Gemini

Bitcoin ETF

Spot

Crypto exchange Gemini has set the crypto community abuzz with a series of enigmatic tweets heavily laced with references to XRP, inciting widespread speculation and eagerness among investors and traders. Notably, these <a href="https://twitter.com/Gemini" target="_blank" rel="noopener nofollow">tweets</a> interwove the letters “X” and “R”, with phrases such as “Don’t forget about XRP,” “xcited about XRP,” and “xrriving shortly,” signaling possible new developments. 
One tweet in particular, presenting a riddle, intensified the intrigue: “Can you solve this riddle? In the land of giants, I’m swift and small, when I run I don’t stall. Across borders, I freely roam, in markets near and far from home. What am I? The answer will be posted in 24 hours.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 Can you solve this riddle? 
 In the land of giants, I'm swift and small, when I run I don't stall. Across borders, I freely roam, in markets near and far from home. What am I? 
 The answer will be posted in 24 hours. 
 — Gemini (@Gemini) <a href="https://twitter.com/Gemini/status/1749301946325041529?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">January 22, 2024</a>
</blockquote> 
<h2 id="what-is-the-solution-to-the-xrp-riddle">What Is The Solution To The XRP Riddle?</h2> 
The riddle is widely interpreted by the community as describing XRP. The reference to being “swift and small” in the “land of giants” likely denotes the cryptocurrency’s notable speed and efficiency in the vast and competitive financial sector. The line “when I run I don’t stall” aligns with cryptocurrency’s reputation for fast, reliable transaction processing, often completed within seconds. 
The phrase “Across borders, I freely roam” resonates with the cryptocurrency’s primary application in facilitating swift, cost-effective cross-border transactions. Finally, “in markets near and far from home” accentuates crypto’s extensive global reach, being utilized in diverse markets and nations worldwide. 
Notably, the burgeoning anticipation is not without precedent. In August 2023, following Ripple Labs’ <a href="https://bitcoinist.com/ripple-judge-deems-xrp-sale-non-investment-contract/" target="_blank" rel="noopener ">partial victory</a> against the US Securities and Exchange Commission (SEC), Gemini reinstated XRP deposits and <a href="https://bitcoinist.com/gemini-adds-xrp-to-its-crypto-lineup-post-victory/" target="_blank" rel="noopener ">enabled</a> trading, allowing transactions in various currency pairs, including USD, GBP, and EUR, although not offering custody for the asset. 
Influential figures in the community, like Crypto Eri, have posited theories about Gemini’s cryptic communications. Eri speculated about the potential establishment of a new European Union joint venture for a spot XRP ETF, given Gemini’s recent authorization as a Digital Asset Service Provider (DASP) in France and its role as custodian for VanEck’s newly launched Spot Bitcoin ETF. 
Eri <a href="https://twitter.com/sentosumosaba/status/1749272486959780331" target="_blank" rel="noopener nofollow">conveyed</a> through X, “All this business from Gemini. My guess (Let’s see how close I get) Fact: Gemini Named as Custodian / VanEck’s Newly Launched Spot Bitcoin ETF Fact: Gemini approved 5 Days ago in France as a Digital Asset Service Provider (DASP). A Guess: New EU JV for Spot XRP ETF.” 
The community also drew parallels between the recent tweets and those from August 2023, which preceded the relisting of the crypto asset on Gemini, thereby reinforcing the anticipation of further enhancements to trading options. 
Another theory is that Ripple could be teaming up with Gemini for a potential new partnership akin to other crypto exchanges like <a href="https://bitcoinist.com/bitso-and-ripple-to-handle-mexico-remittances/" target="_blank" rel="noopener ">Bitso</a> or <a href="https://bitcoinist.com/ripple-buys-bitstamp-shares/" target="_blank" rel="noopener ">Bitstamp</a>. The exchange founded by the Winklevoss twins could be facilitating XRP transfers via Ripple Payments. 
If the tweet of the riddle is decisive, the answer to the riddle could be announced tomorrow around 6:24 am UTC (1:24 ET). If the first tweet is the determining factor for the 24-hour deadline, the solution could be announced as early as 5:10 pm UTC (12:10 pm ET) today. 
At press time, XRP traded at $0.52844. 
<img loading="lazy" decoding="async" class="size-full wp-image-276168" src="https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472" alt="XRP price" width="1024" height="472" srcset="https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/01/XRPUSD_2024-01-22_12-05-27.png?resize=1024%2C472?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Gemini Hints At Major XRP News: What’s In Store?

Table of Contents

Bitcoinist

Other articles published on Jan 22, 2024

Shiba Inu Burn Rate Soars 200% As 44 Mln SHIB Destroyed

Crypto Council for Innovation Welcomes Circle and Solana Foundation as New Members

Ethereum Holds Critical Support But Faces Uncertainty at Resistance, Analyst Says ETH Could Go As...

Virginia State Senate introduces crypto legislation

Stock exchange – Markets are preparing to experience a very high-risk sequence!

Counterstrike Cases: An Astonishing $1 Billion Spent in a Thriving Marketplace

Join our free newsletter for daily crypto updates!