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Ripple Labs is leading a $1 billion SPAC initiative. This entity will establish the world’s largest XRP digital asset treasury.
Ripple Labs is leading a massive fundraising initiative of at least $1 billion. The project aims to establish a powerful new digital asset treasury. This new large entity will be very interested in accumulating a large amount of XRP. The required capital will be raised by the SPAC mechanism. Further, Ripple will donate its XRP to the treasury. This move helps match corporate capital with growth in assets.
Bitcoin and Ether have been the big winners of the crypto market story this year. A strong stimulus to this particular orientation has been the dissemination of standards and practices in institutional adoption. However, XRP has had far less success in taking hold of the treasury of other digital assets (DATs) as a base asset. This major funding push aims at radically altering that market narrative. Ultimately, this campaign will help XRP to immediately enter the corporate mainstream.
Related Reading: Gumi Expands Digital Asset Treasury with Bitcoin and XRP | Live Bitcoin News
If this plan works out, the new entity would be the largest DAT devoted to XRP in the world. Trident Digital, the Singapore-based startup, with similar plans, was announced earlier. Trident has a goal of funding an XRP treasury with $500 million. Other large companies have followed suit with much smaller purses. However, none compares to the sheer scale that Ripple has imagined for the new treasury.
This ambitious venture could make XRP one of the first altcoins to find its way onto corporate treasuries’ white list. The effort comes at a time when there is market discussion on the stability of digital asset treasuries. Moreover, shares in crypto-heavy companies have recently moved into the red on sector volatility. To take one example, Michael Saylor’s Strategy shares have been weak recently. This background adds to the potential danger.
Japanese company Metaplanet has also seen its share price swing as of late. Yet, Ripple planned expansion is a manifestation of its firm belief in its asset. The company is not at all affected by the short-term ups and downs in the market. As a result of this, the company feels that its asset is long-term value. This firm conviction stems from high confidence in XRP’s future utility.
The funds will come from a Special Purpose Acquisition Company (SPAC). This way of raising capital makes the process very fast. Furthermore, Ripple is donating some of its already existing corporate XRP to the treasury. This type of dual funding means that substantial capital is available at the start. An optimal structure that struck an effective balance between liquidity and strategic control.
If the plan is successful, it will instantly make Ripple the largest institutional holder of XRP. This move could be a major change in the way digital assets are utilized globally. Specifically, it affects their role as strategic corporate reserves. Therefore, this project can cause a strong new precedent for the institutionalization of altcoins. The development will be followed closely by the global market.
XRP has typically been less on institutional radar than other large coins. However, it goes to show that there has been a strong push to regain narrative momentum after a $1 billion target. The project brings the asset in sync with the conventional high-finance models. Ultimately, Ripple hopes to build a highly regulated and robust institutional product. This practice represents long-term commitment and stability.
Indeed, this move is a powerful counter-narrative to recent market pessimism. It is an indication that large players have an appetite for non-Bitcoin digital assets. As a result, the success of this DAT would open up vast institutional capital flow. Finally, this funding initiative is aimed at establishing XRP’s position in the future of corporate finance on a global scale.
LiveBitcoinNews is a leading online platform dedicated to providing the latest news and insights about Bitcoin and the broader cryptocurrency market. It offers timely updates on market trends, regulatory developments, technological advancements, and expert analyses, catering to both seasoned investors and newcomers in the digital currency space. The site features a variety of content, including articles, guides, interviews, and opinion pieces, making it a comprehensive resource for anyone interested in staying informed about the rapidly evolving world of cryptocurrencies.
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San Francisco-headquartered enterprise blockchain company Ripple is raising $1 billion via a special acquisition company (SPAC) in order to set up an XRP treasury, Bloomberg reports. 
As part of the effort, Ripple will contribute some of its own tokens. 
Will XRP price surge? 
Ripple is definitely on a roll right now, given that the Bloomberg report comes shortly after the company announced that it had agreed to acquire treasury management company GTreasury for $1 billion. 
The bullish news, however, has had virtually no impact on the XRP price, which is down by nearly 3% over the past 24 hours. 
As noted by analyst Bill Morgan, Ripple announcements rarely have an immediate or short-term impact on the price of the token, especially when it is not immediately obvious how they will affect XRP. 
