Search results for "XRP"

The XRP Ledger plans to launch the XAO DAO to achieve Decentralization governance.

According to Gate News bot, as reported by CryptoSlate, with the upcoming launch of XAO DAO, the XRP Ledger has entered a new phase of community participation, marking the birth of the network's first Decentralized Autonomous Organization (DAO). This launch signifies that XRP will transition towards a deeper level of decentralized governance in the future, providing users with a structured way to participate in key decisions, fund projects, and support real-world Blockchain applications.
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The XRP Ledger is about to launch the XAO DAO to adopt Decentralization governance.

PANews June 19 news, according to Cointelegraph, the XRP Ledger will adopt decentralized governance through the upcoming XAO DAO, which is its first community-led organization aimed at leveraging XRP Token to promote proposals, funding, and on-chain decision making.
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Purpose Investments: The management fee rate for the XRP ETF is 0% before February 1 next year.

Odaily News The digital asset ETF management company Purpose Investments Inc. announced that the management fee for the Purpose XRP ETF will be fully waived, effective until February 1, 2026. This ETF is currently the only XRP ETF that offers CAD hedged units. It is reported that its previous management fee rate was set at
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Ripple issued 10 million RLUSD to support the progress of the stablecoin bill.

Gate News bot message, according to on-chain data from the Ripple stablecoin tracker, Ripple has minted 10 million RLUSD in the RLUSD treasury. This move comes amid legislative activities surrounding the U.S. GENIUS Act, as regulatory momentum for stablecoins is gaining strength. Some observers believe that the GENIUS Act could reshape the digital financial landscape in the next two years.
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Ripple and the SEC urge Judge Torres to approve the settlement agreement to end the Ripple (XRP) case.

Gate News bot, on June 17, Ripple's legal team officially filed a petition with Judge Analisa Torres for the Southern District of New York, requesting acceptance of a joint motion with the Securities and Exchange Commission (SEC) to resolve Ripple's long-standing dispute with the regulator over the sale of XRP. The letter, filed by Ripple Labs Inc., expresses full support for the joint motion and further explains the implications of the settlement agreement.
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Ripple (XRP) chart forming a "hot cup" pattern: major moves coming soon?

Gate News bot message, chart analyst DefendDark stated that as the price movement converges with key trend lines, Fibonacci levels, and the formed cup pattern, Ripple (XRP) is approaching a critical turning point. This setup indicates that a breakout may occur as tension increases within the compressed technical structure.
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Trident announces a $500 million financing plan for the XRP treasury.

According to Jinse Finance and BWENEWS, Trident has announced a financing plan of up to $500 million for the XRP treasury and has appointed Chaince Securities LLC as a strategic advisor.
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The publicly listed company Trident plans to raise $500 million to establish an XRP treasury.

Odaily News According to market news: The listed company Trident plans to raise $500 million to establish an XRP treasury.
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Native USDC has been launched on the XRP Ledger.

Golden Finance reports that Circle announced on the X platform that the native USDC has been launched on the XRP Ledger, and developers, institutions, and users on the XRP Ledger will receive support for the native stablecoin.
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Ripple CEO boldly predicts that XRPL will capture 14% of SWIFT's global Liquidity in the next five years.

Gate News bot reports that Ripple CEO Brad Garlinghouse predicted at the XRP Ledger Apex 2025 conference in Singapore that XRPL will capture 14% of SWIFT's global liquidity in the next five years. He also emphasized the importance of liquidity solutions for global financial transformation. Garlinghouse highlighted that the key to dominating global finance lies not in information transmission, but in controlling capital flows, which aligns with Ripple's vision: to take the lead in the liquidity-driven cross-border payment revolution. He stated, "SWIFT consists of two parts: messaging and liquidity. Liquidity is the key. If XRP can drive the development of the liquidity layer, it will reap enormous benefits."
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Ripple CEO: The XRP Ledger is expected to account for 14% of SWIFT's global Liquidity within five years.

