Crypto World
Ripple (XRP) News Today: March 19
Ripple keeps broadening its reach outside the US, while whales have shown notable interest in XRP.
Ripple remains one of the most talked-about projects in the crypto space, driven by constant developments across its ecosystem.
Despite the ongoing market correction, XRP (the company’s native token) has posted weekly gains, whereas some key indicators suggest a more substantial rally could be on the horizon.
The Global Expansion and More
In the last several months, the American-based entity expanded its footprint in the Middle East, while earlier in March, it announced plans to secure an Australian Financial Services License. Such a permit would allow the firm to operate a fully licensed payments platform in Australia and offer services under a recognized regulatory framework.
Just a few days ago, Ripple widened its reach across Brazil by becoming “the only solution in the region capable of serving institutions across the full spectrum of financial needs – from cross-border payments and digital asset custody to prime brokerage and treasury management.” Additionally, the company applied for a Virtual Asset Service Provider (VASP) license with the nation’s central bank.
It also made strides in the North American market by teaming up with i-payout to help the latter enable fast, transparent cross-border payments.
Another major news related to Ripple is Evernorth’s step forward to listing on the Nasdaq. The venture that focuses on accumulating, managing, and providing institutional exposure to XRP filed a Form S-4 registration statement with the US SEC in connection with its planned merger with Armada Acquisition Corp. II. Last year, the entity revealed that it had raised over $1 billion in gross proceeds from major institutions such as Ripple Labs, Pantera Capital, Kraken, SBI Holdings, and others.
The ETF Front
2025 was pivotal for Ripple, not only because its long-running legal battle with the SEC finally ended, but also due to the launch of the first spot XRP ETF, which offered full exposure to the asset. This happened in November, and the company behind the product was Canary Capital.
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Some renowned firms, including Bitwise, Franklin Templeton, 21Shares, and Grayscale, followed suit, and the investment vehicles have so far generated a cumulative total net inflow of more than $1.2 billion.
However, over the past week, outflows have dominated inflows, indicating that institutional appetite for Ripple’s native token has been declining. After several consecutive red days, the netflow finally flashed green on March 17, and we have yet to see whether the interest will pick up in the short term.
XRP Outlook
As of this writing, Ripple’s cross-border token trades at around $1.44 (per CoinGecko), representing a 4% weekly increase. This contrasts with the losses that many other altcoins have posted during that timeframe.
The broken negative streak on the ETF front, as well as the recent whale accumulation, suggest XRP may record additional gains in the near future. As CryptoPotato reported, large investors purchased 200 million coins in the past two weeks, showing strong confidence in the asset and setting the stage for a possible move north.
The USD equivalent of the stash is roughly $290 million, and this group of market participants now controls 11.1 billion tokens, or 19% of XRP’s circulating supply.
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Crypto World
Vivek Ramaswamy Strive Beats Tesla in Bitcoin Holdings, Hikes SATA Dividend to 12.75%
Vivek Ramaswamy Strive Asset Management just passed Tesla on the corporate Bitcoin leaderboard.
The firm now holds 13,310.9 BTC worth roughly $944 million, claiming the 10th spot among public treasury holders. Tesla’s 11,509 BTC is now behind them.
The update came alongside Q4 results that also confirmed a dividend hike for SATA preferred stock to 12.75% and a $50 million investment in Strategy’s STRC preferred stock.
Strive is not just talking about Bitcoin. It is building a treasury to match.
- BTC Holdings: Strive now holds 13,310.9 BTC (~$944M), surpassing Tesla to enter the top 10 public treasuries.
- SATA Dividend: The board hiked the dividend on SATA preferred stock to 12.75% to attract yield-focused capital.
- STRC Investment: The firm deployed $50 million into Strategy’s STRC preferred stock to generate yield on its balance sheet.
Ramaswamy Strive’s Bitcoin Capital Stack: Funding the Buy
Strive is scaling its Bitcoin treasury fast using a mix of at-the-market offerings and structured finance instruments.
Since going public in September 2025, the firm has accumulated BTC through PIPE proceeds and its acquisition of Semler Scientific. The latest tranche added roughly 317 BTC.
The capital stack is deliberate. Strive purchased $50 million of Strategy’s STRC preferred stock to fund its SATA dividend program. Holding high-yield Bitcoin-backed instruments like STRC generates the cash flow needed to support the 12.75% payout while maintaining direct BTC exposure at the same time.
The numbers back the approach. Strive reported a Bitcoin Yield of 22.2% in Q4 2025. GAAP net loss came in at $393.6 million driven by fair value declines. But GAAP is not the metric investors in this playbook are watching. BTC per share accretion is. And that number is moving in the right direction.
