Uphold Clarifies Ownership of Massive XRP Reserves Uphold’s CEO Simon McLoughlin addressed questions surrounding the platform’s nearly $5 billion in XRP holdings. He confirmed these reserves are entirely customer assets and not owned by the exchange. This clarification comes as speculation grew about whether Uphold was accumulating XRP for itself. McLoughlin emphasized that the platform…
XRP’s Performance Over the Last 5 Years Five years ago, in September 2020, XRP was trading at just $0.2435 per token. Fast forward to today, and the coin has reached $2.97. This incredible growth means that a $10,000 investment back then would now be valued at roughly $121,971. While the journey included periods of steep…
SEC’s Ongoing Delays on Ripple ETFs The U.S. Securities and Exchange Commission (SEC) has once again pushed back decisions on multiple spot Ripple (XRP) ETF applications. Franklin Templeton’s XRP ETF filing was the most recent to be postponed, moving its decision deadline to November instead of September 17. These delays follow a broader pattern where…
The SEC Lawsuit That Nearly Crushed XRP In December 2020, XRP was hit with a devastating SEC lawsuit accusing Ripple Labs of selling $1.3 billion in unregistered securities. The case caused XRP’s price to collapse by more than 60% and triggered widespread delistings from major exchanges. For many, it looked like the beginning of the…
Mysten Labs Meets the SEC’s Crypto Task Force In September 2025, Mysten Labs, the team behind the Sui blockchain, met with the SEC’s Crypto Task Force. The focus was on addressing regulatory questions tied to SUI and its pending ETF applications. The discussion centered on Sui’s utility-first approach, aiming to showcase its role as a…
Mysten Labs Engages SEC Over Sui’s Future Sui blockchain developer Mysten Labs met with the SEC’s Crypto Task Force on September 9, joined by legal representatives from Sidley Austin LLP. The meeting centered on crypto regulations and highlighted Sui’s role in decentralized innovation. The firm’s proactive move comes as regulators weigh applications for a spot…
Soaring Confidence in XRP ETF Approval XRP is gaining momentum in financial markets as optimism over a spot ETF approval continues to rise. Data from prediction market Polymarket shows approval odds climbing to 94% on Sept. 7, up from 86.8% at the end of August. This sharp increase reflects growing investor belief that the SEC…
Ripple Finally Wins Legal Clarity After nearly five years of courtroom battles, Ripple has resolved its dispute with the US Securities and Exchange Commission (SEC). The dismissal of appeals in August 2025 leaves XRP programmatic sales legally classified as non-securities, giving Ripple a regulatory clarity that few crypto projects enjoy. This resolution marks a turning…
SEC Extends Review of 21Shares SUI ETF The U.S. Securities and Exchange Commission has pushed back its decision on the 21Shares SUI ETF until late December 2025. Originally filed in May, the fund aims to track the Sui blockchain’s native token using a benchmark from CF Benchmarks, with Coinbase Custody and BitGo acting as custodians.…
The Catalyst for Grayscale’s Strategic Move The cryptocurrency market is at an inflection point, with major asset management firms like Grayscale Investments making strategic moves that could have profound long-term effects. Grayscale’s application for an XRP Trust ETF is a calculated maneuver that comes at a highly opportune time. It is not an isolated event…
