Major News Headlines for Today

1. Ripple Issues 99% Supply Of RLUSD..."It's About to Be Released"
Ripple issued about 800,000 of stablecoins'RLUSD' based on Ripple Ledger(XRPL), signaling the imminent launch of RLUSD. According to the Ripple Leisure analyzer 'Vet', Ripple issued about 99% of the RLUSD issuance, which was announced in a day on Sept. 29, 2024.

2. Former China Finance Minister "China Should Change Cryptocurrency Policy in Line with World Trends"
At a forum of senior economists in Beijing on Sept. 29, former Chinese Finance Minister Lu Jiwei insisted that China should also investigate carefully and seek changes in the global dynamics surrounding cryptocurrency, including the approval of the U.S. ETF. He stressed that cryptocurrency can pose a great threat to financial stability, but since the U.S. has accepted cryptocurrency as a financial market, China should also accept cryptocurrency after closely examining its risks.

3. Arthur Hayes Announces Buying Of 'Memecoin' PEPE
Arthur Hayes, CEO of BitMex, announced the purchase of Pepe on his X account on Sept. 29, signaling a surge in 'memecoins Pepe. According to data from the on-chain analysis platform Look-On-Chain on Sept. 29, Hayes actually bought about 24.29 billion Pepe coins on Binance on Sept. 27.

4. US Bitcoin Spot ETF Recorded Net Inflow of $1.1 Billion Last Week
Bitcoin spot ETFs in the U.S. recorded a net inflow of about $1.1 billion last week, the second-largest net inflow after the second week of July. According to data from financial data platform Parside Investor, Bitcoin spot ETFs in the U.S. continued to record high net inflows in the fourth week of September, including $494.4 million in net inflows on Sept. 27.

5. Former SEC Attorney "SEC's Ripple Appeal Decision, Won't Be Easy"
Amid news that the U.S. Securities and Exchange Commission(SEC) is preparing to appeal the trial against Ripple, which was ruled in August, former SEC attorney Mark Pagel expressed his opinion that the SEC's decision to appeal will not be easy. Pagel argued on his X account on Sept. 29 that in order to overturn the court's ruling itself, the SEC is not easy to prepare evidence to support the SEC's logic and that the decision to appeal is constantly being postponed.

권승원 기자 ksw@