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Ripple is earning fees financing leveraged stock bets, a business long run by banks

The crypto company's $1.25 billion acquisition of Hidden Road has opened a corner of Wall Street where funds pay to amplify daily moves in stocks such as Nvidia and Sandisk.

Ripple is earning fees financing leveraged stock bets, a business long run by banks

We haven't written up this one. CoinDesk has the full story — the link below goes straight to it.

Read the original at coindesk.com →

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Shares of DBS, OCBC and UOB extend losses

All three lenders down more than 4% by midday.

  • DBS, OCBC, and UOB shares continue decline on October 8
  • OCBC drops 4.29% to $29, DBS falls 4.48% to $74.02
  • Analyst cites profit-taking, earnings concerns, global bond volatility

More from Thursday 8 October →