Mike Novogratz admits he as soon as doubted XRP’s survival
Crypto mogul Mike Novogratz claims that XRP has one of many strongest communities.
- Preliminary skepticism. Galaxy Digital CEO Mike Novogratz revealed he initially believed XRP wouldn’t survive the SEC lawsuit.
Throughout a latest dialog with podcaster Kyle Chasse, Galaxy Digital CEO Mike Novogratz admitted that he didn’t assume that XRP would survive the SEC lawsuit.
“XRP has one of many strongest communities there’s,” Novogratz stated. The Galaxy CEO has praised Ripple CEO Brad Garlinghouse for efficiently navigating lawsuits and preserving the neighborhood intact.
- Shift in perspective. Novogratz highlighted that neighborhood loyalty is crucial in crypto, evaluating it to uncommon inventory market circumstances like Tesla.
Novogratz has recalled that he used to dismiss XRP on account of its cultish following. Nonetheless, he then got here to understand that that is half of what crypto basically is.
“After 2008, folks didn’t belief governments…We now have so little belief that we’re discovering belief in these on-line crypto communities,” Novogratz famous.
He has added that each one cryptocurrencies which have develop into profitable are supported by cult-like communities. This units crypto other than the equities market, provided that particular person shares hardly ever have such passionate followers behind them (apart from fairly uncommon examples like Tesla).
Former Ripple exec Anthony Welfare explains CBDC’s function in XRP Ledger’s evolution
XRP Ledger benefited from Ripple’s CBDC trials, former adviser reveals.
- CBDC pilots. Ripple partnered with Bhutan and Palau in 2021 for CBDC experiments.
Former Ripple government Anthony Welfare has damaged silence on the affect of CBDCs experiment for XRP Ledger’s improvement. From 2021 to 2024, Ripple grew to become more and more lively within the improvement of central financial institution digital currencies. In 2021, Ripple introduced its partnership with the Royal Financial Authority of Bhutan and the Republic of Palau for CBDC pilots.
- Strategic shift in 2025. Ripple redesigned its web site in February 2025, eradicating references to CBDCs.
Quick ahead to 2023, Ripple introduced CBDC partnerships with Montenegro and Columbia central banks. That very same 12 months, Ripple revealed a platform devoted to central financial institution digital currencies powered by XRP Ledger.
This 12 months, 2025, marked a major shift for Ripple because it highlighted a brand new focus for its operations. In February 2025, Ripple unveiled a significant redesign of its web site that made no point out of central financial institution digital currencies (CBDCs), which sparked hypothesis that the corporate was stepping again from CBDC initiatives or just preserving a low profile amid the U.S. anti-CBDC stance.
In keeping with Welfare, “The complete CBDC work was crucial to be taught what the Central banks wished and the way the industrial banks are key, therefore Stablecoins as the primary focus.” This was important because it ready XRP Ledger forward for the present developments it’s seeing.
Vitalik Buterin dumps meme cash, triggers crypto market volatility
Ethereum creator triggers SHIB flashback with newest meme coin maneuver
- What occurred. Vitalik Buterin bought 150B Puppies tokens for 28.58 ETH (~$114K) and 1B ERC20 tokens for $13.9K in USDC inside hours.
Ethereum creator Vitalik Buterin has exited meme cash but once more, promoting two totally different tokens in only a few hours. On-chain information exhibits the well-known crypto developer offloaded 150 billion Puppies tokens for 28.58 ETH equal to about $114,000 and 1 billion ERC20 tokens for $13,900 in USDC.
- Historic context. In 2021, Buterin famously acquired billions of SHIB, donated a big portion to India’s COVID-19 aid, and burned the remaining.
The sums are small within the grand scheme of Ethereum, however the motion is all too acquainted. Again in 2021, Buterin bought billions of Shiba Inu (SHIB) tokens from the venture’s creators, then despatched a giant chunk of it to India’s aid fund and burned the remaining.
That call despatched the SHIB neighborhood right into a state of shock, worn out a part of its provide and, regardless of the sell-off strain, grew to become one of many largest hype tales of that bull run, pushing SHIB deeper into the general public eye and cementing its place in crypto historical past.
It stays to be seen if this week’s gross sales will present the identical sample. Buterin would not hold meme tokens in his wallets for lengthy. ERC20 took a 70% hit after his transactions, and Puppies, which had been within the highlight lately, confronted further scrutiny as soon as the gross sales have been recorded on the blockchain and unfold throughout buying and selling teams.