Number of NFTs minted on XRP Ledger platform exceeds 5 million
Bithomp statistics show that over 5 million NFTs have been minted on the XRP Ledger platform, with 5,166,733 NFTs currently using the XLS-20 standard. At the beginning of 2023, the NFT issuance on the XRP Ledger was less than 1 million.
Ripple third quarter market report: Over 41 billion XRP in custodial wallets expected to be fully released by 2027
Ripple recently released its Q3 market report, disclosing its XRP holdings and market operations. As of the end of Q3, Ripple's disposable balance in its corporate account exceeded 5.25 billion XRP. These funds are used at the discretion of the company for operations. Over 41 billion XRP is stored in escrow wallets. Ripple receives 1 billion XRP per month from the escrow wallets (used for sales or operational expenses), some of which are usually sold. The report shows that Ripple sold nearly 892 million XRP between July and September. Nevertheless, Ripple typically re-deposits most of the XRP it receives back into the escrow wallets. For example, since August, approximately 800 million XRP have been returned to the escrow wallets each month.
Ripple co-founder Chris Larsen donates $250,000 to strengthen San Francisco police surveillance
Ripple co-founder Chris Larsen has donated $250,000 to a series of proposals presented to San Francisco Mayor London Breed, which could give police more power in using surveillance technology, drones, and pursuing suspects. Local media outlet SFS reported that Larsen is currently the largest donor, having provided $350,000 to a voting measure campaign sponsored by Breed ahead of next year's election.
Ripple whales increased their holdings of 360 million XRP in the past week, worth approximately US$223 million
On December 23rd, according to data published by analyst Ali on X platform, Ripple's whales increased their holdings by about 360 million XRP in the past week, worth about $223 million.
XRP’s daily trading volume is lower than last six years’ record
The daily trading volume of XRP is at a six-year low. The recorded trading volume of 1.9 billion on Thursday was lower than last year's 2.4 billion and significantly lower than the record of 19 billion in 2020. Cryptocurrency detectives say that the downward trend in trading volume not only affects XRP, but also affects the entire cryptocurrency industry.
Ripple obtains virtual asset service provider registration from Central Bank of Ireland
Ripple announced that its Irish subsidiary, Ripple Markets Ireland Limited (Ripple Markets), has been added to the Central Bank of Ireland's (CBI) register of virtual asset service providers (VASPs). This decision will support Ripple in providing specific digital asset services in Ireland.
Palau’s Ministry of Finance launches second phase of Palau stablecoin pilot program
Palau cybersecurity advisor Jay Hunter Anson tweeted that the Palau Ministry of Finance has officially launched the second phase of the Palau Stablecoin (PSC) program, which will focus on building a strong digital ecosystem, improving accessibility and user engagement, and will prioritize legal and regulatory compliance.<br>The phase plan will integrate financial institutions, legal and regulatory compliance, regulatory agencies, legal frameworks, enterprises, and users to achieve transaction security and transparency that meets international standards.<br>In addition, Jay Hunter Anson also stated that Palau will continue to work with Ripple, utilizing Ripple's carbon-neutral CBDC platform and technology.
Ripple expects major economies to have $5 trillion worth of CBDC by 2030
Ripple recently released a white paper clarifying central bank digital currencies (CBDCs). The document analyzes the potential benefits, related risks, and adoption barriers of CBDCs. According to Ripple's white paper, CBDC projects are flourishing globally. Currently, 130 countries, which account for 98% of global Gross Domestic Product (GDP), are actively exploring or implementing CBDC initiatives. Multiple countries/regions, including the United States, South Africa, and various EU member states, have entered the exploration phase. China has entered the pilot phase and is about to launch comprehensively in certain areas.
Ripple ramps up public support for CBDC in new white paper
On December 14th, Ripple released a CBDC whitepaper emphasizing support for central bank digital currencies. In the document, Ripple explains the basics, advantages, and risks of CBDCs, as well as the barriers to widespread adoption. The whitepaper notes that CBDCs can help expand financial inclusion, simplify cross-border payments, and strengthen monetary policy control.
Galaxy Digital CEO admits he was wrong about XRP and Ripple and acknowledges the XRP community
Galaxy Digital founder and CEO Mike Novogratz admits that his past views on XRP and Ripple were "completely wrong." Novogratz now sees Ripple as an institution and the XRP community as a "real" organization that cares about the ecosystem and the token. In addition, Novogratz believes that the current high spending by the US government is stimulating the economy, but he also acknowledges that there will be a price to pay in the future. <br>
Former US SEC Chairman Jay Clayton publicly criticized the court's ruling in favor of Ripple
Former SEC Chairman Jay Clayton publicly criticized the favorable ruling for Ripple made by the court. XRP lawyer John Deaton refuted this criticism and emphasized the differences between the Ripple case and the SEC's lawsuits against cryptocurrency projects Terraform Labs and LBRY. In both of these cases, the court ruled against the SEC, but these rulings were based on motions to dismiss and did not involve providing complete evidence. The SEC's attempt to compare the cases seems to have failed.
90,016,000 XRP transferred from unknown wallet to unknown wallet
According to Whale Alert monitoring, 90,016,000 XRP was transferred from an unknown wallet to another unknown wallet, worth over $55,609,091.
24 million XRP transferred from unknown wallet to Bitstamp
According to Whale Alert monitoring, at around 07:24 Beijing time, 24 million XRP (worth 14.79 million US dollars) was transferred from an unknown wallet to Bitstamp.
Ripple Lawyer: Bought More XRP After SEC Sued Ripple
Ripple lawyer John E Deaton wrote on X platform that when I sued the SEC, SEC lawyers Jorge Tenreiro and others lied to the judge, telling him that I was a dissatisfied XRP holder, claiming that I was uneasy because I lost money by betting on the wrong token. The fact is, when the SEC filed the lawsuit, I had already made a lot of money on XRP. At that time, I owned three tokens, and XRP was my smallest investment after BTC and ETH. However, after the lawsuit, I did buy more XRP because I knew we would win, and it was like betting on myself, betting that the judge would follow the law.
Ripple lawyer: SEC has personal bias in how it handles crypto cases
US district judge Robert Shelby issued a warning to the US Securities and Exchange Commission (SEC) in the case of encryption company DEBT Box. Ripple lawyer John E. Deaton said he was not surprised by the development, which shows that the SEC has personal biases in handling encryption cases. He stated on the X platform: "The SEC blatantly ignores Congress's demands, and even Democrats like Ritchie Torres recognize that Gensler and the SEC have lost control."
1 billion XRP unlocked from Ripple’s escrow
According to Whale Alert monitoring, 1 billion XRP ($602,019,904) has been unlocked from Ripple's custody.
Over 32.07 million XRP transferred from unknown wallet to Bithumb
According to Whale Alert monitoring, 32,078,901 XRP (approximately $19,557,285) was transferred from an unknown wallet to Bithumb.
$48 million in XRP transferred out of Ripple
According to Whale Alert monitoring, 80 million XRP (about $48 million) was transferred from Ripple to an unknown wallet.
XRP whales purchased approximately 11 million XRP in the past week
According to X platform user Ali, on-chain data shows that XRP whales have purchased approximately 11 million XRP worth about $6.82 million in the past week.
XRP whales purchased approximately 11 million XRP in the past week, worth approximately $6.82 million
According to on-chain analyst Ali, XRP whales have purchased approximately 11 million XRP worth around $6.82 million in the past week, as reported by Golden Finance.
