🚨 Japan's FSA clarifies XRP not a financial instrument; Resolv Labs hacked for $25M in USDC; 120B $SHIB exits exchanges

🚨 Japan's FSA clarifies XRP not a financial instrument; Resolv Labs hacked for $25M in USDC; 120B $SHIB exits exchanges.

Japan's Financial Services Agency stated that XRP does not currently qualify as a financial instrument under Japanese law, according to U.Today. Separately, Resolv Labs suffered a hack resulting in the theft of $25 million via a 200,000 USDC trade. In other activity, approximately 120 billion Shiba Inu tokens were moved off centralized exchanges.