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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>
Fintech company Navra closes $19 million Series A funding round led by Ribbit Capital.
Fintech startup Navra has completed a $19 million Series A funding round, led by Ribbit Capital, with participation from Baseline, DCM, Jump Crypto, and Figure Technology Solutions. Navra plans to launch for retail and institutional clients by the end of October, with Figure as its first blockchain partner.
Asian stocks 1. A-shares will be closed on Tuesday, October 6.
Bitcoin News, Asian stocks 1. A-shares were closed on Tuesday, October 6; 2. The Hong Kong Hang Seng Index closed up 240.22 points, or 1.0%, at 24,280.56 on Tuesday, October 6; 3. The Hong Kong Hang Seng Tech Index closed up 39.4 points, or 0.94%, at 4,223.08 on Tuesday, October 6. European stocks 1. Germany's DAX30 index closed up 197.98 points, or 0.78%, at 25,452.19 on Tuesday, October 6; 2. The UK's FTSE 100 index closed up 43.33 points, or 0.41%, at 10,541.27 on Tuesday, October 6; 3. France's CAC40 index closed up 30.97 points, or 0.40%, at 7,865.07 on Tuesday, October 6; 4. The Euro Stoxx 50 index closed up 30.81 points, or 0.49%, at 6,272.95 on Tuesday, October 6;
The most recent funding rate for the ETH perpetual contract is 0.008382%.
CoinWorld data: The most recent funding rate for the ETHUSDT perpetual contract is 0.008382%, with longs paying shorts. This is up 0.0062 percentage points compared with the same-caliber snapshot 24 hours ago.
South Africa's First National Bank partners with Valr to support cryptocurrency trading
According to Bijie news, South Africa's First National Bank (FNB) has partnered with Valr to allow customers to buy BTC, ETH, XRP, SOL, and USDT for as little as 10 rand through its stock trading platform.
The U.S. government address transferred out 833.6 BTC and 40,300 BNB, worth approximately $103 million.
Bjie.com data: According to monitoring by on-chain analyst Yu Jin, 6 hours ago, a U.S. government address transferred out 833.6 BTC and 40,300 BNB, worth approximately $103 million. Among them, 833.6 BTC has entered Coinbase Prime, while 40,300 BNB, after multiple transfers, is currently located at address 0xbe7...81e. The U.S. government address currently still holds assets worth $28 billion, mainly including 324,000 BTC, valued at $27.7 billion.
The most recent funding rate for BTC perpetual contracts is -0.001827%.
CoinWorld data: The most recent funding rate for the BTCUSDT perpetual contract is -0.001827%, with shorts paying longs. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0002 percentage points.
BTC saw a net capital outflow of 188.6613 BTC over the past 24 hours.
Biji Network data: BTC saw a net capital outflow of 188.6613 BTC over the past 24 hours. This figure is aggregated from continuous 1-hour resolution data and represents the rolling 24-hour net capital flow denominated in BTC assets. It does not represent exchange net inflows, on-chain exchange flows, or institutional capital flows, and should not be conflated with deposit and withdrawal data from any single exchange. Compared with the same-caliber snapshot 24 hours ago, it rose by 89.59%.
BHP sells shuttered Australian nickel plant to Gold Fields.
BHP sells its shut-down Australian nickel plant to Gold Fields. BHP Group will sell the Kambalda nickel concentrator and associated land in Western Australia to Gold Fields Limited for an undisclosed sum. In a statement on Wednesday, BHP said Gold Fields will "assess the long-term use of the concentrator." The transaction includes mining leases and mineral rights. Affected by a global nickel supply glut and a price crash, BHP shut down the Kambalda concentrator in mid-2024 and simultaneously suspended all nickel operations in Western Australia. BHP said it is still evaluating its overall nickel business; decisions on the disposal of remaining assets, including the nickel refinery, smelter and two large mines, are expected to be announced in February 2027. Dragged down by a surge in output of the battery metal from Indonesia, the world's largest mining group took a $2.5 billion impairment charge on its nickel assets in 2024. Gold Fields has been scouting gold mining infrastructure and mine assets in the region.
10.7 Snapshot: Daly Turns Hawkish, Hong Kong Government Legislation, Trade Deficit
CoinWorld data: According to media reports, a snapshot on October 7 showed: Federal Reserve's Daly said that based on the evolution of macroeconomic data, policymakers may need to tighten monetary policy. Hong Kong will submit a virtual asset service licensing regime bill before the end of this year, covering trading, custody, advisory, and management. The U.S. trade deficit surged to $105.6 billion, a 17-month high. The UAE sovereign wealth fund holds nearly $1 billion in Bitcoin. South Africa's second-largest bank, FNB, will launch Bitcoin trading services for 9 million customers. Hong Kong confirmed that it will formally submit a Bitcoin and cryptocurrency bill this year. Trump said a strong dollar will not bring inflation and is considering suspending the federal gasoline tax.