XRP

Shareholders of Armada Acquisition Corp. II have approved the merger with XRP treasury company Evernorth, clearing the path for the platform that is expected to hold roughly 473 million XRP to list on Nasdaq. The deal marks a new phase of XRP institutionalization and is expected to bring meaningful liquidity, market-making depth, and institutional custody standard upgrades to the XRP ecosystem.

CoinDesk reported on September 14 that the long-anticipated Dogecoin exchange-traded funds have suffered a serious shortfall of inflows since their simultaneous launch in the United States and Hong Kong in early September. In the first week of trading, net inflows into Dogecoin ETFs totaled less than $120 million, far below the $500 million threshold that industry analysts had expected before launch. In sharp contrast, the XRP and Solana ETFs launched at the same time together pulled in more than $3 billion in their first month, with the XRP funds alone attracting more than $1.7 billion and the Solana funds about $1.3 billion. The cold start for Dogecoin ETFs reflects that, in the eyes of professional institutional investors, Dogecoin is still regarded as a ‘retail-driven’ token, and its long-term value-store capability and institutional-money compatibility are being fundamentally questioned. The incident has also led the market to revisit the product-design logic of crypto ETFs, token-selection criteria and institutional-money flow trends.

Evernorth completes SEC registration, approaching Nasdaq listing

An XRP cross-chain bridge suffered a security incident when software errors mistook fake deposits for real ones, allowing attackers to extract $200,000 worth of real XRP tokens. The bridge has been halted and the operator has filed a complaint with the FBI.

Flare and D’CENT have partnered to launch XRP yield vault hardware wallet integration, enabling users to securely participate in XRP yield services through hardware wallets.