Evernorth, a Nasdaq-listed XRP treasury company, secured SEC approval to register up to 11.5 million shares linked to warrants with a strike price of $11.50. Full exercise of the warrants could raise $132.2 million for the company’s XRP reserves, which already comprise 473 million XRP worth about $638 million. The OCC’s final rule implementing the GENIUS Act bans stablecoin yield from January 18, 2027 and moves the yield programs of Coinbase, PayPal and Kraken to case-by-case review. Meanwhile, Solana’s Alpenglow upgrade reduces transaction finality from about 12.8 seconds to 150 milliseconds, as Bitcoin holds above $83,400 following $286.46 million in derivatives liquidations, 73.4% of which were taken from short sellers.
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