What It Means for Corporate Adoption: A New Leaderboard
Passing Tesla is more than a leaderboard moment. Tesla has held a static position since its initial buys and partial sales. Strive represents something different entirely. A financial firm actively re-engineering its balance sheet around Bitcoin as a core strategy.
The shift is broader than one company. Institutional crypto is moving from passive holding to active treasury management. Evernorth built a SPAC around XRP reserves.
Strive is proving public markets will award a premium to companies that successfully securitize Bitcoin holdings. The model gives shareholders Bitcoin volatility plus a yield component through the 12.75% SATA dividend. Spot ETFs cannot offer that combination.
CEO Matthew Cole has signaled the accumulation is not slowing down. Over $83 million in cash remains on hand with a $500 million shelf offering still available. The buy walls are staying active.
The infrastructure is built. The capital is deployed. The race for balance sheet supremacy is accelerating and Strive just moved into the top 10.
Discover: The best new crypto in the world
The post Vivek Ramaswamy Strive Beats Tesla in Bitcoin Holdings, Hikes SATA Dividend to 12.75% appeared first on Cryptonews.
Crypto World
Shiba Inu Price Prediction 2026: SHIB Fights to Reclaim Its Glory While Pepeto Offers the 150x Early Window That SHIB Already Closed
A truck driver put $650 into Shiba Inu in 2020 and quit his job after his bag grew to $1.7 million. Two brothers invested $7,900 during the COVID lockdowns and cashed out $9 million.
A warehouse manager put $8,000 in and retired at 35. Every one of those entries happened before the listing, before the world found out. The shiba inu price prediction for 2026 matters, but the entry that made those millionaires no longer exists. A new one does.
Shiba Inu Price Prediction: T. Rowe Price Files Crypto ETF Including SHIB as Whales Hold During Fear
T. Rowe Price filed an SEC application for a crypto ETF naming SHIB among its holdings, the first time a traditional manager this size included Shiba Inu. The Block reported details on custody and staking plans.
CoinGecko shows SHIB at $0.00000569, down 93% from its $0.00008616 ATH, while the market sits in extreme fear at 23. The shiba inu price prediction debate is heating up, but the early entry that created millionaires is permanently gone.
Shiba Inu Price Prediction and the Presale That Offers What SHIB Used To
Pepeto is an exchange presale built on the foundation that made meme coins produce millionaires, except this time the project has products that SHIB launched without. The cofounder who created the original Pepe coin is building a complete trading ecosystem at $0.000000186, and the distance between that number and a Binance listing is where the next early investor stories get written.
A cross chain bridge moves tokens between networks without charging a fee, so you keep every dollar you transfer. The risk scorer checks contracts for the traps that wiped out wallets during the last meme coin cycle, catching the danger before your capital gets close to it.
The SolidProof audit was completed before the Pepeto presale opened, the opposite of what happened with SHIB, DOGE, and every meme coin that made early holders rich without a single page of security verification. More than $8 million has entered during extreme fear, and the conviction mirrors the pattern that preceded every successful presale to listing event in the last three years.
SHIB reached $0.00008616 with zero products on a token that started as a joke. Pepeto has the same meme energy, the same cofounder pedigree, and a full exchange that SHIB never built. The 420 trillion supply matching Pepe’s ATH is 150x from here, and 196% APY staking grows your position while you wait for the listing that erases this price forever.
Shiba Inu (SHIB)
SHIB trades at $0.00000569, per CoinGecko, sitting 93% below its $0.00008616 ATH. Shibarium upgrades and the T. Rowe Price ETF filing add credibility.
The shiba inu price prediction for 2026 ranges between $0.0000082 and $0.0000098, a 42% to 70% gain. The entry that turned $650 into $1.7 million required getting in before the listing. At $0.00000569, SHIB is a recovery play, and recovery plays deliver recovery returns.
Dogecoin (DOGE)
DOGE trades at $0.09, roughly 88% below its $0.73 ATH, per Yahoo Finance. A bullish pennant formed after a 4.80% daily gain.
Analysts see $0.114 as the level that shifts the outlook from uncertain to real. Even reaching $0.20 is roughly 2x, decent for swing traders but nowhere near the return gap between a presale at $0.000000186 and a Binance listing.
Shiba Inu Price Prediction 2026: The Early Window That Made Millionaires Is Gone, but a New One Just Opened
The shiba inu price prediction shows a recovery path, and the T. Rowe Price ETF adds legitimacy. But the entry that turned $650 into $1.7 million happened before the listing. That window is permanently closed. The cofounder who built Pepe to $7 billion is now building an exchange at $0.000000186 with a SolidProof audit and a Binance listing approaching. The same $650 buys 3.5 billion Pepeto tokens today. Visit the Pepeto official website and take the position that the next millionaires wave of early stories will be written about.
