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Bitcoin Mining Shares Surge Following Jane Street’s Strategic Entry
According to regulatory filings, Jane Street Group disclosed passive stakes in several public bitcoin miners on Oct. 23 and Oct. 24, 2025, sending a ripple through mining stocks. Reports have disclosed holdings of about 5.4% in Bitfarms Ltd., 5.0% in Cipher Mining Inc., and 5.0% in Hut 8 Corp, all shown on Schedule 13G forms that signal non-activist positions.
Jane Street Discloses StakesThe filings list Jane Street as a passive investor rather than an activist owner. Based on reports, the group’s move is being read as a vote of confidence in the miners as public companies, not necessarily a plan to run them. The exact dollar value of the stakes was not in the filing summaries made public, but the percentage holdings were clear.
Market Moves After The FilingsStock traders reacted fast. Cipher Mining climbed roughly 13% on the day of the filings, while other miners also saw gains as investors priced in the news.
Shares jumped because market participants often view big, visible positions by large trading firms as a signal that the asset is worth a closer look.
Volume in the miners’ names increased as well, with many more shares changing hands than on an average trading day.
Institutional Context And ActivityJane Street has been active in digital assets trading for several years and has taken roles that include providing liquidity and working with ETF issuers.
Reports show the firm’s crypto trading grew significantly in recent years, with figures around $110 billion in trading activity in 2023 mentioned in industry coverage.
The firm has also acted as an authorized participant for some spot bitcoin ETF processes, which means it is involved in the markets that connect funds to underlying bitcoin exposure.
What This Means For MinersFor the mining companies, visible institutional stakes can bring both benefits and scrutiny. On one hand, more interest from big firms can open doors to capital and improved market credibility.
On the other hand, mining remains tied to the price of bitcoin, power costs, and regulatory decisions about energy use and hosting. Reports have warned that some market watchers think the positions may be part of broader trading strategies rather than simple long-term bets.
Analysts and market commentators said the filings are worth watching, but they also advised caution. Mining stocks are volatile; they can move sharply when bitcoin moves, when energy deals are announced, or when hardware shifts occur.
Featured image from Vecteezy, chart from TradingView
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Bitcoin Accumulator Capital B The Most Underrated BTC Treasury – Here’s Why
In the rapidly evolving landscape of corporate Bitcoin treasuries, certain names often dominate the headlines, celebrated for their pioneering strategies in accumulating BTC. As institutional adoption continues its march, Capital B is emerging as BTC’s most overlooked institutional treasury, prompting a critical re-evaluation of who the true quiet accumulators in the BTC space really are.
Capital B Influence On Bitcoin Supply DynamicsBitcoin treasury strategy is often characterized by big names and loud announcements, but the most compelling strategy is executed in silence. According to an analyst known as Zynx on X, Capital B is the most underrated BTC treasury in the market today. Despite being super volatile and heavily shorted, the company continues to add BTC per share. He also stated that Capital B raised €58 million at a 2.35 mNAV during a collapsing market.
However, the involvement of backers like TOBAM and the infiltration of the life insurance market in France are extremely promising. Meanwhile, the innovation of the Bitcoin-denominated convertible bond is arguably one of the best pieces of financial engineering developed in the space, aside from Strategy’s pioneering work.
Zynx believed that the wider BTC treasury space is neglecting Capital B. Since a proper US OTC listing is not happening anytime soon, the immense liquidity and attention of the American retail and institutional market have not fully flowed over to the stock. Also, during one of Alexandre Laizet’s French-language livestreams, over 1,400 listeners tuned in concurrently.
“Every few weeks, I like to make a post like this just to make it known that I might not talk about Capital B every day, but it’s certainly one of my favourite stocks that I’ve been adding all the way down. I’m backing them to be the best-performing European equity over the next 5 years.” Zynx mentioned.
