- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Ripple Completes $500 Million Funding Round, Led by Galaxy Digital
BlockBeats News, November 5th, according to CNBC, digital asset and infrastructure company Ripple stated on Wednesday that it has completed a $500 million financing round, bringing the company's valuation to $40 billion. This financing round took place after a series of acquisitions by the company, and its product line is also expanding from a single payment to a wider range of services.
Industry insiders believe that with Donald Trump's election as U.S. President and the landmark stablecoin regulation GENIUS Act passing, the U.S. environment is becoming more favorable to crypto and digital asset companies, which are trying to seize this opportunity to accelerate their development.
Ripple has a close relationship with the cryptocurrency XRP, and the company stated that this financing round was led by funds managed by the following institutions: Fortress Investment Group affiliates, Citadel Securities affiliates, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.
You may also like
The world belongs to Chinese people who speak English
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
$1.3 Billion Debt: BitDeer Faces Tough Battle
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Bloomberg: A Romanian Presidential Election Intervened by Crypto Traders
Founders Fund, Pantera, and Franklin Templeton join Sentient's "Arena" to stress test enterprise-level AI agents
Why Retail Is Shifting From Crypto to Equities: Will They Return?
Retail traders are exiting the crypto market and gravitating towards equities. Bitcoin saw a notable reduction in spot…
Canton Crypto Network vs. XRP: Understanding DTCC’s Strategic Approach to Infrastructure and Liquidity
Key Takeaways Canton Network and XRP serve distinct roles in blockchain technology: Canton for asset tokenization and atomic…
Jack Dorsey’s Block to Cut 4,000 Jobs in AI-Driven Restructuring
Key Takeaways Block’s significant job cuts aim to streamline operations for AI-driven growth. The company’s stock surged over…
Axiom Crypto Uncovered: ZachXBT Reveals $400k Insider Trading
Key Takeaways Allegations of insider trading at Axiom Crypto involve approximately $400,000 and a complex scheme where employees…
App