Из жизни альткоинов

The XRP community might finally have a reason to celebrate as the United States Senate has just voted 60-40 to advance a bill that would reopen the federal government, a major step toward ending the longest shutdown in American history. This vote could be the moment everything changes for the crypto market, and especially for holders.

Now that lawmakers are working to restore government operations, the next outlook is what could come next once the SEC returns to full capacity, and it opens up the question of whether Spot XRP ETFs will soon get approved.

Senate Vote Brings Hope for XRP ETF Decisions

Monday’s 60-40 Senate vote brought a sigh of relief to markets and set the stage for a final House vote as early as Wednesday. The bipartisan measure, if approved, will unlock government funding and allow regulators, including the SEC, to resume their normal operations after more than a month of near standstill.

During the shutdown, SEC staff responsible for reviewing ETF filings were furloughed, effectively freezing dozens of applications from major asset managers. This included those for Dogecoin, Cardano, Solana, and most notably, XRP ETFs, which had already crossed their decision deadlines in October. 

It is important to note that the agency had issued new procedural guidelines for ETF filings shortly before the shutdown to make approvals much easier and faster, but the freeze effectively stalled all progress.

Although there is still work to be done for the shutdown to end, the focus is now on how quickly the SEC will resume its backlog once operations restart. There is enough optimism that the XRP ETF filings, which have witnessed significant public attention, could be among the first to move forward once reviews begin again.

Spot ETFs Waiting For the Green Light

XRP is currently the third biggest cryptocurrency in terms of market cap (minus stablecoin USDT), so it is only natural that it becomes the next cryptocurrency with tradable Spot ETFs in the US market. 

Several major firms have filed for spot XRP ETFs over the past few months, hoping to bring the same level of institutional exposure to the altcoin that Bitcoin and Ethereum are enjoying. Among those in line are Grayscale, Bitwise, 21Shares, and CoinShares. These issuers had expected SEC responses in October, but the government shutdown disrupted the timeline.

There are already different XRP futures and leveraged ETFs available, but they do not cause the same sort of buying pressure as Spot XRP ETFs. Unlike futures-based ETFs, Spot ETFs actually hold the underlying asset, in this case, XRP. That means investors could gain direct exposure through traditional brokerage accounts without holding the tokens themselves. 

The market impact could be massive once these Spot ETFs are approved. Institutional demand flows in once a regulated product becomes available, just as it did with Spot Bitcoin and Ethereum ETFs. Therefore, Spot XRP ETFs will mean a rise in price and liquidity for the cryptocurrency.

Steven McClurg, CEO of Canary Capital, has said that XRP could outperform Solana once its exchange-traded fund (ETF) is launched, particularly in terms of inflows and trading volume. 

In a recent interview, McClurg responded to a question comparing Solana’s strong ETF debut to what might be expected from XRP, stating that the token would probably double what Solana did in its first week of ETF trading. 

His comments are part of a growing confidence in XRP’s institutional positioning among crypto investors as the crypto industry prepares for the next phase of ETF approvals.

XRP’s Institutional Positioning Gives It An Edge Over Solana

McClurg explained that the altcoin’s structure as a financial service will give it a decisive advantage once its ETF goes live. Although XRP’s market capitalization is only about 50% higher than Solana’s, he believes its institutional presence will lead to institutional inflows into its ETFs that could be “100% or even 200% higher” than Solana’s.

He described XRP as an asset that appeals to financial institutions and enterprise investors rather than retail traders, emphasizing that this characteristic will allow its ETF to attract deeper, long-term capital. Solana, by contrast, was described as a token with greater retail exposure, supported mostly by trading activity rather than institutional demand.

To support his outlook, McClurg referred to the performance of the recently launched HBAR ETF, which drew $70 million in inflows within just three days of listing. 

HBAR’s market cap and trading volume are relatively very low compared to other large market cap cryptocurrencies, but it was able to attract notable inflows into its ETF products. McClurg attributed this success to its recognition among enterprise and institutional investors. The altcoin could follow a similar pattern, as both tokens share a reputation for being used within established financial frameworks.

Solana’s ETF Success Sets A Benchmark

Spot XRP ETFs are yet to hit the market, but Solana is already up and running with Spot ETFs from Bitwise and Grayscale. These Spot Solana ETFs are currently on 11 consecutive days of inflows, amounting to $199.21 million in their first week and $136.50 million in the second. 

