Day: December 25, 2025

Crypto Deals Soared to $8.6B in 2025: FT

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The crypto sector reportedly saw a record $8.6 billion worth of deals in 2025, as the crypto-friendly Trump administration gave confidence to crypto-focused mergers and acquisitions. The Financial Times reported on Wednesday that 267 deals were inked in the crypto industry up to Dec. 23, up 18% from 2024. The $8.6 billion in deal value is a nearly 300% jump from last year, which saw $2.17 billion in deals, and the growth is expected to continue into 2026. Coinbase made the biggest acquisition of the year with its $2.9 billion…

Ripple-backed Evernorth faces $220M drawdown as XRP struggles

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Key Takeaways Ripple-linked Evernorth is down $220M on its XRP holdings. Evernorth invested roughly $947 million to acquire about 389 million XRP. Share this article Evernorth Holdings, an XRP treasury entity backed by Ripple executives, is sitting on paper losses of more than $220 million following the coin’s recent downturn. According to data tracked by CryptoQuant, Evernorth’s XRP position totals approximately 389 million tokens, purchased for about $947 million. Based on the current XRP price of $1.86, the value of that stake has declined to $724 million, resulting in a…

Solana and Ethereum can coexist in tokenization race: Dragonfly

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Solana and Ethereum will both thrive in the tokenization race and neither blockchain will push the other out of the space, says Dragonfly general partner Rob Hadick. “They are both Facebook,” Hadick told CNBC’s “Squawk Box” on Wednesday, when asked which blockchain will gain market dominance like social media platform Facebook or fall behind like the once-popular MySpace. Hadick said that with growing interest in tokenization and increasing economic activity onchain, there’s room for multiple blockchains to coexist.  “There’s a lot of room in this market. If you believe that…

Tokenization Expands the Definition of Money: Kraken Exec

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Blockchain tokenization is transforming money beyond fiat currencies such as the US dollar by allowing users to save and instantly move virtually any asset across platforms, says a Kraken executive. “I think we’re past the point where money only means fiat or your local currency,” Kraken Head of Consumer Mark Greenberg told CNBC on Wednesday, adding that “anything can be money” with tokenization. “You can save in Tesla xStock, you can save in Bitcoin, or — as a Canadian — you can save in US dollars, euros, euro-denominated stablecoins, or…