Major XRP Boost: Evernorth to List on Nasdaq as World’s Largest XRP Treasury

Posted on March 20, 2026 by Olumide Adesina

Nevada-based Evernorth has formally filed a Form S-4 registration statement with the US Securities and Exchange Commission in connection with its intended merger with Armada Acquisition Corp The most recent action moves the XRP-focused treasury company closer to going public on the Nasdaq.

The filing presents Evernorth as a regulated corporate vehicle designed to expose XRP on the public market through an actively managed treasury strategy.

The disclosure offers the first glimpse of the company’s operational strategy, including how it plans to distribute, oversee, and disclose its XRP holdings as a publicly traded company.

A number of institutional backers, including Ripple Labs, SBI Holdings, Pantera Capital, Kraken, and Arrington Capital, the sponsor of Armada II, have contributed more than $1 billion in gross proceeds, according to the company.

The prospectus and preliminary proxy statement included in the registration statement are still being reviewed by the SEC and have not yet been deemed effective. The Armada II shareholders’ approval and other customary closing conditions are necessary for the transaction to be completed.

The combined company is anticipated to trade under the ticker “XPRN” on the Nasdaq Stock Market, subject to exchange approval.

Arrington Capital founder Michael Arrington commented on the development, saying, “Evernorth continues to emerge as a key gateway for capital markets, underscoring XRP’s rising influence in bridging traditional finance and real-time innovation.”

Evernorth’s ongoing development is indicative of the XRP ecosystem’s broader success and momentum as it expands its use in international finance. Only a few days before Evernorth’s announcement, the SEC released new guidelines that included XRP in a list of assets classified as digital commodities. The agency claims that securities laws only apply to tokenized securities.

ETH Nears Cycle Low: Crucial MVRV Reset Triggers Ethereum’s Buy Signal

Posted on March 20, 2026 by Olumide Adesina

Ethereum saw new losses amid the wider decline in the crypto space. The altcoin dropped to $2,150 after losing nearly 4%. According to recent data, ETH appears to have entered a historically significant accumulation zone, and historical data indicate significant upside after comparable MVRV compression levels. According to the most recent on-chain data, Ethereum has entered a buy zone.”

The market value to average investor cost basis ratio, or MVRV Ratio, has dropped into the 0.8 to 1.0 range. Similar circumstances have caused significant upward cycles for the asset in the past.

Gains of 150 percent, 5,390 percent, 130 percent, 280 percent, and 250 percent followed earlier instances of this range. With accumulation trends starting to appear throughout the network, the current positioning suggests that Ethereum may be getting close to a long-term bottom.

Ethereum appears to be nearing a long-term low based on on-chain data. The accumulation window is officially open for investors with a 12- to 24-month time horizon. Crypto trader “EliZ” also noted that recent market conditions presented a clear short-term opportunity, allowing traders to profit from altcoins by entering positions at lower levels.

The investor claims that the market is about to enter a crucial stage that is characterized by significant technical levels. The medium-term uptrend is still in place and is probably going to continue as long as the price stays between $2,050 and $2,180 daily.

A breakdown below the $2,000 threshold, however, would render this arrangement void. The market would shift in such a situation, making it easier to take aggressive short positions.

A significant decline and shift from a bullish continuation phase to a bearish trading environment is possible with this breakdown. Observe the US ETH exchange-traded on the institutional front.

British Airways Halts Dubai Flights Until Summer Over Airspace Instability

Posted on March 20, 2026 by Olumide Adesina

British Airways anticipates months of disruption in the Gulf, as evidenced by the cancellation of all flights into Dubai until at least June. The airline announced on Monday that it would not operate flights to Doha, Qatar, until the end of April and to Dubai, Amman, Bahrain, or Tel Aviv until after May 31. There won’t be any flights to Abu Dhabi until later this year. As the conflict enters its third week, this is the longest major airline cancellation announced thus far.

Lufthansa and Air France, two European competitors, have announced cancellations this month. Travel agencies have also begun to cancel vacation packages that pass through the United Arab Emirates, citing the insurance risk of passengers becoming stranded through its airports.

