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Luis Blanco
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Mohammad Shahid
Evernorth is raising over $1 billion to build what could become the largest institutional XRP treasury. The company has agreed to merge with Armada Acquisition Corp II and plans to list its ticker, XRPN, on Nasdaq. 
Most of the proceeds will go toward open-market XRP purchases, with the rest allocated to working capital and corporate expenses.
The initiative aims to create a transparent, actively managed XRP treasury offering institutional investors liquid exposure and yield opportunities across both traditional and decentralized finance. The transaction is expected to close in Q1 2026, pending regulatory and shareholder approvals.
Evernorth is a publicly listed vehicle designed to give institutional investors active exposure to XRP. 
Unlike a passive ETF, it will pursue yield through open-market accumulation, institutional lending, liquidity provision, and DeFi strategies.
XRP community – I promised I’d have an update on my next adventure soon right? Well here’s the start: I’ll be a strategic advisor to @evernorthxrp, helmed by my friend @ashgoblue.

Evernorth was founded as a regulated, scalable investment vehicle to tap into opportunities for… https://t.co/nxHzATwcIK
The model prioritizes increasing XRP per share and expanding ecosystem participation. The deal represents more than $1 billion in potential gross proceeds. 
This includes a $200 million commitment from SBI Holdings, alongside investments from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR.
The venture is led by Asheesh Birla, a former Ripple executive, supported by senior leaders in finance, operations, legal, and corporate development. 
Most net proceeds will fund systematic XRP accumulation, building a resilient treasury, while a smaller share will cover operations.
I’m proud to share that we’ve launched @evernorthxrp, a first-of-its-kind institutional vehicle built to accelerate XRP adoption. With over a decade of uptime and a rapidly growing DeFi ecosystem, XRP is well-positioned for adoption — and Evernorth is built to meet that moment.… pic.twitter.com/2YGgQsNWCd
Evernorth’s plan extends beyond treasury management. It aims to run XRP Ledger validators to strengthen decentralization, integrate Ripple’s RLUSD stablecoin as a DeFi bridge, and back projects that expand XRP’s role in payments, tokenization, and capital markets.
This framework balances liquidity, compliance, and ecosystem growth, positioning Evernorth as a hybrid bridge between institutional capital and real-world XRP utility.
The combined company’s ticker, XRPN, is expected to trade on Nasdaq after regulatory clearance. 
Governance will remain operationally independent, with Ripple acting as a strategic investor and ecosystem executives serving as advisers. 
The merger is projected to close by Q1 2026, subject to standard approvals. Transparent governance and clear regulatory communication will be critical during the transition.
Following the announcement, XRP’s price rose 3% to $2.48, according to BeInCrypto data. Analysts noted that Evernorth’s structure could bring measurable liquidity and stability to the XRP ecosystem.
If executed with precision, the model could turn Evernorth into a key institutional gateway, offering both active yield generation and ecosystem support. 
Its success will depend on capital allocation efficiency, risk management, and consistent growth in XRP per share.
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August 20, 2021 Gistlover Stella Entertainment 0
Queen has recently been trying to warm up to Whitemoney since Boma shut down whatever situationship was forming between them.
This afternoon, whiles they were sitting at the sofa area, Queen tried to make some sexual advances at Whitemoney but he, however, didn’t seem to be here for it.
Whitemoney was lying down on one of the sofas and Queen came over to him, spread her legs open, and sat over his lower body, and then started moving her waist on him in a sexual way.
Whitemoney, who didn’t seem to want to respond to the sexual advances from Queen, started shouting, saying he is her father, in other to stop her in a nice way.
JMK was also sitting beside the sofa and passed funny comments and all laughed as they seem to have taken Queen’s act as a silly joke. A few nights ago, Queen left her bed to Whitemoney’s bed saying she wanted a warm bed as hers felt cold. Her sudden closeness to Whitemoney soon as Boma dropped her, has fans thinking she is acting too desperate for a partner in the house.
Copyright © 2025 Gistlover Media. All Rights Reserved

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Arbaaz khan and Sshura khan welcomed a baby girl. Everyone is happy about it but something that is concerns others is also about is it normal to have baby with age difference of 23 years. Scroll ahead to know more.
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Bharti Singh Announces Second Pregnancy: Taking to Instagram, the comedian wrote: “We are pregnant again. Blessed, Ganpati Bappa Morya. Thank you, God. Baby coming soon.”
Rihanna’s birth of her third baby at 37 highlights the realities and risks of pregnancy after 35, including gestational diabetes, hypertension, and chromosomal abnormalities, alongside modern prenatal care that supports healthy outcomes.
World Contraception Day is a special day that focuses on the importance of spreading awareness about contraceptives that involve a device, pills, procedure or behaviour.
Katrina Kaif Pregnant At 42: Bollywood actress Katrina Kaif’s pregnancy at 42 is challenging age-related fertility myths and inspiring women to embrace motherhood after 40. Discover the facts, risks, and benefits of late pregnancy.
Rocki Irish Mayers was born on 13 September, the singer announced in an Instagram post, sharing a snap of her cradling her daughter alongside a picture of miniature pink boxing gloves.
