Ripple Prime, Ripple's prime-brokerage unit, has obtained up to $200 million in financing from Neuberger Berman to expand margin trading services for institutional clients across crypto, equities, fixed income, and foreign exchange markets. This credit facility supports Ripple's strategy to integrate multi-asset trading and credit under one platform, following its acquisition of Hidden Road and expansion into U.S. digital asset trading. The funding will enable Ripple Prime to offer greater margin capacity based on client demand, enhancing its role in institutional finance. This move aligns with Ripple's broader push into custody, treasury, and wallet infrastructure for institutional investors.
Ether (ETH) holds the largest share of long accounts among five major cryptocurrencies at 75.9%, followed closely by XRP at 75.7%. All five markets show more long than short accounts, with Ether also having the highest positive funding rate of 0.0049...
David Schwartz, Ripple's CTO emeritus, explained that the XRP Ledger's value flow is driven by its low transaction fees and reliable operation. XRP captures some of this value due to its unique role as the only counterparty-free asset on the ledger a...
Ripple is set to unlock 1 billion XRP tokens on November 1, which could increase selling pressure and cause XRP's price to decline. Historically, Ripple re-escrows most unlocked tokens, limiting the net supply entering the market, but some tokens rem...
Bitcoin fell to its lowest level in over a month, slipping below $80,000, as the U.S. rapidly evacuated personnel from Middle Eastern embassies and military bases due to heightened threats of Iranian attacks. Intelligence reports indicate Iran is adv...
On October 23, XRP recorded the highest funding rate among five major crypto perpetual futures markets at 0.0100% every eight hours, or 10.9% annualized, with a mark price of $1.29. Despite this, open interest declined by 3.33% to $401.6 million, ref...
