Category: Reviews

Evernorth to Build World’s Largest Institutional XRP Treasury via $1B SPAC Merger

Key Notes SBI Holdings leads a $200 million commitment alongside Ripple, Pantera Capital, and Kraken, with Brad Garlinghouse serving as strategic advisor. The company will actively manage XRP holdings through institutional lending and DeFi yield generation rather than operating as a passive ETF vehicle. Evernorth’s $1 billion commitment dwarfs existing corporate XRP treasuries like VivoPower’s $100 million and Nature’s Miracle’s $20 million allocations. Evernorth Holdings Inc. will go public via a SPAC merger with Armada Acquisition Corp II. The company aims to build the world’s largest institutional XRP XRP $2.51…

How Elon Musk Triggered 27% Floki Inu (FLOKI) Price Rally

Key Notes Musk’s post drove FLOKI’s market cap above $830 million, marking its strongest performance since early October with renewed investor interest. Trading volume exploded to $540 million as the memecoin community speculated on potential triple-digit gains similar to 2023’s rally. Technical analysis shows a falling wedge pattern with potential breakout targets at $0.00011 and $0.00037 if bullish momentum holds. Floki Inu FLOKI $0.000080 24h volatility: 18.9% Market cap: $777.61 M Vol. 24h: $473.70 M price rallied 20%, reaching a 10-day peak of $0.00009 on Oct. 20, propelled by a…

Binance Founder CZ Predicts Bitcoin will Surpass Gold’s $29.67T Market Cap

Key Notes CZ forecasts Bitcoin overtaking gold’s $29.67 trillion valuation though timing remains uncertain. Gold achieves five consecutive daily all-time highs last week reaching $4,380 per ounce on Friday. Bitcoin trades at $110,646 after recent volatility while gold whales accumulate tokenized exposure through XAUt and PAXG. Changpeng Zhao (CZ), Binance founder and one of crypto’s most well-known figures, made a bold prediction on Oct. 20, claiming, “Bitcoin BTC $110 305 24h volatility: 1.0% Market cap: $2.20 T Vol. 24h: $59.88 B will flip gold,” referring to both assets’ market capitalization.…

Blockchain.com Eyes Public Listing Through SPAC Deal Amid Crypto IPO Surge

Key Notes The crypto exchange has been preparing for a public debut since 2021, raising funds at valuations ranging from $5.2 billion to $14 billion. Leadership expansion includes appointments of CFO Justin Evans, COO Mike Wilcox, and board members from KPMG and JPMorgan backgrounds. The move follows successful 2025 public listings by Circle, Bullish, and Gemini, reflecting growing investor confidence in digital assets. Blockchain.com, a leading crypto exchange and wallet provider, is considering a US public listing via a SPAC deal, sources say. The company engaged Cohen & Company Capital…

Bitcoin Miner CleanSpark Expands Into AI Data Centers, Stock Surges 14%

Key Notes The firm hired Jeffrey Thomas, who led Saudi Arabia’s multi-billion AI data center initiative, to spearhead operations. CleanSpark secured power and real estate in College Park for Atlanta-area AI compute deployment with more facilities planned. Top Bitcoin mining stocks rose average 9.72% despite broader crypto decline, with global AI spending projected to hit $2 trillion by 2026. Las Vegas-based Bitcoin BTC $110 839 24h volatility: 1.9% Market cap: $2.21 T Vol. 24h: $60.63 B mining firm CleanSpark announced plans to expand into the development and operation of artificial…

UK Opens Bitcoin & Ethereum ETPs to Retail Investors

Key Notes BlackRock’s iShares Bitcoin ETP, physically backed by BTC and custodied via Coinbase, is now available to UK investors. 21Shares, WisdomTree, and Bitwise launch their BTC and ETH ETPs, with low management fees. Retail investors can now access these products through UK-regulated brokers and accounts such as ISAs and SIPPs. Top global asset managers like BlackRock, 21Shares, WisdomTree, and Bitwise have opened access to Bitcoin BTC $111 143 24h volatility: 2.6% Market cap: $2.21 T Vol. 24h: $57.87 B and Ethereum ETH $3 975 24h volatility: 0.1% Market cap:…

US Crypto User Loses $3 Million to Hacker

Key Notes ZachXBT shared that a US crypto user has fallen victim to a scam that left his wallet with a $3 million hole. The hacker has transferred the funds through bridges and laundered them on OTC venues adjacent to Huione. Crypto scams are growing, with the US government and authorities devising crackdown models. Another crypto hacker is on a rampage and has now stolen $3 million in digital assets from a citizen of the United States. According to onchain investigator ZachXBT, the bad actor has swapped the siphoned funds…

LINK Up 10% as Whales Accumulate, More Gains Ahead?

Key Notes LINK surges 10% in 24 hours amid heavy whale accumulation. Over $116 million worth of LINK withdrawn from exchanges since October 11. Chainlink expands major partnerships with Swift, DTCC, and Euroclear. Chainlink’s native token, LINK [NC], has staged a strong comeback, surging nearly 10% in the past 24 hours as trading volume doubled. The move comes amid aggressive whale accumulation and broader crypto market surge on October 20. According to on-chain data shared by Lookonchain, 30 new wallets collectively withdrew 6.25 million tokens since October 11, when LINK…

Major AWS Outage Rocking Crypto World, Is Coinbase Affected?

Key Notes Amazon Web Services suffered a congestion in its network. As the powerhouse of many websites, this incident has affected Coinbase and several other top companies. Changpeng Zhao is urging Coinbase to list more BNB projects amid growing spotlight. A sudden disruption of Amazon Web Services (AWS) has left several big platforms and websites like Coinbase in confusion. Airlines, crypto platforms, banks, and even social media platforms were negatively impacted by the outage. AWS later came out to say it is now “seeing significant signs of recovery” and most…

21Shares Amends S‑1 for Spot DOGE ETF — Analyst Eyes $0.86

Key Notes DOGE jumped 7.31% in 24 hours, outperforming the broader crypto market. 21Shares updated its S-1 filing for its spot Dogecoin ETF with the SEC. An analyst forecasts a potential rally toward $0.86 if momentum continues. Dogecoin DOGE $0.20 24h volatility: 3.2% Market cap: $30.31 B Vol. 24h: $2.01 B price increased by more than 7% over the past 24 hours, outperforming the broader crypto market’s 4% rise. The leading meme coin is currently trading near $0.20, pushing its market capitalization to $30.4 billion. According to the data by…