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BTC $63,791.75 -4.06%
ETH $1,791.73 -3.19%
BNB $613.41 -4.86%
XRP $1.20 -1.81%
SOL $70.78 -4.62%
TRX $0.3312 -0.34%
DOGE $0.0903 -2.51%
ADA $0.1970 -7.12%
BCH $245.31 -6.57%
LINK $8.18 -2.22%
HYPE $72.97 +3.66%
AAVE $72.15 -2.58%
SUI $0.8060 -0.65%
XLM $0.2165 -2.19%
ZEC $601.50 -4.37%

xrp

Ripple plans to initiate a $1 billion XRP treasury program

According to CoinDesk, Ripple is leading a financing plan of at least $1 billion, intending to establish a publicly traded treasury company focused on holding XRP through a special purpose acquisition company (SPAC).The report states that this entity will use the raised funds to continuously increase its holdings of XRP, and Ripple is also expected to inject some of its own XRP holdings into the treasury. The terms of the related transaction are still under discussion, and the final plan may be adjusted.If successfully implemented, this will become the largest known XRP treasury plan to date. Market analysts believe that this move will test institutional investors' acceptance of the XRP treasury model and whether the digital asset treasury company model can expand from Bitcoin to other mainstream crypto assets.Currently, the market capitalization of XRP is approximately $138 billion, making it one of the top-ranking crypto assets globally. Since the beginning of this year, XRP has seen a cumulative increase of about 13%.It is worth noting that as the crypto market has recently experienced increased volatility, the stock prices of some digital asset treasury companies have come under pressure, and the market has begun to pay attention to whether similar models are facing demand saturation. However, if this plan is ultimately implemented, it may bring a new source of institutional buying for XRP and further strengthen its narrative in the capital markets.

XRPL submits a proposal to upgrade the AMM mechanism

XRP Ledger developers submitted a draft amendment called "AMM Swappable Curves," which plans to introduce three types of swappable curves for the XRPL native automated market maker: constant product, concentrated liquidity, and StableSwap, with a programmable Smart AMM to be added later. This upgrade aims to allow liquidity providers to choose more suitable pricing curves based on asset types, thereby improving capital efficiency.Concentrated liquidity is suitable for trading pairs where most transactions are concentrated within a specific price range, while StableSwap is more appropriate for assets that are close to a 1:1 exchange, such as stablecoins or pegged assets. Existing AMM pools will continue to use the current constant product model and will not require migration. This proposal is seen as an important step in addressing the shortcomings of the DeFi infrastructure on XRPL.Currently, there are over $3 billion in tokenized real-world assets on the XRPL chain, including a recent pilot for tokenized U.S. Treasury redemptions completed by Ripple and JPMorgan. However, to enable these assets to trade, lend, or generate yield more efficiently, a more mature DeFi liquidity infrastructure is still needed. Nevertheless, this proposal is still in the draft stage and will need to go through the XRPL amendment voting process, which may take several months, and there is still uncertainty about whether it will ultimately pass.
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