The Daily: Ripple confirms no IPO plans, Flare unlocks XRP spot exposure on Hyperliquid, and more
Ripple confirms no IPO plans, Flare lists FXRP on Hyperliquid, and Morgan Stanley files for a spot Ethereum ETF.Summary
Ripple President Monica Long reaffirmed the company's intention to remain private, stating its strong balance sheet and recent acquisitions allow it to fund growth internally without needing public markets. Meanwhile, Flare Network launched FXRP, providing the first spot XRP exposure on the Hyperliquid DEX via an FXRP/USDC pair, advancing its XRPFi strategy. In other news, Morgan Stanley filed for a spot Ethereum ETF shortly after filing for Bitcoin and Solana ETFs. JPMorgan is also extending its JPM Coin to the Canton Network for institutional settlement. Finally, Bitwise CIO Matt Hougan identified avoiding systemic blow-ups, advancing U.S. crypto legislation, and stable equity conditions as key hurdles for a sustained 2026 crypto rally.
(Source：The Block)