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Ripple Makes $1.25B Power Move to Acquire Prime Broker Hidden Road
Ripple is making waves again—this time with a massive $1.25 billion deal to acquire Hidden Road, a major prime brokerage firm that handles over $3 trillion in trades annually. The move signals Ripple’s bold push into the institutional finance space and boosts its stablecoin plans. Hidden Road will adopt Ripple’s upcoming USD-backed stablecoin, RLUSD, for collateral, bridging crypto and traditional markets like never before. It will also shift operations to the XRP Ledger, slashing costs and streamlining settlements. This deal marks a turning point for Ripple, as it gears up to become a serious player in global finance.
Bitcoin Stalls as U.S.-China Tensions Heat Up — But Yuan Slide Could Spark Next Rally
Bitcoin’s recent rally hit a roadblock, dipping below $78,000 as U.S. stocks reversed early gains. The drop followed news that the U.S. will impose steep 104% tariffs on Chinese goods starting at midnight, rattling global markets. However, the weakening Chinese yuan—now at 7.4 per U.S. dollar—could be a hidden bullish trigger. Analysts suggest a weaker yuan might push Chinese investors to move money into bitcoin, as seen in past market cycles. With growing uncertainty in global trade and geopolitics, some believe this could fuel the next big move in crypto. For now, markets remain volatile and directionless.
Bitcoin Proves Its Strength Amid Tariff Turmoil, Says Wall Street Firm Bernstein
Despite market jitters from U.S.-China tariff tensions, Bitcoin is holding its ground—down just 26% from its all-time high, a performance that’s impressing Wall Street firm Bernstein. In past crises like COVID or rate hikes, Bitcoin often plunged 50–70%. This time, analysts say it’s different—demand appears stronger, fueled by growing institutional adoption through ETFs and corporate treasuries. However, tariffs could still hurt U.S. Bitcoin miners by disrupting hardware supply chains. Big players like Riot and CleanSpark may benefit from this shift, thanks to their scale and AI integration, potentially gaining more control over the global mining network.
Pakistan onboards Changpeng Zhao as Crypto Adviser to Boost Adoption
Pakistan is taking a bold step into the crypto world by appointing Changpeng “CZ” Zhao as an adviser to its newly formed Pakistan Crypto Council. Despite CZ’s past legal issues in the U.S., his global influence in the crypto space makes this a strategic move. The Council aims to shape clear crypto regulations and attract international investment, positioning Pakistan as a rising player in Web3. With a tech-savvy population and growing demand for stablecoins, Pakistan is leaning into its potential as a high-growth, low-cost market for blockchain innovation and digital finance.
Michael Saylor’s Strategy Pauses Bitcoin Buys Amid Market Dip, Reports $5.9B Unrealized Loss
Despite Bitcoin dipping below $77,000, Michael Saylor’s firm Strategy chose not to add to its massive BTC holdings last week. SEC filings reveal the company holds over 528,000 BTC—worth $35.6 billion—but is currently sitting on an unrealized $5.91 billion loss for Q1. This marks a rare pause in Strategy’s aggressive buying spree, even as Saylor remains vocal about Bitcoin’s value. “Volatility is a sign of usefulness,” he posted, emphasizing Bitcoin’s long-term resilience in a world full of economic uncertainties—from inflation to regulatory risks. Strategy’s average purchase price remains $67,458 per BTC.
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