The 'Largest Pure-Play' XRP Treasury Is About to Go Public

In briefEvernorth cleared its final hurdle to go public after Armada Acquisition Corp. II shareholders approved their merger Sept. 30.The transaction and related placements raised over $1 billion for what the company calls the largest publicly traded pure-play XRP treasury.Backed by Ripple, Pantera, Kraken and others, it joins the crypto-treasury trend, with fortunes tied to XRPs volatile price.  Evernorth, a treasury company built around XRP, has cleared the last major obstacle to going public, with shareholders approving its merger and setting the stage for a Nasdaq listing next week.  The company said Wednesday that shareholders of Armada Acquisition Corp. II, the blank-check company Evernorth is merging with, voted to approve the business combination at a meeting Sept. 30.  Myriad: Where does XRP go next? Click to make your prediction.  The deal is expected to close Oct. 7, with Evernorths Class A common stock slated to begin trading Oct. 8 under the ticker “XRPN.”  The merger and related fundraising have pulled in more than $1 billion. The transaction is expected to generate roughly $300 million in gross cash proceeds, including $225 million from private placements, $30 million in convertible note financing and about $48 million in trust proceeds, before expenses.  Investors also contributed XRP directly, and at

2 دن پہلےانڈسٹری

TRUMP memecoin launches dinner contest for top 185 holders as token falls 97%

TRUMP memecoins organizers have opened a contest offering 185 holders seats at a Nov. 22 dinner featuring President Donald Trump, with the token trading around $2.04 on Oct. 1, roughly 97% below its peak.  Fight Fight Fight LLC, the company operating the TRUMP Coin Club, has announced a gala at Trump National in Washington, D.C., with eligibility determined by a Nov. 12 snapshot. According to the event page, Trump will appear alongside three advertised celebrity guests, described as “legends.”  The organizers also list a separate meet-and-greet with a celebrity whose identity has yet to be announced, while explicitly excluding private presidential meetings.  TRUMP memecoin dinner rewards sustained holdings  Under the published leaderboard rules, participants receive scores based on how many tokens they hold and how long they retain them during the measurement period. The event page says standings update daily, with the top 185 qualifying for dinner and the top 29 receiving a VIP reception and front-row dinner seating.  For existing Coin Club members, the organizers require a separate dinner registration. According to the registration page, membership or participation in an earlier contest does not automatically enter a holder into the November competition.  The event page lists Sep. 30 through Nov. 12 as the scoring window.

2 دن پہلےانڈسٹری

OpenAI Fires Three Safety Researchers Over Alleged Leak to Outside Group

In briefOpenAI confirmed it parted ways with three people for violating policies on handling sensitive information, which they allegedly shared with an outside AI safety organization.OpenAI has not identified the three people or the receiving group, and names circulating on X are unconfirmed rumors.The case follows months of OpenAI agent incidents—at Hugging Face, U.S. government sites, and an Australian Medicare portal—and two pauses in model training.  OpenAI has parted ways with three safety researchers who allegedly shared confidential company information with an outside AI safety organization, per the Wall Street Journal.  An OpenAI spokesperson said the three violated company policies on accessing and handling sensitive information.  Myriad: Which company will IPO next? Click to make your prediction.  OpenAI hasnt said what information changed hands, which organization received it, or who the three people are.  Speculation filled the gap fast. An X account that tracks AI-lab departures posted a run of exits from OpenAI and Anthropic, and many users tied a few of those names to the firings. Nothing confirms a link, people leave labs for plenty of reasons, and the accounts have not said anything about being fired or resigning.  OpenAI departures, according to a tracker on X. Image: X/ArfurGrokSafety exits are not new at OpenAI  Safety

2 دن پہلےانڈسٹری

Bond yield explosion gives Bitcoin a strong signal – is now finally Satoshi’s time?

