Ripple Prime expands into US equity derivatives with Delta One business
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Ripple co-founder Chris Larsen reportedly invested in derivatives trading platform APEC.
According to ChainCatcher, Ripple co-founder and executive chairman Chris Larsen has reportedly invested in American Perpetuals Exchange Corp. (APEC), a derivatives trading platform founded by Theodore Gillibrand, son of New York Senator Kirsten Gillibrand. The platform has raised $300 million, with most investors contributing between $5,000 and $10,000. The amount of Chris Larsen's investment is unknown. Previously, Kirsten Gillibrand publicly stated that "it is unacceptable for members of Congress and government officials to profit from the industry as insiders," but his spokesperson responded that Gillibrand had "no involvement" in his son's business.
Ripple raises $275M for US prime brokerage to meet institutional demand
Ripple said the $275 million raised will support its expansion into traditional financial services such as prime brokerage and multi-asset clearing, citing strong demand from institutions.
Deutsche Bank: Meta Cloud business may open a channel for monetizing hundreds of billions of dollars of AI investment, with revenue expected to increase by up to $30 billion by 2027.
According to Mars Finance, Deutsche Bank believes that Meta's plan to sell AI computing power and model access to external customers does not necessarily mean that Meta is weakening its cutting-edge models or "superintelligence" strategy. Rather, it's more likely that Meta is monetizing older, non-core, or temporarily idle computing power while retaining the latest generation chips for internal training. This move is expected to shift market concerns about Meta's "high capital expenditure and limited revenue returns" to a reassessment of its new high-profit revenue options. Deutsche Bank estimates that Meta's AI-related computing power may reach 8 to 11.5 GW by the end of 2027, of which approximately 1.2 to 2.7 GW can be sold externally. Assuming 75% is sold, with annualized revenue of $10 billion to $15 billion per GW, Meta could generate an additional $9 billion to $30 billion in revenue in 2027, 3% to 10% higher than market expectations, with a baseline scenario of approximately $17.5 billion. (Cailian Press)
MoneyGram launches Visa stablecoin card as remittance rivals expand
MoneyGram is following rival Western Union’s lead, rolling out a Visa stablecoin debit card as it expands blockchain-based payments.
BitGo Buys NYDIG's Institutional Trading Arm to Beef Up Derivatives and Financing
The roughly $42.5 million cash-and-stock deal adds derivatives, structured products and capital-markets capabilities, while letting NYDIG focus on its power and data-center business.
Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express
Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.