# Flare Network activated the FAssets v1.3 upgrade on its mainnet on May 15.

*fintech · news · 2026-05-15 · Crypto News*

## Key points

- Flare Network's FAssets v1.3 upgrade enables single-transaction minting of FXRP directly from XRP Ledger.
- The upgrade allows XRP holders to mint FXRP via withdrawals from centralized exchanges like Binance and Kraken.
- Flare Network is implementing FIP.16, reducing FLR inflation from 5% to 3% and introducing MEV capture.
- Bitwise launched a spot Hyperliquid ETF, driving HYPE token's 16% gain, with Coinbase as USDC treasury deployer.

**Companies:** Binance, Kraken, Coinbase, Flare Network, Bitwise, Hyperliquid, Unibase

[Read the full story on Crypto News](https://crypto.news/flare-network-rallies-14percent-on-fassets-upgrade/)

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