Main opportunities to watch tomorrow
On Monday, October 12, the main opportunities to watch are centered on XRP-related events and changes in APT's supply structure.
XRP / XRPN (Evernorth Nasdaq listing) — Most prominent event
Ripple-backed Evernorth (an XRP treasury company) has completed its merger with Armada Acquisition Corp. II, holding approximately 473 million XRP plus around $300 million in cash. XRPN is expected to begin trading on Nasdaq on October 12 (previously postponed from its original schedule due to administrative delays). This is the first major publicly traded pure-play XRP treasury vehicle, giving institutions direct exposure to the XRP ecosystem through shares and potentially boosting the institutional narrative and sentiment around XRP. A Nasdaq bell-ringing ceremony is also scheduled for October 14.