Japanese gaming and blockchain firm gumi, supported by SBI Group, has consolidated an $86 million digital asset treasury into XRP and launched an $18.3 million actively managed SBI Crypto Fund. This dual strategy aims to establish XRP as gumi's long-term reserve asset while offering professional crypto investment services for institutions. Additionally, gumi is developing an advanced digital asset accounting platform to streamline blockchain transaction management for institutional clients, enhancing compliance and operational efficiency. These moves position gumi and SBI as key players in Japan's growing institutional crypto ecosystem centered on XRP.
The XRP Ledger's proposed lending feature, which would allow credit against tokenized assets, remains inactive with only about 20% validator support, well below the 80% threshold needed for activation. This feature includes single-asset vaults and a ...
XRP is approaching a key technical point as it trades near the $1.08 resistance level, confined within a narrowing wedge pattern. This setup suggests an imminent breakout that could sharply move the price either above resistance or down to the $1.00 ...
Mastercard has completed the acquisition of fintech platform BVNK, a key Ripple partner, to strengthen its position in the $309 billion stablecoin market. BVNK provides infrastructure for converting, holding, and moving fiat and digital currencies ac...
The XRP Ledger experienced a sharp 96.88% drop in Real World Asset (RWA) transfer volume over the past 30 days, falling from $581.5 million to $18.15 million. Despite this, the number of RWA holders increased by 23% to 197, indicating ongoing token i...
Ripple reversed its usual process by locking 700 million XRP in escrow before the scheduled monthly release of 1 billion XRP on August 1, resulting in a net increase of 300 million XRP tokens in circulation. This move maintained the pattern of return...
