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8 Jun 2026, 08:02

XRP Treasury Race Is Heating Up Fast. Here’s What Evernorth Is Doing

Crypto commentator John Squire (@TheCryptoSquire) recently highlighted a significant development in the digital asset space. Evernorth Holdings, Inc. is advancing its merger plans to become the largest Nasdaq-listed company holding an XRP treasury. The story has drawn considerable interest from investors and industry observers watching institutional crypto adoption accelerate in real time. MASSIVE NEWS Evernorth is moving forward with its merger plans to become the largest Nasdaq listed company holding an XRP treasury. Institutions aren’t just talking about crypto anymore, they’re building around it. The XRP treasury race is heating up fast. pic.twitter.com/BrLJ1XEGwt — John Squire (@TheCryptoSquire) June 6, 2026 What Evernorth Is and How It Got Here Evernorth is a Nevada-incorporated digital asset company built around holding XRP at an institutional scale and simplifying access to the asset . The company is completing a business combination with Armada Acquisition Corp. II, a special purpose acquisition company trading on Nasdaq under the ticker XRPN. The deal was announced in October 2025. Since then, Evernorth has filed a Form S-4 registration statement with the SEC, formally disclosing its business plan, financials, leadership team, and long-term strategy. The company has raised over $1 billion in gross proceeds and now holds 0.5% of the total supply . Backers include Ripple, SBI Holdings, Pantera Capital, and Kraken. Evernorth’s Plans for XRP Evernorth’s strategy centers on holding XRP within a disciplined treasury structure and making that exposure available to investors through a regulated, publicly traded vehicle. The company also plans to pursue DeFi yield strategies using its XRP holdings to generate returns for shareholders over time. CEO Asheesh Birla has stated that “Evernorth provides an easy way for institutions and the public markets to gain exposure to XRP.” Global finance is entering a new era, and digital assets could play a key role in this transition. A Game-changer for XRP Evernorth gives institutional investors direct, regulated exposure to XRP without relying on an ETF structure. A publicly traded XRP treasury company adds price visibility, corporate governance, and shareholder accountability to an asset class that has operated largely outside traditional market structures. The backing of Ripple and major crypto funds signals confidence in XRP’s long-term utility in payments and financial infrastructure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What the Community Is Saying Observers welcomed the news as confirmation of XRP’s growing institutional credibility, with one commenter calling it validation for the XRP Ledger ecosystem and noting that regulatory clarity is driving the momentum. Another described institutions as actively building around XRP rather than simply discussing it, pointing to the treasury race as evidence that the asset is being taken seriously at the highest levels. Others noted that institutional accumulation of this kind is characteristic of a market shifting toward a new phase. One observer expressed satisfaction at seeing institutions adopt a position that XRP-focused communities have held for years. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post XRP Treasury Race Is Heating Up Fast. Here’s What Evernorth Is Doing appeared first on Times Tabloid .

8 Jun 2026, 07:30

How Likely Was Zcash Exploited? Grayscale CLO Points To On-Chain Odds

Grayscale Chief Legal Officer Craig Salm has suggested that Zcash’s own shielded user base may be offering a more meaningful signal on exploit risk than external prediction markets. His comments came after Polymarket opened a market on whether Zcash’s Orchard pool vulnerability , publicized on June 4, is ultimately confirmed to have been exploited on mainnet. The Polymarket contract, opened on June 5, currently shows a 10% chance of confirmation, with $14,306 in volume. The market asks whether the Orchard pool vulnerability was exploited before it was fixed, with resolution dependent on explicit confirmation from Shielded Labs, the Zcash Foundation, or the Zcash Open Development Lab, known as ZODL. It can also resolve “Yes” if there is an overwhelming consensus of credible reporting that a qualifying exploit occurred. How Likely Was Zcash Exploited? Salm’s argument was not that the Polymarket odds are wrong. Rather, he pointed to a different group of participants with a much more direct financial incentive to assess the risk: users who still hold funds inside the Orchard pool. “Perhaps a better ‘prediction market’ is the Zcash Orchard pool itself,” Salm wrote on X. “These are the users with potentially billions of dollars at stake in whether the vulnerability was exploited, since they’re most directly affected if excess ZEC claims exist in Orchard and the turnstile limit is reached. Yet Orchard balances appear to have declined by only ~5% since the exploit was disclosed, which may also simply reflect users preparing to move to a new shielded pool.” That framing shifts attention away from prediction-market pricing and toward observed user behavior. If Orchard users believed there was a high probability that invalid or unbacked ZEC had been created inside the pool , the economic incentive to exit would be substantial. Instead, according to Salm, balances appear to have fallen by only around 5% since disclosure. He cautioned, however, that the data does not prove the vulnerability was unexploited. “Not proof of anything, but an interesting signal from the users with strong economic incentive to assess the risk correctly,” he added. Notably, Polymarket market is not simply asking whether a serious bug existed. Its rules are narrower. A “Yes” outcome requires confirmation that the June 4 Orchard vulnerability was exploited on Zcash mainnet before the fix was activated by December 31, 2026, at 11:59 p.m. ET. Qualifying evidence includes confirmation that the bug was exploited, that extra or unauthorized ZEC was created through the vulnerability, or that a future upgrade, migration, audit, turnstile-accounting process, or official investigation reveals excess or invalid ZEC attributable to this specific issue. New or separate exploits after the original vulnerability was fixed are explicitly excluded. That means the market is effectively pricing the odds of a specific historical exploit being confirmed by official sources or broad credible reporting, not the broader question of whether Zcash faces future shielded-pool risk. Additional on-chain commentary from CipherScan pointed in a similar direction. The analytics account said 380,000 ZEC had been deshielded, but argued that the headline number overstated actual exit pressure. According to CipherScan, only half of the deshielded amount had moved, while 45% remained parked at transparent addresses.“ Only 21% of the deshielded ZEC actually left Zcash,” CipherScan wrote, putting that figure at 82,000 ZEC, or 1.6% of the shielded pool and 0.5% of total supply. It also said 47,000 ZEC went to exchanges, describing that as “the total sell pressure from Orchard holders,” equal to 0.28% of supply against a reported $6.7 billion market capitalization. CipherScan also noted that roughly 118,000 ZEC was shielded during the same period, arguing that even during peak concern, some users were still moving into shielded balances rather than only exiting them. “Holders parked. They didn’t panic,” the account wrote. “The selling was traders who were already on exchanges. Security is hardened and will be even more so.” At press time, ZEC traded at $425.

