The post Ripple Pushes for Australian License Through BC Payments Purchase appeared first on Coinpedia Fintech News

Ripple Labs is set to obtain the Australian Financial Services License (AFSL) through its purchase of BC Payments in an April 1 deal.

This will expand the company’s footprint in Australia, where it is already providing fast and efficient enterprise-grade cross-border remittance services.

According to Ripple’s Vice President and Managing Director of Asia-Pacific, Fiona Murray, the license will allow the company to scale in a region where its payment volume nearly doubled in 2025. 

Several partnerships contributed to this, including that with Hai Ha Money Transfer and the crypto brokerage Caleb & Brown, among others.

Ripple securing institutional use case

This year, Ripple obtained conditional approval to establish the Ripple National Trust Bank (RNTB) from the US Office of the Comptroller of the Currency (OCC). Despite facing strong scrutiny from major banking institutions, Ripple became one of several other crypto-related firms to obtain such a charter. It has also acquired operational licenses from both the European Union and the United Kingdom.

Ripple plans to launch the first XRP Income ETF on US markets today, with a later launch of its native stablecoin, RLUSD, in Japan. The XRP community is now voting on whether XRP and RLUSD should bear interest on the Ripple ledger. 

In Australia, the company is preparing to release its report on Project Acacia – a research initiative exploring the integration of digital currencies with existing payment systems.

XRP price action

At press time, XRP was trading at $1.38, up 1.25% in the last 24h, driven by speculation of a positive regulatory outcome in Japan and the token’s institutional utility.

Should XRP hold above the 78.6% Fibonacci level ($1.36), it might test resistance at $1.42-$1.47. If it fails, then the token may risk a retest of the $1.33 support level. Near-future price action is also dependent on the US Consumer Price Index (CPI) data release scheduled later today.

Source: CoinMarketCap

The post Crypto Regulation: The Latest in SEC and CFTC Harmonization Details appeared first on Coinpedia Fintech News

Paul Atkins, the Chairman of the US Securities and Exchange Commission (SEC), has detailed the collaborative approach between the SEC and the Commodity Futures Trading Commission (CFTC) in regulating the cryptocurrency industry.

Speaking at the ongoing FIA International Futures Industry Conference in Boca Raton, Florida, Atkins said the “regrettable era of duplicative enforcement actions” was over. In its place, the two agencies would jointly work with existing legal provisions to achieve the same goal.

SEC and CFTC joint crypto regulation

For one, firms registered with both agencies would have “substitute compliance.” This means their compliance with the regulations of one agency would imply compliance with similar regulations for the other agency.

To support this, the SEC and CFTC will jointly launch a website where crypto firms can apply for guidance discussions before launching their products. Atkins says dealing with both agencies simultaneously would heighten regulatory efficiency and speed up product approval.

As for event contracts, Atkins called for agency-agency agreement on their classification as securities or security-based swaps.

Other than that, he suggested cross-margining in the derivatives markets, so that firms may use the same collateral across multiple platforms.

He concluded with the following statement:

“The SEC and the CFTC operate under distinct statutes entrusted to us by Congress, and we must administer those mandates faithfully. But fulfilling our responsibility does not require fragmentation; in fact, it calls for coordination.”

.@SECPaulSAtkins at @FIAconnect's Global Cleared Markets Conference:

“The @SECGov & the @CFTC operate under distinct statutes entrusted to us by Congress . . . but fulfilling our responsibility does not require fragmentation; it calls for coordination.” pic.twitter.com/QpfOh2DCxF

— U.S. Securities and Exchange Commission (@SECGov) March 10, 2026

Other developments 

Atkins speech is in line with US President Donald Trump’s agenda for the nation to become the “crypto capital of the planet.”

Presently, the CLARITY Act, which is meant to provide comprehensive regulations for the cryptocurrency industry, remains stalled in the Senate Banking Committee. Since July 2025, the latter is still debating how to counter stablecoin yields and the rising crypto threat to the banking system. 

Trump had also declared that he would not sign any other bill until Congress passed the Save America Act, which requires proof of ID to vote in the US.

The post Elon Musk Announces X Money Launch in April, DOGE Gains 4.2% appeared first on Coinpedia Fintech News

On March 10, Elon Musk, the Executive Chairman at X (formerly Twitter), announced that the platform will begin early public access for its remittance system, X Money, in April.

X Money will be the platform’s native custodial wallet, allowing users to link to their bank accounts for peer-to-peer transactions and bill payments. Other benefits will include 6% yield on balances and cashbacks through physical or virtual debit cards.

The system will operate in partnership with the payments technology provider Visa and use licenses from over 40 US states. Initial operations will utilize fiat, with plans to incorporate cryptocurrencies later in the year.

𝕏 Money early public access will launch next month

— Elon Musk (@elonmusk) March 10, 2026

X Money and Dogecoin integration

Musk has repeatedly stated his intentions for X to be a “central source of all monetary transactions” or an “everything app.” 

In line with this, X Money has begun rolling out real-time stocks and cryptocurrency trading directly into users’ feeds via “Smart Cashtags” such as $BTC for Bitcoin, and $ETH for Ethereum. 

The platform’s partnership wth Visa will also enable instant global remittances using the USDC stablecoin.

