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Crypto

XRP treasury firm Evernos pursues Strategy-style fundraising, size unclear

Evernos, an XRP treasury firm, plans to raise about $80.7 million by selling up to 5,218,935 newly issued Class A common shares to CF Principal Investments, an affiliate of Cantor Fitzgerald. It estimates net proceeds of about $78.3 million after fees and costs. The company plans to use most of the funds to buy more XRP. It is also pursuing funding through warrant exercises that could bring in about $132.2 million if fully exercised in cash.

AI & Enterprise

Goldman Sachs raises CoreWeave to buy but cuts price target

CoreWeave shares rose more than 6 percent in premarket trading after Goldman Sachs upgraded the stock to buy from neutral, while cutting its price target to $106 from $139. Goldman said the market is overpricing the risk of higher borrowing costs and undervaluing returns from computing assets. It expects annual recurring revenue per megawatt to rise and sees only limited increases in borrowing costs. Other analysts also highlighted growth prospects and key contracts.

Crypto

U.S. Senate report says 84 percent of Iran-linked sanctioned wallets mainly used Tether\'s USDT

Democrats on a U.S. Senate investigations subcommittee said many crypto wallets designated for sanctions or seizure tied to Iran and affiliated forces used Tether’s stablecoin USDT. The panel analysed 846 wallets and found 84 percent used USDT exclusively or mainly. The report also cited large transaction volumes and alleged links to groups and networks. Tether said it works with U.S. authorities and has frozen assets tied to Iran-linked wallets.