Click To Visit Pepeto Website To Enter The Presale
FAQs
What is the shiba inu price prediction for 2026?
Analysts forecast SHIB between $0.0000082 and $0.0000098, representing 42% to 70% gains from $0.00000569. The T. Rowe Price ETF and Shibarium support the outlook but the early entry that created millionaires is gone.
Can Shiba Inu reach a new all time high this cycle?
SHIB needs 1,398% to reclaim $0.00008616. Most 2026 forecasts fall far short. Without a major burn event or catalyst, a new ATH looks unlikely this year.
Is Pepeto the next Shiba Inu for early investors?
Pepeto has the same energy plus a full exchange, SolidProof audit, and the Pepe cofounder. At $0.000000186 with 150x math, visit the Pepeto official website before the listing closes the early window.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
Hyperliquid whale wiped out as $458 million in crypto longs vanish
Crypto saw $458m in liquidations in 24 hours as Iran’s Gulf strikes and $110 oil triggered a brutal flush of overleveraged BTC and ETH longs led by a Hyperliquid whale.
Summary
- Total crypto liquidations hit $458 million in 24 hours, with $357 million of that from long positions and just $101 million from shorts, as 128,087 traders were wiped out.
- Bitcoin longs lost $138 million versus $24.3 million for shorts after BTC broke below $69,000, while Ethereum longs saw $82.6 million in liquidations as ETH briefly slipped under $2,100.
- A $10.8 million BTC-USD long on Hyperliquid was the day’s largest single liquidation, underscoring how the on-chain perps venue has become a bellwether for extreme leverage and stress.
The cryptocurrency derivatives market absorbed another brutal session on Thursday, with total liquidations across the network surging to $458 million over a 24-hour period as Iranian missile strikes on Gulf energy infrastructure sent shockwaves through global risk assets. The wipeout hit leveraged long positions hardest — a sign that traders positioned for recovery were caught off-guard by a fresh escalation in the Middle East war.
According to Coinglass data, long positions accounted for $357 million of the total liquidations, while shorts were cleared for $101 million — a roughly 3.5-to-1 long-to-short ratio that reflects a market in which bullish positioning was overwhelmed by a sudden surge in risk-off sentiment. A total of 128,087 traders were liquidated globally across the session, with the largest single forced closure — a $10.8 million BTC-USD position — occurring on Hyperliquid, the decentralized perpetuals exchange that has repeatedly featured in this cycle’s most notable liquidation events.
Bitcoin long positions were wiped for $138 million, while BTC shorts saw $24.3 million in liquidations — a clear indication that bulls attempting to hold the line near key support levels were flushed out as prices broke below $69,000 earlier in the session. Ethereum (ETH) long liquidations reached $82.6 million, with shorts cleared for $37.5 million, as ETH briefly fell below $2,100 — a psychologically significant level that had acted as near-term support.
The session’s liquidation profile is consistent with a broader pattern observed throughout the Iran war, which began on February 28. With Brent crude surging above $110 per barrel and Iranian strikes on Qatar’s Ras Laffan LNG terminal and Kuwaiti refineries driving a fresh wave of macro fear on Thursday, leveraged crypto traders found themselves caught on the wrong side of a correlation that has reasserted itself with full force: when global energy infrastructure is under fire, risk assets — including crypto — sell off.
The figures represent a meaningful acceleration from recent sessions. On March 15, total liquidations reached only $77 million across the market, with the largest single Hyperliquid event clocking in at $1.1 million. By March 19, that largest single liquidation had grown nearly tenfold to $10.8 million, underscoring how rapidly conditions deteriorated as news of the refinery strikes broke.
Hyperliquid’s continued dominance of single-event liquidation records is notable. The platform, which operates an on-chain order book and settles trades and liquidations on its own Layer 1, has become a focal point for large leveraged positions in this cycle — and consequently a bellwether for stress in the broader derivatives market.
Bitcoin’s (BTC) price remained below $70,000 as of Thursday afternoon, down over 3% on the day, while ETH traded near $2,100 — levels that keep a large body of leveraged long positions at elevated liquidation risk should conditions deteriorate further. With the quarterly Deribit options expiration looming and geopolitical uncertainty at its highest point since the war began, the risk of additional cascading liquidations remains elevated.
Crypto World
Cryptocurrency Market Sinks as Trades discount Fed rate cuts
Market Sentiment is caused by inflation issues
The oil prices have risen due to the US-Iran conflict, which has raised risks of inflation. Energy prices have also been on the increase which places strain on the general economy. As a result, investors minimized the risk assets including cryptocurrencies.In addition, the conflict has taken a long-term stage, which reinforced the fear of prolonged inflation. This trend still has an effect on the trading behavior in different markets.
