PANews reported on October 6th that Finbold reported that, according to CoinMarketCap data, XRP's market capitalization briefly approached $183.4 billion, briefly surpassing the market capitalization of BlackRock, the world's largest asset management company (nearly $180 billion) on Sunday (October 5th). Analysts believe this surge and bullish sentiment may be driven by Ripple's accelerated application for a U.S. national trust bank charter, which would enable it to operate a stablecoin under federal regulation. With the October application deadline approaching, the market is viewing this as a long-term positive catalyst for XRP.