The post Ripple-Backed Evernorth Nears $1B XRP Treasury: Major Supply Shock Incoming?  appeared first on Coinpedia Fintech News

Evernorth Holdings is quickly becoming a major player in the XRP space, moving closer to its $1 billion goal.

Backed by Ripple, SBI, and other top investors, the company’s growing presence has caught the attention of the crypto community and has also sparked speculations of a possible supply shock and long-term impact on XRP’s price.

Evernorth Reaches 95% of Its Target

Evernorth Holdings has now accumulated roughly 388.7 million XRP, valued at over $1 billion at current prices. This places Evernorth among the largest institutional holders of XRP.

Data from XRPSCAN shows that the wallet has received XRP from Uphold, Coinbase, and Gemini. Chris Larsen also confirmed transferring 50 million XRP from his wallet to invest in Evernorth’s treasury deal.

Evernorth is now close to the $1 billion funding mark, with $947.2 million already invested in its treasury. Notably, in just four days, the firm has gained about $46 million in unrealized profits. Cryptoquant analyst notes that its average XRP purchase price sits around $2.44, which could mark a key level for Ripple’s future price action. 

Strategic Growth Through SPAC Deal and Major Investors

Last week, it announced its public launch and a business combination agreement with Armada Acquisition Corp II, a publicly traded SPAC. It follows a strategy similar to other digital asset treasuries like TRON Inc.

Evernorth aims to give investors an easy and transparent way to invest in XRP through a publicly traded company. Unlike a passive ETF, it aims to increase XRP holdings per share over time by engaging in institutional lending, liquidity provision, and DeFi yield opportunities.

The deal is led by SBI, Ripple, Rippleworks, and top crypto and fintech investors like Pantera Capital, Kraken, and GSR, and Chris Larsen. 

Analysts Predict an XRP Supply Shock

Evernorth’s IPO is expected to raise billions of dollars, which will then be used to buy XRP from the open market. 

Analysts suggest that this would create a major “supply shock”, where the available supply of XRP sharply decreases while demand remains high, which could drive up its price. Moreover, with the potential launch of an XRP ETF, the combined effect could cause a major surge in its value.

Evernorth Drives Record XRP Transfers

@XRP_Liquidity, an X account that closely tracks major XRP movements, has noted a significant uptick in Ripple’s activity this month.

According to the account, Ripple typically transfers under 300 million XRP each month to support On-Demand Liquidity (ODL) operations, exchange-traded products (ETPs), and trusts. However, this month’s total is expected to reach around 650 million XRP , which is the highest ever recorded. Notably, Evernorth alone has accounted for 388 million XRP of that total. 

XRP is currently trading at $2.66, down 1% in the last 24 hours, but up 5% over the past week. The 24-hour trading volume stands at $3.9 billion, a 20.7% increase from the previous day, indicating a rise in market activity.

The post Ethena (ENA) Soars 50% in October — Can Bulls Push the Price Beyond $0.60 Before Month-End? appeared first on Coinpedia Fintech News

The crypto market today is buzzing as Ethena (ENA) continues to steal the spotlight with a stunning 50% rally this month. Traders are turning bullish as confidence grows around Ethena’s fast-rising ecosystem and the growing use of its synthetic stablecoin, USDe. After weeks of steady gains, ENA is now approaching the key $0.60 mark, and the big question is, can the bulls keep up the momentum and deliver a strong finish before October ends?

The broader crypto market is flashing renewed optimism, with Bitcoin consolidating above the $115,000 mark and Ethereum eyeing a return toward $4,300. Amid this upbeat sentiment, altcoins are seeing a resurgence, and Ethena stands out as one of the strongest performers in the mid-cap segment. Its steady climb over the past few weeks signals growing investor appetite for innovative DeFi projects, especially those offering sustainable yield mechanisms.

The ENA price is up by more than 12% today against USD, 9.12% against BTC and 5.5% against ETH. However, the bulls are struggling to secure the price above a crucial range that may help them to initiate a fresh ascending trend.

Ethena (ENA) is forming a rising wedge pattern after rebounding from its recent lows, indicating short-term bullish momentum but possible resistance near $0.52–$0.55. The price is consolidating just below this zone, suggesting a potential breakout if volume increases. RSI around 52 reflects neutral momentum, leaving room for further upside. However, failure to breach resistance could trigger a pullback toward $0.47, making the upcoming sessions crucial for trend confirmation. 