Navratri fasting during pregancy can be challenging. Here’s a full guide of dos and don’ts for an expectant mother to navigate through the nine days of festivities.
Katrina shared a polaroid photo of her and Vicky touching the baby bump. ‘On our way to start the best chapter of our lives with hearts full of joy and gratitude. Om,’ read her caption.
Navadurga Baby Names: Here are the top 100 baby girl names that are inspired by the Goddess Durga and her 9 forms, called Navadurga.
Lord Shiva Baby Names With Meanings: Are you lord Shiva bhakt? Here are the top 100 baby names inspired by Lord Shiva, with their meanings.
Serena Williams recently came up with Childbirth complications and opened up about her motherhood journey. Whatever she has revealed is really helpful. Follow along to know more.
Parineeti Chopra And Raghav Chadha Announce Pregnancy: The couple on Monday took to Instagram to announce they are expecting a baby with an adorable post.
PAUSED for over 30 years, a baby boy born in the US state of Ohio has made history after arriving from an embryo that was frozen before his parents had even started school.
Know how hepatitis can affect pregnancy and what expectant mothers need to know. A gynaecologist explains the risks, symptoms, and essential precautions for a safe and healthy journey.
Thinking about IVF? Know everything couples should know about in vitro fertilisation, including the process, success rates, and risks. An IVF specialist explains key insights on fertility treatments.
Lord Shiva Baby Names: Selecting an Indian baby name meaning Lord Shiva invites spiritual protection, wisdom, and cosmic strength into your child’s life. Scroll down to check the top 100 most powerful names.
Struggling with PCOS and trying to conceive? Understand how polycystic ovary syndrome affects fertility, ovulation, and pregnancy chances. A gynaecologist breaks down the symptoms, risks, and treatment options to help you plan better.
Uterine Tuberculosis: Symptoms, Its Impact on Pregnancy, Treatment Options, and Early Detection Tests
Whenever couples come with fertility issues, it doesn’t mean that we directly advise them IVF treatment.
With growing awareness and toleration, sperm banking is becoming a mainstream choice for women designing their reproductive destinies.
What are fertility health issues most common among younger couples nowadays?
There could be several reasons for failed IUI including poor quality eggs, age, poor sperm quality, etc. Let’s talk about the next steps after failed IUI.
Situations where egg freezing can be done, ideal age for freezing eggs, here’s all you need to know about this procedure.
With adequate folic acid, a woman ensures that her general health and well-being are cared for throughout her pregnancy.
‘2 Week Wait’ Period? Doing moderate exercises regularly will not affect implantation and pregnancy.
Dr Nisha Bhatnagar, Medical Director, Aveya IVF & Fertility Clinic, shares eight of the critical importance of IVF and how ART has transformed families.
By adopting the following steps, you can enjoy the beauty of winter while confidently preparing for your little one’s arrival.
‘2 Week Wait’ Period? Doing moderate exercises regularly will not affect implantation and pregnancy.
Maternal health is a shared responsibility that involves the entire family. Read on to know you can help a mother experience a smooth pregnancy journey.
There are many reasons why a person may refuse to use a contraceptive. But researchers say that, to save the planet, it is necessary to control population growth.
Chlamydia causes infertility, ectopic pregnancy and pelvic inflammatory disease if left untreated. This study says exposing gut first to chlamydia can prevent the genital infection.
This scary type of pregnancy can rupture your fallopian tube.
What Is The Impact Of Maternal Diet On Breast Milk Quality And Infant Nutrition? 5 Ways To Improve It.
Studies show that poor nutrient intake combined with low education and low socio-economic status adversely impacts women’s care-seeking behaviour, which then affects the body mass index (BMI) of pregnant.
By preparing mentally and physically, the mother can approach breastfeeding confidently, making the experience more manageable and rewarding for her and her baby.
Women with PCOS must work closely with their healthcare providers to treat their disease and monitor potential problems.
Untreated gynaecological issues can affect fertility. Hence, women who are wishing to get pregnant need to be aware of the red flags and seek medical help at the earliest signs of discomfort.
What are fertility health issues most common among younger couples nowadays?
The Urgent Need to Address Preeclampsia: Understanding The Dangers and 4 Key Prevention Strategies
Women with PCOS must work closely with their healthcare providers to treat their disease and monitor potential problems.
Extreme heat can have a significant impact not only on children but even on a woman’s reproductive health.
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Fraudulent Pi Coin listings have surfaced on the Prashu DEX, leading to warnings from the community. This comes amid rumors that Pi Network may soon partner with Stellar for its decentralized applications (dApps). While these claims remain unverified, users should be cautious as the fake listings mirror authentic tokens. The situation is exacerbated by Prashu’s controversial history, further raising concerns about potential scams on the platform.
The Prashu decentralized exchange (DEX) has recently listed fake Pi Coins (PI), causing concern among the crypto community. These fraudulent tokens claimed to be Pi Network assets, with fake price and issuer details designed to appear legitimate. Community members quickly noticed the scam and urged others not to interact with these listings. “This is a scam – do not buy PI on the Stellar network. For all we know Prashu is in on the scam,” one user warned on social media.
