Morning Crypto Report: $1 Billion XRP Secured, Litecoin Price Spikes Ahead of ETF Launch, Zcash (ZEC) Overbought: Warning
The post Morning Crypto Report: $1 Billion XRP Secured, Litecoin Price Spikes Ahead of ETF Launch, Zcash (ZEC) Overbought: Warning appeared on BitcoinEthereumNews.com.
The crypto market remains cautiously optimistic at the start of the week, with Bitcoin sitting at $114,375 after a choppy session that failed to break above $115,000. Ethereum holds slightly above the $4,000 mark, while several altcoins are shining green; HBAR led with a double-digit pop after ETF headlines, and Litecoin briefly ripped above $107. The laser focus of the moment is on U.S. ETF launches, the ongoing SEC paralysis during the government shutdown and the drumbeat of Ripple-related institutional news. Retail froth is emerging in unlikely places like Zcash, a signal some of the popular analysts are treating as a late-cycle risk indicator. TL;DR: Ripple-backed Evernorth finalizes 388.7 million XRP deal worth over $1 billion, moving closer to Nasdaq-listed XRP treasury. Litecoin ETF breakthrough drives intraday spike above $107. Zcash flagged as overbought: Retail euphoria signals distribution phase. Evening outlook: BTC stuck at $114,000, watch ETH above $4,000, Solana/ETF headlines next. XRP: Ripple-backed Evernorth secures $1 billion stack Evernorth, the newcomer supported by Ripple, has officially amassed more than 388 million XRP, a stash now worth over $1 billion. As a result, it is now the largest institutional vehicle tied to the popular token outside of Ripple itself. The plan is as follows: list a publicly traded XRP treasury on Nasdaq under the ticker XRPN, using the merger with Armada Acquisition Corp II as the bridge. Among the backers, apart from Ripple, are big names like SBI, Arrington Capital, Pantera and Kraken. XRP’s market cap added about $13 billion after the announcement, and the price has been holding above $2.60 as traders figure out the scale of the accumulation and its impact on the market. You Might Also Like Bottom line? XRP, which has been seen as a payments coin for a long time and has been dealing with lawsuits,…
Filed under: News - @ October 29, 2025 3:28 am