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Galaxy Digital, Ripple, and the $160M MoonPay Deal During the TRUMP Boom

Keith Grossman, President of the cryptocurrency exchange MoonPay, has revealed that the digital asset services firm Galaxy Digital and the blockchain infrastructure provider Ripple Labs helped his company handle the weekend boom that came with the launch of the Official Trump (TRUMP) meme coin. Speaking at the When Shift Happens podcast, Grossman explained that Galaxy Digital founder and CEO Mike Novogratz and Ripple Labs CEO Brad Garlinghouse collectively gave MoonPay loans worth $160 million during the weekend that U.S. President Donald Trump launched TRUMP. What Happened? Trump released his meme coin on the Solana network three days before his inauguration as the new president of the United States. On Friday, January 17, TRUMP went live, and the crypto community went berserk. Capital was flooding into the token, and its market cap grew by billions within hours. According to Grossman, the TRUMP team directed the token to Moonshot, a self-custodial wallet that uses MoonPay to convert fiat to crypto. Because the exchange has exclusive rails to the wallet, there was an explosive surge in trading volume on the platform by the morning of January 18. Unfortunately for MoonPay, the liquidity needed to ensure TRUMP transactions were successful was locked up in the leading asset management firm BlackRock in a manner similar to traditional finance (TradFi) entities. So, MoonPay’s reserves were declining speedily, while the team had no access to the exchange’s capital because it was a weekend. Worse still, they could not access the capital by Monday, January 20, because it was deemed a public holiday due to Trump’s inauguration. In the heat of the moment, Grossman reached out to Galaxy’s Novogratz, explaining that Moonpay needed at least $100 million in USD Coin (USDC) to sustain liquidity for the TRUMP boom. After reaching out to BlackRock’s executives to confirm that MoonPay had enough capital like Grossman claimed, Novogratz provided the funds needed about an hour before midnight on January 18. Moonpay Gains 750K New Users Interestingly, Galaxy Digital’s executives asked MoonPay co-founder and CEO Ivan Soto-Wright to pledge his entire net worth for the loan, and he did so without hesitation. Soto-Wright also liquidated his personal bitcoins (BTC) to keep MoonPay’s liquidity running until the loan was secured. By the morning of January 19, Moonpay needed another $60 million because the TRUMP mania had gotten even crazier. Coupled with the surge in TRUMP trading volume, U.S. First Lady Melania Trump launched her meme coin, Official Melania Meme (MELANIA), which was also booming . Soto-Wright contacted Garlinghouse, and the Ripple CEO agreed to wire the money through Galaxy Digital. Grossman further disclosed that MoonPay repaid the loans before the evening of January 21 and that the company gained 750,000 new users during the TRUMP and MELANIA boom. The post Galaxy Digital, Ripple, and the $160M MoonPay Deal During the TRUMP Boom appeared first on CryptoPotato . AMB Crypto

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Artprice by Artmarket Reveals 2025–2029 AI Roadmap at Global AI Action Summit in Paris

PARIS, Feb. 12, 2025 /PRNewswire/ – Following the recent Global AI Action Summit in Paris, Artprice by Artmarket, a world leader in art market data for 28 years, has announced its strategic roadmap for 2025–2029. The company also showcased the initial success of its Intuitive Artmarket® AI, reinforcing its position as a global leader in AI-driven art market intelligence. Artprice by Artmarket.com is listed on the regulated Euronext Paris market. Global AI Action Summit Highlights Held on February 10–11, 2025, at the Grand Palais, the AI Action Summit gathered representatives from nearly 100 countries, including heads of state, business leaders, academics, and AI experts. This summit was part of AI Action Week , featuring events such as scientific conferences at École Polytechnique and a cultural weekend organized by the French Ministry of Culture. Rachida Dati, French Minister of Culture , emphasized AI’s dual role: fostering creativity while addressing risks in the cultural sector. Artprice actively participated, previewing key data from its upcoming 30th Annual Art Market Report , produced with Artron Research Academy of Arts . The report, distributed in 122 countries and 11 languages, highlights France as Europe’s top art market by auction turnover. Artprice’s Strategic AI Vision Artprice’s roadmap focuses on expanding the capabilities of its Intuitive Artmarket® AI , which launched successfully on January 9, 2025. This AI tool analyzes vast datasets to enhance art market insights, including price forecasting, artwork traceability, and trend detection. The adoption of this AI among Artprice’s 9.3 million users has significantly boosted recurring revenue. The company’s proprietary algorithms process 35MB of data per second per employee , outperforming European averages by over 20 times. This data-driven approach strengthens Artprice’s leadership in the art market and AI integration. AI Developments: AIDB Search Artist® and Blind Spot AI® Artprice announced the development of new AI tools, including AIDB Search Artist® , which allows users to identify artworks through images, similar to Google Lens. This tool leverages Artprice’s extensive database of over 210 million images and 861,000 artists . Additionally, Artprice introduced Blind Spot AI® , an innovative concept designed to detect hidden trends within structured data. This AI technology offers new perspectives for galleries, auction houses, and art collectors. France’s AI Ambitions and Global Partnerships During the summit, President Emmanuel Macron outlined France’s goal to become the world’s third-largest AI hub, following the U.S. and China. France plans to invest €109 billion in AI, with contributions from companies like Microsoft, Amazon, BlackRock, and MGX. Key initiatives include training up to 100,000 AI researchers by 2030 and establishing 35 data centers . The summit also featured global leaders such as UN Secretary-General António Guterres , U.S. Vice President J.D. Vance , Chinese Vice Premier Ding Xuexiang , and executives from OpenAI, Google, and Microsoft. A new AI energy impact observatory , led by the International Energy Agency, was established to promote sustainable AI practices. Artprice’s AI Growth Strategy for 2025–2029 Artprice plans to develop 20 specialized AI tools across various departments, including econometrics, artist biographies, and market analytics. Its partnership with NVIDIA’s Project DIGITS will enhance computing power, enabling faster AI model training and data analysis. Artprice’s AI strategy focuses on proprietary data, minimizing reliance on third-party sources and reducing the risks of data inaccuracies or legal challenges. This approach ensures long-term sustainability and potential growth in subscription revenues. Addressing AI’s Environmental Impact Artprice acknowledges the environmental concerns related to AI’s energy consumption. The company supports AI models that are energy-efficient and sustainable, aligning with broader global efforts to reduce carbon footprints in the tech industry. About Artprice by Artmarket Artprice by Artmarket.com is a global leader in art market information, managing historical and current data on over 863,000 artists . Its databases, enriched by partnerships with 7,200 auction houses , offer comprehensive insights into the art world. Artprice’s services include the largest art market image bank , featuring over 181 million digital images from 1700 to the present. Artprice is listed on Euronext Paris and has received the French government’s “Innovative Company” label twice. The company is part of Groupe Serveur , a pioneer in internet technologies since 1987. For More Information: Website: www.artprice.com | www.artmarket.com Media Inquiries: ir@artmarket.com Annual Reports: 2023 Global Art Market Report AMB Crypto