Although these figures are low compared to how Spot Bitcoin and Ethereum ETFs performed in their first week, they are notable because they come at a period when both Bitcoin and Ethereum are witnessing outflows from their respective ETFs. These highlight the scale of investor appetite for digital asset ETFs and set a high bar for XRP to surpass.

Several funds are expected to launch in November 2025, following their recent listing on the DTCC platform. Canary Capital’s Spot XRP ETF is slated to launch on Nasdaq on November 13th, followed by others from firms like Franklin Templeton, 21Shares, Bitwise, and CoinShares. While DTCC listings confirm the operational infrastructure is in place, the ETFs still require final SEC approval, which is currently being delayed due to the ongoing government shutdown.

As Exchange-Traded Funds (ETFs) gain massive adoption and recognition in the crypto landscape, an XRP Spot ETF is being hyped as the next potential fund. After Solana registered significant capital inflows following its launch, the token is believed to experience a similar success and even beyond.

If Approved, The XRP ETF Will Surpass Solana

Even though an XRP Spot ETF is yet to hit the market, the fund is already gathering robust attention in the broader cryptocurrency sector. Presently, a bold prediction concerning the anticipated fund is shaking up the crypto conversation.

The latest prediction comes from Steven McClurg, the Chief Executive Officer (CEO) of Canary Capital, during his interview with Paul Barron. According to the CEO, an XRP spot ETF would not merely match the recent success of the Solana spot ETF; rather, it is likely to outperform it.

McClurg’s statement underscores his belief that the token might be the next, and possibly larger, institutional gateway, since Solana ETFs have already demonstrated the viability of altcoin-based spot products. When the fund secures approval from the United States Securities and Exchange Commission (US SEC), it is set to be one of the most transformative moments in XRP’s history.

In the interview on the Paul Barron channel, McClurg forecasted that the impending funds would probably double what Solana did in its first week of launch. The CEO points to the altcoin’s liquidity, global utility, and clearer regulatory path, which are fueling his anticipation of major institutional inflows ahead.

To back up his claims, McClurg stated that the altcoin bears similar qualities to HBAR. Compared to both tokens, HBAR’s market cap is low, but the altcoin was able to attract $70 million in ETF inflows in a three-day window after its launch. This was driven by its institutional recognition and the ideal type of interest, which XRP also has. With XRP already ahead of SOL by 50%, this could give it an edge over SOL.

While SOL is often seen as a retail token, XRP is more of a financial services, enterprise, and institutional token. Adding all of these features to an ETF would lead to 100% or 200% of SOL ETFs’ capital inflows for the altcoin.

Futures And Spot Volumes Are On The Rise

Given the bullish performance of the XRP ETF futures and spot, McClurg’s forecast is not far off. Data from X Finance Bull, a web3 enthusiast, shows that the futures and spot are printing green across the market, indicating a dramatic change in momentum as institutional funds start to return to the asset.

There is now over $840 million in Asset Under Management (AUM) flowing into active XRP-based ETFs after months of uncertainty and sideways trading. These funds, which provide utility to the market, were previously criticized following their introduction. However, it is the utility that is currently performing better in the sector.

X Finance Bull has also showcased his robust conviction and expectations toward the XRP spot ETFs. The pundit claims that the impending fund will attract billions to trillions in trading volume if it wins approval from the US SEC.

A technical debate erupted on X after on-chain analyst Willy Woo published what he called a “DUMMIES GUIDE TO BEING QUANTUM SAFE,” urging Bitcoin holders to migrate coins away from Taproot addresses (bc1p) to SegWit bc1q or older P2PKH/P2SH formats and to avoid spending until post-quantum protections are available.

How To Make Bitcoin “Quantum-Safe”

“In the past it was about protecting your PRIVATE KEY (your seed phrase). In the age of big scary quantum computers (BSQC) that are coming, you need to protect your PUBLIC KEY also. Basically a BSQC can figure out your private key from a public key. The present day taproot addresses (the latest format) are NOT safe, these are addresses starting with “bc1p” and they embed the public key into the address, not good,” Woo wrote on Nov. 11.

His argument hinges on a well-understood distinction in Bitcoin script types: Taproot (P2TR) encodes a public key directly in the output and address, while legacy formats like P2PKH/P2SH and SegWit P2WPKH hash the public key and reveal it only when coins are spent. That architectural difference matters in a future where a sufficiently powerful quantum computer could derive a private key from a revealed public key. Independent references note that P2TR indeed carries a public key in the output, whereas P2PKH conceals it until spend time.

