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Latest Crypto News | Bitcoin, Ethereum and Altcoin Updates

OCC Approves Banks Holding Crypto for Gas Fees

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In Interpretive Letter No.1186, the US Office of the Comptroller of the Currency (OCC) approved that national banks may hold native crypto tokens on their balance sheets to cover crypto gas fees. This guidance removes costly workarounds—such as purchasing tokens for each transaction or outsourcing fee payments—and aligns with the Federal Reserve’s withdrawal of anti-crypto directives and the pending GENIUS Act stablecoin framework. Media executive Paul Barron noted on X that banks can now manage BTC, ETH, XRP and SOL directly, eliminating third-party reliance. Traders should monitor how banks integrate this capability, as direct payment of crypto gas fees could reduce transaction delays, lower volatility risk, and spur institutional on-chain trading and broader crypto adoption.
Bullish
OCCcrypto gas feesbanking regulationinstitutional adoptionon-chain trading

Questioning CFTC Nominee Selig on Crypto, Election Markets

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Michael Selig, President Trump’s nominee for CFTC chair, will appear before the Senate Agriculture Committee on November 19. Selig currently serves as chief legal counsel for the SEC’s cryptocurrency task force and as an advisor to former SEC Chairman Paul Atkins. During the hearing, senators will focus on crypto regulation, including the proposed CLARITY Act to expand CFTC oversight of digital assets and clarify its role alongside the SEC. They will also question how the CFTC plans to regulate election markets that allow Americans to bet on events like election results. The Commodity Futures Trading Commission is led by five bipartisan commissioners but currently has only acting chair Caroline Pham since the withdrawal of Brian Quintenz’s nomination. Pham has said she will step down once a new chair is confirmed. This hearing marks a critical step in filling the CFTC leadership vacancy and could shape future U.S. crypto regulation.
Neutral
CFTCcrypto regulationCLARITY Actelection marketsSEC

Solana $130 Bottom and On-Chain Data Signal SOL Rebound

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Solana (SOL) appears to have established a bottom near $130, with on-chain metrics and technical indicators pointing to a potential rebound. Since dropping from $173, SOL staged a V-shaped reversal from the $130 level, while the RSI rose from the mid-20s into the 50s, confirming growing bullish momentum. Futures open interest climbed 5% to $7.3 billion and funding rates turned positive, signaling renewed demand. Spot cumulative volume delta and net taker volume have also moved positive. US-based Solana ETFs registered $390 million in inflows over 15 days—including $8.26 million on Monday—lifting assets above $513 million. Network activity strengthened as daily active addresses rose 18% and transaction volume increased 9.1% over 30 days. If SOL holds above the $160 EMA and breaks resistance near $170, traders could target $180–200 next, with a mid-term upside toward $250. These developments reinforce confidence in a sustained SOL rally, making current levels a potential entry point for traders.
Bullish
SolanaSOL BottomOn-Chain AnalysisETF InflowsTechnical Indicators

Crypto ATM Operator Charged in $10M Money Laundering

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Between August 2018 and May 2025, U.S. prosecutors charged 36-year-old Firas Isa and his Chicago-based firm Virtual Assets LLC with laundering over $10 million through Crypto Dispensers crypto ATMs. The DOJ alleges Isa accepted illicit cash from wire fraud and drug trafficking, converted the funds into cryptocurrency at crypto ATMs, and transferred them to virtual wallets to hide their origin. Isa and Virtual Assets LLC have pleaded not guilty and were released on a $250,000 bond. If convicted, Isa faces up to 20 years in prison. The next court hearing is scheduled for January 30, 2026, in Chicago. The case underscores growing regulatory scrutiny of crypto ATM operators, especially after Illinois introduced a registration law in August 2024. It also echoes previous actions like the shutdown of Bitcoin of America. Traders should watch for tightened cash-to-crypto liquidity and evolving AML requirements in the digital asset market.
Neutral
Crypto ATMsMoney LaunderingVirtual Assets LLCFiras IsaRegulatory Scrutiny

