XRP Ledger added over 21,000 new wallets in 48 hours as retail investors boost on-chain activity despite whale sell-offs.
New funding worth $500 million at a $40 billion valuation strengthens Ripple’s push into stablecoins, custody, and treasury solutions.
MetaPlanet, Coinbase, and Chainlink all advance efforts to merge digital assets with traditional finance.
The crypto market witnessed a busy day full of institutional, regulatory, and network developments, including major updates from Ripple, MetaPlanet, Coinbase, and Chainlink. While XRP Ledger saw record growth, MetaPlanet announced a Bitcoin-backed expansion, which helped to move forward the unification of traditional and decentralized finance.
According to Santiment, the XRP Ledger saw its fastest network expansion in eight months, with over 21,595 new wallets created within 48 hours. This surge is the largest two-day increase since July, and coincides with XRP's 10% bounce back following a brief market dip.
Between October 6 and November 6, daily transactions on the XRPL ranged from 1.3 million to 1.9 million daily transactions, peaking at nearly 1.9 million on November 3.
Despite the momentum, Whales reduced their holdings, with large addresses selling around 900,000 XRP during the last five days, while retail traders kept accumulating.
The XRPL's native decentralized exchange (DEX) set a record of 954,000 daily transactions, which reflects the increasing interest in on-chain swaps and DeFi participation.
Also Read: XRP Price Prediction: Where Could it Be in the Next 13 Years?
Ripple announced a $500 million funding round led by Fortress Investment Group and Citadel Securities, joined by Pantera Capital, Galaxy Digital, and Brevan Howard.
The round values Ripple at $40 billion, marking a more than 3x jump from its 2023 valuation of $11.3 billion.
The funds will fuel Ripple’s expansion into stablecoins, custody, prime brokerage, and treasury management. Its native stablecoin, RLUSD, launched in 2024, now ranks among the top 10 US stablecoins, with a $1.02 billion market cap.
Ripple CEO Brad Garlinghouse said the investment “underscores confidence in Ripple’s model and blockchain’s long-term institutional adoption.”
MetaPlanet raised $100 million using its Bitcoin holdings as collateral to venture into new business areas, buy back shares, and acquire more Bitcoin.
The company holds 30,823 BTC (worth around $3.5 billion), and initiated a $500 million share buyback, which is around 13% of its entire stock. MetaPlanet’s target is to increase its Bitcoin stock to 210,000 BTC by 2027.
The revenue model backed by Bitcoin continues to strengthen. Q3 2025 income was ¥2.44 billion ($18.6 million), which is an increase of 3.5 times that of the previous year.
The company's lending arrangement constitutes just 3% of the entire stock, thus maintaining low leverage and strong balance-sheet resilience.
Also Read: Bitcoin Price Reclaims Six-Figure Handle at $103,400 as Range Widens
Coinbase urged the US Treasury Department to keep the GENIUS Act regulations directly aligned with congressional intention; consequently, regulatory overreach might put the crypto industry down.
Faryar Shirzad, the Chief Policy Officer of Coinbase, maintained that the Treasury must not consider non-financial software, open-source protocols, and blockchain validators to be financial intermediaries.
The GENIUS Act, signed into law in July 2025, establishes a federal regulatory framework for stablecoins wherein issuers are required to have complete reserves of US dollars or liquid assets and undergo annual audits.
Coinbase also suggested that tax and accounting treatments of payment stablecoins should be similar to cash equivalents, noting that this is in line with their character as fiat-like instruments.
WisdomTree, an asset manager with a global presence and more than $130 billion in AUM, joined forces with Chainlink to transmit validated fund information to the Ethereum blockchain using Chainlink's DataLink Services.
The partnership will start with WisdomTree's Private Credit and Alternative Income Digital Fund (CRDT), which will stream its Net Asset Value (NAV) straight onto the blockchain.
The DeFi platforms will have access to institutional-grade financial data in real-time and enable transparent pricing and automated portfolio management.
WisdomTree announced the collaboration as a part of its plans to make tokenized funds interoperable with DeFi, while Chainlink presented it as a major milestone in connecting RWA with the digital asset market.
According to sosovalue, Bitcoin spot ETFs saw $137 million in net outflows on November 5, marking their sixth consecutive day of withdrawals.
Outflows from BlackRock's iShares Bitcoin Trust (IBIT) amounted to $375 million, while inflows to Fidelity's FBTC and Ark Invest's ARKB were $113 million and $82.9 million, respectively.
The total Bitcoin ETF asset value is $139.15 billion, representing 6.72% of Bitcoin’s total market capitalization.
1. Why is the XRP Ledger seeing a sudden spike in wallet creation?
Santiment data shows 21,595 new wallets in 48 hours, the largest surge since July as investors return following XRP’s 10% rebound.
2. How much funding did Ripple raise, and who led the round?
Ripple raised $500 million at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities, with Pantera and Galaxy joining in.
3. What is MetaPlanet’s Bitcoin strategy?
MetaPlanet raised $100 million using Bitcoin as collateral to expand holdings, buy back shares, and aims to reach 210,000 BTC by 2027.
4. What did Coinbase say about the GENIUS Act?
Coinbase urged the US Treasury to align regulations strictly with congressional intent to prevent overreach and ensure innovation isn’t stifled.
5. What’s the goal of Chainlink’s partnership with WisdomTree?
Chainlink will help WisdomTree publish verified fund data on Ethereum, bridging real-world assets (RWA) and DeFi for transparent fund valuation and management.
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