Bitcoin critics are raising questions about the growing trend of crypto treasury strategies involving assets like XRP and Ethereum, in addition to BTC. The debate gained momentum after SharpLink Gaming, one of the first companies to adopt an Ethereum-based corporate reserve model, suffered a shocking 73% drop in after-hours trading. The collapse has reignited discussions about which digital assets are truly suitable for institutional treasuries.In a tweet, Bitcoin proponent Steven Lubka pointed to SharpLink’s plunge as evidence that BTC remains the only reliable reserve asset. His statement suggests that altcoins like Ethereum are unsuitable for long-term corporate balance sheets, and financial expert Gary Cardone agrees with this opinion. Cardone weighed in on the conversation by turning the spotlight on Ripple. He questioned why Ripple has not transitioned into a company with an XRP reserve strategy, especially if the token is expected to appreciate dramatically and replace SWIFT as the global payments backbone.Specifically, Cardone argues that if XRP truly has the potential to reach heights like $8,000, as suggested by some, then Ripple should already be leveraging the token as its core reserve asset. For him, the fact that Ripple has not done so raises doubts about how much confidence the company itself places in XRP's long-term value.XRP Army ReactsUnsurprisingly, Cardone's comments did not go unanswered by XRP enthusiasts. Jason Jude called the criticism both contradictory and uninformed. He pointed out the irony of demanding that Ripple move to an XRP reserve model while critics often complain that Ripple already owns too much XRP.This commentary highlighted the inconsistency among critics who question Ripple's 40% XRP holdings yet expect the company to rely even more heavily on it as a reserve strategy.Others accused Cardone of letting his Bitcoin-only bias cloud his judgment. Several community members argued that dismissing XRP could become one of his biggest investment regrets.Corporate Momentum Builds Behind XRPDespite the criticism, XRP continues to gain traction as a treasury asset among Nasdaq-listed firms. Several companies actively integrate XRP into their financial strategies, aligning with the push to diversify beyond Bitcoin.For instance, Trident Digital Tech Holdings is raising $500 million to build one of the first major XRP treasuries. Also, Webus International in China is seeking $300 million in credit and plans to integrate Ripple's payment solutions.VivoPower International has earmarked $100 million from its latest private round, while Wellgistics Health has secured a $50 million credit line for XRP accumulation.This growing institutional interest suggests that some companies are betting on XRP as a payment utility and a long-term store of value.Treasury Strategy Works for AltcoinsMeanwhile, the broader crypto community is also challenging Lubka’s claim that BTC is the only viable treasury asset in the wake of SharpLink Gaming's fallout. Specifically, Solana enthusiasts cited data showing that DeFi Development Corp has experienced a massive 3,657% year-to-date gain after adopting a SOL-based strategy months ago. Even SharpLink Gaming’s monthly chart shows an impressive 882% gain, undermining the narrative that Bitcoin proponents are pushing.https://twitter.com/coryklippsten/status/1933340615808594160
2025-06-13 19:36
Shiba Inu lead Shytoshi Kusama has reacted to the recent partnership between the ecosystem and prominent AI gaming platform TokenPlayAI. In a June 12 tweet , he drew the attention of the Shiba Inu community to the “big news,” suggesting it is the start of something special. Further, he noted that this was part of a larger-scale artificial intelligence (AI) adoption strategy in the Shiba Inu ecosystem.Recall that he had teased the idea in his bio, sparking speculations within the Shiba Inu community. For context, he recently updated his bio to an AI-related write-up, stating that he was writing a final white paper exploring AI and Shiba Inu’s role in the new age.Shiba Inu Secures Partnership with Astra Nova’s TokenPlayAIMeanwhile, the visionary lead’s reaction comes on the back of the recent collaboration between the ecosystem and TokenPlayAI, an AI-powered gaming platform built by the Astra Nova team. For the uninitiated, Astra Nova is a decentralized gaming platform powered by NVIDIA and driven by artificial general intelligence (AGI).The Shiba Inu ecosystem’s official X account confirmed the