XRP
Evernorth announces SPAC deal for $1 billion XRP treasury
Chris Blake Larawang ginawa ng AI
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.
Bitwise analyst forecasts rapid $1 billion growth for XRP ETF
Matt Hougan, chief investment officer at Bitwise, predicts that an XRP exchange-traded fund will easily reach $1 billion in assets within its first few months. He attributes this to the passionate 'XRP Army' community, despite bearish views from crypto insiders. Currently, about 20 XRP ETF filings are pending with the US Securities and Exchange Commission.
XRP investor claims $3 million stolen from cold wallet
A 54-year-old retiree from North Carolina reported the theft of over 1.2 million XRP tokens, worth more than $3 million, from what he believed was a secure cold wallet. The incident, discovered on October 15, 2025, involved an Ellipal hardware wallet and was traced by on-chain analyst ZackXBT. Ellipal attributed the breach to user error in importing a seed phrase into a mobile app.
Indian court treats XRP as property in WazirX dispute
A Madras High Court judge has ruled that cryptocurrency qualifies as property under Indian law, barring WazirX from reallocating a customer's XRP holdings. The decision came in a case involving customer Rhutikumari after a hack affected the exchange. This precedent may influence how crypto exchanges handle user assets during insolvency.
Ripple acquires GTreasury for $1 billion in corporate treasury push
Ripple Labs announced on October 16, 2025, the acquisition of cloud-based treasury management platform GTreasury for $1 billion. The deal aims to integrate Ripple's cryptocurrency solutions, including XRP, into mainstream corporate finance workflows.
Expert warns XRP supply may shrink from institutional holding
A market expert has cautioned that XRP's circulating supply could diminish as institutions and businesses increasingly hold the token for strategic purposes. This trend is driven by large investment funds and Ripple's recent acquisitions aimed at integrating XRP into corporate finance. On-chain data indicates a gradual shift toward long-term storage, potentially impacting market liquidity.
Crypto market rebounds as MAGACOIN FINANCE presale surpasses $15.5 million
Iniulat ng AI
The cryptocurrency market has seen a strong rebound this week, with Bitcoin recovering to $123,000 and altcoins like XRP gaining momentum. Retail investors are increasingly flocking to the MAGACOIN FINANCE presale, which has raised over $15.5 million. This surge highlights shifting investor sentiment toward high-growth opportunities in the final quarter of 2025.