Squid, a cross-chain infrastructure platform, raised $6 million in a strategic funding round led by North Island Ventures, with Ripple and others participating. Since its launch in January 2023, Squid has processed over $6 billion in transactions across multiple blockchains, simplifying asset transfers between networks like Bitcoin, Ethereum, Solana, Cosmos, and XRP Ledger. The new funds will support the development of consumer-facing products to make crypto asset movement easier. Ripple's investment aligns with its ongoing infrastructure support for the XRP Ledger, where Squid acts as an official bridge partner and validator operator. Squid plans to reveal more about its consumer roadmap soon.
Ripple joined a $6 million funding round led by North Island Ventures to support Squid's expansion of its cross-chain consumer platform. Squid, which has processed over $6 billion in transactions since January 2023, aims to simplify asset transfers a...
A market analyst labeled XRP as one of the biggest alleged scams in crypto, criticizing its $83 billion valuation and accusing Ripple of inflating its price through industry influence and celebrity endorsements. Despite these claims, XRP's network ac...
The XRP Ledger (XRPL) has climbed from the top 10 to fourth place on the RWA.xyz league table, marking its growth as a key platform for real-world asset (RWA) tokenization. This rise reflects a shift in traditional finance towards onchain solutions, ...
Bitcoin ETFs experienced a $100.82 million outflow, led by Blackrock's IBIT with a five-day losing streak, while Ether ETFs saw $32.58 million withdrawn over nine days, mainly from Blackrock's ETHA. In contrast, XRP ETFs gained $8.88 million, led by ...
Ripple minted $200 million worth of RLUSD on the XRP Ledger on May 20, marking the largest single mint in the network's history. On the same day, it burned $100 million worth of RLUSD on Ethereum, reducing supply there. This activity caused RLUSD sup...
