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From Hidden Road to Ripple Prime: Rebranded Multi-Asset Broker Scales Institutional Crypto Access
Ripple has completed the acquisition of non-bank prime broker Hidden Road and immediately rebranded the business as Ripple Prime. The rebrand positions Ripple to expand deeper into prime brokerage services while linking the business to its wider digital asset ambitions.
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Crypto.com Applies for U.S. Bank Charter, Joining Coinbase, Ripple and Circle
Crypto.com filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to become a National Trust Bank in a major push to expand its custody and staking services for corporate and institutional investors.
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SBI-Owned B2C2 Announces Zero-Fee Stablecoin Swap Platform for Institutions
B2C2, the institutional crypto liquidity provider acquired by Japanese SBI, has launched a new platform designed to simplify cross-chain stablecoin transfers and reduce operational risks. The aim is to provide continuous liquidity across major digital assets through the new offering.
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One in Three Americans Faces Crypto Fraud, with 30% Exposed to Ponzi Schemes
Cryptocurrency use in the United States has grown over the past year, but concerns over fraud and trust continue to dominate. New research from Sumsub, a global verification and anti-fraud firm, shows that one in three Americans have either experienced or know someone affected by crypto-related scams.
Widespread Adoption, Persistent Risk
According to Sumsub’s survey, 36% of U.S.
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Kraken’s Q3 Revenue Doubles YoY, Tokenised Stock Volume Hits $5 Billion
Kraken, the US-based crypto exchange now entering traditional finance, revealed that tokenised stocks on its platform have exceeded $5 billion across both centralised and decentralised venues. The number of unique holders of these tokenised stocks also went past 37,000.
The platform offers
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FCA Sues Justin Sun-Linked Crypto Exchange HTX for Unlawful Promotions
The UK’s financial watchdog has sued crypto exchange HTX, alleging it unlawfully promoted digital asset services to British consumers. The move marks the latest step in the Financial Conduct Authority’s effort to bring global crypto operators under tighter oversight as the UK refines its digital asset rules.
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Bitcoin Whales Move $3B to BlackRock’s ETF as Self Custody Declines After 15 Years
Large Bitcoin holders, often called whales, are increasingly moving their holdings into exchange-traded funds. Asset managers, including BlackRock, are seeking to attract these early investors.
Robbie Mitchnick, BlackRock’s Head of Digital Assets, told Bloomberg that the company has facilitated more than $3 billion worth of Bitcoin conversions into its iShares spot Bitcoin ETF, as
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Coinbase Enters Digital Capital Markets With $375M Echo Acquisition Deal
Coinbase is taking a major step into the world of decentralized fundraising. The crypto exchange has acquired Echo, an on-chain capital formation platform founded by crypto veteran Cobie, in a deal valued at around $375 million.
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Ripple-Linked Firm Evernorth to Go Public in $1B SPAC Deal Aimed at XRP Purchases
Evernorth Holdings, a Nevada-based company founded by former Ripple executive Asheesh Birla, plans to go public through a merger with Armada Acquisition Corp II in a transaction expected to raise more than $1 billion.
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Hong Kong Moves Forward with Stablecoins While Beijing Signals Concern
The Securities and Futures Commission participated in a seminar organised by the Association of Fund Administrators of Hong Kong and the Greater Bay Area last week. The event aimed to raise awareness of regulatory compliance standards in the digital asset sector.
Meanwhile, Chinese technology firms, including
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Finery Markets Expands Sage Capital Tie-Up With 10x Leverage Offering
Finery Markets has extended its liquidity partnership with Sage Capital Management, bringing institutional clients consolidated access to crypto markets through a three-way arrangement that includes connectivity provider Gold-i.
The expanded agreement connects institutions to more than 200 digital assets through a single API integration, addressing fragmentation issues that
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Chinese Tech Giants Halt Stablecoin Plans after Regulatory Push: Report
Chinese tech giants, including Alibaba-backed Ant Group and e-commerce firm JD.com, have paused their stablecoin plans under Hong Kong’s regulatory framework amid concerns raised by the mainland government over the private takeover of currency controls.
A Financial Times report detailed that these tech companies have put
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Following New FSA Stablecoin Rules, Japan’s Banks Plan Yen Pegged Tokens
Japan’s three largest banks – Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group, and Mizuho Financial Group – are planning to jointly issue stablecoins, according to a report by the Nikkei business daily on Friday (today).
Japan has been taking structured steps to regulate and expand the use of stablecoins. Earlier this year, the
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Cybercrime-as-a-Service Network Taken Down in Europe: 7 Arrested, 1,200 SIM Boxes Seized
European law enforcement cracked down on a criminal network in Latvia last week, leading to the arrest of five alleged cybercriminals of Latvian nationality and two additional suspects. Authorities also dismantled five servers and seized 1,200 SIM-box devices along with 40,000 active SIM cards.
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Ripple Plans to Raise $1 Billion for an XRP Treasury: Report
Ripple Labs, a big name in cross-border payments using blockchain, is raising at least $1 billion to procure XRP tokens to hold in a digital asset treasury (DAT), Bloomberg reported.