Tag Archives: billion-dollar

Analyst: This Is Exactly What I’m Preparing You for With XRP

Date: Written By: Follow TheCryptoBasic RP community. Notably, the XRP market now boasts four spot XRP ETFs, which contributed to the impressive inflows on Monday. Interestingly, this performance has only led to stronger speculations about how consistent ETF buying might impact XRP’s price trend. For context, Canary Capital led the ETF campaign with its product debut on Nov. 13, and three more XRP ETFs have since entered the market. Their early performance has encouraged these speculations, especially as investors expect additional issuers to launch competing funds. Advertisement For Monday, Nov. 24, Bitwise CEO Hunter Horsley confirmed that roughly $18,000,000 in fresh inflows entered its ETF product (XRP) in a single day, pushing total inflows to around $135,000,000 within the fund’s first three days. Four XRP ETFs Absorb 80M XRP Meanwhile, game developer and well-known XRP community member Chad Steingraber, who has persistently monitored all four products since they launched, presented data across all products. According to his data, on Monday, the Bitwise XRP ETF traded 1, 452, 944 shares worth $36,599,659. Franklin Templeton’s XRPZ recorded 965, 203 units valued at $23,666,777. Meanwhile, Canary Capital’s XRPC followed with 783, 825 shares totaling $18,772,608, while Grayscale’s GXRP traded 152, 566 units worth $6,717,480. Altogether, the four funds moved $85,756,524 in trading volume that day. Steingraber then discussed their Monday netflows. Specifically, Canary Capital added 3, 193, 377 XRP, Bitwise accumulated 7, 837, 631 XRP, Grayscale acquired 36, 088, 433 XRP, and Franklin Templeton secured 32, 040, 560 XRP. Their combined total reached 79, 160, 001 XRP in one day. This update marked the first day of inflow data for Grayscale’s GXRP and Franklin’s XRPZ. However, it represented the ninth trading day for Canary Capital’s XRPC and the fourth day for Bitwise’s XRP fund. In a follow-up post, Steingraber estimated how much these ETFs could absorb if they kept this pace. Notably, he projected 80, 000, 000 XRP per day, 400, 000, 000 XRP across a five-day week, 1, 600, 000, 000 XRP over a month, and 19, 200, 000, 000 XRP in a year. “This is What I’m Trying to Prepare You For” According to the market commentator, these numbers showed the scale of activity he had tried to prepare the XRP community for. “This is what I’m trying to prepare you for,” Steingraber said, referencing his consistency in tracking these ETFs’ performances. He pointed out that these 80 million XRP inflows from the four funds corresponded with an $85 million volume and predicted that the market would eventually see multiple days of billion-dollar volumes, which would be more than 10 times the current figures. Naturally, these could lead to higher inflows. However, while the funds may continue to attract steady inflows, keeping up 80 million XRP every day may be unrealistic. For instance, updated figures for Tuesday, Nov. 25, show that the four ETFs absorbed 16 million XRP worth $35. 41 million, lower than the 80 million figure. Notably, this total still looked strong but fell well short of the earlier projection. Nonetheless, some days could deliver inflows far above 80 million XRP, possibly balancing weaker sessions. However, no available data guarantees this pattern, leaving analysts to watch how ETF demand develops from here. DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses. Author Mark Brennan Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class. XRP Showing Signs of Recovery but Ichimoku Cloud Puts Resistance at Crucial Level XRP shows signs of recovery as momentum improves, but stiff resistance exists on the upper end of its daily Ichimoku Cloud. XRP is showing steady. Shiba Inu Remains Vulnerable Unless It Reclaims This Key Resistance Shiba Inu shows a mild rebound but remains vulnerable as key resistance levels cap the recent recovery push. Shiba Inu (SHIB) is showing a modest. U. S. PPI for September Rises 0. 3%: Here’s the Potential Impact on Bitcoin Bitcoin could respond favorably, as the latest U. S. Producer Price Index report for September shows a firmer rise in wholesale inflation. The PPI, which tracks. Is Bitcoin Entering Another 2022-Style Crash? Analyst Warns of Rising-Channel Breakdown The current Bitcoin pullback is closely tracking the same rising-channel breakdown pattern that preceded the 2022 downturn. Currently, Bitcoin trades at $86,301, down 0. 5% over. Here is the Level Ethereum Needs to Hold for a Surge Towards $3,300 Ethereum must hold key support levels to avoid further declines and potentially target higher resistance zones, amid recent institutional outflows. The latest Ethereum price chart. Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3 Market data shows that Ethereum, the king altcoin, has dramatically closed in on Bitcoin’s annual performance following Q3 gains. Ethereum has nearly matched Bitcoin’s annual. Analyst RP Route to 2 Digit-Price With Elliott Wave Structure While XRP has faced resistance to its latest recovery effort, XForceGlobal believes it remains in an Elliott Wave structure that could push prices beyond. Millionaire Trader Says XRP to $8 Is Next Chapter, as Generational Wealth Journey Nears Its End A prominent trader has projected where XRP could head during its next leg up, suggesting that the generational wealth journey is close to an. Top Trader Says Shiba Inu Is Also Breaking Out Shiba Inu is attempting a reversal after several weeks of steady decline, with fresh momentum emerging on the charts. According to market analyst TraderSZ, SHIB. Shiba Inu Remains Vulnerable Unless It Reclaims This Key Resistance Shiba Inu shows a mild rebound but remains vulnerable as key resistance levels cap the recent recovery push. Shiba Inu (SHIB) is showing a modest. Expert Says Dogecoin Bullish Reversal Imminent as Grayscale DOGE ETF Goes Live An analysis suggests that the launch of the Dogecoin spot ETF in the US market would trigger a price recovery, potentially leading to new. Here is Resistance Dogecoin Must Reclaim to Surge Towards $0. 185 Dogecoin shows early signs of momentum recovery but must reclaim key resistance levels for further uptick. Dogecoin (DOGE) is showing a mild recovery after recent.
https://thecryptobasic.com/2025/11/26/analyst-this-is-exactly-what-im-preparing-you-for-with-xrp/

