RT Hydraze 🏴‍☠️ (@Hydraze420)Everyone has probably already seen that @breakoutprop got acquired by Kraken.If this doesn't give you the confidence to use them vs the prop trading competition then I don't know what will.They have a slightly higher cost than some but:1) They actually pay out, over $500K already in Oct2) The evaluation rules are simple, max drawdown + max daily lossTook me 2 attempts on the $999 evaluations to pass, now about to start trading on the $100K account the passed evaluation gave me a ...

BITMINE ADDED $800M ETH IN A WEEKBut if you were tracking Bitmine on Arkham, you already knew that they were buying. https://t.co/1Pzyc2zWnfArkham (@arkham):TOM LEE BOUGHT $415M WORTH OF ETHTwo addresses withdrew $185M ETH last night from Kraken. These movements are in addition to the $231.5M withdrawn from Bitgo that we reported yesterday - bringing the total to $415M.These withdrawals match known Bitmine purchase patterns. https://t.co/YOjda3vkgl ...

Group 1 - Evernorth Holdings Inc., backed by Ripple, plans to go public through a merger with Armada Acquisition Corp II, with the combined entity to trade on Nasdaq under the ticker "XRPN" pending regulatory approval [1] - The transaction is expected to raise over $1 billion in gross proceeds, including $200 million from SBI Holdings and additional investments from Ripple and other firms [2] - The funds will primarily be used for open-market purchases of XRP to establish Evernorth's institutional XRP treasury [2] Group 2 - Evernorth, led by former Ripple executive Asheesh Birla, aims to provide investors with liquid and transparent exposure to XRP through a publicly listed vehicle, focusing on active management rather than a passive ETF [3] - The deal is anticipated to close in the first quarter of 2026 [3] - Evernorth is a digital asset treasury company focused on institutional adoption of XRP, managing its holdings through lending, liquidity provisioning, and decentralized finance strategies [4]

Core Insights - Greenlane Holdings Inc. has raised $110 million in a private investment round to fund its digital asset treasury focused on BERA, the native cryptocurrency of Berachain [2][3] - The financing was led by Polychain Capital, with participation from notable investors such as Blockchain.com and Kraken, indicating strong institutional interest in the digital asset space [3][10] - Greenlane is launching "BeraStrategy," a dedicated digital asset management arm, to oversee its new treasury strategy [6][10] Investment Details - The investment round includes $50 million in cash or cash equivalents and $60 million in BERA tokens, with investors purchasing Greenlane's Class A common stock at $3.84 per share [3][4] - The deal is expected to close around October 23, 2025, positioning Greenlane as the largest publicly traded holder of Berachain tokens [4] Strategic Shift - Proceeds from the investment will be used to acquire additional BERA tokens, making BERA the company's primary treasury reserve asset, akin to how some companies have adopted Bitcoin or Ether [5][12] - The involvement of institutional investors like Polychain Capital and the participation of crypto-native firms highlight the growing convergence between traditional finance and decentralized finance [9][10] Market Reaction - Following the announcement, Greenlane's stock surged by 30% in premarket trading, reflecting investor optimism regarding the company's pivot towards digital assets [11] - This move aligns Greenlane with other public companies that have embraced blockchain exposure, marking a new phase in corporate treasury management [12] Broader Implications - The integration of Berachain with regulated markets could enhance liquidity and governance participation, contributing to long-term stability within the ecosystem [13] - The shift towards a structured crypto treasury may pave the way for hybrid models that combine corporate strategy with decentralized technology [13]

Core Insights - Evernorth is raising over $1 billion to establish what could become the largest institutional XRP treasury, merging with Armada Acquisition Corp II and planning to list on Nasdaq under the ticker XRPN [1][2] - The initiative aims to provide institutional investors with liquid exposure and yield opportunities in both traditional and decentralized finance, with the transaction expected to close in Q1 2026, pending approvals [2][3] - The strategy includes active management of XRP through open-market accumulation, institutional lending, and DeFi strategies, focusing on increasing XRP per share and expanding ecosystem participation [3][5] Financial Commitments - The venture has secured a $200 million commitment from SBI Holdings, along with investments from Ripple, Rippleworks, Pantera Capital, Kraken, and GSR [4] - Most net proceeds will be allocated for systematic XRP accumulation to build a resilient treasury, while a smaller portion will cover operational expenses [4] Strategic Goals - Evernorth plans to operate XRP Ledger validators to enhance decentralization and integrate Ripple's RLUSD stablecoin as a DeFi bridge [5] - The company aims to support projects that expand XRP's role in payments, tokenization, and capital markets [5]

Core Insights - Ripple is supporting a new publicly traded XRP treasury firm named Evernorth, which aims to raise over $1 billion and has enlisted key Ripple backers for its initiative [1][2] - The deal is expected to close in Q1 2026, with net proceeds exceeding $1 billion primarily intended for purchasing XRP on the open market [2] - Evernorth's strategy includes generating returns for shareholders while enhancing XRP's utility and adoption, maintaining independent governance but receiving strategic advisory from Ripple executives [3][4] Company Strategy - Evernorth aims to capitalize on traditional finance yield generation strategies and explore decentralized finance (DeFi) yield opportunities, contributing to the growth of the XRP ecosystem [3] - The firm plans to engage in validator operations, DeFi, and market development by providing liquidity and participating in projects that advance XRP [5] - Evernorth's $1 billion XRP treasury would position it as the largest publicly traded XRP reserve, with other firms also planning significant XRP acquisitions [6]

Core Insights - The cryptocurrency industry is experiencing a surge in public listings, with Blockchain.com negotiating a potential SPAC deal to go public in the U.S. [1][2] - Blockchain.com has seen significant fluctuations in its valuation due to market volatility, with a peak valuation of $14 billion in 2022 and a current valuation of $7 billion as of November 2023 [2] - The company is expanding its operations into several African countries, including Ghana, Kenya, and South Africa [3] Group 1 - Blockchain.com is in discussions for a potential SPAC transaction, having appointed Cohen & Company Capital Markets as an advisor [1] - The SPAC process allows companies to raise funds through an IPO and acquire a target company to achieve indirect listing within 18-24 months [1] - Other cryptocurrency companies, such as Circle, Bullish, and Gemini, have also gone public this year, with Kraken planning to list in early 2024 [2] Group 2 - Blockchain.com raised $300 million in March 2021, achieving a post-money valuation of $5.2 billion, which increased to $14 billion in subsequent funding rounds [2] - The company has appointed experienced executives, including Justin Evans as CFO and Mike Wilcox as COO, signaling readiness for a public listing [2] - Evans indicated that the exchange is taking necessary steps to become a public company, contingent on favorable market conditions [2]

Austin wrapped. The Atlassian @WilliamsRacing Fan Zone presented by Kraken brought the energy.See you at the next stop! https://t.co/tsINUnl4tp ...

Market Position - USELESS is identified as the most accumulated memecoin in the past week, surpassing FARTCOIN, WIF, and SPX [1] - USELESS consistently demonstrates higher trading volume than most memecoins (excluding DOGE) on major exchanges like Coinbase and Kraken for a week [1] - USELESS maintains a leading position in on-chain activity among all memecoins [1] - USELESS is achieving new all-time highs (ATHs) in holder numbers daily [1] Future Outlook - The report suggests that USELESS is poised for a significant upward movement, anticipating a market upturn [1]

@animecoin Learn more 👇https://t.co/zUCDtFkrDD ...