Ethereum News Daily Official TheBitTimes.com

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...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Cathie Wood’s ARK Invest is buying the dip in BitMine Immersion Technologies, backing Tom Lee’s Ethereum treasury strategy by socking $15.6 million into the firm after its stock tumbled more than 7% on Wednesday. ARK bought the BitMine shares across three of its ETFs (exchange-traded funds), according to the company’s latest trading filings. These funds are the ARK Innovation ETF (ARKK), the ARK Next Generation Internet ETF (ARKW), and the ARK Fintech Innovation ETF (ARKF).  Cathie Wood’s ARK Invest is aggressively accumulating shares of Bitmine. Bitmine = Ethereum Treasury.$ETH is the Wall Street play right now. Don't be underexposed. pic.twitter.com/6oVC4XGly7 — Ted (@TedPillows) August 16, 2025 ARKK bought 227,569 BitMine shares, while ARKW and AKRF purchased 70,991 and 40,553 shares, respectively.  Lee has rapidly transformed BitMine into the world’s largest corporate Ethereum treasury, holding 1.7 million ETH tokens valued at $...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The seventh edition of JPMorgan's e-Trading Edit asked 835 institutional traders about their plans for trading digital assets in 2023, among other topics. A whopping 72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan. The seventh edition of JPMorgan’s e-Trading Edit surveyed 835 traders from 60 different “global locations” about the technical developments and macroeconomic factors that will influence trading performance in 2023. The survey was conducted between Jan. 3 to Jan. 23, 2023. The survey revealed hesitation among traders around digital assets. Only 14% of respondents said they will either continue to trade in the digital asset market or begin trading this year.  The remaining 14% of respondents, said they didn't plan on investing this year but may do so within the next five years. 92% of the institutional traders surveyed by JPMorgan did not — at the time of the survey — have...