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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>
Market news: TOWA plans to build a new semiconductor equipment factory to improve Japan's domestic supply chain.
Coin World news, market news: TOWA plans to build a new semiconductor equipment factory to improve Japan's domestic supply chain.
Montenegro company signs definitive agreement to provide supporting services for Google's proposed data center in Cheyenne, Wyoming.
Montenegro company signs final agreement to provide supporting services for Google's planned data center in Cheyenne, Wyoming, with the contract valid until 2048.
The Winklevoss twins apply for a Zcash ETF, making a renewed push 13 years later.
According to news from Bijie, as reported by U.Today, the Winklevoss twins plan to launch a Zcash (ZEC) ETF, allowing investors direct exposure to this privacy coin. The ETF has been filed for registration with the U.S. Securities and Exchange Commission via Form S-1, named the Winklevoss Zcash ETF, and sponsored by Winklevoss Asset Services, LLC. The Winklevoss twins submitted the first Bitcoin ETF application 13 years ago. The ETF is designed for passive investment, directly holding ZEC and tracking its price movements. If approved, it will be listed on Nasdaq, with an expected ticker symbol of WINK. All ZEC will be stored by Gemini Trust Company, which was co-founded by the Winklevoss twins. Winklevoss Capital Fund has expressed its intention to purchase up to $100 million in shares, but this is not a binding commitment.
Germany's regulator rejects Bitcoin Group SE's MiCA license application.
Bitcoin Archive reports that German regulators have rejected Bitcoin Group SE's $160 million MiCA crypto license application, causing its subsidiary Futurum Bank to halt trading and plan to restart operations through a regulated partner.
Base vault's $6 million exploit exposes disclosure gap
CoinWorld data: An undisclosed Base vault suffered a $6 million exploit, exposing gaps in vulnerability reporting. Gonçalo Magalhães, head of security at Immunefi, said that at the time of the incident, approximately $31.7 million remained in the vault. The attacker used a secure multisig wallet to add a malicious contract to the vault's lending whitelist, then withdrew 1,783 abaswsteth and swapped it via AAVE V3 for approximately 1,783 wsteth. Magalhães pointed out that restricting access to approved addresses may appear to provide protection, but in reality any approved address can withdraw assets without providing collateral, which effectively became a major vulnerability.
Abraxas Capital Management-linked wallets hold $1.58 billion in net cryptocurrency shorts.
CoinWorld data: According to Bitcoin.com News, two HyperLiquid wallets associated with Abraxas Capital Management hold approximately $1.58 billion in net short exposure to cryptocurrencies, of which positions related to BTC and ETH are worth about $948 million. As of October 7 at 3:55 (UTC+8), these two wallets held about 189,400 ETH and 5,120 BTC, with unrealized losses of approximately $115 million, and also held short positions in assets such as SOL, HYPE, ENA, XRP, SUI, and PUMP.
The Dow Jones Industrial Average closed up 253.32 points on Tuesday, October 6.
CoinWorld news, the Dow Jones Industrial Average closed up 253.32 points, or 0.49%, at 51,521.22 on Tuesday, October 6; the S&P 500 closed up 45.03 points, or 0.58%, at 7,818.98 on Tuesday, October 6; the Nasdaq Composite closed up 122.48 points, or 0.45%, at 27,599.79 on Tuesday, October 6.
The S&P 500 closed at a record high, preliminarily up 0.6%.
Biji.com news: The S&P 500 initially closed up 0.6%, setting a record closing high. The utilities sector rose 2.9%, consumer discretionary and real estate sectors rose more than 1%, the technology sector rose 0.5%, and the healthcare sector fell 0.1%. The Nasdaq Biotechnology Index initially closed down 2.3%. The Nasdaq 100 initially closed up 0.5%. Among its components, nuclear power stock Constellation Energy initially closed up 12.2%, Nebius Group rose 7.2%, Astera Labs rose 6.7%, Marvell Technology rose 7%, and CoreWeave, Cisco, Autodesk, Broadcom, and Lumentum rose at least about 3.5%. SanDisk fell 2.5%, Intel fell 2.6%, KLA fell 4.7%, Western Digital fell 6.9%, and Seagate Technology fell 9.1%.
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.