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BREAKING: Ripple CTO Stepping Down, CEO and President Share Reactions

by admin September 30, 2025

Joining board of directors
“You are my boss now?”

David Schwartz has announced that he will step down as Ripple’s chief technology officer at the end of the year after more than 13 years at the company.

“The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year. I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside,” he said.

Schwartz was appointed as the company’s CTO back in July 2018. Before him, this role was held by Coil CEO Stefan Thomas and Ripple/Stellar co-founder Jed McCaleb.

In his statement, Schwartz stressed his appreciation for the company and the community, describing his time at Ripple as “one of the greatest honors and experiences of his life.”

As happens in one’s life, I’ve been taking stock of my last 40 years. It’s been a wild ride. I’ve gone from consulting for the NSA to watching the early stages of Bitcoin. Then, I met Arthur, Jed, and Chris and worked on coding the XRP Ledger. Now, I’ve spent more than 13 years…

— David ‘JoelKatz’ Schwartz (@JoelKatz) September 30, 2025

He has also expressed his gratitude to Ripple’s leadership (CEO Brad Garlinghouse and President Monica Long), co-founders Chris Larsen and Arthur Britto, as well as the RippleX team.

Joining board of directors

Schwartz has confirmed that he is not breaking ties with Ripple. In fact, he will be joining the company’s board of directors. He will also remain involved as CTO Emeritus.

“I look forward to seeing the rest of you at XRP community events around the world,” he said in a statement.

“You are my boss now?”

Ripple’s leadership has already reacted to Schwartz’s upcoming exit. Garlinghouse has described Schwartz as “the smartest (and maybe the funniest) person” he personally knows. “A true OG in crypto with the conviction and vision to see what others couldn’t – you are a legend,” he added.

He has also jokingly suggested that Schwartz will be his boss after joining the company’s board of directors.

The smartest (and maybe the funniest) person I know. A true OG in crypto with the conviction and vision to see what others couldn’t – you are a legend. Thank you David for everything you’ve done for the industry, for Ripple and for the XRP Ledger. We are all forever grateful…… https://t.co/tt4uX4JlkV

— Brad Garlinghouse (@bgarlinghouse) September 30, 2025

Long has acknowledged that the “mighty community” would not have existed without Schwartz. “I deeply respect your ingenuity, integrity, humor, and humility, which you demonstrate daily…” Long said.

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September 30, 2025 0 comments

Crypto Trends

Tom Lee’s BitMine (BMNR) Raises $365M at $70 a Share to Expand Its Massive ETH Treasury

by admin September 22, 2025

BitMine Immersion Technologies (BMNR), chaired by Tom Lee, said Monday it now controls more than 2% of ether’s supply and raised $365 million to expand its holdings.

The company announced this morning that its treasury, valued at $11.4 billion as of Sept. 21, consists of 2,416,054 ETH at $4,497 per token, 192 bitcoin BTC$113,000.36, $345 million in cash and a $175 million equity stake in Eightco Holdings.

BitMine described itself as the world’s largest public holder of ether and the second-largest crypto treasury overall, trailing only Michael Saylor’s Strategy Inc. (MSTR).

BitMine is chaired by Tom Lee, who is also head of research at Fundstrat and chief investment officer at Fundstrat Capital.

Lee said the company is pursuing what he calls the “alchemy of 5%,” aiming to accumulate 5% of the total ETH supply. “Wall Street and AI moving onto the blockchain should lead to a greater transformation of today’s financial system. And the majority of this is taking place on Ethereum,” Lee said.

Raising funds to grow the treasury

A few hours later, BitMine announced a securities purchase agreement with an institutional investor covering 5.2 million shares of common stock at $70 per share — about 14% above its Sept. 19 close — along with warrants for up to 10.4 million additional shares at $87.50.

The offering is expected to raise $365 million in gross proceeds, with the warrants potentially adding another $913 million, bringing total potential proceeds to about $1.28 billion.

Lee said the primary use of funds would be to expand BitMine’s ether holdings, calling the premium pricing “materially accretive” to existing shareholders.

BitMine added that institutional demand reflected growing interest in ethereum as Wall Street integrates blockchain into financial infrastructure.

As of 11:13 a.m. ET, BMNR shares were trading around $55.79, down 9% on the day, according to Google Finance.