Woo’s interim playbook is blunt: move UTXOs to bc1q (or “1”/“3”) addresses, continue receiving to that address, but “NEVER send BTC out of it” until Bitcoin ships a quantum-resistant upgrade—at which point holders should move during low congestion, minimizing the window in which a public key is exposed in the mempool: “Send your BTC into the new quantum safe address when the network is NOT congested, once you send, you reveal the private key for a short time. It’s unlikely a BSQC will steal your coins in that short window.”

He also warned that P2PK “Satoshi-era” outputs are most at risk and suggested that lost coins with prior spending history could be vulnerable. “Satoshi’s 1M coins using an ancient P2PK address will be stolen (unless a future softfork freezes them),” he wrote, adding that ETFs, treasuries, and exchange cold storage “can be quantum resistant if the custodians take action” well before any soft fork.

Woo characterized industry expectations as “2030 onwards” for the arrival of “Q-Day,” while stressing that standards for quantum resistance are already rolling out across the wider cryptography space.

Former Bitcoin Core maintainer Jonas Schnelli agreed with the hygiene but pushed back on the framing. He called Woo’s plan a prudent mitigation for unspent coins—“P2PKH gives you years of protection while Taproot exposes your pubkey immediately”—yet rejected the term “quantum safe.”

In Schnelli’s view, the moment any spend is broadcast, “your pubkey hits the mempool. A quantum attacker could crack your key and RBF double-spend before your transaction confirms (~10 minutes).” He concluded: “It’s a smart precaution, not a permanent solution.”

At press time, BTC traded at $104,693.

Комиссия по ценным бумагам и биржам США (SEC) подготовила проект руководства по классификации криптоактивов, основанного на тесте Хауи. Ведомство хочет наконец прояснить, какие цифровые активы считаются ценными бумагами, а какие товарами, заявил председатель SEC Пол Аткинс (Paul Atkins).

Asset manager Canary Capital is set to launch its XRP ETF after completing the final step of the application process. This development comes despite the U.S. government shutdown, which has delayed the other XRP ETFs to date. 

Canary XRP ETF Prepares For Launch With Form 8-A Filing 

The Canary XRP ETF is set to launch following the asset manager’s Form 8-A filing with the SEC. The filing shows that the firm has gotten approval from the Nasdaq to list shares of its fund on the stock exchange. This comes after Canary amended its S-1 to remove the delay amendment, enabling its XRP ETF to launch pending approval from Nasdaq, which it has now secured. 

The Canary XRP ETF is expected to go live tomorrow, according to journalist Eleanor Terrett. The fund will become effective today upon Nasdaq’s certification of its listing. With this, Canary’s XRP fund will become the first ‘33 Act XRP ETF to launch, making it the first to provide 10% spot exposure to XRP. 

Notably, the U.S. government shutdown had delayed the launch of Canary’s XRP ETF and other pending crypto ETFs, which could have gotten the SEC’s approval as early as last month. However, since the SEC hasn’t been able to make their registration statements effective, these fund issuers have taken this route of removing the delay amendment in order to gain auto-effective approval. 

Bitwise and Grayscale have also amended the S-1 for their applications and could launch soon after Canary’s fund goes live. Moreover, the U.S. government shutdown is set to end this week, potentially allowing the SEC to approve the pending fund applications as early as next week. 

The Industry Has Come A Long Way

Market expert Nate Geraci highlighted how the crypto industry has come a long way with the imminent launch of the Canary XRP ETF. He noted that just over a year ago, the SEC appealed the court’s decision that the altcoin did not meet the legal definition of a security. Now, the first ‘33 Act spot XRP ETF is set to launch with the commission’s blessing. 

In line with this, Geraci described the crypto regulatory shift over the past year as night and day. The funds are expected to record strong demand upon their launch. Geraci had previously alluded to the demand for the CME XRP futures and futures XRP ETFs as evidence that these spot funds will see strong inflows. Canary Capital CEO Steven McClurg has predicted that funds could see up to $10 billion in inflows in their first month. 

At the time of writing, the XRP price is trading at around $2.39, down over 4% in the last 24 hours, according to data from CoinMarketCap.

Ethereum’s recent price action is now being met with robust investor action, especially those on centralized exchanges. As ETH slowly recovers from its pullback, a significant portion of the leading altcoin held on crypto exchanges is leaving these platforms, reducing the risk of a sell-off.

