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

13 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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FTX Creditor Representative: Scammers Posing as FTX Have Sent Phishing Emails to Creditors Recently

On March 18th, according to FTX creditor representative Sunil, scammers have recently been impersonating FTX and sending phishing emails to creditors. Sunil reminded creditors as follows: 1) Do not click on any links within the email, as these links may direct you to a fake claims portal. 2) Verify the sender's email address. 3) Access the official claims portal or official website directly instead of using email links. 4) Verify information through X (formerly Twitter) and Telegram channels.

3 minutes ago

Leverage Whale with 50x Leverage has liquidated a short position of 6210.89 BTC, expecting a profit of $9.46 million

On March 18th, based on LookOnChain's monitoring, a whale with a 50x leverage for taking profits has liquidated a short position of 6210.89 BTC, anticipating a profit of 9.46 million USD.

3 minutes ago

Polkadot Treasury Allocates $3.5 Million to Incentivize DOT and vDOT Liquidity Across Multiple Blockchains

March 18th. The Polkadot Treasury Proposal #1439, which was initiated by Bifrost and Hyperbridge, was approved the day before yesterday. This proposal intends to allocate 3.5 million US dollars (approximately 25 million RMB) to the top DEX collaborations in the Ethereum, Arbitrum, Base, and BSC blockchain ecosystems for providing liquidity of DOT and vDOT (DOT LST). Developers can utilize this liquidity for cross-chain composability and application development related to DOT/vDOT in the aforementioned blockchain ecosystems by using the Hyperbridge cross-chain and Bifrost SLPx SDK, and share the benefits, making full use of Polkadot's cross-chain interoperability.

3 minutes ago

Tether Increases Holding of Bitdeer Shares, Current Ownership Ratio Reaches 21.4%

On March 18th, Tether made a notable increase in its holdings of the leading Bitcoin mining company, Bitdeer Technologies Group. This strategic action underscores Tether's expanding engagement within the Bitcoin mining ecosystem and its diversification of the investment portfolio beyond stablecoin operations. According to the recent filings submitted to the U.S. Securities and Exchange Commission (SEC), Tether and its subsidiaries currently hold a total of 31,891,689 shares of Bitdeer's Class A common stock, which accounts for approximately 21.4% of the total number of shares issued by the company. Previously, in May 2024, Tether acquired $100 million worth of Bitdeer shares through a private placement and has the option to purchase an additional $50 million worth of shares within a 12-month period. It is reported that the relationship between Tether and Bitdeer is not merely a passive investment but rather a strategic partnership aimed at bolstering the Bitcoin infrastructure. By ob

3 minutes ago

Japanese publicly listed company Metaplanet has announced the purchase of an additional 150 Bitcoins, bringing its total holdings to 3,200 Bitcoins.

On March 18th, as per Metaplanet, the company has made an announcement that it has further acquired 150 bitcoins. Subsequent to this acquisition, Metaplanet's overall bitcoin holdings have reached 3200 coins.

3 minutes ago

Avalon's early investors/team deposited 3.5 million AVL into Bybit

On March 18th, as monitored by The Data Nerd, 7 hours ago, an early investor / team of Avalon #Bybit made a deposit of 3.5 million AVL (approximately $1.58 million). Up to now, this wallet still holds 6 million AVL (approximately $2.55 million).

3 minutes ago

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