Too late to the party? 
Ripple's entry into the digital asset treasury (DAT) space comes at a time when the euphoria surrounding this business model, pioneered by Strategy's Michael Saylor, has already peaked.
Even permabull Tom Lee, who rose to prominence after spearheading BitMine's transformation into an Ethereum treasury firm earlier this year, recently admitted that the bubble has seemingly burst. 
In a stunning reversal, many DAT firms, including such prominent names as Metaplanet, are now trading below their net asset value.
Other XRP treasury players 
Unlike Bitcoin and Ethereum, XRP has attracted relatively little attention from DAT firms. 
However, there are still several names that have adopted the token as a treasury asset. These include VivoPower International, Webus International, Wellgistics Health, Trident Digital Tech, and some other minor players. 
As reported by U.Today, Bitwise CEO Hunter Horsley previously predicted that Ripple could be viewed as an XRP treasury company. 
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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Q3 2025 Cryptocurrency Industry Report  富途牛牛
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What is Florida’s House Bill 183 and its Objectives?
Florida’s House Bill 183 is a significant piece of legislation that aims to introduce Bitcoin into the financial strategies of the state. Sponsored by Representative Webster Barnaby, this bill seeks to allocate up to 10% of public funds to Bitcoin and other digital assets like ETFs and tokenized securities. Its purpose is to help diversify state investments and possibly position Bitcoin as a safeguard against inflation.
The bill’s objectives go beyond simple investment. It proposes that residents be allowed to pay certain taxes and fees using Bitcoin. This move not only embraces digital assets but also represents a shift to a more contemporary financial paradigm. According to estimates, the bill could potentially enhance market liquidity by about $1.8 billion, thereby strengthening Florida’s cryptocurrency ecosystem.
How Could Bitcoin Serve as a Hedge Against Inflation?
Bitcoin’s unique features may make it an effective hedge against inflation. With a supply capped at 21 million coins, Bitcoin is inherently resistant to inflationary forces that often affect fiat currencies. Unlike traditional currencies, which can be printed at will, Bitcoin’s scarcity is embedded in its design, making it less prone to value depreciation.
Bitcoin’s decentralized nature adds another layer of protection, as it operates outside of government influence, making it less vulnerable to inflationary policies. Historical evidence suggests that Bitcoin has maintained or increased its value during inflationary periods, highlighting its potential as a store of value. Still, while Bitcoin’s fixed supply and independence from government control suggest it could be an effective hedge against inflation, its high volatility presents major risks, especially for public funds that require stable returns.
What Are the Risks of Allocating Public Funds to Bitcoin?
Allocating public funds to Bitcoin is not without its risks. The most apparent issue is volatility. Bitcoin has been known for its wild price swings, which can lead to significant losses for public funds. Even though some studies suggest Bitcoin’s volatility has lessened over time, it remains much more erratic than traditional assets like the S&P 500. Such volatility could pose risks to financial stability, particularly if public funds are exposed to abrupt price declines.
There are also regulatory compliance challenges. Public funds investing in Bitcoin must navigate complex and evolving regulatory frameworks focused on anti-money laundering (AML) and know-your-customer (KYC) protocols. The informal governance structures of many crypto projects add to the compliance burden. Lawmakers have raised alarms about potential fraud and operational failures in the absence of regulatory oversight, making it essential to develop strong risk management frameworks to protect public assets.
How Might Florida’s Strategy Influence Crypto Payroll Integration in Europe?
Florida’s strategy for Bitcoin investment could have significant implications for crypto payroll integration, especially for small and medium-sized enterprises (SMEs) in Europe. The increasing institutional acceptance of cryptocurrencies, coupled with Florida’s initiative, may encourage European SMEs to explore crypto payroll systems. This could lead to more efficient cross-border payments and less reliance on traditional banking systems.
Nonetheless, challenges persist. Price volatility, regulatory complexities, and operational risks are potential stumbling blocks to widespread adoption. Florida’s approach could help create a more favorable global regulatory environment, potentially alleviating some of these complications. If the strategy is successful, it could serve as a template for other regions, facilitating the integration of cryptocurrencies into daily financial transactions.
What Lessons Can Asian Fintech Startups Learn from Florida’s Approach?
