Daily News 19

Category: Coins

Digital assets, cryptocurrencies, blockchain, and currency news.

  • Michael Saylor: Sell perpetual euro stocks – buy Bitcoin

    Michael Saylor: Sell perpetual euro stocks – buy Bitcoin



    • Michael Saylor wants for his company Generate funds through the sale of perpetual Euro preferred shares; with that mehr Bitcoin be procured.
    • It’s specific 3.5 million shares of the 10% Series A Perpetual Stream Preferred Stock is 100 € .

    Michael Saylor’s Bitcoin-focused company Strategy sharedto launch an initial public offering of euro-denominated perpetual preferred shares as part of its long-term strategy to expand Bitcoin holdings.

    The move reflects the company’s ongoing efforts to bolster its fortunes with digital assets while diversifying its funding sources.

    According to the Press release Strategy intends to purchase 3,500,000 shares of its 10% Series A Perpetual Stream Preferred Stock, known als STRE Stock, to spend .

    Every share has a value of 100 euros and an annual cumulative dividend of 10%. The funds raised will be used for general corporate purposes, specifically acquiring more Bitcoin, underscoring Saylor’s vision of positioning Bitcoin as the company’s core reserve.

    The dividend payments take place quarterly, beginning on December 31, 2025. In the event that a dividend is not paid, dividends will accumulate at an increasing rate of up to 18% per year until full payment is made is. This structure offers investors a steady return and allows the Strategyto remain flexible in capital allocation.

    Dividend deferral rules provide strategic flexibility

    The Offer contains detailed provisions for dividend deferrals and redemptions. If the Strategy defers dividend payments, it must attempt to raise sufficient proceeds by selling other classes of shares to cover unpaid dividends.

    In addition, the Company reserves the right to redeem all outstanding STRE Shares under certain conditions, such as: B. in the event of tax events or if the total number of outstanding shares falls below 25% of the original issue.

    Each stock has a €100 liquidation preference, which is adjusted daily based on trading performance or market price benchmarks.

    This approach closely ties the value of the stock to market demand and reflects a dynamic mechanism that is attractive to institutional investors.

    Strategy increases its Bitcoin holdings with further purchases

    Strategy’s consistent capital raising continues to serve its aggressive Bitcoin accumulation strategy. Recently bought this Company 397 BTC worth about $45.6 million at an average price of $114,771 per BTC.

    Through this the assets increased to an impressive 641,205 BTC for around $47.49 billion was purchased at an average price of $74,057 became.

    But the mood on the Bitcoin market is currently mixed. Analyst Lark Davis noteddespite the fact that Bitcoin is holding above $100,000, the lack of a new high raises questions about whether the four-year cycle was extended or peaked at $126,000.

    Prediction markets like Polymarket show a 50/50 chance that Bitcoin over $100,000 by the end of the year will remainwhat the dealers vigilant holds as Saylor’s firm continues to expand its high-stakes Bitcoin strategy.

    Image

  • Pi Network introduces AI integration with OpenMind

    Pi Network introduces AI integration with OpenMind



    • The collaboration between Pi Network and OpenMind leverages 350,000 nodes and transforms unused computing power into productive AI power.
    • Proof-of-concept ensures decentralized AI training, node operator income, and merging blockchain database technology with machine learning.

    Pi Network has officially launched its AI collaboration with OpenMind, ushering in a new phase of decentralized computing supported by more than 350,000 global nodes. This partnership enables AI models to run directly on the Pi Node system, representing a significant step forward towards community-driven computing and shaping the future of the digital economy.

    In the collaboration, Pi’s distributed network handles demanding AI workloads while rewarding node operators with Pi tokens. the project transforms unused computing power into productive processing capacity for OpenMind’s models. This provides system participants with new sources of income and at the same time strengthens the connection between blockchain technology and artificial intelligence.

    The collaboration was validated through a live proof of concept in which volunteer Pi Node operators successfully ran OpenMind’s image recognition models. This test showed that the Pi Network can handle decentralized AI training and proves its strength to support real-world machine learning tasks at scale.