The fake listings surfaced just as unverified rumors began circulating about a potential Pi Network-Stellar collaboration. However, these rumors have not been confirmed by either the Pi Network team or the Stellar Development Foundation. Despite the shared technical roots between Pi Network and Stellar, the two blockchains remain distinct ecosystems.
Prashu has previously been involved in controversies, further fueling distrust among users. In August, a user accused the platform of theft after participating in a giveaway that required participants to reveal private keys. The giveaway, which promised 1,000 XLM as a prize, was a scam designed to steal users’ funds. As the user explained, “The next day, USDC and TKG disappeared from my account.” This incident highlights the risks of interacting with platforms that lack proper security measures.
The recent fake Pi Coin listings on Prashu bring this concern to the forefront again. The platform’s history of scandals makes it more difficult for users to trust its listings, especially in light of the current situation involving unverified token sales.
The appearance of fake Pi Coins on Prashu coincides with rumors that Pi Network may partner with Stellar for its upcoming decentralized applications. One user claimed that Pi Network would use Stellar as a settlement layer for trading real-world assets by early 2026. The claim suggested that this partnership would integrate Pi’s 60 million users into the Stellar ecosystem, unlocking access to Stellar’s decentralized finance (DeFi) infrastructure.
Despite these rumors gaining attention, there has been no official statement from either Pi Network or Stellar confirming the collaboration. Many within the Pi Network community have pointed out that Pi Network operates on its own blockchain, which does not require Stellar. “That doesn’t even make sense. Pi would use its own blockchain for settlement,” one user remarked in response to the unverified claims.
Although Pi Network’s consensus mechanism is adapted from the Stellar Consensus Protocol (SCP), the two projects remain separate. Pi Network’s protocol uses a modified version of the SCP to enable efficient validation without relying on energy-intensive proof-of-work systems.
However, Pi Network does not directly interact with Stellar’s ledger. Ownership of XLM does not provide any special privileges within the Pi Network, and transactions on the Pi blockchain do not involve Stellar.
The relationship between the two networks has often confused within the community. While Pi Network borrowed elements from Stellar’s consensus mechanism, this does not indicate any integration or partnership between the two networks. Official documents from Pi Network have consistently reaffirmed this distinction, clarifying that Pi operates on its own blockchain with separate functions from Stellar.
In light of the recent fraudulent listings and speculative rumors, users must verify any information before engaging in transactions on platforms like Prashu. As both Pi Network and Stellar continue to operate as independent ecosystems, users should remain cautious of any unverified claims that link the two.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
TLDR Barr warns Bitcoin’s volatility could undermine stablecoin stability in GENIUS Act. Bitcoin’s legal tender…

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                       <span class="bx-next dashicons dashicons-lightbulb"></span>                          <span class="fw-bold">               Highlights            </span>           <br>                         The GENIUS Act set a milestone for crypto oversight, but its success hinges on how regulators fill in the blanks.                      <br>                         Gaps in reserve rules and fragmented oversight could let risky, Bitcoin-backed or under-supervised stablecoins slip through.                      <br>                         Tokenized bank deposits may prove the real innovation, blending crypto efficiency with the stability of insured banking.                      <br>The <a href="https://www.pymnts.com/cryptocurrency/2025/genius-act-clears-way-for-stablecoins-in-supply-chains-b2b-payments" target="_blank" rel="noopener">signing into law</a> of the <a href="https://www.congress.gov/bill/119th-congress/senate-bill/1582/text" target="_blank" rel="noopener">GENIUS Act</a> in July was a watershed moment for the cryptocurrency industry and stablecoin issuers.<br><br>Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.     <br><span class="wpcf7-form-control-wrap" data-name="firstName"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary" id="firstName" aria-required="true" aria-invalid="false" placeholder="First Name*" value="" type="text" name="firstName" /></span>                 <br><span class="wpcf7-form-control-wrap" data-name="lastName"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary" id="lastName" aria-required="true" aria-invalid="false" placeholder="Last Name*" value="" type="text" name="lastName" /></span>                 <br><span class="wpcf7-form-control-wrap" data-name="YourTitle"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary" id="inputTitle" aria-required="true" aria-invalid="false" placeholder="Title*" value="" type="text" name="YourTitle" /></span>                 <br><span class="wpcf7-form-control-wrap" data-name="YourCompany"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary" id="inputCompany" aria-required="true" aria-invalid="false" placeholder="Company*" value="" type="text" name="YourCompany" /></span>                 <br><span class="wpcf7-form-control-wrap" data-name="YourEmail"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control border-secondary" id="inputEmail" aria-required="true" aria-invalid="false" placeholder="Email*" value="" type="email" name="YourEmail" /></span>               <br><span class="wpcf7-form-control-wrap" data-name="YourCountry"><input size="40" maxlength="400" class="wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control border-secondary" id="inputCountry" aria-required="true" aria-invalid="false" placeholder="Country*" value="" type="text" name="YourCountry" /></span>                 <br><span class="wpcf7-form-control-wrap" data-name="newsLetterChoice"><span class="wpcf7-form-control wpcf7-checkbox me-1" id="checkNewsletter"><span class="wpcf7-list-item first last"><input type="checkbox" name="newsLetterChoice[]" value="yes" checked="checked" /><span class="wpcf7-list-item-label">yes</span></span></span></span><span class="small">Subscribe to our daily newsletter, PYMNTS Today.