As the bulls have failed to secure the $0.52 resistance, which coincides with the lower band of the Gaussian channel, the rally seems to remain under bearish influence. Even if the bulls manage to push the token within the channel, the price may continue to maintain an ascending consolidation within the channel until it breaks above. Now that the monthly close is on the horizon, another 30% upswing appears to be a tedious job and hence, the Ethena (ENA) price is expected to consolidate around $0.52 to $0.53 during the monthly close. 

The post Madras High Court Rules XRP Is Property in Landmark WazirX Case appeared first on Coinpedia Fintech News

In a major ruling that could reshape how India views digital assets, the Madras High Court has temporarily stopped WazirX from reallocating a user’s frozen XRP holdings, marking a crucial win for Indian crypto users affected by the exchange’s 2024 hack. The decision recognizes cryptocurrency as a form of property that can be held in trust, a stance that could set a powerful legal precedent for future crypto disputes in India.

Crypto as Property, Not Exchange Asset

Justice N. Anand Venkatesh issued the order on October 25, directing Zanmai Labs, WazirX’s Indian operator, to provide a bank guarantee worth ₹9.56 lakh (around $11,500), the value of the petitioner’s 3,532 XRP, until arbitration proceedings conclude. The judge stated that “cryptocurrency is property capable of being enjoyed, possessed, and held in trust,” establishing a clear distinction between the exchange’s control and the user’s ownership rights.

This recognition effectively challenges the notion that exchanges have absolute authority over users’ digital assets, strengthening the argument that crypto belongs to the user, not the exchange.

Clash Between Indian Users and Singapore Restructuring

The case stems from WazirX’s controversial restructuring plan, managed through its Singapore-based parent company, Zettai Pte Ltd. After the $230 million hack in July 2024, WazirX froze withdrawals and proposed a “socialized loss” scheme. Under the plan, affected users would receive “recovery tokens” and partial repayments once the exchange resumed operations, an approach recently approved by the Singapore High Court.

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• Also Read :
•   North Korea’s AI Hackers Redefine Crypto Crime in 2025
•   ,

However, the petitioner, Rhutikumari, argued that the exchange’s move to redistribute her XRP without consent violated her ownership rights under Indian law. The Madras High Court sided with her, halting WazirX’s reallocation and affirming that her crypto holdings must remain protected until the dispute is resolved.

Implications for India’s Crypto Legal Framework

This decision could have far-reaching consequences for how Indian courts handle crypto disputes involving foreign-registered exchanges. By acknowledging that crypto assets can be held in trust, the ruling gives Indian users a stronger footing to challenge overseas corporate actions affecting their holdings.

For thousands of WazirX users still awaiting restitution from the 2024 hack, the judgment offers a glimmer of hope, a sign that India’s judiciary may prioritize user ownership and local legal protection over foreign corporate restructuring.

FAQs

The post Enough About Ethereum (ETH) and Bitcoin (BTC), These 4 Tokens Cheaper Than a Cup of Coffee Are Stronger Buys in Q4 appeared first on Coinpedia Fintech News

Investors are beginning to ask a crucial question: where’s the next wave of big returns going to come from? While BTC and ETH continue to dominate headlines, their massive market caps mean smaller, cheaper tokens often deliver higher percentage gains in early bull phases. As we enter Q4 2025, four coins, Little Pepe (LILPEPE), Ethena (ENA), Pudgy Penguins (PENGU), and Dogecoin (DOGE), are emerging as high-upside opportunities priced lower than a cup of coffee.

Little Pepe (LILPEPE): The Meme Coin Reinventing the Game

Among low-priced tokens, Little Pepe (LILPEPE) is quickly becoming the most talked-about project of 2025. Now in Stage 13 of its presale at $0.0022 per token. The project’s final presale price is set at $0.003, meaning early buyers could already be sitting on strong paper gains before its official launch.

But what truly sets LILPEPE apart is its blockchain innovation, it’s launching as the world’s first meme-focused Layer 2 EVM chain, combining lightning-fast speed, ultra-low fees, and sniper-bot-resistant technology to ensure fair trading for all users. Its ecosystem includes a Meme Launchpad, NFT marketplace, and staking rewards, positioning it far beyond a simple meme coin. Little Pepe’s presale success is further fueled by major incentives, including a $777,000 giveaway and a 15 ETH Mega Giveaway, which has drawn thousands of participants. With CertiK’s audit score of 95.49% and upcoming listings on two top centralized exchanges, analysts believe LILPEPE could become one of the top meme coins of the bull cycle, rivaling Dogecoin and Shiba Inu in cultural impact and performance.

