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Ripple_s Q2 Performance Report Reveals Massive XRP Holdings
American blockchain payments firm, Ripple Labs Inc, has published its Q2 performance report, highlighting its significant ownership of XRP coins. The report distinguishes two categories: XRP in escrow and XRP held by the company. As of June, the total XRP in on-ledger escrow is reported at 41,900,000,005, while the XRP held by the company stands at 5,551,119,094. This indicates a rise in XRP holdings compared to the previous quarter. The release of XRP coins from escrow over the next 42 months aims to enhance operations on the XRPL and other company areas. Recently, several domestic _utives, including CTOs and CHOs, of a certain exchange in China have been investigated by the Chinese authorities. The charges against them include running illegal gambling operations. Additionally, other exchanges have also been subject to investigation, and the founder of a third-tier exchange is also being probed, indicating a widespread scope of the investigation. It is suspected that these exchanges might have been involved in providing funding and settlement services for gambling websites and gambling programs. According to data research from CoinTrace, over the past year, the funds related to online gambling, either directly or indirectly linked to mainstream trading platforms_ hot wallets, have exceeded 7.6 billion USDT.