NEWS DIGESTπ
1.Ripple Acquires Prime Broker Hidden Road for $1.25 Billion
Ripple has announced its acquisition of multi-asset prime broker Hidden Road for $1.25 billion. The move aims to strengthen Rippleβs foothold in institutional finance by leveraging Hidden Roadβs network of over 300 institutional clients and $3 trillion in annual transaction volume. This acquisition also supports the expansion of Rippleβs stablecoin RLUSD, positioning it as a key competitor to Tether and USDC.
Β 2. US DOJ Eases Crypto Enforcement Policy for Platforms
The U.S. Department of Justice has rolled back its enforcement stance, stating it will no longer charge crypto platforms for violations committed by their users. In a new memo, Deputy Attorney General Todd Blanche clarified that exchanges and wallets wonβt be held liable for money laundering or sanctions evasion by third parties. The DOJ will now focus on prosecuting individuals directly involved in illicit activities using crypto.
Β 3. Tether Invests $500M in Bitcoin Mining with a Sustainability Focus
Tether is finalizing a $500 million investment into bitcoin mining infrastructure with a strong emphasis on decentralization and renewable energy. CEO Paolo Ardoino highlighted plans to expand operations in Latin America and commit to green energy solutions. This strategic move aligns with the upcoming Bitcoin halving event expected to impact market dynamics.
Β 4. Toobit Named Best Crypto Exchange in MENA for 2025
Global crypto exchange Toobit has been awarded βBest Crypto Exchange MENA 2025β by the World Business Outlook Awards. This accolade recognizes Toobitβs dedication to delivering secure and efficient trading experiences across the Middle East and North Africa region.
