Latest news with #XRP-focused
Business Upturn
6 hours ago
- Business
- Business Upturn
PFM CRYPTO Launches 2-Day XRP Mining Contract, Short-Term XRP Investment Users Surge 300%
Farington, England, June 09, 2025 (GLOBE NEWSWIRE) — Global cloud mining leader PFM CRYPTO today announced the launch of a 2-day XRP cloud mining contract, offering investors a flexible and efficient opportunity to grow their XRP holdings. The product received an overwhelmingly positive response from the market. In just one week, the number of short-term XRP investors on the platform surged by 300%, reflecting strong demand for low-barrier, high-liquidity crypto investment products. The 2-day XRP mining contract is the latest short-term crypto mining product from PFM CRYPTO, following the success of its Bitcoin, Ethereum, and Dogecoin cloud mining contracts. With ultra-low entry thresholds, flexible durations, and stable returns, this XRP-focused solution has quickly become a favorite among XRP holders and short-term investors alike. In the rapidly evolving world of crypto, simplicity and sustainable profitability are essential. For beginners seeking a reliable source of passive income, PFMCrypto's cloud mining service stands out as an attractive option. What Is PFMCrypto Cloud Mining? PFMCrypto cloud mining is a remote cryptocurrency mining solution that supports a wide range of digital assets, including XRP. Users tap into PFMCrypto's robust computing power to earn profits—without needing to buy mining hardware or manage technical maintenance. By leveraging powerful mining farms, PFMCrypto allows users to benefit from real-time mining rewards as complex blockchain problems are solved continuously. Key Benefits of PFMCrypto Cloud Mining No Hardware Required: No need to purchase costly equipment—users mine using the platform's powerful resources. Zero Maintenance Costs: Electricity, repairs, and operations are handled entirely by PFMCrypto. Green Energy Efficiency: All mining operations are powered by solar and wind energy—sustainable and cost-effective. Beginner-Friendly: No technical skills needed. New users receive a $10 sign-up bonus instantly. Stable Daily Returns: Daily payouts with full principal refunds upon contract maturity to ensure capital safety. Flexible Contract Options: Investment plans range from $100 to $100,000, with contract durations spanning from 1 to 50 days. Cloud Mining Contract Strategy: Powered by Real Results With the launch of the 2-day XRP contract, PFMCrypto is opening its high-performance cloud mining infrastructure to the public—free to access. Since its founding in 2018, the platform has expanded to over 9.2 million active users across 192 countries and regions, delivering exceptional results: 2-Day Strategy: +6.6% return 5-Day Strategy: +6.15% return 15-Day Strategy: +20.7% return 30-Day Strategy: +55.6% return These performance figures are not forecasts—they reflect real-world results from millions of users. This is made possible by PFMCrypto's AI-powered profit optimization and results-focused mining model. How to Get Started with PFMCrypto Cloud Mining Sign up today and receive a $10 welcome bonus, plus $0.60 daily check-in rewards. a Contract: Select a mining plan that aligns with your budget and financial goals. PFMCrypto offers solutions for both beginners and advanced investors. Earning: Once your contract is activated, PFMCrypto's intelligent platform does the rest—ensuring a seamless, high-efficiency mining operation that maximizes your earnings. About PFMCrypto Founded in 2018, PFMCrypto represents a new generation of AI-driven cloud mining, built on data, performance, and trust. With a rapidly growing global user base, PFMCrypto stands out as one of the most promising crypto investment opportunities of the year—especially for investors seeking sustainable, long-term returns over speculation. Full details and participation: Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
5 days ago
- Business
- Yahoo
Chinese Firm Webus' Stock Jumps After Filing With SEC for $300M XRP Strategic Reserve