PANews June 12 news, according to Beincrypto, Ripple CEO Brad Garlinghouse predicted at the XRP Ledger Apex 2025 event held in Singapore that the XRP Ledger (XRPL) is expected to capture 14% of SWIFT's global liquidity within five years. He emphasized that the role of XRP is to drive liquidity rather than replace SWIFT's communication layer. Ripple announced at the conference the launch of sidechains compatible with the Ethereum Virtual Machine and strengthened its support for the tokenization of real assets.
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Ripple CEO: XRP Ledger aims to capture 14% of SWIFT's global liquidity in five years

Gate News bot, at the XRP Ledger Apex 2025 summit, Ripple CEO Brad Garlinghouse elaborated on the future development of XRP Ledger. He made it clear that XRP is positioned to drive liquidity, not to replace the SWIFT messaging system. According to its plan, XRP Ledger will reach its goal of capturing 14% of SWIFT's global liquidity within five years. In addition, Ripple officially announced the launch of the EVM sidechain and supports the tokenization of assets such as US Treasury bonds, reflecting its layout in the field of financial infrastructure. Source: BeInCrypto
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Ripple CTO: The goal of XRPL is to form a Decentralized Finance structure around XRP.

Gate News bot, Ripple CTO David Schwartz said that Ripple's technology stack is gradually forming a structure similar to a DeFi system, capable of handling everything from payments to lending, investing, and tokenized assets. He believes that XRPL, along with stablecoins such as XRP and RLUSD, forms a platform that can support a wide range of services typically provided by banks and fintech companies, but is faster and more open. Schwartz noted that the future of XRPL will include an integrated marketplace, a stablecoin ecosystem, and broader utility beyond XRP.
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XRP lawsuit progress: Lawyers expect a turning point in the case within 12 days.

In his latest X post, XRP lawyer Bill Morgan laid out the potential developments in the Ripple lawsuit. He stressed that June 16 is a key deadline for the SEC to file its report with the Court of Appeals because the 60-day period has ended. The SEC is just 12 days away from filing its status report with the Court of Appeals, and Morgan expects significant progress in the meantime. "There are 12 days left until the date the SEC must file a report with the Court of Appeals," he wrote. There must be progress at that point, otherwise appeals and cross-appeals will continue and Ripple will also need to submit a brief. ”
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XRP 50-day SMA falls below 200-day SMA confirming a death cross, bearish trend emerges.

Ripple (XRP), a cryptocurrency focused on payments, is trading at the lower end of Ichimoku (Ichimoku). Ichimoku is a momentum indicator based on multiple moving average variants, created by a Japanese journalist in the 60s of the 20th century. The crossover above and below the cloud chart represents a bullish and bearish shift in momentum. When the price of an asset falls below the cloud chart, such as the price of Dogecoin earlier this month, it usually signals a bearish trend. Traders often interpret this as a signal to consider selling or shorting the asset, especially if it is also confirmed by other macro or technical indicators. XRP's 50-day moving average has broken below the 200-day moving average, confirming the so-called death cross, which is a bearish indicator. As a result, a break below the Ichimoku cloud could cause its price to fall below $2.
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3iQ XRP ETF listed on the Toronto Stock Exchange with no management fees for the first 6 months.

Gate News bot news, the encryption asset management company 3iQ announced on Wednesday that it has launched an XRP exchange-traded fund on the Toronto Stock Exchange (ETF). The 3iQ XRP ETF (TSX: XRPQ) has a management fee of 0% for the first six months and can be invested through Canadian registered accounts. The company is listed on the Toronto Stock Exchange and accredited investors worldwide can participate, but must comply with local regulations. Earlier this week, the asset management company Purpose Investments announced that its XRP Spot ETF will begin trading on Wednesday on the Toronto Stock Exchange (code: XRPP).
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The encryption asset management company 3iQ launched the 3iQ XRP ETF.

Odaily News 3iQ, a cryptocurrency asset management company, has launched the 3iQ XRP ETF (XRPQ) on the Toronto Stock Exchange. The 3iQ XRP ETF will be launched with a 0% management fee for the first six months and can be invested through registered accounts in Canada, its listing is on TSX.
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The asset management giant Evolve Funds Group has launched the Evolve XRP ETF.

Golden Finance reported that asset management giant Evolve Funds Group has announced the launch of the Evolve XRP ETF, which has now submitted its final prospectus and will be listed on the Toronto Stock Exchange (TSX), with trading expected to commence on June 18 local time. The net asset value of the ETF will be based on the CF XRP-USD reference Exchange Rate published daily by the Chicago Mercantile Exchange (CME).
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XRP is facing resistance at $2.20, and the technical indicators show a持续下行趋势.

