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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>
2026 reality of AI agent payments: over 90% of payments are below one cent.
CoinWorld data: BeInCrypto's latest research, "The State of AI Agent Payments in 2026," shows that in the financial sector in 2026, AI agent payments are seen as the next major disruption, similar to contactless payments. The study found that between July and August 2026, of the 6.4 million payments recorded, more than 90% were for amounts below one cent. The most commonly used paid resource was AI-generated cryptocurrency security assessments, charged at two cents per request. Solana accounted for 99.2% of transactions in the sample, with activity highly concentrated, as transactions within 8 days made up 94.5% of all recorded payments.
Fed's Schmid: More work needed on short-term rates
According to Bijie Network news, Jinlianchu's Schmid stated that although long-term yields have risen, the Federal Reserve still needs to work on short-term interest rates.
OpenAI: Partnering with Ironclad to research AI agents for complex contract workflows
CoinWorld news, OpenAI: Partnering with Ironclad to conduct AI agent research for complex contract workflows.
Federal Reserve's Schmid: Artificial intelligence has now become one of the main drivers of inflation.
CoinWorld news, Fed's Schmid: Artificial intelligence has now become one of the main drivers of inflation.
Fed's Schmid: Inflation situation is tricky and must be contained
CoinWorld news, Fed's Schmid: The inflation situation is tricky and must be contained.
Fed's Schmid: The Fed faces a credibility crisis in fighting inflation.
Coin World News, Fed's Schmid: The Fed faces a credibility crisis in fighting inflation.
Kansas City Fed President Jeff Schmid: The fight against inflation is putting the Fed's credibility to the test.
According to Bijie News, Federal Reserve Bank of Kansas City President Jeff Schmid: The fight against inflation is putting the Fed's credibility to the test.
Federal Reserve's Schmid: Artificial intelligence is one of the main drivers of inflation.
According to Bijie News, Federal Reserve's Schmid stated that artificial intelligence is now one of the main drivers of inflation.
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.