</span>               <br>By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our <a class="fw-bold" href="https://pymnts-com-develop.go-vip.net/privacy-policy/">Privacy Policy</a> and <a class="fw-bold" href="https://pymnts-com-develop.go-vip.net/terms-conditions/">Terms and Conditions</a>.                <br><input id='hiddenPath' type='hidden' name='path' value='' /><input type='hidden' name='userDeviceId' id='userDeviceId' /><input type='hidden' name='pageTitle' id='pageTitle' />                <br><input class="wpcf7-form-control wpcf7-submit has-spinner btn btn-dark text-uppercase py-2 px-5 small" id="theSubmitButton" type="submit" value="Submit" />                     <br><label>&#916;<textarea name="_wpcf7_ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="_wpcf7_ak_js" value="224"/><script>document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );</script><br>As focus now turns to the details of the act’s implementation, that watershed could threaten to spring a few leaks. For all its strengths as a statutory framework, the law is less a finished architecture than a foundation.<br><a href="https://www.federalreserve.gov/default.htm" target="_blank" rel="noopener">Federal Reserve</a> Governor and former Vice Chair of Supervision <a href="https://www.federalreserve.gov/aboutthefed/bios/board/barr.htm" target="_blank" rel="noopener">Michael Barr</a> said in a Thursday (Oct. 16) <a href="https://www.federalreserve.gov/newsevents/speech/barr20251016a.htm" target="_blank" rel="noopener">speech</a> that the ways federal and state regulators interpret, coordinate and enforce the GENIUS Act’s provisions will determine whether the United States stablecoin ecosystem becomes a trustworthy component of the modern financial system or a source of systemic fragility reminiscent of past crises.<br>“[T]here is a lot of work to do on the part of the government to fill in the specifics during the rule-writing process,” Barr said, adding that digital assets like Bitcoin could serve as a stablecoin reserve asset under the GENIUS Act as it is currently written.<br>The act permits repos backed by “any medium of exchange authorized or adopted by a foreign government,” Barr said. That definition, however, could encompass volatile assets such as Bitcoin, given El Salvador’s continuing recognition of Bitcoin as legal tender. A clever issuer might argue that a Bitcoin-backed repo qualifies as an eligible reserve asset.<br>“[S]tablecoin issuers traditionally retain profits from investing reserve assets and therefore have a high incentive to maximize the return on their reserve assets by extending the risk spectrum as far out as possible,” Barr said in the speech.<br>Advertisement: Scroll to Continue<br>Bitcoin-backed stablecoins would, naturally, be less stable than their name might imply. Caveat emptor.<br><strong>Read </strong><strong>also:</strong> <a href="https://www.pymnts.com/cryptocurrency/2025/keeping-stablecoins-stable-is-complicated-why-cfos-need-to-pay-attention/" target="_blank" rel="noopener">Keeping Stablecoins Stable is Complicated: Why CFOs Need to Pay Attention</a><br>Among the most immediate task for regulators lies in defining the prudential standards governing reserve assets. On paper, the act lists permissible reserves such as treasuries, repos and deposits, but even within these categories lurk vulnerabilities.<br>One provision permits uninsured deposits as part of the reserve mix, a detail that evokes uneasy memories of March 2023, when uninsured deposits catalyzed the <a href="https://www.pymnts.com/news/banking/2024/silicon-valley-banks-downfall-lessons-learned-and-unanswered-questions/" target="_blank" rel="noopener">failures</a> of Silicon Valley Bank and Signature Bank, Barr said in the speech.<br>“The historical examples point out that issuing liquid liabilities redeemable at par but backed by assets, even high-quality ones, about which creditors might have questions, makes private money vulnerable to run risk,” Barr said. “…Three key features—redemption on demand, at par and backed by noncash assets—render stablecoins susceptible to runs similar to fragile banks or money market funds.”<br>Even if reserve standards are tightened, the GENIUS Act introduces another risk: regulatory fragmentation. It empowers four federal agencies, along with each state and territorial regulator, to serve as primary supervisors of stablecoin issuers. While the law seeks to ensure “substantially similar” oversight, in practice, this diversity of authorities could foster inconsistent rulebooks, Barr said in the speech.<br>The U.S. has long wrestled with the consequences of regulatory pluralism. The dual banking system, federal and state charters operating side by side, has spurred innovation and arbitrage. A patchwork of standards could incentivize issuers to seek the most permissive charter, creating a race to the bottom in oversight.<br>This risk is magnified by the law’s broad definition of permissible activities. Stablecoin issuers may engage in a range of “digital asset service provider” and “incidental” activities beyond issuance, including exchange and brokerage functions. Without tight coordination, one regulator’s “incidental” activity could be another’s prohibited line of business, Barr said.