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cointelegraph.com Ripple’s Hidden Road debuts OTC crypto swaps in the US

Ripple’s newly acquired prime broker, Hidden Road, has launched cryptocurrency swaps for institutional investors in the United States.The new service allows US institutional clients to trade cash-settled over-the-counter (OTC) swaps across multiple major crypto assets, as Hidden Road announced on May 28.The new OTC swap product is offered by Hidden Road Partners, the company’s entity regulated by the United Kingdom’s Financial Conduct Authority (FCA).The launch follows Ripple’s $1.25 billion Hidden Road acquisition deal announced in April, making the company behind XRP (XRP) one of the first crypto firms to own and operate a global, multi-asset prime broker.Crypto OTC swaps limited in the USCrypto OTC swaps are private, off-exchange transactions where two traders agree to exchange cryptocurrency assets directly, often involving large trades to not disrupt the prices on exchanges.According to Hidden Road’s global CEO, Michael Higgins, OTC swaps represent a significant portion of digital asset trading volumes globally, but they have been “largely unavailable to US institutions.”“The United States digital asset market has long been underserved from a product standpoint,” Higgins said.The executive did not provide any specific figures for estimated crypto OTC volumes globally. In January 2024, the crypto OTC infrastructure firm Finery Markets reported that institutional OTC volumes jumped 106% last year.Cointelegraph approached Hidden Road for comment regarding the estimated OTC volumes globally and in the US, but did not receive a response by the time of publication.Rising institutional demandIn December 2024, Higgins highlighted a rising demand for institutional balance sheets from large institutions in an interview with Finance Magnates.“Servicing them [institutional investors] across traditional finance and digital asset ecosystems that have already converged presents a really unique opportunity for us in the marketplace.”Hidden Road’s OTC swap launch in the US marks one of the first products launched by the firm since the company entered a definitive agreement to be acquired by Ripple.Related: Taurus, Parfin partnership to provide crypto infrastructure to institutionsSoon after the deal was announced, Hidden Road received a broker-dealer license from the Financial Industry Regulatory Authority, a private US corporation and self-regulatory organization regulating member brokerage firms and exchange markets.Hidden Road is also known as one of the first companies to receive a Markets in Crypto-Assets (MiCA) license in Europe immediately after the framework entered into full force on Dec. 30, 2024. The Dutch Authority for the Financial Markets announced the license acquisition on Jan. 30.Magazine: Move to Portugal to become a crypto digital nomad — Everybody else is

news.bitcoin.com Bitcoin Bourbon? Heritage Distilling Drops 106.15-Proof Collector’s Bottle

Heritage Distilling Holding Company, Inc. announced Tuesday the upcoming release of Bitcoin Bourbon, a limited-edition Kentucky straight bourbon whiskey, alongside a 1 BTC giveaway contest following its new policy of accepting cryptocurrency payments. Satoshi-Strength Sip: Heritage Distilling Debuts Bitcoin Bourbon The Nasdaq-listed company (CASK), named North America’s most-awarded craft distillery for ten consecutive years, stated […]

news.bitcoin.com Tether Brings Gold-Backed Omnichain Token XAUt0 to TON Blockchain

Tether has launched XAUt0, an omnichain version of its gold-backed token, on the TON blockchain. This strategic move enhances gold token mobility across blockchains and strengthens TON’s ecosystem amid surging demand for digital commodities. Tether Brings Gold-Backed Stablecoin to Telegram’s Blockchain Tether has rolled out XAUt0, an omnichain gold-backed stablecoin, on The Open Network (TON), […]

btcmanager.com Kraken launches Kraken Prime, a brokerage service for institutional crypto clients

Kraken has launched Kraken Prime, a full-service prime brokerage platform designed for institutional investors entering the digital asset space.  The offering consolidates trading, custody, and financing solutions into a single platform, aiming to meet rising institutional demand for professional-grade crypto…

bitcoinist.com Powell Just Confirmed It—The Dollar’s Reign Is Ending, Bitcoin Is The Exit

Federal Reserve Chair Jerome Powell may not have mentioned Bitcoin—but to Jack Mallers, he didn’t have to. In a fiery video released just hours after Powell’s latest speech, the Strike CEO declared that the Fed Chair had “finally said the quiet part out loud”: that the post-World War II monetary system is collapsing, and Bitcoin […]

bitcoinmagazine.com Norwegian Public Company K33 AB Purchased 10 BTC For Their New Bitcoin Treasury Strategy

