XRP
Evernorth announces SPAC deal for $1 billion XRP treasury
Chris Blake Image generated by 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.
Crypto market rebounds as MAGACOIN FINANCE presale surpasses $15.5 million
Reported by 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.
XRP cryptocurrency faces potential price correction
Despite a 355% gain over the past year, XRP is trading at $2.50 and may be overvalued, according to analysts. The recent surge followed U.S. election results and the dismissal of a long-running SEC lawsuit, but regulatory uncertainties persist. Expectations for broader adoption in global payments remain tempered by market realities.
XRP price slides back into bearish territory after recovery attempt
The XRP cryptocurrency has reversed course, entering bearish territory following an earlier recovery signal. This movement has erased most recent gains, with the price potentially heading toward $1 in the next 24 hours due to a rapid retrace.
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.
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.
Analyst warns XRP community to protect crypto assets
Financial strategist Versan Aljarrah has issued a warning to XRP holders, urging them to safeguard their cryptocurrency amid ongoing market volatility. The alert comes after a significant sell-off in the crypto sector earlier this month. This follows over $19 million in liquidations during the downturn.