Chris Larsen, co-founder of Ripple, has reportedly invested in American Perpetuals Exchange Corp. (APEC), a derivatives startup founded by Senator Kirsten Gillibrand’s son, Theodore Gillibrand. This investment comes as US lawmakers negotiate the CLARITY Act, a significant crypto market structure bill expected to shape digital asset regulations. The Act’s progress is critical as it requires bipartisan support and includes ethics provisions under debate. Larsen’s involvement is notable given his large XRP holdings and the potential impact of the legislation on Ripple and the broader crypto market. Senate Republicans aim to pass the bill in July before the legislative window narrows due to upcoming recesses and election season.
XRP futures trading volume remained close to the highest levels seen in the past six months during September, with Binance leading the market at $32.36 billion in volume. Other major exchanges like Bybit and OKX also reported strong activity, indicat...
Ripple has broadened its partnership with global investment firm Brevan Howard by offering multi-asset prime brokerage, clearing, and financing services through Ripple Prime. This expanded agreement allows Brevan Howard to access Ripple Prime's cross...
Brevan Howard, managing about $35 billion in assets, is increasing its use of Ripple Prime for brokerage, clearing, and financing services across digital and traditional markets. Ripple Prime, developed after Ripple's $1.25 billion acquisition of Hid...
Brevan Howard, a $35 billion investment manager and Ripple investor, will use Ripple Prime for prime brokerage, clearing, and financing across multiple asset classes. This expands their existing relationship following Ripple's acquisition of Hidden R...
XRP is currently trading around $1.50 after recovering from about $1, with resistance near $1.70 and support at $1.45. It has moved above its 100-day and 200-day moving averages, signaling potential bullish momentum if the 100-day average crosses abo...
