BREAKING NEWS:

JUDGE TORRES HAS SET THE SCHEDULE FOR INVESTIGATION AND NOTIFICATION OF APPEALS‼️ #XRP #RippleLabs

Fake News on ETF XRP

This week, fake paperwork related to a BlackRock fund based on the XRP cryptocurrency spurred a rally in the token before the asset manager clarified that it was not responsible for the filing. XRP — a lesser-known cryptocurrency, though still one of the largest tokens — quickly gave back its gains, which at one point on Monday had reached about 13%. Similarly, a couple of weeks ago, a tweet falsely claiming that a Bitcoin ETF had been approved helped spark a big surge in the largest cryptocurrency before the news was debunked.

The incidents are the latest in a string of deceitful episodes that have accumulated over the years, though they’re arguably more potent right now since they’re happening at a time when US regulators are widely expected to finally grant their blessing on Bitcoin ETFs. Securities and Exchange Commission officials have in the past cited market manipulation and fraud as reasons such funds shouldn’t be available to American investors.

It wasn’t immediately clear how an XRP filing purporting to come from BlackRock had shown up on the official Delaware website that registers investment trusts incorporated in the state. (Officials in Delaware referred the matter to the state Department of Justice.) Coincidentally, it came just after Ripple Chief Executive Officer Brad Garlinghouse had -- ominously -- warned followers on the X social-media platform to be wary of “deepfake scam videos” and not to trust but “verify” news around Ripple.

#Ripple #XRP #blackrock

Brad Garlinghouse (Ripple CEO) says on X

There’s been an uptick in deepfake scam videos (ex below) overlaying new words with old video footage from Ripple’s events (@YouTube are you asleep at the wheel again?!). Reminder: don't trust, verify (all approved messaging will only come from official Ripple accounts).

Ripple

“There is definitely increasing demand to pay in crypto, and demand on the on-ramping or off-ramping pieces, as well.”

Blackrock Confirms News of XRP ETF Filing Is Fake

Rumors circulated on Monday that Blackrock, the world’s largest asset manager, has registered to launch an XRP exchange-traded fund (ETF), following its registration of a spot ether ETF. However, Blackrock quickly denied the rumor, confirming that it has not filed to launch an XRP exchange-traded product.

Blackrock Hasn’t File to Launch XRP ETF

As enthusiasm for cryptocurrency exchange-traded funds (ETFs) grows, rumors spread on social media Monday that Blackrock, the world’s largest asset manager, had registered a spot XRP ETF called “Ishares XRP Trust.”

However, several people soon debunked the rumor, including Bloomberg Senior ETF Analyst Eric Balchunas, who alerted his followers on social media platform X that the news is false, citing confirmation from Blackrock. He wrote that “some whacko must have added” the fake information using Blackrock executive names. The fake news sent the price of XRP soaring 7% before losing all of its gains.

#Ripple #BradGarlinghouse #DavidSchwartz #XRPETF #XRP

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