    OpenMinds OM1 system lets bots and devices work together

    Pi Network Ventures made its first investment in OpenMinda company developing the OM1 operating system and FABRIC protocol for intelligent machines. These systems enable robots and devices to work together securely without relying on large providers, connecting the physical and digital worlds through a decentralized network.

    The investment is in line with Pi Network Ventures’ three main objectives:

    1. Expanding the use of Pi in real-world applications
    2. Increasing production on the Pi network
    3. Creating more token-based utility

    The partnership underscores Pi’s mission to connect blockchain with AI to solve real-world computing and coordination problems.

    OpenMind’s shared intelligence layer creates an open ecosystem in which autonomous systems learn and collaborate. It brings computation, payments, and distributed infrastructure together in one space, helping individuals and communities easily use AI in the same ecosystem.

    By investing in OpenMind, Pi Network Ventures aims to prepare its ecosystem for a future in which AI agents independently carry out digital transactions. This vision supports a broader shift toward decentralized operations, where both human and machine contributions are recognized through transparent, blockchain-based rewards.

    Pi Network advances AI through distributed computing

    The completed proof of concept shows how Pi’s unused computing power can help AI work efficiently. Its consensus algorithm reduces power consumption and allows node operators to share resources for AI tasks while keeping the network stable and secure.

    The project shows a way to build a decentralized computing market within the Pi ecosystem. Developers who need low-cost computing power for AI models can pay node operators directly in Pi, converting additional capacity into a useful economic resource that generates measurable rewards for contributors.

    The collaboration also shows how Pi’s distributed work network can be connected to its computing layer. Users can provide feedback, share computing power and participate from a single platform, building a self-sustaining digital economy based on blockchain rewards.

    Pi Network’s move with OpenMind signals an evolving approach to merging blockchain infrastructure with artificial intelligence systems. By deploying decentralized computing across hundreds of thousands of nodes, this partnership can reshape the way people engage online and share digital resources in the future.

  • Bitcoin as a victim of imaginary quantum computing attacks – long before a real threat

    Bitcoin as a victim of imaginary quantum computing attacks – long before a real threat



    • Advances in the field of quantum computers are leading prophets of doom to panic – but there will be no real threat to Bitcoin for a long time.
    • Bitcoin security upgrades are encountering slow consensus, increasing tension over the timing of quantum-resistant adoption.

    In connection with advances in quantum computing, there is increasing concern that Bitcoin encryption will not last much longer. Innovations from Google, IBM and Caltech have drawn attention to a possible “Q-Day,” the day when the encryption used by Bitcoin could be cracked. The day is still far away, but the fear of it has already done its damage.

    Many analysts warn that the currently completely unfounded fear could still trigger large sales long before a quantum computer gains the ability to unravel the Bitcoin protection algorithm.

    Yoon Auh, founder of post-quantum company BOLTS Technologies, pointed to recent market behavior. He says:

    “Crypto had a bit of a flash crash. A sale of $50 million to $100 million – basically not worth mentioning in traditional markets – triggered massive losses for blockchain assets. This shows how fragile the system still is.”

    Doubts about encryption can trigger panic selling

    Earlier this month, President Donald Trump’s announcement of a 100% tariff on Chinese imports led to the largest single-day crypto sale ever. As CNF reported, around $19 billion evaporated when the Bitcoin price briefly fell below $102,000. The traders reacted before any verification or context was even apparent.

    Auh warned that the same thing would play out if rumors about quantum computers decrypting the Bitcoin algorithm grow:

    “Imagine hearing someone say, ‘Elliptic curve cryptography can be broken now, maybe not right away, but soon.’ Everyone would run for the exit. The system would trip over itself.”

    A past event in 2017 provided an example. A false online claim about Ethereum founder Vitalik Buterin caused billions of dollars in losses.

