DeFi
Evernorth announces SPAC deal for $1 billion XRP treasury
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Evernorth Holdings, a newly formed Nevada company, has signed a business combination agreement with Armada Acquisition Corp II to go public on Nasdaq under the ticker XRPN. The deal aims to raise over $1 billion, primarily to purchase XRP on the open market and build the largest public XRP treasury. Backed by investors including Ripple and Kraken, Evernorth plans an active strategy involving lending, liquidity provision, and DeFi yields to grow XRP holdings.
Eric Trump confirms real estate tokenization plans with WLFI
Eric Trump, co-founder of World Liberty Financial, has revealed plans to tokenize a real estate project linked to a building under development. The initiative aims to enable fractional ownership for the public using blockchain technology and WLFI's stablecoin USD1. Details were shared in an upcoming CoinDesk TV interview.
Russia surpasses UK as Europe's top crypto adopter
Russia has overtaken the United Kingdom to become Europe's leading country in cryptocurrency adoption, driven by efforts to evade Western sanctions and hedge against inflation following the invasion of Ukraine. According to Chainalysis data, the country received $379 billion in crypto inflows from July 2024 to June 2025, a 48% year-over-year increase. DeFi activity in Russia has grown three-and-a-half times since mid-2023.
Blazpay's phase 2 presale surpasses $735,000 in funds raised
Blazpay's AI-driven crypto presale has gained significant traction, raising over $735,000 and selling more than 105 million tokens in its second phase. Priced at $0.0075 per token, the project integrates artificial intelligence with decentralized finance features across multiple blockchains. As established coins like Solana trade near $182 amid market caution, investors are turning to Blazpay for potential high returns.
Fed governor pitches limited master accounts at payments conference
Federal Reserve Governor Christopher Waller opened the central bank's first Payments Innovation Conference on October 21, 2025, pledging to embrace crypto and DeFi disruptions. He proposed exploring a 'skinny' version of master accounts to give payments innovators direct access to Fed payment rails. The event in Washington, D.C., aimed to foster dialogue between traditional financial players and new entrants.
Senate Democrats' DeFi proposal angers crypto industry
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Senate Democrats have proposed regulations classifying most DeFi protocols as intermediaries subject to anti-money laundering rules, drawing sharp criticism from the crypto sector. The leaked plan, aimed at combating illicit finance, is seen by industry leaders as a potential ban on decentralized finance. This controversy threatens ongoing negotiations for broader crypto market structure legislation.
Aave token falls 8% amid broader crypto market weakness
The governance token of the decentralized lending protocol Aave dropped 8% to $208 on Thursday, underperforming the wider crypto market. This decline occurred despite strong growth in Aave's institutional real-world asset lending arm. Technical indicators point to a bearish trend as key support levels failed.
Remittix gains traction with exchange listings and presale success
Remittix, a DeFi project focused on payments, has raised over $27.5 million in its presale and secured listings on major exchanges like BitMart and LBank. This comes as analysts predict Cardano's price could drop below $0.25 by 2026 without major adoption. The project, verified by CertiK, positions itself as a utility-driven alternative in the crypto space.