Evernorth, as an XRP treasury company backed by Ripple, has cleared the final hurdle in its merger with SPAC Armada. The U.S. Securities and Exchange Commission (SEC) has approved the S-4 registration statement; shareholders will vote on September 30, and the company will begin trading on Nasdaq under the ticker XRPN. If approved by investors, Evernorth will transform into a publicly traded XRP treasury vehicle and $XRP piyasasinda a new corporate demand channel will be created in the market. It was reported that a $233 million valuation loss was recorded for the company, but that it was not considered a structural issue.
In the mining sector, a tough rally was witnessed. Bitcoin's rise from $62,000 to $80,000 made sector stocks extremely reactive. Canaan, American Bitcoin, and Cango gained as much as 67% over the past three months. Bitcoin's 23% move helped miners rebound after the AI-focused losses earlier in the year and showed that BTC positions are still the primary “carry” despite the AI narrative. $BTC h.Volume Index suggests a sign of repositioning after the options expiry.
On the security front, The Sandbox announced it would fully cover the $700,000 bridge deficit on a 1:1 basis. Suitable SAND holders on Base and BNB Chain will receive Ethereum-based SAND from the project's treasury; the demand process will be opened within two weeks. In the same hours, OneKey explained that it reproduced a transaction-modification attack in the lab environment on an older Ledger Ethereum application version. According to Ledger’s statement, the bug had already been fixed in version 1.22.2, and no user funds were lost.
On the macro side, Kevin Warsh’s Jackson Hole remarks are on the radar of Bitcoin and gold investors due to signals regarding the Treasury buyback program and Fed policy. Warsh’s comments are read as a guiding signal for long-term U.S. yields and risk assets. $ETH ve SOL is trading during the day with a minor premium, while overall market volume increased.
Binance founder Changpeng Zhao said in a speech at Bitcoin Asia 2026 that Bitcoin could outperform gold in its next high-volatility period, and he emphasized that stablecoins are the leading conduit for artificial intelligence integration. From this perspective, XRP’s potential to expand the scope of its treasury company’s institutional investor base, mining stocks laying the groundwork for a new price discovery, and closely following the macro outlook after Jackson Hole stand out as the key prior catalysts.
Sources: CoinDesk, Cointelegraph, The Block, U.Today
This news has been compiled with AI support; it is not investment advice. Do your own research (DYOR).