Fact Check: Did Ripple Secretly Acquire Uphold or Kraken?

Key Points

1. Ripple's CEO shared an update about the company's legal battle with the SEC, sparking speculation about a possible acquisition.

2. Social media platforms, particularly X (formerly Twitter), were flooded with posts suggesting Ripple had bought a crypto exchange.

3. Ripple has over $1 billion in cash reserves earmarked for expansion, making the rumor somewhat plausible.

4. No official confirmation has been provided by Ripple or any involved exchange, leaving the rumor unverified.

5. The crypto community often engages in speculation, and this rumor included elements like mystery and financial backing.