Chainalysis report say na hacker groups wey get link to North Korea don knack about $2.17 billion crypto for 2025, and na the February Bybit breach carry make dem lose almost $1.5 billion worth of Ethereum (ETH) — the biggest single-asset hack wey don happen. Dem also link Lazarus Group to about $37 million attack for Upbit, showing say dem still dey target centralized exchanges. Analysts talk say state-affiliated actors now dey responsible for majority of service-level thefts for 2025 and don steal billions over the years. Chainalysis explain how dem dey launder the funds — short, disciplined cycles with transfers under $500k, use of Chinese-language payment processors, guarantee services, cross-chain bridges, mixers and exchanges wey get weak KYC — wetin make recovery and law enforcement hard. FBI tag the Bybit theft to DPRK-linked TraderTraitor operators, wey quickly move and convert parts of the funds. Andrew Fierman, Chainalysis’ Director of National Security Intelligence, warn say sanctions alone no go finish am and dey urge industry-wide coordinated response to disrupt North Korea’s crypto-finance ecosystem. For traders: the report highlight higher systemic risk from big, state-backed breaches, persistent laundering channels wey fit keep stolen supply circulating, and continued pressure on exchange security and compliance — things wey fit raise volatility especially for assets directly involved (notably ETH).
Bearish
North KoreaBybit hackEthereumLazarus GroupCrypto security
BlackRock don place dia iShares Bitcoin Trust (IBIT) as one of three main investment themes wey dem dey focus on for 2026, join top with one ETF wey dey track short-term U.S. Treasury bills and one ETF wey connect to the “Magnificent 7” Big Tech stocks. IBIT collect over $25 billion net inflows for 2025, bring total inflows since e launch for 2024 to about $62.5 billion. The fund come rank sixth among all ETFs by inflows for 2025 even though e make negative returns for the year and Bitcoin fall around 30% from the October peak. BlackRock’s iShares Ethereum Trust (ETHA) also get strong demand, pull about $9.1 billion in 2025 and reach roughly $12.7 billion AUM since inception. The firm don file for a Staked Ethereum ETF to give staking rewards and for a Bitcoin Premium Income ETF wey suppose generate yield via covered-call strategies on Bitcoin futures. IBIT’s 2025 inflows pass rival dem by large margin — more than five times the inflows of Fidelity’s FBTC — show say institutional demand for spot BTC still dey strong and product innovation dey focus on BTC and ETH rather than altcoins. For traders: the steady ETF flows mean structural, product-driven liquidity dey enter BTC and ETH markets, fit tighten ETF-related liquidity premia, and suggest say new yield-oriented products (staked-ETH, covered-call Bitcoin) fit shift institutional allocations and affect derivatives flow and volatility.
Ripple USD‑pegged stablecoin RLUSD reach about $1–1.3 billion market cap inside im first year (launched 17 Dec 2024) and don climb into top five among US‑regulated USD stablecoins. Standard Custody CEO Jack McDonald rank RLUSD third for US‑regulated group behind USDC and PYUSD, while CoinMarketCap broader listing (wey include offshore issuers) place am lower. Drivers for adoption include OCC conditional approval weh tie to Ripple’s National Trust Bank charter, institutional custody with BNY Mellon, attestations by Deloitte, and regulatory recognition for Dubai and Abu Dhabi. RLUSD issuance don scale with real use: institutional flows like tokenized fund off‑ramps from managers like BlackRock and VanEck, repo trades and money‑market integrations. Ripple dey expand RLUSD across multiple blockchains (Optimism, Base, Ink, Unichain via Wormhole/NFT bridges) and dey position the token as regulated dollar instrument wey go complement XRP for settlement, liquidity management and treasury functions. Traders suppose note three practical implications: (1) regulatory and custody backing fit boost on‑chain liquidity and institutional uptake, (2) rapid market‑cap growth dey increase competition with USDC and USDT for trade and treasury flows, and (3) multichain deployments and integrations with tokenized funds fit raise short‑term volume and long‑term stablecoin substitution risk. Keywords: RLUSD, stablecoin, Ripple, regulated stablecoins, institutional custody.
