LTC and DOGE Mining Takes Center Stage as Z Squared and Coeptis Merge to Form Publicly Traded Entity

In a strategic move highlighting the growing institutional interest in meme coin mining, Z Squared, a dedicated Dogecoin mining operation, has announced its merger with biopharmaceutical firm Coeptis. The combined entity will pivot exclusively toward cryptocurrency mining, focusing on Dogecoin (DOGE) and Litecoin (LTC) as core assets. This merger creates one of the few publicly traded pure-play meme coin miners, providing enhanced access to capital markets for expansion. The development underscores the increasing legitimacy and financial viability of meme-based cryptocurrencies in the broader digital asset ecosystem.

Z Squared Merges with Coeptis to Form Publicly Traded DOGE Mining Entity

Z Squared, a Dogecoin mining operation, is merging with biopharmaceutical firm Coeptis in a strategic pivot to cryptocurrency. The combined entity will shed Coeptis’ legacy pharma business to focus exclusively on mining DOGE and Litecoin as core assets.

The merger creates one of the few publicly traded pure-play meme coin miners. "Going public gives us greater access to capital markets to drive expansion," said Z Squared CEO David Halabu, framing the move as a gateway to institutional funding for scaling operations.

Market observers note the deal reflects growing institutionalization of meme coin ecosystems, particularly Dogecoin’s evolving infrastructure. The merger is expected to close imminently, though terms remain undisclosed.

Investors Flock to XRP as ETF Applications Surge

XRP is gaining prominence in the financial world as ETF applications for the altcoin surge. ProShares has filed for a "Short XRP ETF," while Grayscale’s XRP ETF awaits SEC approval. Hashdex’s spot XRP ETF, based on the Nasdaq XRP Reference Price Index, has further fueled demand for XRP investment products.

XRP has outpaced major altcoins like Solana, Litecoin, and Dogecoin in ETF applications, according to Kaiko data. The outcome of the Ripple-SEC lawsuit remains a critical factor in the approval process for these ETFs.

SEC Signals High Approval Odds for LTC and SOL Spot ETFs, XRP Faces Uncertainty

The U.S. Securities and Exchange Commission is leaning toward approving spot exchange-traded funds for Litecoin (LTC) and Solana (SOL) by 2025, according to Bloomberg Intelligence analyst Eric Balchunas. Final decisions are expected by early October, with LTC’s verdict due on October 2 and SOL’s on October 10.

While XRP remains under consideration, its approval prospects appear dimmer following the SEC’s decision to delay its ruling. The postponement has injected volatility into crypto markets, particularly affecting XRP traders awaiting regulatory clarity.

Market participants are positioning for potential ETF approvals, viewing LTC and SOL as frontrunners in the next wave of crypto investment products. The SEC’s evolving stance reflects growing institutional acceptance of altcoins beyond Bitcoin and Ethereum.