CryptoNews

Evernorth Adding Ripple Legal Chief to Board Ahead of XRP Treasury Push

Evernorth is expanding its leadership team as it moves toward a planned public listing. The company said the strategy is designed to support institutional adoption of XRP through a regulated public-company structure. Key Takeaways Evernorth named new board members and executives ahead of its planned public listing. Ripple’s legal chief, Stuart Alderoty, is expected to join the board after…
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Coinbase Cuts 14% of Workforce, Targets Leaner AI-Era Model

Coinbase will cut about 700 employees as it restructures around weaker crypto market conditions and artificial intelligence-driven productivity gains. The company said the 14% workforce reduction is meant to manage expenses, streamline operations, and position Coinbase for…
CryptoNews

Bitcoin’s Bull Case Hinges on Macro Conditions, Wintermute Says

Bitcoin’s upside remains tied to macro stability as BTC trades near $81,000. Wintermute said strengthening on-chain data and ETF inflows have not yet confirmed an independent breakout. Key Takeaways: Bitcoin approached $82,000 resistance but still lacks confirmation of a sustained breakout. ETF inflows reached $2.6 billion, while late outflows signaled weakening demand. Macro factors, including…
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Yen Carry Trade on Steroids? Strategist Flags Bitcoin-Linked STRC Yields

Wall Street may be underestimating a bitcoin-linked carry trade resembling the yen carry trade as capital shifts from Fed funds to higher-yield income products. Strategy’s STRC shows an 11.52% effective yield, underscoring the widening spread attracting institutional focus. Key Takeaways: Comparison to the yen carry trade signals potential for large-scale capital reallocation. STRC offers…
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XRP Reaches 5M+ Merchants Through Rakuten Wallet Integration

Rakuten Wallet added XRP access to one of Japan’s largest consumer payment networks, a rollout highlighted by a Ripple manager on April 30. Users can convert Rakuten Points into XRP, trade in-app, and charge Rakuten Cash through Rakuten Wallet for spending via Rakuten Pay…
CryptoNews

Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate

Coinbase says prediction markets should stay under CFTC oversight, arguing event-based contracts already fit within federal derivatives law. The company laid out four points in a comment letter and public post. Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate…
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