Ripple-backed firm faces $220M unrealized loss as XRP slides

U.S. President Donald Trump's decision to escalate the tariff war with China triggered a crypto flash crash on Oct. 10 and more than $19 billion got wiped out from the digital assets market in a day. Everyone thought the crypto market would soon recover and things will get back to normal. Related: XRP losses hit corporate crypto treasury firm On Oct. 20, Evernorth Holdings, backed by Ripple and other companies, launched as a digital asset treasury (DAT) focused on XRP. DATs are companies that hold cryp ...