Shocking FTX Creditor Allegations Reveal Blocked Billion-Dollar Rescue Bids

A stunning revelation from a former FTX creditor committee member has rocked the cryptocurrency world, alleging that potential billion-dollar rescue bids for the bankrupt exchange were deliberately blocked. These shocking claims suggest creditors may have lost out on massive recovery opportunities due to legal interference. What Did the FTX Creditor Actually Reveal? Arush, a former member of the FTX Unsecured Creditors Committee, dropped a bombshell on social media platform X. He stated that three major companies actively sought to bid for FTX’s assets but faced obstruction from the exchange’s bankruptcy law firm. This FTX creditor’s testimony contradicts official narratives about the bankruptcy proceedings. The alleged interested bidders included: Bullish a major cryptocurrency exchange Figure a blockchain lending platform One unnamed centralized exchange How Could This Have Changed Creditor Recovery? The blocked bids weren’t just ordinary offers. According to the FTX creditor, these proposals involved equity structures that could have added tens of billions of dollars to creditor repayments. This represents far more value than simple cash settlements. The consortium bid organized by the creditors committee envisioned an FTX 2. 0 relaunch. This approach could have preserved enterprise value rather than liquidating assets piecemeal. Every FTX creditor potentially stood to benefit significantly from this alternative path. Why Would Anyone Block Better Deals? The former FTX creditor made serious allegations about motivations. He claimed the law firm obstructed these superior deals to force a liquidation process that would generate higher legal fees. This accusation strikes at the heart of bankruptcy ethics and creditor protection. Moreover, the FTX creditor called recent statements from FTX’s lawyers who claimed there were no interested buyers a blatant lie. The sharing of this post by FTX founder Sam Bankman-Fried adds another layer of complexity to these already serious allegations. What Does This Mean for Future Crypto Bankruptcies? These revelations from a former FTX creditor could set important precedents for how cryptocurrency bankruptcies are handled. The case highlights the critical need for transparency in creditor committees and legal representation. The situation raises crucial questions about: Creditor committee oversight mechanisms Legal fee structures in complex bankruptcies Bid evaluation processes for distressed crypto assets Protections for the average FTX creditor What’s Next for the FTX Creditor Community? The allegations from this courageous FTX creditor have ignited discussions about potential legal challenges to the current bankruptcy process. Creditors may explore options to investigate the blocked bids further and potentially recover lost value. This situation serves as a stark reminder that in complex bankruptcies, the interests of legal professionals don’t always align with those of the people they’re supposed to serve the creditors themselves. Frequently Asked Questions Who is the FTX creditor making these allegations? The whistleblower is Arush, a former member of the FTX Unsecured Creditors Committee who had inside knowledge of the bankruptcy proceedings and potential acquisition offers. Which companies were allegedly blocked from bidding? According to the allegations, Bullish (crypto exchange), Figure (blockchain lending platform), and one unnamed centralized exchange were prevented from submitting formal bids. How much value might creditors have lost? The equity-based proposals could have added tens of billions of dollars to creditor recoveries compared to liquidation values, representing potentially massive losses for each FTX creditor. Why would a law firm block better deals? The allegation suggests the law firm preferred liquidation because it would generate higher legal fees through extended bankruptcy proceedings rather than a quick sale. Has FTX’s legal team responded to these claims? As of now, FTX’s bankruptcy lawyers maintain their position that there were no serious interested buyers, directly contradicting the FTX creditor’s allegations. What can creditors do about this situation? Creditors can potentially petition the bankruptcy court to investigate these allegations and consider challenging the legal team’s actions and fee structures. Did this investigation into FTX creditor allegations surprise you? Share this explosive revelation with others in the crypto community who need to understand the importance of transparency in bankruptcy proceedings. Your shares help ensure these critical issues receive the attention they deserve. To learn more about the latest cryptocurrency regulatory developments, explore our article on key developments shaping cryptocurrency regulatory frameworks and institutional adoption.
https://bitcoinethereumnews.com/tech/shocking-ftx-creditor-allegations-reveal-blocked-billion-dollar-rescue-bids/

