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Ripple Applies for Custody and Wallet Trademark, Expanding Crypto Custody Business

8 hours ago

On March 18th, Ripple Labs submitted a trademark application for "Ripple Custody." As per the application documents, this trademark encompasses financial services such as the storage and management of cryptographic assets to fulfill financial management requirements. This trademark application comes shortly after Ripple launched custody services in October 2024, indicating that the company is aiming to expand its revenue sources beyond payment settlement. Furthermore, the trademark application also mentions "downloadable cryptocurrency, fiat currency, virtual currency, and digital currency custody, transfer, and storage software," which may imply that Ripple is contemplating launching an official cryptocurrency wallet. Currently, the company has not offered official wallet services. However, if launched, this product may support XRP and other digital assets, creating a new revenue stream through transaction fees. A spokesperson for Ripple declined to comment on the trademark application.
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A certain smart money allegedly liquidated 1,475,000 CAKE tokens 15 hours ago, worth $3.79 million.

On March 18th, as per @ai_9684xtpa's monitoring, a particular smart money wallet is said to have liquidated 1,475,000 CAKE tokens 15 hours ago, with a value of $3.79 million. This represents the first instance of this smart money wallet depositing CAKE into a trading platform. Furthermore, they have previously made a profit of $19.69 million by buying at a low price and selling at a high price on WBTC, with a cost base as low as $26,395.

6 minutes ago

According to @gmgnai, in the past 24 hours, six tokens created on @four_meme_ reached a market cap of over $1M, while only one token from pump.fun surpassed $1M.

According to @gmgnai, in the past 24 hours, six tokens created on @four_meme_ reached a market cap of over $1M, while only one token from pump.fun surpassed $1M.

6 minutes ago

The probability of the Federal Reserve maintaining the interest rate unchanged this week is 98%.

On March 18th: Based on CME's "FedWatch" data, the likelihood of the Fed maintaining interest rates in March is 98%, while the probability of a 25-basis-point rate cut is 2%.

6 minutes ago

BMT Breaks Above $0.18, Hits All-Time High

On March 18th, based on the GMGN market data, BMT broke through $0.18 and is currently trading at $0.185, reaching a new all-time high with a 24-hour percentage increase of 102%.

6 minutes ago

Analyst: Bitcoin Price Likely to Bottom Out in a Few Weeks, Rebound to New High Later This Year

On March 18th, David Duong, the Director of Institutional Research at Coinbase, stated that the market generally anticipates that the Federal Reserve will maintain the interest rate unchanged at this week's Federal Open Market Committee meeting. However, investors should pay attention to any potential changes to the Fed's balance sheet reduction (that is, quantitative tightening, QT) plan. In his report on Monday, he wrote, "We think that the Fed may pause or end its quantitative tightening plan because the reserve levels at banks have reached nearly 10-11% of the US GDP, a level generally regarded as sufficient to maintain financial stability." He pointed out that the recent selloff of cryptocurrencies was mainly due to macroeconomic concerns and the deterioration of liquidity conditions. But these factors may improve in the next quarter, providing support for asset prices. "Cryptocurrency prices may reach a bottom in the coming weeks and then rebound to new highs later this year,"

6 minutes ago

Ethereum Layer2 Network Lisk Airdrop Eligibility Check

On March 18th, according to official channels, the Ethereum Layer 2 network Lisk has declared the opening of eligibility inquiries for airdrops. Users are able to check whether they are eligible to receive the first season of LSK rewards by inputting their wallet addresses.

6 minutes ago

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