Trading
XRP’s next rally could put this 115 million-token short under pressure
Leveraged funds doubled their net short even as CME open interest climbed almost 40% and XRP recovered from $1.
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Latest stories
Digital Asset Treasuries
Evernorth’s XRP strategy hinges on one number after Nasdaq vote
The firm can authorize up to 10 billion shares, but its pitch to investors rests on growing XRP faster than its diluted share count.
ETF
Why this XRP ETF could drift from XRP price as fees, trading costs and fund structure stack up
The allocation follows the fund’s securities floor while adding another listed product’s fee, pricing and legal structure.
Analysis
XRP crashes 37% in one Bitstamp wick while the wider market tells a different story
Kraken and OKX showed far smaller ranges, and $3.66 billion in XRP open interest remained after the liquidation wave.
Debt
Ripple relies on locked XRP reserves to back a $275 million institutional credit line
KBRA’s BBB rating gives Ripple Prime investment-grade access, but expected parent support and mostly escrowed XRP remain central to the credit case.
Digital Asset Treasuries
Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive
Its holdings were valued at $5.21 million on June 30, while order economics and sale timing remain undisclosed.
ETF
21Shares XRP ETF loses 54% of assets as redemptions lock in $13.4 million loss
TOXR assets fell from $247.7 million to $112.9 million during the first half as investors withdrew capital and the token dropped nearly 43%.
ETF
Investors poured $82 million into Canary’s XRP ETF, but falling prices erased double what they put in
Unrealized XRP depreciation erased nearly twice the value added by net capital-share activity as token holdings rose 31.7%.
Analysis
Bitcoin, XRP, Solana and Tron beat Ethereum and Cardano every month since 2022 on investor buying
Putting $100 into crypto every month since 2022 produced a 195% gain in TRX but left Cardano buyers down more than 50%.
ETF
Investors poured millions back into Grayscale’s XRP fund, but a $16.8M market hit instantly wiped out the comeback
A devastating six-month bleed has wiped $165 million from Grayscale's XRP trust through a toxic mix of mass exits and market crashes.
ETF
Italy’s biggest bank just slashed its Bitcoin ETF call position by 99% to triple down on staked Ethereum
A 500,000-share-equivalent held put appeared in Q2, but the filing cannot reveal the bank’s net options exposure or motive.
Deals
Over 400 million locked XRP faces a quiet October deadline as the Evernorth SPAC takes a $135,000 lifeline
The SPAC draw is separate from Arrington’s conditional Oct. 19 termination point, while other subscriber dates remain undisclosed.