Nasdaq | Crypto

Roughly $88.5 million in closing-linked gross sources remains conditional, with expenses and spending choices deciding additional XRP demand. The post Evernorth’s Nasdaq XRP treasury is approved, but its real buying power isn’t the $300 million expected appeared first on CryptoSlate.

Evernorth expects to begin trading on Nasdaq under the ticker XRPN after its SPAC merger closes, with an XRP treasury worth roughly $710 million at current prices. Evernorth is set to become a publicly traded XRP treasury company after shareholders of blank-check firm Armada Acquisition Corp. II approved their proposed business combination. The deal is expected to close on Oct. 7, with shares of the combined company set to begin trading on Nasdaq under the ticker XRPN the following day, subject to remaining closing conditions. The vote clears a key hurdle after Evernorth filed its Form S-4 registration statement with the US Securities and Exchange Commission in March. The registration statement was declared effective in August, leaving shareholder approval as one of the remaining steps before the Nasdaq listing. Read more

Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange. Animoca Brands has suspended plans to take the company public through a reverse merger with Nasdaq-listed Currenc Group. Both parties mutually agreed on the decision after reviewing market conditions and the deal’s projected closing timelines, Animoca announced Tuesday. Under the proposed transaction, Currenc would have acquired Animoca, with Animoca shareholders owning 95% of the combined Nasdaq-listed company. Read more

The expanded Payward relationship adds surveillance across five market categories while NETs remain a Q2 2027 target. The post Nasdaq deepens Kraken ties with proposed $100 million Payward investment appeared first on CryptoSlate.

Nasdaq invested $100 million in Payward as part of its push toward tokenized stock products with round-the-clock trading. Nasdaq has invested $100 million in Payward, the parent company of cryptocurrency exchange Kraken, as part of the New York electronic bourse’s expansion into tokenized assets. Nasdaq’s venture arm made a $100 million investment in Payward, the exchange operator revealed in a Thursday announcement. As part of the deal, Kraken will offer tokenized versions of Nasdaq-listed stocks on its own platform. The investment builds on Nasdaq’s partnership with Payward announced in March. The investment valued Kraken’s parent company at $21 billion, people familiar with the matter told Bloomberg on Thursday. Cointelegraph approached Nasdaq for comment on the matter but did not receive a reply before publishing time. Read more

DEFT missed the required closing-price streak but could qualify for another 180 days as its consolidation option remains unused. The post DeFi Technologies misses Nasdaq $1 deadline as DEFT faces delisting review appeared first on CryptoSlate.

Armada II holders can approve and still redeem, making trust cash and public float the measures that matter next. The post Evernorth’s XRP strategy hinges on one number after Nasdaq vote appeared first on CryptoSlate.

Evernorth has gained SEC clearance, teeing up a shareholder vote on its Nasdaq listing—while the firm's XRP stash sits well below what it paid for it.

DVLT's first cure period ends Aug. 24, while another 180 days depends on other listing tests and a written split notice. The post Datavault hits Nasdaq deadline 68% below $1 as extension or delisting decision looms appeared first on CryptoSlate.

Its holdings were valued at $5.21 million on June 30, while order economics and sale timing remain undisclosed. The post Down 50% on crypto and burning $8 million in cash, this Nasdaq firm just pivoted to event robots to survive appeared first on CryptoSlate.

Bitcoin trailed the Nasdaq 100 by 68 percentage points over the past year, and it has spent the last 60 days turning that deficit into a five-point lead. According to Glassnode's cross-asset return table, Bitcoin fell 44% over the past twelve months while the Nasdaq climbed 24%, making crypto the only asset group in the […] The post How crypto turned a 68-point deficit into a market lead as Bitcoin and top altcoins outrun the Nasdaq appeared first on CryptoSlate.

The healthcare-data company reported a $3.41 million working-capital deficit as equity became its clearest disclosed funding path. The post Nasdaq healthcare company promised Bitcoin would safeguard its future – then sold every coin to stay afloat appeared first on CryptoSlate.

The rule is not operative, but Greenlane’s disclosed share count implies a steep price hurdle if the stay is lifted. The post How a public firm’s $70 million altcoin bet crashed 77% and left it facing Nasdaq delisting appeared first on CryptoSlate.

Nasdaq’s acquisition of the third-largest US alternative trading system comes as the exchange operator expands into tokenized securities and longer trading hours. Nasdaq has agreed to acquire LeveL Markets, the third-largest alternative trading system in the US by trading volume, as part of its push into tokenized and always-on markets. According to Nasdaq, LeveL Markets processes hundreds of millions of shares daily and serves more than 2,500 buy- and sell-side clients. The venue will operate within Nasdaq’s new Digital Liquidity Networks unit, led by Roland Chai, who has overseen the company’s digital assets strategy since earlier this year. Nasdaq first invested in LeveL Markets in 2021. The platform has since grown to execute trades across more than 7,000 symbols daily and serves more than 300 institutional buy-side firms, with average daily trading volume increasing 56% in 2025. Read more

The AVAX treasury company must hold a $1 closing bid and $35 million listed-securities value threshold for at least 10 consecutive business days. The post Nasdaq puts $675 million Avalanche Treasury on the clock over two listing failures appeared first on CryptoSlate.

Commission review puts QBTC’s conditional approval at risk while an Aug. 24 statement deadline opens the next round. The post CME freezes Nasdaq’s major Bitcoin launch, warning a legal loophole could upend the entire commodities market appeared first on CryptoSlate.

The signed agreement targets closing within 12 business days but leaves the required capital increase and approvals unresolved. The post Ten mystery investors are using 2,380 BTC to completely hijack a Nasdaq company and gut its leadership appeared first on CryptoSlate.

IOND closed its first session at $62.90, while broker transfers and securities restrictions still shaped practical liquidity. The post Why 37 million Celsius bankruptcy shares are blocked from an immediate cash-out despite Nasdaq debut appeared first on CryptoSlate.

The settlement changes nearly 2 million warrants while filings name no successor CIO or asset manager. The post BNB treasury company dumps its crypto manager after Nasdaq suspends its stock, leaving no one in charge of its treasury appeared first on CryptoSlate.

The Bitcoin miner and AI infrastructure company closed at $62.90, giving it a market capitalization of about $2.8 billion after its direct listing. Ionic Digital shares climbed about 26% from their opening price in their Nasdaq debut Tuesday after the Celsius-linked Bitcoin miner and AI infrastructure company completed its direct listing. The shares opened at $50 and closed at $62.90, giving Ionic a market capitalization of about $2.8 billion based on approximately 44.9 million shares outstanding, according to its registration statement filed with the US Securities and Exchange Commission. Ionic was formed in 2024 to acquire Celsius Mining’s assets through the bankrupt crypto lender’s restructuring and has since expanded into AI and high-performance computing infrastructure. Read more