Is Bitcoin Becoming The Digital Gold Investors Hope For?A market analyst and investor who is known for his focus on Bitcoin, Davide, has revealed that BTC is starting to act less like a volatile tech stock and increasingly like a true macro hedge. Despite the recent Consumer Price Index (CPI) uptick in inflation, BTC held firm near $110,000, showing resilience, while gold has also stayed steady during this period.
Presently, it appears that the markets across the board are signaling a shared understanding that inflation isn’t re-accelerating, the prospect of rate cuts remains on the table, and liquidity is still very much alive within the financial system. According to the expert, BTC’s calm reaction reflects growing maturity and confidence in long-term holders.
The First Ever Spot XRP ETF To Be Approved In The US Just Hit A Major Milestone
The REX-Osprey XRP ETF (XRPR) has achieved a major milestone. The product, launched on September 18, 2025, by REX Shares in partnership with Osprey Funds, has now surpassed $100 million in assets under management (AUM).
The announcement, which was made on X by REX Shares, is a defining moment for XRP investment products, as XRPR becomes the first ETF in the United States to provide investors with regulated exposure to the digital asset’s market price.
XRPR Reaches Major MilestoneThe fund’s rapid growth to over $100 million in AUM in just over a month shows the intense interest in XRP-related products among crypto investors, who have been fervently waiting for a Spot XRP ETF.
According to its structure, XRPR is tracking the performance of XRP’s spot market while complying with existing US regulations. As shown on the XRPR website, it does this by investing at least 80% of its assets in XRP and related instruments through the REX-Osprey XRP subsidiary, rather than holding the token directly.
Under normal market conditions, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in XRP and other assets that provide exposure to XRP’s price movements. However, although it seeks returns that correspond closely to XRP’s performance, its results will not fully replicate the token’s market price.
This setup allows XRPR to operate within the framework of the US Investment Company Act of 1940, similar to traditional equity or commodity ETFs. Although it provides spot exposure to XRP’s price movements, it differs from something like BlackRock’s Spot Bitcoin ETF (IBIT), which holds the cryptocurrency itself in custody. Still, the structure gives investors regulated access to XRP’s price performance without relying on futures or derivatives.
Spot XRP ETF Applications Still Await SEC DecisionAs it stands, XRPR is currently the only XRP ETF available in the US. However, several major asset managers, including WisdomTree and CoinShares, have filed applications for pure spot XRP ETFs that would have the structure of spot Bitcoin ETFs. These proposed funds would directly hold XRP in custody and offer complete one-to-one exposure to its market price.
The final deadline on most of these Spot XRP ETF applications was set between October 19 and October 25. However, progress has stalled due to the ongoing US government shutdown, which has effectively frozen the Securities and Exchange Commission’s (SEC) review process.
Just weeks before the shutdown, the SEC introduced a new set of generic listing standards for commodity-based exchange-traded products to fast-track their launch. However, until the government reopens, no new ETF approvals, crypto or otherwise, can move forward.
At the time of writing, XRP is trading at $2.54, up by 3.6% in the past 24 hours.
Featured image from Pexels, chart from TradingView
CFTC Chairmanship: Trump Taps SEC’s Michael Selig For Top Role – Details
US President Donald Trump has selected Michael Selig to lead the Commodity Futures Trading Commission (CFTC) in a major development on Friday. This move adds to the long list of positive actions by the Trump administration targeted at providing regulatory clarity for the crypto industry.
Pro-Crypto Selig Gets Nod For CFTC LeadershipOn Friday, Bloomberg reported that the White House is set to name Michael Selig the new Chairman of the CFTC. Selig is expected to take leadership from Caroline D. Pharm, who has been serving as acting Chairman since January 2025.
Selig is a lawyer by profession and gained prominence working as a partner specializing in crypto at Willkie Farr and Gallagher LLP. The incoming CFTC boss has also previously worked as a clerk for former CFTC commissioner and chairman Chris Giancarlo. Presently, Selig serves as chief counsel to the crypto task force of the US Securities and Exchange Commission (SEC) and also a Senior Adviser to SEC Chairman Paul Atkins.
