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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.
Elon Musk's Grok AI releases speculative price scenarios for Bitcoin
Bitmine posts a six billion dollar loss amid falling Ether prices
New Texas bill proposes ten million dollar Bitcoin limits for local governments
KNTQ
+5.6%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.
AVAX
+1.1%New York Stock Exchange selects Avalanche blockchain for tokenized stock platform
The New York Stock Exchange selected the Avalanche blockchain to support a planned platform for trading tokenized stocks around the clock. The platform will use Avalanche to track stock trades and complete transactions.
Former Cointelegraph leader Yana Prikhodchenko joins blockchain network Phase
Former Cointelegraph CEO Yana Prikhodchenko joined Phase as co-founder and chief executive officer. She will lead strategy, global expansion, and commercial development.
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