Ethena (ENA): Stablecoin Innovation for the Next Cycle

Smart investors are discreetly buying Ethena (ENA), an infrastructure play, while meme currencies make headlines.  Ethereum-based Ethena drives the synthetic dollar (USDe) and yield-bearing sUSDe, which use futures hedging rather than collateral-only reserves to maintain their pegs. This strategy attracts top backers.  Ethena raised $530 million in PIPE investment, raising its total to roughly $900 million.  Brevan Howard, Susquehanna Crypto, and YZi Labs support its model in the long term. ENA is 49% below its all-time high, but analysts expect stablecoin usage to boost it.  Ethena might quietly power DeFi’s next growth phase as Bitcoin and Ethereum reach new highs.

Pudgy Penguins (PENGU): From NFTs to Meme Market Powerhouse

Pudgy Penguins (PENGU) has grown from a lovely NFT project to a meme coin.  At $0.02017, PENGU has a market valuation exceeding $1.7 billion and a daily trading volume of approximately $320 million. After key partnerships and cross-platform integrations, its price rose 18%.  A retest of $0.033 could drive another breakout before year-end, say analysts.  PENGU is becoming one of Q4’s best low-cost buys with record community participation and meme momentum. Pudgy Penguins has abundant cultural power and growth potential in a meme-driven market.

Dogecoin (DOGE): The Original Meme Titan Still Running Strong

Although Dogecoin is no longer under a penny, its $0.19 pricing makes it a “cheap” entry relative to BTC or ETH.  DOGE, up 131% year-over-year, has broken key resistance zones and is bullish with daily volumes over $2.5 billion. Dogecoin rallies have typically been driven by retail traders, and Elon Musk’s support on X (formerly Twitter) and ambitions to integrate it into payment systems make it one of the most well-known and resilient meme assets. Dogecoin should be in every meme portfolio heading into the next bull run due to its liquidity, brand strength, and long-term staying power.

Small Coins, Big Potential

Little Pepe, Ethena, Pudgy Penguins, and Dogecoin all trade below $1, yet each offers a unique narrative, growing community, and explosive potential as Q4 unfolds. Of the four, Little Pepe (LILPEPE) stands out as the clear frontrunner, merging meme energy with real blockchain infrastructure and record-breaking presale momentum. With analysts projecting a 100x upside once it lists, it’s the token that could redefine meme investing this cycle.

For more information about Little Pepe (LILPEPE) visit the links below:

• Website: https://littlepepe.com
• Whitepaper: https://littlepepe.com/whitepaper.pdf
• Telegram: https://t.me/littlepepetoken
• Twitter/X: https://x.com/littlepepetoken
• $777k Giveaway: https://littlepepe.com/777k-giveaway/

The post Canada Fast-Tracks Stablecoin Rules Ahead of November 4 Budget appeared first on Coinpedia Fintech News

Canada’s crypto scene is heating up and the government is leading the charge.

 Ottawa is moving fast to bring stablecoin regulations to the table, with details expected in the federal budget on November 4, just days after a record-breaking $126 million fine hit a crypto company for anti-money laundering violations.

Here’s what you should know. 

Stablecoin Rules Finally on the Way

According to Bloomberg, officials have spent the past few weeks in intense talks with regulators and industry leaders to finalize how stablecoins will be governed in Canada. The discussions are expected to result in clear regulatory proposals when Finance Minister François-Philippe Champagne presents the new budget next week.

Stablecoins are seen as a key bridge between digital assets and mainstream finance. But in Canada, the rules have been unclear. Regulators currently treat stablecoins as securities or derivatives, creating uncertainty for companies and investors.

Meanwhile, the US has already taken a major step forward. 

The Genius Act, passed in July, gave US regulators the authority to supervise stablecoin issuers and set reserve standards. The law treats compliant stablecoins as payment instruments, a move the crypto industry has largely welcomed.

Also Read: Crypto Regulations in Canada 2025

Experts Warn of Capital Flight

Industry leaders are urging Canada to act quickly or risk falling behind. John Ruffolo, founder of Maverix Private Equity, warned that if the government doesn’t move soon, Canadian investors may shift to US stablecoins, which could hurt demand for Canadian bonds and weaken local financial control.