BA’s decision was made just hours after a drone attack that started a fire at a nearby fuel tank early on Monday, forcing Dubai’s main airport to close for seven hours. Flights operated by Emirates had to be rerouted.

Virgin Atlantic cancelled its revived service, and none of the major European airlines have resumed flights to Dubai. BA announced that it had extended the period “due to the continuing uncertainty of the situation in the Middle East and airspace instability.”

Previously, BA had canceled its services until later this month. It will keep flying to Saudi Arabia’s Jeddah and Riyadh, less impacted by the airspace restrictions

. Flights at Dubai’s main airport, which was the busiest international airport before the war, were suspended starting at around six in the morning local time.

Later in the day, Dubai International gradually started operating flights to a few destinations. Authorities said the fire had been contained earlier in the day, but no injuries were reported.

Although the frequency of Iranian drone attacks has decreased recently, they have nevertheless targeted strategically significant locations like Dubai’s ports, airports, and buildings.

Russian Oil Tankers U-Turn from China to India

Posted on March 20, 2026 by Olumide Adesina

A Russian oil-laden tanker headed for China made a U-turn in the South China Sea and is now racing to India after New Delhi started stepping up imports from Moscow. According to ship-tracking data, the Aqua Titan is scheduled to arrive in New Mangalore on March 21 with its Urals cargo, which it loaded from a Baltic Sea port in January

Days after the US approved India’s temporary increase in Russian purchases, the Aframax ship changed its course in Southeast Asian waters in mid-March after initially indicating the Chinese port of Rizhao as its destination.

Indian refiners purchased an astounding 30 million barrels of Russian oil in the week that followed the concession, a move intended to help the country deal with supplies lost in the Middle East

More nations have since been permitted to purchase from Russia. This opens the door for additional diversions from China, which has been Moscow’s last-resort importer in recent months due to India’s decreased purchases.

Prices are likely to rise amid the return of buyers, including those from South Korea and Japan. According to Vortexa Ltd., at least seven tankers transporting Russian oil have changed their destinations from China to India since all of India’s major refiners are currently involved in the country’s crude market.

Additionally, the Suezmax Zouzou N. is indicating Sikka, India, as its next destination, with a projected arrival date of March 25, according to ship-tracking data. Kpler claims that the tanker is transporting Kazakh CPC Blend crude. After sailing to Rizhao from Novorossiysk on Russia’s Black Sea, it turned around in early March to head for India.

China Drains Silver Supplies to Feed Booming Domestic Appetite

Posted on March 20, 2026 by Olumide Adesina

China’s insatiable appetite for silver drove overseas purchases to an eight-year high at the beginning of 2026 as importers fueled a spike in industrial and investment demand

According to Chinese customs data released on Friday, the largest buyer in the world received over 790 tons in the first two months, including nearly 470 tons in February—the highest amount ever for that month. Due to strong demand, local prices have risen significantly above global benchmarks, reducing already low exchange reserves and prompting the acquisition of metal from overseas.

A wave of speculative buying from China and other countries drove silver prices up by roughly 70% at the beginning of the year, but by the end of January, they abruptly gave up their gains. This is the most volatile start to a year for silver prices.

The robust import numbers indicate that, despite changes in trade flows, physical consumption in China has continued. Demand has come from solar manufacturers front-loading production and retail investors hoarding silver bars as a substitute for the increasingly expensive gold.

A significant amount of the metal has traveled through Hong Kong, which acts as a gateway for precious metals traveling to the mainland, in an effort to seize an enticing arbitrage opportunity.

Stanley Cheung, AC Precious Metals Refinery Ltd.’s managing director, claimed that while large silver bars traded by banks normally trade at a discount to the benchmark in London, during the first two months, prices in the area have drawn a premium of up to $8 per ounce.

China’s massive imports haven’t yet disrupted the London market because of a record inflow of silver into the global trading hub following a historic squeeze last year.

The quantity of silver held in exchange-traded funds globally has dropped by more than 1,900 tons this year, making more metal available.

