The total value locked (TVL) for all XRPL AMMs surpassed 7 million XRP in one month, with total XRP locked increasing to 3.7 million tokens. This represents a significant increase in the value captured within the XRPL AMM ecosystem in a short period. The growth is attributed to more pairs being added, typically with XRP on one side, and increased inflows into larger pools.

Hong Kong has officially approved the first batch of spot-based Bitcoin and Ether exchange-traded funds (ETFs). This is a significant development for the crypto industry in Asia, as it could establish Hong Kong as a leading hub for digital assets. The approval comes after similar moves by regulators in the United States earlier this year. These ETFs are expected to make it easier for investors to gain exposure to Bitcoin and Ether without having to directly purchase and hold the cryptocurrencies themselves.
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