Reliance Global Group Acquires $17 Million XRP for Treasury Holdings

Reliance Global Group Acquires $17 Million in XRP

  • Nasdaq-listed Reliance Global Group purchased $17 million worth of XRP, adding to its digital asset treasury.
  • This acquisition supports the firm's strategy to diversify into blockchain-based assets with strong fundamentals.
  • Corporate treasuries now hold a total of $11.5 billion in XRP.
  • Ezra Beyman, CEO, emphasized XRP's speed, scalability, and energy efficiency as reasons for the purchase.
  • XRP ranks 5th by market capitalization at $172.32 billion but has seen price stagnation recently, trading at $2.87 after a 3.21% decline over 24 hours.
  • Attention is currently more on BTC, which recently surpassed $126,000.
  • An expected US SEC approval of an XRP ETF could shift focus back to XRP.

PepeNode (PEPENODE) Gains Attention

  • PepeNode is gaining traction by combining memes with virtual mining.
  • The project raised $1.74 million, up from $544,648.31 a month ago.
  • Current token price: $0.0010918, with a scheduled price increase soon.
  • Promised staking rewards of up to 3022%, available for purchase via credit/debit cards or cryptocurrency.