rippleceo

#BTC Ripple Labs has reinforced its market standing with a $285 million share buyback
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Ripple's financial position remains strong
Ripple's previous buyback
#RippleLabs , the cryptocurrency giant known for its XRPcoins, has announced a substantial buyback of its shares.
The company is set to repurchase $285 million worth of shares from early #investors and employees, according to anonymous two sources cited by Reuters in their Wednesday report. This tender offer propels Ripple's valuation to an impressive $11.3 billion.
Ripple's decision to buy back shares is a strategic move to strengthen investor confidence and assert its financial stability.
The #Buyback limits investors to selling only up to 6% of their stake. This restriction is a savvy approach to maintaining a balanced shareholder structure.
Ripple's financial position remains strong
#RippleCEO Brad Garlinghouse, emphasized the company's strong financial position, with over $1 billion in cash and $25 billion in crypto assets, primarily XRP.
Despite ongoing legal battles with the U.S. Securities and Exchange Commission, Ripple has demonstrated resilience and growth, recently acquiring Switzerland-based crypto custody firm Metaco for $250 million.
Ripple's previous buyback
Notably, this isn't Ripple's first foray into share buybacks. In early January 2022, the company had previously repurchased shares issued after securing $200 million in funding in 2019.
This earlier buyback, at a valuation of $15 billion, represented a significant increase from the $10 billion valuation at the time of the funding round.
The move not only underscored Ripple's strong market momentum but also suggested a hefty 50% profit for investors in just over two years.

#bitcoinhalving U.Today has prepared a summary of the top three news stories over the weekend.
Bitcoin (#BTC ) eyes $40,000 as it heads for fourth green week in row
To the great delight of all Bitcoin holders, the flagship crypto is setting for its fourth consecutive week in green. Over the last four weeks, Bitcoin has increased in value by more than 40% due to growing anticipation of a spot #etf approval. On Thursday, Nov. 9, $BTC was little under $38,000, its highest price since May 2022. However, as of now, the biggest crypto by market cap is still only around halfway to regaining its peak of nearly $69,000, the level it reached during the 2021 crypto mania. Currently, traders are aiming for the $40,000 price point and higher. Earlier last week, veteran trader Peter Brandt charted out a price target of $43,289 if a flag or pennant pattern validates for Bitcoin.
Horrifyingly realistic Ripple scam emerges on social media
On Sunday, Nov. 12, X platform user with more than 230,000 followers @sentosumosaba shared a warning about a new kind of scam facing the #XRPcommunity . The user posted a video of what appears to be a YouTube ad showing "#RippleCEO Brad Garlinghouse" calling XRP holders to send a minimum of 1,000 XRP and receive double the amount in return. As genuine as the video may seem, this is not the real Garlinghouse's online identity but an alarmingly sophisticated scam that uses AI technology to imitate the Ripple CEO's voice and image. Luckily, some attentive users managed to spot discrepancies in the video's editing and raised an alert.
Shytoshi Kusama signals SHIB's readiness for bull market
In a recent post on his Telegram channel Shibarium Tech, Shytoshi Kusama, pseudonymous lead of the Shiba Inu project, stated that the community is ready to benefit from the anticipated bull market. "I don't think we will miss it," wrote Kusama. The SHIB lead's message comes amid the crypto market's upswing, with Bitcoin's price surpassing $37,000 and rising optimism for imminent spot ETF approval. Kusama provided a clear vision for the project's course, assuring SHIB holders that the necessary steps are being taken to take advantage of favorable market conditions. "We are on schedule to complete our work in it. But only with your help," Kusama stressed.

#Launchpool Ripple CEO and CFTC commissioner to host epic crypto discussion in Davos
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Ripple has announced that its #Ceo , Brad Garlinghouse, will be sharing the stage with Caroline D. Pham, a commissioner of the Commodity Futures Trading Commission (#CFTC ), the federal agency that oversees the derivatives markets, including futures, options and swaps.
Garlinghouse and Pham will speak on Tuesday at 4:20 p.m. CET in a session titled "Crypto at a Crossroads: Future-proofing Digital Assets" at Bloomberg House in Davos. The event will be livestreamed on YouTube.
LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9
— Brad Garlinghouse (@bgarlinghouse) January 16, 2024
The World Economic Forum (WEF) is presently convening its 54th annual meeting in the Swiss city of Davos. The five-day gathering is attracting participation from international organizations, civil society leaders, social entrepreneurs and the media.
The announcement of Garlinghouse's panel discussion with that of the CFTC commissioner has sparked excitement among the #XRPcommunity , given Ripple's landmark ruling in July 2023 in the SEC lawsuit, which determined $XRP was not a security.
The CFTC, in particular, has been viewed as a more friendly and supportive regulator for the crypto industry, having considered most cryptocurrencies as commodities rather than securities, and has allowed the creation and trading of crypto derivatives products, such as futures and options.
The visit of the CFTC commissioner to Ripple's office in September 2022 sparked a whole lot of excitement and speculation, with Pham stating the visit was part of her "learning tour."
This time, the excitement remains palpable, with expectations that XRP will be projected to the world, and the discussions spearheaded by the #RippleCEO and CFTC commissioner will also pave further ways for more positive developments in the general crypto space.

