Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 
million transactions, up from about 1 million in mid-2025, and the firm is now 
pointing to banks and other financial companies as the next source of demand. 
Real Banks Are Moving In According to the XRP-focused treasury company, some 
of the busiest names on the network over the past year include Bitstamp, 
Ripple’s RLUSD stablecoin, and Braza Bank. The firm says that kind of traffic 
shows more than trader interest, with real financial activity taking place on 
the ledger. Related Reading: XRP Dips In The Short Run, But A Bigger Setup May 
Be Forming: Analyst Asheesh Birla, Evernorth’s chief executive, has argued 
that XRP’s long-term value will come from banks and businesses using it as 
working capital rather than treating it as a coin to trade. He has also said 
the gap between adoption and price remains wide, even as usage and 
tokenization continue to set records. Birla has pointed to macro pressure, 
geopolitical tension, and higher rates as part of the reason XRP has not kept 
pace with the growth story. The message is simple: the network can be busy 
while the token price stays under strain. 1/6 For everyone who&#8217;s wondered when 
&#8220;real banks&#8221; will use blockchain: they already are. The next 18 months will be 
about how much, on which chains, and under which set of rules. One of Europe&#8217;s 
biggest banks has put its euro stablecoin on XRP. Here&#8217;s why that matters. 🧵👇… 
pic.twitter.com/iLcDFd0itK — evernorthxrp (@evernorthxrp) June 2, 2026 How 
Evernorth Plans To Expand Evernorth is trying to make that growth easier for 
institutions to access. Instead of forcing banks and asset managers to deal 
with wallets, private keys, and compliance systems on their own, the company 
is offering exposure through its own stock. The structure echoes the model 
used by several public companies that have built large Bitcoin holdings and 
given investors a familiar market wrapper. Evernorth has said that approach 
can make XRP easier for institutions to hold, fund, and use. 5/6 When a 
globally important bank picks public blockchains to host its regulated euro, 
that&#8217;s a vote about which networks they think will host the next phase of 
money. XRP was one of four chains that made that shortlist. — evernorthxrp 
(@evernorthxrp) June 2, 2026 The company says it has backing from Ripple, 
Kraken, Pantera Capital, and SBI Holdings, with total funding topping $1 
billion. Its S-4 filing with the US Securities and Exchange Commission, 
submitted in March 2026, lays out plans to grow XRP holdings through 
institutional lending, liquidity provision, and activity tied to decentralized 
finance on the XRP Ledger. XRP TREASURY EVERNORTH FILES UPDATED SEC DOCUMENTS 
AHEAD OF XRPN LISTING@Ripple-backed $XRP treasury firm, Evernorth has filed an 
updated Form S-4 as it moves closer to a Nasdaq debut. The firm plans to go 
public via merger with Armada Acquisition Corp II. It holds over 473… 
pic.twitter.com/MjUnROPQ5u — BSCN (@BSCNews) May 4, 2026 Related Reading: 
Ethereum Signals Strength As Citigroup Eyes $5.5 Trillion Tokenized Asset Boom 
Featured image from Pexels, chart from TradingView

Evernorth says daily activity on the XRP Ledger has climbed to nearly 3 million transactions, up from about 1 million in mid-2025, and the firm is now pointing to banks and other financial companies as the next source of demand. Real Banks Are Moving In According to the XRP-focused treasury company, some of the busiest &#8230;

XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

Former U.S. congressman George Santos publicly promised he would attend 
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Kalshi that he would not, according to people familiar with his trades. The 
prediction market froze his account and referred the case to two federal 
regulators, both of whom have opened insider-trading […]

Former U.S. congressman George Santos publicly promised he would attend President Trump’s State of the Union address in February, then quietly bet on Kalshi that he would not, according to people familiar with his trades. The prediction market froze his account and referred the case to two federal regulators, both of whom have opened insider-trading &#8230;

George Santos Hyped His State of the Union Seat, Then Bet He Wouldn’t Show

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miners expand into data center and HPC hosting markets.

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The post Broadcom loses over $250B in market value after revenue forecast 
disappoints Wall Street appeared first on Crypto Briefing.

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SpaceX&#8217;s IPO could reshape market dynamics, influencing tech valuations and 
investor strategies with its unprecedented scale and AI integration.
The post SpaceX sets IPO price at $135 per share, targeting $75B raise and 
record $1.77T valuation appeared first on Crypto Briefing.

SpaceX&#8217;s IPO could reshape market dynamics, influencing tech valuations and investor strategies with its unprecedented scale and AI integration. The post SpaceX sets IPO price at $135 per share, targeting $75B raise and record $1.77T valuation appeared first on Crypto Briefing.

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disrupted Southeast Asia scam networks and 1.4M online accounts.

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XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected

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