<br>The nightmare scenario is a future in which a state-chartered issuer, operating under a lenient interpretation, takes on the risk profile of <a href="https://www.pymnts.com/legal/2025/ftx-to-distribute-5-billion-to-creditors-in-second-distribution/" target="_blank" rel="noopener">FTX</a> while maintaining only the capital buffers of a payments intermediary. Unless agencies harmonize interpretations, the GENIUS Act could inadvertently enable the very intermediation risks it was designed to contain.<br>At the same time, not all instruments marketed as stablecoins fall under the act’s definition. That means certain dollar-denominated tokens can still circulate entirely outside the new regulatory perimeter, creating confusion among users who may assume they enjoy statutory safeguards.<br><strong>See also:</strong> <a href="https://www.pymnts.com/cryptocurrency/2025/stablecoins-arent-created-equal-mapping-the-issuer-marketplace-for-cfos/" target="_blank" rel="noopener">Stablecoins Aren’t Created Equal: Mapping the Issuer Marketplace for CFOs</a><br>Stablecoins promise efficiency, particularly in cross-border payments, where traditional systems remain slow and costly. But efficiency without trust is self-defeating.<br>Against this backdrop of uncertainty, tokenized deposits emerge as an alternative. Technologically, they mirror stablecoins, as they are digital representations of value that can move seamlessly across blockchains. But unlike stablecoins, tokenized deposits exist within the traditional banking framework.<br>Each tokenized deposit represents a claim on an insured deposit at a regulated bank. This structure inherits the prudential advantages of banking, like deposit insurance, established supervisory regimes, capital and liquidity requirements, and orderly resolution procedures. Moreover, banks can access the Federal Reserve’s discount window, ensuring liquidity under stress, which is an assurance no stablecoin issuer can yet match.<br>While tokenized deposits are not immune to risk, their regulatory pedigree is stronger. They offer a path to innovation without compromising systemic safeguards. As stablecoin regulation evolves, policymakers may find that tokenized deposits, rather than privately issued stablecoins, could offer the most durable foundation for digital payments innovation.<br>                                     Bitcoin-Backed Stablecoins Top List of GENIUS Act Loopholes                                <br>                                     UK’s CMA Clears Global Payments’ Planned Acquisition of Worldpay                                <br>                                     iPhone 17 Enjoys Stronger Early Sales Than Its Predecessor                                <br>                                     Companies Say Tariff Impacts Lessen as Countries Negotiate New Trade Deals                                <br>We’re always on the lookout for opportunities to partner with innovators and disruptors.<br><br><a href="https://news.google.com/rss/articles/CBMiogFBVV95cUxNQ1NKaktqeW54SWZIUTAydVNTU1hhY0xCVFUtOWNUQlFEOU8tc3gtbWxiNlEybDBaa1A1cEkydHJrUnBHQ2l3VkRCX0pvMk0wbUdtTElEX2FBWnl2MlVPSWdmYlZ2WER0TEZ4ZE9SZ21SZjY5ZE1HSDhhU080XzhRc2Z1Yzd0czF2SjAya282QjJqQ2VDaVFjMG9BeWo4X1dIR2c?oc=5">source</a>

   Subscribe to our News &amp; Services     <br>           Subscribe to our News &amp; Services         <br>             FM ALL News           <br>             FM Crypto           <br>             Follow us on Twitter           <br>             Follow us on Linkedin           <br>Evernorth Holdings, a Nevada-based company founded by former Ripple executive Asheesh Birla, plans to go public through a merger with Armada Acquisition Corp II in a transaction expected to raise more than $1 billion.<br><strong data-v-75f3955d><a href="https://events.financemagnates.com/event/FMLS25/register?RefId=Article&utm_campaign=Article&utm_medium=J-Article&utm_source=registration&utm_term=Finance%2520Magnates-%2520Article" target="_blank" rel="noopener noreferrer" data-v-75f3955d>Digital assets meet tradfi in London at the fmls25</a></strong><br>If approved, the combined company would keep the Evernorth name and trade on Nasdaq under the ticker XRPN as early as the first quarter of 2026. Evernorth said it will use the funds to purchase XRP on the open market and build what it calls the largest publicly traded <a href="https://www.financemagnates.com/tag/xrp/" target="_blank" data-v-75f3955d>XRP</a> treasury.<br>Under the deal terms, Armada’s Class A shares would convert into Evernorth stock on a one-to-one basis. The funding plan includes a $200 million commitment from Japan’s SBI Holdings.<br>“Evernorth is a first-of-its-kind institutional vehicle built to accelerate XRP adoption,” commented Birla. “With over a decade of uptime and a rapidly growing DeFi ecosystem, XRP is well-positioned for adoption, and Evernorth is built to meet that moment.”<br>Other investors listed in the announcement include <span tabindex="-1" data-ref="term-wrapper" class="term__wrapper" data-v-26a4c466 data-v-75f3955d><span class="term__term-title-container" data-v-26a4c466><span class="term__term-title render-html__wrapper html-content__general-styles" data-v-26a4c466>Ripple<span class="clearfix"></span></span></span> <span class="term__pop-up-wrapper display-block" style="display:none;" data-v-26a4c466><span class="display-block" data-v-26a4c466><a href="/terms/r/ripple/" target="_blank" class="term__pop-up ignore-html-styles" style="width:0;right:0;z-index:1000;" data-v-26a4c466><i class="close-icon term__close-icon" data-v-26a4c466></i> <span class="text-body bold display-block ignore-html-styles" data-v-26a4c466>             Ripple           </span> <span class="dots__wrapper term__description" data-v-0e507f65 data-v-26a4c466><span class="dots__visible" style="max-height:88px;" data-v-0e507f65>       Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may     </span> <span class="dots__actual-content" data-v-0e507f65>     Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may   </span> <!