UToday • October 10th 2026, 6:34 PM
Top Weekly Crypto News: Big XRP Day This Monday, Bitcoin Drops to October Lows, Ripple Advances XRPL Privacy Features
Key Summary
Crypto markets experienced a reversal this week, with Bitcoin falling to an October low and Ripple delivering updates on its institutional strategy and XRPL privacy features. Evernorth, a Ripple-backed company, completed its merger with Armada Acquisition Corp. II, paving the way for its Nasdaq listing under the XRPN ticker. The move has raised hopes for XRP-focused treasury exposure to public-market investors. Meanwhile, Shiba Inu struggled to maintain its gains, and the European Securities and Markets Authority (ESMA) is requiring crypto firms to close positions in stablecoins that do not comply with MiCA by January 8, 2027.
Please see our real time news feed on our Home Page
Big XRP Day This Monday as Bitcoin Drops to October Lows, Ripple Advances XRPL Privacy Features
Bitcoin Market Update
Crypto markets reversed course during the week, with Bitcoin falling from the $87,000 area toward $80,000 as selling pressure intensified. By Oct. 10, BTC had recovered to around $83,000, but the broader market remained under pressure.Ripple and XRP Ledger Updates
Ripple and the XRP Ledger delivered several important infrastructure updates, including a new account-delegation feature and developments in institutional adoption. Evernorth, the Ripple-backed company building an XRP-focused digital asset treasury, has completed its merger with Armada Acquisition Corp. II, according to a regulatory filing.Shiba Inu Struggles
Shiba Inu struggled to maintain its early-October gains as technical indicators weakened. The token rebounded from around $0.00000510, but weak volume suggested that buyers had not yet regained control.Regulatory Update
The European Securities and Markets Authority (ESMA) is requiring crypto firms operating in the EU to close positions in stablecoins that do not comply with the Markets in Crypto-Assets Regulation (MiCA) by January 8, 2027.#Bitcoin#US#Crypto#SEC#XRP#XRPL#Nasdaq