“Every Canadian who transacts in a US stablecoin funds American debt, enriches American institutions and exports our financial data south,” Ruffolo wrote earlier this month.

Even the Bank of Canada and the Office of the Superintendent of Financial Institutions (OSFI) have called for a national framework to close the gap. 

Former deputy governor Carolyn Wilkins said Canada needs rules that build “trust, security, stability and competitiveness” in the payments space.

Crackdown Sets the Tone

Just last week, FINTRAC, Canada’s financial watchdog, fined Cryptomus (Xeltox Enterprises Ltd) a record $126 million for 2,593 anti-money laundering violations – the largest fine ever issued in Canada’s crypto sector.

Investigators found the company failed to report suspicious transactions linked to child abuse, ransomware, and Iran-related transfers. The operations traced back to Uzbekistan and Spain.

FINTRAC said the company’s weak systems “significantly impair transparency and accountability,” adding that Canada’s crypto sector still has major gaps criminals can exploit.

After years of hesitation, Canada appears ready to tighten enforcement and draft long-awaited rules. 

The post Crypto News Today (Live) Updates : Bitcoin Price, XRP Price Today,Zcash Price,GameStop,Ethereum Price appeared first on Coinpedia Fintech News

The post Strategy Buys 390 BTC, Bringing Total to 640,808 appeared first on Coinpedia Fintech News

Strategy acquired 390 BTC for approximately $43.4 million, at an average price of $111,053 per bitcoin, achieving a strong 26% yield in 2025 year-to-date. As of October 26, 2025, the company holds a total of 640,808 BTC purchased for around $47.44 billion, with an average cost of $74,032 per bitcoin. This reflects MicroStrategy’s continued confidence and aggressive strategy in bitcoin accumulation and investment growth this year.

The post XRP Price Builds Momentum as Macro Catalysts and ETF Hopes Spark Accumulation appeared first on Coinpedia Fintech News

The broader crypto market appears to be approaching a major turning point and XRP price is positioned right in the middle of it. With liquidity expected to surge and macro catalysts aligning, XRP’s consolidation phase could soon give way to a decisive breakout, setting the tone for a new bullish cycle.

Liquidity Floodgates and Macro Dominoes Align

As the global economy braces for a series of synchronized macro shifts, risk assets like crypto are gaining renewed attention. The end of quantitative tightening (QT), the prospect of rate cuts, and a $1.5 trillion liquidity injection are building the foundation for what could be a historic rally.

Combined with easing U.S.-China tensions and strong S&P earnings, the current setup paints a “risk-on” environment. This perfect storm of liquidity, narrative, and capital rotation makes digital assets such as Bitcoin, Ethereum, and particularly XRP stand out among blue-chip cryptocurrencies.

XRP Price Enters a Symmetrical Triangle: Accumulation Before Expansion

Currently, XRP price hovers around $2.62, with a market cap of $157 billion and $4.49 billion in 24-hour trading volume. On the XRP price chart, the token is converging within a symmetrical triangle pattern.

This price compression indicates an extended accumulation phase. Smart money appears to be quietly positioning ahead of what could be a significant shift once volatility expands. The resilience of XRP price today highlights growing investor confidence despite ongoing macro uncertainties.

On-Chain Signals Strengthen: DEX Activity Suggests Upcoming Rally

Interestingly, on-chain metrics from the XRP Ledger DEX are flashing bullish signals. Since May 2025, while price consolidation has continued, the DEX transaction count has been steadily rising shows that order activity and liquidity are building beneath the surface.

This surge in transactional engagement, including order placements and cancellations, reflects heightened participation from sophisticated traders. Such patterns typically precede strong price movements, suggesting that the market is “coiling the spring” for a sharp upside breakout once catalysts align.

ETF Momentum Could Redefine the XRP Narrative

Perhaps the most influential upcoming driver for XRP crypto is the growing anticipation around a potential XRP ETF launch. Recent discussions indicate that spot crypto ETFs for XRP, Solana, and Litecoin are ready for regulatory clearance once Washington resumes full operations.

Market commentators describe this situation as a “dam about to burst,” with the delay in approval being the only barrier holding back institutional inflows. Once lifted, the wave of new ETF products could dramatically increase XRP exposure, shifting it from an accumulation phase to a sustained XRP price rally.

