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Evernorth Taps Former Coinbase Exec for $473M XRP Treasury
Evernorth has appointed a former Coinbase investment executive to manage its $473 million XRP treasury ahead of a planned Nasdaq debut. The company plans to deploy capital through lending, liquidity provision, and DeFi yield strategies, signaling major institutional confidence in XRP.
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Kraken Gets VARA License: UAE Crypto Expansion
Kraken has secured a full operating license from Dubai’s VARA, enabling it to launch AED trading, staking, and xStocks tokenized equities in the UAE. The move reinforces Dubai’s position as a global crypto hub and signals growing institutional maturity across the industry.
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Standard Chartered Launches XRP Ledger Custody: Big Banks Adopt Ripple
Standard Chartered has officially deployed Ripple technology to launch institutional custody on the XRP Ledger, while Bitcoin holds above $83,300 after a massive $229 million short squeeze. Together, the moves signal accelerating institutional adoption across the crypto market.
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Bitcoin Holds $80K Despite $681M ETF Outflows and Oil Spike
Bitcoin is holding above $80,000 despite $681M in weekly spot ETF outflows and Brent crude surging past $100. The resilience signals growing maturity, but institutional demand remains the key test for BTC’s next major move.
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Ledger Tracks $103M Stolen Crypto Through Tornado Cash
Ledger successfully traced $103 million in stolen cryptocurrency through privacy mixers Tornado Cash and Zcash, while Tether froze $10 million in stolen USDT. The investigation shows that even sophisticated money-laundering techniques can be unraveled on the blockchain.
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South Korea Banks Launch Bitcoin-Backed Loans: What It Means
A traditional bank in South Korea has issued its first loans backed by bitcoin, marking a major step in mainstream crypto adoption. This move connects regulated banking with digital assets, giving investors new ways to access liquidity without selling their BTC.
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CLARITY Act: Where Does the U.S. Crypto Bill Stand?
The CLARITY Act, a major U.S. crypto bill, remains stalled in the Senate. Here’s what’s blocking it and how the SEC and CFTC are shaping regulation in the meantime.
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Global Watchdog Urges Stablecoin Crisis Planning
The Financial Stability Board is urging global regulators to coordinate on stablecoin oversight and prepare for potential crises. Here’s why cross-border planning matters and what it could mean for crypto users.