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September 22, 2025 0 comments

Gaming Gear

How to share your Gemini Gems custom AI experts with all your friends

by admin September 20, 2025

AI chatbots with a specific focus are a great way to skip having to explain what you want to do with an AI chatbot. Google created the Gemini Gems setup so that you’d be able to make and reuse those specialized chatbots whenever you want. Now, you can share your custom-made Gems with friends, family, or anyone else you share a link with.

All you have to do is hit the “Share” button on your custom Gem. That way, you can share, say, your toddler sleep schedule assistant or meal planner for someone in a rush, in the same way you’d share a Google Doc. They can view it, clone it, or even tweak it with your permission, as it’s basically Google Drive for AI assistants.

The Gems are otherwise the same, but they’re now portable. Consider how much of your digital life runs on shared docs, and then imagine if your AI helpers could do the same.

Shared Gems

Functionally, this could reduce time spent retyping or re-explaining how to use AI to do a task. It might also surface use cases that people wouldn’t have built themselves.

If it sounds like a familiar idea, that’s because it’s not dissimilar to what ChatGPT offers with custom GPTs, except those get published to the whole world.

It’s more efficient than the manual approach, wherein people take long prompts from Gemini, ChatGPT, Claude, and Perplexity and share them on Reddit or other social media platforms. The difference is that Gems are persistent and can hold files, rules, and settings you’d typically have to reconfigure every session.

There are limits. Some Gems aren’t eligible for sharing, especially if they contain private uploads or link to sensitive data sources. And even when you do share a Gem, the recipient may need access to the files inside, like if it uses a personal Google Doc. The system mostly warns you when this might be a problem, but not always with excellent specificity.

And while sharing Custom GPTs has been an option for a while, sharing Gems is less tied to one platform and offers Drive-style collaboration settings. Gemini’s ability to piggyback on the infrastructure millions already use could give it an edge in that regard.

Mostly, though, it means those who enjoy making Gemini Gems can share them with whoever they wish, and those who like using them but don’t want to make them might find some new favorites without having to ask what people wrote to get Gemini to perform.

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September 20, 2025 0 comments

NFT Gaming

Forward Industries doubles down on Solana with $4B share program

by admin September 17, 2025

Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.Forward Industries intends to expand its $1.58 billion in Solana holdings with up to $4 billion in new purchases.

Summary

Forward Industries filed for an option to sell $4 billion of its stock to acquire Solana
So far, the company has bought about $1.58 billion worth of SOL, financed by private investments
The program, if realized fully, could make Forward one of the largest SOL holders out there

Publicly traded firms are increasingly going beyond Bitcoin in their treasury strategies. On Wednesday, September 17, Nasdaq-listed company Forward Industries filed for an automatic shelf registration with the Securities and Exchange Commission. The filing allows the firm to sell up to $4 billion worth of its stock to acquire SOL.

“Having recently completed the largest Solana-focused digital asset treasury raise to date and initial purchases of more than 6.8 million SOL, the ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” said Kyle Samani, Chairman of the Board of Directors of Forward Industries.

It is important to note that the program does not bind the firm to sell that many shares. Moreover, the company’s market cap is currently just $3.16 billion, almost a billion short of its goal. For that reason, it is unlikely that the firm will sell that many shares to buy SOL. Still, if the share price rises substantially after the announcement, the company could approach that goal.

Forward Industries already holds $1.58M in SOL

Earlier, Forward Industries completed a $1.65 billion private investment, led by crypto investment giants such as Galaxy Digital, Jump Crypto, and Multicoin Capital. Using those funds, the firm acquired 6.82 million SOL tokens at an average cost of $232 each, totaling about $1.58 billion.

Despite the latest announcement, shares of Forward Industries fell 4.12% in early morning trading.

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September 17, 2025 0 comments

Crypto Trends

Forward Industries Plans $4B Share Sale to Back Solana Treasury

by admin September 17, 2025

Nasdaq-listed company Forward Industries filed for an at-the-market (ATM) equity offering program of up to $4 billion, giving the company flexibility to sell shares over time to support its Solana-focused treasury strategy.

On Wednesday, Forward Industries announced that the program will allow it to issue and sell common stock through sales agent Cantor Fitzgerald.

The offering is being made under an automatic shelf registration statement filed with the US Securities and Exchange Commission (SEC). An automatic shelf registration allows certain large, publicly traded companies to quickly raise capital with flexibility.

