Evernorth's $1 billion XRP-only fund, initially set to debut on NASDAQ on October 8, 2026, has been postponed to October 12 due to an administrative delay. This delay does not affect the recent merger approval by Armada II shareholders or the fund's overall status. The treasury holds over 473 million XRP tokens and $300 million in cash equivalents, valuing it above $1 billion. The delay might even benefit the launch if market conditions improve, and the upcoming NASDAQ debut will be closely watched for demand and liquidity.
Regarding XRP’s planned NASDAQ fund launch delay, here is Pluang’s market snapshot as of Oct 07, 2026 23:32 WIB: Among 50 major cryptocurrencies priced on Pluang, 6 rose and 42 fell today. Notable movers include BAL (Balancer) at Rp16.297 with a 1-day change of +11.14%, EGLD (MultiversX) at Rp71.626 down 11.14% with Pluang order activity showing 57% Sell and 43% Buy, and THETA (Theta Network) at Rp3.854 down 10.37% with 100% Sell orders. Typical hold times range from 77 to 85 days.
BNP Paribas lowered Hormel Foods' price target from $26 to $23, indicating a potential 16.2% upside from its current price of around $19.80. Despite a 50.5% decline in its share price over five years, Hormel Foods remains attractive for dividend inve...
Barclays initiated coverage of Becton, Dickinson and Company (BDX) with an "Underweight" rating, indicating a cautious outlook for the medical technology stock. BDX is partnering with the U.S. government to boost domestic manufacturing and strengthen...
Morgan Stanley increased its price target for Eli Lilly to $1,430 from $1,419, maintaining an Overweight rating. This new target implies a potential upside of about 20.8% from the current share price of around $1,184. The adjustment reflects updated ...
Jito Labs has introduced JTX, a new self-custodial trading platform on the Solana blockchain. The platform supports spot trading of tokens, memecoins, tokenized equities, and ETFs, providing professional-grade execution tools. This launch aims to emp...
Bitcoin dropped near $83,000 after failing to surpass $87,200, while spot gold tested the $4,100 level following the Federal Reserve's unanimous decision to raise interest rates by 25 basis points to 3.75%-4%. The Fed cited solid economic growth but ...
