The U.S. SEC has approved Evernorth's registration, clearing the way for its $1 billion Nasdaq listing under the ticker XRPN through a merger with Armada Acquisition Corp. II. Evernorth plans to actively manage its XRP treasury to generate yield and expand its token holdings, offering institutional investors regulated exposure to XRP without custody risks. Despite a $233 million impairment loss due to XRP's price drop, the deal structure was adjusted to protect investors by linking shares issued to XRP's market price at merger close. The merger is expected to complete by late Q3 or early Q4 2026, with a final shareholder vote on September 30.
BlackRock has purchased over $3.1 billion worth of Bitcoin and Ethereum in just eight days, acquiring 22,722 BTC and 385,633 ETH. This surge in buying coincides with a strong recovery in the broader cryptocurrency market. BlackRock's crypto funds, in...
Marvell Technology reported Q2 earnings and revenue above Wall Street expectations, with data center revenue up 46% year-over-year to $2.17 billion, driven by robust AI-related bookings. Despite this, shares fell 8% in premarket trading as investors ...
Cardano's ADA price rose 1.08% to $0.2147, maintaining support above $0.2004 amid optimism from the Ouroboros Leios protocol test. This test increased Cardano's transaction capacity by 500%, with four more testing phases before a planned mainnet upgr...
Hyperliquid Strategies raised $647 million in equity during its fiscal year ending June 30, 2026, using the funds to increase its HYPE token holdings to 29.3 million tokens valued at about $1.9 billion. The company reported net income of $305.5 milli...
Bitcoin price is steadily climbing toward a key resistance level near $83,000, which could mark a shift from a bear to a bull market if surpassed. However, technical indicators like the RSI show bearish divergence, suggesting momentum may be weakenin...
