Crypto firm Ripple to buy prime broker Hidden Road for $1.25 billion:

Ripple said on Tuesday it will buy multi-asset prime broker Hidden Road in a $1.25 billion deal, making it one of the largest acquisitions by the crypto company.

This is the second billion-dollar-plus deal involving a crypto company this year, as digital assets such as bitcoin gain more prominence under U.S. President Donald Trump, who has promised to be the "crypto president".