Category: Stock Market

Alphabet’s AI Windfall Turns Philanthropic: GOOG’s Founder $1.1B Stock Donation Breakdown

Posted on by Olumide Adesina

Sergey Brin sold Alphabet stock worth over $1.1 billion this week, with most of the proceeds going to a charity founded by the Google co-founder.

 

A regulatory filing that revealed the donation on Friday did not specify the recipient of the more than 3.5 million shares. A representative for Brin’s family office states that Catalyst4, which Brin started in 2021 to fund research into central nervous system disorders and climate change solutions, will receive about $1 billion in stock.

Brin is also donating roughly $90 million to his family foundation and $45 million to the Michael J. Fox Foundation for Parkinson’s disease research. Brin previously donated $700 million worth of Alphabet shares to the same three charities in May.

According to the Bloomberg Billionaires Index, Brin, 52, has a fortune of $255.5 billion, making him the fourth richest person in the world.

Thanks to an increase in Alphabet shares, which hit a high of $323 on Tuesday due to the company’s advances in artificial intelligence, his net worth has soared this year. Brin’s wealth has grown by $97.3 billion this year, and he owns about 6% of the company overall.

Google Co-Founder’s $1.1 Billion Stock Gift: Philanthropy Hits Peak AI Boom

Posted on by Olumide Adesina

Sergey Brin sold Alphabet stock worth over $1.1 billion this week, with most of the proceeds going to a charity founded by the Google co-founder.

 

A regulatory filing that revealed the donation on Friday did not specify the recipient of the more than 3.5 million shares. A representative for Brin’s family office states that Catalyst4, which Brin started in 2021 to fund research into central nervous system disorders and climate change solutions, will receive about $1 billion in stock.

Brin is also donating roughly $90 million to his family foundation and $45 million to the Michael J. Fox Foundation for Parkinson’s disease research. Brin previously donated $700 million worth of Alphabet shares to the same three charities in May.

According to the Bloomberg Billionaires Index, Brin, 52, has a fortune of $255.5 billion, making him the fourth richest person in the world.

Thanks to an increase in Alphabet shares, which hit a high of $323 on Tuesday due to the company’s advances in artificial intelligence, his net worth has soared this year. Brin’s wealth has grown by $97.3 billion this year, and he owns about 6% of the company overall.

Prosus Share Price JSE Extends the Fall, Breaking Uptrend, but Fundamentals Hold Steady

Posted on by Skerdian Meta

Prosus entered late 2025 with exceptional momentum, but market turbulence has interrupted what had been one of the JSE’s strongest rallies of the year. Continue reading “Prosus Share Price JSE Extends the Fall, Breaking Uptrend, but Fundamentals Hold Steady” →

XRP Exodus: Binance Reserves Plunge 10% in 7 Weeks—HODLers Strike Back!

Posted on by Olumide Adesina

XRP reserves held on Binance have significantly decreased in recent weeks, signaling increased pressure on the liquid exchange supply. CryptoQuant’s XRP exchange reserves fell from about 3 billion tokens in mid-October to just 2.71 billion, coinciding with a persistent slowdown in price momentum

Exchange-held reserves have declined alongside the steady drop in XRP’s price since early November, suggesting a possible inverse relationship between available liquidity and investor confidence.

A reduced supply can ease sell-side pressure and boost price responsiveness in case of renewed demand, which is why declining exchange reserves are generally viewed as a long-term bullish sign.

However, this move also highlights the fragility of short-term sentiment, as market players remain hesitant to invest until XRP breaks above key resistance levels, most notably the $2.40–$2.50 range, which has halted several upward attempts this month.

Roger Bayston, Head of Digital Assets at Franklin Templeton, aims to offer clients packaged investments that include a comprehensive cryptocurrency portfolio.

Diversification might be what attracts significant attention this year, Bayston told The Block.

He also mentioned that there will be many ETF options and diversified portfolios, describing single-asset ETFs as “super interesting” with “a lot of community enthusiasm.” Grayscale and Franklin Templeton’s new spot XRP ETFs each drew over $60 million on their first day of trading.

Financial institutions have shown strong interest in launching altcoin-based funds that track well-known tokens like XRP, Solana, and Dogecoin, following the success of Bitcoin and Ethereum ETFs. Bayston expressed enthusiasm about the next phase Franklin Templeton can offer to its diverse client base, which includes wealth managers and investment advisors.

Historically, accumulation from high-net-worth clients and custodial platforms seeking low entry points has increased after supply reductions on major exchanges like Binance.

Nonetheless, momentum in the broader altcoin markets remains weak, aligning with increased macroeconomic uncertainty ahead of the Federal Reserve meeting in December.

XRP is currently trading near its two-week moving average, indicating sideways consolidation. Exchange reserves are at their lowest level since August, making it more critical whether XRP can hold support above $2.15. Below this level, a breakdown could happen.