Category: Crypto market

Deal Done! Ripple’s Hidden Road Acquisition Fuels XRP’s Next Explosive Rally

Posted on by Olumide Adesina

Ripple completed a historic acquisition of Hidden Road, making it the first company with a crypto focus to own a global multi-asset prime brokerage firm. A key driver of XRP’s potential breakout is Ripple’s strategic decision to expand its ecosystem, as the token has recently dipped below the psychological $3 mark. The crypto-friendly global credit network, Hidden Road, has been rebranded as Ripple Prime.

 

This is one of the largest M&A deals in the digital asset industry to date, with Ripple officially acquiring the network for $1.25 billion.  Ripple Prime will facilitate institutional adoption of cryptocurrency using the company’s existing infrastructure,

Furthermore, Ripple is integrating its U.S.-depositing dollar-backed stablecoin, RLUSD, into Hidden Road and using it as collateral for all brokerage services provided by the business. Additionally, Hidden Road
“The synergies between the two businesses made this acquisition a logical next step to support institutional adoption of digital assets. The press release states that Ripple Prime’s services will be enhanced by the company’s core digital asset infrastructure, which includes stablecoin, crypto custody, payments, and XRP use. Hidden Road was founded in 2018 and offers institutional clients a range of financial services, such as transaction financing, cash management, securities lending, and custodial and settlement services.

According to its own data, the firm has over 300 institutional clients and clears $3 trillion annually across markets. According to CoinGecko, XRP traded at $2.50, a 4 percent increase over the previous day.

Ripple Flood Evernorth with 261M XRP: Nasdaq Debut Looms Large

Posted on by Olumide Adesina

Asheesh Birla, a former Ripple executive, founded Evernorth, a new treasury company focused on XRP, which has accumulated 261.9 million XRP in its ongoing effort to establish the largest XRP treasury in the world. The tokens, valued at about $639 million, were deposited between October 20 and October 24, according to blockchain data from XRPScan.

These deposits, made into an address activated by BitGo on October 20 and 24, are part of the company’s strategic build-up.

Chris Larsen, Ripple’s chairman, initiated the process on October 20 by transferring 50 million XRP. After some community speculation about a potential sell-off- prompted by CryptoQuant analyst Maartunn- reports clarified that these transfers were actually seed funding for Evernorth’s treasury.

Evernorth’s plans to go public are progressing in tandem with this treasury development. The company announced its intention to merge with Armada Acquisition Corp II, a special purpose acquisition company (SPAC), on October 20. This route allows Evernorth to bypass the traditional IPO process. Following the merger, expected to be completed in the first quarter of 2026, the combined entity plans to list on the Nasdaq under the ticker symbol XRPN.

This listing will give traditional investors access to regulated, publicly traded equity tied to a substantial XRP treasury business. Importantly, Evernorth’s next step involves establishing a $1 billion cash investment fund dedicated to future open market XRP purchases, separate from the 261 million XRP tokens already transferred. Community researcher WrathofKahneman (WOK) emphasized this distinction, noting that the current XRP deposits are foundational contributions rather than market-driven investments.

Forex Signals Oct 24: P&G, NatWest, and Sanofi Earnings, But US CPI Inflation Headlines

Posted on by Skerdian Meta

Today we have the US CPI inflation despite the shut down, while investors will watch  P&G, Sanofi and NatWest Q3 earnings reports. Continue reading “Forex Signals Oct 24: P&G, NatWest, and Sanofi Earnings, But US CPI Inflation Headlines” →

Ripple’s XRP Eyes Cheetah-Like Surge to $37–$50 Target

Posted on by Olumide Adesina

XRP has been quiet and steady within a small range, often overlooked. However, that silence appears to be ending. The market predicts that we are on the verge of entering “Rippy Season,” a period that could drastically change the token’s future, and a reputable research firm has announced a bold new price target for XRP.

Sistine Research, a digital asset analytics company known for its accurate, data-driven market models, is the source behind this renewed optimism.

Sistine has set a long-term XRP price target between $37 and $50 in its latest forecast using technical analysis, liquidity flow models, and macro indicators, indicating a potential major breakout

XRP is forming a pattern similar to those seen before significant rallies in other digital assets. They suggest that the next surge driven by institutional participation could occur once the key level between $2.80 and $3.20 is surpassed.

Currently, XRP is trading near $2.45. Market data shows substantial liquidity and solid technical support at the $2 mark, indicating potential accumulation rather than distribution. The momentum has increased following a change in regulatory outlook after the Ripple vs. SEC case concluded in June 2025.

Institutional interest in XRP has grown with the resolution of regulatory uncertainty. Ripple’s RLUSD stablecoin, already used in tokenized money market funds through firms like Securitize, has strengthened XRP’s role as a bridge asset in real financial operations. If this institutional adoption continues to expand across U.S. and European fintech networks, it could lay the groundwork for the higher valuations suggested by Sistine’s model.

Ripple’s Chris Larsen Cashes Out $764M in XRP, Pours $50M into Evernorth

Posted on by Olumide Adesina

The co-founder of Ripple, Chris Larsen, has made over $764 million in XRP profits since 2018. His holdings now total over 2.5 billion XRP, which is worth $6 billion at current prices. His cryptocurrency fortune increased significantly due to this surge, which coincided with XRP’s 355 percent annual growth.

XRP’s Summer Surge Revives: Legal Clarity and Institutional Interest Lead the Way

The $764 million in realized profits result from Larsen’s XRP transactions, which have generated substantial gains since early 2018. Across six main addresses, Larsen controls numerous wallets with a combined value exceeding 2.5 billion XRP. He invested $50 million in XRP through Evernorth.

