2025-03-13 Market Watch: Crypto trends: ETF updates, investments, and regulations

Here is what happened yesterday in the crypto market:

OKX Europe Expands with MiFID II License

OKX Europe has acquired a Malta-licensed firm holding a Markets in Financial Instruments Directive II (MiFID II) license, paving the way for regulated derivatives products in Europe. This move signifies a major step for OKX in offering advanced trading options within the European market. Read more

Franklin Templeton Enters XRP ETF Race

Franklin Templeton has filed a preliminary application with the SEC for an XRP ETF, joining the growing list of firms seeking to offer exposure to XRP through a regulated investment vehicle. This move indicates increasing institutional interest in XRP. Read more

MEXC Ventures Invests $36M in Ethena’s USDe

MEXC Ventures is investing $36 million into Ethena and its USDe stablecoin, signaling confidence in the stablecoin’s potential amid surging demand. This strategic investment underscores the growing importance of stablecoins in the crypto ecosystem. Read more

Bank of Russia Considers Crypto Investment Pilot

The Bank of Russia is proposing a controlled experiment to allow a limited number of high-net-worth Russian investors to legally trade cryptocurrencies under strict regulations. This suggests a potential shift in Russia’s stance towards crypto. Read more

Rumble Purchased $17.1M in Bitcoin

Video-sharing platform Rumble (RUM) has invested $17.1 million in Bitcoin (BTC), adding 188 BTC to its corporate treasury, aligning with a Trump-era crypto strategy. Read more