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Evernorth names Hugo Jeandesboz Chief Investment Officer. Former Coinbase Asset Management Co-Chief Investment Officer and Head of Solutions to lead XRP treasury strategy Evernorth also publishes updated number of shares issued to PIPE Delayed Funding Subscribers SAN FRANCISCO, Oct. 12, 2026 (GLOBE NEWSWIRE) - Evernorth Holdings Inc., (Nasdaq: XRPN), a digital asset treasury company building institutional access to the XRP economy at scale, today announced that Hugo Jeandesboz has joined Evernorth as Chief Investment Officer. Mr. Jeandesboz joins Evernorth from Coinbase Asset Management, where he served as Co-Chief Investment Officer and led the firm's Solutions investment strategies. He reports to Founder and Chief Executive Officer Asheesh Birla. As Chief Investment Officer, Mr. Jeandesboz leads Evernorth's XRP treasury strategy, including treasury allocation, liquidity management, and the active management of Evernorth's XRP holdings. He also serves as Evernorth's senior contact for Evernorth's trading counterparties and custodians. The role reflects a distinction Evernorth has drawn since its formation. A treasury built to hold an asset needs custody and controls. An active treasury model like Evernorth's also needs a defined treasury strategy, a risk framework, and accountability for both. Mr. Jeandesboz's new role supports Evernorth's continued development of those capabilities. "Hugo brings distinct experience that aligns with our active treasury strategy," said Asheesh Birla, Founder and Chief Executive Officer of Evernorth. "The growth of tokenized real-world assets, along with recent XRP Ledger upgrades that are bringing lending and DeFi to XRP, are creating opportunities Evernorth was designed to pursue. Capturing them takes someone who has priced risk on institutional desks in both traditional and digital asset markets. That combination is rare, and Hugo has it." Mr. Jeandesboz brings more than a decade of institutional trading and portfolio management experience across digital assets and traditional financial markets. He most recently served as Co-Chief Investment Officer at Coinbase Asset Management, where he led Solutions and oversaw bespoke investment strategies for institutional investors. Previously, he was Coinbase's lead derivatives trader, responsible for options, futures and on-chain markets. Before Coinbase, he traded interest rate derivatives at HSBC in New York focusing on U.S. dollar and G10 cross-currency swaps. He began his career at Société Générale, first in fixed income trading and later as a front-office quantitative strategist focused on ETF and algorithmic program trading. "The financial system is being rebuilt on programmable rails, and the XRP Ledger is becoming infrastructure where institutional capital can operate," said Mr. Jeandesboz. "Evernorth brings capital and public-market discipline to that shift at an early stage, and I look forward to building a treasury operation equal to the opportunity ahead." Evernorth is also providing an updated number of shares of Class A common stock issued to investors that entered into delayed funding subscription agreements. At closing on October 9, 2026, Evernorth issued an aggregate of 1,078,614 shares of Class A common stock to such investors, not 663,510 shares as was indicated in the Current Report on Form 8-K filed after closing due to a clerical error. Such number of shares was equal to the aggregate delayed funding subscription amount, whether in cash or XRP tokens, divided by $10.00 per share. About Evernorth Evernorth Holdings Inc. (Nasdaq: XRPN) is a publicly traded digital asset treasury company that provides investors with exposure to XRP through a regulated, liquid, and transparent structure. Evernorth holds one of the largest XRP treasuries of any public company and puts that XRP to work, pursuing strategies designed to grow XRP per share over time through institutional and DeFi yield strategies, ecosystem participation, and capital markets activities. To learn more, visit www.evernorth.xyz. Forward-Looking Statements. This press release contains forward-looking statements, including statements about Evernorth's treasury strategy, XRP Ledger developments, market opportunities, and the expected contributions of its Chief Investment Officer. They are based on current expectations and are not guarantees of future performance. Actual results may differ materially due to factors including the volatility of XRP and other digital assets, changes in laws and regulations, Evernorth's ability to execute its strategies, and the other risks described under "Risk Factors" in Evernorth's filings with the SEC. Evernorth undertakes no obligation to update these statements except as required by law. Media Contact Prosek Partners for Evernorth [email protected] Investor Relations [email protected]