Evening Reading – November 11, 2025

Welcome, Shackers, to the end of another Tuesday! We hope you’ve enjoyed everything we’ve had to share as we wind down into our last run of content for the year. The holiday season is almost upon us, and we hope you’re ready for all the fun it brings. As for us, it’s time to bring another day of posting to a close, so here’s your Evening Reading for today. Enjoy!

## In Case You Missed It at Shacknews

– **Pokemon Pokopia** gets March 2026 release date
– **Kingdom Come: Deliverance 2’s** Lead Gameplay Designer has jumped ship to CD Projekt RED
– **Pikmin 4 Version 1.1.0** patch notes bring Field Camera photo mode & Decor Pikmin
– **LEGO The Legend of Zelda** set coming in 2026
– **Reggie Fils-Aime** is surprised Xbox “has not yet embraced the Switch 2”
– **Sony CFO Lin Tao** says Destiny 2 has not reached expectations
– **The Game Awards 2025** will stream on Amazon Prime Video
– **Monster Hunter Wilds Title Update 4** arrives in December
– **Marvel Tokon: Fighting Souls** second closed beta coming in December
– **Sonic Racing: CrossWorlds** brings NiGHTS and AiAi to the starting line
– **Elden Ring Nightreign: The Forsaken Hollows expansion** announced
– **Octopath Traveler 0** is a tale of revenge and rebuilding
– **Lumines Arise review:** Hip to make squares

## More Stuff from The Internet!

**Happy Veterans Day!**
Whether you get one, two, or three days off, we hope those who served get at least one good one.

**RIP to a film legend**
Tatsuya Nakadai was unflappable in his onscreen presence. It’s no wonder Akira Kurosawa went back to him for lead roles.

**Gliding with you**
It must be so nice up there, the world spread out before you, together.

**New Zelda torture devices**
The beauty of Tears of the Kingdom is that there will always be good Tears content for the rest of forever, as long as creative players care to share it.

**A legend returns**
The best to do it. No doubt.

**Joyce joyously jostles depressed deep pocket**
I have rarely ever seen someone rile so effortlessly without ever making a direct attack. Joyce is a treasure.

**Fighting game backgrounds are breaking hearts**
Did you see Colossus hanging out in the back of the X-Mansion? Fans in shambles.

That covers the Evening Reading for this fine November 11.

If you’d like to support Shacknews, consider helping through **Shacknews Mercury**, where you can support the site for as little as a dollar a month. You can also check out our collection of free apps, including **Shackmaps**, where you can explore interactive maps from some of the best games out there, including Mario Kart World and Hollow Knight: Silksong.