However, markets are breathing more easily for the time being. Yuan Zheng, an analyst at Henan Jinli Gold and Lead Group Co.’s Shanghai-based trading division, stated that as the rebate deadline approaches, the Chinese premium on silver has decreased and solar demand has slowed. “In the near future, there will be more supply than demand.

Kalshi Raises $1 Billion, Doubles Valuation to $22 Billion

Posted on March 20, 2026 by Olumide Adesina

Kalshi raised more than $1 billion in a new financing round at a valuation of $22 billion. Kalshi’s valuation from its most recent funding round in December, when it was valued at $11 billion, will nearly double by the deal.

The fundraising campaign demonstrates that investors are still keen to learn more about the rapidly expanding prediction market sector despite recent criticism from lawmakers who have voiced concerns about the platforms’ susceptibility to insider trading and manipulation.

The source, who wished to remain anonymous due to the confidentiality of the information, stated that Coatue Management spearheaded the new funding round. With support from Sequoia Capital, Andreessen Horowitz, and ARK Invest, Paradigm led the prior financing.

Financial contracts linked to a variety of real-world events are available from Kalshi. It was established in 2018, but after a court permitted it to offer trading on the results of the 2024 election, its popularity skyrocketed.

The company can operate nationwide under federal regulations because it is governed as a financial exchange and overseen by the Commodity Futures Trading Commission, in contrast to traditional gambling companies, which are subject to state regulations.

Sports betting has taken over the exchange’s operations since Kalshi began accepting wagers on athletic events early last year. Numerous gambling companies have hurried to create their own products for the prediction market.

Dune Analytics user-compiled data shows that trading volume on Kalshi surpassed $10 billion in February, which is twelve times more than it was just six months earlier. Polymarket, Kalshi’s biggest rival, has grown at a similar pace despite primarily doing business overseas.

Emirates’ Reality Check: 5-10% Full Inbound Jets as Exodus Hits Dubai

Posted on March 19, 2026 by Olumide Adesina

Emirates is running flights to Dubai that are sometimes almost empty as passengers avoid the Persian Gulf, underscoring the difficulties facing the biggest international airline in rebuilding its network during a protracted conflict.

Flights from destinations in the US and continental Europe have been most severely affected, with planes returning from Prague or Budapest only roughly 5% to 10% occupied.

At least one flight last week departed with fewer than 35 passengers on an Airbus SE jumbo A380 jet that typically seats close to 500, and several aircraft returning from New York flew with only a fifth of the tickets sold.

The documents state that half-empty cabins were used on departures from Chicago. Flights departing Dubai exhibit a very different pattern because fewer aircraft are available. After that, Emirates returns the aircraft to its hub with minimal occupancy.

Emirates said that as long as it can do so safely, it will keep restoring its network at a steady pace. In response to inquiries, an official stated that current inbound occupancy is unsurprisingly low given the circumstances. The business stated that it doesn’t comment on the occupancy of particular routes.

According to Flightradar24 data, the airline operated roughly 500 flights out of Dubai International on a typical day before the war, with roughly half of those flights being departures.

That number had dropped to 71 takeoffs by March 16. Even though there isn’t much demand for passengers, the business loads cargo onto its planes, which generates additional income and an influx of perishable goods.

Operating Boeing Co. is a priority for Emirates. 777 aircraft due to their superior cargo capacity compared to the Airbus A380. The flights are one of the few ways to import supplies because the Strait of Hormuz is practically closed. The operations of the state-owned carrier have been severely disrupted.

Rate Uncertainty Weighs on Gold Trapped Below $4,800/oz

Posted on March 19, 2026 by Olumide Adesina

Gold prices increased slightly in Asian trade on Thursday but stayed well below key levels due to uncertainty over interest rates and the inflationary effects of the U.S.

The producer inflation data and the Federal Reserve’s prediction of higher US inflation put pressure on gold prices, pushing them well below the desired $5,000 per ounce level and to a low of more than a month. Gold futures fell 1.3 percent to $4.8K/oz.

