Ripple’s post-SEC rebound is drawing Wall Street backing, including a $40 billion valuation deal with downside protection— and some investors betting on XRP.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Crypto Biz: How Ripple quietly convinced Wall Street - News
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Figure Technology files ‘second IPO’ to bring native equity issuance to Solana Figure is planning a second IPO to issue blockchain-native equity on Solana, enabling onchain trading and DeFi use cases beyond traditional stock markets.
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HIVE tests investor appetite for AI-Bitcoin infrastructure in Andean markets HIVE’s Colombia listing provides Andean investors with access to the growing digital infrastructure sector as Bitcoin miners shift their focus toward AI and HPC.
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Texas grid is heating up again, this time from AI, not Bitcoin miners ERCOT reported a record surge in large-load requests, with AI data centers surpassing Bitcoin miners and reshaping Texas’ grid planning and reliability outlook.
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ChronoForge to shut down amid funding collapse and Web3 gaming turmoil ChronoForge’s shutdown highlights mounting financial strain across Web3 gaming as shrinking budgets and dismal market sentiment take their toll.
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Real Finance secures $29M to build institutional rails for tokenized assets Real Finance’s raise comes as tokenization accelerates and institutions push deeper into RWAs, including fast-growing money market funds.
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Bitwise crypto index fund moves from over-the-counter to NYSE Arca for trading Bitwise’s crypto index fund moves from OTC markets to NYSE Arca, marking another step in bringing diversified digital asset products onto regulated exchanges.
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Circle moves toward privacy-focused stablecoin with USDCx project A new Circle–Aleo stablecoin project highlights the growing demand for privacy features as companies weigh blockchain use against the risks of transparency.
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CoreWeave plans $2B note offering to scale AI business while managing dilution CoreWeave plans a $2 billion convertible note offering as it scales AI infrastructure, following a yearlong pursuit of Core Scientific for added power capacity.
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Tether's USDt awarded key regulatory status in Abu Dhabi ADGM’s recognition of USDT as an accepted fiat-referenced token lets licensed companies offer regulated custody, marking a step for stablecoins in the UAE.
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Wall Street piles in: How Ripple’s quiet pivot led to a $40B valuation Ripple’s $500 million raise shows its post-SEC shift is working, as Wall Street piles in under a deal reportedly offering rare protections and guaranteed returns.
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Crypto’s other halving: Bittensor’s first 4-year cycle seen as ‘maturation’ milestone Bittensor’s first token halving is scheduled for Dec. 14, reducing TAO issuance by half as the AI-focused network adopts a Bitcoin-style fixed supply model.
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WisdomTree brings options income strategy onchain with new tokenized fund The asset manager’s EPXC fund tokenizes a cash-secured put-writing strategy, signaling deeper integration between traditional market products and blockchain.
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VC Roundup: Big money, few deals as crypto venture funding dries up Crypto venture funding was weak in November, with only a few major raises driving totals, as overall deal activity reached one of its lowest points this year.
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Tether solvency fears are ‘misplaced’ as company sits on large surplus: CoinShares James Butterfill counters claims about Tether’s solvency, pointing to a multibillion-dollar surplus despite new criticism from Arthur Hayes and S&P Global.
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Crypto Biz: Mining weakness tests Bitcoin’s market cycle Bitcoin miners face record margin pressure as proxy stocks sink, Kalshi lands $1B funding and Ether derivatives volumes overtake Bitcoin on CME.
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Polish lawmakers fail to revive controversial crypto bill after presidential veto Poland’s parliament upheld a veto on the Crypto-Asset Market Act, delaying EU-aligned regulation and deepening divisions over security and innovation.
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In wake of crypto’s leverage wipeout, SEC approves ‘SUI-on-steroids’ ETF The SEC approved a 2x leveraged ETF tied to SUI as regulators warn that excessive leverage continues to amplify volatility across crypto markets.
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Twenty One Capital eyes Tuesday debut following Cantor Equity Partners merger Bitcoin-focused Twenty One Capital is set to go public on the NYSE after winning shareholder approval for its merger with Cantor Equity Partners.
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US stablecoin rules split global liquidity with Europe, CertiK warns US stablecoin rules under the GENIUS Act are splitting global liquidity with Europe, creating regional markets and potentially leading to cross-border friction, a report says.
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CleanSpark lifts output and power as Bitcoin miners face strain November production rose 11% and contracted power topped 1.4 GW, even as falling Bitcoin prices and tighter margins pressure the mining sector.
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CME launches Bitcoin volatility index as institutional crypto trading matures CME has rolled out new crypto benchmarks, including a Bitcoin volatility index designed to sharpen risk pricing across futures and options markets.
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American Bitcoin stock tumbles 50% as BTC proxy trade unravels ABTC shares plunged by more than 50% in early trading as the broader crypto market downturn triggered a sharp repricing of mining and treasury stocks.
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Identity checks to power AI stablecoin payments added to Coinbase-incubated x402 Concordium has added ID checks to stablecoin payments, enabling AI systems to purchase restricted goods and services online.
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CME rekindles ETH ‘super-cycle’ debate as Ether futures volume tops Bitcoin Ether futures overtake Bitcoin on CME as ETH volatility spikes, fueling debate over a potential Ether super-cycle amid a broader crypto market pullback.
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Bitcoin miners enter ‘harshest margin environment of all time’ Mining revenue hits structural lows as hashprice sinks, costs rise and payback periods stretch past 1,000 days, squeezing even the largest operators.
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Crypto Biz: Is this what a bear market looks like? (Spoiler: No) Bitcoin's price dips below $90,000, yet Republic and Kraken ink nine-figure deals. If this is a bear market, someone forgot to tell big money.
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Republic raises $100M for ETH purchases under unusual zero-interest deal Republic Technologies secured a zero-interest convertible loan to expand its Ether holdings, a structure that could limit shareholder dilution.
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‘Volatility is your friend’: Eric Trump not bothered by Bitcoin, crypto carnage Eric Trump shrugs off an extended crypto sell-off as American Bitcoin ramps up its holdings and climbs into the top ranks of public BTC treasuries.