Update
Ripple Partnerships and XRP Price Update
Ripple announced a partnership with Standard Chartered to enhance custody support for its stablecoin RLUSD and expanded its services in the leveraged ETF market through Ripple Prime. Despite positive demand for spot XRP ETFs previously, recent data shows a significant drop in demand, with net flows reaching $0.00 earlier this week. A critical bug in the XRP Ledger was fixed, preventing potential minting of excess XRP. XRP's price has declined, falling below $1.35.