CryptoInvestment

Ripple made strategic investments in UK-based Zilo and Licuido to expand tokenised financial assets on the XRP Ledger (CRYPTO:XRP).

PayPal processed US$486.4 billion in second-quarter payments while expanding its stablecoin strategy around PayPal USD (CRYPTO:PYUSD).

Quantum Solutions has sold 1,000 Ethereum (CRYPTO:ETH) as it redirects capital towards expanding its artificial intelligence business.

Empery Digital said it will invest US$20 million in AI data centre developer Cardinal Data Centers.

Coinbase Global plans to expand its Singapore workforce by 25% over the next year as it increases investment in the country's digital asset sector.

ARK Invest CEO Cathie Wood said SpaceX is her favourite investment, ahead of Bitcoin (CRYPTO:BTC).

Louisiana's Firefighters' Retirement System increased its holding in Strategy to about US$2.13 million.

Russian lawmakers are preparing for final votes on a bill that would establish new rules for cryptocurrency investing, including a proposed annual investment limit of 300,000 roubles (about US$3,800) for retail investors.

Grayscale Investments has proposed distributing staking rewards as cash to investors in its Ethereum (CRYPTO:ETH) and Solana (CRYPTO:SOL) investment products.

Robinhood CEO Vlad Tenev said trading is not gambling as Robinhood launched Trump Accounts, a new investment programme for eligible newborns.

Citadel Securities has invested US$400 million in Crypto.com, valuing the cryptocurrency exchange at US$20 billion.

ARK Invest and Sentora, which is backed by Andreessen Horowitz (a16z), have published a new investment thesis arguing that decentralised finance (DeFi) is entering a new phase of institutional adoption.