Ripple’s acquisition of Circle, Boosts XRP usage

Posted on May 26, 2025May 26, 2025 by Olumide Adesina

XRP communities are discussing the potential acquisition of the large stablecoin Circle.

Kate Young Ju, an alternate X account for Ki Young Ju, the creator of the on-chain analytical platform CryptoQuant, recently clarified the conversation in a post addressing SUCH topics.

“XRP seems like a group of capital market experts. It has its shortcomings, but its movement is unquestionably sharp,” according to the pseudonymous account.

Speaking about the rumors involving Ripple and Circle, the analyst stated that the payment giant would make a strategic move if Ripple were to acquire the stablecoin issuer. Circle initiated “informal talks” with Coinbase and Ripple regarding the potential acquisition agreement.

Circle aims for a sales valuation of at least $5 billion, which aligns with its initial public offering (IPO) target.

The analyst highlighted that major players anticipating Circle’s IPO may support XRP in the future, driven by the high demand for stablecoins from the cryptocurrency and traditional markets. There is a rumor that Ripple might consider acquiring Circle. If this is true, it could be a strategic move.

“Investors who wait for Circle’s IPO might choose to purchase XRP instead, as many are eager to invest in the future of stablecoins.” He added.

XRP Price Prediction: Can Ripple ETF, Circle Deal, Futures Hopes Drive Fresh Rally to 10?

Posted on May 26, 2025May 26, 2025 by Skerdian Meta

Ripple (XRP) is recovering from a large loss, with institutional interest and impending ETFs adding to momentum in both the spot and futures markets.
Continue reading “XRP Price Prediction: Can Ripple ETF, Circle Deal, Futures Hopes Drive Fresh Rally to 10?” →

Ripple taps into Dubai Real Estate Market, Boost XRP adoption

Posted on May 25, 2025 by Olumide Adesina

UAE selected Ripple’s XRP Ledger as the blockchain for tokenizing the transactions. Dubai’s real estate tokenization program has over 3,000 registered investors

Senior executive Mahmoud AlBurai from the Dubai Land Department (DLD) shared this information in a LinkedIn post. He mentioned that many people who have joined the waitlist indicate a strong interest in the project. This initiative marks the first tokenization effort for real estate in the Middle East and North Africa (MENA) region.

At present, only Emirates cardholders who are official residents of the United Arab Emirates can participate in the program. Despite this eligibility restriction, the project has attracted interest from many investors, likely due to the engagement of several regulatory bodies in advancing the project.

. AlBurai asserts that the pilot phase network is named XRPL. This raises the question of whether XRPL will be the sole option or if there are plans to expand to other networks.

DLD partnered with Prypco Mint and Ctrl Alt to tokenize ownership deeds for government-owned real estate. Now, the department plans to offer investors a share of these properties.

Ripple has been promoting real-world assets (RWA) on XRPL. It invested $10 million in tokenized US Treasury bills through OpenEden after the platform’s launch on XRPL, and $5 million in a tokenized money market fund on XRPL by the UK-based company Abrdn last year. With the inclusion of real estate tokenization, XRPL seems poised for increased institutional adoption.

Leveraging XRPL, Ripple has begun onboarding institutions into its payments service after securing a payments provider license from the Dubai Financial Services Authority (DFSA).

France Stops Telegram Chief From Travelling to Norway

Posted on May 25, 2025 by Olumide Adesina

Telegram co-founder Pavel Durov will not attend the Oslo Freedom Forum in Oslo, Norway, after French courts denied his plea to travel to the Scandinavian country.

The Human Rights Foundation (HRF), a charity that organizes the Oslo Freedom Forum and promotes individual liberty and universal human rights, has announced that Durov will continue to give his keynote talk via a digital webcast.

HRF founder and CEO Thor Halvorssen said, “It is regrettable that French courts would prevent Mr. Durov from taking part in an event where his voice is sorely needed.” Durov remains an outspoken supporter of individual liberty and free expression.

Executives in the IT and cryptocurrency industry are keenly watching Pavel Durov’s case and its impact on personal freedom in France. Recently, Pavel Durov claimed that French intelligence services asked him to filter conservative political content on Telegram associated with the Romanian presidential race.

He categorically rejected the request.. It’s not possible to ‘protect democracy’ by destroying it. On May 18, Durov posted on Telegram, “You can’t ‘fight election interference’ by interfering with elections.”

Durov said Telegram will not censor political information on the app and will leave the markets before limiting free expression on the messaging platform. According to the co-founder of Telegram, it is a violation of human rights to submit to such oppressive political censorship.

SafeMoon’s Ex-Chief Convicted of Money Laundering, Fraud

Posted on May 25, 2025 by Olumide Adesina

Braden John Karony, the former CEO of SafeMoon, was convicted by a federal jury in Brooklyn of conspiracy to commit securities fraud, wire fraud, and money laundering. The conviction follows an 18-month investigation into one of the most notorious cryptocurrency fraud cases in recent memory and a lengthy 12-day trial.

The prosecution accused Karony and his associates of deliberately misleading investors by claiming that SafeMoon’s liquidity pool was locked and untouchable, when in reality, they were embezzling millions of dollars from it to fund an extravagant lifestyle.

DOJ stated that evidence presented in court revealed that Karony used investor funds to purchase luxury cars, such as a Tesla and an Audi R8v, and multimillion-dollar real estate in Utah.

Karony maintained that liquidity funds could only be used in dire circumstances, but Thomas Smith, SafeMoon’s former CTO, who accepted a plea bargain, testified that there was intentional dishonesty. Smith acknowledged that the forfeiture of assets totaling at least $2 million, including residential properties, is another consequence of Karony’s guilt.

