Financial giant SBI has finalized a $290 million takeover of Bitbank, Japan's leading XRP exchange, to expand its crypto asset and stablecoin offerings.

Large holders transferred 301 million XRP out of four separate cryptocurrency exchanges, according to data from Cryptonews.

Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, backed by an XRP treasury worth roughly $710 million.