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- 🌙 Ripple Buying Prime Brokerage Hidden Road for $1.25B
🌙 Ripple Buying Prime Brokerage Hidden Road for $1.25B
The blockchain technology firm’s acquisition of the prime brokerage marks one of the most highly valued deals in its industry.
Mike Gavela
April 08, 2025
Crypto Roundup - April 8
Ripple is acquiring prime brokerage Hidden Road for $1.25 billion, expanding its offerings in the cryptocurrency space and positioning itself to better serve institutional investors. Meanwhile, BlackRock has chosen Anchorage Digital as the custodian for its Bitcoin and Ethereum ETFs, strengthening Anchorage's role in securing digital assets for institutional investors. In a related move, the Department of Justice (DOJ) is shutting down its crypto-focused unit, reflecting a broader shift in its enforcement strategy, including stepping back from services like Tornado Cash.
Top Stories
Ripple acquires Hidden Road for $1.25 billion to expand its institutional reach.
BlackRock taps Anchorage Digital as custodian for Bitcoin and Ethereum ETFs.
DOJ shuts down crypto unit, signaling a shift in crypto enforcement strategy.
TOP STORIES
FUNDRAISING
We are happy to announce that we’ve raised $1.7M to grow and expand Sats Terminal — the Bitcoin DeFi Aggregation Protocol.
Our Pre-Seed Round was led by @cbventures and @drapervc with participation from industry-leading venture funds and angel investors.
— Sats Terminal (@SatsTerminal)
9:44 AM • Apr 8, 2025
OTHER HEADLINES
CRYPTO TWITTER (X)
Historically, buying after the largest times of volatility has been a profitable trade. This is only the 4th largest day of volatility for the S&P 500.
— IncomeSharks (@IncomeSharks)
6:25 PM • Apr 8, 2025
🚨 New @a16z thesis: AI avatars
Generative models are finally good enough to make talking characters with AI.
Combining a voice with a face has unlocked countless use cases - from sales reps for enterprises to consumer animation.
Our market map + insights 👇
— Justine Moore (@venturetwins)
3:32 PM • Apr 8, 2025
Strategy paused bitcoin buys last week and clarified that shareholders don’t own its BTC.
Not your keys, not your coins.
— TFTC (@TFTC21)
3:20 PM • Apr 8, 2025
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