Russell 2000 just made a new ATH. We might be in for a show if we get close above new ath. shout out @BCBacker for the incite on this being a signal in the midst of all the noise. #altseason#crytpo#numbergoup ๐๐๐
Ripple is dropping our cross appeal, and the SEC is expected to drop their appeal, as theyโve previously said. Weโre closing this chapter once and for all, and focusing on whatโs most important โ building the Internet of Value. Lock in.
#CRYPTO - #blowofftop is coming ONLY FEW ๐ง :
The Economy Is Slowing Down and it is evidential
Explosive liquidity is coming and it will lead to a #blowofftop. A rapid and explosive surge will take everyone by surprise ๐
But Beware - after the peak, comes the crash! ๐ฅ๐ฃ
Stay alert and manage your risk wisely!
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isnโt whatโs most important โ itโs that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledgerโs bread-and-butter โ instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Rippleโs significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. https://t.co/UYOOyQ21dG