CEO Brad Garlinghouse confirmed Ripple owns over $100 billion in XRP.
The recent transfer is larger than the total amount it sent in December 2024.
Ripple, a San Francisco-based blockchain company, recently
transferred $682 million worth of XRP to an unknown wallet, according to data
from Whale Alert, a service that tracks large cryptocurrency transactions.
Meanwhile, XRPUSD has been moving upward on the intraday
charts following a decline yesterday (Thursday).
XRP Transfer Marks First Major Move Since December
This marks the company's first major transfer since December
21, when it sent over $200 million XRP in two transactions. The latest transfer
surpasses the total amount Ripple sent in December.
Ripple's CEO Brad Garlinghouse has confirmed the company holds
more than $100 billion worth of XRP tokens, which he suggests should be
considered when valuing the company, as reported by U.Today.
XRPUSD Holds Support, Eyes Bullish Rebound
XRPUSD experienced a bearish session yesterday. On the H1
chart, the price attempted to breach the 2.26150 level but retreated to the
support level. Currently, the price is moving upward at a moderate pace. A
bearish breakout below 2.26150 could push the price lower. However, if the
support holds, XRPUSD may end up having a bullish day.
XRPUSD, H1 Chart, Source: TradingView
Ripple's Developments: High-Profile Meetings and
Strategic Partnerships
This high-profile meeting has sparked further speculation
about Ripple’s ongoing legal battle with the US Securities and Exchange
Commission (SEC), which filed a lawsuit against the company in December 2020.
The lawsuit accuses Ripple of selling XRP tokens as unregistered securities,
and the case’s outcome could have significant implications for the regulation
of digital assets in the US.
In another major development, all
banks in Japan are set to adopt Ripple’s XRP Ledger in 2025. The
integration with the Interledger Protocol (ILP), announced by SBI CEO Yoshitaka
Kitao, aims to streamline cross-border payments and currency conversions,
offering a more efficient and cost-effective solution for international
remittances.
Ripple has also made strides in the decentralized
finance (DeFi) space through its partnership with Chainlink. This
collaboration, launched on the Ethereum blockchain, integrates Ripple's RLUSD
stablecoin with DeFi applications such as trading and lending. The RLUSD
stablecoin, pegged to the US dollar, was introduced on both the Ethereum and
XRP Ledger networks last month, with a market capitalization of $72 million,
according to CoinGecko.
Ripple, a San Francisco-based blockchain company, recently
transferred $682 million worth of XRP to an unknown wallet, according to data
from Whale Alert, a service that tracks large cryptocurrency transactions.
Meanwhile, XRPUSD has been moving upward on the intraday
charts following a decline yesterday (Thursday).
XRP Transfer Marks First Major Move Since December
This marks the company's first major transfer since December
21, when it sent over $200 million XRP in two transactions. The latest transfer
surpasses the total amount Ripple sent in December.
Ripple's CEO Brad Garlinghouse has confirmed the company holds
more than $100 billion worth of XRP tokens, which he suggests should be
considered when valuing the company, as reported by U.Today.
XRPUSD Holds Support, Eyes Bullish Rebound
XRPUSD experienced a bearish session yesterday. On the H1
chart, the price attempted to breach the 2.26150 level but retreated to the
support level. Currently, the price is moving upward at a moderate pace. A
bearish breakout below 2.26150 could push the price lower. However, if the
support holds, XRPUSD may end up having a bullish day.
XRPUSD, H1 Chart, Source: TradingView
Ripple's Developments: High-Profile Meetings and
Strategic Partnerships
This high-profile meeting has sparked further speculation
about Ripple’s ongoing legal battle with the US Securities and Exchange
Commission (SEC), which filed a lawsuit against the company in December 2020.
The lawsuit accuses Ripple of selling XRP tokens as unregistered securities,
and the case’s outcome could have significant implications for the regulation
of digital assets in the US.
In another major development, all
banks in Japan are set to adopt Ripple’s XRP Ledger in 2025. The
integration with the Interledger Protocol (ILP), announced by SBI CEO Yoshitaka
Kitao, aims to streamline cross-border payments and currency conversions,
offering a more efficient and cost-effective solution for international
remittances.
Ripple has also made strides in the decentralized
finance (DeFi) space through its partnership with Chainlink. This
collaboration, launched on the Ethereum blockchain, integrates Ripple's RLUSD
stablecoin with DeFi applications such as trading and lending. The RLUSD
stablecoin, pegged to the US dollar, was introduced on both the Ethereum and
XRP Ledger networks last month, with a market capitalization of $72 million,
according to CoinGecko.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