    The concerns stem from the mathematics underlying Bitcoin wallets. In 1994, Peter Shor showed that a sufficiently powerful quantum computer running his algorithm could calculate elliptic curve cryptography and reveal private keys. Bitcoin uses one method on behalf of “secp256k1” which is based on this math.

    Ethereum and Solana could overtake Bitcoin in upgrade

    Rebecca Krauthamer from QuSecure pointed to ML-DSA, which was standardized by NIST as a replacement for elliptic curve signatures. ML-DSA relies on grid mathematics designed to resist attempts at decryption. Only a few blockchains, such as QRL, Cellframe, Algorand, IOTA and Nervos, have already integrated quantum-resistant signatures.

    Many larger blockchains, including Bitcoin and Ethereum, continue to research and test incrementally. Any change to Bitcoin requires broad coordination between miners, developers and node operators, meaning in practice longer debates, validation and community acceptance.

    Scott Aaronson of the University of Texas at Austin noted that in Bitcoin you need a majority of miners to agree to a fork. He mentioned that early coins worth large sums are only protected by current elliptic curve methods. Ethereum and Solana could adapt more quickly due to the different governance structures.

    Christopher Peikert of the University of Michigan said quantum risk is above 5% in long-term forecasts, but not in the near term. He noted that post-quantum methods will likely require larger signatures and larger block sizes, raising performance concerns. He added:

    “In the short term, you should avoid revealing public keys on a public network unless absolutely necessary and only give those keys a short lifespan.”

  • Chainlink is the undisputed crosschain champion – now also on Ethereum, Solana, TON and Stellar

    Chainlink is the undisputed crosschain champion – now also on Ethereum, Solana, TON and Stellar



    • Chainlink expanded its services to 24 additional blockchain networks within a week.
    • Companies that want to introduce blockchain technology can hardly avoid LINK as a crosschain vehicle.

    Chainlink has further solidified its dominance in decentralized data connectivity and expanded its presence on other major blockchain networks.

    The oracles provider reported 62 new integrations spanning 24 different blockchains, including Ethereum, Solana, TON and Stellar. This expansion highlights the growing demand for Chainlink infrastructure in DeFi, GameFi and traditional financial systems.

    According to on-chain data This week, new projects such as Unitas Labs, ApeX DEX and Ondo Finance joined the Chainlink ecosystem, contributing to wider adoption.

    This constant growth underlined Chainlink’s position as a foundational layer for smart contracts, above allas decentralized finance continues with traditional marketsmerge.

    Industry observers note that the network’s utility in linking different chains to real-world information has made the service indispensable for developers and businesses.

    Today, Chainlink’s oracle solution the level of cooperation with leading financial institutions and The Fintech Institutionreachedwho are researching blockchain-based settlements.

    LINK is Chainlink’s core service

    The LINK token the will power Chainlink’s network still more valuable because the project its reach into mainstream ecosystemsexpands.

    Views in the crypto space as expressed by Experts AncientMedicine on X divided became, point to theupcoming takeover of the DLT technology through Chainlink in collaboration with global banks around the world hin.

    As the analyst noted, LINK’s live utility could surge once the regulatory framework is in place and companies start adopting blockchain technology.

    The token is essentially the operational fuel that makes Chainlink’s decentralized network thrive, and is efficient the price of oracle data in the form of network staking paymentsis.

    Das Cross-Chain Interoperability Protocol (CCIP) und die Chainlink Real-World Economy (CRE) sind important Projects that the transfer of tokenized assets between the chainsfacilitate. These developments underpin the concept of LINK as a universal gas token.

    Chainlink sets the benchmark for external data reliability

    As blockchain networks advance toward interoperability, Chainlink’s standards set the pace for data verifiability and communication between networks.

    SCALE initiatives which are based on projects like XDC and Stellar aimalso show how other blockchain networks focus on theChainlink technology alignto meet chain-wide data standards.

    Es is assumedthat any Layer 1 or Layer 2 network that is not integrated with the Chainlink data protocols due to the Liquidity fragmentation will gradually lose competitiveness.

