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 price fell below $1 twice this week, but on-chain data shows a surge in withdrawals from exchanges, especially Binance, reaching the highest levels since 2019. Large XRP holders, or whales, have increased their holdings to over 12 billion tokens ...
XRP closed at $1.00 on August 12, marking its lowest daily close since November 2024 and a 69% drop from its January 2025 peak near $3.30. Despite the price decline, active addresses increased by about 35% in August, indicating more transactions by e...
Morgan Stanley disclosed new holdings in three XRP exchange traded funds (ETFs) and 50,540 shares in Evernorth Holdings’ SPAC, Armada Acquisition Corp II, in its Q2 2026 SEC filing. These XRP ETF positions are modest compared to the bank's larger cry...
After the failure of Bitcoin's BIP-110 soft fork aimed at limiting nonfinancial data, Bitcoin blocks were flooded with heavy data like NFTs, challenging censorship efforts. Ripple CTO Emeritus David Schwartz emphasized that in public blockchains, opi...
Bitcoin and XRP are under selling pressure due to regulatory delays, weak ETF demand, and rising U.S. Treasury yields. Bitcoin trades near $62,800, while XRP hovers around $1, a critical support level. The U.S. SEC has postponed key regulatory meetin...