Asian fintech startups can extract important lessons from Florida’s responsible yet forward-thinking strategy to integrate Bitcoin into public finance. Key takeaways include the following:
Regulatory Clarity and Compliance: Florida’s bill outlines a clear framework for digital asset investments, which is crucial for managing legal and operational risks. Startups in Asia should advocate for similar regulatory clarity to navigate the varying regulatory landscapes.
Phased Investment Strategies: The decision to cap Bitcoin investments at 10% reflects a cautious approach to risk. Asian startups can implement gradual accumulation strategies to achieve a balance between potential upside and volatility risks, thereby preserving shareholder value.
Institutional Collaboration: Florida’s use of regulated custodians and exchange-traded products enhances security and trust. Asian fintech companies should seek partnerships with regulated entities to ensure compliance and bolster stakeholder confidence.
Dynamic Liquidity Management: By incorporating measures to convert Bitcoin payments into stablecoins or fiat currencies, the state can mitigate volatility impacts on payroll and operations. This approach aligns with aims to maintain market stability and access.
Innovation and Strategic Positioning: Florida’s initiative positions the state at the forefront of public sector crypto adoption. Asian fintech startups can use digital assets strategically, differentiating themselves and capturing institutional interest.
In essence, Florida’s legislative initiative offers a blueprint for the integration of Bitcoin into public finance, emphasizing clarity, risk management, and strategic innovation. Asian fintech startups can adapt these lessons to fit their unique regulatory and market environments, effectively incorporating Bitcoin into their financial strategies.

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The LuBian heist exposed critical vulnerabilities in crypto security, prompting urgent calls for stronger regulations and transparency in the industry.
Florida's House Bill 183 proposes a bold shift in public finance by allowing Bitcoin investments, raising questions about risks and crypto payroll integration.
Ripple's $1 billion acquisition of GTreasury promises to revolutionize crypto banking for SMEs in Europe, enhancing payment systems and financial inclusion.
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Binance co-founder Changpeng Zhao responded to Peter Schiff’s prediction of a brutal Bitcoin (CRYPTO: BTC) bear market on Thursday, highlighting the leading cryptocurrency’s historical outperformance against gold.
Zhao sarcastically admitted that Bitcoiners “should have listened” to Schiff’s forecast now that BTC has plunged 32% against gold since its August peak. He did, however, point out that the two-month period represents only 1% of BTC’s 16-year existence.
“I am sure Bitcoin fluctuated negatively against gold more than that, except BTC went from $0.004 to $110,000 in 16 years,” the cryptocurrency mogul countered.
See Also: Bitcoin (BTC) Price Predictions: 2025, 2026, 2030
Zhao’s argument had merit. While BTC has fallen 32% against gold in the last two months, longer timeframes suggested a different story.
Over the last five years, BTC has jumped 317% against the yellow metal. Similarly, it has increased by 8673% over a 10-year timeframe.
Schiff has stepped up the attack against BTC amid gold’s record-breaking run, questioning the "Digital Gold" narrative touted by a big section of Bitcoiners. While gold reached fresh highs at $4,370 per troy ounce, BTC fell further to $107,000 on Thursday.
He predicted a “brutal” bear market for the asset and urged its holders to sell it for gold to avoid “going broke.”
Price Action: At the time of writing, BTC was trading at $109,016.76, down 2.30% over the last 24 hours, according to data from Benzinga Pro. Year-to-date, the asset has gained 15%.
Spot gold was up 0.86% to $4,363.65 per ounce, having jumped over 60% this year.

Read Next: 
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
A newsletter built for market enthusiasts by market enthusiasts. Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes.

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The Louisiana Lottery offers several draw games for those aiming to win big. Here’s a look at Oct. 16, 2025, results for each game:
3-4-6
Check Pick 3 payouts and previous drawings here.
4-3-1-5
Check Pick 4 payouts and previous drawings here.
7-3-7-9-9
Check Pick 5 payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
All Louisiana Lottery retailers will redeem prizes up to $600. For prizes over $600, winners can submit winning tickets through the mail or in person at Louisiana Lottery offices. Prizes of over $5,000 must be claimed at Lottery office.
