The Daily: Ripple leads $1 billion XRP treasury raise, MegaETH buys back portion of pre-seed stake, and more
The Daily reports on Ripple's $1 billion XRP treasury raise, MegaETH's equity buyback, Bitcoin ETF outflows, and other crypto market updates.Summary
This edition of The Daily covers several key developments in the cryptocurrency space. Ripple is leading a $1 billion raise to establish a new XRP treasury, potentially becoming the largest XRP-focused digital asset treasury to date. MegaETH has repurchased 4.75% of its equity and token warrants from pre-seed investors, signaling confidence in its upcoming launch. Spot Bitcoin ETFs experienced their largest daily outflows since August, totaling $536 million, reflecting increased investor risk aversion. Additionally, Arthur Hayes' family office, Maelstrom, aims to raise $250 million for a private equity fund focused on crypto firms, and FIFA's World Cup NFT platform faces a criminal complaint from Swiss regulators regarding illegal gambling services. Upcoming economic data releases and industry events are also highlighted.
(Source：The Block)