Evernorth Holdings purchased roughly 388.7 million XRP at a median value of US$2.44, accumulating roughly 95% of its goal. The corporate goals to supply institutional and retail traders with regulated, liquid XRP publicity. In the meantime, the REX-Osprey XRP ETF (XRPR) launched efficiently with over US$100 million in web inflowsContinue Reading
India’s Madras Excessive Court docket ordered WazirX operator Zanmai Labs to supply an US$11,800 (AU$17,995) financial institution assure in an XRP dispute following a 2024 hack. The court docket recognised cryptocurrency as property and acknowledged person claims beneath belief, reinforcing its authorized standing in India. WazirX’s relaunch, beneath a Singapore-approvedContinue Reading
Ripple accomplished its US$1.25 billion acquisition of prime dealer Hidden Street, which will probably be rebranded as Ripple Prime and provide multi-asset clearing, financing and brokerage providers. Ripple executives view the deal as transformative for XRPL and XRP, with Ripple Prime set to make use of the ledger for settlementsContinue Reading
Evernorth Holdings is merging with Nasdaq-listed SPAC Armada Acquisition Corp II to create a publicly traded XRP treasury platform anticipated to record beneath ticker XRPN in early 2026. The transaction will elevate over US$1 billion, with US$200 million from SBI Holdings and backing from Ripple, Pantera Capital, Kraken and GSR,Continue Reading
An American retiree misplaced his US$3 million in XRP financial savings after his funds have been swept on October 12, representing almost all of his and his spouse’s retirement cash. The sufferer used Ellipal’s cell app; the corporate prompt person error because the {hardware} pockets is “air-gapped” however couldn’t determineContinue Reading
Midas and Interop Labs have launched mXRP, a new tokenised product that converts idle XRP holdings into yield-generating assets, with a projected return of 6% to 8%. The new product is the first liquid-staking instrument for the XRP ecosystem. It operates on XRPL’s EVM sidechain and is designed to beContinue Reading
Singapore’s DBS Group has partnered with Franklin Templeton and Ripple to launch trading and lending services using tokenised money market funds and RLUSD stablecoin. The collaboration enables accredited investors to swap between sgBENJI tokens and RLUSD on the XRP Ledger, creating new yield and credit opportunities. XRP has surged 600%Continue Reading
The CME Group will launch options contracts on Solana and XRP futures on October 13, expanding its crypto derivatives products beyond Bitcoin and Ethereum. This launch is in response to the significant growth and liquidity in its existing Solana and XRP futures markets, with Solana futures trading over US$22.3 billionContinue Reading
The mining arm of VivoPower International, Caret Digital, will convert part of its mined crypto into XRP, citing the ability to secure exposure to the asset at a 65% discount to market prices. The company’s XRP strategy, which began in May, involves a combination of crypto mining, private placements, andContinue Reading
The REX-Osprey XRP ETF (XRPR) is set to begin trading this week, providing the first regulated XRP access in the US. The fund will hold XRP directly and allocate 40% of its assets to XRP-related ETFs, using derivatives only optionally for additional exposure. Regulatory support for crypto ETFs is developingContinue Reading
