Evernorth has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP and raising about $300 million in gross cash proceeds ahead of its expected Oct. 12 Nasdaq trading debut. Summary 473 million XRP formed Evernorth’s treasury at closing, alongside approximately $300 million in gross cash proceeds. XRPN shares are expected to
Evernorth completed its merger with Armada Acquisition Corp. II on October 9 and expects XRPN shares to start trading on Nasdaq on October 12. XRP remains near $1.40, leaving the market to distinguish an existing corporate holding from potential fresh demand. Summary Evernorth says it closed with approximately 473 million XRP and $300 million in
Papertrade has scheduled its HyperEVM perpetuals exchange to begin trading on Oct. 10 with up to 1000x leverage, after DefiLlama tracked about $85.3 million in deposits ahead of the opening. Summary $85.3 million in tracked deposits includes trader balances and the protocol’s house-side pool. Trading is scheduled for 10 a.m. ET, following a planned HyperEVM
Hong Kong has warned that payment platforms operating without required licenses face enforcement action, after its monetary authority received 16 complaints about suspected unlicensed stored value services between January 2024 and September 2026. Summary HKMA received 16 complaints about suspected unlicensed stored value services, with one case substantiated. Hong Kong law prohibits unlicensed stored value
China has called for a national blockchain network and an integrated computing power network in a policy document covering 19 measures to develop technology-led industries and connect the digital economy with real-world production. Summary China’s new policy calls for national blockchain and computing networks alongside changes to data ownership rules. The document proposes data-market trials,
The attacker behind Triple-A’s July treasury breach has transferred 4,970 ETH worth approximately $12.4 million into Tornado Cash, according to blockchain security firm Salus. Summary 4,970 ETH entered Tornado Cash on Oct. 9 through 56 deposits, according to Salus. The attacker combined funds from two intermediary addresses through a single wallet before depositing them. Triple-A
NFT sales reached $39.85 million over the seven days to Oct. 10, up 0.90% from the previous week, as Ethereum retained its blockchain lead and Pudgy Penguins sales more than doubled. Summary $39.85 million in weekly NFT sales marked a 0.90% increase from the previous seven days. Buyer addresses fell 85.33%, while NFT transactions declined
In this week’s edition of the weekly recap, Bitcoin lost its early-October gains as U.S. exchange-traded funds recorded heavy withdrawals, while the Treasury abandoned two proposed crypto reporting rules. OKX added institutional investors at a $25 billion valuation, and Ethereum developers advanced the network’s next upgrade. Summary Bitcoin recovered above $82,000 after falling toward $80,300,
Fireblocks’ research chief has identified exposed public keys as the main factor in Bitcoin’s future quantum risk, citing public estimates that roughly 6.7 million to 7 million BTC sit behind keys already visible onchain. Summary Older Bitcoin outputs and reused addresses can leave funds behind public keys that are already exposed. Fireblocks recommends fresh deposit
OKX has launched crypto-backed USDC loans in Europe, allowing customers to borrow up to 250,000 USDC, or 3.25 million USDC for VIP clients, without a fixed repayment term. Summary OKX says customers can borrow up to 80% of collateral value against more than 40 assets. The launch announcement lists variable hourly interest of 0.000229%, equivalent
