The blocmates Podcast Thursday, Nov 6, Ripple Raises $500 Million
Nov 6, 2025
Trump declares the U.S. as the future crypto capital, boosting Bitcoin sentiment. Ripple's impressive $500 million funding round turns heads, thanks to partnerships with major players like Mastercard. Robinhood reports a surge in revenue, attributed to its strategic shift towards crypto. The Miami Mayor reveals his Bitcoin salary has tripled, showcasing the asset's potential. Plus, ZachXBT collaborates with BNB Chain to tackle fraud, enhancing blockchain transparency. Stay tuned for more transformative news in the market!
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Market Stabilization After Dip
- Bitcoin and Ethereum showed modest gains with Bitcoin stabilizing above 100k after a dip to 98k.
- Total crypto market cap sits at $3.522 trillion, highlighting continued large-scale market liquidity.
Political Push For US Crypto Leadership
- Trump said the US will be the "crypto capital of the world," framing crypto as easing pressure on the dollar.
- Lawmakers plan to meet with crypto czar David Sachs to finalize market-structure legislation before year-end.
Ripple's Big Funding And Partnerships
- Ripple secured a $500 million investment at a $40 billion valuation from firms like Pantera and Galaxy.
- Ripple is also partnering with Mastercard, WeBank and Gemini to settle RLUSD stablecoin payments via the XRP ledger.