News

Jinse Finance reported that on October 24, Kupool.com officially announced its launch, founded by Zhu Fa, a veteran in the mining pool industry. It is reported that this is his third mining pool venture, with the previous two being BTC.com Pool and Poolin Pool, both of which once ranked first in the world in terms of hashrate share for most mainstream cryptocurrencies such as BTC, LTC, and ZEC. According to Jinse Finance's observation, Kupool's LTC/DOGE hashrate is currently fluctuating between 180-190T. Based on the current mainstream hashrate ranking websites and on-chain data, this mining pool ranks fourth in the world.

ChainCatcher news, Ripple announced the completion of its acquisition of Hidden Road, which has now been renamed Ripple Prime. Previously, Hidden Road provided institutions with clearing, prime brokerage, and services in foreign exchange (FX), digital assets, derivatives, swaps, and fixed income financing. This acquisition will make Ripple a cryptocurrency company that owns and operates a global multi-asset prime brokerage. Since the announcement of the acquisition, Ripple Prime's business has grown threefold, and further growth is expected. Ripple Prime will enhance the utility and coverage of Ripple's stablecoin RLUSD. Currently, RLUSD has been used as collateral for a variety of prime brokerage products. Some derivatives clients have chosen to hold RLUSD.