Obex Raises $37M to Build RWA-Backed Yield-Bearing Stablecoins

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Obex, a Web3 incubator, closed a $37M Series A led by Framework Ventures, LayerZero and the Sky ecosystem fund. It will leverage Sky’s $25B USDS reserve to finance and mentor early-stage teams in tokenizing real-world assets (RWA) as collateral for yield-bearing stablecoin projects. The 12-week accelerator offers capital, technical resources, on-chain underwriting and institutional-grade risk controls. Focus sectors include GPU infrastructure, municipal solar and battery energy assets, and fintech loans. Sky’s governance also approved up to $2.5B in USDS stablecoins to back Obex. By addressing stablecoin depeg risks seen in USDe, USDX and deUSD, Obex aims to build secure, scalable yield-bearing stablecoin infrastructure.
Bullish
Yield-bearing StablecoinReal-World Asset TokenizationWeb3 IncubatorUSDS StablecoinInstitutional Risk Controls

Amplify Launches XRPM: XRP Income ETF with 3% Monthly Yield

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Amplify ETFs has launched XRPM, the first XRP Income ETF deploying a covered call option premium strategy to target a 3% monthly yield (36% annualized). Using its proprietary YieldSmart approach, XRPM writes weekly out-of-the-money call options on 30%–60% of its XRP allocation and invests the remainder in XRP futures. Unlike spot crypto ETFs, XRPM holds no underlying XRP but seeks steady option premium income while preserving upside exposure. CEO Christian Magoon says XRPM bridges traditional finance and digital assets by blending weekly upside potential with predictable yield. This follows Canary Capital’s spot XRP ETF debut, which logged $58 million in first-day volume amid broader market headwinds. On-chain data from Glassnode show that despite XRP’s nearly fourfold rally since late 2024, 41.5% of its supply remains underwater at the current $2.16 price, posing a risk of selling pressure if holders seek breakeven. By offering a transparent XRP Income ETF with predictable monthly option premium revenues and uncapped upside, XRPM provides traders a balanced risk-reward tool. Its success will hinge on whether new demand can absorb the overhang of underwater supply and sustain upward momentum.
Bullish
XRP Income ETFOption Premium StrategyCovered CallDigital Asset YieldMarket Volatility

US Holds Off Bitcoin Reserves Until Global Pressure Builds

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US entrepreneur Mike Alfred says Washington will hold off on adding Bitcoin reserves until rival nations move first, requiring sufficient global pressure to prompt action. Although a framework for a strategic Bitcoin reserve exists—stemming from former President Trump’s March executive order—the government has yet to finalize purchases. Alfred forecasted Bitcoin (BTC) reaching $1 million by 2033 and expects most central banks to include BTC as a reserve asset. Analysts like Galaxy Digital’s Alex Thorn deem a US BTC reserve announcement likely this year, while Jan3’s Samson Mow warns that delaying through 2024 could let countries such as Pakistan preempt the US. Separately, Singapore Exchange’s derivatives arm plans to launch regulated cryptocurrency futures in November. This development keeps Bitcoin reserves and crypto futures at the forefront of policy debates, potentially influencing long-term demand and trading strategies.
Neutral
Bitcoin reservesUS governmentReserve assetsGlobal pressureCryptocurrency futures

Revolut Integrates Polygon for Instant USDC, USDT, MATIC

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European digital bank Revolut has completed a major Polygon integration, making Polygon its primary blockchain for instant USDC, USDT and MATIC transfers across 38 countries. Since December 2024, Revolut users have processed over $690 million in zero-fee stablecoin transactions on Polygon, with Revolut covering gas costs. This MiCA-compliant Polygon integration also offers in-app staking and trading of MATIC without external wallets, fiat on-ramp and off-ramp, and a crypto debit card for everyday spending. Powered by Polygon’s Rio upgrade delivering 5,000 TPS and near-instant finality, the partnership underscores a broader fintech trend as firms like Stripe and Mastercard adopt Polygon for cost-efficient crypto rails. The integration opens seamless on-ramps for Revolut’s 14 million crypto traders and scales blockchain payments for everyday finance.
Bullish
Polygon integrationStablecoin transfersMATIC stakingCrypto paymentsMiCA compliance