A Steady Drop in Ethereum Exchange Balances

In the midst of fluctuating price actions, Ethereum investors are exhibiting a trend that is becoming nearly impossible to ignore. On-chain data shows that more ETH is subtly slipping out of the hands of cryptocurrency exchanges. According to the report from Mister Crypto, a market expert and investor, the supply of ETH on centralized platforms has been on a downward trend for some time. Although the price of ETH surged to a new all-time high, the metric was still trending downward.

In a market where exchange outflows frequently precede supply bottlenecks and positive sentiment, the increasing withdrawals of ETH are telling a powerful tale of confidence, accumulation, and long-term conviction. Another bullish implication of this steady withdrawal from exchanges is the possible reduction of selling pressure.

As investors pull out of exchanges, they are choosing to hold in self-custody, rather than trade their coins or get ready for something greater. The report from Mister Crypto reveals that over 700,000 ETH has been taken from centralized platforms. 

This substantial amount of ETH withdrawals was carried out within a 30-day time frame, reducing liquidity and tightening the available supply. Mister Crypto claims that the steady outflows are bullish for Ethereum, which is likely to trigger price spikes in the short term.

Binance Balance Drops To New Lows

The drop in Ethereum exchange balance is highly evident on Binance, the largest ETH trading platform by volume. Data from Binance, shared by Arab Chain in a quick-take post, shows that the supply on the platform has been in a clear downward trend since mid-year.

Following its peak in June and July, the balance fell dramatically through November to the 0.0327 level, marking its lowest level since last May. This steady decline in the amount of ETH available on exchanges usually denotes a transfer of coins into private or cold wallets. Such an action is considered a medium to long-term bullish pattern, as the decrease lessens market pressure.

Arab Chain further highlighted that Ethereum’s price peaked in August and September 2025 between $4,500 and $5,000 before declining to $3,500 currently. Interestingly, this price reduction coincided with the drastic drop in supply, implying that after making a profit, traders might have taken their coins to prepare for longer-term holdings.

While a continuation of the trend will decrease liquidity available for sale, it could support the likelihood of price stability and a return to an upside direction, as market risk appeal grows. However, Arab Chain has underlined the importance of continued weak demand or reduced network activity, which could trigger sideways price movements or a decline in the short term.

In general, ETH’s market is now entering a transitional phase, with investors seemingly acquiring and holding, possibly paving the way for a new bull run under fundamental or technical catalysts.

Broadcasting on November 11 from “warm, sunny Colorado,” Cardano founder Charles Hoskinson said he expects RealFi to become the dominant liquidity engine across the Cardano–Midnight stack and push on-chain value to the billion-dollar mark within the next year. “RealFi will be the TVL monster for Cardano and Midnight alike. Billions and billions of dollars,” he said, adding a concrete target: “I want a TVL of over a billion dollars by the end of 2026.”

How Hoskinson Wants To Achieve A $1 Billion Cardano TVL

The pledge situates RealFi—Cardano’s long-trailed push into micro-lending and real-world credit rails—as the centerpiece of a broader liquidity plan that spans Bitcoin inflows, privacy-preserving DeFi on Midnight, and trustless cross-chain settlement.

Hoskinson described Midnight as a fourth-generation crypto platform designed for “rational privacy, selective disclosure, and cooperative economics,” positioning it as a neutral L2-to-everyone that routes identity, compliance and privacy logic off-chain while settling into whichever networks hold users and liquidity. “Midnight’s dream is to be a layer 2 to everyone. You can deploy into Ethereum, you can deploy into Solana, you can deploy into Cardano,” he said.

He tied that architecture directly back to ADA demand and stake-pool economics. “Midnight exists as a smart contract on Cardano […] If Midnight is heavily used, it creates ADA usage,” Hoskinson said. Fees may be abstracted, but “there has to be ADA at the end of the rainbow,” with Midnight’s staking paying the Knight token to SPOs on Cardano so “you make ADA and Knight.” He argued this design increases transaction load on Cardano, broadens listings for Cardano-native assets, and opens “new revenue streams for stake pool operators.”

On interoperability, Hoskinson said the final stage of the Midnight rollout includes a bidirectional recursive-SNARK bridge with Cardano that removes traditional bridge operators. “On the Cardano side, we added BLS support […] both sides will have trustless bridging capability.”

He paired that with performance claims—“5,000 TPS and sub-second block time” for the proof-aggregation role—and fast settlement once Ouroboros Peras lands, framing Midnight as a proof engine and coordination layer that can fold the state of connected chains and return constant-size proofs “validated on a cell phone.”

