Top story: Ripple-backed Evernorth lists on Nasdaq with 473M XRP treasury. At publication, Bitcoin was at $85,998 (+2.3% in 24h), Ether at $2,730.69 (+0.6% in 24h) and the total crypto market cap at $2.94 trillion (-1.4% in 24h).
Evernorth, backed by Ripple, received shareholder approval for its merger with Armada Acquisition Corp. II and will begin trading on Nasdaq October 8 with approximately 473 million XRP in treasury. The firm acquired roughly $214 million of that XRP at an average price of $2.54 in late 2025.
The US Treasury's Financial Crimes Enforcement Network sanctioned A7 Network for allegedly facilitating sanctions evasion for Iran through over $17 billion in dollar-denominated transactions between January 2025 and June 2026. The action reflects escalating US efforts to disrupt financial infrastructure supporting sanctioned regimes.
EU financial regulators are investigating how Binance continues serving European customers from Abu Dhabi without a Markets in Crypto-Assets license by relying on a reverse solicitation exemption. The exemption allows operation without registration if EU customers initiate contact.
The SEC proposed new custody standards for investment advisers and funds holding cryptocurrency, including pathways for self-custody arrangements. The proposal marks Commissioner Hester Peirce's final act leading the agency's Crypto Task Force before her departure this week.
The UK Financial Conduct Authority opened its authorization process for digital asset businesses on September 30, allowing firms to operate while applications are pending. Firms failing to secure approval by February 28, 2027, may face restrictions on new business with existing customers.
Written by CoinArticle's AI Newsroom from cited sources. Not financial advice.
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