42% of XRP Supply Underwater Amid New Spot ETF Launches

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On-chain analytics firm Glassnode reports that 41.5% of XRP’s circulating supply trades below purchase price—the highest underwater level since November 2024. XRP has fallen 8.8% over the past week and is 39% below its July 2025 peak, trading around $2.22. Analysts warn buyers who entered near $3.65 highs face stop-loss risks and say a rebound above $2.70 is needed to restore confidence. Market sentiment remains fragile as traders await spot XRP ETFs. Canary Capital’s US spot XRP ETF drew $58 million in first-day volume. Franklin Templeton, Bitwise, 21Shares and CoinShares are set to launch similar funds, with investors watching ETF flows for signs of renewed buying pressure.
Bearish
XRPUnderwater SupplySpot XRP ETFsGlassnode AnalyticsMarket Sentiment

U.S. Proposes IRS Offshore Crypto Reporting Under CARF

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The White House is reviewing a Treasury rule—called the “Broker Digital Transaction Reporting” proposal—that would grant the IRS access to U.S. taxpayers’ offshore crypto accounts and transactions. Submitted to the Office of Information and Regulatory Affairs in November 2025, the plan aligns U.S. regulations with the OECD’s Crypto-Asset Reporting Framework (CARF) and awaits final approval by presidential advisors. Once adopted, the U.S. would join CARF members such as the U.A.E. and Singapore in exchanging Americans’ foreign crypto transaction data by 2027. Although deemed not economically significant, the rule aims to curb offshore crypto trading, boost tax compliance, level the playing field for domestic digital asset services, and foster market growth. The proposal explicitly exempts DeFi activities from additional reporting burdens.
Neutral
Offshore Crypto ReportingCARFIRS OversightCrypto Tax ComplianceDeFi Exemption

Pi Network Adds Code Editing to App Studio as PI Price Holds

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Pi Network has upgraded its Pi App Studio to include code download and re-upload capabilities, enabling developers to prototype and customize app source code offline and seamlessly re-integrate it. The update also adds search, sorting filters, and management options in the “My Apps” section, raising the project limit from 10 to 100. Originally launched on June 28 as an AI-powered platform, Pi App Studio now streamlines dApp development for both technical and non-technical users, accelerating on-chain deployment and adoption. On the market front, PI trades around $0.22, down 0.5% on the day but up 10% over the past month. Chart data shows heavy accumulation at a solid $0.21–$0.22 support level, with key resistance at $0.26. A decisive break above $0.26 could trigger a rapid rally toward $0.37, and some analysts even forecast PI reaching $3.14 by end-2025. However, nearly 160 million PI tokens are scheduled to unlock over the next 30 days, which may add selling pressure. In contrast, exchange reserves have fallen by 1.7 million PI in 24 hours, indicating a shift toward self-custody and reduced immediate outflows. Traders should watch token unlock events, exchange reserves, on-chain flows, and price action for short-term volatility and mid-term growth opportunities.
Bullish
Pi NetworkPi App StudioPI tokentoken unlockexchange reserves

Trump’s Fed Chair Pick Spurs Dovish Shift in Crypto Market

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US President Donald Trump has narrowed the next Fed Chair race to five finalists: governors Christopher Waller and Michelle Bowman, former governor Kevin Warsh, NEC Director Kevin Hassett, and BlackRock’s Rick Rieder. After Thanksgiving, candidates face second-round White House interviews, with the field cut to three by mid-December and a decision by year-end. Trump seeks a Fed Chair who favours faster rate cuts, challenging the Fed’s independence and raising legal hurdles for removing Jerome Powell before May 2026. Markets now price in accelerated rate cuts and reduced quantitative tightening if a data-driven candidate wins. This dovish bias could weaken the US dollar and boost liquidity. For crypto traders, a softer monetary policy and potential dollar slump are a bullish catalyst for Bitcoin and other risk assets. However, political interference may trigger volatility around policy announcements. Traders should monitor Fed Chair developments and policy signals to adjust exposure across major and small-cap tokens.
Bullish
Fed Chair NominationRate CutsCrypto MarketBitcoinMarket Volatility