While the maximum amount listed is $4 billion, the company noted that sales may or may not occur depending on market conditions.

Forward Industries to use part of the funds on Solana purchases

According to the announcement, proceeds from share sales will be used for general corporate purposes. This includes working capital, growth initiatives and expanding its Solana (SOL) treasury holdings.

Kyle Samani, the chairman of the company’s board of directors, said the offering gives Forward Industries a flexible and efficient mechanism to raise and deploy capital for its Solana treasury strategy.

“The ATM Program enhances our ability to continue scaling that position, strengthen our balance sheet, and pursue growth initiatives in alignment with our long-term vision,” Samani said.

Forward Industries announced its Solana treasury strategy plans on Sept. 8, securing $1.65 billion in cash and stablecoin commitments to build its SOL stash, led by crypto heavyweights like Galaxy Digital, Jump Crypto and Multicoin Capital.

The announcement was followed by a SOL buying spree, with Galaxy Digital buying $306 million in Solana tokens in one day to put in Forward Industries’ stash.

At the time of writing, treasury data tracker Solana Strategic Reserve showed that Forward Industries led the SOL treasury companies, holding $1.6 billion in tokens.

Related: Nasdaq-listed Helius announces $500M funding for Solana treasury

Solana treasury companies hit $4 billion in SOL tokens

Forward Industries is not alone in its efforts to build a strategic treasury focused on Solana tokens. On Tuesday, Solana Strategic Reserve showed that SOL treasuries reached over 17.11 million SOL tokens for the first time. These tokens were worth over $4 billion, signaling increased institutional interest in Solana.

In total, 17 companies have implemented Solana reserve strategies, including Sharps Technology, the DeFi Development Corp. and Upexi.

Magazine: Meet the Ethereum and Polkadot co-founder who wasn’t in Time Magazine

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September 17, 2025 0 comments

NFT Gaming

Ethereum & Alts Capture 85% Of Futures, BTC Share Shrinks

by admin September 17, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Data shows Bitcoin has lost interest to Ethereum and altcoins recently as their combined futures volume has broken past the 85% mark.

Ethereum & Altcoins Have Seen Their Futures Volume Rise Recently

In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the futures trading volume share of Ethereum and the altcoins. The futures trading volume here naturally refers to the amount that’s becoming involved in futures-related trades on the various derivatives exchanges.

Below is the chart shared by Maartunn that shows the trend in the dominance in this metric for ETH and the alts over the last couple of years:

The value of the indicator appears to have gone up for both of these assets in recent days | Source: @JA_Maartun on X

As is visible in the graph, the futures trading volume dominance has seen a sharp increase for the altcoins recently, implying that speculative interest in these coins has gone up.

The metric is still significantly down for Ethereum compared to its earlier high, but it has nonetheless also enjoyed an uptick at the same time as the altcoin growth.

Combined, ETH and the alts occupy around 85.2% of the total cryptocurrency futures trading volume following the increase. This means that the remaining portion, Bitcoin, has gone below 15% in dominance.

Historically, periods like these have been a bad omen for not just BTC, but the market as a whole. Examples of these are visible in the chart during both the late 2024 and Summer 2025 price tops.

Thus, considering that Ethereum and the altcoins are once again dominating futures trading activity, it’s possible that Bitcoin and other assets may be in for some volatility.

In some other news, on-chain analytics firm Santiment has shared in an X post an update on how the various projects in the digital asset sector rank up in terms of the Development Activity. This indicator measures the total amount of work that the developers of a given project are doing on its public GitHub repositories.

The metric makes its measurement in units of “events,” where one event is any action taken by the developer on the repository, like the push of a commit or creation of a fork.

Here is the table posted by Santiment that shows the ranking for cryptocurrency projects on the basis of their 30-day Development Activity:

Looks like ICP has maintained its position at the top | Source: Santiment on X

As displayed above, Ethereum is only the 10th largest project in terms of 30-day Development Activity, despite its market cap being second only to Bitcoin. The project that’s seeing its developers work the hardest right now is Internet Computer (ICP), which has the metric sitting at a value nearly three times that of ETH’s.

ETH Price

Ethereum recovered above $4,750 earlier, but it seems the asset’s price has once again faced a pullback as it’s now back at $4,450.