The liquidity plan extends to Bitcoin and RealFi. On Bitcoin DeFi, Hoskinson said the team has “been able to source more than 24,000 BTC” that could move, while acknowledging the gating items are yield products and finalizing the technology stack. His RealFi comments were unequivocal: the initiative is “going to be a huge [expletive] thing next year,” with smart contracts “being written right now,” and he reiterated the thesis that peer-to-peer micro-lending across Africa, South America and Southeast Asia can anchor on-chain credit flows. “Billions and billions of dollars,” he said.

Midnight’s go-to-market cadence is built around privacy-first DeFi and cross-chain composability. Hoskinson wants privacy-enabled stablecoins and DEXs on Midnight and was explicit about his distaste for centralized, asset-backed stables: “They can be frozen at any time […] That’s not a cryptocurrency.” He pointed to algorithmic, private designs as the preferred path and said oracles and bridges will arrive via decentralized integrations rather than bespoke native rewrites. “When chainlink? […] We can just use a trustless bridge and proofs and trusted execution environments to ferry the information over.”

He also highlighted early traction metrics and community programs designed to accelerate adoption. On Midnight’s scavenger hunt, he claimed “in 21 days, more compute has been expended […] than the first few years of Bitcoin,” with detailed numbers promised at the upcoming Midnight Summit near London. For ecosystem growth, he plans to recruit and pay 500 Midnight ambassadors in 2026, funneling part of their remuneration into Midnight DeFi and targeting “hundreds of thousands of monthly active users” and significant cross-chain transaction flow.

The AMA featured an extended critique of the Cardano Foundation’s governance and incentive structure, which he argued has impeded critical integrations such as stablecoins. “It’s the wrong structure, wrong governance, wrong leadership,” he said, calling for community-elected board oversight and published KPIs. He contrasted that with what he called “tough love” for a maturing protocol: “Cardano’s grown up. It needs to go to college […] You never abandon your children. You just fundamentally change your relationship.”

At press time, ADA traded at $0.59.

Впервые за всю историю эволюции первой криптовалюты ни одно СМИ, ни один эксперт, ни один блогер за весь уходящий год не объявили Биткоин мертвым, объявили эксперты сервисов отслеживания 99Bitcoins и Bitbo.

Декабрь может стать «праздничным месяцем» для биткоина на фоне растущего спроса со стороны крупных инвесторов, заявили опрошенные изданием CoinDeck эксперты крипторынка.

Основатель Jan3 Самсон Моу (Samson Mow) объяснил падение курса биткоина действиями новых инвесторов, которые спешат продать криптовалюту, чтобы успеть зафиксировать прибыль.

Криптоиндустрия входит в новую эру развития благодаря привлечению капитала крупных инвестиционных фондов, заявил инвестиционный директор компании Bitwise Мэтт Хоуган (Matt Hougan).

С января в Финляндии вступает в силу новый стандарт обмена данными по отслеживанию криптовалютных доходов. Новые правила могут затронуть около 450 000 жителей страны, заявила Налоговая служба Финляндии (VERO).

Nella giornata di ieri, sono stati registrati tre grandi acquisti di Bitcoin Hyper ($HYPER) per un valore complessivo di circa 250.000 dollari. Le transazioni on-chain mostrano un acquisto superiore a 227.000 dollari, seguito da tre altri rispettivamente da 35.000, 23.000 e 21.000 dollari. Non si tratta di semplici voci da Discord, ma di denaro reale che entra nel progetto.

Per una prevendita che aveva già guadagnato slancio, il tempismo non è casuale.

Perché proprio adesso?

Le prevendite tendono ad attirare l’interesse degli investitori quando i mercati sono instabili e i trader cercano opportunità asimmetriche, cioè configurazioni di rischio/rendimento favorevoli in cui entrare senza dover inseguire rialzi già in corso.

La proposta di $HYPER è molto chiara: si tratta di un Layer-2 di Bitcoin progettato per offrire all’utente la possibilità di poter accedere a transazioni rapide ed economiche, e di poterlo fare in modo intuitivo e accessibile. Se riuscirà ad attirare utenti che desiderano la velocità di Solana ma con la sicurezza di Bitcoin, si tratterà di una narrativa su cui le balene sanno bene come posizionarsi.