Sen. Cynthia Lummis (R‑WY), weh strong for crypto inside Congress, don announce say she no go run again for 2026 and she go comot from Senate when her term finish. Lummis dey lead early crypto policy work for Congress — including work on the Responsible Financial Innovation Act, the GENIUS Act stablecoin framework, the US Clarity Act, and the Bitcoin Act — and she always dey push make rules clear instead of wetin SEC dey do wey na enforcement-driven regulation. Industry people praise am plenty like Collin McCune (a16z), Greg Xethalis and Kyle Samani (Multicoin), David Sacks (White House crypto official), and other Bitcoin supporters. Her exit remove one big Senate-level ally for clearer crypto laws; stakeholders warn say this fit risk policy continuity and e fit slow down progress for bills wey don dey move for Congress. Lummis talk say fatigue and personal reasons make her decide but she plan to still push crypto laws through 2026. Traders suppose watch legislative momentum for the US Clarity Act and other bills, confirmations of nominees wey go shape regulatory enforcement, and any shifts for how coalitions dey form for Congress — all these fit affect regulatory certainty and short-term market volatility.
MetaMask (ConsenSys) don land native Bitcoin (BTC) support for 15 December 2025, wey mean about 30 million monthly users fit buy, send, receive and swap BTC sharp inside the main wallet without wrapped tokens or separate Bitcoin apps. The integration dey use the open-source Bitcoin Development Kit (BDK) and e first go dey generate native SegWit addresses to lower fees; dem plan to add Taproot address support later. This one expand MetaMask multichain account model (after dem don add non-EVM chains like Solana, Sei and Monad) and join BTC activity to im 2025 rewards programme. The update still enable fiat on-ramps for BTC purchases and internal swaps between BTC and EVM assets, wey fit make ETH/BTC swap volumes inside the wallet increase and make people less depend on wrapped BTC and custodial services. For traders, the change dey simplify portfolio management across chains, fit reduce on-chain costs for BTC transfers inside MetaMask, and increase on-wallet liquidity and swap competition — things wey likely go affect trading flows and exchange service offerings.
One blockchain monitor (Whale Alert) record say about 1,000,000,090 USDT (≈$1 billion) move from centralized exchange HTX go Aave lending protocol. The move fit mean say one big holder dey shift money from exchange enter DeFi to earn yield, use USDT as collateral to borrow, or deploy the capital into strategies wey go make am more efficient. Immediate on-chain effects include less USDT liquidity for HTX and more USDT supply for Aave, wey fit make USDT lending rates fall small for now. Main risks na smart-contract exposure on Aave, possible liquidity shock if dem quickly move or withdraw the funds, and more regulatory eyes on big stablecoin movements. For traders, the transaction show say institutional-scale activity still dey DeFi and stablecoins remain the main on-chain vehicle for big-value allocation. Watch Aave pool liquidity and borrowing rates, HTX exchange depth, and subsequent on-chain flows for trade signals. Primary keywords: USDT, Aave, HTX, whale transfer, DeFi. Secondary keywords: stablecoin liquidity, lending rates, yield generation, smart-contract risk, institutional adoption.
YouTube dey allow eligible creators for supported regions make dem receive payouts and tips for PayPal USD (PYUSD), wey be US dollar pegged stablecoin wey Paxos issue and PayPal distribute. The feature cover monetization tools like Super Thanks, Super Chat and channel memberships where YouTube payment infrastructure and local regulations allow am. E dey roll out through PayPal Hyperwallet integration with Google payments stack, e fit make creators need use compatible wallets or custodial services and e apply only to qualifying creators and specific products. For traders, this one dey increase on-chain utility and potential on-ramp demand for PYUSD. Key things to watch: PYUSD liquidity, exchange volumes, on-chain flows (inflows/outflows from exchanges and wallets), regional rollout pace, and any changes for custody or KYC requirements wey fit affect conversion to fiat. Short term, watch for spikes for PYUSD trading volume and exchange listings; long term, wider adoption by platforms fit raise stablecoin settlement use but e no likely to materially change PYUSD peg dynamics unless regulatory moves or big net outflows happen.