The trend in the price of the coin over the last five days | Source: ETHUSDT on TradingView

Featured image from Dall-E, Santiment.net, CryptoQuant.com, chart from TradingView.com

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September 17, 2025 0 comments

A promotional image showing multiple Corsair Vengeance CUDIMM memory sticks on a desk

Gaming Gear

If you bought Corsair PC memory after 2018 you might be entitled to a share of $5.5 million from a class action over advertised DDR4 and DDR5 speeds

by admin September 16, 2025

Corsair has settled a class action lawsuit claiming that the memory specialist overstated the speeds of various DDR4 and DDR5 RAM kits on offer since 2018. Corsair is set to pay out $5.5 million to customers (via Tom’s Hardware).

To boil the dispute right down, Corsair is accused of advertising RAM products according to the speeds attained under XMP or Extended Memory Profiles as opposed to JEDEC defaults.

According to the settlement, you could be entitled to compensation if you bought, “any Corsair DDR-4 (non-SODIMM/laptop) memory product with a rated speed over 2133 megahertz (MHz) or any Corsair DDR-5 (non-SODIMM/laptop) memory product with a rated speed over 4800 megahertz, and made that purchase while living in the United States, and the purchase(s) occurred between January 14, 2018 and July 2, 2025.”

The initial terms say that proof of purchase isn’t necessary, but without it claimants are limited to compensation for five products. Compensation will be on a pro-rata basis. In other words, there isn’t a fixed compensation amount per claim, instead the $5.5 million sum will be divided among the successful claimants.

It’s worth noting that the settlement does not include an admission of guilt by Corsair, merely it means the company has decided to put an end to litigation with the settlement.

The difference between what the memory kits run at by default and the speeds they can attain under XMP settings are at the heart of the dispute. (Image credit: Future)

“The plaintiffs in the lawsuit allege they were led to believe that the advertised speeds were ‘out of the box’ speeds requiring no adjustments to their PCs,” the settlement website says, “the Court has not decided which side is right.

“Corsair Gaming denies all claims of wrongdoing and denies that it violated any law. The settlement is not an admission of wrongdoing or liability. The parties have agreed to the settlement to avoid the uncertainties, burdens and expenses associated with continuing the case.”

The settlement has been agreed by the protagonists, but has yet to acquire court approval. If the court does approve the deal, Corsair will also be required to adjust the way it advertises RAM.

“The settlement will also require Corsair to take commercially reasonable efforts to implement changes on the packaging, website product pages, and specifications provided to resellers for the covered products. Rated speeds for the products will be listed as ‘up to’ speeds, with the following corresponding text: ‘Requires overclocking/PC BIOS adjustments. Maximum speed and performance depend on system components, including motherboard and CPU.’

Anywho, if you did buy Corsair memory between January 14 2018 and July 2 2025, you have until October 28 to head over to the class action website and register your claim.

Best RAM for gaming 2025

All our current recommendations

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September 16, 2025 0 comments

Esports

Vampire Survivors’ developer created publisher to “share the luck” with other indie studios

by admin September 16, 2025

Poncle founder and Vampire Survivors creator, Luca Galante, has said the team established publishing arm Poncle Presents to “give something back to the indie community.”

In a recent interview with GamesRadar, Galante, who developed and published Vampire Survivors under the studio name Poncle, explained that the (now expanded) team established its publishing arm to share what it learned from the game’s development with other indie studios.

“Basically, we got very lucky with Vampire Survivors,” Galante told the publication. “The game has been so successful that – we definitely made some mistakes when it comes to putting the game out there, but we learned a lot, and wanted to try to sort of share what we learned with other indies.

“It was a way to try and give something back to the indie community, share the luck.”

Indie studio Poncle revealed its publishing division, Poncle Presents, in September 2024, emphasising that it would not operate as a “traditional publisher” but would work more as a label or fund to enable people to “make their games.”

Galante said he sees “a lot of publishers I don’t like” and uses these to “define what a good publisher should be.”

He went on to explain that he sees “a lot” of publishers that “exploit the platforms just to make money,” by putting out “games that are incomplete or in early access that actually never get completed.”

Instead, Galante believes publishers should “make genuine games, genuine products, something that has some real value” and understand “that not everything can be a breakout hit.”

This is the reason Poncle Present plans to “keep supporting games post-launch” regardless of how successful they are because “once you put the game out there, you have an audience, and as big or small as it is, that audience deserves to be treated fairly.”

