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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>
Citigroup is shortening its analyst program to two years to counter private equity talent poaching.
CoinWorld news, Citi announced that it will shorten its analyst program from three years to two in response to Wall Street's competition for young talent. According to an internal memo, Citi will promote current third-year junior bankers on January 1, 2026, provided they meet performance standards. This comes especially as private equity firms begin recruiting earlier. David Friedland, Citi's co-head of North America investment banking, said the reality of private equity interviewing bankers early in their careers is disappointing. At the same time, Citi is also accelerating the use of AI to improve work efficiency and reduce its reliance on young talent.
Strive's SATA raised enough this week to purchase 680 bitcoins.
CoinWorld data: Bitcoin Treasuries pointed out that the funds raised by Strive's SATA this week were enough to purchase more than 680 bitcoins, and SATA's average daily purchases were equivalent to 75% of bitcoin miners' average daily output.
DBS Digital Exchange is considering launching tokenized stocks.
According to CoinWorld news, David Hui, Deputy CEO of DBS Digital Exchange, said that following tokenized currencies and gold backed by redeemable physical bars, tokenized equities are the next product the platform is considering.
European stocks opened weaker as oil prices and high yields weighed on risk appetite.
News from the cryptocurrency world: European stocks opened weaker, with oil prices and high yields weighing on risk appetite. European stocks opened weaker on Wednesday, contrasting with another record high for US stocks overnight. Brent crude returned above $100 per barrel, with the market focused on supply risks that could arise from Houthi attacks on Saudi Arabia and storms in the Gulf of Mexico. Meanwhile, the 10-year US Treasury yield rose above 5.30%, making inflation and high interest rate pressures once again the focus of the market. There was some good news from France: after far-right opposition leader Le Pen pledged to cut spending, the 10-year government bond yield briefly fell back, but then rebounded to 4.83%. In addition, US stock index futures are currently roughly flat, keeping overall market sentiment cautious, with S&P 500 futures unchanged and Nasdaq futures down only 0.1%. The market will next focus on the $3.9 billion US 10-year Treasury auction and the minutes of the Federal Reserve's September meeting.
Temasek CIO: Global markets face two major risks in 2027, with AI topping the list.
According to news from Bijie, Temasek Chief Investment Officer Rohit Sipahimalani said at the 2026 Milken Asia Summit that the unwinding of artificial intelligence (AI) trades is the biggest risk facing global markets. Nevertheless, the company still plans to increase its AI investment allocation to 15% by 2031. He pointed out that the market may face volatility in 2027, especially regarding inflation and the interest rate environment. Temasek currently holds investments in several leading AI companies, including OpenAI, Anthropic, and NVIDIA.
On-chain analyst Ember monitoring: two wallets withdrew 110 million Lobster tokens, which rose more than 40% today.
CoinWorld data: According to monitoring by on-chain analyst Yu Jin, two wallets that may belong to the same whale or institution withdrew 110 million Lobster tokens today from KuCoin and Gate, worth approximately $7.01 million at real-time prices, accounting for 11% of the total Lobster supply. Lobster rose more than 40% today.
Darkfost: Excluding dormant BTC, the market's profitable supply ratio remains at around 60%.
CryptoQuant analyst Darkfost said that since August, excluding BTC that has not moved for more than 10 years, the proportion of Bitcoin supply in a profitable state has remained at about 60%.
The U.S. Department of Justice, citing the Bitcoin Fog precedent, opposes Roman Storm's motion for acquittal.
According to news from Bijie, the U.S. Department of Justice, in a filing submitted on Monday, cited the appellate ruling in the case of Bitcoin Fog operator Roman Sterlingov as additional grounds for opposing Tornado Cash developer Roman Storm's request for a judgment of acquittal. U.S. prosecutors said the ruling supports their position that the venue for the trial in the Southern District of New York is appropriate. Prosecutors said that Shakeeb Ahmed had used Tornado Cash in a Manhattan apartment, and that the related activity is sufficient to establish venue for Roman Storm's trial on charges of conspiracy to commit money laundering and unlicensed money transmission. Judge Katherine Polk Failla heard arguments on Roman Storm's acquittal request in April 2026 but has not yet issued a ruling. A jury in August 2025 found him guilty of conspiracy to operate an unlicensed money transmitting business, and failed to reach a unanimous verdict on the money laundering and sanctions conspiracy charges, with a related retrial tentatively scheduled for April 26, 2027.
Eurozone government bond yields rise, with French bonds underperforming
News from the cryptocurrency world: Eurozone government bond yields rose, with French government bonds underperforming. In early European stock trading, French government bond yields climbed, rising more than other comparable eurozone bonds. Against the backdrop of budget negotiations in which the government insists on keeping the deficit within 5% of GDP, French bonds continue to attract market attention. ING rate strategists Michiel Tukker and Benjamin Schroeder said in a report that the fiscal plan of far-right opposition leader Marine Le Pen "may support French government bonds in the short term, but due to a lack of credibility, combined with uncertainty before the election, yield spreads still face the risk of widening." As the Federal Reserve meeting minutes are due to be released later, eurozone government bond yields also rose in tandem with U.S. Treasury yields. The German 10-year government bond yield rose 2.2 basis points intraday to 3.495%, while the French 10-year government bond yield rose 5.4 basis points to 4.806%.