Ripple’s XRP Plan, Trump’s Profit, & DOJ’s $15B Seizure

20-Oct-2025 StealthEX Blog

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Latest Crypto News: Trump's Profit, Ripple's XRP Plan, & DOJ's $15B Seizure

Ripple Targets Massive XRP Expansion with $1 Billion Treasury Plan

Ripple Labs is preparing an aggressive move to expand its control over the XRP ecosystem. The company is reportedly raising $1 billion to buy more XRP and store it in a new digital asset treasury. This effort will be organized through a special purpose acquisition company, giving Ripple more flexibility in how the funds are deployed. Ripple already holds 4.5 billion XRP and controls another 37 billion in escrow. With the new purchase, the company could secure an additional 427 million tokens, strengthening its influence over supply and liquidity in the market.

At the same time, Ripple is growing through major acquisitions. It recently bought GTreasury for $1 billion, adding advanced corporate treasury tools to its infrastructure. This comes after previous deals involving Hidden Road and Rail. The integration of GTreasury will enable instant settlement, 24/7 access to funds, and yield-generating products using stablecoins and tokenized deposits.

CEO Brad Garlinghouse said outdated banking rails slow global payments and increase costs. Ripple aims to solve this with blockchain, real-time processing, and unified treasury tools. If successful, Ripple could become the largest XRP holder in the world. Institutions currently prefer Bitcoin and Ethereum, but interest in XRP is rising. Several firms are building their own XRP reserves, signaling growing demand for the asset.


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Trump Family Crypto Empire Surges Past $1 Billion in Profit

President Donald Trump’s second term has brought an unexpected financial boom to his family, fueled largely by cryptocurrency ventures. An investigation found the Trump family generated over $1 billion in pre-tax profit from their crypto businesses. Eric Trump even hinted the real number might be higher. Forbes estimates the president’s net worth at $7.1 billion, suggesting crypto now plays a major role in his wealth.

The centerpiece of their empire is World Liberty Financial. Donald Trump and all three sons are co-founders. The project has launched the USD1 stablecoin and WLFI token, sold billions in assets, and is preparing a lending platform. The family’s stake reportedly exceeded $5 billion after a token unlock. Financial Times estimated over $550 million in profit from WLFI token sales alone, backed by high-profile investors like Justin Sun and Aqua 1 Foundation.

The TRUMP and MELANIA memecoins delivered millions more. TRUMP generated $362 million in profit, while MELANIA added $65 million. Despite huge declines from their all-time highs, the tokens still produced substantial revenue through sales and fees.

World Liberty Financial also earned $42 million from its stablecoin USD1, now the fifth-largest in the market. Trump Media & Technology Group, which owns Truth Social and Bitcoin reserves, is valued at $1.9 billion. The family’s deep crypto involvement continues to draw scrutiny, raising ethical and political debates.

a16z Bets Big on Solana as It Injects $50 Million into Jito

Venture capital giant Andreessen Horowitz is doubling down on the Solana ecosystem. Its crypto division, a16z, has invested $50 million into Jito, a liquid staking protocol that powers Solana’s network. The deal values Jito at around $800 million, making it one of the largest late-stage investments in Solana infrastructure. In exchange, a16z will receive JTO tokens at a discounted rate, signaling a long-term commitment.

Brian Smith of the Jito Foundation called it the biggest investor commitment Jito has ever received. He said the partnership aligns both sides for long-term growth and helps position Solana as the future home of internet-based capital markets. Andreessen Horowitz has previously backed LayerZero and EigenLayer, strengthening its influence across DeFi ecosystems.

But this deal goes beyond money. Jito has been instrumental in shaping the regulatory debate around liquid staking in the United States. Its legal team met with the Trump administration to clarify how staking derivatives should be treated under financial law. This work could open the door for liquid staking tokens to be included in ETFs and ETPs.

Jito also partnered with VanEck and Bitwise to push the SEC to include staking in proposed Solana funds. A week later, regulators issued guidance confirming that some forms of liquid staking are not securities. Despite internal criticism from one SEC commissioner, liquid staking is becoming essential infrastructure for DeFi.

Citigroup to Launch Crypto Custody Service as Banks Embrace Blockchain

Citigroup is preparing to enter the crypto custody market in 2026, marking a major shift in traditional banking attitudes toward digital assets. The bank has quietly spent nearly three years developing its own custody platform. Rather than relying on third-party exchanges, Citi plans to hold tokens directly for its clients. This approach reflects growing confidence in crypto infrastructure and regulatory clarity under the Trump administration.

The GENIUS Act paved the way by giving banks a clear framework to handle stablecoins and blockchain services. Wall Street interest surged after the SEC approved spot Bitcoin ETFs managed by BlackRock and Fidelity. Citi now wants to offer secure storage for native cryptocurrencies as demand rises from asset managers.