    Chainlink is leading the way towards a blockchain-based ecosystem through its growing influence on the Ethereum, Solana, TON and Stellar blockchains.

    Currently, LINK is trading at $15.92 as market analysts expect a possible recovery if the integration momentum continues.

    Analyst Ali Mertinez observedthat LINK could be approaching a golden buying opportunity around $15, suggesting a great time to accumulate ahead of a possible breakout $100 points out.

    Image

  • Bitcoin lost 5%, ending the crypto market’s “Uptober tradition”.

    Bitcoin lost 5%, ending the crypto market’s “Uptober tradition”.



    • Bitcoin lost almost 5% in October, ending October’s long-held role as a month of growth.
    • Massive liquidations have wiped out billions, and investors are worried about customs rampage across the Atlantic, high volatility and uncertain stock market prices.

    Bitcoin broke its long-standing October growth tradition and posted a nearly 5% decline, its first loss in an October since 2018. Bitcoin remains under pressure from heavy liquidations and renewed uncertainty in financial markets.

    The setback followed a record sell-off earlier this month as digital assets fell sharply due to global market instability. U.S. President Donald Trump announced a 100 percent tariff on Chinese imports and warned of possible software export restrictions, making investors nervous and prompting them to trade cautiously amid uncertain conditions.

    During the October 10-11 window, Bitcoin fell from a record high of over $126,000 to as low as $104,782.88. Adam McCarthy, senior research analyst at Kaiko, noted:

    “The drop on October 10th really reminded people that this asset class is very narrow. There’s only Bitcoin and Ether, and even those can see a 10% drop in 15, 20 minutes.”

    Investors concerned about Bitcoin selling pressure

    The sudden plunge led to the largest crypto liquidation event ever, wiping out billions of dollars from leveraged positions on various exchanges. Analysts noted that months of steady gains made investors nervous, causing them to sell in panic and triggering margin calls within hours.

    Jake Ostrovskis, Head of Over-the-Counter at Wintermute, explained:

    “Participants remain hesitant as they process the largest liquidation event ever. This caution continues as speculation remains about certain vulnerabilities that may still exist in the system.”

    JPMorgan Chase CEO Jamie Dimon warned earlier this month of a possible stock market correction within the next six months to two years, further dampening risk appetite. Investors retreated into cash and defensive assets, putting Bitcoin under rapid selling pressure.

    Bitcoin price falls to $107,500

    At the time of writing, Bitcoin is trading at around $107,500, down 2.61% in the last 24 hours. The market value is about $2.14 trillion, turnover increased to $42.41 billion, and of the 21 million BTC, 19.94 million are in circulation, suggesting active investors.

    Despite the setback, Bitcoin is up over 16% this year. Major companies such as BlackRock, Fidelity and Grayscale continue to invest in crypto ETFs, increasing institutional exposure. Bitcoin has around 53% market share of the global crypto market – so its dominance is by no means in question. Analyst BigBullMike7335 (@Michael_EWpro) predicted:

    “BTC will be between $135,000 and $140,000 on December 25. The 200,000+ dreamers will find out.”

    His prediction follows patterns observed after Bitcoin’s previous halving events.

    What:

    Many traders expect the halving to be followed by a rally through 2025. Although recent losses have shaken short-term confidence, most analysts expect long-term growth to continue as major markets continue to grow strongly and steadily.

  • TON blockchain introduces CCIP and makes TON a crosschain token

    TON blockchain introduces CCIP and makes TON a crosschain token



    • TON gains access to crosschain transactions via Chainlink’s CCIP.
    • Data streams provide verified price information for DeFi tools.

    SOUND has through the Integration Chainlink’s Cross-Chain Interoperability Protocol CCIP has reached a new level of expansion. The announcement positions Chainlink CCIP as the primary cross-chain path for Toncoin transfers.

    This move connects TON to more than 60 blockchain networks via the Cross-Chain Token (CCT) standard. The initiative integrates TON into a broader multi-chain environment where assets and applications can communicate directly without isolated borders.

