Ripple CEO Crushes $200M Stablecoin Deal Rumors

The cryptocurrency market is buzzing with significant developments across various assets, from major corporate acquisitions aiming to revolutionize digital payments to meme coins showing historical price patterns and substantial token burns. Ripple, a prominent player in the digital asset space, has confirmed a strategic acquisition set to bolster its stablecoin infrastructure, while Dogecoin enters a critical price zone that has historically heralded massive rallies, and Shiba Inu experiences a dramatic surge in its token burn rate.
Ripple CEO Brad Garlinghouse officially announced the acquisition of Rail, a specialized payment infrastructure provider focusing on stablecoins, for $200 million. This strategic move is designed to significantly enhance Ripple's footprint in the enterprise digital payments sector. The transaction, pending final regulatory approvals, is anticipated to conclude by the end of 2025. Garlinghouse emphasized that this acquisition marks a pivotal moment in Ripple's stablecoin strategy, positioning the company as the premier infrastructure provider for institutions utilizing stablecoins for payment settlements. Rail brings a suite of advanced functionalities, including virtual accounts, robust third-party payment support, and sophisticated treasury automation, all of which will be seamlessly integrated into Ripple's established payment network and API stack. This development coincides with the increasing prominence of Ripple's native stablecoin, RLUSD, which has recently climbed to 105th in market cap among crypto assets. With a circulating supply of 612.74 million tokens, RLUSD boasts a market capitalization of $612.71 million and a 24-hour trading volume of $45.26 million, placing it just below PayPal's PYUSD and rapidly ascending the stablecoin rankings. Ripple, already operating one of the world's largest digital asset payment platforms with over 60 active licenses supporting both XRP and other digital assets, sees the Rail acquisition as a crucial step in enabling stablecoin flows without requiring users to directly hold cryptocurrency. Having invested over $3 billion in strategic acquisitions to date, this latest venture underscores Ripple's aggressive push to control large-scale stablecoin settlement infrastructure, now further bolstered by a growing live token.
In other market news, Dogecoin (DOGE), arguably the most recognized meme coin, is currently re-entering a price region that analyst Ali Martinez has termed a "historical buy zone." This specific ascending parallel rising channel has been active since 2015 and has consistently preceded every major upward price cycle for DOGE, including its phenomenal breakouts in 2017 and 2021. Recent weekly data indicates that DOGE is trading just above $0.20, precisely at the lower boundary of this long-standing channel. This "buy zone" has been touched only a handful of times over the past decade, yet each instance has historically triggered substantial rallies, such as a 9,237% surge in 2017 and an even more impressive 13,337% breakout in 2021. In both previous cycles, Dogecoin briefly stabilized near the channel's bottom before experiencing parabolic growth. Despite the crypto market's inherent volatility and shifting narratives, DOGE has remarkably maintained this rising channel for over ten years. The most recent touch of this critical support region follows an earlier 243% rally within the current cycle, further reinforcing its significance as a potential launchpad for future gains.
Meanwhile, the Shiba Inu (SHIB) community is observing a dramatic increase in its token burn rate, which recently spiked by an astonishing 3,464%. In a matter of hours, 9,614,765 SHIB tokens were permanently removed from circulation. According to Shibburn data, this significant surge in the daily burn rate has captured considerable attention within the SHIB ecosystem. While the absolute quantity of tokens burned might appear modest relative to SHIB's vast total supply, it is the extraordinary percentage increase in the burn rate that is drawing community focus. Several large, single transactions, each accounting for hundreds of thousands of SHIB, contributed to this total burn figure. Although the identities of the sending wallets remain undisclosed, such coordinated burning activities often reflect a robust and engaged community sentiment. Looking at weekly statistics, the prior week also saw a massive daily increase of 16,855.93% in the burn rate, resulting in the destruction of 602 million tokens. To date, a total of 410,752,089,360,220 SHIB have been burned from the cryptocurrency's initial one quadrillion token supply, leaving a current circulating supply of 584,612,601,558,519 SHIB in the market.
Recommended Articles
Crypto Shocker: World's Highest IQ Backs XRP, Cardano Explodes, SHIB Dumps $110M!

The crypto market concluded the week passively, with selective liquidity and no urgent buying. While XRP saw attention f...
Shiba Inu on Fire: Is SHIB Finally Ready to Erase a Zero?

The crypto market is showing mixed signals with institutional interest flowing into XRP despite price dips, while Bitcoi...
Crypto Market Roars: XRP Holds Strong, Bitcoin Eyes Rally, SHIB's December Destiny Unveiled

The crypto market in December mirrors late 2021, showing fragile sentiment as prices reflect future monetary easing alre...
Bitcoin Hits $94,000 as Institutional Demand Sparks Bull Run!

Bitcoin is trading near $93,000 amidst a late-cycle reset and shifting market dynamics, with long-term holders accumulat...
Bitcoin Price Surge Alert: Analysts Eye $45,000 Peak in May!

Bitcoin’s massive early-year rebound has analysts predicting a potential surge to $45,000, driven by macroeconomic shift...
Bitwise XRP ETF Rollercoaster: From Filing to Faltering Debut

XRP has recently plunged below $2.00 despite a surge in institutional demand driven by the launch of Bitwise's spot XRP ...
You may also like...
Super Eagles' Shocking Defeat: Egypt Sinks Nigeria 2-1 in AFCON 2025 Warm-Up

Nigeria's Super Eagles suffered a 2-1 defeat to Egypt in their only preparatory friendly for the 2025 Africa Cup of Nati...
Knicks Reign Supreme! New York Defeats Spurs to Claim Coveted 2025 NBA Cup

The New York Knicks secured the 2025 Emirates NBA Cup title with a 124-113 comeback victory over the San Antonio Spurs i...
Warner Bros. Discovery's Acquisition Saga: Paramount Deal Hits Rocky Shores Amid Rival Bids!

Hollywood's intense studio battle for Warner Bros. Discovery concluded as the WBD board formally rejected Paramount Skyd...
Music World Mourns: Beloved DJ Warras Brutally Murdered in Johannesburg

DJ Warras, also known as Warrick Stock, was fatally shot in Johannesburg's CBD, adding to a concerning string of murders...
Palm Royale Showrunner Dishes on 'Much Darker' Season 2 Death

"Palm Royale" Season 2, Episode 6, introduces a shocking twin twist, with Kristen Wiig playing both Maxine and her long-...
World Cup Fiasco: DR Congo Faces Eligibility Probe, Sparks 'Back Door' Accusations from Nigeria

The NFF has petitioned FIFA over DR Congo's alleged use of ineligible players in the 2026 World Cup playoffs, potentiall...
Trump's Travel Ban Fallout: African Nations Hit Hard by US Restrictions

The Trump administration has significantly expanded its travel restrictions, imposing new partial bans on countries like...
Shocking Oversight: Super-Fit Runner Dies After Heart Attack Symptoms Dismissed as Heartburn

The family of Kristian Hudson, a 'super-fit' 42-year-old marathon runner, is seeking accountability from NHS staff after...