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.
XRP has overtaken Bitcoin and Ethereum in trading volume on South Korean exchanges Upbit and Bithumb, with $110.9 million and $41 million respectively over the past 24 hours. This surge comes amid a sharp pullback in South Korea's Kospi index followi...
XRP has become the most traded asset on Upbit, South Korea's largest crypto exchange, surpassing Bitcoin, Ethereum, and USDT due to strong retail demand. This trend reflects South Korea's unique crypto market, where XRP's lower price, fast settlement...
Following Donald Trump’s 2024 presidential win, Bitcoin initially rose but has since shown mixed performance, rising 18.73% from election day to May 2026 but falling 21.08% since his inauguration. Other major cryptocurrencies like Ethereum and Solana...
XRP investment products, especially ETFs, have recorded their strongest inflows since January, with $25.8 million entering in a single day and over $1 billion cumulatively. This surge is driven by a return of institutional capital despite a cautious ...
Tokenized U.S. Treasuries reached a record $15.35 billion in value locked as traders seek safer yields amid growing expectations of a Federal Reserve interest rate hike. Bitcoin remains above $80,000 but struggles to break higher due to inflation wor...