    This link means that Ton Coin is no longer limited to just one blockchain. Projects that already use Chainlink CCIP channels can now expand their activities to clay without the need for their own bridge. Liquidity from connected blockchains can be transferred to TON while maintaining the security controls of Chainlink tools.

    Developers working on decentralized finance applications gain more flexibility by reaching customers and assets across different blockchains. The direct network connections reduce the reliance on manual bridging tools, which often introduce greater security risks and delays.

    Chainlink provides TON with real-time data

    In parallel with the CCIP launch, Chainlink also launched its data stream system for TON. It updates prices from known market sources and sends them in real time.

    The CCIP is designed to support trading, lending and derivatives platforms that require continuous, verified prices to reduce slippage and execution delays.

    The data stream system verifies price data to prevent manipulation. This keeps decentralized applications that rely on price signals transparent. Fast data delivery enables quick decisions without compromising the reliability of the data.

    Thodoris Karakostas, Director of Blockchain Partnerships at Chainlink Labs, explained:

    “With Chainlink CCIP enabling cross-chain transfers of Toncoin via the Cross-Chain Token (CCT) standard, and Data Streams providing low-latency price data, developers and users on TON now have the infrastructure to develop and use advanced DeFi applications that scale across chains and markets. By connecting TON to the growing CCIP network of supported chains, we are enabling a new level of cross-chain liquidity and composability for the entire Web3 system.”

    TON uses L1 design for global access

    TON has positioned itself for broader public access due to its Layer 1 performance design. Its direct connection to Telegram’s wallet and mini-app system makes blockchain activities easier for a large number of users. Telegram has more than a billion users, giving TON the opportunity to reach people who have never used digital assets before.

    By giving users access to CCIP-linked assets, TON becomes a hub for users who want to transfer assets or use decentralized applications without going through complicated onboarding steps. This integration makes it easier for users to engage in cross-chain financial activities.

    Glenn Brown, VP of Business Development at the TON Foundation, explained:

    “The integration with Chainlink’s CCIP and Data Streams is an important milestone in the development of TON. Chainlink provides the secure and field-proven infrastructure we need to enable seamless cross-chain transfers and data-driven DeFi on a global scale.”

  • Cardano founder Hoskinson remains stubborn: Dogecoin should become more modern – again

    Cardano founder Hoskinson remains stubborn: Dogecoin should become more modern – again



    • Charles Hoskinson insists on his proposal to modernize Dogecoin using the Bitcoin 2 roadmap.
    • Dogecoin is holding steady at $0.18 with traders eyeing a rise towards $0.33.

    Charles Hoskinson, the founder of Cardano, has the discussion about modernizing the Dogecoin blockchain architecture rekindled .

    His goal is to transform the popular memecoin into a faster and more reliable digital asset that could serve as the official payment currency for Elon Musk’s social media platform X.

    The idea is not new; Hoskinson first proposed them in March 2025 when he proposed a complete technical overhaul of Dogecoin based on the Bitcoin 2 roadmap. This should have brought more scalability and greater efficiency, but Dogecoin’s existing system and user base would have remained fundamentally as it was. Elon Musk should have played a key role in this. But as usual, he talked a lot and did – nothing.

    And even months later, there is no collaboration between Musk and Hoskinson. Now Hoskinson has revisited the idea at the urging of community members. He describes the project as technically exciting and a rare opportunity to work with Musk, who is one of the largest public supporters from Dogecoin is. After his row with President Trump and his expulsion from the White House, Musk would definitely have time again.

    DOGE and government blockchain integration

    In addition to upgrading Dogecoin to Musk’s Platform

    Specifically, Hoskinson proposed a combination of Cardano, Bitcoin and Midnight, Cardano’s privacy-focused sidechain, for this project. DThis combination should set the pace Scalability and security offer die for building a massive blockchain infrastructure are required.

    The fact that Hoskinson has reiterated his interest in Musk’s system suggests thisthat his motives for Dogecoin above a pure token exchange go out could .

