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More →Ripple expands Brevan Howard deal with prime brokerage services
Ripple Prime will provide prime brokerage, clearing and financing services to funds managed by the $35 billion alternative investment manager. Ripple Prime will provide multi-asset prime brokerage, clearing and financing services to funds managed by Brevan Howard, a global investment manager with about $35 billion in assets. Under the expanded agreement, Brevan Howard will gain access to Ripple Prime’s services across traditional and digital asset markets, according to a Tuesday announcement. The deal builds on an existing relationship between the firms. Brevan Howard-affiliated funds participated in a $500 million investment in Ripple in 2025 that valued the company at $40 billion. “As digital and traditional markets become more interconnected, the need for institutional-quality digital asset infrastructure that enables a seamless experience for investors is only growing,” Brevan Howard chief operating officer Alan McGroarty said. The investment manager serves global clients including sovereign wealth funds, corporate and public pension plans, foundations and endowments. The agreement comes as Ripple expands its prime brokerage business. In August, Ripple Prime raised <a href="https://cointelegraph.com/news/ripple-raises-275m-us-prime-brokerage" rel="nofollow" target="_blank">$275 million through a senior note offering</a> to fund its expansion into prime brokerage, financing and multi-asset clearing. Ripple launched the business after acquiring prime broker Hidden Road for about $1.25 billion in 2025. <em><strong>Magazine: </strong></em><a href="https://" rel="nofollow noopener" target="_blank"><em><strong>Too big to pause: Could an AI slowdown crash the economy?</strong></em></a>
Avalanche Price Prediction: AVAX Rises 5% on Institutional RWA Demand
CoinWorld data: Avalanche (AVAX) rose about 5% over the past 24 hours, benefiting from growing institutional demand for real-world assets (RWA). AVAX is currently trading at around $11.45, with 24-hour trading volume exceeding $560 million and a market capitalization of about $5.1 billion. The token has rebounded sharply since its September low, driven by renewed interest in Avalanche as infrastructure for tokenized funds, securities, and institutional settlement. The main recent catalyst is Lynq, an institutional settlement network built on Avalanche technology that makes Goldman Sachs' Financial Square Treasury Instruments Fund available to participants. Avalanche also activated Helicon on September 22, carrying out a series of technical upgrades to improve transaction speed and reduce costs.
Federal Reserve's Schmid: There is still a long way to go in curbing inflation.
CoinWorld news, Fed's Schmid: There is still a long way to go in curbing inflation.
Fed's Schmid: Inflation is frustrating and must be addressed.
According to Bijie Network news, Federal Reserve's Schmid stated that the current inflation situation is frustrating and must be addressed.
The International Energy Agency (IEA) will meet on Wednesday to discuss the release of diesel and crude oil inventories.
According to Bijie Network, the International Energy Agency (IEA) will meet on Wednesday to discuss the release of diesel and crude oil inventories.
TRM Labs and Zscaler ThreatLabz team up to track cybercrime and nation-state blockchain activity
TRM Labs and Zscaler ThreatLabz announced a partnership aimed at integrating threat research and blockchain intelligence to track the flow of funds associated with cybercrime and nation-state activity.
Google signs 20-year nuclear power deal with Constellation Energy
CoinWorld news, according to The Wall Street Journal, Google (GOOG.O) has reached a 20-year nuclear power agreement with Constellation Energy, the largest nuclear power operator in the United States.
Fed's Daly: Whether further rate hikes are needed depends on how shock events unfold.
According to Bijie Network, Fed's Daly: Whether further rate hikes are needed depends on how the shock events develop.
The Federal Reserve's reverse repurchase operation accepted 16 counterparties for a total of $414 million.
According to Bijie News, the Federal Reserve accepted a total of $414 million from 16 counterparties in its fixed-rate reverse repurchase operation.
According to The Wall Street Journal, people familiar with the matter said
According to a Wall Street Journal report citing people familiar with the matter, Lambda, a cloud computing company backed by Nvidia (NVDA.US), is raising up to $4 billion at a pre-money valuation of $14.5 billion.