El Salvador Buys 1,090 BTC for $101M Amid Bitcoin Slump

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El Salvador has intensified its Bitcoin accumulation strategy by purchasing an additional 1,090.19 BTC (about $101 million) on top of its daily one-BTC buys. Announced by President Nayib Bukele on X, this brings the nation’s total holdings to 7,474.37 BTC. The buy occurred during a sharp market pullback—Bitcoin briefly dipped below $90,000 and its 200-day moving average, triggering high volatility and liquidations. Technical indicators show BTC testing support between $88,000 and $90,000, with $95,000 as a key resistance level to avoid further downside. Since adopting Bitcoin as legal tender in 2021, El Salvador’s steady accumulation aims to lower average costs, mitigate volatility, and enhance financial autonomy. While the IMF has warned of risks tied to large crypto reserves, sovereign conviction and institutional dip-buying historically mark key accumulation phases ahead of price upswings. Traders should note that El Salvador’s ongoing BTC purchases signal long-term bullish momentum for Bitcoin.
Bullish
El SalvadorBitcoin accumulationMarket pullbackCrypto reservesBullish indicators

Balancer V2 Exploit Drains $94.8M, $45.7M Recovered

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Balancer exploit on November 3, 2025, saw attackers exploit a rounding-error bug in V2 Composable Stable Pools exact-out swaps, draining $94.8M across Ethereum, Arbitrum, Base, Optimism and Polygon. The exploit, magnified by low-liquidity exitSwap flash operations, forced Balancer to pause vulnerable pools within ten minutes, limiting further losses. Swift interventions by Certora, Trail of Bits, SEAL Safe Harbor whitehats and blockchain foundations, together with coordinated recoveries by Bitfinding, Berachain and StakeWise, have reclaimed $45.7M of stolen funds. Balancer V3 pools remained secure due to explicit rounding controls and simplified architecture. Following a 6% BAL token dip, traders are advised to migrate to V3 pools using Balancer’s formal guidance and incentives, while monitoring official channels for updates and scam alerts. This Balancer exploit underscores persistent DeFi security risks and the importance of rigorous audits.
Neutral
Balancer exploitDeFi securityComposable Stable PoolsLiquidity migrationFlash loans

IQ 276 Genius Predicts Bitcoin Price to Hit $220K in 45 Days

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YoungHoon Kim, who claims an IQ of 276, forecasts a Bitcoin price surge to $220,000 within 45 days. This Bitcoin price prediction implies a 130% rally from the current $93,000 level. Kim vows to donate all Bitcoin profits to build churches worldwide. November’s 15% correction left Bitcoin trading between $93k and $96k amid market volatility and choppy ETF flows. Institutional buying and long-term holders still provide liquidity. Other analysts, including Tom Lee and Egrag Crypto, eye $200k–$250k targets by year-end. However, the lack of technical charts and on-chain evidence and multiple resistance levels poses hurdles. A rally of this magnitude would test trader confidence and overall market sentiment.
Bullish
BitcoinPrice PredictionMarket VolatilityCrypto PhilanthropyInstitutional Buying

KuCoin Expanding in Australia: Sydney HQ, MD & Adam Scott

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KuCoin has launched its Australian operations with a new Sydney headquarters, appointing industry veteran James Pinch as Managing Director. Over the next 12 months, the exchange plans to hire specialists in compliance, cybersecurity, operations and product development to reinforce its regulatory alignment, institutional-grade security and liquidity. Crypto has become Australia’s third most-held asset class, with KuCoin serving over 360,000 Australian users. Statista forecasts the local digital asset market will grow 20% to US$1.2 billion by 2026. To boost brand presence and trust, KuCoin has partnered with Masters champion Adam Scott for a national marketing campaign under the slogan “Integrity First.” Scott will showcase branded gear at major tournaments, and KuCoin will sponsor the Australian Crypto Convention. These moves underscore KuCoin’s commitment to long-term growth in Australia’s maturing crypto market.
Bullish
KuCoinAustralian ExpansionSydney HeadquartersJames PinchAdam Scott

