Serious money's views on cryptocurrencies are changing
Veteran investor Digital Asset Investor dissected this trend in a recent video, with specific mention of XRP, while pointing to a major institutional development that shows that this confidence is no longer just verbal.
Long-term investors are moving from artificial intelligence stocks to digital asset infrastructure. The question of which first-tier blockchain will carry these funds is becoming increasingly difficult to ignore.
Tier 1 blockchain: Coordination layer
Digital Asset Investor quoted comments from multiple analysts who believe that Tier 1 blockchain is a pillar of the emerging digital economy. A speaker in the video said: "Blockchain is the coordination layer of the digital economy. It is the infrastructure layer of the digital economy, that's all."
Another analyst directly linked this shift to artificial intelligence. As AI agents begin to operate on financial tracks, the blockchain that serves these tracks has become the core of infrastructure investment. People who own the first layer of blockchain can participate in all the successes built on top of it.
Digital Asset Investor identified the core first-level blockchain as: Bitcoin, Ethereum, Solana, XRP Ledger and BNB Chain. He pointed out that although some analysts discussing the deal avoided naming XRP directly, their analysis was already very clear. XRP's recent performance further confirms this view-the increase exceeded 50% in a few days, more than double the increase in Bitcoin (just over 21%).
Evernorth files Amendment No. 7 with SEC
The institutional story focuses on Evernorth, an independent XRP digital asset finance company backed by Ripple, Pantera Capital, Kraken, SBI Holdings and others. The company has filed Amendment No. 7 to its S-4 registration statement with the Securities and Exchange Commission and is merging with Armada Acquisition Corp. II, with the goal of listing on Nasdaq under the ticker symbol XRPN.
Evernorth has purchased more than 473 million XRP tokens. Unlike ETFs, the company aims to achieve growth in XRP per share through institutional and DeFi revenue strategies, ecosystem engagement and capital markets activities.
Digital Asset Investor also pointed out that the merged structure involves a subsidiary called Pathfinder Digital Assets. He suggested that Ripple might use it to make in-kind contributions to transfer XRP assets to Evernorth. He called the arrangement "a puzzle."
CLARITY Act and ETF data
Forecast markets show that the probability of the CLARITY Act being passed before October 2027 is 54%. Fidelity has publicly called on the Senate to pass the bill. In terms of ETFs, 21Shares research shows that in the first half of May alone, the U.S. spot XRP ETF absorbed 14.8% of net new supply. As of June, RLUSD supply increased by 1131%, with more than half of it deployed directly on XRP Ledger.

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