{"id":127029,"date":"2025-04-11T21:21:33","date_gmt":"2025-04-11T21:21:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127029"},"modified":"2025-04-11T21:21:33","modified_gmt":"2025-04-11T21:21:33","slug":"crypto-biz-ripples-defining-moment-binances-ongoing-purge","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127029","title":{"rendered":"Crypto Biz: Ripple\u2019s \u2018defining moment,\u2019 Binance\u2019s ongoing purge"},"content":{"rendered":"

Source: Cointelegraph.com NewsRipple made headlines this week when it became the first crypto-native company to acquire a multi-asset prime broker, potentially setting the stage for wider adoption of its XRP Ledger technology.\u00a0
\nThe acquisition of Hidden Road didn\u2019t come cheap, either, as Ripple doled out $1.25 billion for the brokerage. It was a price Ripple CEO Brad Garlinhouse was happy to pay as the company set its sights on global expansion.\u00a0
\nElsewhere, crypto exchange Binance listened to its community and moved to delist 14 tokens that no longer met its quality thresholds. Meanwhile, Binance\u2019s former CEO, Changpeng Zhao, was appointed adviser for Pakistan\u2019s newly formed crypto counsel.\u00a0
\nAll this happened against a backdrop of negative headlines and plunging crypto prices stemming from the US-led trade war, which culminated in President Donald Trump\u2019s executive order establishing a 104% tariff on Chinese imports.\u00a0
\nDespite the chaos, a panel of industry experts told Cointelegraph that the crypto bull market is far from over. In fact, it hasn\u2019t even started yet.\u00a0
\nHidden Road: Ripple\u2019s \u201cdefining moment\u201d
\nRipple\u2019s $1.25 billion acquisition of Hidden Road is the payment company\u2019s \u201cdefining moment,\u201d according to Ripple\u2019s chief financial officer, David Schwartz.
\nIn a social media post, Schwartz said the acquisition gives Ripple a major boost in promoting its XRP Ledger since Hidden Road already has more than 300 institutional customers and processes more than 50 million transactions per day.
\nSource: David Schwartz\u201cNow, imagine even a portion of that activity on the XRP Ledger \u2014 and that\u2019s exactly what Hidden Road plans on doing \u2014 not to mention future use of collateral and real-world assets tokenized on the XRPL,\u201d said Schwartz.\u00a0
\nRipple has already dabbled in real-world assets (RWAs) by launching a tokenized money market fund in partnership with crypto exchange Archax. That could be the tip of the iceberg for the company\u2019s RWA ambitions.\u00a0
\nBinance\u2019s purge continues
\nCryptocurrency exchange Binance will purge 14 tokens from its platform on April 16 following its first \u201cvote to delist\u201d results, where community members nominated projects with troubling metrics.
\nThe 14 tokens selected for delisting include Badger (BADGER), Balancer (BAL), Beta Finance, Status (SNT), Cream Finance (CREAM) and Nuls (NULS).
\nThese tokens were removed after Binance conducted a \u201ccomprehensive evaluation of multiple factors,\u201d including project development activity, trading volumes and responsiveness to the exchange\u2019s due diligence requests.
\nPakistan taps CZ to broaden crypto ambitions
\nPakistan landed one of crypto\u2019s biggest influencers as it attempts to promote industry adoption and lure blockchain companies to its shores.\u00a0
\nOn April 7, the newly created Pakistan Crypto Council (PCC) appointed former Binance CEO Changpeng \u201cCZ\u201d Zhao as its crypto adviser. Pakistan\u2019s finance ministry said Zhao will advise the PCC on crypto regulations, infrastructure development and adoption.
\nCZ is appointed as an adviser by Pakistan\u2019s Ministry of Finance. Source: Business RecorderAfter being lukewarm on crypto, Pakistan is fully embracing the industry in recognition of its transformative impact. The country has become a hotbed of crypto activity thanks to rising retail adoption and remittance activity.\u00a0
\n\u201cPakistan is done sitting on the sidelines,\u201d said Bilal bin Saqib, the CEO of the PCC. \u201cWe want to attract international investment because Pakistan is a low-cost high-growth market with […] a Web3 native workforce ready to build.\u201d
\nCrypto bull market hasn\u2019t loaded yet
\nWith investors wondering whether Bitcoin (BTC) and altcoins have already peaked, an industry panel told Cointelegraph\u2019s Gareth Jenkinson that the best is yet to come.\u00a0
\nCointelegraph Managing Editor Gareth Jenkinson, left, hosts a panel on crypto market conditions in Paris, France. Source: CointelegraphSpeaking at a LONGITUDE by Cointelegraph panel in Paris, France, MN Capital founder Michael van de Poppe said he believes the bull market \u201cis actually getting started from this point.\u201d
\nDrawing parallels between the recent market crash and the COVID-19 meltdown of March 2020, van de Poppe said the US Federal Reserve will eventually step in to backstop investors.
\nFellow panelist and Messari CEO Eric Turner agreed, saying, \u201cWe never had a bull market,\u201d but rather \u201ctwo sides of the market\u201d driven by Bitcoin exchange-traded funds and the memecoin frenzy.
\nCrypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"

Source: Cointelegraph.com NewsRipple made headlines this week when it became the first crypto-native company to acquire a multi-asset prime broker, potentially setting the stage for wider adoption of its XRP… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127029"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127029"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127029\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127029"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}