The latest SEC filing from the XRP-focused treasury company reveals that the funds will come through convertible senior notes tied directly to the closing of the business combination with Armada Acquisition Corp. II. It also reads that Evernorth has entered into a note purchase agreement on September 11 with NH Investment & Securities, acting as […]
The US Senate failed to advance the Digital Asset Market CLARITY Act on Tuesday, falling short of the 60 votes needed to send the bill toward a final vote. Ripple CEO Brad Garlinghouse says the setback stings, but it won’t change what his company is doing. Garlinghouse Calls the Vote a Missed Opportunity Writing on […]
Swiss-based asset manager 21Shares has outlined its investment case for XRP, citing regulatory clarity, institutional access, growing XRPL utility, and a predictable supply. Nevertheless, it outlined one major risk, which continues to haunt the underlying asset. Why Bullish on XRP? Given Ripple’s years-long battle with the US Securities and Exchange Commission and the favorable outcome […]
XRP Ledger Foundation CTO Denis Angell has suggested that an integration between X Money and XRP could let users move funds from the payments platform into the token and access yield-generating tools on XRPL. His idea goes beyond simply adding crypto payments to X Money, as he sees a possible connection between X’s wallet product […]
All crypto eyes have turned to the two major events next week (and the CPI inflation data on Friday), with some favoring the FOMC meeting, while others put more emphasis on the CLARITY Act vote on September 15. The XRP community appears to be in the second camp, as the countdown to the vote has […]
A Bank for International Settlements (BIS) working paper tests the XRP Ledger (XRPL) as a proof-of-concept for verifying official statistics on-chain, recording cryptographic fingerprints of public datasets that publish in three to five seconds and verify in one to two. The Working Paper No 1374 essentially asks how statistical agencies can give users an independent […]
XRP’s spot trading volume climbed to its highest level since February during August, and the token’s price is now up roughly 8% in the last day to trade near $1.45. The pickup in trading activity landed as the broader crypto market came back to life, with Bitcoin clearing $80,000 for the first time in a […]
Asset manager Bitwise said that its XRP ETF (XRP) has crossed $500 million in assets under management (AUM) just nine months after launch. The fund’s page showed $502.7 million in net assets across 364.75 million XRP last Friday and $507.23 million after Monday’s close. “14 years in, and the $XRP community continues to be unstoppable,” […]
Layer-1 chain Flare has announced that FXRP now works as collateral on Derive, letting XRP holders trade on-chain options and perpetual futures from their own wallets. According to a press release shared with CryptoPotato, holders can mint FXRP through Flare’s FAssets system, deposit it on Derive, and run positions from a single Portfolio Margin V2 […]
On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as a real deposit. The bridge has since halted, and both the operator and outside researchers have traced the failure to Coreum-side software […]