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Ripple backed Evernorth files to resell shares after price drop
Ripple-backed XRP treasury company Evernorth Holdings filed to register 73.7 million shares for potential resale by existing investors.
- Evernorth filed to register 73.7 million shares for potential resale after a sharp decline in its stock price.
- Ripple Labs and Arrington XRP Capital are among the major shareholders listed in the SEC prospectus for potential resale.
- Evernorth stated that it will not receive any proceeds from the resale of shares by its shareholders.
Avalanche and CoreWeave record gains following institutional market developments
South Korea to let crypto exchanges freeze withdrawals on hacking suspicion
Elon Musk's Grok AI releases speculative price scenarios for Bitcoin
Bitmine posts a six billion dollar loss amid falling Ether prices
Bitmine Immersion Technologies reported a $6.3 billion net loss for the fiscal year ended August 31. Falling ETH prices drove $6.2 billion in unrealized losses on digital assets.
New Texas bill proposes ten million dollar Bitcoin limits for local governments
A new Texas bill would allow cities and counties to invest up to $10 million each in Bitcoin. Representative Ron Reynolds pre-filed House Bill 815 for the 90th Texas Legislature.
KNTQ
+4.5%Kinetiq launches Elysium layer 2 network for the Hyperliquid ecosystem
Kinetiq has launched Elysium, a new layer 2 network built using Arbitrum technology to expand the Hyperliquid ecosystem beyond perpetual futures.
Bitcoin holds seventy three thousand dollars as rate hike odds rise
Bitcoin held above seventy three thousand dollars as inflation data shifted interest rate expectations. Federal Reserve Governor Christopher Waller raised the possibility of a fifty basis point rate hike in December.
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