Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Ripple-tied Evernorth plans a $1 billion listing to build XRP treasury. Jack Dorsey stirred new debate over Bitcoin’s status in the crypto world, and ex–New York Governor Andrew Cuomo is leaning on crypto and AI as key platforms in his NYC mayoral bid.
Evernorth Holdings, a digital asset company with ties to Ripple Labs, announced plans to go public through a merger with Armada Acquisition Corp. II, a Nasdaq-listed special purpose acquisition company (SPAC), in a move aimed at tapping growing institutional demand for publicly traded digital asset treasury firms.
The transaction is expected to generate more than $1 billion in gross proceeds, including a $200 million investment from Japan’s SBI Holdings, a company with historical ties to SoftBank. Additional backing is expected from Ripple, Pantera Capital, Kraken and GSR, the company said.
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