Michael Arrington, founder of Arrington Capital, said the XRP ecosystem could have “no upper limit” in value if Ripple stays focused on its mission and keeps executing, framing the company’s infrastructure buildout as a long-duration bet on institutional crypto rails rather than a short-term market narrative.
Speaking on Ripple’s Onchain Economy series in an episode published April 20, Arrington argued that Ripple and XRP have been “completely misunderstood” over the past decade, and said the company’s recent push across stablecoins, prime brokerage, acquisitions and product development could help pull more startups and institutional participants into the ecosystem.
Why XRP Is Becoming Crypto’s Infrastructure Standard
Arrington tied that view directly to what he sees as Ripple’s growing role as an infrastructure provider. “A lot of the things that Ripple is doing around XRP, particularly the stablecoin, I think makes it inevitable that we’re going to see an increasing number of these startups focusing on building on that ecosystem as well,” he said. “I think we’ll be there to invest in that evolution.
That framing matters because Arrington was not pitching token primarily as a speculative asset. Instead, he described Ripple’s strategy as an attempt to build foundational market structure for crypto firms and institutions that still lack the tooling available in traditional finance. He said hedge funds operating in digital assets need more robust infrastructure, “not just for compliance,” but for basic market function, custody and execution.
Arrington also pointed to Ripple’s acquisition of Hidden Road, which he referred to as being rebranded as Ripple Prime, as a concrete example of that thesis. “It’s just a prime broker at its essentially. Seems so simple and prime brokers are a dime a dozen in the real world, but in crypto, we’ve never found one that’s very good,” he said. “So it’s going to be a huge business and like a backbone of what Ripple and XRP become. And we need that infrastructure like super badly.
The remarks fit with a broader point Arrington made throughout the interview: that Ripple’s differentiation was visible early, even in the more chaotic phases of crypto’s first major venture cycle. Looking back on 2017, he recalled an ICO market flooded with projects, many of which later failed despite the burst of activity. He said that period helped push him from a traditional Silicon Valley venture fund into crypto full time, and added that he first bought XRP in 2017 when it was trading in the 3-cent to 5-cent range.
$XRP
History will tell the story of XRP and Ripple as a fundamental part of our ecosystem."
Great insight from Michael Arrington on why the institutional focus and mission-driven approach of Ripple matters more than ever.
It’s about building the infrastructure for the future.
He also argued that the public image lagged behind what Ripple was actually building. “Ripple and XRP have been completely misunderstood in the last decade,” Arrington said. “Skeptics of XRP would call it either corporate coin, the banking coin, and I think history will tell a story about XRP and Ripple that’s it’s a fundamental part of our ecosystem.
For Arrington, that misreading has obscured what he described as a mission-driven company that has stayed unusually consistent over time. “If Ripple, which is very mission-focused, has shown that over at least the last decade, can continue to hyperfocus on what their mission is and then execute on that, there is no upper limit on the value of that ecosystem in general,” he said.
At press time, XRP traded at $1.44.
#Ripple #Michael #RippleCEO #RippleUpdate

#Write2Earn Ripple's worldwide momentum continues to be unrivaled
Brad Garlinghouse, CEO of Ripple, has celebrated a series of epic wins for the fintech giant. In a tweet, the #RippleCEO celebrated the company's latest acquisition of Standard Custody and Trust, including its licensing wins.
In Q4, Ripple (including subsidiaries) gained licenses in major markets, including its full Major Payments Institution license from the Monetary Authority of Singapore (MAS) and its registration as a Virtual Asset Service Provider by the Central Bank of Ireland.
To date, Ripple holds a New York BitLicense and has secured money transmitter licenses in nearly 40 jurisdictions in the U.S.
Ripple announced on Tuesday that it had agreed to acquire Standard Custody & Trust Company, an enterprise-grade regulated platform for digital assets.
This step reinforces Ripple's commitment to regulatory compliance while also allowing the company to expand its existing product offerings and explore new, complementary products.
We are pleased to announce that we have entered an agreement to be acquired by @Ripple. Looking forward to this next chapter, focusing on what we do best - building enterprise-grade solutions for our customers. Learn more: https://t.co/KySdqUH2Ma
— Standard Custody (@StandardCustody) February 13, 2024
With the acquisition, Standard Custody's limited purpose trust charter and money transmitter licenses will be added to #Ripple's growing regulatory license #portfolio .
Ripple's worldwide momentum continues to be unrivaled, serving enterprises all over the world. The acquisition of Standard Custody followed last year's acquisition of Metaco, a custody solution.
Ripple recently announced custody collaborations with top-tier institutions such as HSBC, BBVA and Zodia Custody, as well as the expansion of its Ripple Payments product into new territories, such as Africa.
Ripple has doubled down on its core businesses of payments and custody, supporting live commercial custody offerings in 20 regulatory jurisdictions and payments to 70 countries worldwide.
In 2023, a key legal victory in the Ripple lawsuit represented a watershed moment in determining $XRP 's legal standing. This was the first industry victory against the SEC, setting a precedent for other tokens in the United States.#BTC