Evernorth Holdings is merging with Nasdaq-listed SPAC Armada Acquisition Corp II to create a publicly traded XRP treasury platform anticipated to record beneath ticker XRPN in early 2026. The transaction will elevate over US$1 billion, with US$200 million from SBI Holdings and backing from Ripple, Pantera Capital, Kraken and GSR,Continue Reading
Shares of the crypto exchange Gemini rose 32.2% in their Nasdaq debut, reaching a valuation of US$4.4 billion after the company raised US$425 million by selling shares at a price of US$28. The company’s IPO was 20 times oversubscribed, marking a significant turnaround for the exchange following years of regulatoryContinue Reading
The US Commodity Futures Trading Commission (CFTC) will deploy Nasdaq’s market surveillance technology to enhance its ability to monitor and regulate digital asset markets. The system is designed to provide the CFTC with automated alerts and cross-market analytics to detect fraud, manipulation, and disruptive trading activity more efficiently. The moveContinue Reading
Tron Inc. filed a shelf registration with the SEC to issue US$1 billion (AU$1.52 billion) in securities. The offering includes common and preferred shares, debt instruments, and warrants, depending on market timing. Funds raised will expand Tron Inc.’s TRX token holdings, already exceeding 365 million following the merger. Tron Inc.,Continue Reading
