Ripple is granting its institutional clients direct access to crypto derivatives listed on Coinbase Derivatives Exchange and cleared via Nodal Clear, the company announced. The move connects Ripple's institutional customer base to regulated U.S. derivatives markets for the first time, extending its services beyond payments and its $XRP token into a broader suite of institutional crypto finance products.

XRP exchange-traded products recorded $106.8 million of inflows in February and $1.9 million in the week ending Feb. 27, bringing net inflows since January to $153 million and assets under management to $2.4 billion, CoinShares data show. SoSoValue reported spot XRP ETFs absorbed $7.53 million on Tuesday, marking a fifth consecutive session of positive flows and pushing cumulative inflows toward $1.25 billion while total assets in these funds reached $1 billion. Analyst Xaif Crypto said on X the Feb. 23-27 trading week generated $9.55 million of net ETF inflows, while TradingView data indicated XRP is trading within a symmetrical triangle near the 200-week exponential moving average, with analysts pointing to potential resistance levels around $1.43, $1.50 and a measured move target near $1.95 if a breakout above the upper boundary is confirmed.

OKB rallied 38% after the New York Stock Exchange invested in OKX at a $25 billion valuation, the original report shows. The token's surge followed disclosure of the valuation tied to NYSE's investment in the platform.

The CoinDesk 20 index closed at 2064.51 at 4 p.m. ET on Wednesday, down 1.6% or 33.92 points, CoinDesk Data & Indices show. Only one of the 20 assets traded higher, with ICP up 1.1% and UNI gaining 0.4%. XLM fell 3.5%, the weakest performer, while LTC dropped 2.8%.

BitGo announced its subsidiary BitGo Bank & Trust has been appointed to provide stablecoin infrastructure and institutional distribution support for SoFiUSD, a USD-backed stablecoin issued by SoFi Bank, Businesswire reports. SoFiUSD is the first U.S. dollar stablecoin from a U.S. nationally chartered, FDIC-insured deposit bank to operate on an open, permissionless blockchain. BitGo will deliver technical and operational infrastructure, institutional access, and related applications through its "Stablecoin as a Service" platform.

An unidentified wallet unstaked 1,402,039 SOL valued at $127,212,516, the original report shows. The stake release involved a large amount of SOL moving out of locked status from the unknown address.

A total of 2,318,449 SOL, valued at $210,968,707, was unstaked and transferred to an unidentified wallet. The recipient address has not been publicly attributed.

Solana (SOL) is trading near $91.70, up about 3% over the past 24 hours and roughly 6% on the week, but remains around 11% lower over the past month and almost 70% below its January 2025 all-time high of $293.31. CoinGlass data show trading volume slipped 3% to $16.4 billion while open interest increased 2% to $5.37 billion, and SoSoValue figures show Solana ETF inflows of $19.06 million on March 4. The analysis highlights $95 as a crucial resistance area where the 38.2% to 50% Fibonacci retracement clusters and where the $100 region now appears to act as resistance, with RSI recovered from oversold to slightly above 50 and 24-hour spot volume on the rebound just over $6 billion. A sustained break above $95 could open targets around $105–$110, while failure at this level may refocus attention on $85 and the recent lows near $80.

Tether made a strategic investment in fintech firm Axiym on March 5 to advance USDT integration in global payment and settlement systems, ChainThink reports. Axiym is developing a distributed funds infrastructure that embeds financial services into compliant payment ecosystems and supports a "Pay Now, Settle Later" framework with native USDT integration, enabling payment companies to deploy USDT directly in existing systems without additional settlement rails. The company's network covers 140 countries and 70 currencies, providing real-time settlement between payment processors and aggregators. Tether CEO Paolo Ardoino said the investment will expand real-world USDT use cases and support a more efficient global payment system, while Axiym founder Khibar Rassul stated direct USDT integration into regulated infrastructure can shift stablecoins from assets to core payment capabilities.