Apparently, Trump had previously settled on Brian Quintez, a former CFTC commissioner and present policy head at a16z crypto. However, opposition from Gemini’s Tyler Winklevoss, who cited a conflict of interest, resulted in a change of direction.
Selig’s nomination has now been submitted to the US Senate. If approved, he will assume leadership of the CFTC at a pivotal moment, as regulators and legislators work to shape a federal regulatory framework for the cryptocurrency industry. Selig’s tenure must maintain focus on the challenge of bridging regulatory approaches between the SEC and CFTC, aiming to establish clearer oversight for both traditional financial markets and digital assets.
Trump Keeps Up The Pressure On Crypto ReformWith Selig’s appointment as the new CFTC Chairman, Trump takes another step in demonstrating his commitment to the crypto industry, fulfilling one of his key campaign promises in making America the crypto capital of the world.
The ongoing regulatory shake-up, which includes Selig’s nomination and the earlier appointment of SEC Chair Paul Atkins, has ushered in initiatives such as the SEC’s Project Crypto and the CFTC’s Crypto Sprint, both aligned with the White House’s broader digital asset agenda.
Meanwhile, legislative progress continues with the recent approval of the GENIUS Act, aimed at regulating the stablecoin sector, while other pivotal proposals, including the CLARITY Act, remain under congressional consideration.
At press time, the total crypto market cap is valued at $3.74 trillion after a 0.15% gain in the past day. Meanwhile, total trading volume is down by 15.06% and valued at $130.06 billion.
Is Ripple Tapping Into A $12 Trillion Industry? Pundit Breaks Down US Repo Market
The discussions surrounding Ripple’s strategic expansion have reached a fever pitch, with analysts suggesting that the crypto payments company may be positioning itself to tap into a new $12 trillion United States (US) repo market. Recent reports and acquisitions hint that Ripple’s growing ambition to bridge digital assets with Wall Street’s largest liquidity systems could significantly influence XRP’s utility beyond cross-border payments.
Ripple Eyes Entry Into $12 Trillion Repo MarketA recent X post by a crypto analyst known as ‘X Finance Bull’ has ignited discussions in the crypto community, claiming that Ripple’s latest acquisitions signal a direct entry into the US repo market. Contrary to the previously cited $6 trillion valuation, the expert disclosed that the repo market’s actual value may be nearly twice as high, approaching $12 trillion and making it one of the largest liquidity pools in the world.
The repo market, which X Finance Bull calls the “real liquidity backbone of the global finance system,” plays a vital role in facilitating short-term funding and liquidity throughout international economies. Ripple’s strategic entrance into this domain could mark a new chapter in how capital moves across borders and institutions. Moreover, the analyst mentioned that Ripple’s recent acquisition of cloud-based SaaS platform, GTreasury and prime brokerage Hidden Road appears to be pivotal in its strategy to tap into the $12 trillion repo market.
According to the analyst, these moves extend Ripple’s reach beyond traditional remittance and cross-border payment solutions, unlocking idle capital that resides within some of the world’s most powerful financial markets. GTreasury, for one, provides Ripple access to sophisticated capital management infrastructures. Combined with Hidden Road, the crypto company now sits at the intersection of traditional finance and digital asset liquidity.
X Finance Bull stressed that Ripple is building “the foundation of modern monetary plumbing,” and now it is paired with 24/7, 365-day real-time settlement powered by a decentralized ledger. He urged market observers not to focus solely on the XRP price but on Ripple’s strategic positioning.
Ripple CEO Announces Complete Acquisition Of Hidden RoadRipple CEO Brad Garlinghouse announced on October 24 that the company has officially finalized the acquisition of Hidden Road, which will now operate under the name “Ripple Prime.” This development marks the crypto firm’s fifth major acquisition in roughly two years, joining GTreasury last week, Rail in August 2025, Standard Custody in 2024, and Metaco in 2023.
With these acquisitions, Garlinghouse revealed that Ripple is building solutions toward enabling an “internet of value.” The CEO reminded the community that XRP remains central to every aspect of Ripple’s expanding network. The launch of Ripple Prime also marks a significant milestone, making Ripple the first-ever cryptocurrency firm to own and operate a global, multi-asset prime brokerage.