Do Kwon, co-founder of Terraform Labs wey design di Terra ecosystem, dem convict am afta court case wey include heartbreaking letters from victims wey talk wetin dem lost when TerraUSD (UST) and LUNA collapse for May 2022. Prosecutors talk sey Kwon mislead investors and partners, wey contribute to market manipulation and heavy losses for investors. Di letters make court focus shift to di human cost of di collapse. Di conviction make people check algorithmic stablecoins and centralized project governance more, and e show say legal and regulatory risk dey rise for crypto founders and related projects. For traders, dis one dey boost negative sentiment and volatility for algorithmic stablecoins and tokens wey dey tied to opaque governance, fit increase sell pressure and risk premia on similar assets.
US Commodity Futures Trading Commission (CFTC) don start small pilot wey allow make Bitcoin (BTC), Ether (ETH) and USDC fit dey accepted as in‑kind collateral by CFTC‑registered Futures Commission Merchants (FCMs) for contracts wey get same denomination. Acting chair Caroline Pham announce am, the program get better guidance on custody, segregation, enforceability, valuation and operational risk for tokenized assets and e require say participating FCMs go submit weekly reports wey show customer digital‑asset holdings and any events wey fit affect how collateral dey used. The initiative wan make regulators and market people get controlled experience to use crypto as margin while dem dey tackle risks wey dey for unregulated venues (too much leverage, quick automatic liquidations). E still withdraw earlier Staff Advisory 20‑34 and e align with wider law and advisory work to bring tokenized real‑world assets—like treasuries, stablecoins and money‑market funds—inside regulated markets. For traders: the pilot fit boost institutional demand, liquidity and product innovation for BTC and ETH, but e go also raise custody and operational issues; monitoring and reporting requirements suppose reduce some counterparty and settlement risks.
Ethereum co-founder Vitalik Buterin don propose on-chain gas futures market as extension to EIP-1559 wey go allow users pre-buy gas at fixed prices for future time windows. The design dey target high-volume actors — exchanges, rollups, wallets and automation services — turning volatile real-time gas costs into predictable forward expenses. Futures go dey trade on-chain and reflect market expectations of future blockspace demand, go rise when demand dey expected to increase and fall when e dey expected to decrease. Buterin stress say the mechanism na complementary to gas-reduction efforts and e no aim to lower base fees directly; instead e provide cost certainty for scheduled deployments, upgrades and enterprise operations wey dey sensitive to fee spikes. The proposal fit also produce new economic signals wey go help capacity planning and scaling. No formal EIP don been filed and no implementation timeline dey. Primary keywords: gas futures, Ethereum gas fees, on-chain futures. Secondary keywords: EIP-1559, fee predictability, transaction costs.
KuCoin local branch, KuCoin EU Exchange GmbH, don comot Markets in Crypto-Assets (MiCA) licence for Austria, wey allow am make trading, custody and other digital-asset services for 29 countries inside the European Economic Area (EEA) through MiCA passporting mechanism. The licence follow after MiCA full effect for December 2024 and e require say exchanges meet capital adequacy, keep customer assets separate, do proper disclosure and get approvals from national regulators. KuCoin talk say this approval na part of their bigger compliance push — the “$2 Billion Trust Project” — and dem show recent controls and certifications like SOC 2 Type II, ISO 27001:2022, ISO 27701, Cryptocurrency Security Standard (CCSS) and third‑party proof‑of‑reserves audits. With the change, most EEA users (except Malta) go move to a MiCA‑compliant KuCoin EU platform, and new registrations on KuCoin Global go block for the region. The licence put KuCoin beside other big exchanges wey secure MiCA authorisation (Coinbase, Kraken, Bitstamp) and e fit widen EU market access and institutional credibility. For traders, MiCA bring clearer disclosure, better customer‑asset protections and operational standards; KuCoin’s approval fit shift regional user flows and competitive positioning and fit affect institutional order flow to the exchange.