Fidelity Launches $3.3M Staking-Enabled Solana ETF FSOL

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Fidelity Global Asset Management has launched its first staking-enabled Solana ETF, FSOL, on the NYSE Arca. The fund debuted on November 18 with 23,400 SOL (≈$3.3 million) in seed capital. FSOL provides regulated SOL exposure and captures staking rewards without requiring direct token custody. The Solana ETF uses a multi-custodian model with BitGo, Coinbase and Anchorage Digital. It marks Fidelity’s latest move after spot bitcoin (BTC) and ether (ETH) ETFs, aiming to meet growing institutional demand for Solana. By offering a tradable vehicle, FSOL may boost Solana liquidity and market confidence. The launch coincides with Canary Capital’s Marinade Solana ETF and VanEck’s Solana ETF entries, intensifying competition. Early Solana ETFs like Bitwise’s BSOL have raised over $450 million since October, highlighting strong investor appetite. Traders should watch FSOL’s inflows and staking yields, which could drive SOL price action.
Bullish
Solana ETFStaking RewardsMulti-Custodian ModelInstitutional CryptoETF Competition

XRP Buyback Fails to Halt 8.75% Drop, Tests $2 Support

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Ripple’s $1B XRP buyback plan failed to support the token, as XRP slumped 8.75% on the day. Technical analysis shows XRP trading within a descending wedge pattern, testing key support at $2. A break below $2 would invalidate the wedge and target the 0.618 Fibonacci retracement at $1.65 by month-end. Conversely, a breakout above the wedge’s upper trendline could spark a 5–20% rally to $2.36–$2.75. This move may trigger a $118.76M short squeeze and push XRP toward the $3 psychological barrier. On the weekly chart, XRP holds an ascending triangle setup. Maintaining above $2.25 could lead to a breakout above $3.55. With strong volume, XRP buyback momentum may drive prices to $7.75 by early 2026. Traders should monitor these support and resistance levels, chart patterns, and volume for trading signals.
Bearish
XRPRipple buybacktechnical analysisshort squeezeFibonacci retracement

UBS and Ant International to Pilot Blockchain-Based Tokenized Deposits for Instant Cross-Border Payments

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UBS and Ant International have signed an MOU in Singapore to pilot blockchain-based tokenized deposits for instant cross-border payments. The partnership uses UBS Digital Cash, launched in 2024 for institutional real-time liquidity management. Ant International will integrate the solution into its Alipay+ ecosystem. By tokenizing deposit liabilities, corporate treasury teams can settle transfers in minutes, bypassing traditional cut-off times and time zones. Kelvin Li, Global Manager of Platform Technology at Ant International, highlighted blockchain’s potential to transform cross-border payments. Young Jin Yee, Head of UBS Singapore, said the system will enable faster, multi-currency transfers on a private ledger. This project follows industry moves like Franklin Templeton’s integration with the Canton Network. As tokenized deposits gain traction, liquidity management processes become more efficient, transparent and adaptable.
Neutral
Tokenized DepositsBlockchain PaymentsCross-Border TransfersDigital CashLiquidity Management

Pi Network (PI) Poised for Breakout on Whale Accumulation

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Pi Network price has remained in tight consolidation following recent inverse head-and-shoulders and falling wedge breakouts, trading around $0.23 on low volume. A major whale has steadily increased holdings—adding over 6 million PI in two weeks to a total stake of 373.28 million tokens (≈$86 million) and accumulating another 900,000 PI (≈$85 million) in the latest phase—highlighting strong bullish sentiment. Technical indicators now show a double-bottom at $0.1948 with a $0.2930 neckline, narrow Bollinger Bands and a Wyckoff accumulation setup, all pointing to a potential squeeze and markup. On the fundamentals side, Pi Network ecosystem expansion via a strategic investment in OpenMind seeks to integrate decentralized nodes with AI and robotics, while upcoming DEX and AMM testnets promise on-chain trading. Key catalysts such as token burns to offset unlocks and primary listings on exchanges like Coinbase, Binance or Robinhood could drive a breakout rally toward $0.50. Traders should monitor Pi Network price patterns, whale accumulation, and major exchange listing announcements for short- and long-term opportunities.
Bullish
Pi NetworkBullish BreakoutTechnical AnalysisWhale AccumulationDeFi Expansion

