Ripple Prime head Marc Asch to step down, Noel Kimmel named successor

Binance has issued a warning about a vulnerability in Apple iOS that could potentially leak iPhone users' private keys.

A Reuters poll shows that about 55% of economists surveyed expect a December rate hike to mark the end of the current tightening cycle. Another 45 economists expect the Federal Reserve to raise rates at least two more times, including more than half of the primary dealers surveyed. A strong job market, resilient economic growth, and inflation that continues to rise above the Federal Reserve’s 2% target have made tightening monetary policy a key consideration. Tom Porcelli, chief economist at Wells Fargo, said the Federal Reserve's decision depends on upcoming inflation data, which will prompt it to raise interest rates again. He believes the Fed has ample reason to raise rates at its October meeting. (Source: Reuters)

Asch is stepping down as head of the institutional prime brokerage.

Matter Labs, the developer of ZKsync, has launched Prividium Connect, a cross-chain private transaction product for institutions, which is now available on the mainnet. Based on ZKsync's open-source atomic interoperability protocol, it allows banks and asset management institutions to exchange assets without trusted intermediaries. Transactions are verified using zero-knowledge proofs, ensuring that two transfers either complete simultaneously or both fail, with assets retrievable after a timeout. Prividium Connect initially supports Hyperledger Besu and Prividium Ledger, applicable to securities delivery versus payment, repurchase agreements, and fund subscriptions and redemptions. Institutions can keep balances, holdings, and customer data within their own systems and decide for themselves which information to disclose to auditors and regulatory agencies. Matter Labs proposes deploying an official version on a public blockchain, converting cross-chain transaction fees into ZK tokens and distributing them according to governance decisions. The relevant fee switch has been developed and is currently under audit; its activation, integration, and fee parameters require governance approval.

BlackRock deposited 72,212 ETH, worth approximately $151.4 million, into Coinbase Prime one hour ago. Since October 1, BlackRock has seen a net outflow of 791,758 ETH, worth approximately $1.74 billion.