According to Gate News bot, XRP is facing increased selling pressure against the backdrop of heightened macroeconomic uncertainty. The ongoing US-China trade friction, mixed central bank policy signals, and the impact of recent ETF rejections have depressed sentiment in risk asset markets. Meanwhile, traders are keeping a close eye on Ripple's RLUSD stablecoin deployment, as well as regional regulatory milestones in Dubai and Singapore, where Ripple's infrastructure continues to expand. However, none of these developments have brought a short-term boost, and XRP has fallen nearly 9% for the week. Market watchers note that a descending channel is forming on the XRP hourly chart, which is a bearish continuation signal with a surge in volume on a test of key resistance levels. Analysts warn that unless buyers are able to reclaim the $2.20 level, the price action could fall further towards the $2.10 area.
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Analysis: Ripple (XRP) is expected to fall below its 50-day EMA.

Gate News bot message, FXStreet analyst Manish Chhetri stated that the price of Ripple (XRP) attempted to close above the 50-day moving average of $2.24 on Monday but failed to succeed, falling 3.53% the next day. As of Wednesday when this article was written, its trading price was around $2.16.
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With the U.S. intervening in the Israel-Iran conflict, the prices of BTC, ETH, and XRP have fallen.

Gate News bot message, Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices hovered around key levels on Wednesday after falling the previous day. As concerns grow over the potential U.S. intervention in the escalating conflict between Israel and Iran, the crypto assets market has turned to safe-haven assets. These escalating geopolitical conflicts may trigger market risk aversion, indicating that major digital assets could fall further.
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Canada opens the door to Crypto Assets, and the XRP ETF will trigger a wave of capital.

According to Gate News bot, Canadian company Evolve Funds Group Inc., managing $7 billion in assets, announced on June 16 that it has submitted a final prospectus to launch the Evolve XRP ETF on the Toronto Stock Exchange (TSX). The XRP exchange-traded fund (ETF) is expected to begin trading on June 18, with stock codes XRP (CAD Unhedged) and XRP.U (USD), pending final approval from TSX.
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Ripple and the SEC request the court to suspend the appeal to conclude the Ripple case (XRP)

Gate News bot message, the SEC and Ripple Labs notified the U.S. Court of Appeals for the Second Circuit on June 16 that they are jointly seeking to pause the appeal while awaiting a ruling from the district court, which could lead to a resolution of the lawsuit regarding the sale of Ripple (XRP) coin.
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Ripple (XRP) will end its 7-month consolidation period after soaring 700%, with significant moves on the horizon?

Gate News bot message, market expert "Crypto Michael" recently released a technical chart on X (formerly Twitter) showing that Ripple (XRP) has been consolidating for seven months after an astonishing 700% price rise, and this rise was triggered by a breakout from a multi-year symmetrical triangle pattern. The chart is based on a 3-month Candlestick Chart, showing that XRP has experienced significant price compression over seven years within the triangle pattern.
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Ondo Finance introduces tokenization of national bonds into the XRP ledger through Ripple stablecoin RLUSD.

Odaily News According to official news, Ondo short-term U.S. government bonds (OUSG) are now available for qualified purchasers on the XRP ledger, and seamless minting/exchange functionality is achieved through RLUSD. For the first time, qualified purchasers can use Ripple's enterprise-grade stablecoin RLUSD for seamless subscription and exchange of OUSG on the XRPL around the clock.
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VivoPower, a publicly listed company, will deploy $100 million XRP on Flare and use RLUSD as reserves.

Gate News bot reported that VivoPower International (VVPW), a NASDAQ-listed company, will adopt a digital asset financial strategy and plans to invest $100 million in XRP. The company announced on Wednesday that it has partnered with Layer 1 blockchain Flare to deploy $100 million worth of XRP to generate yield on its treasury holdings. The initiative marks the first large-scale adoption of the Flare FAssets system, which enables non-smart contract tokens such as XRP to interact with DeFi protocols. VivoPower plans to generate yield through Flare-native protocols such as Firelight and reinvest the proceeds to expand its XRP holdings. The company said it will also adopt payments firm Ripple's RLUSD stablecoin as its cash equivalent reserves.
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Ondo Finance tokenization of U.S. Treasury Bonds launched on the XRP Ledger

Gate News bot news, Ondo Finance's tokenization of US Treasury bonds is launched on the XRP Ledger, enabling seamless minting and redemption through Ripple's stablecoin RLUSD, thereby facilitating institutional access.
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Guggenheim uses the Zeconomy platform to issue digital commercial paper on the XRPL.

Gate News bot message, the Digital Commercial Paper DCP has been launched on the XRP Ledger ( XRPL ). This paper is a fixed-income asset backed by U.S. Treasury securities, rated Prime-1 by Moody's. DCP is managed by Guggenheim Treasury Services, which is one of the "largest independent commercial paper platform management companies in the world and a wholly-owned subsidiary of Guggenheim Capital, LLC. DCP is tokenized, issued, and managed through the Zeconomy platform.
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The XRP Ledger compatible EVM sidechains will be launched in Q2.

