JUST IN: Wall Street giant Citi bank partners with Coinbase to work on "digital asset adoption" for their clients 👀 https://t.co/73nAsyw6yD ...

Core Insights - Ripple has acquired global prime broker Hidden Road and rebranded it as Ripple Prime, which has seen its business triple since the acquisition announcement, now serving over 300 institutional clients with more than $3 trillion cleared across markets [1][4]. Group 1: Business Model and Services - Ripple Prime is positioned as an all-in-one service that includes digital assets, foreign exchange, exchange-traded derivatives, over-the-counter swaps, fixed income clearing, repo, and precious metals, emphasizing compliance and risk management [2]. - The prime brokerage model allows clients to access multiple services through a single intermediary, improving efficiency and reducing friction in trading and settlement processes [3][4]. Group 2: Strategic Importance - The acquisition is seen as a significant step for Ripple, making it the first crypto company to operate a global, multi-asset prime broker, which is expected to unlock substantial growth through added licenses and risk capital [4][5]. - Ripple Prime aims to enhance the role of RLUSD, its U.S. dollar stablecoin, with some clients already using it as collateral for prime brokerage products [6]. Group 3: Market Position and Future Outlook - The launch of Ripple Prime expands Ripple's institutional offerings beyond payments and custody, catering to the needs of large trading firms [7]. - The success of Ripple Prime will depend on client demand, market conditions, and its competitive performance against existing prime brokers in both crypto and foreign exchange markets [8].

Group 1: Acquisition and Business Expansion - Ripple has completed a $1.25 billion acquisition of Hidden Road, becoming the first crypto company to own a global prime broker, now rebranded as Ripple Prime [1] - Ripple Prime's business has grown threefold since the acquisition announcement in April [1] - Ripple has made five major acquisitions in the past two years, including a recent $1 billion deal for GTreasury [7] Group 2: Institutional Finance and Market Position - Owning a prime broker positions Ripple at the center of institutional finance, controlling access to leverage and risk management [2] - The acquisition allows Ripple to ensure that its digital assets, particularly XRP and RLUSD, receive similar treatment as traditional assets like stocks and bonds [3] - Ripple's CEO stated that the company is at an inflection point for the next phase of digital asset adoption [3] Group 3: Stablecoin Utility and Market Standing - RLUSD is being utilized as collateral for prime brokerage products, indicating increased utility for the stablecoin [4] - Despite its regulatory compliance and being ranked as the number one stablecoin for stability, RLUSD has fallen to 20th place in the $308 billion stablecoin market, with a market value of $898 million [5] - The Bank of New York Mellon has been announced as the primary reserve custodian for RLUSD, highlighting Ripple's commitment to institutional and regulatory standards [6]

🇺🇸 NEW: @SenLummis said open banking is essential to keep America at the forefront of financial innovation and digital asset adoption.She warned that major banks opposing the rule risk stifling competition and driving crypto entrepreneurs overseas. https://t.co/vV0fK5w5Ph ...

Core Insights - Solana is positioned to potentially become the next mega-cap technology company, as Bitcoin's years of legitimacy are now benefiting the broader crypto landscape [1][3][7] - Record-breaking inflows into crypto exchange-traded funds (ETFs) are driving Bitcoin to new all-time highs, indicating strong market demand [2][5] Industry Trends - Recent U.S. legislation and increased institutional participation are facilitating broader digital asset adoption, with Solana and Ethereum experiencing rapid growth [3][4] - The Bitcoin ETF has seen inflows surpassing those into the Nasdaq 100 since its launch, highlighting overwhelming demand for Bitcoin [5][6] - Traditional markets are beginning to view crypto as a legitimate component of diversified portfolios, which is expected to benefit platforms like Solana [6][7] Company Performance - Solana's native token, SOL, recorded its highest weekly inflow recently, trading at $230.8, reflecting a 10.3% increase over the past week [4] - Despite the surge in prices and institutional interest, overall adoption of digital assets remains low [7] Market Outlook - The year 2025 is anticipated to be a turning point for the crypto market, with increasing acceptance of digital assets among equity investors [5][6] - Bitcoin is viewed as a superior version of gold, with a potential market upside of over 10 times if it continues to gain traction as a store of value [8]

RT Cointelegraph (@Cointelegraph)🇯🇵 JUST IN: Japan's SBI Group partners with Chainlink to accelerate institutional digital asset adoption globally.The collaboration focuses on tokenized real-world assets, funds, and regulated stablecoins, starting with the Japanese market. https://t.co/jtqBvTIR9i ...

🇯🇵 JUST IN: Japan's SBI Group partners with Chainlink to accelerate institutional digital asset adoption globally.The collaboration focuses on tokenized real-world assets, funds, and regulated stablecoins, starting with the Japanese market. https://t.co/jtqBvTIR9i ...

RT Chainlink Everything (@SmartContract).@SergeyNazarov is now live at @SALTConference with @DigitalChamber, @OndoFinance, and @jpmorgan.Watch the livestream to find out more about how Chainlink is driving institutional digital asset adoption by powering the future of capital markets ↓https://t.co/qwEy2OyzwN ...

Chainlink Labs joined the SEC Crypto Task Force along with @ERC3643Org, @EntEthAlliance, @Etherealize_io, and @lfdecentralized to discuss the need for standards enabling the compliant issuance and trading of tokenized assets at scale.For the blockchain industry to reach its full potential and tap institutional capital, meeting regulatory requirements is essential. Only Chainlink provides the compliance, privacy, cross-chain, and data infrastructure needed to scale digital asset adoption in a single platform ...

Core Insights - Prenetics Global Limited announced a partnership between its premium supplements brand IM8 and world No. 1 tennis player Aryna Sabalenka, who becomes the brand's global ambassador and shareholder [1][6][12] - This partnership is significant as it marks the first endorsement of a supplement brand by Sabalenka, who has reported substantial benefits from using IM8's Daily Ultimate Essentials [3][4][6] Company Overview - Prenetics is a leading consumer health sciences company listed on NASDAQ under the ticker PRE, focusing on advancing consumer health through innovative products [10] - IM8, co-founded by David Beckham, is a rapidly growing health and wellness brand that has achieved over US$50 million in Annual Recurring Revenue within six months of its launch [6][8][11] Product Details - IM8's flagship product, Daily Ultimate Essentials, is designed to replace 16 different supplements with a single, NSF Certified for Sport® powder supplement, ensuring safety and efficacy for athletes [11][12] - The product has gained a loyal customer base of over 60,000 users, who have consumed more than 5 million servings [6][8] Market Position - IM8 is recognized as one of the fastest-growing supplement brands globally, with its revenue velocity exceeding typical benchmarks for successful launches by 500% [8] - The partnership with Sabalenka comes at a time when supplement safety and quality are critical issues in professional sports, highlighting the importance of IM8's NSF certification [7][8] Athlete Endorsement - Aryna Sabalenka's personal experience with IM8 has led her to not only endorse the brand but also invest in it, reflecting her confidence in the product's quality and effectiveness [5][7] - The collaboration emphasizes the alignment of Sabalenka's values of athletic excellence and professionalism with IM8's commitment to quality and innovation [7][9]