Finally, take a look at **Bubbletron**, where you can assemble your latest billion-dollar start-up idea with daily randomized prompts. Can you find the day’s highest value and get the money hat?

Thanks for reading and checking out our content. We’ll be back in the morning with more features and coverage!
https://www.shacknews.com/article/146792/evening-reading-november-11-2025

Justin Sun Stakes $150M in Ethereum as Whales Quietly Load Up

Ethereum Whales Back in Accumulation Mode: Big Names Make Bold Moves

Ethereum whales are returning to accumulation mode, and this time, it’s not just retail panic-buying. Major players are making calculated moves. Justin Sun, the founder of TRON, recently staked 45,000 ETH—worth approximately $154.5 million—through Lido, the largest Ethereum liquid staking platform.

This deposit came shortly after he withdrew the same amount from AAVE, signaling a strategic shift from lending yield to staking rewards. Sun now holds roughly $534 million in Ethereum, slightly more than his TRX holdings valued at around $519 million. For someone who built an empire on TRON, this sends a loud message: Ethereum is still the king of smart contracts, and Sun clearly recognizes its dominance.

Data from Arkham Intelligence confirms this transfer, showing the entire move executed in a single on-chain transaction. This action caused a minor uptick in Lido’s total value locked, reflecting growing confidence in Ethereum staking.

The Billion-Dollar ETH Whale Accumulation

Justin Sun is not alone in making aggressive plays. Over the past three days, on-chain data reveals that whales have collectively purchased 394,682 ETH—worth roughly $1.37 billion.

In a market where many traders are still waiting for Bitcoin to confirm a breakout, smart money is quietly building exposure to Ethereum. These are not retail-level buys but multi-million-dollar inflows from institutional and high-net-worth wallets.

On-chain researcher 0xNonceSense pointed out that this accumulation pattern coincides with ETH’s recent dip, suggesting that whales are heavily dollar-cost averaging rather than chasing price action.

Tom Lee’s Bitmine Makes a Big Entrance

Adding fuel to the bullish narrative, Tom Lee’s Bitmine recently purchased 40,718 ETH—a transaction valued at $137 million. This acquisition represents over 10% of total whale accumulation for the week.

Bitmine’s aggressive positioning signals strong institutional confidence, even as Ethereum price consolidates. Rather than waiting for a breakout, they appear to be betting on it. Market watchers interpret this as a powerful vote of confidence in Ethereum’s fundamentals.

If institutions are increasing exposure while the broader market hesitates, it may mark the early stages of a new accumulation phase for ETH.

Ethereum’s Record 24,192 TPS: A New Scaling Era

While whales accumulate, Ethereum itself achieved a record 24,192 transactions per second (TPS)—the highest throughput in its history. This milestone is largely thanks to Layer 2 (L2) solutions, especially Lighter, which consistently processes around 4,000 TPS since its launch.

This breakthrough signifies the beginning of Ethereum’s scaling era, where L2s handle the execution layer, positioning Ethereum as a settlement and security backbone for the entire ecosystem.

The improvement is not just a technical milestone; it represents a narrative shift. For years, critics pointed to slow transaction speeds and high gas fees as evidence that Ethereum couldn’t scale. Now, the data proves otherwise. Developers and analysts see this as validation that Ethereum’s roadmap is delivering results. L2s are no longer experimental—they are production-ready and driving real usage.

The Bigger Picture: Smart Money Accumulation

When Ethereum whales buy during quiet markets, it often signals the start of a new accumulation cycle. Smart money tends to act before narratives shift, before headlines change, and well before retail buyers notice.

What’s happening now is a perfect example:

  • 394,682 ETH bought in just three days
  • $1.37 billion in inflows
  • 45,000 ETH staked by Justin Sun
  • 40,718 ETH bought by Bitmine

These are strategic moves by informed entities who understand where the market is headed. Ethereum’s fundamentals are stronger than ever—with record throughput, robust validator yields, and a growing ecosystem of L2 projects.

Meanwhile, prices are consolidating, and on-chain data shows consistent outflows from exchanges—a signal that investors are moving ETH off trading platforms into long-term storage or staking.

Why the Market Should Pay Attention

The combination of whale accumulation and record network performance paints a bullish medium-term picture for Ethereum. Historically, similar on-chain activity has preceded major rallies.