Bitcoins monetary case is growing stronger as governments face more expensive borrowing, and software is becoming a buyer of services. Sovereign financing pressure gives people a reason to consider money issued outside government policy. Agent commerce gives that money another way to circulate.  Related Asset Bitcoin #1 BTC · $84,776.45 24-hour change: up 1.33% Loading price history… 24H Up 1.33% 7D Up 0.26% 30D Up 9.80%  The Bank of England put sovereign-bond stress and the borrowing that finances artificial intelligence in the same warning on September 30. Its financial-stability record describes an extended energy shock pushing government yields higher, while growing AI-related debt leaves more investors exposed to the technologys fortunes.  I see a credible catalyst for hyperbitcoinization in that combination. A transition toward Bitcoin as widely used money would require people and businesses to hold it, spend it and price services in it. If they retain bitcoin for future purchases, more payment utility could reinforce demand for the balance itself.  On the same day as the Banks warning, Mastercard announced new trust and intelligence services for its Agent Pay program, including a score designed to identify AI-initiated transactions. That score is rolling out for testing in the United States.  Related Company Mastercard Global payments

2 دن پہلےانڈسٹری

Bitcoin Price Begins 'Uptober' With a Swing Back to $85K

Bitcoin opened the new month with seesaw price action, hovering near $85,000 after hitting resistance above that level and finding support near $83,500.  Key TakeawaysBitcoin rose to $85,000 on Oct. 1 following Wednesdays PCE data release, easing year-to-date losses.Coinglass data shows daily bitcoin liquidations plunged to just $35 million as market volatility cooled.Citigroup raised its 12-month Bitcoin price target to $113,000, forecasting $5 billion in net ETF inflows.  Seasonal Sentiment Shifts to Uptober  Bitcoin marked the start of the new month facing resistance above $85,000 as the leading cryptocurrency by market cap experienced typical seesaw price action. The uptick near the $85,000 mark followed Wednesdays release of better-than-expected personal consumption expenditures (PCE) data. The price movement came just hours after bitcoin closed September with net gains, marking its second consecutive positive month.  The rare winning streak has shifted market focus toward seasonal “Uptober” sentiment, a historically bullish October trend for digital assets, with prominent, pseudonymous quantitative analyst PlanB going so far as to assert that bitcoin remains “extremely undervalued.”  According to market data, bitcoins price began the period by sliding from $84,410 to $83,500, a threshold where it appeared to find strong support. After holding this range until late Wednesday, the cryptocurrency suddenly rallied to

2 دن پہلےانڈسٹری

NEAR Intents resumes service after $3.8M exploit, pledges full compensation

NEAR Intents has resumed service after a $3.8 million exploit affecting USDT on BSC, with co-founder Illia Polosukhin promising full compensation for affected users.  SummaryThe attacker exploited Omnis deposit and withdrawal interaction with the NEAR Intents smart contract.Polosukhin said the team fixed the vulnerability within an hour of detection.NEAR Intents and near.com returned online, although some affected chains remained restricted.The core NEAR Protocol, NEAR token, and other applications were unaffected, according to Polosukhin.  NEAR co-founder Illia Polosukhin said on Oct. 1 that the team had restored NEAR Intents and near.com after temporarily pausing the service when its SHIELD security system detected unusual activity.  Earlier today, NEAR Intents was exploited for $3.8m. SHIELD, the AI security layer on Intents, detected outlier behavior and Intents were temporarily paused. All of the affected users will be compensated in full.  In his account of the incident, Polosukhin placed the loss at $3.8 million and said the vulnerability involved the interaction between Omnis deposit and withdrawal infrastructure and the NEAR Intents smart contract. He limited the affected asset and network to USDT on BSC.  “All of the affected users will be compensated in full.”  You might also like:  NEAR Intents says it stopped $50M Bitget laundering bid  NEAR Intents fixes the vulnerability within

2 دن پہلےانڈسٹری

It's the Start of Uptober. Will Bitcoin Live Up to It?

In briefBitcoin trades at $83,823 on the daily chart. Technical indicators suggest a strong uptrend, but BTCs price remains stuck below $84,433.Myriad traders put 48% odds on a $90,000 Bitcoin high in October and 7% on a new all-time high before 2027.The Fed hiked rates to 3.75%-4% on Sept. 16 and the 10-year yield hit 5.289%, while spot ETFs logged $148.69 million in outflows on Sept. 30.  Its the start of October, otherwise known as “Uptober” in crypto circles for its historically stellar market performance, marking the end of “Red September”—which turned out not to be so red after all. So how will Bitcoin fare?  Bitcoin is starting October at $83,823, up 0.28% on the day, after a September that was on pace to be its best on record—until the last moment.  Myriad: How high will Bitcoin go? Click to make your prediction.  Bitcoin was up 7.33% for the month, with one trading day left, edging past 2024s 7.29% record for September. In the end, a correction made the coin close the month with a 6.33% gain; still green, still defying the Red September curse, but not a historical performance anymore.  Now comes the month crypto calls Uptober. October has returned 19.92% on average for