----></span> <span class="text-caption blue term__link ignore-html-styles" data-v-26a4c466>Read this Term</span></a></span></span></span>, Rippleworks, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. The company says net proceeds will go primarily toward acquiring XRP, with a portion set aside for operations and deal expenses.<br>Both companies approved the transaction, which now awaits shareholder votes, regulatory clearance and review of potential redemptions.<br>Asheesh and team are building something special with <a href="https://twitter.com/evernorthxrp?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>@evernorthxrp</a>. We are proud to partner with him -- and proud to join an incredible set of investors including SBI Holdings, Pantera Capital, Kraken, GSR and Rippleworks, to support Evernorth as it participates in institutional… <a href="https://t.co/qeAqXtmQcV" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>https://t.co/qeAqXtmQcV</a><br>Evernorth positions itself as an alternative to passive crypto products. Instead of tracking XRP’s price, the firm says it will use lending strategies, market liquidity services, and decentralized finance yield programs to increase XRP holdings per share.<br><strong data-v-75f3955d>You may also like: <a href="https://www.financemagnates.com/fintech/revolut-secures-mexico-banking-license-building-on-operations-in-the-us-and-brazil/" target="_blank" data-v-75f3955d>Revolut Secures Mexico Banking License, Building on Operations in the US and Brazil</a></strong><br>The company also plans to run validators on the XRP Ledger and integrate Ripple’s RLUSD <span tabindex="-1" data-ref="term-wrapper" class="term__wrapper" data-v-26a4c466 data-v-75f3955d><span class="term__term-title-container" data-v-26a4c466><span class="term__term-title render-html__wrapper html-content__general-styles" data-v-26a4c466>stablecoin<span class="clearfix"></span></span></span> <span class="term__pop-up-wrapper display-block" style="display:none;" data-v-26a4c466><span class="display-block" data-v-26a4c466><a href="/terms/s/stablecoin/" target="_blank" class="term__pop-up ignore-html-styles" style="width:0;right:0;z-index:1000;" data-v-26a4c466><i class="close-icon term__close-icon" data-v-26a4c466></i> <span class="text-body bold display-block ignore-html-styles" data-v-26a4c466>             Stablecoin           </span> <span class="dots__wrapper term__description" data-v-0e507f65 data-v-26a4c466><span class="dots__visible" style="max-height:88px;" data-v-0e507f65>       Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including      </span> <span class="dots__actual-content" data-v-0e507f65>     Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including    </span> <!----></span> <span class="text-caption blue term__link ignore-html-styles" data-v-26a4c466>Read this Term</span></a></span></span></span> as an entry point into XRP-based DeFi activity.<br>Birla will lead a team that includes CFO Matthew Frymier, COO Meg Nakamura, Chief Legal Officer Jessica Jonas and Chief Business Officer Sagar Shah. Ripple is listed as a strategic investor, while senior Ripple figures Brad Garlinghouse, Stuart Alderoty and David Schwartz will act as strategic advisers.<br>The company emphasized it will operate with independent governance, despite the heavyweight Ripple presence. Evernorth expects to file additional documents with U.S. regulators as the merger process moves forward. <br>If completed, XRPN would provide stock market investors a way to gain exposure to XRP’s price dynamics—plus any returns the firm generates through its active treasury management.<br>Evernorth Holdings, a Nevada-based company founded by former Ripple executive Asheesh Birla, plans to go public through a merger with Armada Acquisition Corp II in a transaction expected to raise more than $1 billion.<br><strong data-v-75f3955d><a href="https://events.financemagnates.com/event/FMLS25/register?RefId=Article&utm_campaign=Article&utm_medium=J-Article&utm_source=registration&utm_term=Finance%2520Magnates-%2520Article" target="_blank" rel="noopener noreferrer" data-v-75f3955d>Digital assets meet tradfi in London at the fmls25</a></strong><br>If approved, the combined company would keep the Evernorth name and trade on Nasdaq under the ticker XRPN as early as the first quarter of 2026. Evernorth said it will use the funds to purchase XRP on the open market and build what it calls the largest publicly traded <a href="https://www.financemagnates.com/tag/xrp/" target="_blank" data-v-75f3955d>XRP</a> treasury.<br>Under the deal terms, Armada’s Class A shares would convert into Evernorth stock on a one-to-one basis. The funding plan includes a $200 million commitment from Japan’s SBI Holdings.<br>“Evernorth is a first-of-its-kind institutional vehicle built to accelerate XRP adoption,” commented Birla. “With over a decade of uptime and a rapidly growing DeFi ecosystem, XRP is well-positioned for adoption, and Evernorth is built to meet that moment.”<br>Other investors listed in the announcement include <span tabindex="-1" data-ref="term-wrapper" class="term__wrapper" data-v-26a4c466 data-v-75f3955d><span class="term__term-title-container" data-v-26a4c466><span class="term__term-title render-html__wrapper html-content__general-styles" data-v-26a4c466>Ripple<span class="clearfix"></span></span></span> <span class="term__pop-up-wrapper display-block" style="display:none;" data-v-26a4c466><span class="display-block" data-v-26a4c466><a href="/terms/r/ripple/" target="_blank" class="term__pop-up ignore-html-styles" style="width:0;right:0;z-index:1000;" data-v-26a4c466><i class="close-icon term__close-icon" data-v-26a4c466></i> <span class="text-body bold display-block ignore-html-styles" data-v-26a4c466>             Ripple           </span> <span class="dots__wrapper term__description" data-v-0e507f65 data-v-26a4c466><span class="dots__visible" style="max-height:88px;" data-v-0e507f65>       Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may     </span> <span class="dots__actual-content" data-v-0e507f65>     Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may   </span> <!