The SEC has approved Evernorth Holdings' merger registration with Armada Acquisition Corp II, allowing the combined company to list on Nasdaq under the ticker "XRPN." Armada shareholders will vote on the merger on September 30, 2026, which is the final step before the deal closes. Evernorth, backed by Ripple, aims to build a managed XRP treasury to grow XRP holdings per share, focusing on XRP infrastructure and liquidity. Following the news, XRP's price rose over 3% to around $1.46, supported by strong ETF inflows and institutional interest.
Lucid is recalling 27,185 Air luxury sedans in the U.S. due to a fire risk caused by an overheating exterior lighting circuit, which may also cause light failure and increase crash risk. The recall is the largest in Lucid's history, involving 70% mor...
Bitcoin rose 1.43% to around $79,904 but faces resistance near $81,337, with momentum indicators like RSI and MACD suggesting the rally may be losing steam. Futures open interest dropped 4.39%, indicating traders are closing positions rather than add...
DeFi Development Corp. purchased about 19,000 SOL tokens at an average price of $98.14, expanding its treasury to approximately 2.33 million SOL and equivalents. The purchase was partly funded by proceeds from its ZeroStack divestment and aims to dep...
Ethereum is trading near $2,501 after a strong rise but shows overbought signs with RSI at 76 and Stochastic above 90, indicating short-term momentum may stall. The MACD histogram at zero suggests balanced buying and selling pressure. Retail traders ...
Apollo Global Management reported record fee-related earnings of $785 million in Q2, a 25% increase year-over-year, with fee margins expanding to 58.5%. The company saw strong 34% growth in fee-generating assets under management and achieved a record...
