Lookonchain APP

App Store
Feeds Articles

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.
Add to Favorites Download image Share x Copy link
Relevant content

Crypto.com forcibly pushed through a controversial vote to reissue 70 billion destroyed CRO tokens

On March 18th, the final voting result regarding "Crypto.com to Reissue 70 Billion Burned CRO Tokens" was as follows: 61.18% in favor, 17.61% against, 20.11% abstained, and 0.11% vetoed. The participation rate of the vote ultimately reached 70.18%. After the vote was passed, the Cronos blockchain will undergo an upgrade tomorrow. At that time, 70 billion new CRO tokens will be minted. These upcoming tokens will be gradually unlocked over a period of five years for various purposes, including providing funding for a potential CRO ETF. However, this is not the only action by the Crypto.com team. Just one day after the end of the vote, the team proposed another action to burn 50 million CRO, following the previous three rounds of token burns of the same amount. The vote for this new proposal will take place over the next two weeks. (unchained)

3 minutes ago

Myshell Market Maker Buyback Address has withdrawn 18.45 million SHELL from a CEX, approximately $5.43 million

On March 18th, based on the monitoring of @ai_9684xtpa, the address that had previously accumulated SHELL was actually the buyback address of a liquidity provider. The Myshell project team had previously announced a plan to use 8 million USDT to buy back SHELL and complete the buyback within 90 days. Since March 13th, this address has withdrawn a total of 18.45 million SHELL from a centralized exchange (CEX), approximately 5.43 million USDT, achieving 68% of the buyback progress.

3 minutes ago

Metaplanet to Issue ￥20 Billion Interest-Free Bond to Increase Bitcoin Holdings

On March 18th, the Japanese listed company Metaplanet announced that it will issue a ￥2 billion (approximately $13.38 million) interest-free straight bond in order to increase its holdings of Bitcoin.

3 minutes ago

Cryptocurrency Market FUD Eases Slightly, Today's Fear and Greed Index at 34

On March 18th, based on alternative data, the cryptocurrency fear and greed index for today is 34 (yesterday it was 32), suggesting a slight alleviation of market fear. Note: The threshold of the fear index is 0-100 and encompasses the following indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).

3 minutes ago

US Bitcoin Spot ETF recorded a net inflow of $274.59 million yesterday

On March 18th, according to the monitoring data of Trader T, there was a net inflow of $274.59 million in the US Bitcoin spot ETF yesterday.

3 minutes ago

The SEC Cryptocurrency Working Group will hold its inaugural roundtable meeting this week.

On March 18th, as per official channels, the U.S. Securities and Exchange Commission (SEC) declared that the SEC Cryptocurrency Working Group is set to host a series of roundtable discussions with the aim of delving into the key domains of cryptocurrency regulation. The initial roundtable discussion is scheduled to be held on March 21, commencing at 1:00 PM and concluding at 5:00 PM local time.

3 minutes ago

Hot feeds

A trader profits $448K by monitoring #Binance's new listings!

2024.12.13 17:37:29

A smart #AI coin trader made $17.6M on $GOAT, $ai16z, $Fartcoin,$arc.

2025.01.05 16:05:18

A $PEPE whale that had been dormant for 600 days transferred all 2.1T $PEPE($52M) to a new address.

2024.12.14 10:35:27

A sniper earned 2,277 $ETH ($8.3M) trading $SHIRO within 18 hours!

2024.12.03 23:09:08

Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

A whale exchanged WIF and Bonk positions for Fartcoin!

2024.12.25 11:01:14

 More

Hot Articles

Follow us

X

Follow

Telegram

Join