Featured image from Wallup, chart from TradingView
Tether Projected To Hit $15 Billion Profit In 2025 – Report
Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets.
Tether In Funding Talks With Prospective TradFi InvestorsIn a recent post on Friday, Bloomberg shared key developments on Tether Holdings Ltd, operator of the largest stablecoin in the market. Notably, the company’s CEO and popular crypto figure Paolo Ardoino outlined positive profit predictions of $15 billion by 2025’s end, while speaking in an interview at the recent Plan B Forum in Lugano, Switzerland.
Bloomberg’s report indicates this projection can be linked to a rapid stablecoin adoption combined with surging investors’ interest in an equity stake in the market’s biggest player. In July, US President Donald Trump signed the GENIUS Act into law, thereby creating a comprehensive regulatory framework for stablecoin operations.
The legislation addresses several aspects, such as licensing, reserve requirements, consumer and investor protection, and market structure, thereby helping demystify and provide the needed guardrails for a nascent financial industry.
According to Bloomberg, Tether entered discussions with prospective investors last month to raise $20 billion in exchange for a 3% stake in its company. Among these companies reportedly include Japanese firm SoftBank Group Corp. and London-based Ark Investment Management.
Paolo Ardoino spoke about these potential investments, explaining Tether’s approach and openness to such partnerships.
Ardoino said:
We have been contacted by an enormous amount of companies that want to invest in us. We have to draw a line in the sand on a valuation that we think is very cheap.
He further added:
There are many funds and tech funds that have in their portfolio many companies that could use part of our technology and other offerings that we have. It’s about synergy and creating bigger impact.
Tether’s USDT currently boasts a market cap value of $182.92 billion, showcasing a 57.5% dominance in the stablecoin market. The company is reportedly set to launch a new USAT token in December, designed to be a US-focused product in compliance with federal regulations, as indicated by the GENIUS Act.
Tether-Backed Rumble Introduces Bitcoin Tip CreatorsIn other news, video-sharing platform Rumble is now set to introduce Bitcoin tipping for its creators, according to its CEO Chris Paglovski, while speaking onstage also at the Plan B Forum in Switzerland.
Notably, the company is teaming up with Tether on this feature, with projections of a full rollout in the next five to seven weeks. This development follows the stablecoin issuer’s notable investment of $775 million into Rumble in December 2024.
Is Bitcoin Price Going To $30,000? Bearish Indicator Suggests Possible 70% Decline
The Bitcoin price had another rollercoaster performance in the past week, surging to over $113,000 by mid-week before crashing back down to around $107,000. While the premier cryptocurrency’s price action has steadied in the past few days, market uncertainty still seems to be the order of the day.
However, the Bitcoin price seems to be leaning more toward a bearish setup, as suggested by the negative shift of a relevant technical indicator on a longer timeframe. Below is what happened to the price of BTC the last four times this indicator flipped bearish.
BTC Price At Risk Of 70% Correction: AnalystIn an October 24 post on the social media platform X, crypto analyst Ali Martinez put forward a bearish outlook for the price of Bitcoin. The online pundit revealed that the market leader might have returned to a familiar position that has often led to significant losses (approximately 70%) in the past.
This bearish prediction is based on the changes in the Moving Average Convergence/Divergence (MACD) indicator, which shows the relationship between moving averages of an asset’s price (the Bitcoin price, in this context). Typically, a cross of the MACD line above the signal line is a bullish sign for the asset’s price.
Meanwhile, when the MACD line crosses beneath the signal line, it indicates that the asset might be taking a bearish structure. As seen in the highlighted chart, the Bitcoin MACD line just crossed below the signal line on the monthly timeframe, which means that the flagship cryptocurrency could be gearing up for an extended period of downward price movement.
What’s more striking is the historical performance of the Bitcoin price whenever this MACD crossover occurs. According to Martinez, the price of BTC has seen an average drop of 70% in the last four occasions this indicator flipped to negative.