Trump Media & Technology Group and Crypto.com dey plan to launch one public company weh go focus on Cronos (CRO) through SPAC business combination wit Yorkville Acquisition Corp (YA II PN, Ltd). Di proposed Trump Media Group CRO Strategy, Inc. treasury go pass $6 billion and e go include about 6.3 billion CRO tokens, $200 million cash, $220 million in warrants and $5 billion equity line of credit. Trump Media don commit to buy $105 million CRO and to put CRO inside Truth Social and di coming Truth+ streaming rewards and payments. Di combined group dey plan to run Cronos validator node dey target around 6% APY for staking rewards and dem dey position CRO as utility token for transactions, governance and staking. Management changes dey planned after close, with Steve Gutterman named CEO and Sim Salzman CFO; di deal expect to close early 2026. Di announcement follow scrutiny and one 78-page report weh allege political connections and regulatory favoritism for Trump-branded crypto ventures. Traders suppose note key risk vectors: concentrated public treasury holding large CRO allocation, token year-to-date decline (~47%), political and regulatory scrutiny, and concentrated buy-ins — all fit increase volatility despite di long-term growth framing. Keywords: Cronos, CRO, Crypto.com, Trump Media, SPAC merger. Secondary keywords: treasury, staking rewards, validator node, Truth Social integration, regulatory scrutiny, market cap decline.
Abu Dhabi Global Market (ADGM) an regulator dem FSRA don approve Ripple tokenized US dollar we dem dey call RLUSD make institutions fit use am for inside ADGM financial free zone. Dis approval mean say licensed institutions an regulated entities for ADGM fit custody, transact an settle with RLUSD for approved financial services. Ripple talk say RLUSD na issued by regulated custodians an e design for institutional settlement an liquidity; dem still report say di token market cap don pass $1 billion. Di approval follow Ripple broader UAE licensing an regional partnerships (including Dubai an Gulf trials) an e follow Abu Dhabi plan to expand regulated digital-asset infrastructure. Market wahala for traders: more institutional on‑ramps an higher potential settlement volumes for RLUSD fit boost demand an liquidity for di tokenized dollar for inside regulated jurisdiction, wey go support tighter spreads an deeper order books. Make una watch for renewed institutional flows, custody integrations an pilot rollouts with regional partners wey fit raise RLUSD trading volumes an on‑chain settlement activity. Keywords: RLUSD, Ripple, Abu Dhabi Global Market, institutional stablecoin, tokenized dollar, custody, regulated digital assets.
Bullish
RLUSDRippleAbu Dhabi Global MarketInstitutional stablecoinTokenized dollar
Bitcoin don climb pass $85,000 for OKX, e reach $85,016 during the day, showing say demand from big institutions plus strong buying dey push am up. Traders suppose dey watch if $83,000 go hold as support and $86,000 as resistance, dey observe if $85,000 level fit hold give signs for more increase, plus check short-term wahala using order book depth and funding rates. If institution interest continue, e fit make Bitcoin gain more and affect altcoins too.
Spot Bitcoin ETFs don record beta strong net inflows dis week, wit $524 million on Tuesday and $238.4 million on Friday, wey reverse $903 million outflow. BlackRock’s IBIT lead Bitcoin ETF flows, followed by Fidelity’s FBTC/FETH, Ark Invest’s ARKB, Grayscale’s GBTC and Bitwise’s BITB. Ethereum ETFs end eight-day outflow streak wit $55.7 million inflows, driven by Fidelity’s FETH. Solana ETFs extend 10-day inflow run, reach $510 million since October launch. At di same time, Ether’s 15% weekly price drop cause $460 million long liquidations, but futures funding rates climb to 6%, show renewed bullish sentiment. Bitcoin prices dip to $103,000 before bounce back above $104,700. Dis Bitcoin ETFs flows show growing demand for crypto ETFs and fit push prices toward $108,000–$110,000 resistance zone.
