Evernorth Holdings, the largest corporate XRP treasury, is facing a $389 million unrealized loss after purchasing XRP near its market peak in late 2025. The treasury invested about $950 million at an average price above $2.40 per XRP, but the market price has since dropped below $1.50. Despite the significant paper loss, Evernorth has not sold any tokens and continues to write down the book value in SEC filings. The company is currently merging with Armada Acquisition Corp II and plans to list its shares on Nasdaq under the ticker XRPN, aiming to attract institutional investors.
Ripple CEO Brad Garlinghouse criticized Michael Saylor's Strategy for relying on financial engineering rather than real utility to create long-term value. Strategy's preferred stock (STRC) is trading about 26% below its $100 par value, hitting new lo...
Elon Musk's X has started rolling out X Money, a digital wallet and payment service, to select Premium+ users. The service, powered by Cross River Bank, offers peer-to-peer payments, a Visa debit card, and cash balance yields using traditional bankin...
XRP, Ripple's native token, has fallen 43% year-to-date, hitting an annual low near $1.01 amid a broader crypto market correction. Despite Ripple's ongoing efforts to integrate XRP Ledger into global finance, the token underperforms against competito...
RLUSD stablecoin supply on the XRP Ledger has grown to $1.57 billion, overtaking Ethereum's share with over $804 million, or 52% of total supply. This shift is supported by Japan's regulatory approval of RLUSD, boosting its use in a large market and ...
XRP dropped below the key $1.05 support level, reaching its lowest price since late 2024 amid a broad risk-off sentiment in the crypto market. The token is now testing the psychological $1.00 level, with technical indicators like the MACD signaling i...
