Key Highlights: Ripple’s October 1 transparency report records $RLUSD circulation at $2,509.8 million across supported blockchains, backed by $2,633.8 million in dollar and cash-equivalent reserves. On the XRP Ledger (XRPL), transaction fees are destroyed at a minimum standard cost of 10 drops (0.00001 $XRP), while account and object reserve requirements lock up tokens rather than ...
Key Highlights: The XRP Ledger faces renewed scrutiny over its governance model and source code disclosure practices. Development teams confirmed security-related code updates will stay unpublished until a full technical retrospective is ready, with un-updated servers risking network desynchronization once the amendment activates. Critics argue the network’s reliance on recommended Unique Node Lists (UNLs) concentrates ...
Key Highlights: Ripple Prime is generating revenue by financing leveraged exchange-traded funds (ETFs), charging fees on financial contracts provided to fund managers. A Wall Street Journal report highlighted that Ripple backed the Tradr 2X Long SNDK Daily ETF, which paid the company an annual rate of roughly 8%. Beyond ETF financing, Ripple has deepened its ...
Key Highlights: Nonbank firms including Ripple Prime, Jane Street, and Clear Street are stepping in to finance leveraged exchange-traded funds (ETFs) as traditional banks face stricter capital rules. Ripple’s Delta One unit provides total return swaps across equities, market indexes, and digital assets, backed by more than $1 billion in regulatory net capital and a ...
Key Highlights: Large-scale $XRP whale outflows from Binance reached approximately 1.38 billion tokens over a 30-day cumulative window, marking a seven-month high according to CryptoQuant data. U.S. $XRP exchange-traded funds (ETFs) logged $3.14 million in net inflows on Oct. 6, driven by a $10.55 million influx into Bitwise’s fund despite opposing outflows from competing issuers. ...
Key Highlights: Prominent alternative investment manager Brevan Howard, overseeing roughly $35 billion in assets, is deepening its relationship with Ripple. The collaboration leverages Ripple Prime to streamline brokerage, clearing, and financing services across various fund positions on a consolidated platform. The move does not indicate a direct purchase of XRP or an explicit XRP-focused strategy, ...
Key Highlights: Brevan Howard has expanded its collaboration with Ripple through Ripple Prime to meet the growing need for institutional digital asset infrastructure. Ripple Prime President Noel Kimmel highlighted surging demand for cross-asset prime brokerage capabilities tailored to institutional players across traditional and digital markets. The agreement reinforces an ongoing relationship following the participation of ...
Key Highlights: Cryptocurrency exchange OKX has secured an undisclosed investment from Circle, Ripple, Qube Research & Technologies (QRT), and SC Ventures. The funding round extends a March deal led by Intercontinental Exchange (ICE) and maintains OKX’s pre-money valuation at $25 billion. OKX plans to use the capital to evolve beyond digital asset trading into an ...
Key Highlights: Global alternative investment manager Brevan Howard has partnered with Ripple to utilize its institutional-grade digital asset infrastructure. The move expands an existing relationship that began after funds managed by Brevan Howard affiliates participated in Ripple’s $500 million strategic investment round in 2025. The agreement leverages Ripple Prime, the multi-asset prime broker built from ...
Key Highlights: OKX secured new capital at a $25 billion valuation from quantitative hedge fund manager Qube Research & Technologies (QRT). Existing strategic backers participating in the financing include Circle, Ripple, and Standard Chartered’s SC Ventures. The injection expands an earlier March round featuring a $200 million investment from New York Stock Exchange parent company ...
Key Highlights Community debate has surfaced around increasing XRP Ledger (XRPL) base transaction fees by 10-fold or 100-fold to increase the burn rate of $XRP. Unlike networks such as Bitcoin, where fees compensate miners, XRPL permanently destroys transaction fees rather than routing them to validators. Adjusting the minimum fee requires validator consensus via the ledger’s ...
Key Highlights: Ripple held 37.656 billion XRP as of its June 30 disclosure, with 32.6 billion locked in on-ledger escrow and approximately 5.06 billion liquid outside escrow. Following the standard monthly 1 billion XRP unlock on October 1, Ripple re-locked 700 million XRP, leaving 300 million outside new escrow contracts, while total escrow reserves dropped ...