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.
Cardano's once-criticized design choices, including formal verification, selective privacy, broad token distribution, and proof-of-stake, are increasingly being adopted by major blockchain networks. Analyst Linda highlights that these features, initi...
Ripple CEO Brad Garlinghouse views the CLARITY Act as the last major regulatory obstacle for XRP to gain wider institutional adoption. The Act aims to provide clearer consumer protection, anti-money laundering, and know-your-customer rules, reducing ...
SBI Holdings has restructured its subsidiary into SBI Digital Practice to focus on building financial infrastructure on the Canton Network, which connects over 600 institutions and supports $6 trillion in assets. This move broadens SBI's blockchain s...
XRP ETFs recorded a net inflow of $592,470 on July 27, bringing total inflows to about $1.50 billion, but recent demand has slowed significantly. The price of XRP has declined to around $1.06, approaching the critical $1.00–$1.02 support zone, with t...
Clear Creek Financial Management disclosed $15.1 million in crypto exchange-traded funds (ETFs) across Bitcoin, Ethereum, XRP, and Solana in its latest US regulatory filing. Bitcoin ETFs led with about $10.4 million, primarily in Bitwise’s BITB fund,...