According to Jerome Powell, inflation is still one of the major concerns of policymakers. He expounded that rate reductions are pegged on evident improvements in reducing the inflation rates. Therefore, there is a possibility that the Federal Reserve can retain its current position with longer periods.Also, the recent statistics revealed that producer inflation increased to 3.4 percent prior to the escalation of the conflict. The development enhanced the expectations that the rate cuts might not occur in this year.
There is a significant change in expectations indicated by prediction market data. Zero rate cuts in this year will be increased to approximately 35 percent. As a result, traders have shifted their ground in accordance with a stiffer monetary outlook.In addition, the liquidity prospects have been curtailed by the low anticipations of rate reductions. This change has burdened crypto assets which tend to enjoy the less competitive financial terms.
International Bodies Caution on The Hitting of Energy
The international monetary fund cautioned that the increase in the price of energy would have an impact on global growth. It was asserted that oil flows have already been affected by disruptions associated with the Strait of Hormuz. Moreover, the IMF mentioned that the inflation rates may go up all over the world due to sustained energy price increases.Also, the IMF said that reduced economy output can be a result of rising energy prices. Such forecasts indicate the more general effects of the current state of affairs on financial markets.Crypto markets are still under strain as inflation fears redefine the outlook of monetary policy. The increase in energy costs and the change of rate perspectives have been causing changes in investor behavior in digital assets.
Crypto World
Trump pressures Powell to cut rates as Fed holds line on inflation
Trump ramps up pressure on Powell to slash rates to 1% even as the Fed holds at 3.50%–3.75%, lifts inflation forecasts, and warns the Iran oil shock risks stagflation.
Summary
- Trump renews attacks on Powell, demanding immediate cuts and even 1% rates despite Brent above $110 and inflation expectations rising with the Iran war energy shock.
- The Fed leaves rates at 3.50%–3.75% and signals only one 2026 cut, with officials warning that oil-driven inflation could keep PCE near 3% and delay any easing.
- Economists say the U.S. now faces a classic stagflation trap, as cutting to appease Trump risks entrenching inflation while holding steady deepens demand destruction.
U.S. President Donald Trump renewed his public pressure campaign on Federal Reserve Chair Jerome Powell on Thursday, stating that Powell should cut interest rates — a demand that stands in direct contradiction to the Fed’s posture just 24 hours earlier, when the central bank held rates unchanged and signaled it expects only one cut for the entirety of 2026.
Trump’s statement, reported by Jinshi on Thursday, follows a pattern of escalating attacks on the Fed chair that has intensified since the Iran war began on February 28. As recently as March 12, Trump took to Truth Social to write: “Where is the Federal Reserve Chairman, Jerome ‘Too Late’ Powell, today? He should be dropping Interest Rates, IMMEDIATELY, not waiting for the next meeting!” The president has reportedly called for rates as low as 1%, even as soaring oil prices are pushing inflation expectations sharply higher.
Crypto markets have been trading this showdown in real time: Bitcoin has already slipped back below $70,000 after briefly tagging the mid‑$73,000s last week, while Ethereum has faded toward the low‑$2,200s as Fed funds futures price in barely a single cut for 2026 and the market starts to contemplate a “no‑cut” year. That leaves BTC caught between two narratives — a stagflation hedge if Powell caves to Trump and lets real yields fall, or just another high‑beta risk asset if the Fed digs in and higher-for-longer rates collide with an oil shock to crush liquidity across both TradFi and crypto.
The Fed voted to keep its benchmark rate in the 3.50%–3.75% range at its March 18 meeting, citing persistent uncertainty around both the Iran conflict’s economic impact and the residual effects of Trump’s 15% global tariff regime. Powell acknowledged that a rate hike remains unlikely but did not rule it out, noting that the Fed “will need to assess how enduring this situation is” in reference to the global energy crisis.
The Fed’s updated forecasts are expected to revise inflation projections upward, with many economists anticipating the central bank will now forecast inflation remaining as high as 3% by late 2026 — a level difficult to reconcile with rate cuts. Trump’s own nomination of Kevin Warsh to succeed Powell when his term concludes in May had been expected to usher in a more dovish era, but the Iran conflict may delay or complicate that transition.
The core tension is acute. Trump wants lower rates to stimulate a slowing economy and support financial markets battered by oil-driven uncertainty. But the Fed faces a classic stagflation dilemma: cutting rates risks entrenching oil-fueled inflation, while holding or hiking risks amplifying the demand destruction already underway as energy costs squeeze consumers and businesses.