Gate News bot news, Ripple's Product Management Director Jaazi Cooper and Chief Technology Officer David Schwartz stated at the APEX 2025 conference held in Singapore that a decentralized Layer 1 blockchain XRP Ledger (XRPL) compatible with the Ethereum Virtual Machine (EVM) will launch in the second quarter. It was introduced that this EVM sidechain will allow users to earn through DeFi applications (such as liquidity pools and smart contracts interaction).
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Ripple CEO: Circle's successful IPO signals that U.S. stablecoin regulation is on the way.

Gate News bot news, Ripple Labs CEO Brad Garlinghouse stated at the Ripple (XRP) community conference XRP Ledger Apex held in Singapore that he remains optimistic about stablecoins, a viewpoint recently reinforced by Circle's IPO. Garlinghouse said: "Circle's IPO has obviously gone very smoothly. This reflects the interest of investors (including institutional investors and retail investors) in Crypto Assets. The future of finance will be based on Blockchain." He pointed out that one factor for the success of Circle's IPO is the fundamental belief in the passing of the U.S. stablecoin legislation, the GENIUS Act.
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Polymarket predicts that the approval probability of the XRP ETF has reached a new high of 92%.

Gate News bot news, according to data from Polymarket, as market sentiment changes, users of the platform predict that the probability of XRP ETF approval in 2025 has risen to 92%, setting a new historical high. Since early May, this probability has risen by 20%.
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Analyst: If following the 2017 pattern, XRP will rise 530% to $14

Gate News bot news, in the past month, XRP's price has been fluctuating between $2.05 and $2.40, forming a bull flag consolidation pattern on the weekly chart. Since February 1, XRP has been consolidating below $3.00. However, analysts believe that if XRP breaks out like it did in 2017, its price could rebound significantly from current levels. Analyst Mikybull Crypto stated that XRP's price movement over the past three weeks seems to follow the strategy of 2017, when XRP broke out from the bull flag pattern and rose over 1,300%, reaching around $3.40, its historical high.
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The number of daily active addresses for XRP has surged 7 times, and the number of whales holding over 1 million XRP has reached a new high.

Gate News bot reports that on-chain data from Santiment shows that ecological activity on the XRP Ledger is becoming increasingly active due to various factors. In the past week, the number of daily active addresses for XRP surged to 295,000. Over the past three months, the daily average number of active addresses for XRP has hovered between 35,000 and 40,000, which is a sevenfold increase compared to the average of the previous three months, indicating a significant rise in on-chain activity. The data also shows a surge in the number of on-chain whale wallets. Currently, there are 2,708 wallets holding at least 1 million XRP, marking a high point since 2012, with each wallet's XRP holdings valued at approximately $2.25 million.
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Market experts: What impact would it have on the coin price if XRP accounts for 14% of SWIFT volume?

Gate News bot message, market expert Crypto Eri emphasizes through detailed mathematical calculations that if Ripple (XRP) accounts for 14% of SWIFT's annual cross-border transaction volume, it could impact the supply and daily volume of XRP. Notably, this market expert highlights that if Ripple is to handle such a large proportion of XRP (approximately $4.2 trillion), then only a very small portion of the total supply of XRP would be needed to support this transaction.
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Will the Ripple (XRP) lawsuit be concluded in a few weeks? Lawyers say not to hold your breath.

Gate News bot message, external lawyer Bill Morgan is an Australian lawyer who supports Ripple (XRP), and his posts are often widely circulated among XRP holders. He warns that the mood of the court can be seen solely based on timing, believing that one cannot expect to see the conclusion of the XRP lawsuit in a few weeks.
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Financial service company Guggenheim launched tokenization of commercial paper on the XRP Ledger

Financial services firm Guggenheim Treasury Services announced the launch of digital commercial paper (DCP) on Ripple's XRP Ledger, providing institutional investors with access to short-term debt instruments through a decentralized financial network, Golden Finance reported. The product, which is backed by U.S. Treasuries, will take advantage of the XRP Ledger's round-the-clock trading, fast settlement, and low-cost trading. As part of the partnership, Ripple will invest $10 million in the DCP project.
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The number of daily active Addresses for XRP has risen 16 times in 24 hours, potentially becoming a bullish breakout catalyst.