The last time the Moving Average Convergence/Divergence indicator turned bearish was in September 2021, starting the eventual descent of the market leader to around $16,000 mark in November 2022. As shown in the chart, the Bitcoin price fell by more than 70% in this period.
If history is to go by, this means that the price of BTC is at risk of a 70% decline over the next few months, putting the target at around $33,000 from the current price point.
Bitcoin Price At A GlanceAs of this writing, the price of BTC stands at around $110,540, reflecting no significant change in the past 24 hours.
Polymarket Confirms Token Airdrop, But US Launch Is Priority — Details
According to the firm’s Chief Marketing Officer Matthew Moddaber, Polymarket will launch a cryptocurrency, but floating an app for its United States users is the current priority. This revelation comes after the crypto prediction platform’s founder, Shayne Coplan, teased the potential launch of a “POLY” token.
Token Release To Come After US App LaunchIn a recent interview, Moddaber disclosed that Polymarket will eventually launch a crypto token, which will be accompanied by an airdrop. The company’s executive claimed that they intend to provide value through the potential launch of a cryptocurrency.
Moddaber said in the interview:
We could have launched a token whenever we wanted, and it’s just how thorough we want to be about it. We want it to be a token with true utility, longevity, and to be around forever, right? That’s what we expect from ourselves, and that’s what I think everyone in the space expects from us.
However, the Polymarket Chief Marketing Officer highlighted that the primary focus is currently on the US app launch. As Bitcoinist reported in September, the crypto prediction platform has received the green light from the Commodity Futures Trading Commission (CFTC) to launch in the United States.
Moddaber questioned the need to rush a crypto token launch when the priority should be on the US app. “After the US launch, there will be a focus on the token and getting that live and making sure that it’s well done,” the marketing executive said.
While Polymarket has had its fair share of trouble with the regulatory authorities in recent years, the recent approval by the US CFTC represented the end of investigations into the crypto prediction platform.
Polymarket Continues Massive Valuation GrowthPolymarket, which gained prominence in 2024 during the 2024 US elections, has become a major player in the prediction market over the past year. As a result of this growing popularity, the firm has been able to secure a number of partnerships in recent months.
Most recently, the crypto prediction firm secured a $2 billion investment from the New York Stock Exchange’s (NYSE’s) parent company, Intercontinental Exchange (ICE). This funding round brought its valuation to around $9 billion earlier this month.
According to the latest report, the company is reportedly preparing for another funding round, as it eyes a $15-billion valuation.
Ripple Joins Major Stakeholders In Published White House List As XRP Rebounds
Ripple has been listed alongside major firms as those who donated to a White House project. This comes as XRP rebounds, recording significant gains today.
Ripple Among Big Tech Firms That Donate To White House ProjectXRP influencer Pumpius shared in an X post the private donor list of U.S. President Donald Trump’s new White House ballroom, which included Ripple. Other crypto firms on the list included Coinbase and Tether America, while Gemini founders Cameron and Tyler Winklevoss were also on the list.
Meanwhile, Ripple was listed alongside top tech firms like Amazon, Meta, Palantir, and Google. It is worth mentioning that this isn’t the first time that the crypto firm has donated to Trump or his administration. The company had donated almost $5 million to the U.S. president’s inauguration. Meanwhile, Ripple executive Stuart Alderoty had also donated to Trump’s campaign last year.
Ripple’s donation to the White House ballroom project has sparked excitement in the XRP community, as it could further strengthen ties between the firm and the Trump administration. This is a positive for XRP, which is at the center of Ripple’s operations. Notably, Trump had previously mentioned XRP as one of the coins to be included in the national digital asset stockpile.
The payment firm has also recorded major wins since Trump took office at the start of the year. This includes the dismissal of the XRP lawsuit, thanks to the regulatory clarity that the administration has provided. Ripple’s CEO, Brad Garlinghouse, also revealed that their operations in the U.S. had grown significantly since Trump won the elections. The crypto firm has also made three major acquisitions this year, including the purchase of prime broker Hidden Road.
