Former Coinbase Executive Takes Charge of Evernorth’s $XRP An $XRP treasury holding approximately 473 million tokens at closing now has a former Coinbase Asset Management executive directing its investment strategy. Evernorth Holdings Inc. (Nasdaq: XRPN) announced on Oct. 12 that it appointed Hugo Jeandesboz as chief investment officer. He reports to founder and CEO Asheesh
Researchers at the Center for Cryptocurrency Research and Engineering (IC3E) from Imperial College London have published major research on post-quantum Bitcoin security. The paper proposes a model that would make Bitcoin transfers private and quantum-proof, all without the need for a soft fork. Bitcoin’s quantum resistance proposals Back in 2018-2020, the group’s research dubbed “Commit-Delay-Reveal”
Bitcoin [$BTC], which recently rallied above the long-standing $85,000 resistance level, is now showing signs of forming a potential October bottom. Though this might be a short-term market noise, the timing is what is making the situation tense. With the U.S. midterm elections approaching, market participants are watching whether the latest correction could mark a
Pyth Network has reported a remarkable increase in its annual recurring revenue (ARR), jumping from $6.2 million to $11.5 million, reflecting an impressive 86% growth quarter-over-quarter. This announcement highlights the growing demand for real-time market data services amidst fluctuating market conditions. The implications of this growth could reshape trading strategies as more participants seek reliable
GraniteShares has filed for an American Stakes ETF that will include stocks in which the US government has a stake. This move, as reported by crypto commentator Eric Balchunas, could reflect growing investor interest in government-linked assets. The filing comes amid a broader trend towards innovative investment products that tap into public sector holdings, which
Bitcoin’s six-figure price ambitions are getting a cold reception from prediction markets, where traders are putting real money behind decidedly modest expectations. On Oct. 13, Polymarket participants assigned just a 27% probability to bitcoin reaching $100,000 before 2027, while the odds of touching that milestone before November stood at a paltry 2%. Meanwhile, Kalshi’s October
Bitcoin treasury company Strive ASST$27.60·Market Closed on Tuesday evening announced a new perpetual preferred stock, SATS, with a 15% fixed dividend. The company is aiming to sell 5 million shares at $100 per share, for a capital raise of $500 million, with proceeds to be used to purchase additional bitcoin BTC$83,498.63, acquire income-producing assets, or
A study released by the Bank for International Settlements on Oct. 13 links bank deposit repricing to a larger estimated slowdown in $USDC growth than in $USDT growth, so banks’ offers can shape stablecoin adoption differently for each issuer. Higher deposit rates give holders a stronger financial reason to keep balances at a bank. In
Arbitrum has surpassed 13 million transactions on its One platform, utilizing priority fees for quicker execution. This milestone underscores the growing adoption of Arbitrum as a leading Ethereum scaling solution, as highlighted in a recent tweet by @arbitrum. The significant transaction volume also suggests heightened user engagement and demand for faster transaction processing. Breaking It
The global tokenization movement is gaining traction, with a striking 89% of the $3.8 billion tokenized stock market issued by non-US entities. This trend indicates a shift in how assets are being tokenized, with 94% of the market providing exposure to US-listed stocks and ETFs. Such developments may influence future investment strategies and market dynamics.