By mail, follow these instructions:
Mail all of the above in a single envelope to:
Louisiana Lottery Headquarters
555 Laurel Street
Baton Rouge, LA 70801
To submit in person, visit Louisiana Lottery headquarters:
555 Laurel Street, Baton Rouge, LA 70801, (225) 297-2000.
Hours: 8 a.m. to 4:30 p.m., Monday through Friday. This office can cash prizes of any amount.
Check previous winning numbers and payouts at Louisiana Lottery.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Louisiana editor. You can send feedback using this form.

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The Maine Lottery offers several games for those aiming to win big.
You can pick from national lottery games, like the Powerball and Mega Millions, or a variety of local and regional games, like the Pick 3, Pick 4 and Gimme 5.
While your odds of winning a big jackpot in the Powerball or Mega Millions are generally pretty slim (here’s how they compare to being struck by lightning or dealt a royal flush), other games offer better odds to win cash, albeit with lower prize amounts.
Here’s a look at Thursday, Oct. 16, 2025 results for each game:
Day: 1-2-3
Evening: 5-5-4
Check Pick 3 payouts and previous drawings here.
Day: 1-2-9-9
Evening: 1-3-0-3
Check Pick 4 payouts and previous drawings here.
04-07-42-43-46, Lucky Ball: 11
Check Lucky For Life payouts and previous drawings here.
01-11-20-29-39
Check Gimme 5 payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Winning lottery numbers are sponsored by Jackpocket, the official digital lottery courier of the USA TODAY Network.
Tickets can be purchased in person at gas stations, convenience stores and grocery stores. Some airport terminals may also sell lottery tickets.
You can also order tickets online through Jackpocket, the official digital lottery courier of the USA TODAY Network, in these U.S. states and territories: Arizona, Arkansas, Colorado, Idaho, Maine, Massachusetts, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, New York, Ohio, Oregon, Puerto Rico, Washington D.C., and West Virginia. The Jackpocket app allows you to pick your lottery game and numbers, place your order, see your ticket and collect your winnings all using your phone or home computer.
Jackpocket is the official digital lottery courier of the USA TODAY Network. Gannett may earn revenue for audience referrals to Jackpocket services. GAMBLING PROBLEM? CALL 1-800-GAMBLER, Call 877-8-HOPENY/text HOPENY (467369) (NY). 18+ (19+ in NE, 21+ in AZ). Physically present where Jackpocket operates. Jackpocket is not affiliated with any State Lottery. Eligibility Restrictions apply. Void where prohibited. Terms: jackpocket.com/tos.
This results page was generated automatically using information from TinBu and a template written and reviewed by a USA Today editor. You can send feedback using this form.

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Can't get enough? Connect with us for all things health.
Overview
Fibroids are benign tumors that grow in or on the uterus, or womb. They may impact fertility and pregnancy chances.
Uterine fibroids are very common. About 20 to 80 percent of women develop these noncancerous growths by age 50, and 30 percent of women between 25 and 44 have symptoms of fibroids. That means uterine fibroids are common during a woman’s childbearing years.
Read on to learn more about why fibroids develop and how they affect pregnancy.
Most women will experience no effects from fibroids during their pregnancy. However, a 2010 review suggests 10 to 30 percent of women with fibroids develop complications during pregnancy. Researchers note the most common complication of fibroids during pregnancy is pain. It’s seen most often in women with fibroids larger than 5 centimeters who are in their last two trimesters.
Fibroids may increase your risk for other complications during pregnancy and delivery. These include:
The majority of fibroids don’t change in size during pregnancy, but some do. In fact, one-third of uterine fibroids may grow in the first trimester, according to a 2010 review. Fibroid growth is possibly influenced by estrogen, and estrogen levels rise during pregnancy. This may lead to growth.
Still, for other women, fibroids may actually shrink during pregnancy. In a 2010 study, researchers found that 79 percent of fibroids that were present before a pregnancy decreased in size after delivery.
Many women who have fibroids can get pregnant naturally. Treatment may not even be necessary for conception.
In some cases, however, fibroids can impact your fertility. For example, submucosal fibroids, which are a type of fibroid that grows and bulges into the uterine cavity, increase your risk for infertility or pregnancy loss.
While fibroids may cause infertility for some women, other explanations for infertility are more common. If you’re having trouble conceiving or maintaining a pregnancy, your doctor may explore other possible causes before attributing the issue to fibroids.
