[Crypto World] At the start of 2025, Ripple has directly launched a buying spree—spending nearly 4 billion USD to acquire Hidden Road (1.25 billion), Rail (200 million), G Treasury (1 billion), and Palisade, which are involved in brokerage, payments, and custody. This move clearly aims to position itself as a "one-stop service provider" for institutional clients, offering a full suite from trading to asset management. Meanwhile, asset management firms focusing on XRP are also busy. Evernorth, Trident, and 11 other institutions are aggressively accumulating coins, with some even exploring yield farming on the Flare network. Evernorth is even planning to go public on Nasdaq (ticker: XRPN) with a 1 billion USD fundraising goal to continue their acquisitions. The market's biggest concern remains the XRP spot ETF approval expected at the end of the year—J.P. Morgan estimates that once approved, it could attract 3 to 8 billion USD.