🚀 Evernorth Raises $1 Billion to Expand XRP Treasury Reserve
Ripple-affiliated company Evernorth Holdings has announced plans to merge with SPAC Armada Acquisition Corp. II in a $1 billion deal aimed at building one of the world's largest XRP treasury reserves. The deal is backed by SBI Holdings, Ripple, Pantera Capital, Kraken, and GSR. Under the plan, Evernorth will list on Nasdaq under the ticker XRPN, using the raised capital to purchase XRP on the open market. CEO Asheesh Birla stated that the goal is to "drive XRP adoption
Ripple-affiliated company Evernorth Holdings has announced plans to merge with SPAC Armada Acquisition Corp. II in a $1 billion deal aimed at building one of the world's largest XRP treasury reserves. The deal is backed by SBI Holdings, Ripple, Pantera Capital, Kraken, and GSR.
Under the plan, Evernorth will list on Nasdaq under the ticker XRPN, using the raised capital to purchase XRP on the open market. CEO Asheesh Birla stated that the goal is to "drive XRP adoption and give investors strategic exposure to digital assets through a publicly traded vehicle."
💬 Jack Dorsey: "Bitcoin Is Not Crypto"
Twitter founder and Block CEO Jack Dorsey sent the crypto community into a frenzy with a post on X (Twitter): "Bitcoin is not crypto."
The statement quickly drew thousands of comments. Dorsey emphasized that Bitcoin is genuine peer-to-peer money, distinct from the rest of the crypto industry. He pointed back to the 2008 Bitcoin whitepaper, in which Satoshi Nakamoto described BTC as a "cryptographic proof-based electronic cash system rather than one built on trust" — notably without ever using the word "crypto."
🏙️ Andrew Cuomo Bets on Crypto and AI in New York City Mayoral Race
Former New York Governor Andrew Cuomo is preparing a political comeback with ambitions to become Mayor of New York City, placing a major bet on crypto and artificial intelligence (AI).
According to journalist Eleanor Terrett, Cuomo wants to transform NYC into the "global hub of the future" by combining blockchain, AI, and biotech. His plan includes establishing an Innovation Council and an Chief Innovation Officer role to attract investment, create jobs, and remove regulatory barriers for emerging tech sectors.
With three major developments breaking on the same day, the crypto market continues to witness the convergence of politics, technology, and finance — underscoring blockchain's growing role in the global economic landscape.