Are you interested in the latest trends in the stock market and cryptocurrency trading? Well, you’ve come to the right place! At Extreme Investor Network, we pride ourselves on delivering unique and valuable information that sets us apart from other sites. Let’s dive into some recent news that has been making waves in the financial world.
Imagine a world where political campaigns accept cryptocurrency donations. Well, that world is here as a campaign has started accepting cryptocurrency donations via Coinbase Commerce. It’s a sign of the times and a reflection of the growing acceptance of digital currencies in mainstream society.
In other news, Japanese investment firm Metaplanet has made a bold move by purchasing an additional ¥250 million worth of Bitcoin, bringing their total BTC holdings to 141, valued at around $9.4 million. This strategic decision was made to reduce exposure to Japan’s high national debt and the resulting volatility in the yen. With Japan’s net debt to GDP ratio being the highest among G7 nations, it’s no wonder that companies are looking for alternative assets to protect their wealth.
Speaking of alternative assets, Ripple Labs recently closed its acquisition of Standard Custody & Trust Company, a digital asset custodian based in New York. This acquisition is key to Ripple’s plans for rolling out a USD-backed stablecoin and tokenizing real-world assets. With regulatory approval from the New York Department of Financial Services, Standard Custody is a strong addition to Ripple’s portfolio.
The acquisition of Standard Custody follows Ripple’s previous purchase of Metaco, another digital asset custody firm. The belief in the institutional cryptocurrency market reaching $10 trillion by 2030 is driving companies like Ripple to expand their services and offerings.
At Extreme Investor Network, we keep our finger on the pulse of the stock market, trading, and Wall Street news to provide you with the most up-to-date and valuable information. Stay tuned for more insights and analysis from our team of experts.