TLDR Crypto · MARKETS & BUSINESS

XRP PRICE SWINGS AFTER FAKE BLACKROCK TRUST FILING

blockworks.co1 min read

Summary from the TLDR Crypto newsletter

A falsified business registration listed as a BlackRock XRP trust triggered significant market volatility yesterday. The phony registration, posted on Delaware’s Division of Corporations website, led to a 10% surge in XRP prices, which later dropped back after confirmation of the fake news. The incident mirrored the fake CoinTelegraph announcement regarding a BlackRock Bitcoin ETF approval that temporarily sparked a market rally.