💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
Ripple acquires brokerage firm Hidden Road for $1.3 billion
Ripple Labs, known for its cryptocurrency XRP, has announced plans to acquire prime brokerage firm Hidden Road for $1.25 billion.
This deal will become one of the largest in the digital asset industry and will allow Ripple to expand its influence in the field of institutional decentralized finance (DeFi).
According to the terms of the agreement, Hidden Road will migrate its post-trade operations to the XRP Ledger, which is expected to streamline processes and increase the use of XRP among institutional clients.
The deal is expected to be completed after obtaining the necessary regulatory approvals.