In a surprising and pleasant twist, Ripple, best known for its popular cryptocurrency, XRP, has allied with Jared Isaacman, a close associate of the SpaceX and Tesla visionary, Elon Musk.

Read Also: Legal Expert Points Up What Could Make Ripple and SEC Settle Before End of 2023

Jared Isaacman, the billionaire and founder of Shift4 Payments, was the commander of the Inspiration4 spaceflight which flew to orbit in 2021 using SpaceX’s Crew Dragon Resilience. This was a private spaceflight and part of a fundraiser for St. Jude Children’s Research Hospital. Isaacman also pledged $100 million to support the fundraiser. Now, in his partnership with Ripple, he’s looking to do more good.

Ripple shared this news in a post on its official X account announcing that users could now donate to charities using XRP.

It also stated that the next $50,000 in donations will be matched by 200% in conjunction with Isaacman. The firm also linked to The Maui Emergency Response Fund page on The Giving Block, a notable crypto donation and Shift4 platform.

XRP can now be donated to charities on @TheGivingBlock.

Ripple will be joining Shift4 CEO @rookisaacman and the next $50K USD in any crypto donations made to the Maui Relief Fund will be matched 200%.

Give here: https://t.co/skNk33piBm

— Ripple (@Ripple) September 6, 2023

In a post on X, a popular XRP community member, JackTheRippler (@RippleXrpie), also shared the news that a partner of SpaceX had joined hands with Ripple in a new XRP Project.

The reaction from the XRP community looks favorable with XRPcryptowolf (@XRPcryptowolf) posting, “It’s nice seeing Ripple donating and helping people. They’re actually one of the good companies in the crypto industry.”

Read Also: Amid Claims That Ripple Dumps XRP, Analyst Says “Be Proud To Be Blacklisted”

Another user stated that this is the future we’ve been waiting for. A future where we can harness the power of cryptocurrencies to save lives.

The sales manager of The Giving Block, NICK @TheGivingBlock (@mikhalevsky) also replied saying, “Let’s go @Ripple and the amazing #XRP community!”

This charitable endeavor has the support of most of the XRP community and at the time of writing, over $70,850 has been donated to the Maui Emergency Response Fund that Ripple was matched with, adding up to over $141,700.

Although this collaboration between these two parties does not imply a relationship between them, it has left some users speculating. This might just be one of many future collaborations between the billionaire and the crypto juggernaut.

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The premier cryptocurrency touched a low of $24,711, leading to analogous slumps in related stocks, including Coinbase, Marathon Digital, and Riot Platforms.

The Wall Street Journal’s investigation revealed SpaceX’s complete sale of its Bitcoin assets after reducing the asset’s value for two successive years, 2021 and 2022. “SpaceX wrote down the value of Bitcoin it owns by a total of $373 million last year and in 2021 and has sold the cryptocurrency,” the WSJ reported.

Read Also: Elon Musk Confident About Bitcoin’s (BTC) Future But Predicts a Long Bear Market

While the exact Bitcoin sale amount remains under wraps, SpaceX’s financial records indicate a substantial spend of around $5.2 billion in 2022, covering land purchases, equipment, and research & development.

In 2021, Musk publicly shared that SpaceX held a specific Bitcoin amount, aligning with Tesla’s declaration to buy $1.5 billion in BTC. This move notably pushed BTC to a historic high of more than $43,000.

Tesla, another Musk enterprise, showed similar trends in its Bitcoin asset management. By mid-2023, Tesla’s financial records reflected a Bitcoin worth of merely $184 million, indicating a sale of nearly 75% of its original $1.5 billion investment.

Main Reason Behind The Bitcoin Crash

While the SpaceX Bitcoin sale garnered extensive media attention, the primary trigger for the price crash seems linked to the futures market. This market experienced its most significant futures liquidation since the rise of FTX, accumulating Bitcoin long liquidations of an impressive $386.68 million, as per Coinglass.

Crypto expert, Skew, commented on the sudden market change; “BTC Open Interest and Perp Delta: Well didn’t expect this so soon but very large rinse in OI here. Bybit OI around June levels & Binance Perp Delta hit highest sell delta since June local low. Wild.”

Ki Young Ju, the founder of CryptoQuant, shed light on the unusual BTC price on Coinbase: “BTC price premium on Coinbase up +3%. It’s either 1. Some whale entity dumped BTC on Binance or 2. Coinbase whales are buying the dip.”

Read Also: Whales Moved Bitcoin (BTC) and Dogecoin (DOGE) Worth $531M As Markets Retrace. Here’s the Destination

Skew later suggested potential market strategies by big firms: “Considering the puke came from Coinbase spot, makes sense big firms would bid the pricing inefficiencies on Coinbase and then dump on Binance spot to profit that price difference. Market is in the big boy sandbox now.”

At the time of reporting, Bitcoin’s price was trading at $26477.58, down 7% in the last 24 hours. A rise above the 200-day EMA, ideally reaching the $28,400 mark, would be a hopeful sign for Bitcoin enthusiasts.

