Crypto

Nasdaq-listed Evernode hires former Coinbase executive as CIO to run XRP strategy

Evernode, a treasury management firm that holds and manages XRP, has appointed former Coinbase Asset Management co-chief investment officer Hugo Jeandesboz as chief investment officer as it begins trading on Nasdaq under the ticker XRPN. The company said it has chosen an active management model for its XRP holdings, requiring strategy and risk controls. Evernode completed a merger with SPAC Almada Acquisition Corp II on Oct. 9 and began trading on Oct. 12.

Crypto

Stellar fees drop despite weekly busiest day, upgrade effect in focus

Stellar (XLM) cut its average transaction fee to a seven-day low on a day when network usage was at its highest for the week. It recorded an average fee of $0.00012 on Oct. 11, while processing about 12 million transactions at an average 139.15 transactions per second. The shift comes after the Stellar Protocol 28 “Adapter” upgrade, including CAP-83, designed to speed consensus. Other ecosystem indicators, including real-world assets, have also grown.