Crypto Weekly Roundup: Trump Mulls CZ Pardon, Ripple To Buy 1B XRP Tokens, & More
The post Crypto Weekly Roundup: Trump Mulls CZ Pardon, Ripple To Buy 1B XRP Tokens, & More appeared on BitcoinEthereumNews.com.
This week in crypto saw considerable activity around digital asset treasuries. Ripple Labs announced plans to purchase $1 billion worth of XRP tokens for a digital asset treasury. Meanwhile, a Financial Times investigation revealed that the Trump family has made a profit of over $1 billion thanks to their crypto bet. Additionally, President Trump is also considering a presidential pardon for Binance founder Changpeng Zhao. Business Ripple Labs announced plans to launch a fundraising effort to purchase $1 billion worth of its XRP token to create a new digital asset treasury. Ripple lab already holds 4.5 billion XRP tokens, and holds another 37 billion tokens in escrow. A Financial Times investigation has revealed that US President Donald Trump and his family have made a profit of over $1 billion through their cryptocurrency empire. When asked about the figures, Eric Trump stated that the figures were probably higher. a16z Crypto, the blockchain investment arm of venture capital firm Andreessen Horowitz, has announced a $50 million investment in Jito, a liquid staking protocol underpinning the Solana network. The investment values Jito at $800 million, with a16z receiving JTO tokens at a discounted rate. Citigroup plans to launch a crypto custody service in 2026, marking the latest major bank to enter the digital asset services market. According to sources, the bank had been working on its crypto custody service for nearly three years. Ethena Labs founder Guy Young has stated that the depegging event on Binance, which saw the value of the USDe token drop to $0.65, was an isolated event due to an internal issue on Binance, not because of the underlying collateral. Web3 Brevis, an infrastructure provider powering smart, verifiable applications with zk proofs (ZKPs), has announced that its Pico Prism zkVM has achieved record proving coverage of 99.6% (below 12…
Filed under: News - @ October 20, 2025 11:27 pm