Chris Larsen, co-founder of Ripple, has reportedly invested in American Perpetuals Exchange Corp. (APEC), a derivatives startup founded by Senator Kirsten Gillibrand’s son, Theodore Gillibrand. This investment comes as US lawmakers negotiate the CLARITY Act, a significant crypto market structure bill expected to shape digital asset regulations. The Act’s progress is critical as it requires bipartisan support and includes ethics provisions under debate. Larsen’s involvement is notable given his large XRP holdings and the potential impact of the legislation on Ripple and the broader crypto market. Senate Republicans aim to pass the bill in July before the legislative window narrows due to upcoming recesses and election season.
Ripple's RLUSD stablecoin has surpassed a $2 billion market capitalization, rapidly approaching PayPal USD's $2.87 billion. Launched in December 2024, RLUSD is one of the fastest-growing regulated stablecoins, with significant minting activity boosti...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
Pi Network's price rose about 4% to $0.0939, approaching the key $0.10 level amid a broad cryptocurrency market rally. The wider crypto market surged over 6%, with Bitcoin hitting a 14-week high of $79,500. Pi Network's recent boost follows the launc...
Ripple has supported the XRP Ledger's PermissionDelegationV1_1 amendment, part of the XRPL v3.3.0 upgrade, allowing accounts to delegate transaction permissions securely. This feature aims to attract regulated institutions and enterprise applications...
Ripple's RLUSD stablecoin saw a $17.5 million increase in deposits on the Morpho Blue lending platform over the last 30 days, reaching about $280 million in total deposits—a 40% rise from the previous month. Morpho Blue's unique lending model isolate...
