Ripple has raised $500 million in a new funding round, pushing its valuation to $40 billion as it expands beyond payments into digital asset custody, stablecoins, and prime brokerage.
BitMine Immersion Technologies reports total crypto and cash reserves of $13.7 billion, with Ethereum holdings now reaching 3.4 million tokens – representing 2.8% of the ETH supply.
Ripple has expanded into prime brokerage with the launch of Ripple Prime in the United States, allowing institutional clients to trade and manage a full range of digital asset products, including XRP and RLUSD.
A document shared via the account of Sam Bankman-Fried argues that FTX was never insolvent, claiming its assets could have reached $136 billion and its native token FTT $22 billion today.
FalconX is set to acquire Swiss-based 21Shares, marking one of the most significant mergers in the digital asset sector this year. The deal signals growing institutional interest in crypto infrastructure and investment products.