CME FedWatch data shows markets assigning over 99% probability to no change at the current meeting, and Wall Street economists are increasingly calling for a zero-cut year. Oxford Economics chief U.S. economist Lydia Boussour noted that “given our elevated forecasts for headline and core PCE inflation, we have adjusted our baseline to reflect only one 25 basis point cut in 2026 — but it is entirely plausible the Fed won’t implement any rate cuts this year.”
The oil shock has already erased the inflation buffer that lower energy prices had provided earlier in 2026 in the face of Trump’s tariffs. With Brent crude above $110 and Iranian strikes on Gulf energy infrastructure widening on Thursday, the Fed’s margin for maneuver is narrowing — even as Trump’s demands grow louder.
Crypto World
Bybit Launches Yield Product For Tokenized Gold (XAUT)
Cryptocurrency exchange Bybit has launched a yield-bearing tokenized gold product that lets users earn interest on Tether Gold (XAUT), the latest entrant into a broader push to turn traditionally non-yielding assets into income-generating instruments.
The product is designed to convert tokenized gold — typically a passive store of value — into a yield-bearing asset using XAUT, the largest tokenized gold product, the company announced Thursday. It allows holders to earn passive income while maintaining exposure to gold prices.

Bybit said the offering is part of its broader expansion into tokenized real-world assets (RWAs), as it moves beyond traditional crypto trading products.
While earning yield on tokenized assets is not new, extending the model to gold is gaining traction across the industry, highlighting efforts to further financialize real-world assets on blockchain rails.
Earlier this week, tokenization platform Theo unveiled a $100 million structured investment facility backing its gold-linked, yield-bearing stablecoin, thUSD. The model involves purchasing tokenized gold while hedging price risk by shorting gold futures, aiming to generate returns from financing and derivatives market spreads rather than outright price moves.
Related: Tether expands support for USDT, Tether Gold in Opera’s MiniPay wallet
Gold sees extreme volatility after hitting record highs
After an historic rally that pushed gold prices above $5,500 per troy ounce, the yellow metal has experienced sharp volatility in recent months, reflecting a shifting macro backdrop.
Although gold is widely viewed as a hedge against risk, particularly during geopolitical shocks such as $100-a-barrel oil and the ongoing Iran war, prices have fallen by roughly $1,000 from their peak. The decline comes as investors dial back expectations for Federal Reserve rate cuts, while rising real yields and a stronger US dollar weigh on the metal.
Analysts also point to crowded positioning. In January, as bullion was nearing its peak, Bank of America’s global fund manager survey identified long gold as the most crowded trade in markets.

Gold’s premium relative to its long-term trend also reached its highest level since 1980, according to Bloomberg.
Nevertheless, tokenized commodities continue to gain traction. Cointelegraph reported that the market surpassed $6 billion in February, driven largely by gold’s historic rally.
Related: Tokenized gold drives weekend price signals while CME futures are closed
Crypto World
Wall Street heavyweight Cantor among investment banks pitching crypto trading firm FalconX for its potential IPO
Wall Street financial services firm Cantor is among investment banks that are pitching cryptocurrency trading platform FalconX for its potential IPO, according to two people with knowledge of the matter.
The company has held preliminary talks with possible advisors, but FalconX has not yet formally appointed bankers for its initial public offering, the people said, who spoke on condition of anonymity as the matter is private.
FalconX declined to comment. Cantor did not respond to a request for comment by publication time.
Investment banks often pitch companies for an IPO by presenting themselves as the best partner to take the business public, combining valuation analysis, market timing advice, and distribution strength.
The goal is to win the mandate by convincing the company that they can maximize valuation, ensure a smooth listing process, and generate strong aftermarket performance. While some firms might lead the IPO process, most deals are done through a syndicate of multiple banks.
Last year, Decrypt reported in June that FalconX had held informal talks with bankers and consultants about going public. Later in the year, the company’s CEO, Raghu Yarlagadda, told the Wall Street Journal that the firm was considering an IPO.
However, the crypto market has been under pressure since then, with the bitcoin price falling from an all-time high of $126,000 in October to near $70,000. Recently, CoinDesk reported that crypto exchange Kraken has put its IPO plans on hold after confidentially filing with the SEC in November, with sources saying the process will likely restart once the environment improves. To date, digital asset custodian BitGo (BTGO) is the only crypto native firm to list this year. The shares have fallen around 40% since their IPO.
Despite this tough market backdrop, crypto firms such as FalconX and Copper are continuing talks about potential public listings. Last year, several crypto exchanges, including CoinDesk parent Bullish (BLSH) and Gemini (GEMI), went public, and industry observers say that in 2026, financial infrastructure firms could be next in line for IPOs.
