Evernorth has revised its private placement terms to tie the number of shares issued at closing to the market value of XRP, replacing the previous fixed reference price of $2.36. This change, agreed upon by over 95% of investors including major backers like Ripple and Pantera Capital, aims to better reflect the value of Evernorth's XRP holdings in its capital structure. The revised terms could reduce the total shares issued if XRP's price is favorable, increasing the XRP exposure per share. The merger with Armada Acquisition Corp. II is expected to close in late Q3 or early Q4 2026, pending SEC approval and standard conditions, with Evernorth maintaining its XRP treasury strategy unchanged.
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 ...