Attualmente, la prevendita di Bitcoin Hyper è attiva e continua ad attirare capitali importanti. I dati di partecipazione e il prezzo attuale dei token confermano il trend: il progetto ha già raccolto oltre 26,8 milioni di dollari, con un prezzo di prevendita di 0,013255 dollari per token, segno di una domanda costante e sostenuta, non di un semplice pump momentaneo.

Questo spiega anche la concentrazione di grandi acquisti in un solo giorno: le balene cercano liquidità, e la prevendita di $HYPER sembra offrirla.

Bitcoin Hyper ($HYPER): un Layer-2 per Bitcoin costruito per la velocità, non per l’hype

La chiave del progetto è l’utilità reale. Bitcoin Hyper propone un’architettura basata su ZK rollup che consente di portare $BTC in un livello di esecuzione ad alta capacità, riportando poi lo stato sulla blockchain principale di Bitcoin.

Il sistema si ispira alla Virtual Machine di Solana per la velocità, ma mantiene la sicurezza di livello Bitcoin grazie al suo meccanismo di verifica e commit.

In pratica, permette di immaginare pagamenti, operazioni DeFi e interazioni con dApp con finalità quasi istantanea, mantenendo Bitcoin come base monetaria di riferimento. È proprio questo il passo necessario affinché Bitcoin possa evolversi da semplice riserva di valore a rete finanziaria attiva.

La roadmap di sviluppo include un bridge canonico che verifica intestazioni di blocchi Bitcoin e prove di transazione, un modello di sequenziamento per ordinare le transazioni in modo pulito e impegni diretti su Bitcoin L1 tramite zero-knowledge proofs.

Il team sta lavorando a strumenti per sviluppatori e sistemi di osservabilità, elementi spesso trascurati ma fondamentali per rendere una blockchain davvero utilizzabile. Chi ha esperienza nello sviluppo sa che è un forte segnale di solidità.

È questa la narrativa che le balene stanno anticipando acquistando in prevendita: prima l’utilità, poi la distribuzione.

Se un Layer-2 riesce a far “muovere” Bitcoin come un’infrastruttura di pagamento, senza compromettere la sicurezza, la liquidità seguirà naturalmente. Per i trader, si tratta di una tesi d’investimento più chiara e credibile rispetto a puntare solo su meme coin speculative.

Bitcoin Hyper ($HYPER) – I flussi di acquisto attirano l’attenzione

I dati parlano chiaro: una transazione on-chain registrata ieri mostra 63,8 ETH (circa 227.000 dollari) inviati per comprare $HYPER. Altre tre transazioni nello stesso intervallo temporale hanno aggiunto rispettivamente 35.000, 23.900 e 21.000 dollari.

Anche considerando le variazioni di prezzo di Ethereum, si tratta comunque di quasi 300.000 dollari investiti in un solo giorno. Un tale afflusso concentrato di capitali indica che il prezzo potrebbe salire o che la disponibilità dei token a questa fase sta per esaurirsi.

Il prezzo attuale di $HYPER nella prevendita è di 0,013255 dollari, con oltre 26,8 milioni di dollari già raccolti.

Secondo le previsioni di prezzo di Bitcoin Hyper, il valore del token potrebbe crescere di oltre 6 volte, raggiungendo 0,08625 dollari entro il 2026.

Naturalmente, nulla è garantito, ma la prevendita di $HYPER offre una prospettiva più concreta rispetto ai progetti basati solo sulla speculazione. Per un mercato in cerca di soluzioni scalabili e compatibili con Bitcoin, questo basta a spiegare l’interesse dei grandi investitori.

Vai a Bitcoin Hyper

 

Evernorth chief executive Asheesh Birla says the company’s planned $1 billion war chest for XRP is only a starting line, outlining an active-management strategy designed to recycle yield into additional purchases and position the treasury vehicle for a Nasdaq debut under the ticker XRPN in the first quarter of 2026.

In a new interview on the Thinking Crypto podcast, Birla confirmed that Evernorth’s capital plan is open-ended rather than capped. “We don’t have any plans to stop […] the idea is not to stop at a billion in treasury,” he said, adding that the firm will pursue additional opportunities to scale once its initial transaction closes.

Evernorth’s XRP Strategy

Birla framed Evernorth as a pure-play digital asset treasury—“100% focused on XRP”—built to make institutional and mainstream exposure “as easy as buying Tesla stock in your brokerage account.” He said Evernorth’s model differs from passive products because it will deploy the tokens across both traditional finance and DeFi strategies, with a single yardstick for success: “The metric we are maximizing for is XRP per share.” He was explicit that cash flows generated by those strategies won’t be paid out as dividends but instead will be redeployed into the core asset. “We’ll use that yield to buy more XRP for the treasury.”

