Evernorth Holdings, backed by Ripple and others, has revised its Nasdaq listing terms due to XRP's price falling to around $1, below the originally assumed $2.36. Instead of a fixed valuation, the deal now ties the number of shares to XRP's average price at closing, resulting in fewer shares issued but each backed by more XRP tokens. This adjustment protects investors from overpaying and keeps share prices aligned with the net asset value of the XRP reserve, which currently holds about 473 million XRP tokens valued at roughly $473 million. The deal is expected to close in late Q3 or early Q4 2026 after SEC review, maintaining Evernorth's strategy to build the largest public XRP reserve and attract institutional capital.
XRP's market capitalization is closing in on Binance Coin (BNB), with about a $10 billion gap as XRP stands near $85 billion and BNB around $95 billion. XRP's network shows increased payment volume and new accounts, but some transaction metrics have ...
On September 8, XRP spot ETFs attracted approximately $1.55 million in net inflows, making it the only cryptocurrency ETF to record daily gains. In contrast, ETFs for Bitcoin, Ethereum, Solana, and Hyperliquid experienced net withdrawals on the same ...
The XRP Ledger (XRPL) is set to release Lending Protocol v1.1 with version 3.4.0 next week, improving its native lending infrastructure even before the original lending amendments have reached the required validator activation threshold. This upgrade...
The U.S. Senate is set for a procedural vote on the revised 630-page CLARITY Act on September 15, which includes new rules for DeFi protocols and digital-asset activities by credit unions. The bill aims to establish a federal framework for crypto mar...
The XRP Ledger recorded a 26% increase in payment volume, moving nearly 463 million XRP worth over $620 million at current prices. However, this surge contrasts with a 22.4% drop in active users and only slight growth in new accounts, suggesting the ...