China-based Webus International (WETO) filed a Form 6-K with the U.S. Securities and Exchange Commission on Tuesday with plans to build a $300 million XRP-focused corporate treasury. The filing follows an earlier May announcement by the firm, which aims to fund the initiative using loans and credit facilities rather than new share issuances. Webus plans to integrate Ripple's payment network into its business, aiming to streamline cross-border payments and improve booking transparency across its global chauffeur services. The announcement follows VivoPower International's plans to build a $121 million XRP treasury, indicative of growing interest from corporations in the fourth-largest token by market cap. The financing plan is non-binding and subject to final agreements and due diligence. The provider of customizable car and touring services for travelers worldwide added that it was renewing a partnership with Tongcheng Travel Holdings, one of China's largest online travel agencies, to extend their 'Wetour x Tongcheng' charter lines, stating they would aim to use the XRP Ledger to settle cross-border rides and driver payouts. XRP is up 2% in the past 24 hours, alongside muted gains in the broader crypto market. Meanwhile, the Nasdaq-listed firm's shares rose about 9% in early trading on Wednesday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Saudi Prince bets big on XRP after meeting Trump
Saudi Prince bets big on XRP after meeting Trump originally appeared on TheStreet. XRP, the world's fourth-largest cryptocurrency which President Donald Trump announced will be a part of the U.S. digital assets stockpile, has found a major supporter in Saudi Arabia. VivoPower International (Nasdaq: VVPR), a sustainable energy solutions company, has raised $121 million in private capital led by Saudi Arabia's Prince Abdulaziz bin Turki Abdulaziz Al Saud. Former Ripple board member Adam Traidman is also an investor who will also chair the company's board of advisors. The energy company will use these funds to acquire XRP to add to its corporate treasury, the company said on May 28. It entered into subscription agreements with the investors to sell 20 million shares at $6.05 per share. The VVPR stock was quoted at $4.9 at the time of writing, up 15% since the last day's close. Prince Abdulaziz bin Turki Abdulaziz Al Saud, chairman of Saudi Arabia-based Eleventh Holding Company, led the investment in VivoPower. The energy company said it is possibly the world's first public company to launch an XRP-focused crypto treasury strategy. Prince Abdulaziz bin Turki Abdulaziz Al Saud said it was meeting Trump during his recent visit to Saudi Arabia that convinced him that it was an appropriate time to roll out crypto assets and blockchain technology in the country. He added that his company has been holding XRP for a long time and decided to select VivoPower due to its "strategic focus on XRP." "We are honored to be leading this capital raising for a company that will be the first in the world executing on an XRP-focused treasury strategy," he continued. 'We are incredibly privileged to have His Royal Highness, Prince Abdulaziz bin Turki Abdulaziz Al Saud of Saudi Arabia leading this transformational capital raising and are also pleased to welcome other digital asset industry investors joining in this round," VivoPower's executive chairman Kevin Chin said. In other news, Coinbase (Nasdaq: COIN), the largest crypto exchange in the U.S., announced that it will enable 24x7 trading for XRP and SOL futures beginning June 13. However, no positive news could lead to an uptick in XRP's price. XRP has been on a decline over the last seven days. As per Kraken, it was exchanging hands at $2.19 at press time, down 7.75% over a week. Saudi Prince bets big on XRP after meeting Trump first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
XRP Drops 6% as Global Economic Tensions Trigger High-Volume Selloff
XRP XRP took a sharp hit overnight, shedding more than 6% in a high-volume correction that left traders on edge amid mounting global economic uncertainties. The drop — from $2.305 to a low of $2.163 — came as the cryptocurrency market reeled from a U.S. court ruling that overturned Trump-era trade tariffs, rattling investor confidence and wiping 3.1% off the total crypto market cap, now at $3.35 trillion. The sell-off wasn't all bad news for XRP, though. Renewable energy company VivoPower grabbed headlines by raising $121 million to establish an XRP-focused treasury reserve — a first-of-its-kind move by a publicly traded firm. Then on late Thursday, China-based Webus International said it was raising upto $300 million in cash to eventually launch an XRP strategic reserve. That's giving some traders hope that institutional adoption might provide a floor for the beleaguered token. Technically, XRP saw capitulation selling in the midnight hour, with volume spiking to 174.7 million units — nearly quadruple the average 24-hour trading volume. Prices found tentative support around $2.16 before a brief rebound to $2.22. Analysts are watching key resistance at $2.23, a level that could define whether XRP can