The move could make Evernorth one of the first public companies to anchor its balance sheet in XRP, signaling growing institutional appetite for digital assets. Evernorth Holdings, a digital asset company with ties to Ripple Labs, announced plans to go public through a merger with Armada Acquisition Corp. II, a Nasdaq-listed special purpose acquisition company (SPAC), in a move aimed at tapping growing institutional demand for publicly traded digital asset treasury firms. The transaction is expected to generate more than $1 billion in gross proceeds, including a $200 million investment from Japan’s SBI Holdings, a company with historical ties to SoftBank. Additional backing is expected from Ripple, Pantera Capital, Kraken and GSR, the company said. Evernorth said the funds will be used to build one of the world’s largest XRP (XRP) treasuries through open-market purchases of the digital asset. Read more.
Category: general
When Ben Johnson took the Chicago Bears head coaching job, helping quarterback Caleb Williams find his No. 1 pick ceiling was his top prerogative. So far, the results have been mixed. But Week 7’s matchup against the New Orleans Saints was a clear negative for Williams. The Bears came out with a 24-16 victory, but [.] The post Bears’ Ben Johnson puts Caleb Williams on notice after beating Saints appeared first on ClutchPoints.
Week 7 of the 2025 fantasy football season concludes with a Monday Night Football showdown between the Seattle Seahawks and Houston Texans.
Units from 400 to 1, 070 SF Located on Restaurant Row in the heart of White Plains All of the features and amenities you need without the hassle of a complicated office lease The post Turn-Key Office Suites Designed for Small-Format Users with Big Ideas appeared first on Westfair Communications.
The Trump administration is preparing to cancel a large swath of federal funding for California, an effort that could begin as soon as Friday, according to multiple sources. Agencies are being told to start identifying grants the administration can withhold from California. Sources said the administration is specifically considering a full termination of federal grant [.] The post Rogue State of California Is Going to Lose Federal Funding appeared first on www. independentsentinel. com.
Brandin Podziemski was a mainstay at Valkyries games, other pro sporting events. But the offseason also brought struggles, growth for third third-year guard.
California Gov. Gavin Newsom (D) called Saturday’s Marine Corps live-fire training demonstration in his state “reckless” after a California Highway Patrol (CHP) vehicle was damaged. CHP said Sunday that one of its vehicles, on Interstate 5, was damaged by metal shrapnel from an explosive artillery shell fired during the demonstration at Camp Pendleton in San…
The Buffalo Sabres are on the road to play the Montreal Canadiens on Monday, October 20 at 7: 30 p. m. ET.
You clearly don’t have a lot of time to take advantage of this outstanding “flash sale”, which makes a remarkably affordable tablet. even more remarkable.
The Securities and Futures Commission participated in a seminar organised by the Association of Fund Administrators of Hong Kong and the Greater Bay Area last week. The event aimed to raise awareness of regulatory compliance standards in the digital asset sector. Meanwhile, Chinese technology firms, including Ant Group and JD. com, have paused plans to issue stablecoins in Hong Kong following concerns from Beijing regulators over privately controlled digital currencies. Digital assets meet tradfi in London at the fmls25The People’s Bank of China and the Cyberspace Administration of China reportedly instructed the companies to halt initiatives, highlighting mainland authorities’ caution amid Hong Kong’s growing stablecoin and tokenization efforts. Collaboration Focused on Tokenised Fund ManagementEric Yip, the SFC’s Executive Director of Intermediaries, delivered a keynote speech to over 150 participants, including fund and digital asset professionals, as well as legal and compliance experts. The seminar covered risk management and control measures for digital asset funds and tokenised funds. Discussions emphasised the need for collaborative efforts within the fund industry to enhance technical and regulatory compliance capabilities and to adopt new technologies in fund management. RMB Internationalisation Drives Hong Kong Tokenized Product PlansChina is adjusting its approach to digital currencies by allowing limited room for fiat-referenced stablecoins to support the international use of the renminbi (RMB). In case you are wondering about cross-border RMB settlement amount (blue), this has clearly been rapidly increasing in the past few yrs. Trading (orange) settlement has also been increasingly settled in RMB due to the fear that Chinese financial system could face SWIFT sanction pic. twitter. com/X2imA2G8cp- tphuang (@tphuang) October 12, 2025Amid strict mainland capital controls and the 2021 crypto ban, Hong Kong has become a controlled testbed, introducing a licensing regime for stablecoin issuers on August 1, 2025. The framework positions the city as a hub for tokenized financial products, highlighting the careful balance between innovation and regulatory oversight in which both the SFC seminar and Beijing’s caution over private stablecoins are taking place. This article was written by Tareq Sikder at www. financemagnates. com.