Ripple has entered the leveraged ETF financing market, traditionally dominated by banks, through its $1.25 billion acquisition of Hidden Road. Ripple Prime now offers total return swaps that allow funds to amplify daily stock moves, earning fees from financing these leveraged bets. This move taps into a fast-growing market with over $256 billion in assets under management but carries risks if sharp stock moves cause losses. Ripple's expansion signals its growing role in institutional finance beyond crypto, though it has not disclosed revenue details from this business yet.
Ripple's move into leveraged ETF financing provides context for cryptocurrency market trends. For readers following crypto assets, here is Pluang's market snapshot as of Oct 08, 2026 12:41 WIB: out of 50 major cryptocurrencies priced on Pluang, 13 rose and 36 fell today. Notable price changes include FIL (Filecoin) at Rp18.833 with a -3.74% change, ONE (Harmony) at Rp38 with a -3.37% change, and YFI (Yearn) at Rp42.390.586 with a -3.36% change.
Dimensional Fund Advisors Ltd. has publicly disclosed holding a 1.28% ownership stake in Prologis Inc, amounting to 12,123,997 shares as of October 7, 2026. This disclosure is made under Rule 8.3 of the Takeover Code, indicating significant interest ...
QAIX, a Quantum Computing & AI Alliance based in Manhattan, has opened its global membership program offering companies and tech leaders access to a global network, office spaces in major cities including New York, and resources from NVIDIA and IBM. ...
FLSmidth secured a DKK 360 million contract to supply advanced crushing and grinding equipment for a copper mine expansion in Northern Chile. The order includes the world's largest gyratory crusher, a large SAG mill, and three ball mills, with instal...
On October 8, 2026, Michelin repurchased 202,417 of its own ordinary shares at a weighted average price of €32.33 per share through over-the-counter transactions. The shares bought back are intended for cancellation, which can reduce the total number...
On October 8, 2026, Michelin executed a share buyback, purchasing 202,417 ordinary shares at a weighted average price of €32.33 per share. The shares were acquired through over-the-counter transactions involving several financial institutions and are...