stabilize or faces further downside risk. Hourly chart patterns revealed a V-shaped recovery attempt, but resistance around $2.204 capped gains, with prices consolidating between $2.195 and $2.196. Technical indicators warn that if XRP fails to hold $2.31 support, it could plunge another 16% toward $1.96 — a level not seen in weeks. Technical Analysis XRP dropped from $2.305 to $2.163, a 6.16% decline. Midnight volume surged to 174.7M units, far exceeding the 24-hour average. Support formed at $2.16, with resistance at $2.23 capping rebound attempts. V-shaped recovery saw XRP testing $2.204 before consolidating around $2.195-$2.196. A key risk is a potential 16% drop to $1.96 if the $2.31 support fails. With the market in flux, traders are bracing for more volatility as XRP navigates the fallout from macroeconomic uncertainty and potential opportunities stemming from growing institutional interest. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Ripple Price Holds Amid ETF Review And Saudi-Backed Treasury Initiative
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ripple Labs (CRYPTO: XRP) is holding near $2.30, finding support at $2.28 and stalling below $2.35. The token remains in consolidation after a breakout from a long-term descending triangle. The price action is driven by regulatory catalysts like the SEC's review of XRP ETF, amid institutional speculation leading to creation of $121 million XRP based treasury. The U.S. SEC has officially opened a review of the proposed spot XRP ETF by WisdomTree. The filing kicks off a 240-day evaluation period and invites public comment on investor protection, marking the furthest any spot XRP ETF has progressed. While a final decision is still months away, the review is being read as a signal that institutional interest is reaching critical mass. Don't Miss: — no wallets, just price speculation and free paper trading to practice different strategies. New to trading crypto? on Coinbase. Stuart Alderoty, Chief Legal Officer of Ripple, submitted a letter to the US SEC arguing that XRP should not be classified as a security. He proposed a 'maturity' test to determine when digital tokens should exit securities law, citing decentralization, utility, and lack of issuer control. Ripple called for a safe harbor to shield developers in the early stages of token development. The SEC's engagement is widely seen as a milestone toward XRP's inclusion in regulated financial products. VivoPower International PLC (NASDAQ:VVPR) announced a $121 million private share placement to support an XRP-focused treasury strategy. The round, led by Saudi Prince Abdulaziz bin Turki, added former SBI Ripple Asia executive, Adam Traidman, as an advisor. VivoPower shares surged over 25% following the announcement. Other corporations are quietly exploring XRP allocations. While most remain undisclosed, more than $120 million has reportedly been raised this month to fund enterprise-level XRP integrations in cross-border payments. Open interest in XRP derivatives has climbed to $4.87 billion in the past 24 hours, driven by the launch of CME Group Inc's (NASDAQ:CME) cash-settled XRP futures. The regulated CME CF XRP-Dollar Reference Rate has attracted directional traders and corporates' hedging exposure. XRP is trading above its 50-day moving average, with resistance in the $2.35–$2.40 range. A clean break could open a path to $3.40, while a drop below $2.30 would expose a downside toward $2.20. Volume has lightened, indicating many traders are staying on the sidelines while waiting for regulatory clarity. On-chain data shows mild whale accumulation over the past 48 hours, while smaller wallets have reduced exposure amid broader risk-off flows. The social sentiment is split: long-term holders are tracking ETF developments, while short-term traders lean into volatility. A flattening U.S. The Treasury yield curve and a stronger dollar have weighed on crypto markets, including XRP. If the ETF process gains traction, XRP could begin to decouple from broader trends and respond to its own adoption and regulatory signals. While the SEC's decision may not arrive until early 2026, sentiment could shift faster. Strong institutional feedback during the public comment period may accelerate progress, and weak or negative responses could delay it. More Opportunities: Grow your IRA or 401(k) with Crypto – . Trade, earn, and grow your crypto portfolio with — . Image: Shutterstock Send To MSN: 0 This article Ripple Price Holds Amid ETF Review And Saudi-Backed Treasury Initiative originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