The publisher has so far released two titles, both indies under $5: Doonutsaur’s arcade roguelite Kill the Brickman and Nao Games’ hack n’ slasher Berserk or Die.

Poncle Presents is primarily focusing on small teams that are “very transparent in what they do,” with Galante seeing a publisher’s role as “making the developers and the players happy” rather than simply a business.

While there are currently no plans for a Vampire Survivors sequel, Poncle announced in 2023 that an animated TV show based on the hit roguelike had been greenlit.

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September 16, 2025 0 comments

NFT Gaming

TON Strategy Starts Share Buyback, Treasury Staking After Shares Plunge 40%

by admin September 13, 2025

TON Strategy Company (TONX) has repurchased over 250,000 shares of its common stock at $8.32 per share, well below its stated treasury asset value (TAV) of $12.18, the company said.

The move is part of its recently launched $250 million buyback program and follows its pivot to position toncoin TON$3.2026 as the company’s primary treasury asset.

The company also announced that it has begun staking its TON holdings to earn rewards by helping secure the blockchain networks, effectively using idle treasury assets to generate yield.

Data from StakingRewards shows that yield could be as high as 4.8%. The company on its website says it owns 217.5 million TON tokens, with each currently trading at $3.24. That would lead to an annual yield near $34 million if the entire treasury were to be staked.

TON Strategy shares are down more than 43% in the last 30 days, and saw a 9.2% drop in Friday’s trading session.

TONX shares have in after-hours trading moved up 3.7%.

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September 13, 2025 0 comments

NFT Gaming

Gemini Prices IPO at $28 a Share Ahead of Trading Open on Nasdaq

by admin September 12, 2025

In brief

Crypto exchange Gemini has priced its IPO at $28 per share ahead of open trading on the Nasdaq.
The pricing tops forecasts after months of investor buildup.
The Winklevoss brothers bring political ties and regulatory baggage into the spotlight, but Gemini’s losses and CFTC battles loom over its market debut.

Gemini, the U.S.-based cryptocurrency exchange founded by Tyler and Cameron Winklevoss, has priced its initial public offering at $28 per share, beating expectations ahead of the start of trading Friday.

Launching on the Nasdaq Global Select Market under the ticker symbol “GEMI,” the deal marks one of the most closely watched debuts in the crypto sector this year, with strong investor demand pushing the IPO well above its original $17 to $19 price per stock range.

The company and its selling stockholders also granted underwriters a 30-day option to purchase up to an additional 758,929 shares to cover over-allotments, though Gemini itself will not receive proceeds from those secondary sales. The offering is expected to close on September 15, subject to customary conditions.

Gemini’s looming IPO

The exchange, founded in 2014, has long been a high-profile player in digital assets. Its twin co-founders first rose to fame through their legal battle with Mark Zuckerberg over the origins of Facebook, later becoming early Bitcoin evangelists. More recently, they became outspoken backers of Donald Trump in his successful 2024 U.S. presidential campaign.

Gemini remains heavily reliant on trading fees, which made up nearly 70% of its $142.2 million in revenue last year. Despite growth in users, losses have ballooned: a net loss of $158.5 million in 2024, and $282.5 million already in the first half of 2025.

In its IPO filing, the company projected confidence, citing its “focus on innovation and a long history of firsts in the crypto industry” as reason to believe it will expand its base.

That optimism is tempered by deepening political and regulatory drama. Brian Quintenz, Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), this week published screenshots of private Signal conversations with the Winklevoss twins.

The regulator sued the company in 2022 for misleading statements tied to its Bitcoin futures products, a case Gemini settled this January for $5 million without admitting wrongdoing.

In the messages, the brothers appeared to question Quintenz’s loyalty to their complaints against the regulator, while referencing potential appeals to the president himself.

The White House later withdrew a planned Senate vote on Quintenz’s nomination.

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September 12, 2025 0 comments

Joining board of directors

“You are my boss now?”

Raising funds to grow the treasury

Shared Gems

You might also like

Forward Industries already holds $1.58M in SOL

Forward Industries to use part of the funds on Solana purchases

Solana treasury companies hit $4 billion in SOL tokens

Ethereum & Altcoins Have Seen Their Futures Volume Rise Recently

ETH Price

In brief

Gemini’s looming IPO

Daily Debrief Newsletter