Ripple CEO Brad Garlinghouse criticized Michael Saylor's Strategy for relying on financial engineering rather than real utility to create long-term value. Strategy's preferred stock (STRC) is trading about 26% below its $100 par value, hitting new lows alongside its common shares. The company has reportedly been selling Bitcoin holdings to sustain dividend payments, raising concerns about dividend sustainability. Garlinghouse contrasts this with Ripple's focus on building practical payment infrastructure using XRP, emphasizing real business revenue over asset appreciation. This situation signals risks for investors in similar Bitcoin treasury strategies and highlights a broader debate in crypto about utility versus financial engineering.
Elon Musk's X has started rolling out X Money, a digital wallet and payment service, to select Premium+ users. The service, powered by Cross River Bank, offers peer-to-peer payments, a Visa debit card, and cash balance yields using traditional bankin...
XRP, Ripple's native token, has fallen 43% year-to-date, hitting an annual low near $1.01 amid a broader crypto market correction. Despite Ripple's ongoing efforts to integrate XRP Ledger into global finance, the token underperforms against competito...
RLUSD stablecoin supply on the XRP Ledger has grown to $1.57 billion, overtaking Ethereum's share with over $804 million, or 52% of total supply. This shift is supported by Japan's regulatory approval of RLUSD, boosting its use in a large market and ...
XRP dropped below the key $1.05 support level, reaching its lowest price since late 2024 amid a broad risk-off sentiment in the crypto market. The token is now testing the psychological $1.00 level, with technical indicators like the MACD signaling i...
XRP Ledger experienced a 40% surge in activity coinciding with a broader crypto market recovery, driven by its low fees and fast transaction speeds. This spike reflects increased user engagement and transaction volumes, showcasing the platform's abil...