Bitcoin Magazine Norwegian Public Company K33 AB Purchased 10 BTC For Their New Bitcoin Treasury Strategy K33 AB made its first purchase of 10 BTC valued at SEK 10 million of the secured SEK 60 million under its new Bitcoin treasury strategy. This post Norwegian Public Company K33 AB Purchased 10 BTC For Their New Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.

news.bitcoin.com Bitstamp Now Officially Robinhood’s—$200M Crypto Power Shift Complete

Robinhood has officially completed its $200 million Bitstamp acquisition, unlocking institutional crypto power, global licenses, and elite trading capabilities across Europe, Asia, and the U.S. Robinhood Seals $200M Bitstamp Deal—Institutional Crypto Era Begins Robinhood Markets Inc. (Nasdaq: HOOD) announced on June 2 that it had finalized the acquisition of Bitstamp Ltd., one of the longest-operating […]

blockonomi.com ENA Token Price Surges After Coinbase Adds Ethena to Listing Roadmap

TLDR: ENA gained over 9% in 24 hours after the Coinbase listing roadmap announcement ENA is consolidating between $0.26 and $0.48, signaling an accumulation phase Resistance at $0.4829 could unlock a path toward $0.73–$0.80 if broken Ethena is launching an RWA blockchain with Securitize, boosting protocol utility Ethena Labs has secured a major milestone as [...] The post ENA Token Price Surges After Coinbase Adds Ethena to Listing Roadmap appeared first on Blockonomi.

news.bitcoin.com Justin Sun Dialogues With James Wynn: A Deep Dive Into Decentralization and Meme Ecosystem Innovation

This content is provided by a sponsor. PRESS RELEASE. Singapore, 3 June 2025 – In a highly anticipated HTX Live session on June 1, Justin Sun, Advisor to HTX and Founder of TRON, engaged in an insightful dialogue with prominent futures trader James Wynn. Their discussion delved into the evolving landscape of the meme ecosystem […]

bitcoinist.com Bitcoin Large Holders Leading The Charge With A Notable Increase In Their Supply Count

With bearish pressure growing in the market, Bitcoin seems to have entered a period of consolidation after rallying for several weeks. Over the past few days, the flagship asset has been hovering between the $103,000 level and the $107,000 threshold. During this recent upward trend, key market players have maintained a bullish sentiment toward BTC. […]

news.bitcoin.com Bitcoin Price Watch: BTC Volume Drops—The Calm Before the Storm?

Bitcoin price stood at $105,382 on June 3, 2025, maintaining a market capitalization of $2.094 trillion with a 24-hour trading volume of $25.18 billion. Intraday volatility showed a price range between $103,984 and $106,443, reflecting a market in search of directional clarity. Bitcoin On the daily chart, bitcoin (BTC) appears to be consolidating after a […]

bitcoinmagazine.com The Blockchain Group Buys $69 Million Worth of Bitcoin

Bitcoin Magazine The Blockchain Group Buys $69 Million Worth of Bitcoin French tech firm completes acquisition of 624 BTC through €60.2 million capital raise and bond issuance. The company reports 1,097.6% BTC Yield year-to-date as European corporations to accelerate Bitcoin treasury adoption. The Blockchain Group, Europe’s first Bitcoin Treasury Company, has acquired 624 Bitcoin for approximately €60.2 million ($69 million), marking a significant expansion of its […] This post The Blockchain Group Buys $69 Million Worth of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.

bitcoinmagazine.com SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey

Bitcoin Magazine SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey On Monday, June 2, 2025, Commissioner Peirce made the case for why permissionless technology like Bitcoin is important and should be protected, and she stated explicitly that Americans should be permitted to use crypto mixers. This post SEC Commissioner Hester Peirce Speaks On Privacy And Permissionlessness At PubKey first appeared on Bitcoin Magazine and is written by Frank Corva.

blockonomi.com AVAX Price Analysis: Avalanche Breakout Signals Point to This Next Target

TLDR: AVAX forms a symmetrical triangle, signaling a possible breakout after months of consolidation. Key resistance levels sit at $22 and $24, with strong buying support around $18 and $16. AVAX could target $71 if the breakout confirms above $25 with rising volume. Trading volume and chart structure indicate investor accumulation near current levels. Avalanche [...] The post AVAX Price Analysis: Avalanche Breakout Signals Point to This Next Target appeared first on Blockonomi.

news.bitcoin.com The Blockchain Group Acquires 624 BTC, Total Holdings Reach 1,471 BTC

