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.
The cryptocurrency market is showing signs of recovery as $1.9 billion in Bitcoin options, $230 million in Ethereum options, and $3.7 million in XRP options expire today. Bitcoin has surged over 6% to around $62,000, supported by bullish call options...
XRP is showing signs of a bullish reversal with a rounded-bottom pattern forming on the four-hour chart, recovering from support near $1.01. A close above $1.10 could confirm a move toward the key resistance around $1.14–$1.15, supported by rising bu...
Ripple has become a member of the Open USD Stablecoin Consortium, a group supported by major payment companies Visa and Mastercard. This consortium aims to promote the development and adoption of USD-backed stablecoins, which are digital currencies p...
More than 200 companies including Coinbase and Ripple are pushing the US Senate to vote on the CLARITY Act before the August recess. The bill aims to provide clearer federal regulations for digital assets, reducing uncertainty for issuers and exchang...
XRP is recovering after a recent sell-off, maintaining support above $1.08 and approaching $1.10. Increased wallet creation and bullish social sentiment signal growing investor confidence. Ripple's release of 1 billion XRP from escrow caused no marke...