Coinbase AI Agent outperforms Opus in fraud tests. Coinbase AI Agent outperforms leading AI models in fraud detection, offering faster transaction reviews and lower operating costs. Tldr. * Coinbase AI Agent reduced fraudulent transactions by 30% and fraud value by 22% during testing. * Coinbase's fine-tuned Qwen3.5-9B model outperformed leading closed-source AI models in fraud detection. * The specialized AI model achieved 55% lower response latency than Anthropic's Opus 4.5. * Coinbase tested AI models against 16,140 transactions involving 7,293 users and 813 confirmed fraud cases. * Coinbase AI Agent strengthens transaction security while maintaining clear limits on automated fraud prevention decisions. Coinbase says its tailored fraud detection model has outperformed a commercial AI system, while responding faster to payment reviews. The Coinbase AI Agent uses internal transaction records to assess suspicious activity on its Onramp service. CEO Brian Armstrong discussed the results on October 12, following a three-part engineering series issued last week. The findings come from company-run tests rather than an independent assessment of performance across other payment platforms. Coinbase AI Agent cuts Onramp fraud. Coinbase initially added an AI reviewer to fraud rules and machine-learning checks. In an online experiment, the company recorded 30% fewer fraudulent transactions and a 22% reduction in fraudulent transaction value. The agent reviewed sequences of recent payments instead of judging each transaction alone. It could stop a payment that passed earlier checks, but it lacked permission to reverse an existing block. The use of specialized AI comes as blockchain developers explore other security applications. An AI-assisted discovery of an XRP Ledger flaw recently led to a fix for a vulnerability that could have allowed unauthorized token creation. Internal testing supports smaller model. Coinbase compared several models using 16,140 transactions involving 7,293 users, including 813 confirmed fraud cases. Some newer general-purpose models missed more fraud despite improvements in the accuracy of flagged transactions. Engineers then adapted Qwen3.5-9B, a nine-billion-parameter open-weight model, using Coinbase's historical fraud records. Training ran on a single graphics processor and cost less than $100, the company's report said. Against Opus 4.5, the adapted model improved its F1 score by 9.6 percentage points. Separately, Vitalik Buterin's warning about AI and wallet security raised concerns that advanced systems could also threaten existing cryptographic protections. Faster reviews with clear decision limits. Coinbase reported a 55% lower median response time than Opus 4.5. Its model took 0.683 seconds per request, compared with 1.515 seconds for the commercial system, based on production measurements. The Coinbase AI Agent returned risk classifications, while application code applied transaction decisions. Meanwhile, a phishing incident involving Coldcard's social account showed that crypto security also faces threats beyond transaction fraud. Security firm CertiK warned last week that autonomous agents need clear limits and human accountability. Coinbase said its model requires continued testing as fraud patterns change, with established application rules controlling how the system acts. Maxwell is a crypto-economic analyst and blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good. October 12, 2026

Data Network surges by double-digit percentage as it reveals partnership with Sui. Reading Time: 3 mins read * Data Network and Sui tokens outperformed most large-cap crypto assets on Monday after they announced a strategic partnership, sealed with a $30 million investment in the AI training data protocol. The Sui Foundation and Data Network (DATA) have recently forged a strategic partnership, unlocking new AI capabilities into the Sui (SUI) network. The big reveal drove a surge in DATA's price, while SUI also posted significant gains. Data Network and Sui gains. Data Network, a rebrand of Story Protocol (IP), sharply climbed by nearly 16% over the past 24 hours. It rose from $0.1932 to $0.2239 per token before settling around $0.21 at the time of this report. Meanwhile, Sui slightly outperformed the top 5 cryptocurrencies by market cap, rising more than 4% over the same timeframe. It spiked from $1.09 to $1.14 per token before pulling back to roughly $1.13. Reason behind the move. Data Network has been actively overhauling its framework since the rebrand. After failing to gain considerable momentum with its general intellectual property (IP)-focused strategy for entertainment and gaming, it has shifted its priorities to AI training data rights, provenance, and consent. Since launching its new system, the platform has already been tracking over 1 billion data records. It builds around a vision of becoming the "trust layer for all AI training data." Before the weekend, Coinbase Markets has launched DATA, reigniting interest in the token. Striking while the proverbial iron is still hot, Data Network has announced a major partnership with Sui Foundation. Additionally, the latter has sealed the deal with a $30 million investment in the AI training data protocol. The disclosure coincided with a double-digit percentage increase in the value of DATA and conservative gains in Sui, which outperformed most major crypto assets on Monday. What the SUI-DATA link means. According to Data Network, Sui will benefit greatly from the deal, as its partner brings a live supply of rights-cleared AI training data into its infrastructure workloads. Trace backs and verifies these with over 250 million receipts for provenance. Moreover, Walrus Protocol provides the platform's underlying storage layer. Meanwhile, Sui Foundation's investment represents the highest institutional stake in Data Network. It adds to the holdings of PIP Labs and the Data Foundation. To further strengthen their connection, Sui Foundation welcomes Sy Lee, founder of Data Network and CEO of PIP Labs, as Strategic Advisor. Together, the companies aim to make Data Network's protocol operate natively on Sui in the coming months.