Day: October 20, 2025

21Shares files for Injective ETF amid growing institutional interest

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Key Takeaways 21Shares has filed for a new ETF focusing on Injective, a blockchain protocol designed for global finance infrastructure. The filing highlights the growing institutional interest in integrating digital assets into traditional finance portfolios. Share this article 21Shares, a major issuer of crypto-focused exchange-traded products, filed today for a new ETF targeting Injective, a blockchain protocol positioned as infrastructure for global finance with features like high-performance consensus and native financial primitives. The filing represents another expansion of institutional crypto investment products as traditional finance continues integrating digital assets. 21Shares…

Evernorth’s $1B SPAC Deal Targets Giant XRP Treasury

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Evernorth Holdings, a digital asset company with ties to Ripple Labs, announced plans to go public through a merger with Armada Acquisition Corp. II, a Nasdaq-listed special purpose acquisition company (SPAC), in a move aimed at tapping growing institutional demand for publicly traded digital asset treasury firms. The transaction is expected to generate more than $1 billion in gross proceeds, including a $200 million investment from Japan’s SBI Holdings, a company with historical ties to SoftBank. Additional backing is expected from Ripple, Pantera Capital, Kraken and GSR, the company said. …

Apple stock reaches new all-time high

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Key Takeaways Apple stock reached a new all-time high, fueled by strong demand for the iPhone 17. Apple’s partnership with Formula 1 is expected to enhance its brand visibility and expand its entertainment initiatives. Share this article Apple stock hit a new all-time high today, driven by strong demand for its latest iPhone model and excitement around a new Formula 1 partnership. The consumer electronics giant has seen heightened interest in its iPhone 17, described as a worldwide hit that’s contributing to positive investor sentiment. Apple also secured a deal…

Bitcoin Needs to Reclaim $114K to Confirm Bull Run Continuation

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Bitcoin has staged a recovery from the institutional demand zone near $106K, reclaiming key short-term structure levels. While momentum remains cautious, reclaiming $114K–$116K remains essential to confirm a bullish continuation toward the previous all-time highs. Technical Analysis By Shayan The Daily Chart On the daily timeframe, Bitcoin has rebounded strongly from the $102K–$104K institutional demand zone, which aligns with both the 200-day MA and the ascending channel support that has guided the broader uptrend since mid-2024. The recovery candle structure shows early signs of renewed strength, but the 100-day MA,…

Blockchain.com explores SPAC deal to go public

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Key Takeaways Blockchain.com is reportedly exploring a SPAC deal to go public. The potential move would add to the momentum seen by other major crypto companies. Share this article Blockchain.com, a major crypto financial services company, is exploring a SPAC deal to go public, CoinDesk reported Monday. The firm is said to have held preliminary discussions about its US market debut through a SPAC merger; however, it is unclear whether the talks are still ongoing. A SPAC merger would allow Blockchain.com to enter the public market without a traditional IPO…

Solana Founder Shares Plans For New Perp DEX ‘Percolator’

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Solana Labs co-founder and CEO Anatoly Yakovenko is the latest crypto founder to announce plans for a decentralized exchange (DEX), following the success of Hyperliquid and Astar. On Monday, Yakovenko uploaded plans outlining a new sharded perpetual exchange protocol on the Solana blockchain, dubbed Percolator. A perpetual exchange is a decentralized trading protocol for perpetual futures contracts, which allows traders to speculate on cryptocurrency prices without an expiration date. Percolator will consist of two main onchain programs, including the Router program that manager collateral, portfolio margins and cross-slab routing and…

Elon Musk Sends Floki Memecoin Soaring 29%

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American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X. On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.” Source: Elon Musk CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price…

Bears Take Control and Eye $2 for XRP

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After weeks of steady decline following its summer rally, XRP is now attempting to recover from significant technical damage on both the USDT and BTC pairs. While the macro structure still holds some bullish characteristics, the recent breakdowns highlight growing uncertainty, with buyers now needing to reclaim key levels to regain control. Technical Analysis By Shayan The USDT Pair XRP is on the verge of breaking below the ascending channel it had been respecting for most of the year. The price dipped sharply toward the $2.00 area before showing signs…

Bolivia’s New President Rodrigo Paz Plans Blockchain Reform

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Bolivian President-elect Rodrigo Paz plans to tackle corruption in his country’s government using blockchain technology. The Associated Press reported Monday that Paz defeated rival Jorge Quiroga 54.5% to 45.5% and is set to take office on Nov. 8. Paz won Sunday’s runoff on a centrist, pro-market message and inherits an economy strained by fuel shortages and a US dollar squeeze, according to the AP. Rodrigo Paz won Bolivia’s run-off presidential election on Sunday. Source: AP For crypto observers, Paz’s government plan includes two concrete proposals related to digital assets and…

Ripple-backed Evernorth plans US listing to raise over $1B and accumulate XRP

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Key Takeaways Evernorth, supported by Ripple, aims to raise over $1 billion through a Nasdaq IPO to establish a major XRP-focused public treasury. This move is positioned as a significant development for institutional adoption of XRP in treasury management. Share this article Evernorth, a Ripple-backed entity, plans to go public on Nasdaq to raise over $1 billion in expected proceeds, with the funds directed toward establishing a major public treasury focused on XRP. The listing represents a significant step in the institutional adoption of XRP for treasury management. Ripple Labs…