S&amp;P Dow Jones Indices puts its iBoxx US Treasuries Index on the Canton 
Network, allowing institutions to access bond benchmark data through tokens 
rather than feeds.

Wall Street moves benchmarks onchain as S&P tokenizes Treasury index

Jed McCaleb, the founder of Ripple and Stellar (XLM), has announced plans to 
redirect a whopping $1 billion from his XRP fortune into a new investment 
outside the cryptocurrency space. The crypto founder and Silicon Valley 
billionaire is now turning his focus toward Artificial General Intelligence 
(AGI), aiming to build an AI system based on the human brain. Ripple Founder 
To Invest $1 Billion Into AI Research In an interview with Forbes, McCaleb 
disclosed plans to allocate approximately $1 billion from his estimated $3.9 
billion in XRP holdings to fund efforts focused on AGI. The move comes after 
he previously dropped $1 billion to build a private space station in 2025. 
Related Reading: XRP Expert Says The Moment Has Finally Come, Here’s What He 
Means The new investment is expected to come through the Astera Institute, a 
non-profit research organization based in California that McCaleb founded. 
Recently, the institute has increased its focus on neuroscience-inspired 
approaches to AI development. As a result, in addition to the $1 billion 
allocation for the core AGI project, McCaleb stated that he will pledge 
another $600 million specifically toward neuroscience research. The Ripple 
founder shared his ambitious goal of studying the human brain as a model for 
building more capable, potentially safer artificial intelligence systems. He 
noted that researchers at the Astera Institute intend to use brain-computer 
interfaces to record neural activity patterns in mice as they perform everyday 
tasks, such as navigating mazes. They would then record and use these 
biological data and insights to design completely new AI systems that go 
beyond today’s popular transformer models. In the interview, McCaleb expressed 
skepticism about current mainstream AI methods. He pointed out that while 
transformers, a type of AI model, are good at making predictions, they 
struggle with long-term planning, decision-making, and self-driven goals. He 
believes using a brain-inspired framework could create an AI system that is 
easier for humans to understand and control. Interestingly, McCaleb described 
his time in cryptocurrency as “a big detour” from his deeper interest in AI. 
He explained that he had always wanted to work in artificial intelligence but 
only found the opportunity after stepping back from the cryptocurrency 
industry. He expressed strong belief in his ambitions, declaring that “AI is 
going to be the most transformative thing that humans ever create.” Although 
he remains a pivotal figure in Ripple&#8217;s history, McCaleb left the company and 
sold all his XRP by 2022. A Quick Dive Into McCaleb’s Role In Ripple and XRP 
McCaleb initially entered the crypto industry as a programmer with previous 
experience running the now-defunct Mt. Gox, one of the earliest major Bitcoin 
exchanges. In 2011, he began developing the Ripple protocol and later 
recruited key figures like former Ripple CTO David Schwartz. Related Reading: 
XRP Global Distribution Shows The Major Holders And What It’s Being Used For 
In 2022, McCaleb co-founded OpenCoin, which later became Ripple Labs, now 
Ripple. He founded the company alongside Chris Larsen and served as CTO while 
contributing to the development of the XRP Ledger (XRPL). Following XRPL’s 
launch, McCaleb and other early co-founders each received personal stakes 
worth approximately 9 billion XRP, around 9% of the total supply. This 
allocation contributed significantly to his personal wealth today. Featured 
image from Freepik, chart from Tradingview.com

Ripple Founder Pivots $1 Billion From XRP Fortune Into New Investment

Trump’s push for an extra $200 billion Iran war budget on top of record 
defense spending is forcing crypto markets to reprice geopolitical risk, debt, 
and the dollar in real time. Trump’s reported push to have Arab states help 
bankroll…

Trump’s $200B Iran war ask raises risk-off pressure on crypto markets

U.S. stocks climbed sharply Tuesday as reports of a potential pause in U.S. 
military operations against Iran gave traders reason to step back from the 
exits. Roughly $1.75 trillion was injected back into Wall Street following the 
surge. Bitcoin, Stocks, and Gold Prices Jump The S&amp;P 500 closed up 
approximately 2.4% near 6,496. The Nasdaq […]

Global Markets Rise as Trump and Iran Signal End to Military Operations

Bitget Wallet adds XRP Ledger integration, enabling XRP transfers, RLUSD 
transactions, and cross-chain swaps for 90M users.
The post Bitget Wallet plugs XRP Ledger into its payment stack for 90 million 
users appeared first on Crypto Briefing.

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