Live Feed

Ripple Raises $500M at $40B Valuation

Ripple has successfully raised $500 million in a funding round led by Fortress Investment Group, along with participation from Citadel Securities, Pantera Capital, and Galaxy Digital, among others. This recent investment has pushed Ripple's valuation to $40 billion. The funding round follows a prior $1 billion tender offer that marked the same valuation. Ripple has been making significant moves in recent years, expanding into custody, stablecoins, and prime brokerage services while processing over $95 billion in transaction volume through its payments platform. CEO Brad Garlinghouse highlighted the investment as a testament to Ripple's market momentum and the expanding interest in blockchain technology among traditional financial institutions.

Source 🔗

Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

Read next