8 Jun 2026, 07:05

Bitcoin Surges 5% to $64K, Settles Near $62.5K as Trump Says Netanyahu Must Accept Iran Deal

Bitcoin climbed roughly 5% to around $64,000 on Sunday after U.S. President Donald Trump said Israeli Prime Minister Benjamin Netanyahu will have “no choice” but to accept a U.S.-brokered deal with Iran. Trump Says the Deal Is ‘Almost Complete’ The rally followed remarks in which Trump framed the agreement as a near-certainty and signaled he

8 Jun 2026, 06:50

Bitcoin Nears Bottom, But $3.67 Trillion in US Treasury Maturities Poses Key Risk: Analyst

BitcoinWorld Bitcoin Nears Bottom, But $3.67 Trillion in US Treasury Maturities Poses Key Risk: Analyst A leading crypto market analyst suggests Bitcoin may be approaching a long-term price bottom, but warns that a looming wave of U.S. Treasury bond maturities could introduce significant volatility. Jamie Coutts, a crypto market analyst at Real Vision, stated on social media that historical bear market patterns indicate a bottom could form in the second or third quarter of this year, with Bitcoin already entering a sustained accumulation phase. Analyst Sees Accumulation Phase Underway Coutts noted that Bitcoin’s current price action mirrors previous market cycles, where prolonged downturns eventually give way to accumulation by long-term holders. According to his analysis, the bottoming process is already in motion, and the asset is likely to find a floor within the next few months. However, he emphasized that this outlook depends heavily on broader macroeconomic conditions, particularly the behavior of the U.S. Treasury market. The $3.67 Trillion Risk Factor The primary risk identified by Coutts is the upcoming maturity of $3.67 trillion in U.S. Treasury bonds, set to occur in 2027. A significant portion of this debt was issued at near-zero interest rates during the COVID-19 pandemic to stimulate the economy. When these bonds mature, they will need to be refinanced at current interest rates of 4% to 5%, creating a massive liquidity demand that Coutts argues the market cannot currently absorb. He explained that such a large refinancing event would likely require intervention from the Federal Reserve, potentially through liquidity injections or quantitative easing measures. While Bitcoin is often seen as a leading indicator of shifts in global liquidity, Coutts cautioned that a distress signal from the Treasury market would need to materialize before any policy change occurs. What This Means for Bitcoin Investors For crypto investors, the analyst’s comments highlight a delicate balance. On one hand, the long-term bottoming pattern suggests a favorable entry point for patient buyers. On the other hand, the macroeconomic backdrop—specifically the U.S. debt refinancing cycle—could trigger sharp short-term moves. Coutts suggested that Bitcoin would likely be among the first assets to react to any shift in Fed policy, making it a key barometer for liquidity-driven markets. The analysis underscores the growing interconnectedness between cryptocurrency markets and traditional macroeconomic factors, particularly U.S. fiscal policy. As the 2027 maturity date approaches, market participants will be watching both the Treasury yield curve and Bitcoin’s price action for clues about the next major trend. Conclusion While Bitcoin’s long-term outlook may be improving from a technical standpoint, the shadow of $3.67 trillion in maturing U.S. debt looms large. The ability of the Federal Reserve to manage this refinancing without disrupting markets will be a critical variable for both traditional and crypto investors. Coutts’ analysis serves as a reminder that even in a bottoming phase, external macroeconomic forces can quickly alter the trajectory of risk assets. FAQs Q1: What did Jamie Coutts say about Bitcoin’s bottom? He stated that based on historical bear market structures, Bitcoin is likely to bottom in the second or third quarter of this year and has already entered a long-term accumulation phase. Q2: Why are U.S. Treasury bonds a risk for Bitcoin? $3.67 trillion in U.S. debt is set to mature in 2027. These bonds were issued at near-zero rates and will need to be refinanced at 4-5%, which current liquidity levels cannot support without Fed intervention. Q3: How might the Federal Reserve respond to this risk? The Fed may need to inject liquidity into the market to absorb the refinancing, which could boost risk assets like Bitcoin. However, a distress signal from the Treasury market would likely need to appear first. This post Bitcoin Nears Bottom, But $3.67 Trillion in US Treasury Maturities Poses Key Risk: Analyst first appeared on BitcoinWorld .

8 Jun 2026, 06:30

This Week in Crypto Law (May 30, 2026)

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This Week in Crypto Law The opinion editorial below was written by Alex Forehand and Michael Handelsman for Kelman.Law. The final week of May illustrated a defining trend

8 Jun 2026, 06:09

Dollar Hits Two-Month High Pressuring Bitcoin as Securitize Wins SEC Nod, RWA Tops $32B

Crypto News The US dollar has emerged as the most pressing near-term headwind for risk assets, climbing to its highest level in two months and squeezing Bitcoin as traders raise their bets on a Fed...