Ripple (XRP) reveals interest to buy some of the companies associated with the defunct crypto exchange FTX. However, Ripple CEO Brad Garlinghouse says the process will take longer after Sam Bankman-Fried filed a Chapter 11 bankruptcy last week.
The market's attention is on the utility-based NFT project The Hideaways (HDWY) as the market seeks stability in the overly-volatile trading environment.
Its ongoing legal battle with the US SEC is enough to drive Ripple (XRP)'s price to a 64% decline in the last 52 weeks.
Despite this, Ripple CEO Brad Garlinghouse plans to enter another shaky path after voicing interest to acquire some companies under the FTX umbrella.
There are 130 companies under FTX, including the crypto exchange's US-based crypto trading venture under FTX US. Garlinghouse pointed out there are "some" businesses under Sam Bankman-Fried's collapsed enterprise that Ripple is interested in owning.
Garlinghouse is the second crypto personality to publicly announce interest in FTX – Tron's Justin Sun is the first.
Ripple (XRP) jumped 6.10% to $0.37 on the day of the announcement. Analysts clarified the recent recovery is from the strength in the broader crypto market, with Bitcoin (BTC), Ethereum (ETH), and The Hideaways welcoming spikes in buy orders in the same session.
Meanwhile, the Bank of America is reportedly waiting for the settlement of Ripple (XRP)'s US SEC lawsuit to foster a high-profile partnership.
According to reports, the BoA has an eye on Ripple's on-demand liquidity products which will be strategic support for its growing influence in the financial industry.
However, the financial giant will remain on a wait-and-see attitude as settlement remains out of reach, sources familiar with the matter say. The Bank of America refused to comment on the reports.
Ripple (XRP)'s 19-month legal battle with the US SEC has dragged its partnerships and performance since 2020.
The Hideaways (HDWY) is a real estate NFT project that looks to replace the narrative in the expensive and inconvenient traditional property acquisition.
This crypto-driven initiative offers fractionalized digital collectibles backed by high-yielding rental properties that give owners a chance to earn an income passively.
There is a growing interest in utility-based NFTs lately as investors like to make the most out of their money. Seeing a project make sense in the real world brings stability to the project, and this is the reason why everybody wants to have their hands on The Hideaways (HDWY).
Lucky enough, you can score HDWY for a presale price of $0.10 which makes it ideal for professional and beginner investors alike, wanting to test the waters out of this new initiative.
Analysts recently gave The Hideaways (HDWY) a STRONG BUY rating after demand spiked in the wake of the FTX crash.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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