Not only is there a lot of volatility in the crypto world, but big players like Ripple and Binance are also making moves that could change the game. Ripple may be getting ready for the next big bull run as it has made its riskiest purchase yet, and Binance continues to clean the house. Some sources say the real crypto rally hasn’t even started, even though the global economy is in chaos and prices are falling.
Hidden Road Acquisition Huge for Ripple
This week, Ripple shocked the industry by announcing that it would buy Hidden Road for $1.25 billion. Hidden Road is a multi-asset prime broker with more than 300 large clients. Many people think this is Ripple’s “defining moment,” especially since the company is still trying to get people to use its XRP Ledger (XRPL).
David Schwartz, the CFO of Ripple, says that Hidden Road handles more than 50 million daily transfers. The possibility of sending some of that information through XRPL could make it much more valuable and well-known.
Continued Binance delisting
Binance removed 14 tokens that weren’t doing well to keep things fair and honest. These included Badger DAO (BADGER), Balancer (BAL), Cream Finance (CREAM) and Status (SNT). This comes after Binance’s first ever “vote to delist,” which let users suggest tokens that weren’t getting enough activity, growth, or development. Binance carefully considered several variables, including initiatives that failed due diligence.
CZ returns to Pakistan
Surprisingly, Changpeng “CZ” Zhao, who used to be CEO of Binance, has come back as a key player in Pakistan’s crypto goals. The newly formed Pakistan Crypto Council (PCC) has hired CZ as an assistant. CZ will help make policy decisions and plan for infrastructure.
Pakistan wants to stop being so cautious and become a Web3 powerhouse. They say they have a low-cost, high-growth setting and a workforce that was born using blockchain.
Conclusion
The risky purchase by Ripple, Binance’s strict quality control, and Pakistan’s growing legal momentum are all signs of an industry ready to take the next big step. If they’re right, the bull market hasn’t just stopped; it hasn’t even begun. Hold on tight because Crypto’s next story could be the most important one yet.
