Author: Ethan Carter

Evernorth Holdings, a digital asset firm connected to Ripple Labs, has announced intentions to go public via a merger with Armada Acquisition Corp. II, a special purpose acquisition company (SPAC) listed on Nasdaq. This move is geared towards meeting the increasing institutional interest in publicly traded digital asset treasury companies.The deal is anticipated to yield over $1 billion in gross proceeds, which includes a $200 million investment from Japan’s SBI Holdings, a company historically linked to SoftBank. Additional support is likely from Ripple, Pantera Capital, Kraken, and GSR, as stated by the company said. Evernorth plans to use the funds to…

A prominent cryptocurrency analyst has sparked renewed discussions with an ambitious buying strategy for Cardano (ADA), while market indicators suggest a more prudent outlook in the short term. Related Reading Analyst Presents High-Stakes Price Targets Mr. Brownstone claims that Cardano could present a rare buying opportunity if the price follows a particular trend. He pointed out strategic entry points and outlined a five-wave pattern that, according to his analysis, could propel ADA into three-digit figures. As of the latest updates, ADA had increased by 4% over the past 24 hours, trading at approximately $0.67. This followed a more than 20%…

Key takeaways:The number of XRP whale addresses reached a record high of 317,500, highlighting accumulation trends.XRP’s price must surpass the $2.59 resistance to have a chance at regaining $3.XRP (XRP) rebounded from Friday’s lows of $2.18, climbing as much as 13% to an intraday peak of $2.48 on Monday.A robust technical setup and whale activity suggest that the XRP/USD pair is poised for a trend reversal towards $3 soon.What’s driving XRP’s recovery?XRP whales maintain confidence regarding the potential for a further rally, leveraging the recent pullback to gather more tokens.Santiment’s whale count metric reveals that the number of wallets with…

The US government is nearing the fourth week of its shutdown, with a Senate vote slated for Monday evening aimed at resolving the funding stalemate, and a separate meeting on Wednesday where lawmakers and crypto executives will deliberate on the long-delayed crypto market structure bill.The Senate will hold its 11th vote at 5:30 p.m. ET to attempt to bring an end to the shutdown. A successful vote with presidential approval would restore federal operations, while another setback would prolong the deadlock.In spite of the impasse, Congress is active on other issues. On Wednesday, Senate Democrats are anticipated to facilitate a…

Key takeaways:XRP whale addresses have surged to an all-time high of 317,500, signaling accumulation.For XRP to reclaim $3, it must first surpass the $2.59 resistance level.XRP (XRP) bounced from Friday’s low of $2.18, climbing as much as 13% to an intraday high of $2.48 on Monday.Strong technical signals and whale activity suggest that the XRP/USD pair is set for a trend reversal towards $3 in the near future.What’s driving XRP’s rebound?XRP whales remain optimistic about further price increases, taking advantage of the recent dip to accumulate more tokens.Santiment’s whale count metric reveals that wallets holding at least 10,000 XRP have…

The price of Bitcoin remains stable at around $111,000 following a period of volatility, yet analysts from TD Cowen forecast that it could reach $141,000 by December. In a report issued on Monday, the firm pointed out that the recent crash and subsequent recovery in the crypto market exemplify the resilience of both Bitcoin and the broader crypto landscape. This month’s flash crash led to approximately $19 billion in liquidations, marking the largest single-day event in crypto history. Despite the enormous sell-off, TD Cowen highlighted that the majority of exchanges continued to function with minimal interruptions, showcasing the market’s ability…

Joseph Lubin, co-founder of Ethereum and founder of Consensys, emphasized the significance of venture capital (VC) funding in advancing the world’s largest smart contract network, despite rising concerns within the industry regarding the impact of investment funds on Ethereum.According to Lubin’s Monday X post, the primary aim of VCs like Paradigm is to “extract as much value as possible from the Ethereum and broader ecosystem,” while their secondary intention is to “move the systems toward rigorous decentralization,” asserting that there is “no reason for concern.”His remarks follow the recent exit of two prominent Ethereum researchers, which has rekindled worries about…

502 Bad Gateway

Social media platform X is introducing a new Handles Marketplace that enables users to bid on inactive usernames, potentially transforming how digital identity and online branding are perceived.Currently in beta, this marketplace allows users to join a waitlist for upcoming handle drop events, request handles through their Premium subscriptions, and explore eligible inactive accounts. The company described it as a “solution to redistribute handles that are no longer in use,” exclusively available to paying subscribers.According to TechCrunch, rare handles might fetch prices ranging from $2,500 to upwards of $1 million, influenced by their popularity, character length, and cultural significance. Premium+…

Sure! Here’s the rewritten content with the HTML tags preserved: The UK’s green light for Bitcoin ETPs aimed at retail investors is merely the beginning of institutional embrace, according to Sygnum Bank’s CIO. Summary Sygnum Bank’s CIO asserts that the UK is aligning with the U.S. and Europe regarding crypto regulation. Traditional financial institutions like BlackRock and crypto-native companies are converging towards Bitcoin. In the U.S., there are indications of advancements in ETPs beyond just Bitcoin and Ethereum. The recent approval of Bitcoin ETPs by the UK’s Financial Conduct Authority signifies a growing institutional recognition of Bitcoin as a valid…