The post Bitcoin Cash Price Breaks $550, Is the $615 Target Next? appeared first on Coinpedia Fintech News

Bitcoin Cash has burst back into the spotlight with a sharp upward move that is catching traders’ attention. In just one day, the BCH price has climbed 6.64% to $558.91, and in the past week alone, it’s rallied an impressive 16.28%. With the market cap pushing $11.17 billion and 24-hour trading volume spiking 65% to $774.45 million, Bitcoin Cash is showing real momentum. 

What’s behind this comeback? First, fears of a $4 billion Bitcoin and BCH sale have eased now that repayments from the long-awaited Mt. Gox case are delayed until 2026. That has taken a big supply shock off the table for now. Adding fuel to the rally, T. Rowe inclusion of BCH in its crypto ETF filing is being seen as a nod of institutional validation.

BCH Price Analysis

Looking at the charts, Bitcoin Cash price has punched through both the 7-day and 30-day SMAs. It is now standing clear above $497.86 and $536.94. At $558.91, BCH is trading close to its daily peak of $564.25, miles above the session low of $536.57. The RSI14 sits at 58.45, which gives a neutral-to-bullish read. The MACD histogram has turned positive with a +5.82 print, supporting the bullish view.

A rising 24-hour volume, up nearly 66%, confirms that buyers are not just optimistic but also backing their conviction with real capital. Price is currently challenging the 23.6% Fibonacci retracement level at $577.32. This is a critical area, a clear close above $577 could open the door for a move toward the next resistance zone at $615. Contrarily, the $534 support level will be closely watched. Holding above it keeps the uptrend intact, while a break back below could lead to profit-taking.

The current backdrop suggests that traders are eyeing a potential bullish continuation, provided that volume stays high and no negative headlines emerge. With institutional interest growing and technicals aligning, Bitcoin Cash price prediction models are becoming increasingly optimistic for the week ahead. However, markets can turn quickly, so monitoring key levels and adjusting risk is crucial.

FAQs

The post China’s Central Bank Warns Stablecoins Still Carry Big Risks appeared first on Coinpedia Fintech News

Stablecoins have been attracting increasing attention lately as banks and institutions explore its growing role in digital finance. However, despite its rapid innovation and increased adoption, some officials believe that it is in its early stages and the risks remain. 

China’s Central Bank Urges Caution

Pan Gongsheng, Governor of the People’s Bank of China, recently spoke about the fast-changing world of digital finance. He noted that virtual currencies, especially stablecoins issued by institutions, have seen a surge in growth over the past few years. 

However, he pointed out that the industry is still in its early stages. 

Global financial bodies regulators are also growing increasingly cautious about the rise of stablecoins, citing concerns over how these digital assets could impact financial stability.

Global Regulators Sound the Alarm

Just ten days ago, during the IMF and World Bank Annual Meetings in Washington, D.C., finance ministers and central bank governors discussed stablecoin and their potential risks as one of the main topics. They noted that while stablecoins are growing popular, they still fall short of basic financial standards like the customer identification and anti-money laundering measures. 

Officials warn that these very gaps could make it easier for money-laundering, illegal cross-border transfers and even terrorist financing to occur. This has led to increased market speculation, adding pressure to the global financial system and concerns that it could even threaten the monetary independence of smaller, less-developed economies.

These issues highlight the need for stronger oversight measures, before stablecoins can safely play a larger role in the financial system. 

China’s Crackdown and Continued Oversight

The governor has stressed that since 2017, the People’s Bank of China (PBOC), together with other departments, has introduced several policies in an effort to prevent the risks of virtual currency trading speculations. He also notes that these measures are still in effect.

Looking ahead, the PBOC will keep working with the law enforcement agencies to crack down on illegal crypto activities and trading speculation in China. At the same time, the central bank will also closely monitor the growth of overseas stablecoins. 

Ant Group’s Push into Digital Assets

This comes as Ant Group, the fintech giant behind Alipay, has filed a series of trademarks in Hong Kong this year related to virtual assets, stablecoins, and blockchain, including the name “ANTCOIN.”

Its stablecoin plans have previously faced pushback as the Chinese authorities ordered the company to halt its plans over concerns that privately issued tokens could weaken the central bank’s monetary control.

However, its latest move shows that it is moving forward despite Beijing maintaining a tight grip on crypto activity.