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Ripple has taken a significant step to enhance the crypto sector’s political influence by donating an additional $25 million to Fairshake, a federal crypto super political action committee (PAC) dedicated to supporting crypto -friendly Congressional candidates in this election year. This latest donation, announced on May 28, 2024, brings Ripple’s total contributions to Fairshake to $50 million over the past two years. Fairshake, which supports crypto-friendly congressional candidates, has raised over $100 million from major industry players, including Coinbase, Gemini, Andreessen Horowitz, and ARK Invest. Ripple’s contributions alone account for nearly half of this total. Picks for you Trader nets 419x profit by selling SHIB after 3-year hold 2 hours ago ...

Dutch police arrested a 26-year-old man on April 29. The arrest is connected to the ZKasino crypto gambling scam that involves over $30 million. Police have seized 11.4 million euros ($12.2 million) in crypto and other assets from the suspect. Dutch police have arrest ed a 26-year-old man amid a law enforcement investigation around ZKasino. The crypto project is allegedly a crypto gambling scam involving more than $30 million . ZKasino scam suspect arrested According to the Fiscal Information and Investigation Service (FIOD), authorities detained the individual on April 29, on suspicion of fraud, embezzlement and money laundering. The arrest comes after an outcry from the public in the wake of suspicious activities around the ZKasino platform. Dutch authorities have seized more than 11.4 million euros ($12.2 million ) in crypto assets, real estate and a luxury car from the suspect , FIOD announced on May 3. Scrutiny on ZKasino increased in mid-April aft...

Ithaca Finance, a non-custodial, composable options protocol aimed at building permissionless cross-chain infrastructure enabling optimal risk sharing across time and event horizons, is announcing a pre-seed round for its new on-chain options protocol on January 31, 2024, per the latest information shared with Finbold. The $2.5 million pre-seed funding round boasts a long list of prominent names and is led by Cumberland and Wintermute Ventures. Additionally, it Features angel investors Andrew Keys of DARMA Capital, Stan Miroshnik of TenSquared Capital, and Georgios Vlachos of Axelar, as well as Room40 Ventures and Ghaf Capital Partners. Commenting on the round, Cumberland highlighted the expertise of Ithaca’s team, while Wintermute highlighted its high hopes for the company’s protocol: Ithaca’s options platform breaks down complex financial contracts into composable elements, making it easier to handle risk and resulting in a transparent trading experience for users, and ...

Ripple reserved 200 million XRP ($112 million) for its treasury following January’s 1 billion tokens unlock. On January 7, the company first moved to sell half of this month’s supply inflation, according to onchain data. Notably, the sell-off followed a similar pattern to movements observed in the last year. It started with a transaction worth $56 million in 100 million XRP tokens. ‘Ripple (1)’, Ripple’s treasury known account, sent the tokens to ‘rP4X2…sKxv3’. Further, ‘rp4X2’ kept 82.3 million XRP and sent 17.70 million to ‘rhWt2…E32hk’. The former still has a balance worth more than $52 million USD. In the sequence, ‘rhWt2’ forwarded the 17.7 million XRP to ‘r4wf7…h4Rzn’. This last address was previously used as an intermediary distribution account to centralized exchanges’ accounts — a pattern repeated again in this recent sell-off event. Ripple moves 100 million in a possible sell-off. Source: Finbold Over 45 million XRP was deposited to exchanges by January 9 ...