Chris Larsen’s XRP profits since January 2018 are estimated at $764,209,610.42. 42 based on on-chain data analyzed by Maartunn, a community analyst at CryptoQuant. This amount reflects profits from his large holdings during XRP’s price rise, which CoinGecko currently shows at $ 2.4, marking a 355 percent year-over-year increase. These gains establish Larsen as a key figure in the cryptocurrency ecosystem and underscore his long-term commitment to Ripple’s native asset.

According to xrpscan data, which monitors the largest XRP balances, Chris Larsen holds over 2. 2.5 billion XRP across multiple wallets. Among the top 50 accounts are six wallets specifically named after Larsen, totaling  2,532,688,426 XRP worth approximately $ 6,053,125,338 at the current price of $ 2. 4

 

CZ Cleared: Trump Pardons Binance Founder

Posted on by Olumide Adesina

US President Donald Trump has pardoned Changpeng Zhao, the founder of Binance, the world’s biggest cryptocurrency exchange.

US President Donald Trump has pardoned Changpeng Zhao, the founder of Binance, the world’s biggest cryptocurrency exchange.

Mr. Zhao (also known as “CZ”) pleaded guilty to breaking US money laundering laws and was given a four-month prison sentence. After a US investigation revealed that Binance assisted users in evading sanctions, the company was ordered to pay $4.3 billion

Binance has been lobbying Trump for over a year, and the pardon might help them operate freely in the US. The Biden Administration targeted Mr. Dot Zhao to penalize the cryptocurrency sector, as stated by White House spokesperson Karoline Leavitt, even though no fraud or specific victims were claimed

CZ is arguably the most successful businessman in the emerging cryptocurrency world, having created a leading blockchain platform and the largest crypto exchange worldwide.

The exchange is still the most widely used platform for buying and selling cryptocurrencies and other digital assets worldwide, and it is registered in the Cayman Islands.

The WSJ claims that the business has been working for almost a year to get its former boss, who served out his four-month prison term in September 2024, pardoned.

The action coincides with the Trump administration taking a more pro-crypto position.

Shortly before his inauguration in January, the President released his own coin, marking his own entry into the digital currency landscape and fulfilling his pledge to make the US the “crypto capital” of the world.

 

 

Forex Signals Oct 23: Markets Spotlight on T-Mobile and Intel Earnings Today

Posted on by Skerdian Meta

T-Mobile US and Intel Corporation, two significant firms that are anticipated to provide important insights into the telecom and semiconductor sectors during a tumultuous market environment, will dominate Thursday’s earnings calendar.
Continue reading “Forex Signals Oct 23: Markets Spotlight on T-Mobile and Intel Earnings Today” →

Ripple’s XRP Enters the Big Leagues—SWIFT Integration, SEC Settlement, Stablecoin Surge

Posted on by Olumide Adesina

Brad Garlinghouse, the CEO of Ripple Labs, dispelled myths in response to an interviewer’s query during a recent discussion panel. Ripple Labs continues to support the XRP coin through adoption initiatives and legislative progress, while many alternative cryptocurrencies adapt their strategies in response to market challenges.

The plot is no longer theirs. We have made and will continue to make a complete commitment.” The CEO of the San Francisco-based tech giant emphasizes XRP’s growing role as a bridge currency, enabling the digital asset to handle daily transactions worth billions of dollars. “Anyone who believes that Ripple is not fully behind XRP is simply missing,” says Brad Garlinghouse, CEO of @Ripple. The original issuer of XRP, Ripple, concluded a six-year legal battle last summer.

They have lost the plot. We are fully committed and will remain so. Brad Garlinghouse’s recent remarks clearly support XRP Ledger’s corporate direction.

The CEO even predicted capturing 14 percent of SWIFT’s annualized transaction volume by Q4 2025, when Ripple’s chain was tested alongside HBAR on SWIFT.

The massive financial conglomerate, with an annual transaction volume of $155 trillion, is seven times larger than the total market capitalization of cryptocurrency, which is close to $4 trillion. Ripple already supplies its fast payment settlement ledger to Santander, SEB, TransferGo, and many other globally recognized publicly traded companies.

BYND: Beyond Meat’s 112% Intraday Moonshot Erased Amid Debt Swap Backlash

Posted on by Olumide Adesina

Beyond Meat erased a gain of up to 112 percent on Wednesday, closing the day lower and ending a wild run for the newest company caught up in a resurgence of the meme-stock craze. Starting the day at $7.69, the struggling producer of plant-based burgers and sausages continued a rally that had pushed the price up by more than 1,300 percent since Thursday.

However, after losing the gains, it fell over 27% before rebounding to finish down 1%. Day traders may have been driving the momentum by attempting to buy shares to pressure short sellers, who had bet against the company by selling borrowed shares that they had to repurchase to close their positions.

About 64% of the shares available on the market had been sold short as of the end of September.

As another sign of the resurgence of the meme-stock trend first seen during the pandemic, Roundhill Investments announced late Monday on X that it had added Beyond Meat to its Roundhill Meme Stock ETF.

The rally gained traction after the company revealed that Walmart will expand its product availability to over 2,000 stores, the statement said. As more consumers turned to healthier alternatives during the pandemic, the stock experienced a surge.

The stock swung between gains and losses, with volatility causing more than a dozen trading halts. Bloomberg’s exchange data shows that options trading volume hit a record earlier in the day. Shares of Beyond Meat are still higher than they were at the start of last week, when the company announced that nearly all of its creditors had agreed to a debt swap, resulting in significant dilution for shareholders