On trading venue plans, Birla clarified the timeline that sparked recent attention: “You saw the ticker symbol XRPN go live […] we expect that to happen sometime in quarter 1 of 2026.” At launch, he said, investors who can access Nasdaq through standard brokerage platforms would be able to buy the stock, with international market expansion—especially Japan and Korea—set as a near-term priority. “Having SBI participate in Evernorth’s financing is going to potentially help unlock those Asian markets for us,” he noted, citing a backer list that includes SBI, Ripple, and Arrington Capital.

The buying program itself will use multiple routes to market. “We’ll be using all mechanisms available to buy XRP […] we want to make sure that we’re balanced and measured,” Birla explained, highlighting how improved market depth and “hundreds” of global trading venues make accumulation more practical today than in crypto’s early exchange era. He also pointed to the asset’s liquidity profile as a draw for an active treasury, saying it ranks among the top traded digital assets by volume on many venues.

A significant plank of Evernorth’s edge, Birla argued, is its plan to originate and participate in on-ledger yield. “We’re cultivating yield strategies directly on the XRP Ledger,” he said, describing ongoing discussions with protocols—including Flare—once the initial transaction is completed. The intent is to create a bridge for “real capital” into native DeFi, which he believes has matured enough to compete with traditional finance but still lacks the institutional adapters that accelerate growth.

Stablecoins are a key part of that plumbing, and Birla suggested Ripple’s RLUSD—which he described as “growing really quickly”—will likely be used as an on- and off-ramp for DeFi participation, while stressing Evernorth will still optimize its balance sheet around the token: “We want to make sure that we are optimizing for XRP […] I have a feeling that Ripple RLUSD […] is going to play a big part in that.”

Birla positioned the timing as favorable, crediting a policy turn in the United States and abroad. He cited the stablecoin-focused Genius Act’s passage and the prospect of broader market-structure legislation such as the Clarity Act as catalysts that could mirror the internet’s regulatory tailwinds in the 1990s. “Good regulation, good legislation helps spur innovation and growth,” he said.

He contrasted Evernorth’s active approach with potential exchange-traded funds, saying both can coexist. “One big difference between an ETF and a digital asset treasury like Evernorth is that […] it’s an active treasury. We are going to be looking at yield strategies to maximize XRP per share.”

Asked about risk management through a downturn, Birla pointed to experience and tooling rather than market timing. “Some of the best opportunities are available in downturns,” he said. “We’re busy thinking about how to build the right kind of risk tools […] measure twice and cut once.”

The strategic throughline is straightforward: accumulate and actively deploy XRP, reinvest proceeds into more XRP, and list a publicly tradable equity that packages this exposure for institutions and mainstream brokerage users. Or, as Birla put it, “Let’s make it as easy as buying [a] stock […] just like you buy that stock, you can buy [XRPN] and you get exposure to XRP as an asset class.” And on the accumulation plan itself, he left little doubt about the trajectory: “$1 billion” is a milestone—not a ceiling.

At press time, XRP traded at $2.40.

Согласно прогнозу американского Bank New York Mellon, к 2030 году совокупный объем рынка стейблкоинов и токенизированных активов может достичь $3,6 трлн. На долю стейблкоинов будет приходиться 41,6% этого объема, другая — на токенизированные депозиты и цифровые фонды денежного рынка (MMF), предположили банковские аналитики.

After the market crash over the month of October, the XRP price has now returned to the $2.2 levels, still holding strong support above $2. While this decline has caused a fair amount of panic among investors, the XRP price may actually not be in a terrible position as of now. This was brought to light by crypto analyst Cryptoinsightuk, who explained that the digital asset’s price has now fallen to levels that had previously led to a major bull rally for the altcoin.

Why The XRP Price Is Still Very Bullish

In the analysis that was shared on the X (formerly Twitter) platform, Cryptoinsightuk explained that the XRP price was actually sitting at a pretty exciting point. This is because the altcoin’s price was still holding well within its range lows on the daily. This suggests that the established support is still incredibly strong and could serve as a base for the XRP price to begin another rally.

Another major development that the crypto analyst pointed out was the fact that the cryptocurrency had taken out the majority of liquidity below the current price. This refers back to the price plunge that began on October 10, which took out most of the liquidity at the lower levels.

