Ripple announced a partnership with Jeonbuk Bank to deploy Ripple Payments in South Korea to accelerate cross-border transfers. The company also raised $275 million through a private placement of senior unsecured notes to support its operations in the United States. Several Wall Street giants, including Jane Street Group with over 1.2 million shares and Bank of America, have gained exposure to XRP through spot ETFs. Despite these positive developments, XRP fell below the $1 threshold for the first time in nearly two years, although network activity has increased with over 35,500 daily active addresses in August and a whale accumulation of 72 million tokens in 24 hours.
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