The 2021 bull run, for example, began with comparable waves of whale buying focused on staking and long-term holding. The difference this time is the scale and infrastructure in place.

Ethereum’s L2 ecosystem—including Arbitrum, Optimism, and now Lighter—can handle thousands of transactions per second, supporting a global network of decentralized apps and finance.

Simultaneously, the liquid staking economy—led by platforms such as Lido, Rocket Pool, and EigenLayer—offers new yield opportunities, incentivizing whales to hold ETH long-term rather than trade short-term.

The Ethereum story right now isn’t just about price; it’s about conviction. While traders panic over short-term volatility, billionaires and institutions are building long-term exposure.

Justin Sun’s $150 million staking move and Bitmine’s $137 million purchase are clear statements: those with the most information and resources are betting heavily on Ethereum’s future.

With record network speeds, surging whale activity, and a maturing ecosystem, Ethereum appears to be entering a new phase—one led by fundamentals rather than hype.

So, when you see the next dip, remember who’s buying it.

Disclosure: This is not trading or investment advice. Always do your own research before buying any cryptocurrency or investing in any services.

https://themerkle.com/justin-sun-stakes-150m-in-ethereum-as-whales-quietly-load-up/

Why This Helps Altcoins Like Best Wallet Token

**Crypto News: The Long-Awaited Spot XRP ETF May Finally Be Just Weeks Away**

Asset manager Canary Capital has filed an updated S-1, removing the “delaying amendment” that had previously stalled automatic approval—a major step toward the launch of the spot XRP ETF. Thanks to this update, the registration could go “auto-effective,” setting up a potential November 13 launch date, pending Nasdaq’s review of the firm’s 8-A filing.

The move comes immediately after Canary’s recent launches of Solana and HBAR ETFs, both of which went into effect using the same streamlined route and attracted strong early inflows. According to Bloomberg ETF strategist Eric Balchunas, this process could make XRP’s debut one of the fastest ETF approvals in crypto’s history.

Meanwhile, sentiment among regulators and analysts seems increasingly supportive. SEC Commissioner Paul Atkins has endorsed the auto-effective approach during the recent government shutdown. Bitwise CIO Matt Hougan believes an XRP ETF could attract billion-dollar inflows within months, powered by the unwavering conviction of XRP’s cult-like following, often referred to as the “XRP Army.”

Analysts are already eyeing an XRP price rally toward $10, with some projecting much higher targets, mirroring the momentum seen following the successful launch of the Rex-Osprey ETF.

### Retail Traders Shift Focus to Emerging Altcoins and Web3 Platforms

While institutions focus on the ETF boom, retail traders are shifting their attention to emerging altcoins and Web3 platforms that can thrive independently of short-term ETF cycles. One of the best examples of this movement is Best Wallet (EST), an emerging super-wallet that connects users directly to the future of decentralized finance.

### Best Wallet (EST): The Gateway to the Next Wave of Web3 Adoption

As Wall Street embraces crypto ETFs, retail investors require tools providing the same level of accessibility to on-chain finance. Best Wallet (EST) is building that crucial bridge.

Best Wallet is a next-generation Web3 super wallet designed to make crypto participation easy, secure, and rewarding. Powered by Fireblocks’ cutting-edge MPC-CMP technology, it is the first non-custodial wallet to bring multi-chain support, presale access, and decentralized trading together in a single seamless platform.

The app combines three flagship products—Best Wallet, Best DEX, and the upcoming Best Card—into a single powerful crypto hub. Users can hold and trade assets across 60+ major chains, while the Best DEX aggregator automatically hunts down the best on-chain rates for every swap. Meanwhile, the Best Card will enable users to spend their crypto anywhere, earning cashback and rewards on every purchase.

Designed with a mobile-first approach, Best Wallet provides an intuitive, all-in-one experience empowering both novice and experienced investors. Additionally, its “Upcoming Tokens” portal offers access to vetted presales, opening the door to early-stage opportunities while minimizing third-party risk.

Just as ETFs are making crypto accessible to traditional finance institutions, Best Wallet is democratizing Web3 for everyone—setting a new standard for safety, simplicity, and on-chain opportunity.

### EST Tokenomics: Staking, Momentum, and Long-Term Growth

As institutional money flows into ETFs like XRP and Solana, retail investors seek tokens that offer more than just price speculation. Best Wallet (EST) delivers yield, utility, and real ownership—everything retail investors desire.

