CryptoDad420 retweeted
Today, @Ripple announced the acquisition of Hidden Road for $1.25B, one of the largest deals ever in the crypto space. But the price tag isn’t what’s most important – it’s that this deal marks a once-in-a-lifetime opportunity for crypto to access the largest and most trusted traditional markets, and vice versa.
Prime brokers (along with other key functions historically managed by banks for the most part) like Hidden Road have proven themselves as *the* trusted intermediary for the largest hedge funds, market makers, OTC desks, quant traders and more. Ripple has been a customer of Hidden Road for years, and we know their breadth of expertise firsthand, clearing $3 TRILLION annually for 300+ of the top financial institutions globally.
This is the capital and activity that will tap into XRP and the XRP Ledger’s bread-and-butter – instant, efficient, scalable and low cost movement of value. Instead of waiting for <24 hours to settle trades through fiat rails, Hidden Road will be using XRPL for clearing a portion of trades, and most consequentially, using RLUSD as collateral across its prime brokerage services, including cross-asset (crypto and traditional instrument) trades.
With this deal and the backing of Ripple’s significant balance sheet, Hidden Road will exponentially expand its capacity to service its pipeline and become the largest non-bank prime broker globally.
Ripple and Hidden Road combined are a generational leap forward, ready to truly bring the worlds of traditional and decentralized finance together. ripple.com/ripple-press/ripp…
CryptoDad420 retweeted
UPDATED SEC v. RIPPLE TIMELINE
With the announcement by @s_alderoty, you better believe the paperwork has been drawn up already.
Now we wait on a vote by SEC Commission (less than 30 days).
Then we wait on filing by SEC to lift injunction, which will be unopposed by @Ripple. Judge Torres will sign off on it (less than 30 days from motion filing).
At most we are 60 days out from this being 100%, formally, legally, and spectacularly over.
CryptoDad420 retweeted
A bigger pullback than I imagined. Trump's pump fully taken back on BTC as stocks moving.
CryptoDad420 retweeted
This tells you exactly why the public attack from big names is against XRP. Look at the size of interest.
@patrickbetdavid, you understand business and psychology. Market share is being taken, which causes panic and competitor attacks. Instead, embrace the XRP movement! 🙌🏻
CryptoDad420 retweeted
Which Crypto has the best long term technology?
44%Ripple - XRP
35%Bitcoin
9%Ethereum
12%Other- (explain why👇🏽)
178,803 votes • Final results CryptoDad420 retweeted
Gives a pretty clear understanding why it’s on the BTC maxi agenda to FUD XRP… going after the biggest competitor, and there’s a real attention concern.
CryptoDad420 retweeted
Your favourite crypto asset is
34%Btc
9%ETH
53%Xrp
5%Link
133,741 votes • Final results CryptoDad420 retweeted
Here you go. Current +3 examples.
I did not think the blip we had on the 11th-15th was our second bullflag, but obviously it was. We've already tested into it. These don't tend to last long.