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The mission will utilize SpaceX’s Falcon 9 rocket, forming a part of the Nova-C/IM-1 mission, jointly coordinated by Intuitive Machines and NASA. As reported by Spacetvnet, the Falcon 9 Block 5 rocket will carry the DOGE-1 and IM-1/Nova-C payloads, lifting off from Kennedy Space Center, Florida.

Read Also: Estimated Price of Shiba Inu (SHIB) if It Hits Dogecoin (DOGE) Market Cap After Shibarium Launch

Intuitive Machines of Houston will execute a Commercial Lunar Payload Services delivery, ferrying a collection of NASA’s robotic equipment to the lunar surface. The landing will take place in the following weeks after the launch.

One highlight of the DOGE-1 mission is a 40kg cube-shaped satellite, set to orbit the Moon. This satellite is equipped with sensors and a camera to collect valuable lunar-spatial data.

It’s worth noting that the DOGE-1 launch was originally planned for the early months of 2022. However, it experienced postponements due to complications with SpaceX’s Nova-C mission.

SpaceX launching satellite Doge-1 to the moon next year

– Mission paid for in Doge
– 1st crypto in space
– 1st meme in space

To the mooooonnn!!https://t.co/xXfjGZVeUW

— Elon Musk (@elonmusk) May 9, 2021

The DOGE1 Moon Mission is backed by Dogecoin (DOGE)

The remarkable aspect of the DOGE-1 mission is its unique financing. Entirely backed by Dogecoin, it marks the inaugural space expedition funded by a cryptocurrency. Elon Musk validated this groundbreaking news on Twitter. The DOGE1 will act as a compact 40kg rideshare component on Intuitive Machines’ IM-1 mission.

This mission is very important to the Dogecoin community because it’s named after the ecosystem token DOGE, which symbolizes the asset’s journey to the moon. It’s generally believed that it will somewhat impact the price of DOGE.

Read Also: Elon Musk Reacts to Rumors of Plans to Trade Dogecoin (DOGE) and Cryptos on X (Twitter)

The DOGE-1 mission comes after Musk, the self-proclaimed “Dogefather,” hosted its first “Saturday Night Live.” The price of dogecoin fell during his appearance, dropping below 50 cents, despite his cryptocurrency reference.

For SpaceX, the announcement comes on the day the organization created a new record for its Falcon 9 series of rockets. According to CNBC, after launching another batch of Starlink satellites into orbit, SpaceX landed the Falcon 9 rocket’s booster for a 10th time, a benchmark Musk has previously described as key in the organization’s progress of reusing its rockets.

Musk told reporters in May 2018, “It’s designed to do 10 or more flights with no refurbishment between each flight. We believe that the [Falcon 9] boosters are capable of at least 100 flights before being retired. Maybe more.”

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The post Dogecoin to the Moon? Date Set for DOGE-1 Moon, the SpaceX Mission Fully Paid for In DOGE appeared first on Times Tabloid.

During an interview with Bloomberg News Editor-in-Chief John Micklethwait at the Qatar Economic Forum in Doha, Musk stated that he grew an interest in supporting Dogecoin (DOGE) after he was encouraged by some people.

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The billionaire tech expert emphasized the fact that he has never convinced anyone to purchase cryptocurrency, as against the lawsuit filed against him.

Elon Musk noted:

“I have never said that people should invest in crypto. In the case of Tesla, SpaceX, and myself… we all did buy some Bitcoin, but it’s a small percentage of our cash and cash assets…

“I also bought some Dogecoin, and Tesla accepts Dogecoin for some merchandise, and SpaceX will do the same.

“And I intend to personally support Dogecoin because I just know a lot of people who are not that wealthy who have encouraged me to buy and support Dogecoin; so, I’m responding to those people… Just people when I walk around the factory at SpaceX or Tesla, they’ve asked me to support Dogecoin; so I’m doing so.”

"I also bought some Dogecoin & I intent to personally support Dogecoin" – Elon Musk in a recent interview. @elonmusk #Dogecoin pic.twitter.com/TgLDbu9zIq

— DogeDesigner (@cb_doge) June 21, 2022

Read Also: Dogecoin Creator Reveals Who Wrote Most of DOGE Code, As Elon Musk Slams Jackson Palmer for Zero Contribution

Elon Musk Keeps Supporting Crypto despite Class-Action Lawsuit

Despite a $258 billion class-action lawsuit alleging a crypto pyramid scheme, Elon Musk has continued to showcase his interest in the dog-themed token, Dogecoin (DOGE).

I will keep supporting Dogecoin

— Elon Musk (@elonmusk) June 19, 2022

On Thursday, a New York district court received a class action complaint against Elon Musk and his companies, SpaceX and Tesla, for an alleged Ponzi scheme using DOGE. The lawsuit demanded $258 billion in total monetary damages from Musk while requesting the court to rule DOGE trading as gambling in the United States.

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