Here's what happened in crypto today

Japan's FSA is about to drop some serious regulation heat — they're forcing crypto exchanges to maintain liability reserves to protect users from hacks and other disasters. This isn't just talk; the Financial System Council is releasing a report after Wednesday's meeting that'll make this mandatory.

The move comes after global exchange hacks spooked regulators, and Japan's not playing around — they've got 12 million crypto accounts in a country of 123 million people. This is part of a bigger regulatory shift that might even let banks start holding crypto assets. Big moves from the land of the rising sun.

Crypto investment products just bled almost $5 billion over four weeks — that's the third-largest outflow in history, only beaten by the March tariff chaos and February 2018 meltdown. Last week alone saw $1.94 billion walk out the door.

But here's the plot twist: $258 million flowed BACK IN during the final trading days, breaking a seven-day redemption streak. CoinShares calls this 'tentative signs of a turnaround' — maybe the bottom's in?

XRP ETPs were the unexpected hero with $89.3 million in inflows despite the token dropping 6.9%. Meanwhile, Solana ETPs got crushed with $156 million in outflows as SOL fell 3.5%. The market's picking winners and losers hard.

BREAKING: NYSE Arca just greenlit Grayscale's Dogecoin and XRP ETFs to start trading Monday. That's GXRP and GDOG for the ticker watchers. Bloomberg's Eric Balchunas confirmed the launch, with Grayscale's Chainlink ETF coming soon after.

This is the final approval needed — NYSE Arca filed with the SEC on Friday certifying the listings. We're witnessing the ETF explosion continue as asset managers pile into speculative crypto funds. The traditional finance invasion is real.