SBI Holdings
Japanese financial conglomerate SBI Holdings has submitted a letter of intent to acquire shares in cryptocurrency exchange Bitbank, aiming to make it a consolidated subsidiary. The move supports SBI's expansion in digital assets amid Japan's planned regulatory changes for cryptocurrencies. The deal is subject to due diligence, negotiations, and approvals.
Raportoinut AI
Crypto researcher SMQKE interprets a recent SBI Holdings financial report as hinting that the true value of XRP will become clear only after Ripple goes public. The claim stems from SBI's discussion of its 9% stake in Ripple and the valuation of escrowed XRP holdings. However, the report focuses on Ripple's equity rather than XRP's market price directly.