Ripple Co-Founder Awakes Dormant XRP Wallets, Moves $109M

XRP Alert: Dormant Wallets Linked to Ripple Co-Founder Chris Larsen

Blockchain investigator ZachXBT has uncovered significant activity in dormant XRP wallets linked to Ripple co-founder Chris Larsen. These wallets, inactive for six to seven years, suddenly transferred over $109 million worth of XRP to exchanges in January 2025. Despite these transactions, the wallets still hold 2.7 billion XRP, valued at approximately $7.18 billion, with XRP currently priced at $2.60. This revelation has reignited speculation about Larsen's control over these holdings.

In early 2024, Larsen reportedly lost access to 213 million XRP, worth around $112 million, due to a hack. The recent activity raises questions about whether Larsen is offloading his holdings or moving them to other wallets. Some addresses linked to him have been inactive since 2013, suggesting potential loss of access or transfer of funds. This development has sparked concerns about the potential market impact if these coins are gradually sold. Source: Coinpedia Fintech News (https://coinpedia.org/news/xrp-alert-blockchain-investigator-finds-2-7b-xrp-in-dormant-wallets-linked-to-ripple-co-founder/).

Stablecoin Integration and Blockchain Legitimacy

Crypto security analyst ZachXBT has emphasized the importance of stablecoin integration in determining blockchain legitimacy. He highlighted that major stablecoin issuers like Tether, Circle, and Paxos play a crucial role in assessing the adoption and utility of blockchain networks. However, he noted the absence of major stablecoins on platforms like Cardano and the XRP Ledger, questioning their ability to attract such integrations.

Cardano Foundation CEO Frederik Gregaard responded by stating that stablecoin integration is just one metric of blockchain legitimacy. He emphasized Cardano's focus on building scalable and secure infrastructure to support global financial systems. Meanwhile, Ripple's RLUSD stablecoin has gained traction, with listings on platforms like Uphold and MoonPay. These developments underline the evolving role of stablecoins in blockchain ecosystems. Source: Cointelegraph (https://cointelegraph.com/news/zachxbt-stablecoin-legitimacy-cardano-xrp).

Argo Blockchain Secures $40 Million Investment

Argo Blockchain has announced a significant funding deal, securing up to $40 million in senior secured convertible loans. The agreement includes an initial $15 million tranche, with an additional $25 million available over the next 18 months. The funds will be used to upgrade Argo's Bitcoin mining fleet in Quebec, Canada, strengthen its balance sheet, and explore mergers and acquisitions opportunities.

The loans carry an 8% interest rate and a 25% conversion premium based on Argo's share price before signing. Following the announcement, Argo's shares surged 16% to $0.45 in pre-market trading. The deal is backed by up to three multinational institutional investors, who will gain three board seats upon shareholder approval. Argo Blockchain chairman Matt Shaw stated that the funding will enable profitable growth and bolster the company's financial position. Source: crypto.news (https://crypto.news/argo-blockchain-shares-rally-16-after-securing-40m-investment/).

Blockchain to Redefine Global Markets

Marc Tillement, Director of Pyth Data Association, predicts that blockchain technology will unify global financial markets within the next decade. He highlighted the inefficiencies of traditional finance, which relies on fragmented layers for pricing, execution, and settlement. In contrast, public blockchains like Ethereum integrate these functions, enabling instant settlement and global access.

Pyth, built on a Solana fork, provides real-time price feeds across over 120 blockchains, showcasing the potential of blockchain to bridge fragmented markets. However, challenges such as latency and data scalability remain. Tillement believes incremental advances in blockchain technology will eventually rival traditional systems, creating a unified and accessible global financial market. Source: Benzinga (https://www.benzinga.com/25/03/44072215/blockchain-to-redefine-global-markets-in-a-decade-says-pyth-director).

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