According to blockchain analytics firm Santiment, the number of daily active addresses (DAA) interacting with the XRP blockchain has increased from about 32,000 on June 9 to 547,000 on June 10, an increase of 1,609% in 24 hours, indicating a significant increase in investor interest and likely to be accompanied by inflows. It is worth mentioning that this is the highest single-day increase in user activity this year. The DAA indicator shows the number of unique wallets that traded XRP or interacted with the Ripple network in a 24-hour period. Therefore, the surge in DAA may reflect increased interest from retail and institutional investors. This could also be an indication of an uptick in XRP Ledger usage after Ripple partnered with Japan's Web3 Salon to support the growth and innovation of the blockchain. Historically, large spikes in DAAs have usually preceded shifts in market sentiment. From late February to early March 2025, there was a brief increase in XRP prices after the DAA rise. If history repeats itself, the current growth of this indicator may become the basis for a bullish breakout.
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The digital asset trading platform Uphold is considering an IPO in the US or seeking a sale.

Gate News bot reported that Uphold and its CEO Simon McLoughlin revealed that the Uphold board has "appointed" FT Partners to explore strategic options, including an IPO in the United States or a sale to another company. "Currently, many banks, brokers, financial institutions, and payment companies have expressed interest," McLoughlin stated, "therefore, a sale transaction could also be an option." Although McLoughlin was reluctant to comment on the valuation, a person familiar with the matter said the valuation was over $1.5 billion. FT Partners has not immediately responded to requests for comment.
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Activity on the XRP Ledger has significantly slowed down, with payment volume dropping to its lowest level since October last year.

PANews 6月3日 消息,据CoinDesk报道,XRPScan 数据显示,XRP Ledger 上活动显有放缓,支付交易量降至 320,747笔,为去年10月以来最低,远低于3-5初超万笔的平均水平。 活跃地址数也降至1万以下,同样为10月以来最低。 同时,作为手续费被销毁的XRP数量降至1500枚,为数月最小,与新账户创建放缓相kiss合。 此次放缓出现在第一季度取得亮眼成绩之后,当时支付交易量环比增长36%,活跃地址数增长142。 Messari报告对XRP Ledger前景乐观,称通过战略伙伴关系和收购,机构采用率增加。 Recently, Bitcoin has risen to a historic high of over $110,000, up more than 40% from the low in early April. This rebound pushes
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Ripple CTO proposed two innovative upgrades to the XRP Ledger transaction fee.

Gate News bot news, Ripple's Chief Technology Officer David Schwartz proposed a plan for innovative upgrades to XRP Ledger transaction fees. He stated, "I support the idea of charging the same fee for every transaction in the ledger as much as possible, but prioritizing based on the highest fee the transaction is willing to pay." Notably, Schwartz proposed two main solutions to enhance the efficiency and fairness of XRPL, with the primary goal of eliminating unnecessary overpayments. He pointed out, "Everyone is overpaying. This is not ideal."
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Hyperliquid's HYPE has become the fifth largest Token in futures trading, but still lags behind XRP.

PANews reported on June 16 that according to CoinDesk, Coinglass data shows that the token HYPE of the decentralized perpetual futures trading exchange Hyperliquid has reached an open interest of $2.06 billion, making it the fifth largest futures trading asset, surpassing DOGE ($1.83 billion), but still behind XRP futures. Bitcoin, Ethereum, and SOL remain in the top three. Data shows that Hyperliquid accounted for 60% of the total trading volume of $94.3 billion in on-chain Perpetual Futures last week. The token is used for governance and fee payments and operates on a self-built Layer 1 blockchain. In the past three months, the price of HYPE has skyrocketed fourfold, reaching an all-time high of $44. This surge was accompanied by a spike in open interest and a positive annualized funding rate, which once soared above 100%, indicating strong demand for bullish leveraged bets.
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Ripple and the SEC have finally reached a settlement, seeking to lift the court's injunction.

Gate News bot news, after nearly five years of litigation, Ripple and the U.S. Securities and Exchange Commission (SEC) have finally reached a settlement, but both parties still need to persuade the judge to rewrite the ruling. The latest joint motion from both sides requests Judge Analisa Torres to lift the injunction against Ripple and reduce its $125 million fine to $50 million, on the grounds that "special circumstances" justify the request. However, crypto assets lawyer John Deaton stated in a recent X broadcast that this motion "misses the mark." He warned that the judge is not likely to hastily overturn a ruling she has carefully crafted over the years. In his view, the motion missed a crucial opportunity to persuade. It failed to emphasize how the SEC, under former Chairman Gary Gensler, implemented an overly aggressive and contradictory enforcement strategy, which has since been rescinded under current Chairman Paul Atkins.
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The Japanese listed company Remixpoint holds 16.032 billion yen in BTC, and holds 17.113 billion yen in ETH, SOL, XRP, and DOGE and other encryption assets.

