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

15 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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The address withdrew 1295 MKR and 150,000 UNI from Binance one hour ago.

On March 18th, as monitored by The Data Nerd, one hour ago, a newly established address withdrew 1,295 MKR (approximately $1.58 million) and 150,000 UNI (approximately $942,000) from Binance. Within two days, this address has amassed a total of 3,030 MKR (approximately $3.64 million) and 524,000 UNI (approximately $3.25 million).

1 seconds ago

ENA Unlock Address deposited 13.71 million ENA to Binance 2 hours ago

On March 18th, as per the monitoring of @ai_9684xtpa, 2 hours ago, 13.71 million ENA was deposited into Binance from the ENA unlocking address, with a value of $5.07 million.
This fund was received from the project's multi-signature wallet on the ENA token unlocking day. On March 7th, the total amount of ENA was as high as 2.07 billion ENA, and there was no interaction in between.

1 seconds ago

IntoTheBlock: Ethereum MVRV Ratio at Bear Market Levels

On March 18th, based on the data from IntoTheBlock, the MVRV Ratio of Ethereum is approximately 0.9, which is at a bearish level. BlockBeats Note: MVRV is an indicator used to compare an asset's current market value with its realized value, providing insights into whether the asset is overvalued or undervalued. This indicator helps identify points of extreme market sentiment - whether the asset's trading price is above or below the average investor's buy-in cost. When the MVRV value is high, it generally indicates that the asset is overvalued and may enter a profit-taking phase; while a low MVRV value typically suggests undervaluation and presents a buying opportunity.

1 seconds ago

ZachXBT: The "50x Leverage Profit Whale" is actually an online criminal

On March 18th, the blockchain sleuth ZachXBT mentioned that the so-called "50x Leverage Profit Whale" that is being talked about in the market is actually a cybercriminal who is utilizing stolen funds for gambling. Additionally, ZachXBT also excluded the possibility that the address is related to the North Korean hacking group Lazarus Group.

1 seconds ago

Kremlin: Putin's Call with Trump to Take Place Tonight, 9-11 PM Beijing Time

On March 18th, the Kremlin announced that Putin's phone call with Trump will occur between 13:00 and 15:00 Greenwich Mean Time (9 - 11 pm Beijing Time this evening). (FX168) Before this, the Kremlin spokesperson Peskov stated that the phone conversation between Russian President Putin and US President Trump is being prepared, with a focus on the agenda's topics, mainly discussing mediating the Ukraine issue.

1 seconds ago

Aave Community Proposes "Deploying Aave V3 on Plasma" ARFC

On March 18th, the Aave community launched an ARFC proposal to "Deploy Aave V3 on Plasma." Once the deployment of Aave on Plasma is confirmed, the Plasma Foundation will allocate 10 million USDT and make sure that in future incentive activities, Aave is the sole lending protocol to receive incentive allocations.

1 seconds ago

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