development, which will debut Shib.fun, a gaming platform. TokenPlayAI would launch its seamless, AI-powered protocol on Shiba Inu, allowing games and creators to generate new adventures without the need for coding.The collaboration will bring the future of Web3 gaming to the ecosystem, positioning Shiba Inu in the next era of on-chain gameplay, as teased by both parties. Players on the TokenPlayAI platform also earn token rewards as incentives for participation.Moreover, the platform, powered by Alibaba Cloud, is still in its development stage and urges interested parties to join the waitlist. At the time of writing, the website shows that 22,021 entities have signed up, indicating strong interest. Shiba Inu Partner TokenPlay Shiba Inu Partner TokenPlay More AI Partnerships to Come?Notably, Kusama earlier highlighted a lack of conversation around AI in his feed, insisting the community does not know what is imminent. Yesterday’s tweet further confirms that he is indeed up to something.According to him, the TokenPlayAI partnership was one of the many AI strategies coming to the Shiba Inu ecosystem. His tweet suggested more partnerships, noting that he would share further details of new and existing partners in an upcoming AI-centric white paper.Meanwhile, the Shiba Inu ecosystem has heavily backed Kusama’s vision. Community figure Luis Delgado stated in a recent post that the lead has “several aces up his sleeve” to take Shiba Inu to the next level and consequently push prices to $0.01.
2025-06-13 09:52
The Flare Network team has suggested that Wall Street firms, major companies, and institutions are now keeping a close eye on XRP. The team highlighted this amid growing interest in the XRP and XRPL ecosystems, as more businesses explore how to use the XRP Ledger (XRPL) in real-world financial systems. XRP Now Capturing Mainstream AttentionNotably, this claim is backed by expanding use across different sectors. Several recent developments over the past two months confirm this. Flare Network on X Flare Network on X These moves come as the crypto industry sees clearer rules in the United States and, notably, as the long-standing legal battle between Ripple and the U.S. SEC nears its end. Interestingly, both sides have agreed to a settlement, and the court is expected to approve it soon. May 2025 Developments Around the XRPL and XRPSpecifically, one of these bullish developments occurred last month, when the World Economic Forum released a report on how financial markets are starting to use blockchain for asset tokenization. The report highlighted that the XRP Ledger now supports $1 billion in private equity tokenization. Days later, the Dubai Land Department chose the XRP Ledger to power its first Real Estate Tokenization Project. The initiative officially began on June 23, representing a major step in applying blockchain to real estate, especially in the Middle East. Also, late last month, Ault Capital Group, a subsidiary of a firm listed on the New York Stock Exchange, announced plans to roll out an XRP-based lending platform aimed at U.S. public companies. Meanwhile, within that period, three different firms confirmed they would be adding XRP to their corporate reserves. Specifically, Ault Capital, VivoPower (a Nasdaq-listed company), and Webus International all revealed plans to hold XRP as a reserve asset. Announcements from XRPL ApexRemarkably, the positive momentum continued into June. Particularly, on June 11, the first day of XRPL Apex 2025 , Ondo Finance launched tokenized U.S. Treasuries on the XRP Ledger. Notably, these assets, backed by BlackRock's USD Institutional Digital Liquidity Fund and short-term U.S. government bonds, give investors a way to access traditional financial products through blockchain. Ripple's stablecoin, RLUSD, supports minting and redeeming, while the XRPL's built-in compliance features like KYC and on-chain credentials ensure the system meets regulatory standards.Further, VivoPower committed $100 million in XRP to generate returns through Flare's DeFi platforms like FAssets and Firelight. The company plans to grow its XRP treasury using those returns, showing a real shift in how businesses use XRP in their financial strategies.Essentially, these moves show that XRP is gaining serious ground, confirming the remark from the Flare Network team. With big names now investing, building, and launching products on XRPL, the asset is entering a new phase driven by real adoption, not hype.
2025-06-13 09:26
