The cryptocurrency community has taken notice of Ripple Labs as a result of a recent transfer of 300 million XRP, which is estimated to be worth more than $680 million. Because of the magnitude of the acquisition, there have been a lot of questions and speculations floating around about what the company’s next moves are in the coming weeks or months. Related Reading: XRP Price Stays Steady: Will Consolidation End Soon? A lot of people are curious about whether or not this move indicates a new strategy or a change in the way that Ripple intends to approach the market. This large-scale transfer has certainly piqued the interest of investors and experts alike, and as a result, Ripple’s subsequent actions are something that should be actively monitored. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 300,000,000 #XRP (682,584,540 USD) transferred from #Ripple to unknown wallethttps://t.co/d5Vu4aasU6 — Whale Alert (@whale_alert) January 9, 2025 Significant XRP Transaction The transfer occurred on January 9, 2025, and was tracked by Whale Alert. The average exchange price for each XRP was approximately $2.275. Notably, this is not the first instance of Ripple transferring such a substantial sum; merely days prior, a same volume of XRP was dispatched to a Ripple address on New Year’s Day. These movements indicate that Ripple may be up for something big. Market Responses And Speculations Historically, large Ripple transactions have greatly changed market mood. An escrow fund moved earlier this month produced a notable 15% price rise in XRP. The current activity is not an exception; traders and investors are closely monitoring how it impacts market dynamics. Although the actual objective of this latest action is unknown, observers speculate that it could be tied to Ripple’s ongoing efforts to enhance the value of XRP. Potential Changes In Regulations While Ripple negotiates these obstacles, there is also hope for potential legislative improvements under the incoming administration of President-elect Donald Trump. The crypto community believes that this adjustment will help new crypto ventures and exchange-traded funds (ETFs) be introduced more easily. Such changes could significantly increase institutional interest and trade volume for XRP, hence changing its long-term course. Related Reading: Bitcoin As The New S&P 500 Of Our Time? This CEO Thinks So Ripple Labs is still working on a number of projects to grow its community and make it easier to use XRP. Among these are the creation of the XRP Ledger (XRPL) and the release of the RLUSD stablecoin. People who have a stake in these efforts are eager to see how these developments will fit into their overall plan as they move forward. Ripple Labs’ recent transfer of 300 million XRP has grabbed attention and sparked questions about its impact on the market and regulations. Investors and analysts are keeping a close eye on Ripple’s actions and what they could mean for XRP and the broader crypto community. Featured image from Getty Images, chart from TradingView
RippleX—the development arm of Ripple Labs—announced earlier today that nearly 80% of servers have already upgraded to the latest version of the XRP Ledger software, rippled v2.3.0. This update, poised to bring eight new amendments, marks one of the most comprehensive overhauls of the ledger to date. XRP Ledger V2.3 In a post shared on X (formerly Twitter), RippleX stated: “Upgrade to XRPL v2.3.0. We’re nearing 80% of servers upgraded! … Once the first 2.3 amendment is adopted, all 2.2.x and older servers will disconnect from the network.” According to official documentation on the XRPL Blog, version 2.3.0 of rippled delivers not only novel features—such as Multi-Purpose Tokens (MPTs), Credentials, and Clawback support for Automated Market Makers (AMMs)—but also a critical set of stability fixes. RippleX has urged server operators to upgrade “as soon as possible” to avoid disruption. The upgrade introduces eight amendments that are still open for voting, reflecting the XRPL’s decentralized governance model. Under this model, an amendment must receive more than 80% support from trusted validators over a period of two weeks before it is adopted. The new features and fixes include: XLS-70 Credentials: This amendment “introduces the ability to issue Credentials on the ledger and use these Credentials to pre-approve incoming payments when using Deposit Authorization.” Operators can create a DepositPreauth object linked to a particular issuer, and only those “authorized by the specified issuer (and get credentials from them) will be allowed to send the payments.” XLS-33 Multi-Purpose Tokens: This feature establishes a new form of fungible token optimized for institutional DeFi, such as stablecoins. It is designed to expand use cases by offering more flexibility in how tokens are issued and managed. XLS-37 AMM Clawback: Designed to facilitate clawback-enabled tokens within the AMM ecosystem, this amendment provides “appropriate guardrails” for those who need the option to reclaim tokens from liquidity pools under specific conditions. XLS-52 NFTokenMintOffer: This allows creating an NFT sell offer as part of minting a new NFT. By combining minting and listing into a single transaction, the ledger aims to streamline NFT-related operation s. fixAMMv1_2: Addresses “two bugs in Automated Market Maker (AMM) transaction processing.” This ensures more robust behavior when executing AMM-related transactions. fixNFTokenPageLinks: Remedies an issue “that can cause NFT directories to have missing links” and introduces a transaction mechanism to repair any corrupted ledger state. fixEnforceNFTokenTrustline: Fixes “two bugs in the interaction between NFT offers and trust lines,” improving NFT offer management and trust line consistency. fixInnerObjTemplate2: Standardizes “the way inner objects are enforced across all transaction and ledger data.” This creates greater uniformity and predictability in ledger data validation. In addition, there is a partially implemented amendment named InvariantsV1_1, which is not open for voting yet. Its initial focus is on ensuring that “ledger entries owned by an account are deleted when the account is deleted,” among other upcoming safeguards. The new version also discontinues certain features. istory Shards have been removed, with RippleX advising that those needing deeper ledger history should transition to a Clio server.Reporting mode is also removed, as part of ongoing efforts to streamline the system. Further improvements include “allowing configuration of SQLite database page size” and a library enhancement for libxrpl to “provide a list of known amendments.” Multiple bugs—ranging from AMM crash scenarios and race conditions to inconsistencies in certain API methods—are also addressed. At press time, XRP traded at $2.30.
