Search results for LMAX
Crypto
Bitcoin jump of more than 22 percent pushes market into \'extreme greed\' after 616 days
A sharp rise in bitcoin has pushed sentiment in the cryptocurrency market into the \'extreme greed\' zone for the first time in 616 days. The crypto fear and greed index rose to 81, while bitcoin gained more than 22 percent over seven days. Some gauges still label sentiment as greed rather than extreme greed. The rally followed a U.S. Treasury plan to expand long-term bond buybacks and was amplified by short liquidations. Rapid gains, higher funding costs and whale profit-taking are cited as overheating signals.
Crypto
LMAX Group CEO says crypto needs more centralisation to grow
LMAX Group CEO David Mercer said the cryptocurrency industry needs more centralisation to move to its next stage of growth. He said centralisation solves coordination problems and enables optimal pricing when buyers and sellers join a single central market. Mercer said decentralisation experiments have historically converged on central coordination points as volatility rises. He added that crypto lacks key traditional finance infrastructure such as credit relationships, clearing brokers and prime brokerage.
Finance
Ripple secures $200 million debt facility to expand Ripple Prime
Ripple has secured a $200 million debt facility from investment manager Neuberger Berman, with the funds to be used to grow Ripple Prime, a multi-asset prime brokerage platform aimed at U.S. institutional clients. The facility will be provided by Neuberger Berman Specialty Finance. Ripple plans to expand Ripple Prime’s credit capacity and improve service responsiveness and capital efficiency for institutional customers.
