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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>
abstract announces shutdown, users must migrate assets by December 15, 2026.
According to news from Bijie, the L2 network abstract has announced that it will gradually shut down, and the network will cease operations on December 15, 2026. At that time, funds that have not been bridged out will become inaccessible. Users can bridge out assets through the official migration center migrate.abs.xyz or the native bridge native-bridge.abs.xyz. abstract stated that a chain focused on consumer-grade crypto is difficult to sustain as an independent model, and growth has stalled due to a restricted DeFi ecosystem and weak on-chain liquidity. abstract is an Ethereum Layer 2 network launched by the Pudgy Penguins team, having attracted more than 400,000 users cumulatively and with over 144 deployed applications. The official team reminds users to beware of fake migration websites.
Tether faces lawsuit over freezing $2.76 million in stablecoins
Tether faces lawsuit over freezing $2.76 million in stablecoins, according to Bihaiwang News.
The U.S. dollar index, which measures the greenback against six major currencies, fell 0.33% on the day and closed at 101.833 in late foreign exchange trading.
News from Bijie: The U.S. dollar index, which measures the greenback against six major currencies, fell 0.33% on the day and closed at 101.833 in late foreign exchange trading. As of the late New York foreign exchange session, 1 euro exchanged for 1.1261 U.S. dollars, higher than 1.1215 U.S. dollars the previous trading day; 1 British pound exchanged for 1.3277 U.S. dollars, higher than 1.3219 U.S. dollars the previous trading day. 1 U.S. dollar exchanged for 158.12 Japanese yen, higher than 158.00 Japanese yen the previous trading day; 1 U.S. dollar exchanged for 0.8313 Swiss francs, higher than 0.8307 Swiss francs the previous trading day; 1 U.S. dollar exchanged for 1.4209 Canadian dollars, lower than 1.4256 Canadian dollars the previous trading day; 1 U.S. dollar exchanged for 9.9861 Swedish kronor, lower than 10.0403 Swedish kronor the previous trading day.
ETH/BTC比率报0.031438
According to data from Bijie.com: market conditions at the same point in time show that 1 ETH is approximately equal to 0.031438 BTC.
The CFTC proposes crypto rules that do not cover spot trading.
CoinWorld news: The CFTC released early draft rules on October 5, planning to use its existing authority to regulate crypto exchanges, but it did not touch the spot market. The new rules mainly target leveraged and margin trading, and the CFTC also proposed two related measures: Crypto Trading Regulation (CTX) and Crypto Asset Market Regulation (CAM). CTX clarifies the CFTC's jurisdiction over retail leveraged trading, while CAM aims to establish a new exchange license to support these retail activities. The CFTC's new rules do not affect ordinary spot trading and focus on preventing fraud. This move came after the "Clarity Act" failed to pass in Congress, when CFTC Chairman Mike Selig decided to act alone.
FNB South Africa will launch Bitcoin trading services for 9 million customers.
CoinWorld news: South Africa's second-largest bank, FNB, has announced it will launch Bitcoin trading services for 9 million customers.
International oil prices edged up on the 6th.
According to BiJie Network, international oil prices rose slightly on October 6. As of the close that day, the price of light sweet crude oil futures for November delivery on the New York Mercantile Exchange rose 1 cent to settle at $89.44 per barrel, an increase of 0.01%. The price of London Brent crude oil futures for December delivery rose 26 cents to settle at $100.58 per barrel, an increase of 0.26%.
The UK government has appointed six banks to issue its first digital-native government bond.
According to CoinWorld news, the UK government has appointed Barclays, HSBC, Lloyds, Morgan Stanley, NatWest and RBC Capital Markets as joint lead managers for the first digital-native government bond, digit, which is expected to be issued in the first quarter of 2027. These six banks will. digit will be issued through a platform within the UK Digital Securities Sandbox, testing the application of distributed ledger technology in government bond issuance and across the full lifecycle. Lucy Rigby, Economic Secretary to the UK Treasury, said the project explores the application of distributed ledger technology in the sovereign debt market and promotes the development of the UK's digital financial infrastructure. HSBC was appointed in February as the distributed ledger technology provider for the pilot, and in July reached an agreement with the London Stock Exchange Group to develop a connection solution for a digital securities depository.
SOL large holder account long-short ratio is 1.745
CoinWorld data: The latest 4-hour snapshot for SOLUSDT shows that among the top 20% of accounts by margin balance, the long-short account ratio is 1.745, with more net long accounts among large holders. Compared with the same-caliber snapshot 24 hours ago, it has decreased by 0.2285.