XRP Rebounds Amid This DevelopmentThe XRP price has rebounded amid Ripple’s donation to the White House ballroom project. Notably, the token is the biggest gainer today among the top 10 cryptos by market cap. This comes despite the market downtrend, with Bitcoin trading sideways at the moment. Ripple’s donation has likely sparked a bullish sentiment among investors.
Another factor that has likely contributed to XRP’s rebound is Brad Garlinghouse’s reassurance to the XRP community. In an X post, he stated that “XRP sits at the center of everything Ripple does” even as they continue to build solutions to enable an “internet of value.” He also told the XRP community to “lock in.”
This came as he commented on the firm’s completion of the $1.25 billion Hidden Road deal. The crypto firm stated that the prime broker will complement its payment services, which use XRP.
At the time of writing, the XRP price is trading at around $2.55, up over 5% in the last 24 hours, according to data from CoinMarketCap.
Big Crypto, Tech Money Back Trump’s White House Ballroom – Details
According to White House releases and reporting by major outlets, private crypto and tech donors are paying for a new 90,000-square-foot ballroom that US President Donald Trump has pushed to build on the site of the East Wing. The project’s price has been revised upward to about $300 million, and the administration says no taxpayer funds will be used.
Private Money Funds Massive BallroomReports have listed a long roster of backers from several industries who are funneling money through a nonprofit charity.
The Trust for the National Mall is being used as the conduit, and White House officials and outside reporting say donations will cover construction costs rather than federal appropriations.
The Trust has longstanding ties to park projects, but critics have flagged the scale and speed of this fundraising drive.
Major corporate names appear on the donor list. Based on reports, tech firms including Amazon, Apple, Google, Meta Platforms and Microsoft are among the contributors.
Crypto companies such as Coinbase, Ripple and Tether are also listed, alongside tobacco companies like Altria and Reynolds American, and defense contractors such as Lockheed Martin.
“I am pleased to announce that ground has been broken on the White House grounds to build the new, big, beautiful White House Ballroom… The White House Ballroom is being privately funded by many generous Patriots, Great American Companies, and, yours truly.” – President Trump pic.twitter.com/GibeLevvFP
— The White House (@WhiteHouse) October 20, 2025
The list also includes wealthy individuals and some political allies. Exact donation amounts for most contributors remain undisclosed.
Donor Roles Include Tech, Crypto And TobaccoOfficials have said the ballroom will provide space for large events, with one estimate noting it could hold up to around a thousand guests.
The East Wing demolition work has already moved forward while fundraising continues. That demolition and the project’s quick pace have raised questions from preservation groups and some federal overseers about whether required approvals were fully in place before work began.
Based on watchdog reporting, the nonprofit handling donations may charge fees for administering gifts. One public interest group reported that the Trust would take about a 2.5% cut on donations, a figure that could translate into millions in fees as money flows in.
Critics say the fee arrangement and the absence of full disclosure on donor sums make it hard to assess who might gain influence from their contributions.
Transparency Questions And RecognitionReports show donors may receive forms of recognition tied to the project, and draft pledge documents discussed publicly mention options such as having names associated with the ballroom.
That detail has fed concerns from lawmakers and watchdogs about whether private funding will create expectations of access or favors.
At least some members of Congress have asked for more information and for clearer accounting of how gifts are handled.
Featured image from Gathering Point News, chart from TradingView
Analyst Says Wait For The Bitcoin Price Crack To Trigger A 70% Crash – Here’s The Target
Despite the Bitcoin price bouncing back from its October 10 flash crash, the expectations are yet to turn bullish for the cryptocurrency. Predictions for where the cryptocurrency could end have been more bearish, especially with sentiment still learning toward the negative. With the price failing to reclaim $115,000, the likelihood of a crash has risen, and calls for the next bear market have grown even louder.