The ongoing EST presale has already raised over $16.7 million, with tokens currently priced at $0.025875—a strong signal of confidence in the ecosystem’s long-term sustainability. By staking EST, holders can earn up to 78% APY, while unlocking governance rights and early access to new DeFi integrations within the Best Wallet ecosystem.

Every layer of Best Wallet is engineered to make Web3 participation secure, seamless, and rewarding. From its Fireblocks MPC architecture to its presale discovery hub, EST turns everyday crypto activity into an intuitive, income-generating experience.

As institutions pour into large-cap crypto ETFs, EST builds the bridge to what’s next—giving retail users direct access to growth, yield, and innovation across the decentralized economy.

**Join the Best Wallet (EST) presale today—your smart, secure gateway for real on-chain opportunities!**

*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related activities. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.*

**About the Author**

Kosta joined the Coindoo team in 2021 and quickly established himself with his thirst for knowledge, incredible dedication, and analytical thinking. He covers a wide range of current topics and writes excellent reviews, PR articles, and educational materials. His articles are frequently quoted by other news agencies.

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https://bitcoinethereumnews.com/finance/why-this-helps-altcoins-like-best-wallet-token/?utm_source=rss&utm_medium=rss&utm_campaign=why-this-helps-altcoins-like-best-wallet-token

Newsom’s story about ‘hustling’ to pay the bills raises eyebrows, given his family’s ties to billionaire heir

California Governor Gavin Newsom’s characterizations of his humble origins have recently raised eyebrows, given his family’s ties to the late billionaire heir Gordon Getty.

During a recent appearance on the “All The Smoke” podcast, Newsom recounted how his mother, who divorced his father when he was young, hustled to make ends meet.

“My mom was 19, pregnant and divorced a few years later, with two kids,” he said on the podcast. “Came from no money and just hustled. You know, worked hard, grinding every single day. Two and a half jobs, no bulls-.”

“We had roommates all the time because she couldn’t afford the rent,” he continued. “It was also about paying the bills, man. It was just like hustling and so I was out there, kind of raising myself, turning on the TV, just getting obsessed. I was sitting there with the Wonder Bread, the macaroni and cheese.”

Throughout his career, Newsom has shared similar stories implying that he grew up in poverty or the lower middle class, seemingly to be more relatable to voters. Over the summer, for example, he claimed to have slept on the couch while his sister slept in a hallway because their mother had to rent out the spare bedroom.

However, skeptics have pointed out that Newsom’s late father, William Newsom, a former associate justice on the California Court of Appeals, served as a high-profile attorney for Getty’s billion-dollar fortune. William was so involved with the Getty family that he even helped deliver the ransom payment during the kidnapping of John Paul Getty III.

The elder Newsom previously explained that he was limited in helping Gavin’s mother financially due to his costly 1968 Senate run.

“I made a foolish mistake of putting my own money in it and losing,” he said, according to a 2003 San Francisco Chronicle article. “I had a huge deficit when it was over. I lost my law practice in the process. Things were unraveling. It took me quite a while to pull myself out financially. Tessa was working a number of jobs. Gavin had jobs after school.”

He later added, “I was around people of wealth, but I never had any money, nor did Gavin.”

Yet, after Gavin graduated from Santa Clara University, he launched a boutique winery, PlumpJack Group, with Getty’s financial backing.

“Anyone with more than an inch of curiosity would know that Governor Newsom was raised by his mother after her divorce from his father when he was 3 years old,” a Newsom spokesperson told The Post.

“He has talked about moving between two different worlds, but he was raised by a mother who worked three jobs at one point — secretary, waitress, and paralegal.”

Notably, Newsom attended kindergarten and first grade at École Notre Dame des Victoires, a Catholic school.

In August, Newsom trolled Vice President JD Vance by sharing a stylish photo purportedly of himself in high school wearing a fancy scarf, juxtaposed with a throwback picture of Vance in high school wearing a plain t-shirt, standing next to women posed in front of urinals.
https://nypost.com/2025/10/26/us-news/gavin-newsoms-story-about-hustling-to-pay-the-bills-raises-eyebrows-given-his-familys-ties-to-billionaire-heir/