He may face a maximum sentence of 45 years in prison. US Attorney Joseph Nocella said Karony “lined the driveways of his million-dollar homes with luxury cars” and SafeMoon was a “front for theft.”

Kyle Nagy, the project’s elusive founder, remains at large while Smith awaits sentencing. Acting Special Agent in Charge McCormack of HSI New York stated in an official statement that Braden John Karony treated millions of dollars in investor funds as his personal bank account, driven by his avaricious greed and self-centered desires.

The defendant will soon trade his expansive property and expensive cars for a prison cell in a federal penitentiary.

Ripple: XRP Much Faster than Bitcoin, SWIFT

Posted on May 24, 2025 by Olumide Adesina

Ripple’s chief, Brad Garlinghouse, drew renewed interest in XRP from the community after emphasizing the asset’s growing significance in international payments.

XRP Avenger (@XRP_Avengers) highlights how XRP is already addressing significant inefficiencies in international money transfers. Garlinghouse noted that XRP and Bitcoin differ in that XRP is more effective and faster. XRP is ideal for real-time transfers worldwide; unlike Bitcoin, it can be processed in three seconds.

Garlinghouse claims that XRP enables banks to eliminate the antiquated practice of maintaining pre-funded accounts across several nations. He explained that SWIFT and other conventional systems complicate money transfers because they require banks to hold cash outside their home countries. That need is eliminated by Ripple’s XRP-powered solution, which makes real-time liquidity possible.

He stated that Ripple’s trading pairs are with the US dollar and the British pound. Institutions can access funds instantly. He claims that transactions are finished “in seconds,” an improvement over the days or hours the previous SWIFT network often required.

With Ripple, money can be sent between banks without the involvement of a third party, reducing costs and speeding up the process. Since many financial institutions already incorporate XRP for liquidity

Forex Signals Brief May 23: UK-Canada Retail Sales Close the Week, Watch GBP and CAD

Posted on May 23, 2025May 22, 2025 by Skerdian Meta

Markets delivered a mixed performance as U.S. bond yields flirted with 2007 highs, the dollar ticked higher, and Bitcoin stole the spotlight with a fresh record above $110,000. Continue reading “Forex Signals Brief May 23: UK-Canada Retail Sales Close the Week, Watch GBP and CAD” →

Coinbase Breach: Crypto-thief launders Loot Through THORChain

Posted on May 23, 2025 by Olumide Adesina

The crypto thief responsible for the Coinbase data breach has also resorted to publicly mocking blockchain detectives while laundering tens of millions of dollars in stolen cryptocurrency. The attacker recently exchanged 8,697 ETH for 22 million DAI, a dollar-pegged stablecoin.

Those funds were converted into an additional $23 million in DAI using a different address believed to be part of the same operation, which had received 9,081 ETH via THORChain.

The transactions identified by PeckShield highlight an attempt to funnel the illegal funds into stable assets as part of a broader money laundering strategy. The attacker’s decision to insult ZachXBT, a well-known crypto detective, by sending a meme video link and an insult through Ethereum’s transaction message field makes this case particularly egregious.

After the simple message, “L bozo,” a video of NBA legend James Worthy smoking a cigar followed. According to ZachXBT, who shared details about the taunt on his Telegram channel, blockchain evidence links the sender of this message to the same organization responsible for the breach that exposed tens of thousands of Coinbase users.

These recent transactions and taunts occurred following Coinbase’s disclosure that the hack affected at least 69,400 users and stemmed from a campaign that began in December 2024 but went undetected until May 2025, based on disclosures submitted to the Attorney General in Maine.

Ripple Boost amid Stablecoins Launch on XRPL

Posted on May 23, 2025May 23, 2025 by Olumide Adesina

XRP sits below $2.5 while the market waits in anticipation of two backed stablecoins set to be launched on the XRP Ledger.

The launches are expected to add value to the network and expand the adoption of stablecoins within the XRPL system. Data from Glassnode indicates that user activity within the XRP network has changed significantly over the last 10-day period.

The number of active addresses was just above forty-eight thousand, about 2 weeks back.

Then a steep drop followed, and that number was reduced to around thirty-three thousand by May 16. On the 17th of May, there was a spike in activity; the number of active addresses surged to almost forty-four thousand, marking the peak during this window.

The count dropped below thirty within a day and remained in that range for three days. However, on May 21st, it rose again to thirty-three thousand.

Ripple revealed that Schuman Financial has already issued its euro-pegged stablecoin directly on the XRPL, called EURØP euro.

The digital asset is compliant with the Markets in Crypto-Assets Regulation and issued by a regulated electronic money institution under the supervision of France’s ACPR, a subdivision of the central bank. EURØP is fully collateralized by reserves at major institutions like Societe Generale and audited by KPMG

The launch was dubbed “the next wave of financial innovation happening on-chain” by Schuman CEO Martin Bruncko, who also commended XRPL’s strong infrastructure, which has already processed over 3 billion transactions across 200 independent validators.

GME Stock Eyes $45 Then $65 after GameStop Blasts Past $33 on DBK AG, Bitcoin Hype

Posted on May 22, 2025May 25, 2025 by Skerdian Meta

GameStop stock has risen substantially once more, backed by growing crypto mania, significant institutional investment, and speculative interest in Bitcoin exposure. Continue reading “GME Stock Eyes $45 Then $65 after GameStop Blasts Past $33 on DBK AG, Bitcoin Hype” →