Evernorth Holdings (Nasdaq: XRPN), the XRP treasury company backed by Ripple, plunged 23.5% to $7.96 on Nov. 10 after a prospectus covering up to 73.7 million shares for resale went live. The Filing Behind the Drop The sell-off followed a final prospectus dated Nov. 9 and filed with the U.S. Securities and Exchange Commission (SEC). …
Continue reading “Ripple-Backed Evernorth Crashes Over 23% as Insiders Get Cleared to Sell”
Strategy (Nasdaq: MSTR) heads into MSCI’s final November review list on Nov. 11 with its index seat on the line, and analysts are already gaming out what a removal could cost. The Countdown to MSCI’s Verdict The index provider finalized new rules on Oct. 15 that make “non-operating companies” ineligible for its Global Investable Market …
Continue reading “MSCI Rules on Strategy Today and Billions in Forced Selling Hang on It”
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. The opinion editorial below was written by Michael Handelsman for Kelman.Law. A payments company wants merchants to settle invoices in a dollar stablecoin bearing its name. Before it …
Continue reading “Launching a Stablecoin: Become an Issuer or Partner With One? “
The cryptocurrency industry poured a staggering $471 million into the 2026 U.S. midterm elections, nearly doubling its 2024 contributions. An extensive investigation by James Delmore, a blockchain and crypto market analyst for Breadcrumbs and an independent writer, traces the extraordinary flow of political money, revealing which candidates and committees benefited, where the industry’s financial firepower …
Continue reading “Crypto Donors Flooded 2026 Midterms With a Record $471 Million”
Missouri’s attorney general has asked a federal court to stop sports-centric prediction market platform Novig from taking money from Missouri residents under a 2006 federal anti-gambling law, while Polymarket U.S. filed its own suit to block the state’s crackdown. Both filings landed on Nov. 9 in the same federal court in St. Louis. Missouri Counterclaims …
Continue reading “Missouri Turns Federal Gambling Law on Novig as Polymarket Sues State AG”
A dispute over who may regulate perpetual futures linked to individual US stocks is drawing some of crypto’s most prominent companies into federal court. Coinbase, Kalshi, Kraken parent Payward, DRW, Jump Trading and Paradigm have sought permission to support the Commodity Futures Trading Commission in litigation brought by the Capital Markets Alliance Association. Their proposed …
Continue reading “Coinbase, Kalshi and Other Firms Back CFTC in Fight Over Stock Perpetuals”
The wallet platform that grew up inside Telegram is trying to become a destination in its own right. Walt, previously branded Wallet in Telegram, launched a standalone Android app on November 10. The company says an iOS version will follow. For the first time, customers can sign up without using Telegram, with Google and Apple …
Continue reading “Walt Launches Standalone Crypto App After Years Inside Telegram”
Charles Schwab has moved three major altcoins from its expansion plan into its live crypto trading menu. The brokerage announced on November 9 that eligible Schwab Crypto clients can now trade Solana, Avalanche and Chainlink, alongside Bitcoin and Ethereum. The distinction between ‘planned’ and ‘available’ is the new milestone here. TL;DR: Schwab Crypto now supports …
Institutional investors will be able to access Bitcoin and Ether trading through an expanded relationship between 24X and Standard Chartered. In a November 10 announcement, 24X Bermuda said the banking group will extend its prime-brokerage role from foreign-exchange products to digital assets on 24X’s multi-asset technology platform. TL;DR: 24X says Standard Chartered is expanding its …
Visa’s growing list of blockchain settlement options reportedly has a new entrant: Monad. According to a November 10 report citing the Monad Foundation, participating Visa issuers and acquirers can now use the network for stablecoin settlement. That is a back-office financial infrastructure development, rather than a new consumer-facing Visa card that automatically makes every merchant …
Continue reading “Visa Adds Monad to Stablecoin Settlement Options as Institutions Seek More Rails”
The Minnesota lawmaker, who helped establish the Congressional Crypto Caucus, will stay on as Republican whip after Democrats won the midterms.
The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading.
The prediction markets operator says the issue involves procedural errors affecting a handful of contracts, many of which weren’t live, according to Politico. Prediction markets operator Kalshi is being warned of imminent charges from the US Commodity Futures Trading Commission over whether the operator properly notified the agency about new products, Politico reported Tuesday. The …
Continue reading “CFTC warns Kalshi of imminent charges over notification of contracts: Politico”
Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027. A consortium of 21 financial institutions has committed about $270 million in funding to a stablecoin initiative known as Project Faro. The project, backed by big banks, aims …
Continue reading “Global banks commit $270M to stablecoin venture targeting 2027 launch”
The company reported $496.1 million in combined digital-asset, pledged-digital-asset and equity gains, while adjusted EBITDA remained negative. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox Go to Source