Cantor connection
Cantor and FalconX already have an existing relationship centered on institutional crypto lending, with the investment bank providing one of the first major credit facilities to the crypto prime broker.
In 2025, Cantor launched a $2 billion bitcoin-backed financing program and extended an initial credit line of over $100 million to FalconX, allowing it to borrow against bitcoin collateral and access liquidity without selling assets. The deal is part of a broader partnership aimed at building institutional-grade credit infrastructure in digital assets, reflecting growing convergence between traditional finance and crypto markets.
If Cantor wins the IPO mandate, it would likely be due to the existing relationship with the trading firm.
FalconX is a U.S.-based cryptocurrency trading and brokerage firm that primarily serves large institutional clients, including hedge funds, asset managers, and market makers.
Founded in 2018, the company operates as a digital asset prime broker, offering services including trade execution, liquidity access, credit and clearing. The company raised $150 million in a Series D financing round in June 2022, valuing the platform at $8 billion.
While no formal announcement has been made, FalconX has been scaling up ahead of a potential listing and has pursued an aggressive acquisition strategy over the past year as it builds out a full-service institutional crypto platform.
In 2025, the firm acquired derivatives specialist Arbelos Markets and took a majority stake in Monarq Asset Management, before striking a deal for crypto exchange-traded product (ETP) issuer 21Shares, its third major transaction of the year. Together, the deals expand FalconX’s reach across trading, derivatives, and asset management, reflecting a broader push to consolidate infrastructure and offer more regulated, institutional-grade investment products.
Cantor has steadily expanded its footprint in digital assets, positioning itself as one of the more active traditional finance firms in crypto markets. The Wall Street firm manages Tether’s U.S. Treasury reserves and has backed several crypto ventures, while publicly signaling support for blockchain infrastructure and trading businesses.
Its growing involvement reflects a broader push to bridge institutional capital with the digital asset ecosystem, particularly as more crypto companies explore public listings.
Cantor is a global financial services firm headquartered in New York. Founded in 1945, it’s best known as a major player in fixed-income trading, particularly U.S. Treasuries, as well as investment banking, brokerage, and asset management.
Crypto World
Chris Larsen uses ‘nonprofit’ to pump for-profit XRP treasury stock
Chris Larsen’s nonprofit, which has received over $190 million in tax-deductible donations, will soon control substantial voting power over for-profit Evernorth, a new XRP treasury stock heading for a Nasdaq listing through blank check company, Armada Acquisition.
Buried inside a 1,158-page SEC Form S-4 filed on March 18, regulations force Larsen to reveal exactly how he’s putting his own interests ahead of regular shareholders who might buy stock on the Nasdaq exchange.
Once the reader finds Larsen’s admissions, they’re clear.
“The economic interests of the Sponsor diverge from the economic interests of holders of the Public Shares,” Larsen admits regarding an entity in which his nonprofit has substantial investment and voting control.
Larsen’s RippleWorks Inc., an IRS-registered nonprofit, invested $500,000 in cash plus 211,319,096 XRP tokens into Arrington XRP Capital Fund, LP (the “Sponsor”).
As a result, RippleWorks now holds a majority of its limited partner interests.
Arrington XRP Capital Fund merely collects a “customary annual management fee” and must invest all of RippleWorks’ XRP tokens into Evernorth shares.
Arrington XRP Capital Fund’s general partner is an LLC whose sole managing member is tech blogger-turned-venture capitalist Michael Arrington.
Although Arrington holds formal voting and dispositive control over Arrington XRP Capital Fund regarding Evernoth, he has a contractual agreement to vote as RippleWorks directs him.
‘This structure may create potential conflicts of interest’
Indeed, an October 17, 2025 agreement requires Arrington XRP Capital Fund to “consult with RippleWorks on any decisions directly related to the disposition or voting of Evernorth Holdings Inc. Stock” and “to vote such shares as directed by RippleWorks.”
In addition, the Larsen Lam Children’s Remainder Trust will contribute 50 million XRP for 1,832,454 shares of Evernorth, giving Larsen even greater sway in the soon-to-be-public company.
Read more: Ripple thinks its SPAC can break XRP stocks losing streak
Larsen’s risk disclosures are blunt.
“This structure may create potential conflicts of interest between Mr. Larsen’s duties to Ripple, his influence over RippleWorks’ investment in Arrington XRP Capital Fund, and the interests of Evernorth Holdings Inc. and its stockholders.”
Although IRS filings show Larsen listed as secretary/treasurer with $0 compensation, RippleWorks owned $1.4 billion in assets for fiscal year 2024.
Larsen contributed most of these assets while RippleWorks derived 89% of its revenue in 2024 from dumping some of those assets. Its CEO, Doug Galen, earned $845,945 that year.