    He may well have seen the potential of Dogecoin, both the transaction token for X and a focal point for the experiment bedecentralized Technology and responsibility to integrate .

    Dogecoin remains above $0.18 – buyers are getting back in

    At press time, DOGE is trading at $0.1868, holding support at the lower end of its consolidation range. The token has made several attempts to break out higher and buyers now appear to be getting back in.

    However, it appears that buyers are taking a step back and if the support at $0.18 holds, the next target for DOGE could be between $0.22 and $0.26 and potentially reach $0.33.

    Image

    Analyst observations suggest that ADA could be consolidating and awaiting the breakout point within the next 150 days. Starting from the current situation could es up to 200% climbif the accumulation process as expected runs.

    Image

  • The ECB wants to preserve the advantages of cash with the digital euro

    The ECB wants to preserve the advantages of cash with the digital euro



    • The European Central Bank plans to introduce the digital euro by 2027 to modernize payments and maintain monetary policy independence.
    • The aim is to protect privacy, strengthen the ability to innovate and also benefit the digital economy from the advantages of cash.

    The European Central Bank (ECB) is moving closer to launching the digital euro, which will ensure the EU currency remains effective in an increasingly digital economy.

    With it should citizens a secure digital payment option receivewhich complements physical cash and preserves financial stability and consumer freedom.

    The Governing Council has officially… nextDevelopment phase of the project approvedwhich focuses on the technical preparation of the launch. This phase creates the basis on which the digital euro will function in practice.

    The ECB explained, The digital € version will work both online and offline Comprehensive payment options for citizens of the EURO zone offerwithout relying on private intermediaries or foreign-controlled systems.

    According to the ECB, the digital version of cash will not replace euro notes and coinsrather transferring their advantages into the digital age and ensuring accessibility and reliability in the Eurozone.

    Practical introduction

    The final decision on the issuance of the digital euro depends on the approval of the European Parliament and the Council.

    If the required legal framework within the next year is created, goes the ECB assuming that they 2027with their pilot programcan begin. The first edition could take place by 2029, depending on the success of these attempts.

    ECB President Christine Lagarde has stressed that the aim is to ensure that the euro remains a trustworthy and adaptable symbol of European unity. She saidthat although cash in hand remains indispensable for many, the rapid transition to digital transactions new procedures requiredie privacy and financial sovereignty preserve.

    The ECB has too highlightedthat the users’ data according to strict European standards Data protection standards be protected. The concept includes Measures to prevent misuse and ensure practical handling for private individuals and companies equally.

    Strengthening Europe’s financial independence

    With the introduction of the digital euro, monetary policy autonomy will also be achieved Europe’s secured. Experts believe that the digital euro will facilitate innovation in the European financial sector while ensuring fair competition.

    The development of the digital euro is one of the most significant changes in the history of money, reflecting the changing needs of the digital age and the ethos of European unity.

  • Bitget GetAgent lets you “Ask Satoshi” 17 years later

    Bitget GetAgent lets you “Ask Satoshi” 17 years later



    • Bitget celebrates the 17th anniversary of the Bitcoin whitepaper with a special Satoshi version of GetAgent, #AskSatoshiWithGetAgent.
    • This version brought Satoshi Nakamoto’s vision to life through modern AI conversation.

    Bitgets GetAgent Sonderversion „Satoshi“

    Seventeen years ago, the Bitcoin white paper redefined the way the world thinks about money, autonomy and open systems. Today, this spirit of innovation continues to evolve, from written code to intelligent conversations. Bitget’s #AskSatoshiWithGetAgent campaign reimagines this milestone as a living dialogue, inviting users worldwide to “talk” to Satoshi through GetAgent, the exchange’s AI-powered trading assistant.

    By typing “If you were Satoshi…” in the Bitget app, users can ask any question that has long fascinated the crypto community. From “If you were Satoshi, what would you think of AI?” to “Where would you keep your inventory?” The campaign is accompanied by a range of community rewards to make the experience both educational and entertaining.

