Ripple’s ‘defining moment,’ Binance’s ongoing purge
From Cointelegraph
April 11, 2025 4:00 pm:
Ripple acquires multi-asset prime broker Hidden Road for $1.25 billion, paving the way for broader XRP Ledger adoption. Binance delists 14 tokens due to quality concerns, former CEO CZ appointed as adviser for Pakistan’s crypto council. Despite US-China trade war turmoil, industry experts believe the crypto bull market is just beginning.
Ripple’s acquisition of Hidden Road, a major payment company, is seen as a game-changer for promoting XRP Ledger. Binance plans to remove 14 tokens from its platform after community nominations. Pakistan appoints former Binance CEO CZ to advise on crypto regulations and adoption efforts.
Industry experts predict the crypto bull market has not yet peaked, drawing parallels to past market crashes. Panelists believe market conditions are favorable for future growth, with potential Federal Reserve intervention. Messari CEO Eric Turner highlights the impact of Bitcoin ETFs and meme coins on market dynamics. 1. The stock market experienced a sharp decline today, with the S&P 500 falling by 3% and the Dow Jones Industrial Average dropping by 800 points. This comes as concerns over inflation and rising interest rates continue to weigh on investor sentiment.
2. The United Nations released a report stating that global carbon dioxide emissions reached a record high in 2021, jumping by 4.7% compared to the previous year. This increase is attributed to the rebound in economic activity following the COVID-19 pandemic.
3. The CDC announced that the Omicron variant is now the dominant strain of COVID-19 in the United States, accounting for over 73% of new cases. Health officials urge the public to continue practicing preventive measures, such as wearing masks and getting vaccinated.
4. The Biden administration unveiled a new $1 billion initiative to combat domestic terrorism, following a rise in extremist threats and violence in the country. The funding will be allocated towards enhancing intelligence sharing, training law enforcement, and supporting victims of hate crimes.
5. Tesla reported record-breaking sales in the fourth quarter of 2021, delivering over 300,000 vehicles globally. The electric car maker exceeded analysts’ expectations and saw its stock price surge by 8% in after-hours trading. CEO Elon Musk credited strong demand for the company’s success.
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1. Bitcoin reaches new all-time high of $60,000, as demand surges among retail and institutional investors. Market cap surpasses $1 trillion for the first time, solidifying its position as a mainstream asset class.
2. Ethereum breaks above $2,000 for the first time, driven by increased interest in decentralized finance (DeFi) and non-fungible tokens (NFTs). Network upgrades and growing adoption contribute to the price rally.
3. Tesla announces $1.5 billion investment in Bitcoin and plans to accept the cryptocurrency as payment for its products. CEO Elon Musk cites Bitcoin’s potential to diversify and maximize returns on cash holdings.
4. PayPal enables U.S. customers to pay with cryptocurrencies at millions of merchants, further integrating digital assets into everyday transactions. The move follows PayPal’s successful launch of cryptocurrency trading services.
5. Grayscale’s Bitcoin Trust becomes the first crypto asset to surpass $30 billion in assets under management (AUM), highlighting institutional demand for exposure to digital currencies. Grayscale’s offerings continue to attract investors seeking exposure to the crypto market.: Ripple’s ‘defining moment,’ Binance’s ongoing purge