BlackRock don register iShares Staked Ethereum Trust as statutory trust for Delaware, na e be first step for launching one US-listed Ethereum staking ETF. Unlike dem $13.1 billion spot Ethereum ETF wey the company get, dis new Ethereum staking ETF go hold ETH and dey stake some through third-party custodians, dey pass 3–4% annual staking rewards directly to shareholders.
Dis filing don start race among asset managers like VanEck, 21Shares, Fidelity, Franklin Templeton and Grayscale. BlackRock gots to file Form S-1 with SEC and follow final custody and staking rules before dem fit launch am for Q2 2026.
After the announcement, ETH price come rise from intraday low for near $2,870 go pass $3,000. On-chain data dey show say whales dey accumulate for $2,800 support level, wey match di price wey big holders and retail investors don realize. Meanwhile, spot Ethereum ETFs get outflows last week.
Traders suppose dey watch SEC approval timeline, staking yield trends and continued whale buying for possible bullish signals. To launch US-listed Ethereum staking ETF fit boost market liquidity, bring back investor demand and give nice staking yields.
New Hampshire don okay release up to $100 million worth Bitcoin-backed municipal bonds, na be di first time state level test of digital asset for public debt. The New Hampshire Business Finance Authority approve taxable pipeline revenue bond for WaveRose Depositor, LLC wey be secured by over-collateralized Bitcoin wey BitGo dey hold. The bond get structure wey require 160% collateral ratio plus automatic liquidation at 130%, to protect risk without taxpayers liability. The net money wey dem get go form Bitcoin Economic Development Fund to encourage local innovation. Backed by law wey allow municipal crypto investments plus 5% Strategic Bitcoin Reserve, these Bitcoin-backed municipal bonds dey link fixed income join digital assets, fit open road for similar offers for whole US.
Di Bitcoin ETF market see net outflows of 1,723 BTC on Nov 4 and sharper exit of 6,105 BTC by Nov 19, show say institutional demand don shift. According to Lookonchain data, BlackRock’s iShares Bitcoin Trust lead di outflow with withdrawals of 1,748 BTC then 5,628 BTC, reduce e assets from 799,701 BTC (US$83.6 billion) to 782,852 BTC (US$71.7 billion). Ethereum ETFs still record net outflows of 38,833 ETH and 40,442 ETH on di same days. BlackRock’s iShares Ethereum Trust top di withdrawals wit 22,681 ETH then 52,612 ETH, cut holdings from 3,970,064 ETH (US$14.1 billion) to 3,656,670 ETH (US$11.19 billion). Di ETF fund flows show say asset managers dey take profit and rebalance portfolio as market dey uncertain. Watching Bitcoin and Ethereum ETF flows fit give traders vital info about market mood and possible price pressure for di volatile crypto sector.
Di Czech National Bank don start one $1 million crypto pilot wey no dey part of their official reserves on October 30, 2025. Di pilot portfolio hold Bitcoin, one stablecoin wey get US dollar pegging plus some tokenized deposits to test digital assets, trading, custody, audits with AML compliance. Through dia CNB Lab Innovation Hub, di bank wan explore blockchain, AI tools, instant payments and tokenization for di next two to three years. Governor Aleš Michl still see say koruna go move enter tokenized investments for everyday use. Earlier dis year, di bank think to use up to 5% of their $146 billion reserves for Bitcoin but no get board approval. Dis cautious crypto pilot fit with how global central banks dey test digital currencies and e give traders better understanding of how institutions dey engage more for digital assets.