Record $866M Bitcoin ETF Outflows as BTC Dips Below $89.6K

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Bitcoin spot ETFs suffered record outflows after BTC slipped below its $89,600 flow-weighted average cost basis, pushing many ETF investors into losses. From November 12 to 14, combined Bitcoin ETF outflows reached $1.64 billion, including a single-day high of $866.7 million on November 13. Top redemptions came from BlackRock’s iShares Bitcoin Trust ($145.6 million), Fidelity Wise Origin ($12 million), ARK 21Shares ($29.7 million) and Bitwise ($9.5 million). Ethereum ETFs also saw $182.7 million in redemptions, driven by BlackRock’s iShares Ethereum Trust. In contrast, Solana staking ETFs bucked the trend: Bitwise Solana Staking ETF drew $7.3 million and Grayscale Solana Trust added $0.9 million, bringing total Solana ETF inflows to about $390 million since October. Analysts warn that without clear Federal Reserve easing signals and improved liquidity, ETF losses may persist—even as long-term holders may hold through the correction. Traders await clearer interest-rate and monetary policy cues.
Bearish
Bitcoin ETF outflowsETF investor lossesEthereum ETF redemptionsSolana ETF inflowsmarket correction

Binance Alpha Lists DGRAM and Rolls Out 3,340-Token Airdrop

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Binance Alpha will list Datagram Network’s native token DGRAM on November 18, 2025, at 16:00 UTC+8 (11:00 AM Turkish Standard Time). The launch features an exclusive DGRAM airdrop: users with at least 245 Alpha Points can claim 3,340 DGRAM tokens on a first-come, first-served basis. Each claim costs 15 points, and participants must confirm receipt within 24 hours. If tokens remain, the points threshold drops by five every five minutes until the pool is exhausted. This DGRAM airdrop initiative is designed to drive early trading activity and boost community engagement on the trial-phase Binance Alpha platform. Datagram Network focuses on decentralized communication and data transmission. The early listing injects new liquidity and trading opportunities for crypto traders.
Bullish
Binance AlphaDGRAMAirdropDatagram NetworkToken Listing

Binance Futures to Delist XCN, FLM & PERP Perpetuals

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Binance Futures has confirmed plans to delist XCN/USDT, FLM/USDT and PERP/USDT perpetual contracts. Originally slated for removal on June 21, the delisting has been rescheduled to November 21, 2025. All open positions will be auto-closed at 12:00 UTC, and new orders will be suspended at 11:30 UTC. The decision follows Binance Futures’ routine risk management and product optimization, based on factors such as liquidity, trading volume and user demand. Traders should manually close positions before suspension times to avoid slippage and liquidation risks. Settlement and auto-close processes will be handled securely to ensure a smooth transition. Spot markets for these tokens remain unaffected. The update underscores the importance of active risk management and monitoring exchange policies for altcoin futures.
Bearish
Binance FuturesPerpetual FuturesDelistingRisk ManagementAltcoin Trading

HIVE Digital Q3 Revenue Up 285%, Shares Jump 7.5%

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HIVE Digital reported Q3 revenue of $87.3 million, a 285% year-on-year increase driven by aggressive hashrate expansion. The Bitcoin miner mined 717 BTC despite a 25% rise in network difficulty. HIVE Digital posted a net loss of $15.8 million due to accelerated rig depreciation. Its shares jumped 7.5% to $3.58 after the results. The company’s AI arm contributed $5.2 million in revenue, up 175% year-on-year. Peers Bitdeer and TeraWulf also posted strong quarters, with revenues climbing 174% and 87%, respectively. Amid Bitcoin trading between $107k and $126k, HIVE Digital’s performance underscores robust demand in crypto mining equities.
Bullish
HIVE DigitalBitcoin MiningQ3 RevenueHashrate ExpansionAI Revenue

