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Ripple unlocks 1 billion XRP from escrow; focus on how much will enter the market

Ripple unlocked 1 billion XRP from escrow at the start of October. Blockchain outlet U.Today reported the release was carried out in four transactions, with markets watching how much Ripple will place back into escrow within 24 hours. The unlocked amounts were split into 400 million, 200 million, 300 million and 100 million XRP. Ripple has typically re-escrowed a large portion of monthly releases, using the remainder for operations and ecosystem support.

Crypto

Evernose, major XRP holder, nears Nasdaq listing under ticker XRPN

Evernose Holdings, a treasury company with large XRP holdings, has entered final approval steps for a Nasdaq listing through a merger with SPAC Armada Acquisition Corp II. The combined company is expected to trade under the ticker XRPN and hold about 473 million XRP provided directly by Ripple. It has secured investment commitments of more than $1 billion from institutional investors. The deal’s closing timing is presented as the fourth quarter of 2026.

Crypto

Japan FSA approves trade settlement stablecoin pilot with three megabanks

Japan\'s Financial Services Agency has approved a fourth pilot project to use stablecoins for cross-border trade settlements, expanding tests into trade finance. The project will be led by TradeWaltz and involves Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corp, among others. The initial scope covers receivables purchases and settlement between exporters and banks. The pilot begins in September 2026, with a trust-based yen stablecoin expected for commercial use in the fiscal year ending March 2027.