Neither as slow as a sloth nor as fast as a cheetah, the crypto market is quietly waking up from a cold reality that recently crushed the prices of major coins. Bitcoin was swinging between the 110,000 – 111,000 range at the time of reporting, while other coins are also brewing their energy to deliver strong performances.
However, last week has been a headline-heavy week marked by Ripple’s major acquisition, Trump’s favorable move for CZ, new partnerships, and more developments. Here is a look at the key developments driving the conversation.
Ripple completes Hidden Road takeover
Ripple Labs has finalized its acquisition of Hidden Road, a non-bank broker offering prime brokerage and financing services. Following the deal, Hidden Road is now rebranded as Ripple Prime.
Trump pardons CZ
In a dramatic turn, US President Donald Trump has issued a pardon for Binance Founder Changpeng Zhao, who pleaded guilty in 2023 to violating financial laws.
Zelle to use stablecoins for cross-border payments
US payment network Zelle will utilize stablecoin technology to facilitate faster and more cost-effective cross-border transfers.
Rumble eyes crypto tips for content creators
Video-sharing platform Rumble has partnered with stablecoin issuer Tether to introduce Bitcoin tipping for its more than 50 million content creators.
Trump taps SEC’s Michael Selig to lead CFTC
Donald Trump has reportedly picked the SEC’s Michael Selig as the Commodity Futures Trading Commission’s (CFTC) next chair.
Fetch.ai — Ocean Protocol dispute will end over 286 million tokens
The feud between blockchain-based AI platform Fetch.ai and Ocean Protocol Foundation will come to an end as the latter will reportedly pay $120 million worth of FET tokens ( 286 million). Earlier, the executives at Fetch.ai said they would withdraw legal claims against Ocean Protocol Foundation if it returns 286 million FET tokens, which were allegedly sold during their merger process.
Ripple’s expansion, rising innovation in crypto payments and AI, and Trump’s dramatic pardon are some of the key developments that kept the crypto industry awake last week. In terms of price, most leading cryptocurrencies saw a modest surge over the past 24 hours, following a sharp fall in the previous week.
More crypto buzz is coming your way next week. Catch them right here at AltCoinDesk!