The filing acknowledges that Larsen “does not have direct control over RippleWorks’ voting or investment decisions with respect to Arrington XRP Capital Fund.”
He did, however, co-found this nonprofit, and he sits on its board. Larsen also serves as executive chairman of Ripple, which is contributing a further 126,791,458 XRP to the same company.
The SEC disclosure is frank. Larsen’s “dual roles and affiliations could give rise to situations where his interests as an executive of Ripple differ from or conflict with the interests of Armada Acquisition and holders of Armada Acquisition Class A Common Stock.”
Read more: Ripple’s new XRP treasury falls flat on first trading day
Another XRP treasury sweetener for Chris Larsen
Making Larsen’s deal even more sweet, if XRP rallies before closing, RippleWorks and Ripple receive bonus shares in Evernorth through a closing adjustment.
Even if XRP doesn’t rally, they keep their shares at a contractually fixed price.
RippleWorks emerged in 2015 as one of the first crypto-endowed nonprofits, bankrolled by Larsen and Ripple. It had donated millions of dollars to charitable causes yet still possessed $1.4 billion by the end of 2024.
Its 501(c)(3) tax filings show a peak charitable inflow in fiscal year 2018 of $178 million, the same year that XRP hit its all-time high.
In summary, a tax-exempt foundation co-founded by Ripple’s executive chairman directs the voting of Arrington XRP Capital Fund’s shares of Evernorth, a for-profit company.
Larsen’s nonprofit and a company he cofounded receive a guaranteed allocation plus extra shares in the soon-to-be publicly traded treasury stock if XRP rallies before the deal closes.
Cash and XRP from Larsen’s nonprofit, the Ripple company he co-founded, and his Children’s Remainder Trust are going into the Nasdaq deal.
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Crypto World
Pardoned BitMEX founder funds UK right-wing political hub, report
Pardoned BitMEX founder Ben Delo is funding a Westminster political hub that lends support to a network of controversial right-wing politicians and influencers, an investigation from The Guardian and HOPE not hate has revealed.
The hub, known as “The Sanctuary,” is made up of a number of rooms overlooking Westminster Abbey to which politicians, race scientists, and anti-abortion campaigners are given access free of charge. The rooms are reportedly used for events, office work, and podcasting.
Right-wing MP Rupert Lowe used the hub to launch his Restore Britain party after he was ousted from Reform UK.
The race science magazine Aporia, which has published articles on race and IQ, has also hosted events at The Sanctuary alongside the anti-woke author Eric Kaufmann, who spoke about “the problems with… black culture” and how people should be “comfortable with a natural level of inequality.”
Former UK Prime Minister Boris Johnson and Conservative leader Kemi Badenoch have visited The Sanctuary to appear on right-wing podcast Triggernometry.
Read more: BitMEX has now lost all US profits after founders plead guilty, lawyer says
A free speech festival promoting “anti-science, anti-expert, and anti-public health positions,” called The Battle of Ideas, uses The Sanctuary and has received £100,000 in funding from Delo.
An annual summer party is hosted each year at the hub and attracts a host of right-wing figures.
Last year’s events saw the likes of former Conservative MP Michael Gove, former Reform UK Deputy Leader Ben Habib, Reform UK loyalists Matt Goodwin and James Orr, and Paul Coleman, the director of a right-wing Christian group that helped overturn the Roe v Wade legislation.
When Queen Elizabeth died, Delo, right-wing figure Jordan Peterson, and his wife, Tammy Roberts, watched the funeral from The Sanctuary.
Delo doesn’t want The Sanctuary’s operations getting out
The Sanctuary takes great care to keep its operations under wraps, withholding its name from the building’s lobby plaques and telling users to keep quiet about the hub online.
Delo was convicted for failing to implement money laundering checks at his crypto exchange that were compliant with the Bank Secrecy Act.
Alongside his fellow BitMEX founders and the exchange itself, Delo was pardoned by US President Donald Trump last year as part of his attempts to appeal to the crypto industry.

Read more: Trump pardons Ross Ulbricht but Silk Road deputy remains behind bars
Delo runs the hub alongside his chief of staff, Jeremy Hildreth, an American branding consultant and old Oxford friend.
Hildreth manages the day-to-day operations of The Sanctuary and has donated £26,755 in legal costs to Badenoch for an online harassment case in 2021.
The Sanctuary itself is decorated like a gentleman’s club, and is adorned with gothic architecture, a taxidermy penguin, pictures of Victorian colonists, and cabinets filled with expensive gin and champagne.
In one framed picture of Delo, there’s a letter from Claire Fox, who runs The Battle of Ideas, praising Delo as “our free speech hero.” A copy of Delo’s pardon from Donald Trump is also framed in the halls.
