1h ago
Ripple Plans $750M Share Buyback at Approximate $50B Valuation as New Partnerships Advance
Ripple is preparing a share repurchase program of up to $750 million from employees and existing investors at an implied valuation near $50 billion. The company, which previously raised $500 million at a $40 billion valuation in November, has also joined Mastercard's new Crypto Partner Program and is moving to acquire BC Payments Australia Pty Ltd to pursue an Australian Financial Services License.
XRP
XRP-0.04%
1h ago
1h ago
Ripple Starts $750 Million Share Buyback, Lifting Private Valuation To $50 Billion
Ripple has launched a new share repurchase plan of up to $750 million from investors and employees, placing the blockchain payments company at a $50 billion valuation. The program, reported on Wednesday and set to run through April, follows a prior September effort to buy back $1 billion in shares that saw limited shareholder participation. Following the latest announcement, XRP briefly recovered to around $1.39, even as the asset continues to show losses over recent multi‑week periods.
XRP
XRP-0.04%
1h ago
1h ago
Wells Fargo's WFUSD trademark targets crypto trading, payments and tokenization
Wells Fargo has filed a U.S. trademark application for the "WFUSD" brand, covering cryptocurrency trading, payments and tokenization software. The move is seen as positioning for a dollar-linked digital asset that could take the form of a stablecoin or tokenized deposits, but no product structure or launch timeline has been confirmed. Regulators such as the OCC and Federal Reserve have not issued public statements specifically addressing WFUSD, leaving its eventual oversight framework unclear.
1h ago
1h ago
Ripple launches $750 million share repurchase at $50 billion valuation as new tender offer opens
Ripple has initiated a share repurchase of up to $750 million that values the company at $50 billion, according to a person with direct knowledge of the transaction. The tender offer will allow existing investors and employees to sell shares back to the blockchain payments firm and is expected to run through April. The move follows a prior $1 billion buyback attempt and comes after Ripple's $500 million funding round at a $40 billion valuation in November.
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XRP
XRP-0.04%
1h ago
2h ago
Bitwise CIO Matt Hougan Outlines Math Behind a Potential $1 Million Bitcoin Price Target
Bitwise CIO Matt Hougan argues that Bitcoin could reach $1 million if it secures around 17% of a projected $121 trillion global store-of-value market. He bases this on the market's historical growth, gold's expansion since 2004, and Bitcoin's fixed 21 million supply, while stressing that slower market growth or limited BTC adoption remain key risks. Hougan also notes that stronger demand for alternative stores of value could push Bitcoin prices even higher than his base case.
BTC
BTC+0.36%
2h ago
2h ago
Binance challenges WSJ over Iran report as DOJ reviews $1 billion flows, Bitwise CIO outlines path to $1 million bitcoin
The U.S. Department of Justice is reportedly examining whether more than $1 billion in crypto flows tied to Iran moved through Binance, while the exchange has filed a defamation suit against The Wall Street Journal over a prior article on Iran-linked activity. Bitwise CIO Matt Hougan argues bitcoin could eventually reach $1 million as it gains share in a multi-trillion dollar store-of-value market, and Ripple, Aave and Wells Fargo each unveiled moves shaping regulation, risk, and tokenization.
BTC
BTC+0.36%
2h ago
2h ago
Analysts say higher March CPI already reflected in Bitcoin price outlook
Market analysts at 21Shares say the latest rise in the U.S. consumer price index for February was in line with expectations and that higher March inflation readings are already factored into Bitcoin's price. Following the February CPI report, crypto markets, including Bitcoin, remained resilient, while 21Shares strategists see BTC trading between $68,000 and $74,000 in the near term with a possible move toward the $75,000–$80,000 range if key resistance is broken.
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BTC
BTC+0.36%
2h ago
2h ago
Bitcoin SV tests key $17.53 resistance after 20% price jump and 300% volume spike
Bitcoin SV climbed over 20% in the last 24 hours, with trading volume up more than 300% and daily turnover surpassing $57.5 million as its price approached the $17.53 resistance area. After rebounding from the $13 demand zone and forming a double-bottom pattern, BSV now shows early recovery signs supported by rising open interest and slightly bullish positioning among top derivatives traders.
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BCH
BCH+2.09%
2h ago