RIPPLE TO ACQUIRE PRIME BROKER HIDDEN ROAD FOR $1.25B

Summary from the TLDR Crypto newsletter

Ripple is buying prime brokerage firm Hidden Road for $1.25 billion, aiming to scale up its institutional crypto services and boost its stablecoin strategy. The deal will integrate Ripple's RLUSD stablecoin and the XRP Ledger into Hidden Road's infrastructure, positioning Ripple to better bridge traditional finance and digital assets.