Today in crypto, Ripple announced the acquisition of the crypto-friendly prime broker Hidden Road for $1.25 billion, marking one of the largest mergers in the cryptocurrency sector. This deal positions Ripple as the first crypto firm to operate a global, multi-asset prime broker. Ripple aims to enhance its XRP Ledger utilization and improve the settlement efficiency of trades by leveraging Hidden Road's expertise. Meanwhile, a lawsuit was filed by crypto lawyer James Murphy against the US Department of Homeland Security to uncover details of a purported meeting involving Satoshi Nakamoto, suggesting the DHS may possess information about Bitcoin's creator. Additionally, former Binance CEO Changpeng “CZ” Zhao was appointed as an adviser to Pakistan’s newly formed Crypto Council, which seeks to build a regulatory framework for digital assets in the country. These developments underscore the growing momentum and institutional interest in the crypto space as businesses and governments adapt to the evolving landscape.

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