Author: CryptoHoppers
Binance has announced LDUSDT, a new ‘reward-bearing margin asset’ designed to give users more flexibility in how they use capital across its Earn and Futures platforms. LDUSDT is the second such asset, following BFUSD, and is aimed at increasing users’ capital efficiency. It allows holders to participate in perpetual futures trading on Binance Futures while maintaining their reward-earning status from the Earn program. LDUSDT will allow users subscribed to Simple Earn’s USDT Flexible Products to convert their assets into a futures trading margin, while continuing to receive real-time APR rewards. Users can convert subscribed USDT to LDUSDT through a swap…
Key Takeaways Businesses in Russia are testing digital financial assets for cross-border transactions. The Bank of Russia plans to expand the digital ruble pilot program by the end of the year. Share this article Businesses in Russia are exploring digital financial assets and showing interest in crypto settlements under an experimental legal regime, central bank head Elvira Nabiullina told the State Duma on Wednesday. “Businesses are testing the use of digital financial assets, showing interest in settlements in cryptocurrencies within the framework of an experimental legal regime,” Nabiullina said during her annual presentation at the State Duma. Russia’s central bank…
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 $1.25 billion as part of its strategy to attract more institutional investors through a wider range of services. The deal will be primarily cash-based, along with a portion paid in XRP and Ripple stock. Marc Asch, the founder of Hidden Road, will continue to lead the brokerage under Ripple. “Ripple needs to make sure we have the infrastructure in place to appeal and…
[…] (the native token of Hedera), is putting up a great show outperforming all other RWA assets as the crypto market recovers. As of this writing, the coin is trading at $0.1469 hence marking a 16.12% surge on the […] Source link
Key Takeaways Ripple acquired Hidden Road for $1.25 billion, becoming the first crypto company with a global multi-asset prime broker. The deal enables Hidden Road to use Ripple USD as collateral and migrate post-trade activity to the XRP Ledger. Share this article Leading asset manager Ripple announced today that it is acquiring Hidden Road, a fast-growing, crypto-friendly prime broker, in a deal valued at $1.25 billion. Set to be finalized in the coming months, pending regulatory approval, the deal is one of the largest acquisitions in the crypto sector to date.The move also makes Ripple the first crypto firm to…
Bitcoin is trading at $77,346 with a market capitalization of $1.53 trillion, as it battles persistent bearish momentum across multiple timeframes. Over the last 24 hours, bitcoin has traded between $74,604 and $82,859 on $75.43 billion in volume, suggesting volatility amid downward pressure. Bitcoin On the daily chart, bitcoin’s price action has shifted significantly downward, […] Source link
U.S. crypto stocks are set for a lower open on April 7 as Trump-led trade tensions drove a broad market sell-off. Investors reacted to renewed concerns over U.S. tariffs and possible Chinese retaliation, pushing equity futures sharply down at the open. Bitcoin (BTC) fell below $75,000 over the weekend, dragging down crypto-linked equities. Strategy, which holds over 214,000 BTC, reported a $5.91 billion unrealized loss on digital assets for the first quarter. Despite the loss, the company made no additional Bitcoin purchases during the quarter. Shares of MicroStrategy were down 9% in pre-market trading at $266.34 after declines in the…
Key Takeaways Bitcoin and major altcoins suffered significant losses due to concerns over new US tariff policies. Crypto market capitalization decreased by over 10%, representing a $100 billion loss. Share this article Bitcoin hovered below the $77,000 level in early Monday trading as the broader crypto market downturn deepened. Losses extended across altcoins, with major ones like Ether, XRP, and Solana suffering double-digit losses ahead of the US stock market opening.Bitcoin falls, altcoins bleed as Trump’s tariffs hit Asian marketsBitcoin fell below $75,000 today, its lowest level since November, as crypto markets tumbled amid growing concerns over President Trump’s new…
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Key Takeaways Acting SEC Chairman Mark Uyeda is reviewing past crypto regulatory statements as part of Executive Order 14192. The review aims to modify or rescind statements to align with current SEC priorities. Share this article Mark Uyeda, acting chair of the US SEC, has directed staff to review several crypto-related regulatory statements, including guidance on the investment contract analysis of digital assets and the treatment of Bitcoin futures under the Investment Company Act.Other key documents under review are crypto market disclosure letters, digital asset securities oversight, and custody standards tied to Wyoming’s no-action letter, according to an April 5…