The latest SEC filing from the XRP-focused treasury company reveals that the funds will come through convertible senior notes tied directly to the closing of the business combination with Armada Acquisition Corp. II. It also reads that Evernorth has entered into a note purchase agreement on September 11 with NH Investment & Securities, acting as…
Like fashion, investing eventually finds something embarrassing in the back of the wardrobe and puts it on again. Millennial-era crypto gave us yield-bearing dog coins and all kinds of food-themed financial contraptions. Now Gen Z has entered the market in JNCO jeans, carrying an ironic digicam and, in at least one corner of the market,…
When prompted, Google Gemini AI predicts that under a full bull market structure between now and 2027, XRP could surge as high as $7, a 5x move from current prices, which will be sure to excite the Ripple army. XRP currently trades near $1.30–$1.32, as of September 18, well below its prior cycle high near…
Washington came surprisingly close this week to writing a dollar amount into one of its thorniest crypto ethics rule debates. Under the final Senate draft of the CLARITY Act, senior federal officials holding equity worth at least $15,000 in certain businesses that issue or sponsor digital assets would have had to sell that interest or…
U.S. spot Bitcoin exchange-traded funds drew $433 million of net inflows on Friday, Sept. 18, according to Farside Investors. The session extended the market’s rebound to a second day, but it did not fully repair the withdrawals recorded earlier in the week. In the Farside data, Fidelity’s Wise Origin Bitcoin Fund, or FBTC, supplied $310.7…
S&P Global (SPGI) has agreed to acquire OpenZeppelin, the smart contract security firm whose open-source code library sits behind more than $37 trillion in transferred value, and will run the auditor as a standalone business unit under its own name. Founded in 2015, OpenZeppelin pairs security assessments and secure development services for decentralized finance (DeFi)…
Chelsea has found a cool new shirt sponsor whose main product is…a stablecoin? USDC is designed to be worth one dollar. Today, tomorrow, next Tuesday: one dollar. If everything is working properly, absolutely nothing should happen to its price, so there is not much room for a victory parade. And yet Circle, the company behind…
Arguably the most well-known investor of our (and the previous) generation, Warren Buffett, has formally stepped down as chairman of Berkshire Hathaway after more than 60 years at the company. He has now become Chairman Emeritus and remains on the board. His son, Howard G. Buffett, will succeed him as chairman, while Greg Abel continues…
Anthropic’s prospective $2 trillion IPO has already spawned nearly $80 million in crypto derivatives bets before its public debut. Open interest in futures linked to the Claude developer has climbed to about $79.27 million, close to a record $80 million, as traders position around what could become one of the largest initial public offerings ever…
After the CLARITY Act setback witnessed on September 15, all financial eyes turned to the Fed a day later when the US central bank raised the key interest rates by 25 bps for the first time in over three years. This development is considered bearish for risk-on assets like BTC, especially when it came with…