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Evernorth Holdings, an XRP treasury company going public through a SPAC merger, disclosed in a new S-4 filing that it and Pathfinder Digital Assets held about 473.1 million XRP as of the end of last year.The document also gives investors a clearer look at how that position was built. Evernorth said it used $214.1 million in cash to acquire 84.4 million XRP, which works out to about $2.54 per token for that portion of the treasury. XRP is currently trading at $1.45, or down about 35% from the average purchase price.The filing also points to a $233.7 million digital asset…
The Bitcoin price broke above $75,000 earlier this week, marking the highest level for the pioneer cryptocurrency for over one month. But while this move has led to an improvement in the overall investor sentiment, it could end up being a trap. This is called out by analyst TheOnePct, who explained that the correct move could end up being part of a larger Flat correction that began years ago. In this case, it would only be a matter of time before the Bitcoin price falls again. Bitcoin Break Confirms Structural Weakness The analysis follows the Bitcoin price movement since 2021,…
The Walt Disney Company has agreed to settle a class action lawsuit filed by YouTube TV and DirecTV subscribers in 2023. The lawsuit alleges that the entertainment conglomerate inflated the cost of streaming services by requiring streaming live pay television (SLPTV) providers to carry a bundle of Disney Networks including ESPN sports channels as a condition to offer Disney programming. The plaintiffs argue that these arrangements prevented streaming services from offering low-cost packages that do not include ESPN channels. “[T]he YouTube TV Plaintiffs and the DirecTV Stream Plaintiffs allege, among other things, that Disney violated federal antitrust law and various…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure With the recent turn in the tide led by Bitcoin crossing $70,000, the Dogecoin price has begun to see some upside. This has been propelled forward by the fact that the meme coin seems to have been stuck in a prolonged accumulation trend, now culminating in an uptrend. As the Dogecoin price continues to chase more rallies, a crypto analyst has called an end to the bearishness that has plagued the digital asset, suggesting that it is time for a change. Dogecoin Is Turning Bullish Crypto analyst…
Singapore-based crypto exchange Crypto.com is cutting about 12% of its workforce, or roughly 180 employees, as it leans into AI-driven efficiency, joining a growing wave of firms shrinking teams while betting on automation.”We are joining the list of companies integrating enterprise-wide AI,” a Crypto.com spokesperson told CoinDesk. “As we continue to prioritize resources around key growth areas and drive efficiencies across our business, we reduced our workforce by approximately 12%.”Kris Marszalek, Crypto.com’s CEO, on X said companies that do not pivot toward the integration of AI into their processes will fail.”Companies that move slowly will be left behind,” he added.…
Bitcoin is back at a point where the next move may carry more importance than an ordinary resistance test. The latest rebound has pulled the price back into a zone that could be the line between a continued recovery and another leg lower, especially as it is still early to judge whether the bounce from the yearly low has real strength behind it. Now, all eyes are on one specific zone that could either launch Bitcoin to a new all-time high or send it to another yearly low. A Roadmap Playing Out In Real Time The setup comes from a…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure New forensic reports and leaked court documents show years of dollar payments from crypto Libra (LIBRA) lobbyist Mauricio Novelli to Javier Milei and his inner circle, well before the memecoin collapsed. Dollar Payments For A Crypto Scandal Thirteen months after Argentina and the entire crypto world was shaken by the accusations of insider trading against the President of Argentina, Javier Milei, new uncovered evidence shows references to thousands of dollars Novelli had paid the libertarian since 2021, back when he was a congressman, for teaching classes and…
Bitcoin BTC$70,235.48 nursed fresh losses on Thursday after bearing the brunt of soaring energy prices, with Brent crude oil rising to $114 and Oman crude pushing up to $150.European natural gas futures followed suit, surging about 25% to above $78 per MWh on Thursday as Iran attacked key Gulf energy infrastructure after an Israeli strike on its South Pars gas field.Bitcoin traded near $70,000 having lost 1.6% since midnight UTC while ether (ETH) dropped 1.7% to $2,160.The Federal Reserve also had an impact after it left rates unchanged in the 3.50%–3.75% range on Wednesday, pausing a rate-cutting cycle to boost…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Senator Tim Scott discussed the impact of digital asset legislation and the progress on the highly anticipated crypto market structure bill on Tuesday, revealing that a fresh draft could be ready by the end of the week. Crypto Market Structure Bill Sees Progress Speaking at the DC Blockchain Summit 2026, Senate Banking Committee Chairman Tim Scott highlighted the “powerful impact for good” that the landmark stablecoin legislation, the GENIUS Act, has already had in the market. Scott emphasized the importance of clear legislation, noting that politicians and…
The Bank of Korea and nine commercial lenders began phase two of a digital won pilot, testing bank-issued deposit tokens backed by central bank infrastructure to determine whether the system can support government subsidy payments and consume transfers and payments nationwide.The second phase of Project Hangang adds two banks, Kyongnam Bank and iM Bank, to the program’s original seven. The institutions will now begin large-scale testing of the won-pegged deposit tokens built on a wholesale central bank digital currency (CBDC) layer, several local news outlets reported.“Participating banks are actively securing diverse use cases, such as large businesses and small merchants…