Announcements Gate Research: SEC Delays Decisions on XRP and Dogecoin ETFs | Story Empowers AI Music IP

Gate Research: SEC Delays Decisions on XRP and Dogecoin ETFs | Story Empowers AI Music IP

2025-05-21 07:39:31 UTC 73002 Read

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BTC saw modest gains of 0.48% over the past 24 hours, currently trading at $106,751. BTC ETFs recorded a net inflow of $41.7 million on Tuesday. ETH remained range-bound, showing a slight decline of 1.32% to $2,533, with its market dominance slightly dropping to 9.25%. Altcoin markets experienced overall weakness, with the Altcoin Season Index remaining unchanged at 23.

- **Market Recap:**In the past 24 hours, BTC remained volatile within a narrow range, increasing by 0.48%, priced at $106,751. ETH underperformed slightly amid softer market sentiment, dropping by 1.32%, while its dominance fell marginally to 9.25%.
- **Token Highlights**:The trending tokens today include Swarms (+2.40%, market capitalization: $31.18 million) and Liquity (+7.18%, market capitalization: $92.25 million). Swarms (SWM), which focuses on developing an AI- and blockchain-based decentralized computing network, recently launched an enterprise-grade Python client API, aiming to further advance its technological implementation. Liquity (LQTY), a decentralized lending platform, introduced its Liquity V2 upgrade recently, now supporting ETH and liquid staking tokens (LST) as collateralized assets. Liquity also forged friendly fork partnerships across multiple EVM chains.
- **Alpha Insights:**The U.S. Securities and Exchange Commission (SEC) officially delayed approval decisions regarding proposed XRP and Dogecoin spot ETF applications by 21Shares and Grayscale, along with Bitwise's Ethereum staking ETF proposal. This delay underscores regulators' cautious stance towards emerging crypto products, emphasizing strict compliance, anti-fraud measures, and investor protection.Meanwhile, Story Protocol has empowered Virtuals ecosystem's AI music platform MUSIC, launching their one-click AI music IP minting tool "Bangers." With Bangers, users can create and obtain official copyright certificates for AI-generated music or MV using trending Twitter posts. This collaboration serves as a key showcase for Story Protocol’s programmable IP technology, enhancing user engagement within Virtuals ecosystem.In addition, Ethereum's ecosystem activity has notably rebounded recently, with daily active DEX users up 73% sequentially. However, trading volumes remain relatively flat, reflecting a market structure marked by increased retail engagement but lower institutional participation. Sustainable growth within the Ethereum ecosystem still requires further technological advancements and deeper capital support.
- **Gate HODLer Airdrop:**Gate commenced subscription activity for TOKYO GAMES TOKEN (TGT), with subscriptions concluding at 16:00 (UTC+8) on May 21, 2025. Launched by a leading Japanese mobile game company, the initial ecosystem project "TOKYOBEAST" aims to combine traditional gaming with crypto-native economies via NFT representation models.

**Discover more details today：** → <a  rel="nofollow noopener noreferrer"  href="https://www.gate.com/learn/articles/gate-research-sec-delays-decisions-on-xrp-and-dogecoin-etfs-story-empowers-ai-music-ip/9088" target="_blank">SEC delays XRP and Dogecoin Spot ETF approval decision | Gate Research</a>

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Cryptocurrency investment involves high risks. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.

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May 21, 2025
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Gate Research: SEC Delays Decisions on XRP and Dogecoin ETFs | Story Empowers AI Music IP

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