PANews June 16 news, Japanese listed company Remixpoint announced that it has added to its purchase of Bitcoin worth 200 million yen on June 13, totaling 13.2961 BTC, with an average purchase price of 15,042,000 yen/coin. The funds for this purchase partially come from the funds raised by exercising the 24th new share subscription rights on the afternoon of June 12. As of now, the company holds a total of 1,051.5620 BTC, with a book value of about 14.396 billion yen, a market capitalization of 16.032 billion yen based on the closing price on June 15, and a floating profit of about 1.636 billion yen. In addition, the company also holds crypto assets such as ETH, SOL, XRP, and DOGE, with a total market capitalization of about 17.113 billion yen and an overall floating profit of about 1.763 billion yen. Previously, it was reported that the Japanese listed company Remixpoint increased its holdings by 55.68 Bitcoins.
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FXStreet Price Prediction: BTC, ETH, and XRP Stabilize Near Key Support Levels

Gate News bot news, FXStreet analyst Manish Chhetri stated that Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization near key support levels after experiencing a recent pullback last week. BTC is trying to regain upward momentum after closing below the key support level, while ETH and XRP are hovering around technical thresholds that could determine their next movements.
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Analyst: The US court ruling is expected to be favorable for XRP, potentially opening a pump channel.

Gate News bot message, FXEmpire analyst Bob Mason stated that on June 15 (Sunday), Ripple (XRP) rose by 1.18%, reversing Saturday's 0.33% fall, closing at $2.1670. The token outperformed the market, which rose by 0.43%, bringing the total market capitalization of crypto assets to $2.25 trillion. The expectation of a favorable ruling boosted the demand for Ripple.
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Ripple provides funding of up to $200,000 for Japanese startup XRPL project.

Gate News bot news, Ripple collaborates with Web3 Salon to support Japan's digital asset startup ecosystem, providing funding of up to $200,000 for each project built on the XRP Ledger.
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Nasdaq applied to the SEC to expand the range of digital asset indices, proposing to include XRP and three other crypto assets.

According to Gate News bot, as reported by Cryptotimes, Nasdaq submitted a rule change application 19b-4 to the SEC (. The application document shows that Nasdaq plans to include XRP, SOL, XLM, and ADA in its digital asset Benchmark index on June 2, 2024. The purpose of this change is to allow the Hashdex Nasdaq Crypto Index US ETF ) NCIQ ( to shift from the Nasdaq Crypto US Settlement Price Index ) NCIUS ( to the Nasdaq Crypto Index ) NCI (. The NCI currently includes 9 cryptocurrencies, and once the SEC approves this application, the ETF will be allowed to invest in these coins. The SEC is expected to make a final decision on this application by November 2, 2025.
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Webus has signed a funding protocol for XRP with a cap of $300 million with SamaraAlpha.

Webus, a customized ride-hailing service platform, announced the signing of an XRP funding agreement with SamaraAlpha, which establishes Samara Alpha as the exclusive digital asset trustee of Webus with an authorized management cap of $300 million. (Marketscreener)
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VanEck's digital asset director: The threat of low market capitalization listed companies establishing large-scale encryption reserves can be seen as eyewash.

Recently, several companies with smaller market capitalizations announced plans to purchase large amounts of altcoins such as XRP and Solana. Expert Matt Sigel stated that this could be an attempt by insiders to inflate the stock prices of these companies, suggesting that there may be an eyewash behind it.
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Several small market capitalization companies announced large-scale plans to purchase encryption tokens, and a VanEck executive raised questions.

According to Gate News bot, The Block reported that Matthew Sigel, head of digital assets at VanEck, expressed his views on the recent cryptocurrency purchase plans of several low market capitalization companies. Singapore-based Trident Digital Tech, with a market capitalization of only $16 million, announced plans to raise $500 million to establish an XRP reserve. Meanwhile, companies like Classover and Webus International, both with market capitalizations of less than $100 million, have also announced plans to establish reserves for Solana or XRP. Matthew Sigel emphasized that when a company with a very low market capitalization announces a plan for large-scale purchases of Crypto Assets without disclosing anchoring investors, it is essentially a scam (. "If there's no anchoring investors disclosed and the market cap is tiny, it's almost certainly a scam." ).
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