----></span> <span class="text-caption blue term__link ignore-html-styles" data-v-26a4c466>Read this Term</span></a></span></span></span>, Rippleworks, Pantera Capital, Kraken, GSR, and Ripple co-founder Chris Larsen. The company says net proceeds will go primarily toward acquiring XRP, with a portion set aside for operations and deal expenses.<br>Both companies approved the transaction, which now awaits shareholder votes, regulatory clearance and review of potential redemptions.<br>Asheesh and team are building something special with <a href="https://twitter.com/evernorthxrp?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>@evernorthxrp</a>. We are proud to partner with him -- and proud to join an incredible set of investors including SBI Holdings, Pantera Capital, Kraken, GSR and Rippleworks, to support Evernorth as it participates in institutional… <a href="https://t.co/qeAqXtmQcV" target="_blank" rel="nofollow noopener noreferrer" data-v-75f3955d>https://t.co/qeAqXtmQcV</a><br>Evernorth positions itself as an alternative to passive crypto products. Instead of tracking XRP’s price, the firm says it will use lending strategies, market liquidity services, and decentralized finance yield programs to increase XRP holdings per share.<br><strong data-v-75f3955d>You may also like: <a href="https://www.financemagnates.com/fintech/revolut-secures-mexico-banking-license-building-on-operations-in-the-us-and-brazil/" target="_blank" data-v-75f3955d>Revolut Secures Mexico Banking License, Building on Operations in the US and Brazil</a></strong><br>The company also plans to run validators on the XRP Ledger and integrate Ripple’s RLUSD <span tabindex="-1" data-ref="term-wrapper" class="term__wrapper" data-v-26a4c466 data-v-75f3955d><span class="term__term-title-container" data-v-26a4c466><span class="term__term-title render-html__wrapper html-content__general-styles" data-v-26a4c466>stablecoin<span class="clearfix"></span></span></span> <span class="term__pop-up-wrapper display-block" style="display:none;" data-v-26a4c466><span class="display-block" data-v-26a4c466><a href="/terms/s/stablecoin/" target="_blank" class="term__pop-up ignore-html-styles" style="width:0;right:0;z-index:1000;" data-v-26a4c466><i class="close-icon term__close-icon" data-v-26a4c466></i> <span class="text-body bold display-block ignore-html-styles" data-v-26a4c466>             Stablecoin           </span> <span class="dots__wrapper term__description" data-v-0e507f65 data-v-26a4c466><span class="dots__visible" style="max-height:88px;" data-v-0e507f65>       Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including      </span> <span class="dots__actual-content" data-v-0e507f65>     Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including    </span> <!----></span> <span class="text-caption blue term__link ignore-html-styles" data-v-26a4c466>Read this Term</span></a></span></span></span> as an entry point into XRP-based DeFi activity.<br>Birla will lead a team that includes CFO Matthew Frymier, COO Meg Nakamura, Chief Legal Officer Jessica Jonas and Chief Business Officer Sagar Shah. Ripple is listed as a strategic investor, while senior Ripple figures Brad Garlinghouse, Stuart Alderoty and David Schwartz will act as strategic advisers.<br>The company emphasized it will operate with independent governance, despite the heavyweight Ripple presence. Evernorth expects to file additional documents with U.S. regulators as the merger process moves forward. <br>If completed, XRPN would provide stock market investors a way to gain exposure to XRP’s price dynamics—plus any returns the firm generates through its active treasury management.<br>     Share this article   <br>       Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.     <br>By subscribing, you agree to our <a href="https://www.financemagnates.com/terms-of-use/" target="_blank" rel="follow">Terms of Use</a> and <a href="https://www.financemagnates.com/privacy/" target="_blank" rel="follow">Privacy Policy</a>. You may unsubscribe at any time.<br>Follow Us<br>Looking for a Service?<br>Looking for a Service?<br>     Finance Magnates is a global B2B provider of multi-asset trading news,     research and events with special focus on electronic trading, banking, and     investing. Copyright © 2025 &quot;Finance Magnates CY Ltd.&quot; All     rights reserved.<br class="hide-on-mobile hide-on-desktop-md hide-on-desktop-lg hide-on-desktop-xl hide-on-above-desktop-xl" data-v-1665ffef>For more information, read our      <a href="/terms-of-use/" target="_self" class="footer__terms-link" data-v-1665ffef>Terms, </a> <a href="/cookies/" target="_self" class="footer__terms-link" data-v-1665ffef>Cookies </a>     and     <a href="/privacy/" target="_self" class="footer__terms-link" data-v-1665ffef>Privacy Notice     </a> <a href="#" class="footer__manage-cookies-link" data-v-1665ffef>Manage Cookies</a><br><br><a href="https://news.google.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?oc=5">source</a>

Medicare Enrollment Tips from Denver Health Medical Plan  KUSA.com
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Betting on the Miami Marlins may be a profitable endeavor for MLB fans who like to seek value in the underdog. Bet365 is one of the most popular sportsbooks in the world, and it has an entire menu of Marlins game markets, including moneylines, run lines, totals, and futures. Learning the way the Marlins are generally priced, and what moves their odds, can give bettors an advantage.