5 Questions to Avoid Emotional Crypto Investing

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Emotional crypto investing can undermine disciplined strategies. This guide poses five questions to help traders maintain rational market behavior. 1. ETH conviction: Can you hold ETH long-term amid volatility and growing real-world asset (RWA) tokenization? 2. Altcoin value: Do specific altcoins offer niche use cases despite tough market conditions? 3. DeFi/NFT sustainability: Why hasn’t innovation driven a sustained bull market, and how do application bottlenecks affect liquidity cycles? 4. Binance’s impact: Beyond revenue, do BNB-driven initiatives deliver positive externalities in the crypto ecosystem? 5. Decentralization vs. efficiency: Can corporate efficiency coexist with community-led decentralization, or does true innovation require open protocols? Addressing these points helps crypto traders align strategies with core narratives, reduce emotional crypto investing, and improve decision-making.
Neutral
emotional crypto investingETHAltcoinsDeFiDecentralization

Franklin Templeton Names Coinbase Custody for Spot XRP ETF Listing

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Franklin Templeton has amended its S-1 and selected Coinbase Custody as asset custodian for its proposed Spot XRP ETF. The $1.6 trillion manager plans to list the Spot XRP ETF on the Cboe BZX Exchange on November 18, pending SEC approval. Coinbase provides prime broker services, CSC Delaware Trust Company oversees trust management, and holdings will track the CME CF XRP–Dollar Reference Rate. The ETF now appears on DTCC’s active list, marking the final stage before SEC clearance. Market watchers expect the Spot XRP ETF to boost XRP liquidity, drive institutional participation, and catalyze price gains, while analysts note recent XRP pullbacks reflect broader market weakness rather than ETF activity.
Bullish
Spot XRP ETFCoinbase CustodyFranklin TempletonCboe BZX ExchangeInstitutional Crypto Funds

DappRadar Ceases Operations; RADAR Token Falls 32%

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DappRadar, a leading Web3 and DApp analytics platform, announced it will cease operations, citing financial unsustainability amid a prolonged market downturn, reduced funding opportunities and declining user engagement. The company plans to stop tracking blockchains and dApps in the coming days and will issue guidance on its RADAR token and DAO structure. Following the shutdown notice, the RADAR token plunged over 30% on major exchanges, highlighting challenges for decentralized analytics services in tightening capital markets. Traders should monitor updates on token distribution and platform liquidation, as this shutdown may trigger consolidation in the DApp analytics sector and force a reassessment of risk profiles tied to similar crypto infrastructure projects.
Bearish
DappRadarWeb3 AnalyticsRADAR TokenPlatform ShutdownCrypto Market Downturn

Crypto Liquidations Exceed $1B Amid 30% Market Cap Drop

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In the past 24 hours, crypto liquidations topped $1 billion across major exchanges as total crypto market cap plunged nearly 30% since October 6. Bitcoin led the sell-off, with sharp price swings triggering forced closures of leveraged positions. Ethereum and other major assets also saw significant liquidations amid rising margin calls. These crypto liquidations highlight the fragility of margin-based trading and the impact of acute market volatility. Automatic liquidations cascaded, depleting liquidity and amplifying downward pressure. Traders should monitor position sizes and employ strict risk management to mitigate rapid margin calls.
Bearish
crypto liquidationsmarket volatilityleveraged tradingmargin callsBitcoin

Cboe Proposes 24/7 Continuous BTC & ETH Futures

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Cboe Futures Exchange (CFE) has filed with the SEC to introduce continuous Bitcoin futures and continuous Ether futures, offering cash-settled, no-expiry contracts that trade nearly 24/7 (23 hours a day). These products, benchmarked to the CME CF Bitcoin and Ether Reference Rates (CF Benchmarks), represent 1 BTC or 50 ETH each. By eliminating roll costs and funding-rate uncertainty, the continuous Bitcoin futures and continuous Ether futures aim to boost liquidity, narrow spreads and reduce basis risk, making them more attractive to institutional investors. Pending SEC approval, the launch is expected in mid-2024, marking a significant step toward regulated, around-the-clock crypto derivatives trading.
Bullish
Continuous FuturesBitcoinEthereumCBOESEC Filing