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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>
Payment company says Tether froze $2.76 million, Brazilian police did not flag it, leading to layoffs.
Coin World news: Payment company Conduit Technology has accused Tether of freezing $2.76 million of its operating funds, even though an investigation by Brazilian police did not name the wallet. According to the complaint, the wallet has been frozen since September 24, 2025. Conduit filed a lawsuit in Manhattan federal court seeking to unfreeze the funds and claim damages. The complaint states that Tether did not explain the reason for the freeze and directed Conduit to Brazilian police. Conduit said the frozen funds affected its ability to make payments to customers, leading to layoffs and office closures.
Market news: SpaceX plans to raise $40 billion in financing led by Apollo Global Management.
CoinWorld news, market news: SpaceX plans to raise $40 billion in financing led by Apollo Global Management to purchase Nvidia chips.
Bitget CEO: How secure are exchanges after the $387 million hack?
CoinWorld data: Bitget CEO Gracy Chen, in an interview with BeinCrypto, discussed the $3.875 million hack that occurred on September 24, in which the attacker carried out the attack by manipulating the internal withdrawal process. According to a Chainalysis report, the attack was carried out by North Korean hackers. Chen stated that Bitget completed a phased restart of withdrawals on October 2 and is still tracking the stolen funds. She mentioned that the frozen funds amount to approximately $1.07 million, accounting for 0.28% of the loss. Chen also stated that Bitget has replenished its protection fund to more than $300 million and believes this threshold is sufficient under the current circumstances. Although the theft exceeded this amount, the company still holds more than $1 billion in external capital. Chen also mentioned that the hacking incident had a limited impact on daily operations and profitability, and many customers have begun to return after withdrawals resumed.
According to people familiar with the matter, Nvidia-backed cloud computing startup Lambda is raising up to $4 billion in funding.
According to insiders, Lambda, a cloud computing startup backed by Nvidia, is raising up to $4 billion in funding. The financing will value Lambda at a pre-money valuation of $14.5 billion, with the pre-IPO round led by Blackstone Group and Coatue Management. Lambda's management aims to go public in 2027, though the exact timing will depend on preparation progress and market conditions. Lambda's AI computing backlog was $15 billion in June this year and had grown to $50 billion by September.
OpenAI: We are releasing a new set of mathematical research results derived from our internal frontier models.
CoinWorld news, OpenAI: We are releasing a series of new mathematical research results derived from our internal frontier models. We have consulted with the independent advisory group on mathematics and artificial intelligence at the Institute for Advanced Study in Princeton, and, taking into account their opinions and public recommendations, determined the manner of release for these results.
Hyperliquid is registered in Singapore but is not licensed.
According to CoinWorld news, Hyperliquid has confirmed that it is registered in Singapore, but the Monetary Authority of Singapore (MAS) stated that the platform is not within its jurisdiction. Hyperliquid's team resides in Singapore but has not applied for a MAS license. On June 26, MAS added Hyperliquid to Singapore's crypto warning list, reminding the public that the platform is not regulated by it. Hyperliquid claims to be permissionless infrastructure, with users controlling their own funds. Despite the MAS warning, Hyperliquid's HYPE token is still trading, currently priced at $91.64, down 3% within 24 hours.
The brief rebound in US Treasuries does little to change the bearish sentiment, with traders betting that yields will continue to climb.
As long-term U.S. Treasury yields hover near 24-year highs, traders are further increasing their bearish bets against U.S. government bonds, suggesting that despite a sharp slowdown in job growth signaling a cooling economy, the market still expects the Treasury selloff to continue. After last Friday's weak employment data, some traders quickly covered short positions, driving a brief rebound in Treasuries. But since then, open interest linked to long-term Treasuries has continued to rise, indicating traders are still positioning for further declines in bond prices. As yields climb, open interest in 10-year Treasury futures has increased in 14 of the past 18 trading sessions, a pattern typically associated with rising short positions. Citigroup strategist David Bieber said market positioning in Treasuries remains at "extremely short" levels, indicating a "persistent bearish bias" still exists. Recent trading activity has been driven both by new short positions and by the unwinding of long Treasury positions, and these trading signals suggest that Tuesday's move may have been only a brief respite in a months-long Treasury decline. Although yields edged lower, 10-year and 30-year Treasury yields remain only slightly below the highs touched on Monday.
October 7 overnight news at a glance
CoinWorld News, October 7 overnight highlights. 1. Canada's Fraser Institute released its "Economic Freedom of the World: 2026 Annual Report" on the 6th, and Hong Kong continued to be rated as the world's freest economy. 2. Qatari officials: U.S.-Iran negotiations are still ongoing, and messages are being exchanged between Washington and Tehran, with Qatar serving as mediator. 3. International oil prices rose slightly on the 6th. WTI crude oil futures rose 1 cent to close at $89.44 per barrel, up 0.01%; Brent crude oil futures rose 26 cents to close at $100.58 per barrel, up 0.26%. 4. Anthropic expands access to advanced AI models, allowing specific institutions to conduct cybersecurity testing. 5. Apple's upcoming smart home devices will include a doorbell, thermostat, and other accessories jointly developed with LG Electronics. 6. Russia's Ministry of Defense announced on the 6th that the Russian military received more than 10,000 pieces of equipment of various types in September.
According to the Financial Times, SpaceX (SPCX.O) plans to raise $40 billion through financing led by Apollo.
According to a report by the UK Financial Times: SpaceX (SPCX.O) plans to raise $40 billion through financing led by Apollo to procure Nvidia (NVDA.O) chips.