Bullish
Central BankCryptocurrency PilotDigital AssetsBlockchain InnovationFinancial Technology
Nasdaq go list di fust U.S. spot XRP ETF, XRPC, on November 13, 2025. Di fund wey Canary Capital dey manage, dey track di XRP-USD CF Benchmarks Reference Rate Index and dey charge 0.50% fee. U.S. Bancorp Fund Services dey handle transfer agency, while Gemini and BitGo dey provide institutional-grade custody. XRP market cap be $143 billion and how dem take dey use am cross-border payment don make strong demand from top investors. After Solana Staking ETF (BSOL) attract $531 million for di first week, analysts believe sey di XRP ETF go see plenti money flow, fit pass di Solana ETF. Listing for Nasdaq mean say pipo no go need crypto wallets or exchanges again, e make am easy for both retail and institutional investors to get spot XRP ETF.
Solana spot ETFs don attract near $600 million for assets since dem start, dey get net inflows for 10 days straight. Last week, the funds record $6.8 million net inflows for the week. Bitwise BSOL lead with $5.9 million, Grayscale GSOL add $0.9 million. Total AUM now dey at $598 million and net asset ratio stay 0.64%. Derivatives open interest steady for $3.4 billion and funding rates average -0.0009, show say market sentiment balanced. SOL dey trade around $165, down about 1–2.3% in 24 hours, dey test resistance at $170 and support at $160; if e break below fit target $150. On-chain metrics strong, daily active addresses high. Strong spot demand and steady ETF inflows show say market dey mature and fit get bullish momentum for SOL.
Nine XRP spot ETF applications don dey listed for DTCC platform, na record high before official approval dem come. Issuers dem include Franklin Templeton, Bitwise, 21Shares, Canary Capital, CoinShares, Volatility Shares plus Amplify. Canary Capital amended 8-A filing don get Nasdaq approval, e position am as di first ’33 Act spot XRP ETF wey go launch soon. Bitwise and Grayscale dem sef update their S-1 filings, show say dem go do their own ETF debut. As U.S. government shutdown don end, SEC don resume full ETF reviews, clear backlog of seven pending XRP spot ETF approvals. XRP price jump pass 12% on November 10 because of ETF optimism and government funding news. Analysts dey forecast say inflows fit reach $5 billion for di first month, just like bitcoin spot funds success. Better regulated access go XRP through these ETFs fit boost liquidity, institutional adoption plus price momentum.
Former President Donald Trump talk say e no get any personal or money connection with Binance guy Changpeng Zhao during one ’60 Minutes’ interview wey happen on November 2. E reject those talk say Binance help pro-Trump people buy stablecoin. Trump talk say the legal wahala against Zhao na political gbege and e say the pardon wey e give Zhao — wey be say Zhao do four months prison and pay $4.3 billion because dem accuse am for money laundering — no be to gain political benefits. Trump talk say cryptocurrency get plenty value for USA economy and America suppose lead the way for new things for cryptocurrency business, especially against their competitor like China. Meanwhile, Zhao dey face new problem since some US Senate Democrats, led by Senator Elizabeth Warren, ask for government check on possible conflict about one proposed USD stablecoin for Trump crypto business. Some talk say Zhao fit sue Warren for bad mouth. Traders suppose dey watch wetin dey happen for Binance plus the new law changes, because these fit affect how BNB go perform for short and long time trading.
Strategy Inc dey still dey collect Bitcoin wit dem just buy 397 BTC for $45.6 million at average $114,711 per Bitcoin. Dis na dia 13th straight time to dey add Bitcoin plus e be dia 4th week straight wey e dey buy, dem use dia internal money pay for am. Dis one don increase dia total BTC holdings to 641,205 BTC wey value $69.17 billion, cost base na $47.49 billion with unrealized profit pass $21 billion. This year, dia Bitcoin assets don give dem 26.1% return. Even tho Bitcoin drop small by 2.5% to around $107,354 for past 24 hours, Strategy aggressive corporate treasury model still dey intact. Dia way of doing tins don make other companies like Aifinyo AG and DDC Enterprise begin follow dia style. Big investors, political-risk hedging as US government dey shutdown, plus hope say regulations go clear soon, all show say bullish momentum for Bitcoin go still dey.