Naturally, this means that there isn’t much upside or money to be made by market makers when the XRP price plunges from here. Instead, most of the liquidity now lies at higher levels, with shorts piling up by the day. Thus, a sharp increase would present the most opportunity for a liquidity sweep, and a short squeeze could be the most natural response to the rising number of short positions in the altcoin.

Technicals Are Also Showing Bullishness

Leaning more into the technical side of things, CryptoInsightUK also points out major developments that show much bullishness. This ranges from the RSI all through to the Wycoff accumulation, all showing that the XRP price is sitting at a level that could trigger a possible change in tide.

The first of these is the weekly RSI, and so far, the weekly has managed to hold the 7-year resistance from 2020, as highlighted in the post. With the market crash, the XRP Weekly RSI has moved quickly, and now, it is sitting at levels not seen since 2024. This is important because it was this level that the weekly RSI was sitting before the November 2024 rally, and what followed at that point was a 600% rally.

Additionally, the XRP dominance chart looks to be completing a Wycoff Accumulation trend, and this usually happens before a resurgence. If all of these indicators are right, a repeat of 2024 would mean a triple-digit rally. Rising 600% from here would mean that the XRP price would rise above the $10 level.

Сооснователь и гендиректор биржи Kraken Арджун Сети (Arjun Sethi) раскритиковал жесткое регулирование криптосервисов в Великобритании, заявив, что слишком подробное раскрытие информации может отбить у людей желание инвестировать и торговать криптовалютами.

Cryptocurrencies linked to real-world assets (RWAs) are drawing scrutiny, as the International Organization of Securities Commissions (IOSCO) recently warned that these innovations might introduce new risks for investors. 

In a report released on Tuesday, the global securities regulator highlighted that while many risks associated with tokenization fall under existing regulatory frameworks, new vulnerabilities may arise from the technology itself.

Wall Street Divided Over Crypto Tokenization

Tokenization—essentially the creation of blockchain-based tokens that represent real-world assets like stocks or bonds—has gained renewed interest throughout the year. New tokenized products are increasingly being marketed to the public via online brokers. 

Tuang Lee Lim, chair of IOSCO’s board-level fintech taskforce, noted that while adoption levels remain modest, tokenization could fundamentally transform the issuance, trading, and servicing of financial assets. 

However, the regulator’s report points that the diverse ways in which tokenized assets are structured could create confusion for investors, leaving them uncertain about whether they own the underlying asset or merely the crypto token. 

Additionally, the existence of third-party token issuers adds layers of counterparty risk, a concern echoed by the European Union’s (EU) securities regulator in a similar report from September.

IOSCO also cautioned that this new “vulnerability” could be exacerbated by increasing connections to the broader crypto asset market. 

Despite these risks, some mainstream financial institutions, including Nasdaq, are moving forward with tokenization initiatives. 

Will Peck, head of digital assets at WisdomTree, remarked that tokenization offers an alternative method for holding assets like gold in a digital wallet, allowing for 24/7 trading and peer-to-peer (P2P) transfers. 

He added that such innovations could serve as collateral for loans, offering a protective hedge against the depreciation of the US dollar. However, concerns persist among other Wall Street players. 

Industry Leaders Share Their Insights

Although there has been rising commercial interest in tokenization, the International Organization of Securities Commissions pointed out that actual adoption remains limited. 

Proponents of tokenized assets argue that blockchain technology can reduce trading costs, expedite settlement times, and attract a younger demographic of investors. 

However, IOSCO cautioned that the purported efficiency gains are “inconsistent,” as market participants still rely on traditional market infrastructure to facilitate trading, rather than fully replacing it with blockchain technology. The report criticized issuers for failing to publicly disclose any measurable gains.

In the US, the push for tokenization has gained momentum alongside new legislation this year, which has spurred a surge in stablecoin adoption. The crypto industry, along with major Wall Street figures, is eager to mainstream this trend. 

Vlad Tenev, CEO of crypto trading platform Robinhood (HOOD), recently described tokenization as an unstoppable “freight train.” Meanwhile, Larry Fink, CEO of BlackRock, asserted in a summer newsletter that the concept of tokenization has the potential to revolutionize investing.

Featured image from DALL-E, chart from TradingView.com 

Фаза роста крипторынка близка к завершению, поэтому инвесторам пора подумать о фиксации прибыли и ограничении доли криптоактивов в портфеле, заявил инвестиционный стратег Morgan Stanley Wealth Management Денни Галлиндо (Denny Galindo).