European crypto exchange-traded products (ETPs) are experiencing unprecedented investment interest, reflecting the growing trust in digital asset functionality. Investors are increasingly diversifying their portfolios with ETPs, focusing on a range
Over the past week, the cryptocurrency market has faced a decline, shedding $190 billion since Jan. 4. However, by Friday, as the weekend nears, the market exhibited a modest recovery, posting a 2.2% gain over the preceding 24 hours. FAI and AIXBT Rocket While Crypto Economy Battles a Setback The past week has been turbulent
Pepe Rescues Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe Rescues Trump (PEPERTRU), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because PEPERTRU is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe Rescues Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe Rescues Trump could become the next viral memecoin. Pepe Rescues Trump launched with over $9,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe Rescues Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe Rescues Trump by entering its contract address – HtgdKmNDff2UgXmmJYCryKhjVE2F89XMncNt8oThipHz – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPERTRU. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price.
According to the US Department of Justice, Wolf Capital's co-founder has pleaded guilty to wire fraud conspiracy for luring 2,800 crypto investors into a Ponzi scheme.
The apparent success of many investors in the crypto market may hide the fact that most traders have losses. On Pump.fun, a meme token launchpad, only 0.4% of traders have a profit of more than $ 10,000, statistics according to recent data . According to Adam Tehc, a Dune data analyst, out of the more than 13.4 million wallets on Pump.fun, only 54,724 wallets have made profits of $10,000 or more. However, only 294 have achieved the status of “crypto millionaires” by accumulating gains of more than $1 million—this is 0.002% of all wallets. Source:X Tehc pointed out the difference between reality and perception, saying that “289 Pump.fun millionaires is very low and speaks to the gap between the timeline and reality.” This data does not include the revenues from the purchase of Pump.fun tokens after they are graduated from the platform, which happens when a token has a $100,000 market capitalization. However, they do allow for token purchases that are made after graduation as long as the initial purchase was made before graduation. The data can also be impacted by bots. Pump.fun has identified a new group of bots known as “bump bots” that make small trades to generate interest in certain tokens. Although the percentage of very profitable traders among the Pump.fun users remain low, but this figure has steadily increased. A year ago, only 70 wallets had become millionaires, while 11,936 wallets had earned $10,000 or more. Tehc pointed out that the level of profitability is rising among more experienced traders. Pump.fun is a meme coin platform that was created in January 2024 and has become popular rather quickly. Currently, the platform supports the creation of more than 5.7 million tokens with a total revenue of approximately $392 million. A November report also showed that 88% of users trade meme coins through Pump.fun either lost money or made less than $100 in profits. Pump.fun has continued its dominance in the Solana network, performing about 70% of all transactions at the beginning of the year. This spike is the highest level of activity on the platform since November. Since its launch in early 2024, Pump.fun has had great success with Solana meme coins like PNUT, GOAT, and FARTCOINs. As Cryptopolitan reported , Pump.fun is popular among teenagers and young adults, with 64% of website users being under 34. The platform attracts its audience by combining financial and investment content with news and current events. Controversies and Regulatory Scrutiny However, not all has been rosy for Pump.fun as it has been experiencing a meteoritic rise and fall at the same time. The platform quicky turned into a playground for high-risk traders, who used any means necessary to promote tokens. In 2024, a new trend of livestream stunt occurred, during which cases of animal cruelty and fake suicide took place. All these actions led the platform to suspend its live-streaming service. Shortly after, the UK-based Financial Conduct Authority (FCA) issued a notice that advised the public against Pump.fun due to the risks it posed. In response, the platform banned UK-based traders from participating in the platform due to the bans. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Bitcoin ETFs have accumulated over 1 million BTC in their first year. Price increases demonstrate strong market performance and institutional interest. Continue Reading: Bitcoin ETFs Surpass Expectations in Their First Year The post Bitcoin ETFs Surpass Expectations in Their First Year appeared first on COINTURK NEWS .
According to a recent report by Coindesk dated January 11th, the impending transition of power sees CFTC Enforcement Director Ian McGinley announcing his resignation slated for a week after President
On January 8th, a significant milestone was reached as Base, the cutting-edge Ethereum Layer 2 solution, eclipsed the Ethereum mainnet in terms of daily transaction volume. Data from Aerodrome reveals