Mixed Crypto Flash: XRP Stake, ETH Rally, Solana Debate and Security Concerns
I’m watching VivoPower’s plan to spend $100 million to buy private shares of Ripple, which could translate to equity exposure roughly equal to 211 million XRP, valued at about $696 million, pending due diligence and Ripple board approval.
I’m noting that Fold Holdings, Inc. launched a Fold Bitcoin Gift Card on Giftcards.com to make buying Bitcoin easier for mainstream consumers through a large digital gift card retailer.
I’m observing Solana’s recent post comparing its transaction throughput to Nasdaq’s trading capacity, which has ignited debate with Ethereum users who argue the comparison oversimplifies blockchain versus centralized exchange dynamics; SOL is trading at $174.34.
I’m concerned about reports that Monero experienced 60 discarded blocks in 24 hours as Qubic claims to have performed a 51% attack, escalating a persistent hacking conflict in the privacy-coin space.
I’m acknowledging that Grayscale launched two single-asset trusts — the Grayscale DeepBook Trust and Grayscale Walrus Trust — for DEEP and WAL tokens, opening daily subscriptions for accredited investors and expanding institutional access to Sui DeFi tokens.
I’m tracking Ethereum’s price surging past $4,300 toward its all-time high amid strong fundamentals, and noting an anonymous institution bought $212 million in ETH as whales accumulated a total of $946.6 million in the past week.
I’m reporting that Nasdaq-listed Safety Shot secured a 10% revenue stake in LetsBONK.fun and will add $25M worth of BONK to its treasury, positioning itself to benefit from a major Solana memecoin launchpad.
I’m highlighting that Ethereum options open interest has jumped to $13.75 billion, nearing its all-time high with a 44% monthly increase, signaling elevated trader activity and speculation while ETH trades above $4,000.
I’m noting the legal update that Terraform Labs co-founder Do Kwon plans to plead guilty to U.S. conspiracy and wire fraud charges related to the $40 billion collapse of his crypto projects, as confirmed by a judge.
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