Ripple is expanding into the business of financing leveraged stock exchange-traded funds, putting the crypto company in a market long dominated by major banks and securities firms. Its prime brokerage division, Ripple Prime, is supplying financing for funds that let investors multiply the daily moves of individual stocks and market indexes, according to a Wall
Bitcoin-backed finance is maturing beyond trading and increasingly resembles traditional lending. Loans taken by locking up bitcoin $BTC$82,848.71 as collateral are increasingly used to fund real-world expenses such as tuition fees, slow months, and business cash, according to two long-standing lenders. “What I am seeing, both in the conversations I’m having and in the data,
Bitcoin [$BTC] has been in a strong uptrend over the past month or so, but that seems to be taking a break. The bears who formed a sell wall between $87,000 and $91,000 appear to have won the contest in this zone. That said, leveraged short orders, ETF outflows, long liquidations, and US government potential
Bitcoin fell 1.6% to just under $82,800 as of Thursday Asian morning hours. Oil jumped on a report that the White House asked the Pentagon for strike options against Iran, pushing Treasury yields back toward their highest since 2002. XRP led the losses among the majors, down nearly 4% to about $1.42. DOGE slid 3%
The US Treasury slapped Amidi, LLC with a $200,000 penalty for not reporting a stake of about $92,478 held by its Chinese fund in a Shanghai robotics AI firm. Penalty runs more than twice the investment, first under rules screening American money into sensitive Chinese tech. Amidi’s offshore fund backed Noematrix on April 19, 2025
The current crypto market condition is not going that strong, with the global cryptocurrency market cap trading at $2.92 trillion at press time after a drop of 2.7% in the past 24 hours. Yet, Bitcoin [$BTC] stood strong as it recorded its largest net exchange outflow in seven months, with approximately 24,073 $BTC leaving cryptocurrency
US spot Ether exchange-traded funds bled for a sixth straight session Tuesday, losing around $408 million during the stretch. Spot Bitcoin funds recovered the same day with $119 million of new money. ETHA’s $201.89 million exit was the largest since September 16 Ether funds were down $201.89 million on Tuesday, a sixth consecutive session in