Evernorth clears shareholder vote ahead of Nasdaq debut with 473M XRP treasury
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XRP Treasury Company Gets One Step Closer to Listing on Nasdaq
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.
US pre-market news at a glance: Samsung's earnings report triggered a collective weakness in semiconductor stocks in pre-market trading; SpaceX officially debuts on the Nasdaq 100 today.
According to BlockBeats, the following are key market news items before the US stock market opened on July 7th: 1. Samsung released its Q2 earnings forecast, showing an operating profit increase of over 1800% year-on-year, with single-quarter profits exceeding the total of the previous three years. Simultaneously, the company's revenue also increased by 129% year-on-year, reaching 171 trillion won. Affected by the semiconductor sell-off triggered by the "sell-off" of Samsung's earnings, chip-related technology stocks generally weakened in pre-market trading. The three major US stock futures indices showed mixed results in pre-market trading: Dow Jones futures rose 0.41%, Nasdaq 100 futures fell 0.9%, and S&P 500 futures fell 0.09%. 2. SpaceX officially debuted on the Nasdaq 100 before the US stock market opened today, with Wall Street institutions collectively bullish. Most institutions believe that SpaceX is no longer just a traditional aerospace company, but a platform company with the potential for rocket launches, Starlink satellite internet, AI infrastructure, and future space computing. 3. DeepSeek is secretly developing its own inference chip. If successful, this would reduce reliance on external suppliers and give it more cost-effective hardware control. However, the project is still in its early stages and faces manufacturing and memory acquisition restrictions due to US export controls. 4. UBS recommends investors buy SK Hynix's upcoming American Depositary Receipts (ADRs) and sell its South Korean shares, as these new shares are expected to trade at higher prices. 5. JPMorgan strategists say the recent weakness in semiconductor stocks should be seen as a buying opportunity, as the chip upcycle is not yet over, and truly meaningful new supply may not appear until 2028. 6. US ADP employment change for the week ending June 20 was 21,000, compared to 30,750 in the previous week. 7. BlackRock will launch an ETF tracking the tech-heavy Nasdaq 100 index, aiming to meet investors' growing demand for participation in the AI-driven stock market rally and challenge Invesco's dominant position. 8. Amazon is returning to the US bond market to raise funds for its artificial intelligence infrastructure. The company will issue eight benchmark bonds with maturities ranging from 3 to 40 years, raising at least $25 billion in the dollar bond offering. 9. Global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has formed on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, optimistic about its long-term growth prospects, although doubts remain about profitability and valuation.
The 'Largest Pure-Play' XRP Treasury Is About to Go Public
Shareholders approved Evernorth's merger with Armada Acquisition Corp. II, clearing the way for the Ripple-backed firm to begin trading Oct. 8 with a stash of roughly 473 million XRP.
SpaceX's debut on the Nasdaq 100 was lackluster, hitting a new low since its IPO, and US space-related stocks plummeted.
According to BlockBeats, on July 8th, based on BIT (bit.com) market data, SpaceX's performance on its first day of trading on the Nasdaq 100 was poor, closing down 6.83% at $149.47, a new low since its IPO. Space-related stocks in the US generally declined, including: Virgin Galactic (SPCE) down 4.46%; AST SpaceMobile (ASTS) down 7.97%; Rocket Lab (RKLB) down 10.4%; and Redwire (RDW) down 10.12%.
Animoca puts Currenc merger on ice, delaying its Nasdaq debut
Animoca Brands suspended its reverse merger talks with Currenc but said it remains committed to pursuing a listing on a major exchange.
Democrats 'Move the Goalposts' on Clarity Act Hours Before Key Senate Vote
Democrats are pushing for further concessions as Republicans insist their latest text is their final offer ahead of today’s 60-vote test.