Japan\'s government is pushing a plan to gradually raise the Government Pension Investment Fund\'s allocation to alternative investments to about 5 percent from 1.7 percent, with the recommendation to be reflected in the next GPIF policy report. The shift could move billions of dollars into private equity, private credit, real estate and infrastructure. The government is also urging bigger domestic investment by public pension funds, amid stronger GDP data and a policy backdrop of higher inflation forecasts and recent rate hikes.

Crypto markets this week weighed hopes for an XRP rebound against data showing a sharp drop in XRP Ledger activity. Uncertainty also rose over whether the U.S. Clarity Act can be handled by the July 4 Independence Day target, keeping regulatory doubts in focus. Bitcoin stayed rangebound and broader fund rotation into altcoins remained limited. Ripple executives highlighted on-chain settlement as a strategy, while analysts debated key XRP price levels and scenarios.