Crypto fintech company Ripple announced a $500 million strategic investment on Wednesday, at a $40 billion valuation. The firm, whose founders helped created cryptocurrency XRP, said that funds managed by affiliates of Wall Street giants Citadel Securities, Fortress Investment Group, and Brevan Howard took part in the raise. XRP’s price was trading slightly higher on
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3241.28, up 4.3% (+133.71) since 4 p.m. ET on Tuesday. Nineteen of 20 assets are trading higher. Leaders: SUI (+9.6%) and AVAX (+9.0%) Laggards: ICP (-18.1%) and BTC (+2.4%).
Ripple announced a $500 million strategic investment at a $40 billion valuation, led by major institutional investors including Fortress Investment Group, Citadel Securities, and Pantera Capital. Ripple’s $500M Raise Highlights Institutional Bet on Blockchain Payments Ripple, the San Francisco-based financial technology company known for its crypto solutions for businesses, has raised $500 million in a
A once-unbeatable crypto trader has seen his fortune reversed after a sharp market correction turned a $33 million profit into losses exceeding $26 million, ending a near-perfect trading streak. The well-known crypto trader, identified by the on-chain wallet 0xc2a3, has suffered a major setback following the sharp decline in digital asset prices. According to blockchain
Bearish sentiment is rising following a sharp decline in Bitcoin’s price. Despite this trend, several prominent cryptocurrency influencers argue that the hope for an upward reversal remains strong. They cite expanding global liquidity and anticipated Federal Reserve (Fed) actions as potential catalysts for the next rally. Government Shutdown Draining Market Liquidity Raoul Pal, founder of
Spot Bitcoin and Ether exchange-traded funds (ETFs) continued to bleed capital on Tuesday, with both assets seeing their fifth straight day of outflows. In contrast, Solana funds extended their inflow streak to six days. According to data from Farside Investors, spot Bitcoin (BTC) ETFs saw $578 million in net outflows on Tuesday, the steepest single-day
The sudden and significant decline in Bitcoin (BTC) and Ethereum (ETH) has also impacted US ETFs. As Bitcoin and Ethereum ETFs continue to experience gains in the US, yesterday’s data has also arrived. According to Farside Investors data, spot Bitcoin ETFs in the US saw net outflows of $566.4 million, the highest level since August.
Zohran Mamdani’s victory over Andrew Cuomo to become New York City’s 111th mayor drew record voter turnout and $424 million in Polymarket betting volume, leaving one trader nursing heavy losses after wagering against him. One bettor by the handle ‘fuxfux007’ is down $969,169 after betting against Mamdani. The trader appears to be new to Polymarket,
The Independent Community Bankers of America (ICBA) is coming out against cryptocurrency exchange Coinbase’s application for a National Trust Company Charter in the US — a move that could threaten banks’ interests as the company moves closer to traditional finance. In a Monday letter to the US Office of the Comptroller of the Currency (OCC)