Talk with your doctor about the size or position of any fibroids you have. Ask if they could cause problems with your attempts to get pregnant or the ability to carry a pregnancy. Likewise, ask your doctor if fibroid treatments can help improve your odds for pregnancy success.
During pregnancy, treatment for uterine fibroids is limited because of the risk to the fetus. Bed rest, hydration, and mild pain relievers may be prescribed to help expectant mothers manage symptoms of fibroids.
In very rare cases, a myomectomy can be performed in women in the second half of their pregnancies. This procedure removes fibroids from the outside of the uterus or from within the uterine wall while leaving the uterus intact. Fibroids growing in the uterine cavity are generally left in place due to the possible risks to the fetus.
Treating uterine fibroids before pregnancy may improve your fertility risk. The most common treatments for fibroids that preserve fertility include:
Other treatments are available for women with fibroids who may want to have children in the future. Each treatment carries its own risk and complications, so talk with your doctor about your options.
Likewise, ask your doctor how long you’ll have to wait before attempting to become pregnant after treatment. With some treatments, such as the birth control pill, you can try for pregnancy as soon as you stop using it. For others, there may be a waiting period.
You may not have any symptoms of fibroids. If you do have symptoms, the most common symptoms include:
Fibroids may be felt during a pelvic exam. If your doctor suspects you have the noncancerous growths, they may order an imaging test, such as an ultrasound, to confirm the growths are indeed fibroids and not something else.
Uterine fibroids may affect your fertility. They may also impact your ability to carry a pregnancy successfully. However, most women will experience no fertility issues or pregnancy complications as a result of these tumors.
If you have fibroids and wish to start a family, talk with your doctor about your options for treatment and your risks. Together, the two of you can decide what’s safest for your future pregnancy.
While you can’t prevent fibroids, a healthy lifestyle may lower your risk. Likewise, a healthy lifestyle, which includes maintaining a healthy weight, may lower your risk for fertility issues and high-risk pregnancies.
 
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Will tokenisation spark London’s crypto comeback?  Yahoo
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Bitcoin Falls as Short Sellers Pile In, Even as Spot Buyers Step Up
$108,881.00
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Bitcoin experienced a sharp pullback on Thursday, driven primarily by short selling, which exacerbated losses.
In the 90 minutes leading to the drop, Bitcoin slipped 1.5% from $115,000 as open interest—representing the total number of unsettled derivative contracts—climbed by 2.3%, adding over $591 million in notional value, according to Velo data.
The cumulative volume delta of perpetual futures on offshore exchanges, such as Binance and Bybit, decreased, while the spot CVD remained steady, suggesting that short perpetual sellers drove Bitcoin’s decline.
Over the next two hours, short selling intensified, prompting a 3.5% drop to $107,500 as spot sellers joined the fray. Open interest climbed 4% to add another $1.03 billion in exposure.
“Short traders are dominating in the perpetual futures markets right now, and spot demand is still in contraction based on on-chain data,” Julio Moreno, head of research at CryptoQuant, told Decrypt.
Amid the derivative-driven chaos, a key divergence emerged as spot CVD on U.S.-based exchange Coinbase remained "mostly positive," indicating consistent buy-the-dip activity from spot investors.
The spot bid-ask delta indicator showed increased bid activity, confirming that spot buyers were absorbing the selling pressure from leveraged shorts, per CoinGlass data.
The violent price move has triggered a $724 million liquidation event in 24 hours. Long positions bore the brunt, accounting for $536 million of the total, indicating that bulls levered up, hoping for a recovery.
“The drop is due to a mix of macroeconomic uncertainty, rising geopolitical tensions, and a spike in liquidations from overleveraged positions,” Ryan Lee, chief analyst at universal exchange Bitget, told Decrypt.
The recovery after the Black Friday event was met with “profit-taking, adding further selling pressure,” Lee noted.
Looking ahead, the crypto market is likely going to need “time to rebalance or find its footing after such a big flush-out,” Anthony Leutenegger, CEO of Aragon, told Decrypt. “As long as macro uncertainty lingers… we might expect continued volatility.”
Moreno remains bearish despite the dip-buying efforts from spot investors and believes the “odds of a rally are tilted to the downside.”
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