Evernorth Holdings has adjusted its $1 billion Nasdaq listing deal with Armada Acquisition Corp. II due to a significant drop in XRP's price from $2.36 to around $1. The revised deal removes a fixed company valuation, instead using XRP's volume-weighted average price at closing to determine shares issued, aligning share value more closely with XRP holdings. This change aims to protect investors and maintain confidence while Evernorth continues its plan to build the largest publicly traded XRP reserve. The merger is expected to close by late Q3 or early Q4 2026, pending SEC approval.
U.S. spot ether ETFs experienced net outflows for the third consecutive day, losing about $39 million on Thursday despite Ether's 2% price rise to $2,470. Meanwhile, Bitcoin ETFs attracted roughly $159 million, pushing Bitcoin above $77,000. Zcash ou...
XRP Ledger developers launched version 3.4.0, introducing two amendment packages: LendingProtocolV1_1 for closed-ended vaults and cash-basis accounting, and fixCleanup3_4_0, which includes multiple transaction and security fixes. While these amendmen...
Ripple has enhanced its XRPL developer kit to support AI-driven payments via Stripe and Tempo’s Machine Payments Protocol, enabling AI agents to autonomously pay for data and services. This move positions XRPL to capitalize on the growing AI economy ...
Ripple has integrated its digital assets XRP and RLUSD into AI agent payment systems through a new protocol developed with Stripe and Tempo. This move aims to enhance the XRP Ledger's capabilities and increase the adoption and utility of XRP and its ...
Investor Royal Kane expressed reluctance to invest in XRP due to its large $81 billion market capitalization and lack of products or revenue. He favors smaller-cap cryptocurrencies that offer stronger growth potential and compelling narratives. Despi...
