Ripple has confirmed its blockbuster $1.25 billion acquisition of Hidden Road, a shadowy credit network serving hedge funds and institutional traders. This move signals Ripple’s aggressive push to merge blockchain payments with traditional finance. Analysts see this as a direct response to fading SEC pressures, as Ripple seeks to dominate the "on-chain Wall Street" space. The deal could accelerate RippleNet adoption while placing Ripple among the elite players bridging crypto and legacy finance.
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Analysts have downgraded earnings forecasts for major US banks, including Goldman Sachs and Morgan Stanley, due to economic uncertainties stemming from President Trump's trade policies. Corporate clients' hesitancy amid fluctuating trade tensions has impacted investment banking revenues, leading to stock price declines.
