Hold onto your digital wallets, folks! XRP just crashed the party in Galaxy Digital’s $3.56 billion crypto clubhouse, anchored by a cool $97 million Ripple slice. Who knew institutional trust came with a side of courtroom intrigue? 🍿
XRP Struts Its Stuff in Galaxy’s Wallet-And It’s Not Just for Show
According to some fancy document called the SEC’s “we might still be confused” form (ahem, Form 10-Q), Galaxy Digital holds 15.39 million XRP tokens, worth about $34.4 million-because apparently, that’s the going rate for a digital asset that’s been through legal wrangling and existential crises. It’s even one of their big hitters, sitting comfortably among a lineup that includes Bitcoin (because why not?), USDC, ETH, SOL, and a mysterious HYPE (which, frankly, sounds like a dance move). The grand total of their crypto fortune? $3.56 billion-probably enough to buy the moon (or at least a really fancy moon-shaped cookie). 🌙🍪
Now, for the plot twist-regulation and XRP go together like cats and cucumbers. The SEC, in its infinite wisdom (or confusion, you be the judge), filed a lawsuit accusing Ripple of unregistered sales of $1.3 billion-because apparently, money changing hands without a giant stamp is suspicious. The court decided XRP itself isn’t a security, but some of Ripple’s sales looked about as innocent as a fox in a henhouse. The SEC still wants its pound of digital flesh, and the court drama isn’t over yet, but Galaxy seems to think the legal spaghetti might be clearing up-maybe. 🥴
In addition to their XRP love affair, Galaxy’s also got a hefty Ripple stake-more than 5% of their investments as of June 30, 2025, making Ripple basically the ‘ex’ they just can’t forget. They said: “Ripple? You’re still our favorite ex,” and all the while, Ripple’s ambitions swirl around blockchain for cross-border payments, fancy tokenized stuff, and making sure regulations are more like suggestions than rules. Because nothing says “trust” like a court case and a fancy investment. 💸
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2025-08-07 04:07