Satoshi

Satoshi Nakamoto

Bitcoin

<p>Crypto developments continue to reshape markets and politics this week. Ripple-linked Evernorth prepares a $1 billion public listing to build an XRP treasury, Jack Dorsey reignites the debate over Bitcoin’s true identity, and former New York governor Andrew Cuomo leans on crypto and AI as part of his political comeback in the New York City mayoral race. These stories highlight how blockchain, decentralized finance, and digital assets are increasingly influencing both global finance and public policy.</p>
<div class="key-takeaways">
 <ul>
  <li>Evernorth, backed by <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">Ripple</a>, plans a $1 billion SPAC merger to create one of the world’s largest XRP treasuries.</li>
  <li>Jack Dorsey sparked fresh discussion by claiming “Bitcoin is not crypto,” emphasizing <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a>’s monetary roots.</li>
  <li>Dorsey’s comments reignited speculation over his potential link to <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a>’s mysterious creator, Satoshi Nakamoto.</li>
  <li>Andrew Cuomo aims to position New York City as a global hub for crypto, AI, and biotech innovation.</li>
 </ul>
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<h2 id="ripple-linked-evernorth-to-go-public-in-1b-spac-to-build-massive-xrp-treasury">Ripple-linked Evernorth to go public in $1B SPAC to build massive XRP treasury</h2>
<p>Evernorth Holdings, a digital asset firm closely associated with Ripple Labs, announced plans to go public through a merger with <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-nasdaq.aspx?TargetURL=https://www.etoro.com/markets/nsdq100">Nasdaq</a>-listed Armada Acquisition Corp. II. The move aims to capitalize on institutional interest in publicly traded digital asset treasuries and strengthen XRP’s position in the crypto market.</p>
<p>The merger could generate over $1 billion in gross proceeds, including $200 million from Japan’s SBI Holdings, with further investments from <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">Ripple</a>, Pantera Capital, <a rel="noopener noreferrer nofollow" target="_blank" href="https://kraken.pxf.io/c/2054766/3298405/10583?subId1=cb-october&amp;partnerpropertyid=2675530">Kraken</a>, and GSR. Evernorth intends to use the funds to accumulate a large <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">XRP</a> (<a href="https://www.cryptobreaking.com/xrp-price-index" target="_blank" rel="noopener noreferrer nofollow">XRP</a>) reserve through open-market purchases.</p>
<p>Once finalized, the company is expected to trade on <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-nasdaq.aspx?TargetURL=https://www.etoro.com/markets/nsdq100">Nasdaq</a> under the ticker symbol <strong>XRPN</strong>. CEO Asheesh Birla said the initiative will “accelerate XRP adoption” by giving investors public-market access to <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-ripple.aspx?TargetURL=https://www.etoro.com/markets/xrp">XRP</a> and related decentralized finance (DeFi) strategies.</p>
<h2 id="what-is-bitcoin-if-not-crypto-rumored-satoshi-nakamoto-weighs-in">What is Bitcoin if not crypto? Rumored Satoshi Nakamoto weighs in</h2>
<p>Jack Dorsey, Twitter’s founder and a long-time Bitcoin advocate, has reignited debate in the cryptocurrency community with his post declaring, “<a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">Bitcoin</a> is not crypto.” His statement drew thousands of responses and reopened old discussions about Bitcoin’s unique role within the blockchain ecosystem.</p>
<p>While Satoshi Nakamoto originally described Bitcoin (<a href="https://www.cryptobreaking.com/bitcoin-price" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) as a “peer-to-peer cryptocurrency,” Dorsey emphasized its role as a form of money, not just another digital asset. He pointed out that the 2008 Bitcoin white paper makes no mention of “crypto,” describing <a rel="noopener noreferrer nofollow" target="_blank" href="https://med.etoro.com/B10215_A67747_TClick_Scb-bitcoin.aspx?TargetURL=https://www.etoro.com/markets/btc">BTC</a> instead as an “electronic cash system based on cryptographic proof.”</p>
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 <img src="https://www.cryptobreaking.com/wp-content/uploads/2025/10/019a0106-d507-7dfe-86f7-5f0c2b975759.webp">
 <figcaption style="text-align: center;">
  <em>An excerpt from the Bitcoin white paper. Source: Bitcoin.org</em>
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<p>Dorsey, who has long dismissed rumors of being Nakamoto, reaffirmed in past interviews that he’s not the creator. Still, his statements continue to influence how both investors and developers perceive Bitcoin’s distinct identity within the cryptocurrency landscape.</p>
<h2 id="andrew-cuomo-pitches-crypto-fueled-comeback-in-nyc-mayoral-bid">Andrew Cuomo pitches crypto-fueled comeback in NYC mayoral bid</h2>
<p>Former New York governor Andrew Cuomo is reportedly betting on crypto and artificial intelligence to power his bid for New York City mayor. His campaign vision is to make NYC “the global hub of the future” by aligning blockchain, AI, and biotech sectors to drive technological growth and economic renewal.</p>
<p>According to journalist Eleanor Terrett, Cuomo plans to appoint a chief innovation officer and establish an Innovation Council with advisory committees for crypto, AI, and biotech. The initiative aims to attract investment, create jobs, and modernize how the city supports emerging industries.</p>
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 <img title="" src="https://www.cryptobreaking.com/wp-content/uploads/2025/10/0199feed-89f1-7025-9fb1-5e35ced53542.webp" alt="Cryptocurrencies, Japan, China, Privacy, SEC, United States, Bank of Japan, Tornado Cash">
 <figcaption style="text-align: center;">
  <em>Source: </em><a href="https://x.com/EleanorTerrett/status/1979981713666183455" target="_blank" rel="noopener noreferrer nofollow"><em>Eleanor Terrett</em></a>
 </figcaption>
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<p>By leveraging blockchain and AI technologies, Cuomo hopes to redefine New York’s innovation strategy, signaling a broader shift in how political leaders embrace the digital economy and crypto regulation as tools for urban transformation.</p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/ripple-backed-evernorth-plans-1b/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Ripple-Backed Evernorth Plans $1B XRP Treasury Expansion</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

Ripple-Backed Evernorth Plans $1B XRP Treasury Expansion

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