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​​Ripple Labs has launched a $700 million share buyback plan, but will this move further delay the company’s long-anticipated IPO? In an email to stakeholders, Ripple CEO Brad Garlinghouse confirmed that the $700 million tender offer began on June 10 and will remain open until July 9. The offer values Ripple shares at $175 each, a striking 135 percent premium over the company’s recent secondary market price of around $74 to $75. Eligible shareholders will have a one-month window to participate in the offer. Investor Jeremy Raper highlighted the timeline in a post on X (formerly Twitter), where he shared a screenshot of the terms. Ripple email. Source: Jeremy Raper on X By offering such a premium, Ripple is signaling both its financial strength and its intent to reward existing shareholders. The move also reinforces confidence in the company’s growth trajectory as it continues to expand despite regulatory headwinds. Compared to Ripple’s previous buyback in Janua...

The Dogecoin (DOGE) market was in for some drama. DOGE’s top advocate, Elon Musk, who is also the man behind Tesla, was accused of manipulating the price of the meme coin. Musk and Tesla were collectively charged $258 billion in damages. More recently, the lawsuit was dismissed by US District Judge Alvin Hellerstein in the US District Court for the Southern District of New York. Also Read: Cryptocurrency: Top 2 Coins That May Give Major Returns In September Legal Battle and Its Impact on Dogecoin’s Price The Lawsuit Against Musk and Tesla In June 2022, a group of Dogecoin investors filed a lawsuit against Musk and Tesla. Musk was previously accused of making profitable trades through multiple DOGE wallets, which Tesla was said to control. Investors claimed that the price of DOGE was inflated through several publicity stunts, Twitter posts, and an appearance on NBC’s Saturday Night Live. They said that the world’s richest man and Tesla frequently timed trades to Musk...