EvernorthXRP, linked to Ripple, aims to offer investors equity-style exposure to XRP through a new ticker, XRPN. Unlike simply holding XRP, Evernorth plans to actively manage holdings by deploying them into yield-generating strategies, targeting institutional investors who prefer regulated, equity-based access to digital assets. This approach seeks to bridge traditional finance and crypto by fitting within familiar financial channels while leveraging blockchain opportunities like DeFi on the XRP network. Despite XRP's recent price decline, the strategy could enhance long-term utility and appeal amid growing institutional interest in crypto.
XRP is trading near $1.14 as markets react to unconfirmed reports that Ripple has secured full approval under the EU's MiCA regulatory framework, potentially expanding its crypto services across Europe. This development, if confirmed by official sour...
Ripple CEO Brad Garlinghouse criticized Strategy's preferred shares sliding below par as a failure of financial engineering, sparking debate about both companies' reliance on selling their own assets to fund operations. Strategy funds Bitcoin purchas...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cardano (ADA) fell 4% to around $0.18 on July 6, becoming the weakest among top 10 cryptos due to long liquidations and falling open interest. Founder Charles Hoskinson remains optimistic, highlighting the upcoming Leios upgrade that could increase t...
XRP has gained 8.3% in the past week, trading near $1.14 after rebounding from a low of $1.01. Traders on Kalshi predict a 33% chance XRP will reach $1.30 by the end of July, supported by renewed buying interest and positive historical July performan...
