Japanese company SBI Group is focusing on expanding its Web3 business and attracting institutional clients to benefit from its crypto-centric services. Despite a decline in revenue from its crypto-related business, SBI is committed to enhancing its presence in the Web3 sector to increase revenue and customer base. The company plans to pioneer new business domains that introduce innovative technologies domestically and internationally while transcending traditional financial boundaries. SBI is leveraging Ripple's offerings, including its On-Demand Liquidity product, to drive business growth and strengthen its Web3-related activities.
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SBI Japan Looks to Ripple to Boost Its Web3 Business Growth
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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