Ripple Labs is reportedly leading an effort to raise at least $1 billion through a special-purpose vehicle aimed at accumulating XRP, according to Bloomberg. The raise will be conducted via a special purpose acquisition company (SPAC), with funds held inside a new digital-asset treasury (DAT) structure. Ripple itself plans to contribute a portion of its own XRP holdings, per the report, though final terms remain under discussion. If completed, the move would represent one of the largest single fundraises ...

Federal governor Michael Barr raised concerns about stablecoins. He acknowledged the benefits of innovation, but flagged risks related to "the fragility of private money." The stablecoin ecosystem within the wider crypto space has boomed this year. A top central bank official has some concerns about a booming corner of the cryptocurrency market. Speaking at DC Fintech Week on Thursday, Federal Reserve Gov. Michael Barr said he had some concerns about stablecoins and their effect on broader financi ...

Lawmakers in Florida are looking to give the state a new kind of financial tool. A new proposal would allow pension funds and other public investment pools to put money into bitcoin and crypto exchange-traded funds. If passed, the state’s Chief Financial Officer and the State Board of Administration would be able to allocate up to 10 percent of these funds into digital assets. It’s a notable shift for a state that has typically stuck to traditional investment strategies. Jimmy Patronis Makes the First Mov ...

Japan is poised to rewrite the rules of crypto oversight, moving to curb crypto insider trading as part of a broader push to bring digital markets into its orbit. The country's Financial Services Agency plans to empower its market watchdog, the Securities and Exchange Surveillance Commission, to police illicit crypto trades, in a shift that could reshape global standards for market integrity. The framework is slated to be finalized this year and submitted to parliament by 2026. Once formalized, it would ex ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Tom Lee, chair of BitMine Immersion Technologies Inc. (AMEX:BMNR), has sounded the alarm on digital asset treasuries, warning that the sector is "running out of steam" as valuations collapse. Digital Asset Treasuries Face Reckoning Speaking on Fortune's Crypto Playbook podcast, Lee argued that the digital asset treasury, or DAT, trend that defined the past two years has run out of momentum. These companies ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. U.S. president Donald Trump has reportedly built a crypto empire worth more than $1 billion, according to a Financial Times investigation, with family-run ventures spanning memecoins, stablecoins, and tokenized finance. The Rise Of The "Crypto President" According to a report published on Thursday, Trump and his family have earned over $1 billion in pre-tax profits through ventures spanning memecoins, sta ...

In April, stablecoin issuer Tether froze $44.7 million in USDT at the request of Bulgarian police. Now, a company is suing to get it back. Riverstone Consultancy Inc. a firm based in Houston, Texas, has accused Tether of illegally freezing the tokens. Riverstone has missed out on unnamed investment opportunities as a result, according to the lawsuit. The lawsuit casts a spotlight on an issue facing centralized stablecoin issuers: how quickly should they honour law enforcement requests when crypto transa ...

Wall Street veteran Tom Lee dropped a major hint on risk assets ahead of President Donald Trump's announcement from the Oval Office scheduled at 3:00 PM EST on Oct. 16. While the White House hasn't specified what topics the president will address, he has recently been vocal about the government shutdown, the wars in the Middle East and Europe, and crime in the U.S. Notably, it was Trump's aggressive tariff rhetoric against China that wiped out nearly $20 billion from the crypto market on Oct. 10. During ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. XRP (CRYPTO: XRP) is at the center of one of the biggest institutional bets in crypto history, with 13 ETF filings awaiting SEC review just as on-chain flows flatline and charts coil for a breakout.  Wall Street Titans Line Up With 13 XRP ETF Filings Filings span both spot and futures products. WisdomTree, Grayscale, and Franklin Templeton headline the list, with combined assets under management exceeding $ ...

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Gemini Space Station, Inc. (Gemini) (NASDAQ: GEMI), a global crypto platform, today announced it will release its third quarter 2025 financial results at approximately 4:05 pm ET on Monday, November 10, 2025. Management will host a conference call on the same day (November 10, 2025) at 5:00 pm ET to discuss the results. The event will be webcast live via our investor relations website https://investors.gemini.com/ or via this link. Parties interested in joining vi ...