Delo has also portrayed himself as a generous philanthropist and says that he’ll donate half of his wealth to good causes. Delo claims he has donated £100 million, and earlier this month, he donated £20 million to a maths and physics institute.
On top of free speech and public debate causes, he’s also reportedly donated to fields in neurodiversity and Commonwealth relations. Delo’s philanthropy efforts were also praised by Michael Gove, who said he was “proud to know” Delo.
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Crypto World
Celo Proposes Shifting Opera to ‘Long-Term Stakeholder’ with 160M CELO Grant
The move would replace quarterly CELO grants to Opera, which each required Celo governance approval, to a one-time token payment for a three-year partnership.
Publicly traded web browser Opera (NASDAQ: OPRA) announced that it has committed to being a long-term holder of Ethereum Layer 2 Celo’s native token, CELO, according to press release published today, March 19.
Celo Core Co., the primary developer and steward of the L2, submitted a governance proposal today outlining the plan to restructure its five-year-old partnership with Opera, namely proposing to shift the browser giant “from a distribution partner to a long-term network stakeholder.”
If approved by the Celo community, the new structure has Opera set to receive an allocation of 160 million CELO tokens — worth about $13 million at current prices — from the network’s “unreleased treasury,” meaning the tokens would not be purchased from the open market.
CELO rallied over 7% on the day on the news, bucking a broader market slump, though the token remains 99% below its 2021 highs and was trading around $0.08 at time of writing.

Quarterly to One-Time Grant
Under the proposed deal, Opera would swap its existing quarterly grant arrangement for a one-time token payout that initiates an additional three-year partnership between the two organizations.
In December 2023, the Celo community approved a proposal to pay Opera $568,182 per quarter in CELO — dubbed strategic grants, with each grant put before a governance vote on a quarterly basis — through Q1 2026, for a total of nearly $5.7 million, calculated at the time. The approved 2023 proposal emphasizes that Opera intends to hold and stake CELO, and has the ability to participate actively in governance.
These grants were effectively a marketing deal to increase the adoption of Celo DApps, namely MiniPay, specifically across Africa, where Opera Mini was the most popular browser at the time, per the proposal.
The 160 million CELO allocation in today’s proposal, also presented as “a grant for distribution services,” represents what both firms note is a shift to a more long-term partnership and commitment to the Celo ecosystem.
The allocation makes up approximately 27% of CELO’s current circulating supply and 16% of its 1 billion maximum supply. The one-time token transfer would come from Celo’s treasury into an Opera-controlled wallet, with Opera’s governance influence capped at 10% of total staked CELO under normal circumstance, per the governance proposal.
The proposal has already drawn scrutiny from some in the Celo community. One member of the governance forum, under the username Ginsburg, left a comment on the proposal earlier today, raising concerns about the deal’s structure and requesting further clarity from the team:
“This proposal effectively allocates ~160M CELO to Opera in lieu of a cash payment, which introduces meaningful dilution (or at least supply overhang) for existing token holders. I understand the strategic intent—aligning Opera as a long-term stakeholder and scaling MiniPay distribution—but the key question seems to be whether the expected user growth justifies the size of this allocation. If this were a market purchase, it would clearly signal demand. In this case, it’s more akin to CELO using its token as equity to acquire distribution.”
The vote remains pending before the Celo community governance forum. Opera and Celo also announced plans for a joint roadshow in Southeast Asia and Latin America “to drive grassroots adoption and grow the Mini App ecosystem,” starting next month.
Five-Year Partnership
The original partnership between Celo and Opera began in June 2021, when Opera first integrated CELO and Celo’s native stablecoins into the browser’s built-in crypto wallet, bringing cUSD and cEUR to millions of users.
That relationship deepened significantly in September 2023 with the launch of MiniPay, Opera’s self-custodial stablecoin wallet built directly on Celo, which has since grown to 14 million account registrations and processed 420 million transactions across 66 countries, according to the release.
Celo’s stablecoin activity and user base began surging in late 2024 as MiniPay drove adoption globally. Stablecoins more broadly crossed into mainstream fintech in 2025, with total market cap rising 50% even as broader crypto declined.
According to L2Beat, Celo has approximately $247 million in total value secured, making it the largest chain in the validiums and optimiums category — but a fraction of the scale of major rollups like Arbitrum or Base, which each hold over $10 billion.
Where Celo stands out is in user activity: per Token Terminal, the network currently leads all Ethereum Layer 2s by daily active users, with roughly 660,000 DAUs — a figure Celo attributes largely to MiniPay’s global reach.
This article was written with the assistance of AI workflows. All our stories are curated, edited and fact-checked by a human.
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