XRP Investment Funds See AUM Surge; Will XRP Climb To $1?

XRP, alongside Solana (SOL) and Stellar (XLM), has seen significant inflows in its assets under management (AUM), according to the latest CryptoCompare report. Investors have since the Ripple ruling, which deemed XRP not a security in secondary sales, like those on exchanges like Coinbase and Binance, focused less on Bitcoin (BTC) while concentrating on altcoins.

Timeline of Xrp

David Schwartz, chief technology officer at Ripple Labs, has launched a joking survey on Twitter. He wanted to pick his followers' brains about who would be the most popular person in “a fair and just world” and have more Twitter followers.

The cryptocurrency industry has been plunged into a heated dispute over the recent court ruling on Ripple (XRP), one of the top digital assets in the cryptocurrency market. The catalyst for the uproar was none other than U.S. Congressman Brad Sherman, a well-known advocate for the U.S. Securities and Exchange Commission (SEC).

In a Twitter thread dated 18 August 2022, Chad Steingraber, a known figure in the XRP community, presented an intriguing thought experiment about the future of XRP. His theory explores the idea of XRP becoming a reserve asset, similar to gold, for banks and institutional liquidity providers.

Following its significant legal victory against the SEC, Ripple is forging ahead with new partnerships, and the latest addition to its roster is Palau, an island country in the Pacific. As reported by The Block, the Palau government has teamed up with Ripple to pilot a stablecoin backed by the US dollar.

In a recent development that promises to simplify the financial landscape for multinational corporations, Corpay, a partner of Ripple, has launched an innovative internal invoicing solution called the Netting Manager. This advanced system looks to streamline and automate the settlement of internal invoices for businesses operating globally.

Stuart Alderoty, the legal chief at Ripple, remains unfazed by concerns surrounding a potential appeal by the U.S. Securities and Exchange Commission (SEC) to the recent historic XRP ruling.

ChatGPT's phenomenal success has ignited an era of artificial intelligence (AI) mania, triggering a race among established tech giants to unveil their own competitive products. Among these solutions, Google Bard, created by Alphabet (NASDAQ: GOOGL), has emerged as a formidable generative AI offering.

The ongoing legal battle between Custodia Bank and the Federal Reserve has taken a new turn with three lawsuits now filed against the regulator in three different circuits. Commenting on the crackdowns on the feds by industry stakeholders, crypto lawyer John Deaton noted that the Custodia lawsuits are just as important as those of XRP.

In a recent court development, Craig Wright, who claims to be the enigmatic creator of Bitcoin, Satoshi Nakamoto, has suffered a significant legal setback. He has been ordered to pay worth more than half a million dollars for legal costs as he pursued claims against crypto exchanges Coinbase and Kraken.

A Recap of the Judge Torres' Landmark Ruling in SEC vs Ripple On 13 July 2023, a significant ruling was delivered in the ongoing SEC vs Ripple Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) had accused Ripple Labs and its two senior executives, Bradley Garlinghouse and Christian A.