Ripple is expanding its institutional trading business into U.S. equities through a new Delta One offering on its Ripple Prime platform. The company said Thursday that Ripple Prime’s Delta One business is now live. Institutional clients have gained the ability to trade total return swaps tied to the U.S.-listed stocks, equity indices and digital assets.
Leading asset management firm BlackRock has consistently topped up its Bitcoin holdings in recent days, following the major price breakout the broader crypto market saw last week. Although the rapid surge in the price of Bitcoin has slowed, its bullish momentum still remains intact as both retail and institutional traders continue to show interest. Bitcoin
RQD* Clearing, a U.S. firm that handles the plumbing behind stock and options trading, has raised $74 million as it looks to expand into digital assets and prepare its infrastructure for a financial market increasingly moving onchain. Bain Capital Tech Opportunities, the tech-focused arm of private investment firm Bain Capital, led the minority investment, with
Bitcoin has rallied approximately 40% from its July low near $57,800, renewing expectations that the cryptocurrency may have established a market bottom after several months of consolidation. $BTC was trading near $80,200 on Aug. 27. However, the recovery has brought the cryptocurrency back into a major resistance zone that previously preceded a sharp sell-off. Technical
Ripple Prime, Ripple’s multi-asset prime brokerage business, launched a Delta One service for institutional investors, expanding into US equity derivatives. The offering allows clients to execute total return swaps linked to US-listed equities, indexes and digital assets, Ripple said in a Thursday announcement. Total return swaps provide exposure to an asset’s returns without requiring ownership
Bitcoin’s BTC$79,047.24 surge over the past ten days came after Scott Bessent and his Treasury Department took steps to cap or lower long-term interest rates. The Federal Reserve, though, may have the final say on whether the rally holds or crypto markets give back their recent gains. The Kansas City Fed’s annual Jackson Hole symposium
JAN3 CEO Samson Mow has sparked a fresh debate over cryptocurrency terminology, arguing that the industry should replace the term “hardware wallet” with “Bitcoin Signing Device.” Mow, a well-known Bitcoin advocate, contends that the common label misrepresents what these devices actually do and leads to confusion about how Bitcoin ownership works. The case for renaming
July’s PCE inflation reading held at 3.7% headline and 3.3% core on Aug. 26, both still above the Fed’s target. Futures markets responded by pushing the odds of a September rate hike to roughly 44%, up from 36% before the report. Bitcoin hit an intraday high of $79,251.60 the same day, trading near $78,000 as
Bitcoin price held near $79,500 on Aug. 27 after a rapid breakout from the $63,000 area, with ETF demand and U.S. policy developments supporting the rally even as technical indicators warned that momentum may be stretched. Bitcoin price holds above its breakout zone According to data from crypto.news, Bitcoin ($BTC) price was trading at approximately
BlockFi founder Zac Prince has announced a new crypto loan program to attract more assets with promises of interest-only loans, waived origination fees, and other promotional offers. Meanwhile, members of a BlockFi class action who secured a court-ordered payout in their lawsuit against Prince, still haven’t actually received any money from that $13.25 million settlement.