From €10 to €10 MILLION: Tenerife’s Bitcoin Jackpot Will Blow Your Mind!
1⃣ In today’s episode: Ripple raises $500 million at a $40 billion valuation, Tenerife plans to sell old bitcoins with nearly 100,000% profit, Kazakhstan develops a state crypto reserve, European authorities expose a massive $689 million crypto scam, and Stephen McClurg says the XRP blockchain could challenge Wall Street.
💸 Ripple raises $500M at $40B valuation
Ripple completed a new $500 million funding round backed by major investors including Citadel Securities, Pantera Capital, and Galaxy Digital. The company says the funds will strengthen its position in stablecoins, payments, and brokerage solutions.
🏝 Tenerife to sell bitcoins bought in 2012 for nearly 100,000% profit
The Institute of Technology and Renewable Energy (ITER) plans to sell 97 BTC purchased for €10,000 in 2012. Now worth almost €10 million, the profits will be used to fund new research in quantum technologies.
🇰🇿 Kazakhstan develops a state crypto reserve
Kazakhstan’s National Bank is creating a crypto reserve based on digital assets seized in criminal cases. Authorities are also considering investing part of the National Fund in cryptocurrencies to diversify reserves and strengthen economic resilience.
🚨 European authorities uncover $689M crypto fraud scheme
Law enforcement in Cyprus, Germany, and Spain dismantled a large-scale network of fake crypto platforms that scammed thousands of investors. Criminals impersonated legitimate exchanges and hid stolen funds through offshore accounts and crypto mixers.
🏦 Stephen McClurg: XRP blockchain can disrupt Wall Street
Canary Capital CEO Stephen McClurg stated that Ripple’s technology could become an alternative to traditional payment systems, offering speed and transparency. He predicts XRP-based ETFs could attract up to $10 billion in their first month.
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⏱ Timestamps:
00:00 — Intro
00:17 — Episode overview
00:55 — Ripple raises $500M at $40B valuation
02:18 — Tenerife to sell bitcoins with 100,000% profit
03:27 — Kazakhstan develops a state crypto reserve
04:48 — Ad: MinerLink
05:41 — European authorities uncover crypto scam network
07:01 — Stephen McClurg: XRP challenges Wall Street
08:34 — Ad: CashBanx
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