Ripple Prime, Ripple's institutional prime brokerage arm, secured $275 million through a private placement of senior unsecured notes to fund its US expansion. The deal received an investment-grade BBB rating, signaling strong institutional confidence. This capital, combined with a prior $200 million debt facility, totals $475 million to boost Ripple Prime's lending and prime brokerage services. The investment-grade status gives Ripple Prime a competitive edge by lowering borrowing costs and enabling aggressive service pricing.
Analyst Dark Defender suggests XRP is completing a corrective phase and could soon make a strong move against Bitcoin and Ether, potentially overtaking them in market dominance. Ripple's recent partnership with Jeonbuk Bank, the first Korean regional...
Dubai Land Department has tokenized official property title deeds on the XRP Ledger, starting with 10 towers fractionalized into 7.8 million tokens worth over $5 million. This government-backed pilot allows regulated secondary trading with transactio...
Ripple will unlock 1 billion XRP tokens from escrow on September 1, but will re-lock 600 to 800 million, injecting only 200 to 400 million XRP into the market. This net supply increase aims to fund Ripple's operations and ecosystem, but comes as XRP ...
XRP futures open interest on Binance surged to $232.7 million, the highest since June, but underlying signals suggest bearish sentiment. Despite the rise in open interest, a deeply negative cumulative volume delta indicates traders are opening new sh...
David Schwartz, Ripple's former CTO, disclosed that his XRP holdings have decreased significantly from about 26 million at their peak to roughly 2 million currently, a 92% drop. He did not specify whether this reduction was due to sales or other tran...