Bitcoin Price Is Set To CrackCrypto analyst RealMacro highlights that there is the possibility that the Bitcoin price could suffer a crack soon. This comes as the Bitcoin price is continuing to consolidate around the $110,000 level, and has not made any meaningful move with momentum from here.
This comes as the cryptocurrency has also shown a lot of vulnerability during this time, and now, the crypto analyst believes that the Bitcoin price is at a “critical inflection point.” There is the possibility that the Bitcoin price can still bounce from here and make a brand-new all-time high. However, as the bears are gaining more ground, the price could still see a major breakdown from here.
According to the crypto analyst, if the Bitcoin price were to see a breakdown here, the result would be what they call a waterfall decline. This is usually a sharp decline that sends the price toward new yearly lows, and would result in a double-digit decline.
For Bitcoin, if this crack occurs, then the crypto analyst believes that the Bitcoin price could crash by more than 50%. As a result, the crypto analyst advises investors to be wary and try to be out of the market before this major crash happens.
Not only is the price expected to crash by more than half, but the analyst also sets a target below $30,000. This would mean a 70% decrease in the price, and probably lead to an ever wider wipeout for altcoins in the market.
Presently, the Bitcoin Fear & Greed Index is still showing a lot of fear in the market. Earlier this week, the index drove into the Extreme Fear territory, suggesting that there wasn’t liquidity flowing into the market. With a move up into fear, there has been a bit of improvement, but investors are still very wary.
Nevertheless, times like these have often been the best times to get into the market, as they provide good entries for investors. But with the Bitcoin price still trending above $100,000, questions abound as to what would happen if the price crashed further.
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Ripple Launches ‘Prime Time’ After Hidden Road Acquisition: How This Could Boost RLUSD?
On Friday, Ripple Labs announced the launch of “Prime Time,” following its acquisition of Hidden Road. The company will now be rebranded as Ripple Prime. The company confirmed the completion of the acquisition, making Ripple Labs the first blockchain payment company to operate as a global, multi-asset prime broker.
How Ripple Prime Is Expected To Enhance RLUSD’s UtilityThe acquisition was deemed a logical step, driven by the synergies between Ripple and Hidden Road, to facilitate the institutional adoption of digital assets which has been on the rise throughout the year in a more favorable regulatory environment under the Trump administration.
Ripple’s digital asset infrastructure, which includes payment solutions, crypto custody, and stablecoin services, will increase the offerings within Ripple Prime. Looking ahead, Ripple Prime plans to harness blockchain technology to streamline operations and optimize costs.
Notably, the launch of Ripple Prime is expected to significantly boost the utility and reach of Ripple’s stablecoin, RLUSD. Currently, RLUSD is being utilized as collateral for various prime brokerage products, with certain derivatives clients opting to hold their balances in RLUSD, a trend anticipated to grow in the coming months.
RLUSD’s regulatory compliance under the new stablecoin bill, the GENIUS Act, already signed by President Donald Trump, is said to have earned it the trust of institutions, providing further integration into traditional financial operations.
In July, RLUSD was recognized as the top stablecoin for stability, governance, and asset backing by Bluechip, which awarded it an ‘A’ rating. Additionally, Ripple announced that The Bank of New York Mellon Corporation (BNY) will serve as the primary reserve custodian for RLUSD.
Five Major Acquisitions Over Two YearsThis acquisition is one of five major strategic purchases by the blockchain payment company in the past two years, including recent acquisitions of treasury management system provider GTreasury, stablecoin-based payment platform Rail, Standard Custody, and Metaco.
In addition, the company is currently pursuing approval for its national bank charter license in the United States. It joins other firms, including, Circle (CRCL), Coinbase (COIN), Sony Bank, Paxos, and Crypto.com, which recently announced its intent to seek approval for this application with the US Office of the Comptroller of the Currency (OCC).
As of this writing, XRP has capitalized on these developments, surging toward $2.70 — a 3% intraday increase. However, the altcoin still records monthly losses of 16%, putting it 32% below its all-time high of $3.65 reached earlier this year.
Featured image from DALL-E, chart from TradingView.com
