Weekly Project Updates: Ripple Approved for U.S. National Trust Bank, Pump Fun Adds Hyperliquid Perpetuals, ENSv2 Goes Live, etc
Ripple received OCC approval for Ripple National Trust Bank, enabling stablecoin RLUSD and custody services. RLUSD is now live on Coinbase platforms. Kraken's parent, Payward, plans to deploy CFTC-regulated HIP-3 markets on Hyperliquid. BNB Chain announced a new L1 plan with BNB as the sole token. Scroll plans a permissioned network shift. Pump.fun integrated Hyperliquid perpetuals. ENSv2 launched on Ethereum mainnet. Osmosis proposed burning 100M OSMO. Optimism proposed sequencer fee rebates.
How this was made
The 30-second read
Why it matters
Each item introduces new information that could affect token pricing, supply dynamics, and ecosystem participation.
Market read
The combined updates provide fresh catalysts for several crypto assets, offering short‑term trading opportunities and longer‑term sector insights.
What to watch
Potential legal challenges to stablecoin usage and the impact of broader macro risk on crypto appetite.
Background
The article aggregates multiple recent crypto ecosystem updates, ranging from regulatory approvals to protocol upgrades and governance proposals.
Ticker impact
OCC approval enables Ripple National Trust Bank to support the RLUSD stablecoin on a regulated platform.
likely upward pressure as market prices in the new banking capability.
Regulatory clearance removes a major barrier and may attract institutional custody demand.
Sky Protocol reported Q3 2026 revenue of $99.29 M and $5.6 M of SKY buybacks.
likely supportive pressure on SKY price.
Buybacks reduce supply and revenue growth suggests continued demand.
Market effects
Regulatory clearance for Ripple may encourage broader crypto‑banking collaborations; token burns and upgrades signal maturing DeFi infrastructure.
U.S. regulatory approval could boost domestic crypto activity, while governance actions affect global DeFi participants.
These developments collectively shape crypto market sentiment and may influence cross‑asset flows.
Counterpoint
Regulatory approvals may not translate into immediate liquidity if institutional demand remains cautious.
Key entities
- companyRipple
Crypto payments firm receiving OCC approval for its banking subsidiary.
- protocolOsmosis
DeFi platform proposing a large token burn.
- protocolOptimism
Layer‑2 network launching fee rebate program.
- protocolEthereum Name Service
Launch of ENSv2 with enhanced permissions.
- protocolSky Protocol
DeFi protocol reporting strong Q3 revenue and buybacks.