2 دن پہلےانڈسٹری

Bitcoin ETFs Lose $149M as Fidelity Leads Broad Selling

U.S. bitcoin ETFs snapped a nine-session inflow streak on Wednesday with $148.69 million in net withdrawals, as selling spread across most major crypto funds. Ether, solana, zcash and HYPE ETFs also finished lower, while the newly launched NEAR fund was the days lone bright spot.  Key TakeawaysBitcoin ETFs lost $148.69M on Wednesday, ending a 9-session inflow streak worth roughly $3B.Broad selling hit ether, solana, zcash and HYPE, while Bitwises NEAR ETF alone drew inflows.The key test now is whether ETF demand stabilizes after Septembers sharp institutional rebound.  9-Day Inflow Streak Ends for Bitcoin ETFs  The month ended with a sharp change in tone.  After nearly two weeks of persistent institutional buying, bitcoin ETFs moved decisively into the red. The $148.69 million outflow on the last day of September was led by Fidelitys FBTC, which shed $125.58 million alone.  Bitwise‘s BITB lost another $13.63 million, while Blackrock’s IBIT posted a $9.48 million exit. No bitcoin fund recorded an inflow, with trading volume reaching $2.36 billion and net assets closing at $107.98 billion.  The reversal ends a nine-day stretch that had pushed roughly $3 billion into the products. For investors tracking bitcoin‘s price alongside ETF flows, Wednesday’s outflows offer the first meaningful test of whether recent institutional accumulation

2 دن پہلےانڈسٹری

UKs 2027 crypto rules could block new business with existing customers

The Financial Conduct Authority opened its authorization gateway for the new UK crypto rules on Sept. 30, starting an application window that can protect existing Bitcoin providers ability to keep serving UK customers and take new business if approval is still pending when the full regime begins.  Related Asset Bitcoin #1 BTC · $84,499.21 24-hour change: up 0.44% Loading price history… 24H Up 0.44% 7D Up 0.12% 30D Up 9.09%  The window closes Feb. 28, 2027. The full regime starts Oct. 25, 2027, according to the FCAs announcement. February is the deadline for qualifying for the saving provision, a temporary protection for pending applicants, rather than a date when Bitcoin services must immediately stop.  For eligible existing firms applying within the window, an undecided application at commencement can allow the relevant services to continue, including new business. The protection covers the activities in the application, so it does not amount to unrestricted permission for every service a platform offers.  The statutory protection is bounded: the saving chapter expires two years after full commencement, and submitting an application does not guarantee authorization.  The protection can also cover a refusal still open to review. But the FCA can direct such a firm into restricted run-off when necessary

2 دن پہلےانڈسٹری

New York, Wyoming regulators sign pact to coordinate crypto oversight

New York and Wyoming financial regulators have signed an agreement to coordinate oversight of crypto companies operating across both states, including licensing, examinations and potential enforcement actions.  The Memorandum of Understanding (MOU), announced Thursday by the New York State Department of Financial Services (NYDFS) and the Wyoming Division of Banking, applies to firms already regulated in either state and those seeking approval in both jurisdictions.  Under the agreement, the regulators will share analysis and historical examination data to streamline applications, coordinate examination schedules and work toward joint examinations of companies operating in both states.  The agreement also provides an expedited pathway for certain firms already regulated in one state that seek approval in the other. Companies operating under an existing license or charter for at least three years and not subject to enforcement action could receive an expedited review, with the second regulator aiming to reach a decision within six months.  The MOU establishes protocols for sharing supervisory reports, market trend data and notifications about potential enforcement actions. The regulators will periodically share investigative information and may undertake enforcement actions jointly, in coordination or separately.  The agreement links two states that have historically taken different approaches to crypto regulation. New York has maintained its BitLicense

2 دن پہلےانڈسٹری
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