#deals
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Ripple eyes $1B XRP treasury while acquiring GTreasury
Ripple is courting ~$1 billion for a new XRP‑focused digital‑asset treasury (DAT) and may seed it with its own tokens, per Bloomberg. The raise would run via a SPAC while Ripple builds corporate rails through a $1B GTreasury buy and other deals. 
SEC staff clears path for DePIN in DoubleZero no-action
In a rare no‑action letter, the SEC’s Division of Corporation Finance said it will not recommend enforcement action against DoubleZero for distributing its 2Z token to network participants, provided the program runs as described. Commissioner Hester Peirce welcomed the move, saying DePIN tokens differ “fundamentally” from the capital‑raising deals Congress asked the SEC to police. 
Universal and Warner plan to monetize AI training
The Financial Times reports that Universal Music and Warner Music are moving toward their first major licensing deals with generative AI companies. The labels want to stop fighting blind against AI systems and start getting paid when models train on or generate music connected to their catalogs. Nothing personal – just business. Google to invest £5bn in UK AI as Trump begins state visit
Alphabet plans to invest £5 billion in the UK over the next two years, starting with a new data centre in Waltham Cross and extra funding for DeepMind. The announcement coincides with President Trump’s state visit, with both sides hinting at more tech deals to follow. 
According to a PitchBook report, crypto startups raised $2.7 billion in the second quarter of 2024 across 503 deals. This marks a 2.5% increase from the previous quarter but a 9.8% decrease from the same period last year. Additionally, the deal count fell by 12.5% from the first quarter of 2024. 
Silvergate is the second-largest bank in the US that deals with cryptocurrency companies, ranking only after Signature. It acts as a crucial link between the crypto world and traditional fiat currencies.
Recently, Silvergate has decided that the best course of action, given the regulatory changes in the industry, is to gradually wind down its operations and voluntarily liquidate. The closure plan guarantees full repayment of all deposits.
In early March, Silvergate had already announced that it would discontinue the Silvergate Exchange Network (SEN).
Several crypto exchanges have already confirmed that they have not been affected by their association with Silvergate and that their clients' funds are safe. 
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