Crypto News Today: Belarus Blocks Major Exchanges, New XRP ETF Gets Approval, Dogecoin Volume Surges, Bitcoin ETFs See Inflows

Global Crypto Update: Belarus Bans Top Exchanges, New XRP ETF Debuts with 100M XRP Seed, DOGE Trading Surges 61%
Crypto News Today
Written By:
Bhavesh Maurya
Reviewed By:
Shovan Roy
Published on

Overview:

  • Belarus has intensified its crypto crackdown by blocking access to major exchanges, adding platforms like Bybit, OKX, and KuCoin to its national blacklist.

  • Momentum around XRP continues to accelerate in the US, with the Cboe approving a new ETF from 21Shares after Ripple seeded the product with 100 million XRP.

  • Bitcoin spot ETFs logged $223.52 million in fresh inflows, led by BlackRock and Fidelity.

Global crypto markets witnessed major regulatory and institutional developments today, ranging from government crackdowns to ETF expansions and new policy frameworks across multiple regions. Here’s a complete roundup of the key events shaping the digital asset landscape.

Belarus Blocks Access to Leading Global Crypto Exchanges

Belarus has restricted access to several major crypto exchanges, marking one of the most aggressive steps toward tightening oversight of digital assets. 

Platforms including Bybit, Bitget, OKX, KuCoin, and MEXC were added to the country’s restricted internet resources list, which BelGIE, the national telecommunications watchdog, manages.

The Ministry of Information ordered the block without offering a specific explanation. Users attempting to access these platforms through Beltelecom now receive a notice citing Belarus’ media laws. 

This step comes after months of Minsk's efforts to centralize crypto activity. The authorities have been updating crypto rules, including by establishing a registry of wallets involved in illegal activities and proposing unified regulatory standards across the Eurasian Economic Union.

Fifth XRP ETF Entering the US Market After Cboe Approval

Momentum in the US XRP ETF market continues to build. The Cboe has approved 21Shares' upcoming XRP ETF, which will debut under the ticker TOXR.

Ripple Markets has seeded the fund with 100 million XRP (approx. $226 million) to provide immediate liquidity for market makers. 

The ETF will track the CME CF XRP-Dollar Reference Rate, giving institutional traders a regulated way to gain exposure without managing private custody. TOXR carries a 0.3% annual fee.

US XRP ETFs collectively have now seen about $954 million in net inflows, without a single day of net outflows, making XRP one of the fastest-growing institutional crypto products this cycle.

Also Read: XRP News Today: XRP Price Stalls Near Support as ETF Inflows Ease and Stablecoin Activity Declines

Dogecoin Trading Volume Jumps 61% Ahead of Fed Decision

Dogecoin saw a 61% surge in 24-hour trading volume, climbing to $1.68 billion as traders positioned ahead of a crucial Federal Reserve policy announcement. 

DOGE briefly rallied from $0.134 to $0.153 before retracing to around $0.145.

The 25-basis-point US rate cut was a widely anticipated move by the Fed, which was in line with the 90% probability indicated by the CME FedWatch Tool

Dogecoin has kept its trading range within $0.131 and $0.156 since the end of November. A break above the $0.156 resistance level may bring in buying momentum; however, $0.13 remains strong support.

Bitcoin Spot ETFs Record $223.52 Million Inflows

Bitcoin spot ETFs recorded $223.52 million in net inflows yesterday. None of the 12 US ETFs experienced outflows.

BlackRock’s IBIT led with $192.95 million in inflows, pushing its historical total to $62.60 billion, while Fidelity’s FBTC added $30.58 million.

The combined net asset value of Bitcoin spot ETFs now stands at $122.43 billion, representing 6.63% of Bitcoin’s total market capitalization.

Also Read: Bitcoin Price Near $90,263 as Volatility Spikes After Fed Rate Cut

Gemini Secures CFTC Approval After Five-Year Review

The US Commodity Futures Trading Commission has granted Gemini Space Station Inc. a Designated Contract Market (DCM) license. 

With the approval, Gemini is permitted to conduct regulated prediction markets via its subsidiary, Gemini Titan, LLC.

The platform will offer event contracts, such as whether Bitcoin will finish the year above $200,000, and may eventually expand into crypto futures and perpetual products.

The approval arrives at a critical time for Gemini, whose stock has fallen from its IPO price of $37.01 to $11.36.

ASIC Introduces New Exemptions to Support Stablecoin and Wrapped Token Distribution

The Australian financial regulator, ASIC, has completed the process of granting exemptions to simplify the secondary markets for stablecoins and wrapped tokens. 

The changes remove the need for individual AFS licenses and officially allow the use of omnibus account structures, helping make the process more efficient and less expensive.

According to industry leaders, the update will accelerate the adoption of real-world stablecoin applications across cross-border payments, treasury management, and settlement systems.

The move follows Australia’s introduction of a sweeping Digital Assets Framework Bill, which will require exchanges and custodians to obtain new licensing under ASIC oversight.

FAQs:

1. Why did Belarus block major crypto exchanges?

Belarus restricted access as part of its tightening regulatory approach, citing media laws and efforts to curb unregulated crypto activity.

2. What is significant about the new XRP ETF?

The ETF, approved by Cboe, is seeded with 100 million XRP and joins a rapidly growing category that has already seen nearly $1 billion in inflows.

3. Why did Dogecoin’s volume surge by 61%?

DOGE traders positioned themselves ahead of the expected Fed rate cut, driving volumes sharply higher across exchanges.

4. Which Bitcoin ETFs saw the most inflows?

BlackRock’s IBIT led with $192.95 million in inflows, followed by Fidelity’s FBTC with $30.58 million, contributing to a total $223.52 million inflow day.

5. What does Gemini’s new CFTC approval allow?

The approval grants Gemini a DCM license, enabling it to offer regulated prediction markets and potentially expand into crypto derivatives.

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