Gold broke below a $5,000–$5,200/oz trading range that had been in place for almost a month after the Federal Reserve kept interest rates unchanged on Wednesday, indicating uncertainty about the inflationary impact of the Iran war.

Stronger-than-expected producer price index inflation data for February preceded the Fed’s decision. The Fed’s remarks and the PPI report increased market speculation that the central bank would not have any room to lower interest rates in the near future.

The yellow metal has had difficulty since the start of the Iran war. This week, gold underperformed while oil prices kept rising due to the lack of signs of a de-escalation in the US-Israel war on Iran.

Iran retaliated bitterly after Israel attacked the South Pars gas field, the largest gas field in the world, on Wednesday, seemingly starting a new phase of the conflict. Tehran continued to attack targets in Israel and launched attacks on several significant energy facilities throughout the Middle East.

Iran’s closure of the Strait of Hormuz caused global oil and gas prices to soar, while military and shipping disruptions caused energy production throughout the Middle East to slow down.

Citi Warns: Brent Could Spike to $110–$120 per Barrel in Near Term

Posted on March 19, 2026 by Olumide Adesina

Citi said in a note on Wednesday that it anticipates a sharp increase in oil prices as conflict-related supply disruptions worsen.

Analysts predict that Brent will reach between $110 and $120 per barrel in the coming days. The bank’s head of global commodities, Maximilian Layton, wrote in a note that the bank’s updated base case, which has a 50% probability, is predicated on 4–6 weeks of disrupted flows, or up to 11–16 million barrels per day.

According to Citi, “Brent prices will rally as the conflict continues over the coming days, to $110-120/bbl,” meaning the market will continue to rise until a political or strategic intervention is necessary.

“That might be the ‘price or market event which drives the U.S to cease its military operation, the point at which inventories are released more forcefully by the IEA and OECD, or the point at which international powers are prompted to ‘forcefully re-open the Strait,” Citi emphasized the risks of escalation.

Citi emphasized that there are still substantial risks of escalation. Brent could “reach $150/bbl” in its bull case, which has a 30% probability, and increase to as much as $200/bbl “all-in” if Iran attacks more extensive energy infrastructure or if the Strait of Hormuz is essentially closed through June.

According to the bank’s bear case, which has a mere 20% chance, prices will drop to $65–70 by year’s end—but only if a swift agreement between the US and Iran reopens the Strait.

Citi is “very bullish on aluminum,” citing low inventories and the possibility of Middle Eastern smelters reducing production, which could eliminate up to 6% of the world’s supply.

Tsunami Alert: BlackRock’s $14 Trillion Move Could Send XRP Surging

Posted on March 18, 2026 by Olumide Adesina

According to financial expert Levi Rietveld, the global movement toward asset tokenization could have a big effect on the cryptocurrency industry, especially the XRP ecosystem

Rietveld contended that a surge of capital into blockchain networks might result from BlackRock’s asset management approach. Rietveld mentioned BlackRock’s size and increasing emphasis on blockchain-based financial infrastructure in the tweet, saying that the company is “getting ready to unleash an absolute tsunami on XRP.”

The company currently oversees assets worth about $14 trillion, which Rietveld highlighted as a crucial component in determining the potential scope of tokenized finance.

He explained how the company’s long-term plans to tokenize real-world assets could move trillions of dollars onto blockchain networks in the years to come. Rietveld referenced Larry Fink’s remarks on the future of asset tokenization in the video.

Fink has frequently talked about putting conventional financial assets on blockchain infrastructure, according to Rietveld. He hasn’t, however, given a specific timeframe for when this change will take place.

Rietveld cited Fink’s 2025 statement that the industry was beginning to tokenize assets across several significant categories.

These consist of bonds, stocks, and real estate. Fink described this shift as a major structural change in global finance that could allow trillions of dollars’ worth of conventional assets to switch to blockchain-based systems, according to Rietveld.

According to Rietveld, this trend indicates that the financial industry is actively getting ready for a time when tokenized assets will be crucial to international markets.