The Marlins Market Price at Bet365
Bet365 will usually have the Marlins as moneyline underdogs when they face a stronger side, and this is usually anywhere between +120 and +160 odds depending on the mound match-ups and the visiting team. This implies that $100 bet might pay between one hundred and twenty and one hundred and sixty dollars in the event of Miami coming out a winner.
The other most preferred bet among the Marlins supporters is the run line. This is typical of Miami at +1.5 runs against playoff-caliber teams. This bet cumulates in victory in case the Marlins win the game or lose by only one run. This is a possible attractive option because of their inclination to make games tight even against superior teams. Bettors can spice things up with the Bet365 promo code provided by Sportytrader under the betting sites review link.
The Marlins’ games on the totals market usually have over/under lines between 8 and 9 runs. The numbers are greatly impacted by other factors, which include the starting pitcher’s form, the bullpen use, and the ballpark conditions.
Performance Trends That Define the Odds
The Marlins have been known to have a streak of inconsistency in terms of performance, where at times the pitching staff does the work and other times the offense takes center stage. Ace-level starters have aided them in recent seasons to pull off surprise wins as underdogs, but inconsistent run production has caused sportsbooks to be wary of making them favorites.
Bet365 is fast to adapt to the variance in the form of Miami. A good run of playing against top-ranked teams can reduce the underdog price, and losing streaks or injuries to important players can increase it. This presents the chances to the bettors who are keen on the team and can identify value before the market moves.
Marlins Bet365 Betting Angles
Futures and Long-Term Bets
Bet365 also has season-long markets, such as win totals, odds to win the division, and to make the playoffs. These futures may pay off more than single-game bets where bettors are sure about the development curve or future schedule of Miami.
The Bottom Line
Miami Marlins betting on Bet365 is usually a matter of finding value in underdog scenarios and reading between the lines of what is moving the lines. By closely examining pitching matchups, the form of teams, and market trends, you can find situations in which the odds are in your favor, whether it be moneyline, run line, totals, or futures.
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Evernorth is raising over $1 billion to build what could become the largest institutional XRP treasury. The company has agreed to merge with Armada Acquisition Corp II and plans to list its ticker, XRPN, on Nasdaq. 
Most of the proceeds will go toward open-market XRP purchases, with the rest allocated to working capital and corporate expenses.
What Is Evernorth?
The initiative aims to create a transparent, actively managed XRP treasury offering institutional investors liquid exposure and yield opportunities across both traditional and decentralized finance. The transaction is expected to close in Q1 2026, pending regulatory and shareholder approvals.
Evernorth is a publicly listed vehicle designed to give institutional investors active exposure to XRP. 
Unlike a passive ETF, it will pursue yield through open-market accumulation, institutional lending, liquidity provision, and DeFi strategies.
The model prioritizes increasing XRP per share and expanding ecosystem participation. The deal represents more than $1 billion in potential gross proceeds. 
This includes a $200 million commitment from SBI Holdings, alongside investments from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR.
The venture is led by Asheesh Birla, a former Ripple executive, supported by senior leaders in finance, operations, legal, and corporate development. 
Most net proceeds will fund systematic XRP accumulation, building a resilient treasury, while a smaller share will cover operations.
Strategy and Ecosystem Role
Evernorth’s plan extends beyond treasury management. It aims to run XRP Ledger validators to strengthen decentralization, integrate Ripple’s RLUSD stablecoin as a DeFi bridge, and back projects that expand XRP’s role in payments, tokenization, and capital markets.
This framework balances liquidity, compliance, and ecosystem growth, positioning Evernorth as a hybrid bridge between institutional capital and real-world XRP utility.
The combined company’s ticker, XRPN, is expected to trade on Nasdaq after regulatory clearance. 
Governance will remain operationally independent, with Ripple acting as a strategic investor and ecosystem executives serving as advisers. 
The merger is projected to close by Q1 2026, subject to standard approvals. Transparent governance and clear regulatory communication will be critical during the transition.
XRP Market Reaction
Following the announcement, XRP’s price rose 3% to $2.48, according to BeInCrypto data. Analysts noted that Evernorth’s structure could bring measurable liquidity and stability to the XRP ecosystem.
If executed with precision, the model could turn Evernorth into a key institutional gateway, offering both active yield generation and ecosystem support. 
Its success will depend on capital allocation efficiency, risk management, and consistent growth in XRP per share.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

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Bitwise Europe launches four cryptocurrency ETPs on London Stock Exchange  Investing.com
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