The Blockchain Group (Euronext Paris: ALTBG) has confirmed the acquisition of 624 bitcoin ( BTC) for approximately €60.2 million, bringing its total holdings to 1,471 BTC valued at around €131.9 million. This acquisition follows the completion of a reserved capital increase and private placement announced on May 20, 2025, which raised about €8.6 million to […]

bitcoinist.com Saylor’s Strategy Leads Crypto Acquisition Wave – Best Crypto to Buy Now

Strategy is going all in on Bitcoin with a new $250M preferred stock offering to fund more $BTC buys and operations. And it’s not the only company stacking crypto. Hong Kong’s Reitar plans to purchase a whopping $1.5B in $BTC, while UK-based VivoPower acquired $100M worth of $XRP. Robinhood is also making bold moves on-chain, […]

bitcoinist.com Russia’s Banking Behemoth Bets On Bitcoin With New Bond Offering

Sberbank, Russia’s largest bank, has started offering a new bond product tied to Bitcoin’s price. Based on reports, only qualified investors can buy these bonds right now, and trading happens over the counter. Related Reading: Bitcoin’s Next Big Buyer? Saylor Points To Bank Of England The bank says it will soon list them on the […]

bitcoinist.com Circle to Increase Stablecoin IPO to $7.2B: Why Best Wallet Token Could Pump

With plans to list on the NYSE, stablecoin giant Circle has upsized its original IPO to a valuation of $7.2B. This signals significant momentum in the stablecoin market and strong investor appetite for crypto firms. Circle is the issuing company behind $USDC, the world’s second-largest stablecoin, after Tether. The New York-based fintech launched its IPO […]

news.bitcoin.com Bitget Launches Second Year of Anti-Scam Month Campaign to Fight Growing Cyber Fraud

This content is provided by a sponsor. Victoria, Seychelles, June 3, 2025—Bitget, the leading cryptocurrency exchange and Web3 company, has officially launched the second year of its Anti-Scam Month, a global initiative run to spread crypto security awareness. In a world where scams have become as sophisticated as the technologies meant to prevent them, Bitget […]

news.bitcoin.com $286 Million Outflows Hit Bitcoin ETFs While Ether ETFs Celebrate 11th Day of Gains

Bitcoin ETFs suffered a third consecutive day of outflows with $286 million in redemptions, primarily from Blackrock’s IBIT. In contrast, ether ETFs logged an 11th straight day of inflows, bringing in $78.17 million. Bitcoin ETFs See Third Straight Day of Outflows as Ether ETFs Extend Green Run The momentum that once fueled bitcoin exchange-traded funds […]

blockonomi.com BNB Price Breakout Looms: Why Binance Coin Could Explode Higher

TLDR:  BNB nears $670 resistance with breakout targets set at $710, $742, and $800. Binance processes $1.6T in volume, driving demand for BNB’s utility features. SEC ends probe into Binance, clearing path for potential U.S. market entry. 61.11M BNB burned to date as Binance maintains a deflationary token model. Binance Coin faces a critical juncture [...] The post BNB Price Breakout Looms: Why Binance Coin Could Explode Higher appeared first on Blockonomi.

bitcoinist.com Russia Just Dropped A Bitcoin Bomb—While The US Debates

Sber, Russia’s largest universal bank which is majority-owned by the state, has begun marketing a new class of structured bonds whose payouts are indexed to the US-dollar price of Bitcoin and to movements of the dollar against the ruble, opening an officially regulated on-shore route into the world’s pre-eminent cryptocurrency for qualified Russian investors. Russia […]

news.bitcoin.com Nasdaq-Listed Classover to Allocate up to $500 Million in Solana for Treasury Reserve

Classover, a Nasdaq-listed firm, has announced a securities purchase agreement to issue up to $500 million in senior secured convertible notes, aimed at establishing a solana ( SOL)-based treasury reserve. Classover Selects Solana for Treasury Reserve Strategy The Nasdaq-listed online educational platform Classover announced June 2 that it has entered into a securities purchase agreement […]

news.bitcoin.com Ethereum and Pepe Coin Surge Are Paving the Way for Decentralized AI Solutions Like Lightchain AI

This content is provided by a sponsor. The crypto market is buzzing! Ethereum has seen a nearly 5% price increase over the past 24 hours, while Pepe Coin has skyrocketed by an impressive 8%. These surges are reigniting conversations around blockchain technology and DeFi innovations. But what’s next? Let’s talk about how projects like Lightchain […]