The post Ripple Labs in Talks to Lease London Skyscraper with Brookfield appeared on BitcoinEthereumNews.com. Key Notes Ripple is reportedly in talks to lease 90,000 square feet of office space at Brookfield’s One Leadenhall Tower in London. The deal could be among the priciest in London, at around £140 per square foot. Ripple is currently situated in Angel Court, in the same district. American fintech Ripple Labs Inc. is reportedly in advanced talks to lease the upper floors of Brookfield Corp’s newest skyscraper in London’s financial district, continuing expansion strategy. According to sources familiar with the negotiations, Ripple XRP $2.48 24h volatility: 0.4% Market cap: $148.13 B Vol. 24h: $4.52 B is seeking to rent about 90,000 square feet of premium office space at One Leadenhall, a 35-story development in the City of London. One of the Most Expansive Deals in London Bloomberg said that Brookfield is reportedly asking around £140 ($187.33) per square foot, placing the lease among the most expensive in the UK capital and on par with prime Mayfair properties. If finalized, the deal would showcase how sharply London office rents have climbed since 2021, when law firm Latham & Watkins agreed to occupy the building’s lower floors at roughly £82.50 per square foot. Ripple currently operates out of Angel Court, another tower in the same district. The company employs more than 900 people across 15 offices globally and has been steadily scaling its physical and digital footprint. A Year of Aggressive Expansion Ripple’s move to secure a new headquarters follows a $1 billion acquisition of GTreasury, a fintech firm specializing in treasury and risk management software. The acquisition, announced on October 16, gives Ripple access to the multi-trillion-dollar corporate treasury market, enabling its clients to optimize liquidity, unlock idle capital, and participate in the global repo market via prime broker Hidden Road, which it had also acquired earlier this year. Just… The post Ripple Labs in Talks to Lease London Skyscraper with Brookfield appeared on BitcoinEthereumNews.com. Key Notes Ripple is reportedly in talks to lease 90,000 square feet of office space at Brookfield’s One Leadenhall Tower in London. The deal could be among the priciest in London, at around £140 per square foot. Ripple is currently situated in Angel Court, in the same district. American fintech Ripple Labs Inc. is reportedly in advanced talks to lease the upper floors of Brookfield Corp’s newest skyscraper in London’s financial district, continuing expansion strategy. According to sources familiar with the negotiations, Ripple XRP $2.48 24h volatility: 0.4% Market cap: $148.13 B Vol. 24h: $4.52 B is seeking to rent about 90,000 square feet of premium office space at One Leadenhall, a 35-story development in the City of London. One of the Most Expansive Deals in London Bloomberg said that Brookfield is reportedly asking around £140 ($187.33) per square foot, placing the lease among the most expensive in the UK capital and on par with prime Mayfair properties. If finalized, the deal would showcase how sharply London office rents have climbed since 2021, when law firm Latham & Watkins agreed to occupy the building’s lower floors at roughly £82.50 per square foot. Ripple currently operates out of Angel Court, another tower in the same district. The company employs more than 900 people across 15 offices globally and has been steadily scaling its physical and digital footprint. A Year of Aggressive Expansion Ripple’s move to secure a new headquarters follows a $1 billion acquisition of GTreasury, a fintech firm specializing in treasury and risk management software. The acquisition, announced on October 16, gives Ripple access to the multi-trillion-dollar corporate treasury market, enabling its clients to optimize liquidity, unlock idle capital, and participate in the global repo market via prime broker Hidden Road, which it had also acquired earlier this year. Just…

        Highlights:  The BNB price is down 2% to $1111.46, despite the trading volume spiking 26%. The BNB on-chain demand has slipped, with the open interest plummeting 3% showing a drop in demand.  The technical outlook shows a tight tug-of-war, with the bulls attempting to overcome resistance zones.   The BNB price is down 2% today, to trade at $1111.46. Despite the plunge, the daily trading volume has soared 26% showing increased market activity among traders. However, BNB Chain has seen declining network activity, with the open interest plummeting, signaling a drop in demand.  On Chain Demand on BNB Cools Off The BNB Chain is in a state of cooldown of network activity, which indicates low on-chain demand. In most instances, when a network fails to ensure large volumes or revenues, it means that there is low demand or outflows to other networks.  BNB DeFi Data: DeFiLlama According to DeFiLlama data, the volume of the Decentralized Exchanges (DEXs) is down to at least $2.12 billion in comparison to the high of $6.313 billion on October 8, which also means low on-chain liquidity.  On the other hand, Coinglass data shows that the volume of BNB has grown by 3.97% to reach $4.95 billion. However, the open interest in BNB futures has dropped by 3.36% to reach $1.74 billion. This reduction in open interest is an indication of a conservative stance by investors since the number of new positions being opened is low. This could be an indication that investors are not so sure about the short-term price outlook. BNB Derivatives Data: CoinGlass Meanwhile, the long-to-short ratio is sitting at 0.9091. This shows that the traders are undecided on BNB price’s next move, as it sits below 1.  BNB Price Moves Into Consolidation The chart displays the BNB/USD price action on a 4-hour timeframe, with the token currently hovering around $1111.46. The 50-day Simple Moving Average (SMA) is at $1113, while the 200-day SMA sits at $1129, cushioning the bulls against upside movement. The price has mostly been trending below both SMAs, indicating that the bears are having the upper hand.  The BNB trading volume is up, soaring 26%, signaling the momentum is real. On the 4-hour chart, BNB is trading within a consolidation channel. In such a case, this pattern may act as an accumulation period, giving the bulls hind wings to break above resistance zones.  BNB/USD 4-hour chart: TradingView Zooming in, the Relative Strength Index (RSI) sits at 44.15, below the 50 level. This shows weakening momentum in the BNB market, and might lead to the RSI plunging to the oversold region if the bulls don’t regain control. In the short term, the BNB price could move up to $1113 resistance and flip it into support. A close above this zone will see the bulls target $1126 resistance, giving the bulls strength to reclaim the $1230 mark.  Conversely, if the resistance zones prove too strong, a dip towards $1012 could be plausible. In such a case, this could be a prime buy zone for the risk-takers. In the long term, if the token keeps the hype alive, the bulls may reclaim the $1375 high or higher.    eToro Platform    Best Crypto Exchange   Over 90 top cryptos to trade Regulated by top-tier entities User-friendly trading app 30+ million users    9.9   Visit eToro eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong.