Ripple Doubles Down: $75M Lifeline to Gemini Fuels IPO Ambitions
Ripple just threw Gemini a $75 million life raft—and the timing couldn’t be more strategic. As the Winklevoss twins’ exchange guns for an IPO, this cash infusion screams 'liquidity crunch' louder than a Bitcoin maximalist at a CBDC conference.
Why it matters: Ripple’s playing investment banker while traditional VCs flee crypto like it’s a Mt. Gox flashback. That $75M credit facility? Either a genius hedge or a very expensive gamble on regulatory clarity.
The cynical take: Nothing unites rivals like shared desperation. When the SEC’s breathing down your neck and IPO windows are slamming shut, even 'competitors' suddenly look like lifelines. Welcome to crypto’s version of musical chairs—the music stopped, and Ripple’s left holding Gemini’s purse strings.
