SEC: Shiba Inu (SHIB) Not Security, Ripple’s Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed’s Decision — Top Weekly Crypto News
The post SEC: Shiba Inu (SHIB) Not Security, Ripple’s Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed’s Decision — Top Weekly Crypto News appeared on BitcoinEthereumNews.com.
XRP-based institutional giant to hit $1 billion New SEC S-4 filing reveals SBI Holdings paid $10/share as Ripple’s Chris Larsen injects 261 million XRP into the $1 billion Evernorth (XRPN) Nasdaq treasury. While the crypto market is still digesting the news, an S-4 form has appeared in SEC filings revealing the true scale of Evernote Holdings’ ambitions. As it turns out, this is not just about a Nasdaq listing but about building a full-scale institutional “leviathan” based on XRP with capital already exceeding $1 billion. Of the most interesting, exclusive details the document exposed is a significant difference in terms for the main contributors. Arrington Capital acquired the original SPAC for just $0.33 per share. Meanwhile, SBI Holdings, the Japanese giant, entered in a big way, paying $10 per share in cash. SEC: Shiba Inu (SHIB) Not Security, Ripple’s Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed’s Decision — Top Weekly Crypto News No, XRP Is Not Financial Instrument in Japan Yet, $25 Million Stolen via 200,000 USDC Trade in Resolv Labs Hack, 120 Billion Shiba Inu (SHIB) Exits Exchanges: Are Whales Back? — Morning Crypto Report Nevertheless, due to their ultra-cheap entry, the voting power of Arrington and others is capped, whereas SBI appears to have no voting restrictions. Japanese capital here is not only the main liquidity provider but also a real decision-maker. At the center of the structure stands the subsidiary Pathfinder, named after the native liquidity algorithm of the XRP Ledger. This effectively serves as Evernote’s vault. Ripple directly contributed 126 million XRP to this fund. Chris Larsen, Ripple’s cofounder, played a more complex move. His fund, RippleWorks, invested 211 million XRP into Arrington Capital, while Larsen himself added another 50 million XRP through a family trust. SEC clears SHIB…
Filed under: News - @ March 23, 2026 10:27 am