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Ripple is reportedly seeking to raise at least $1 billion to establish an XRP treasury and confirmed a separate $1 billion acquisition of treasury management systems firm GTreasury. Ripple plans to raise the funds for its XRP treasury via a special purpose acquisition company (SPAC) and may contribute some of its own XRP holdings to the new entity, Bloomberg reported, citing people familiar with the matter. Ripple already holds 4.7 billion XRP, worth about $11 billion, and there are another 35.9 billion tokens that sit in an on-ledger escrow that unlock over time. If the new treasury is established, it could become one of the largest dedicated to XRP, and would be double the size of the XRP treasury that Singapore-based Trident Digital announced in June. Ripple Looks To Unlock $120 Trillion Corporate Treasury Market The plan to create a $1 billion XRP treasury company coincides with Ripple’s acquisition of Chicago-based GTreasury, which provides treasury management system sof...

The Pentagon announced on Monday that it plans to invest $1 billion in critical minerals in 2025. The investments are part of efforts to secure the supply of materials essential for national security, including those used in military and defense technologies. This initiative is motivated by the increasing importance of minerals in technologies used in electric vehicles (EVs), solar panels, advanced computing, and weapons systems. Also Read: Morgan Stanley Predicts Steep Dip For S&P 500 Index This Month Pentagon To Invest $1 Billion in These 17 Critical Minerals Source: History Below is the full list of critical minerals that the Pentagon will invest $1 billion in: Rare Earth Elements (REEs) – Neodymium – Used in high-strength permanent magnets. – Dysprosium – Used to enhance magnets’ performance at high temperatures. – Terbium – Often used in electronics and display technologies. – Lanthanum – Critical for batteries and hydrogen storage. – Samari...