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Ever since it launched in 2009, Bitcoin (BTC 1.43%) has stood alone as the world's most valuable cryptocurrency. More than 15 years later, it still accounts for a whopping 60% of the value of the cryptocurrency market.
"By the end of 2028 we see XRP's market cap overtaking Ethereum's," said Standard Chartered's Geoffrey Kendrick in an email to The Block.
Ripple, the blockchain firm behind XRP (CRYPTO: XRP), has signed an agreement to acquire prime brokerage firm Hidden Road in a deal valued at $1.25 billion. The acquisition represents Ripple's most significant move yet to expand its offerings for institutional clients, according to CEO Brad Garlinghouse.
Ripple has announced a $1.25 billion acquisition of crypto prime broker Hidden Road, aiming to scale institutional offerings and integrate its blockchain ecosystem. The deal includes capital infusion, use of Ripple's RLUSD stablecoin, and settlement via the XRP Ledger.
The crypto market rose modestly on Tuesday, a sign that investors were buying the dip following the recent crash. Bitcoin price rose to $79,000, up from this week's low of $74,500.
Ripple is acquiring multi-asset prime broker Hidden Road for $1.25 billion, enabling it to serve over 300 institutional clients, integrate its RLUSD stablecoin for collateral, and migrate operations to XRPL. The post Ripple Agrees to Acquire Prime Broker Hidden Road for $1.25B appeared first on Cryptonews.
The crypto landscape, shaken by adverse winds in recent weeks, is finally showing signs of resilience. As Bitcoin grazed $75,000 before bouncing back toward $80,000, altcoins like XRP and Dogecoin recorded gains of 10%, giving the market a breath of fresh air.
Ripple Labs has announced a major acquisition to shock the market out of an otherwise dreadful week. Taking to X (formerly Twitter), the crypto firm announced that it has acquired Hidden Road, a brokerage, clearing, and financing firm as it moves forward in its mission to become the leader for institutional investors moving into the digital assets space.
Announced the acquisition of the broker Hidden Road by Ripple for 1.25 billion dollars, marking a crucial moment for the future of digital finance and consolidating the role of digital assets in the global institutional landscape. Ripple, one of the leading providers of digital infrastructure for the financial world, has announced the acquisition of Hidden Road, a rapidly growing global prime broker, for the sum of 1.25 billion dollars.
Slated to go live today, the 2X Long Daily XRP ETF aims to give investors double the daily performance of XRP. This opens the door for more exposure to one of crypto's biggest names.
Teucrium Investment Advisors LLC is set to launch the first-ever XRP-based exchange-traded fund (ETF) in the U.S. on April 8.
Ripple said on Tuesday it will acquire prime brokerage firm Hidden Road for $1.25 billion, marking one of the largest deals in the digital assets industry as the company deepens its push into institutional finance. The acquisition will see Ripple become the first cryptocurrency company to own and operate a global, multi-asset prime broker.
Popular cryptocurrency XRP is going through some major trading action as it faces the second consecutive test of its 200-day moving average on the daily time frame. The key support level, marked by the fat red line on the chart below, is proving pivotal for the asset's ability to hold above.
Ripple today announced the acquisition of Hidden Road for $1.25 billion, one of the largest deals in the digital asset industry. Ripple's acquisition makes it the first cryptocurrency company to own and operate a global, multi-asset prime broker.
Ripple is acquiring Hidden Road in a $1.25 billion deal, marking the second billion-dollar-plus acquisition involving a crypto company this year—following FTX's $1 billion purchase of BlockFi. Ripple (XRP) is acquiring prime brokerage firm Hidden Road for $1.
Will the first U.S XRP ETF boost the altcoin's weak market sentiment?
XRP has faced a challenging decline over the last 48 hours, falling below the $2.00 support level.
Ripple CEO Brad Garlinghouse claims that the crypto industry is "at an inflection point for the next phase of digital asset adoption."
The crypto market bounced back after a volatile Monday, with Bitcoin (BTC) and other cryptocurrencies registering substantial increases after starting the week in freefall. BTC is up over 6% over the past 24 hours, with the flagship cryptocurrency looking to reclaim $80,000.
Long also spoke about the company's most recent deal from today.
Ripple said Tuesday it has agreed to acquire Hidden Road for $1.25 billion, marking the crypto firm's largest acquisition to date and one of the biggest deals in the digital assets sector.
Among other things, the deal is expected to strengthen Ripple's stablecoin ambitions.
Ripple has made a major power moves as it agrees to acquire one of the fastest-growing prime brokers. This landmark deal makes Ripple the first crypto company to fully own and operate a global, multi-asset prime brokerage platform. It announced acquiring Hidden Road for $1.
Prominent on-chain data aggregator Glassnode has published a report about the results of measuring the supply in profit metrics applied to major cryptocurrencies that are located mostly on the top 10 and top 15 lists.