Biswarup Chatterjee, Citi’s global head of partnerships and innovation, said the project is on track and undergoing testing. The bank is exploring both in-house solutions and potential partnerships to support a range of digital assets. Security is a top priority due to the risk of hacks and insider threats.

Citi is also expanding into stablecoins. The bank believes stablecoins can help clients operate in regions with weak banking systems. Its Citi Token Services already enables instant cross-border transfers using blockchain, competing with JPMorgan’s Ethereum-based platform.

Other major banks are accelerating their crypto strategies as well. Institutions like Santander, Barclays, and Deutsche Bank are exploring reserve-backed digital money. The financial world is rapidly shifting toward blockchain-driven services.

USDe Plunge on Binance Blamed on Exchange Oracle Failure, Not Stablecoin Flaw

Ethena Labs founder Guy Young has addressed the dramatic drop of USDe on Binance, stating that the stablecoin did not truly depeg across the market. The token briefly crashed to $0.65 on Binance during the recent crypto meltdown, triggering panic among traders. Young explained that the issue was caused by Binance using its own order book as an oracle instead of deeper liquidity sources.

According to Young, minting and redeeming USDe worked without issues on all platforms. Over $2 billion in redemptions were processed with minimal deviation from $1. The problem was isolated to Binance, which was also facing withdrawal delays. Market makers could not intervene due to technical hurdles.

Traders suspected a coordinated attack exploiting Binance’s Unified Account system. This feature allows users to post assets like USDe as collateral, but relies on internal pricing instead of external oracles. Attackers reportedly dumped up to $90 million in USDe on Binance, pushing prices down. They then shorted Bitcoin and Ethereum ahead of Trump’s tariff announcement, profiting from the crash.

The event caused nearly $1 billion in liquidations. Binance later compensated users, paying out $283 million to those affected. The exchange admitted three assets depegged during the crash: USDe, BNSOL, and WBETH. Critics argue the incident exposed major risks in centralized exchange infrastructure.

DOJ Seizes $15 Billion in Bitcoin From Leader of Global Crypto Scam

The United States Department of Justice has seized $15 billion worth of Bitcoin linked to a massive “pig butchering” scam operation based in Cambodia. This marks the largest forfeiture action in DOJ history. Prosecutors charged Chen Zhi, the alleged mastermind, with wire fraud and money laundering. He faces up to 40 years in prison but remains at large.

Authorities claim Zhi ran industrial-scale crypto fraud schemes from forced labor compounds across Cambodia. Victims were lured through social media and manipulated into sending funds with promises of high returns. Once trust was built, scammers drained accounts and laundered the money. Prosecutors say billions were stolen globally.

Zhi was identified as the founder of Prince Holding Group, a conglomerate secretly transformed into a transnational criminal network. The group allegedly operates at least ten scam compounds in Cambodia. The US Treasury Department has designated the Prince Group as a criminal organization and sanctioned over 100 individuals tied to the operation.

Victims were not the only ones exploited. Hundreds of workers were trafficked and forced to participate in the scams. Many were held against their will and threatened if they refused. The DOJ stated that these operations caused “untold misery” across multiple countries.

Japan to Ban Crypto Insider Trading in Landmark 2026 Regulation

Japan is preparing a major regulatory overhaul that will ban insider trading in cryptocurrencies for the first time. The Financial Services Agency (FSA) and Securities and Exchange Surveillance Commission (SESC) plan to amend the Financial Instruments and Exchange Act to classify specific digital assets as financial instruments. This will bring crypto under the same legal framework as stocks and securities.

The new rules are expected to take effect in 2026. Under the updated framework, the SESC will be empowered to investigate suspicious trading, issue financial penalties, and recommend criminal charges. Punishments will be tied directly to profits made through illegal insider trading.

Japan’s crypto market has grown rapidly, creating pressure to close loopholes. Current laws do not apply to digital assets, leaving room for abuse. Regulators aim to clearly define what constitutes insider information in decentralized ecosystems. They also plan to create crypto-focused bureaus within the FSA to oversee compliance and coordinate with global standards such as the OECD’s Crypto-Asset Reporting Framework.

However, enforcement will be challenging. Identifying insiders in decentralized systems and tracking cross-border trades is complex. Despite these hurdles, the move marks a major step toward protecting investors and increasing transparency. Japan aims to become a global leader in responsible crypto regulation without stifling innovation.

This article is not supposed to provide financial advice. Digital assets are risky. Be sure to do your own research and consult your financial advisor before investing.

Tags: Bitcoin CryptoDaily Donald Trump Trump XRP
The post Ripple’s XRP Plan, Trump’s Profit, & DOJ’s $15B Seizure first appeared on StealthEX.
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