Ripple Secures $1 Billion for XRP Accumulation Amidst Market Slowdown

While the cryptocurrency market experiences a downturn, Ripple is taking advantage of the dip to secure a billion-dollar funding round. The company is leveraging a special purpose acquisition company (SPAC) backed by a digital asset treasury structure (DAT), aiming to accumulate XRP and stabilize its supply for wider adoption in payments. This strategic move comes as Solana experiences significant market correction, shedding over 6% in 24 hours following a recent peak.