Romania National Office for Gambling (ONJN) don yarn ISPs to block Polymarket website. The regulator say say di platform na unlicensed crypto wager service. ONJN find out say Polymarket process over $600 million for bets on real-world tins without Romanian gambling license. Dem mention say wan dey for financial reporting, user protection, and anti-money laundering controls. President Vlad-Cristian Soare talk say local gambling law dey apply for blockchain-based betting. Polymarket gats get correct license and put mandatory safeguards. Dis move na like global restrictions wey US CFTC, France, Belgium, Poland, Singapore, and Thailand don do before. Traders gats watch regulatory changes as similar bans fit affect DeFi access and market confidence.
Democratic Representative Ro Khanna don introduce new bill wey go ban crypto trading for US House. Dis law go forbid president, vice president, members of Congress and their family dem from owning, creating or trading cryptocurrency and stocks. E require make officials put their digital asset wey dem get inside blind trust during their term plus two years after, and make dem show all their crypto transactions. The bill expand Khanna stalled 2023 Ban Congressional Stock Trading Act by adding memecoins, stablecoins, NFTs and DeFi platforms. E dey target former President Trump alleged use of endorsements to boost shady crypto biz and criticize Trump pardon for Binance CEO Changpeng Zhao. This bill go make watchdog strong, stop conflict of interest and shape US crypto law.
Neutral
Crypto RegulationUS PoliticsConflict of InterestBlind TrustsBinance Pardon
Evernorth Holdings, wey Ripple dey support, don gather pass 388.7 million XRP tokens, dem invest about $1 billion at average price of $2.44. For the current market price of $2.66, their XRP portfolio dey worth $1.03 billion, meaning say dem get unrealized gain of $85.5 million. The company get plan to go public through SPAC merger with Armada Acquisition Corp II, dem dey target at least $1 billion new funding to build big XRP treasury. CEO Asheesh Birla dey lead the effort, with Ripple people like Brad Garlinghouse, Stuart Alderoty and David Schwartz join as strategic advisors. Another Ripple-backed XRP treasury project dey go on to expand institutional adoption more. This big XRP buying don push token up by 1.5% and e also support 10% weekly gain. This move show say institutional confidence for XRP dey grow and e bring back talk about possible U.S. spot XRP ETFs.
Spot Bitcoin ETFs carry net inflow of $477.2 million on October 21, reverse four days of withdrawals and lift trading volume to $7.41 billion. After small outflow, ETFs revert to net inflows of $20.3 million on October 23, led by BlackRock’s IBIT ($107.8 M), Bitwise’s BITB ($17.4 M), and Fidelity’s FBTC ($7.2 M), offsetting redemptions from Grayscale’s GBTC and Ark’s ARKB. Meanwhile, spot Ethereum ETFs attract $141.6 million on October 21 but see $127.5 million in outflows on October 23, extending one week retreat. Bitcoin rebound pass $110,000 to $111,200 and hit weekly high of $113,940. If break above $112,000, e fit clear road go $115,800, supported by rising RSI, but if e no fit hold $110,000, e fit test support at $105,000 and $100,000. Steady ETF inflows and trading volume go critical to confirm bullish breakout.
FalconX don agree to buy Swiss ETP issuer 21Shares with all stock deal wey value am $1.15 billion. The merger combine FalconX US distribution, liquidity and prime brokerage services wey don help pass $2 trillion trade volume for over 2,000 institutional clients with 21Shares European ETP issuance platform and 55 exchange-listed products wey dey manage over $11 billion assets. The acquisition put FalconX for front for crypto ETF boom after SEC approve spot Bitcoin ETFs. 21Shares go still dey operate independently under CEO Russell Barlow, while founder Hany Rashwan team go join body to develop tailored crypto investment vehicles. No changes dey planned for existing European ETPs or US ETFs. Traders fit expect more access to regulated crypto ETFs and ETPs.