Evernorth Moves Closer to Nasdaq Public Listing after SEC Filing

XRP digital asset treasury Evernorth has submitted a key filing with the SEC, putting it a step closer to its goal of going public on the Nasdaq stock exchange.   The Ripple Labs-backed firm announced plans to go public in October through a merger with special purpose acquisition company (SPAC) Armada Acquisition Corp. II (Armada II).

Polymarket Acquires Brahma in DeFi Infrastructure Push

Blockchain prediction markets platform Polymarket is acquiring Brahma, a crypto startup that provides decentralized finance (DeFi) infrastructure. “As part of this transition, our team will dedicate itself to evolving Polymarket’s stack and product suite,” Brahma stated in an announcement on Wednesday. Brahma, founded in 2021, says it has processed over $1 billion in volume and

SEC Approves Nasdaq Tokenization Trading Trial

Nasdaq has been given the regulatory green light to offer some tokenized stocks, which will trade alongside traditional securities on its exchange. The US Securities and Exchange Commission on Wednesday approved Nasdaq’s pilot proposal to support the trading of tokenized versions of stocks and other securities. Nasdaq first filed its proposal in September seeking to

Algorand Foundation Cuts Workforce By 25% Amid Market Uncertainty

The Algorand Foundation, the organization behind the Algorand layer-1 blockchain, said it had made the “difficult decision” to reduce its headcount by 25% on Wednesday, citing the crypto slump and wider uncertainty. “This decision was not taken lightly and is in response to the uncertain global macro environment as well as the broader downturn in

Fold Revenue Rises 8% in Q4 Amid Continued BTC Rewards Push

Bitcoin financial services firm Fold reported an 8% surge in revenue in Q4 to $9 million as it gained another 2,000 customers and rolled out more products aimed at integrating Bitcoin reward schemes into consumer spending. The results come just weeks after it released a Fold Bitcoin Rewards Credit Card, a Visa and Stripe-powered product

Bitcoin Trips After FOMC But Bulls May Keep Buying

Key takeaways: Spot market demand through US-listed ETFs and Strategy’s BTC buying supports Bitcoin’s bullish momentum Low leverage among Bitcoin bulls reduces the risk of cascading liquidations even if prices drop another 5%. Rising inflation concerns negatively impact fixed-income returns, paving the way for an eventual rotation from gold into Bitcoin. Bitcoin (BTC) faced a

FOMC Leaves Interest Rates Steady at March Meeting

The effect on energy prices from the Iran war will impact the economy, but the size and scope of the macroeconomic shock are still unknown. The Federal Open Market Committee (FOMC) announced on Wednesday that it would hold the Federal Funds rate steady at 3.5-3.75%, as it monitors macroeconomic impacts from the ongoing war in

Kalshi CEO Fires Back against Arizona Criminal Charges as ‘Total Overstep‘

The prediction markets co-founder said that the company would “abide by court decisions” but signaled that the charges were based partly on political bias and media attention. Tarek Mansour, co-founder and CEO of prediction markets platform Kalshi, has pushed back against criminal charges filed by Arizona authorities this week, claiming that they were a "total

SEC Chair Explains Why NFTs Aren’t Securities

After the US Securities and Exchange Commission (SEC) outlined four broad categories of digital assets that fall outside securities laws, Chair Paul Atkins offered further clarity on why nonfungible tokens (NFTs) generally do not meet that definition. In a Wednesday interview with CNBC, Atkins reiterated that the agency’s recent interpretive release identified four types of
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