Ripple Labs aims to raise at least $1 billion through a special purpose acquisition company (SPAC) to create the largest XRP-focused digital asset treasury. This vehicle would accumulate XRP tokens, including some contributed by Ripple itself, testing institutional demand for XRP amid a weakening market for crypto treasury companies. If successful, it could provide Ripple a new way to monetize its significant XRP holdings and support token demand. The plan comes as digital asset treasury firms face challenges after a crypto selloff, with XRP gaining less attention than bitcoin in this space so far.
XRP stabilized near $1.30 supported by ETF inflows, institutional interest, and significant withdrawals from exchanges, indicating reduced supply. Despite short-term price gains and increased trading volume, XRP remains down over the past 30 and 90 d...
Anonix aims to evolve the XRP Ledger (XRPL) from a fast, low-cost payment network into a comprehensive AI-powered digital marketplace ecosystem. By integrating AI tools, decentralized services, and digital commerce within a unified platform, Anonix s...
The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, majo...
Stellar (XLM) surged 50% after a new DTCC partnership launched tokenized assets on its blockchain, while XRP remained down 29% year-to-date despite earlier DTCC integration news. The key difference is that Stellar's integration offers direct utility ...
XRP remains range-bound around $1.30 despite community sentiment dropping to 'Extreme Fear'. Institutional activity, including $63 billion in CME futures volume, and growth in Ripple's stablecoin RLUSD suggest improving ecosystem fundamentals. Analys...
