The Hong Kong Virtual Asset Consortium (HKVAC) has announced notable changes to its crypto indexes, reflecting the evolving landscape of the cryptocurrency market. Ripple’s XRP has been removed from the top five global crypto index, making way for Solana, which recently surpassed XRP in market capitalization. Additionally, Avalanche has entered the top 10 index, replacing Tron’s token. The updates also include the inclusion of Internet Computer, Near Protocol, Optimism, Injective, and Immutable in the global large crypto index. These adjustments underline the dynamic nature of the crypto space, with shifting market capitalizations and performance influencing the HKVAC’s assessments. This move coincides with Hong Kong’s efforts to facilitate the growth of its crypto industry, aligning with global developments such as the recent approval of spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC). (Source: Cointelegraph)