Ripple has acquired global prime broker Hidden Road for $1.25 billion in a landmark deal that could reshape institutional access to crypto. The move secures Ripple’s position as a hybrid financial powerhouse, combining traditional market infrastructure with blockchain-native innovation. CEO Brad Garlinghouse calls it a "once-in-a-lifetime opportunity" to merge the trust of traditional finance with the speed and efficiency of blockchain via XRP and RLUSD.
Yesterday marked a historic moment in the world of cryptocurrencies as the SEC finally nodded in agreement, giving the green light to not one, not two, but eleven spot Bitcoin ETFs. The crypto world, long seen as the rebellious teenager of the financial markets, has finally been invited to the Wall Street's fancy dinner party. And oh, what an entrance it made! The crypto industry was enthusiastic and confirmed. And rightly so!
The U.S. Securities and Exchange Commission (SEC) has withdrawn its accusations against Ripple's CEO, Brad Garlinghouse, and Executive Chairman, Chris Larsen, previously implicated in securities violation cases related to XRP dealings. As the SEC shifts focus solely onto Ripple's central case, this development narrows the scope of litigation, possibly accelerating the path to a primary resolution and potentially facilitating any future appeals.
The last few days have been very successful for the U.S. crypto companies, which are gradually recovering from the FTX collapse. Most recently, Coinbase announced that it had received a payment institution license in Singapore. Ripple, the company behind the XRP token, has been making headlines with a series of achievements. Its Singapore subsidiary has secured a pivotal license, and it has also marked a significant win in its ongoing U.S. court battle.