So far, there have been no explicit mentions of Dogecoin’s incorporation into X Money. However, the possibility exists because of the billionaire’s liking of the coin, and his statement of personal holdings in BTC, ETH, and DOGE. The virtual currency is also likely to be one among many possible holdings for users of the platform’s upcoming crypto wallets.

Critics are currently mostly concerned about the possible freezing of funds for flagged accounts.

What’s going to happen to the money of the accounts you guys ban for being critical towards specific groups?

— Dr. Simon Goddek (@goddek) March 10, 2026

DOGE price analysis

At writing time, DOGE was trading at $0.09479, having gained 4.16% in the last day following Musk’s announcement.

Source: CoinGlass

The break from recent consolidation and market-wide price falls has seen short seller liquidations mount to $3.94 million, according to CoinGlass. Facing a short squeeze, short sellers have been forced to buy back into the meme coin, adding fuel to the prevailing rally.

Source: CoinGlass

In the near-term, if DOGE remains above the $0.090 support level, it could retest the $0.0950-$0.0972 resistance range. Failure to do so would risk a drop towards $0.088.

The post Hyperliquid Oil Futures Hit $1.2B Trading Volume Amid Middle East Warfare appeared first on Coinpedia Fintech News

Hyperliquid, the world’s leading decentralized exchange (DEX) for perpetual futures, has attained $1.29 billion in trading volume for its oil futures. This is now only rivalled by Bitcoin at $3.56 billion, while Ether is the second runner-up at $1.24 billion. The figure is also a 66.67% surge in volume from yesterday’s $720 million.

Source: Hyperliquid

The hike has primarily been driven by the previous 30% upsurge in oil prices to $120 a barrel, due to the US-Iran war. News of an impending oil shortage spread due to the closure of the Strait of Hormuz and the disruption of several energy producers in the Middle East.

However, at writing time, the Hyperliquid CL-USDC contract, which tracks West Texas Intermediate (WTI) crude oil, had a 24h trading volume of $1.99 billion. This represented a 10.78% drop after oil prices retreated to $85.32 a barrel following intervention from the G7 industrial nations and the International Energy Agency (IEA). The two will jointly release over 1.2 billion emergency barrels, which will be further cushioned by a surplus reported by the US Energy Information Administration (EIA) last year.  Investors also speculate that the US military’s takeover would lead to resumption in global oil flows to pre-conflict levels.

Source: Hyperliquid

Liquidations for long positions have now surpassed $40 million, with one whale losing a whopping $1.55 million.

Why Hyperliquid has recorded notable figures

Hyperliquid’s achievements (including $844M revenue for 2025) are attributed to its HIP-3 markets, which deal in Real World Assets (RWA) 24/7, with execution speeds and liquidity rivaling those of major exchanges. 

Silver remains the top-traded RWA due to high demand from artificial intelligence (AI) and electric vehicle (EV) developers. At press time, the industrial metal was trading at $87, having gained 5% in the last 24h.

Meanwhile, HYPE was trading at $35.20, up 16% in the day, following the DEX’s surge in trading volume.

Source: CoinGecko

The post AI Agents Will Soon Outnumber Humans in Crypto Transaction Volume: KOLs Say appeared first on Coinpedia Fintech News

CEO and co-founder of the world’s largest cryptocurrency exchange, Changpeng Zhao (CZ), has predicted that AI (artificial intelligence) agents will outnumber humans in crypto payments by a “million times.”

CEO, co-founder, and Chairman of Coinbase, Brian Armstrong, made similar comments shortly afterwards. He added that the main reason is that AI agents can easily own crypto wallets as opposed to bank accounts.

Very soon there are going to be more AI agents than humans making transactions.

They can’t open a bank account, but they can own a crypto wallet. Think about it.

— Brian Armstrong (@brian_armstrong) March 9, 2026

AI agents dominating the crypto industry

CZ’s statement follows the Friday announcement that the U (United Stables) stablecoin had become the first of its kind on the BNB chain to integrate EIP-3009. 

AI agents will make 1 million times more payments than humans, and they will use crypto. https://t.co/PkhsAuZPst

— CZ BNB (@cz_binance) March 9, 2026

U stablecoin is backed by both fiat and a set of stablecoins, while EIP-3009 enables fast, gasless, and signature-based transactions. The integration of the two ideally makes U stablecoin a go-to for AI agents making autonomous payments in cryptocurrencies on the blockchain.

Other examples of integration of the two include AI-focused tokens such as TAO and NEAR, and the decentralized blockchain Internet Computer (ICP). The latter is running AI models on-chain to promote independence and censorship resistance. More recently launched is DeepSnitch AI, which utilizes AI agents to provide real-time crypto trading insights.

Presently, it is estimated that 60-80% of the global crypto trading volume is AI-driven. Agents settled 98.6% of payments in USDC, with an average transaction value of just $0.31.

Source: Enterprise Onchain

Source: a16z crypto

Comments

On March 7, Alibaba’s experimental AI agent ROME went rogue – hijacking GPU power and using it to mine cryptocurrencies without human approval. Similar actions have drawn scrutiny over the “independent” nature of AI agents and the potential veering off from their initial purpose.

Meanwhile, the regulatory environment of crypto assets utilizing AI continues to evolve. The Genius Act and the European Union’s MiCA (Markets in Crypto-Assets) are examples of legislation addressing the legal requirements of AI agents in the crypto space. These include source code transparency, risk management, compliance with anti-money laundering (AML) rules, and full disclosure of AI use where applicable.