Hey all, Liam here. 

In New York this week, Ripple’s Chief Technology Officer told DL News that the company’s M&A activity isn’t yet complete. 

It’s startling. After all, the crypto company already splashed out $1.25 billion for the prime brokerage Hidden Roads in April. 

Now, David Schwartz says Ripple is still eyeing “multiple” acquisitions. 

“Our M&A people are very busy,” the CTO told DeFi correspondent Aleks Gilbert on Thursday.  “We have multiple potential acquisitions in various stages, from early stages to late stages.”

Two elements buoy Ripple’s aggressive buying strategy. 

First, it has a whopping $87 billion war chest in the native XRP token, according to a May report. Though the majority of that is held in escrow, the company isn’t short on idle cash.

Second, according to Schwartz, the field is wide open. 

“It seems like Wall Street hasn’t quite caught on yet,” he said. “They’re not competing to acquire the companies that could give them a leg up in these spaces.”

Perhaps the only question that remains is: Who’s next?

Why VCs are doubling funding to $25bn as new era dawns for crypto

With crypto at the top of many Wall Street professionals' minds, venture firms are taking a closer look at the industry to avoid the mistakes of the last bull run. Eric Johansson reports exactly how they’re positioning themselves.

Ripple eyeing ‘multiple acquisitions,’ Ethereum-like upgrades to XRP Ledger blockchain

Ripple isn’t just looking at buying up other companies, reports Aleks Gilbert. The developers behind the XRP Ledger are also preparing for some significant upgrades.

Humanity Protocol token plummets as founder admits network is 88% bots

How many bots are too many? How about for a proof-of-personhood project? The newly launched Humanity Protocol token has plummeted since its debut on Wednesday. Tim Craig reports why.

Post of the Week

The mortgage memes keep flowing after William Pulte, the newly appointed director of federal housing, ordered Fannie Mae and Freddie Mac to take a closer look at crypto-backed mortgages.

DL News is an independent news organisation that provides original, in-depth reporting on the largely misunderstood world of cryptocurrency and decentralised finance. From original stories to investigations, our journalism is accurate, honest and responsible.