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Crypto

Former CFTC commissioner\'s visit to Ripple headquarters stirs XRP community

Moves to broaden institutional investment around XRP are continuing. Evernode Holdings, which holds a large amount of XRP, is set to begin trading on Nasdaq under the ticker XRPN after shareholder approval of its merger with Armada Acquisition Corp II. MoonPay executive Caroline Pham posted a selfie at Ripple’s office, prompting speculation among XRP supporters and scepticism from others. Market talk has focused on possible cooperation, but no official announcement has been made.

Crypto

XRP market cap nears 6 percent of bitcoin, can it regain peak status

XRP’s market capitalisation has climbed to near 6 percent of bitcoin’s, according to figures cited by The Crypto Basic. Grayscale Investments put XRP at almost 6 percent of bitcoin’s value based on 30-day average market caps using data from Artemis, FTSE Russell and Grayscale. As of Sept. 28, bitcoin’s market cap was about $1.678 trillion and XRP’s was $94.08 billion, or about 5.6 percent. Grayscale classed bitcoin as a core asset and XRP as a supplementary candidate.

Crypto

Grayscale seeks to convert Zcash Trust into ETF, targets NYSE listing

Grayscale is moving ahead with plans to convert its Grayscale Zcash Trust into a spot exchange-traded fund. It filed a fourth amended S-3 registration statement with the U.S. Securities and Exchange Commission. If approved, the product would trade on NYSE Arca under the ticker ZCSH and be the first U.S. spot ETF tracking a privacy coin. The filing details largely cash-based share creation and redemption, and names Coinbase and BNY Mellon among key service providers.