    From October 27th at 11:00 a.m. to November 5th at 4:59 p.m. (UTC+1), all users can enjoy free access to GetAgent Plus, Bitget’s premium AI tier. After the test phase, 50 participants will be selected to receive a one-month GetAgent Ultra membership worth BGB 25 each.

    In addition, during the Bitcoin Whitepaper Tags 24S Blitz From October 31 at 11:00 a.m. to November 1 at 11:00 a.m. (UTC+1), 1,000 users who ask questions about Satoshi will be entered into a $10,000 airdrop pool. You can find detailed information about the campaign here.

    “Satoshi’s ideas should always spark curiosity, not end discussion,” said Gracy Chen, CEO of Bitget. “Seventeen years later, people still want to talk to Satoshi, and now we can do that with GetAgent. We’re giving people a way to keep the spirit of Satoshi alive by asking the same questions about freedom, access and innovation that continue to drive this industry.”

    AI power meets growing crypto curiosity

    Since its launch earlier this year GetAgent developed into one of the best AI solutions in the crypto space. It helps users analyze markets, optimize trading strategies, and learn the basics of blockchain through conversational interactions. The newest Upgrade integrates futures, earn and trading bots, making GetAgent a truly intelligent trading hub.

    GetAgent’s latest data shows what questions users are asking and illustrates how interest in crypto has evolved over the last 17 years. Topics such as the next phase of Bitcoin, decentralized governance, AI in trading and the ethics of crypto dominate discussions. Many questions remain playful and imaginative, from “Can I have the password for Satoshi’s wallet?” to “If you gave me 0.1 BTC, what lesson would you teach me?”, reflecting the humor and fascination that has always been part of crypto culture.

    As the crypto world celebrates this milestone, Bitget’s #AskSatoshiWithGetAgent campaign turns the anniversary of the Bitcoin whitepaper into a living conversation where AI, blockchain and human imagination collide.

    Seventeen years later, Satoshi’s vision still asks us the same question: What will you build next?

  • Canary-Capital XRP ETF is expected in mid-November

    Canary-Capital XRP ETF is expected in mid-November



    • Canary Capital withdrew an approval-delaying XRP ETF application amendment, thereby accelerating the approval process.
    • This should therefore take place around the same time as the approval of further crypto ETFs from other asset managers in mid-November.

    There has been notable progress this year as a wave of crypto exchange-traded funds floods the US market. Now the long-awaited XRP Spot ETF could finally see the light of day on November 13th. Following the historic debut of Bitcoin and ETH spot ETFs last year, Bitwise, Canary Capital and Grayscale have found their way into the history books.

    This comes after the aforementioned asset managers launched what most would call the next generation of US-listed crypto ETFs.

    As CNF reported, the first spot ETFs for Solana (SOL), Litecoin (LTC) and Hedera (HBAR) were launched this week. Of particular note is Solana’s BSOL ETF with record sales of $55.4 million on his first day started.

    Canary Capital paves the way for XRP ETF

    The biggest surprise, however, came when Canary Capital quietly made a delaying change in its application for a proposed XRP spot ETF took back paving the way for a possible launch on November 13th.

    Market analysts suspect the removal is consistent with the SEC’s new generic listing standards for exchange-traded products, which allow certain applications to automatically take effect 20 days after filing. This means that even during the ongoing US government shutdown, ETF approvals can occur without direct intervention from the SEC.

    “The timing is remarkable, Terrett noted on X. We see altcoin ETFs moving forward even without manual SEC approval, a sign of how far the regulatory framework has evolved.”

    The launch of the ETF comes after months of intense tensions between issuers and regulators. The problem was compounded by the fact that XRP was already embroiled in a protracted four-year legal battle with the SEC. This legal battle meant that the asset was under intense scrutiny, making the new development more serious than it otherwise would have been.

    ETF launch schedules

    However, the government’s recent reopening of the process creates uncertainty regarding the timing of the upcoming launch of ETFs. If the required paperwork is complete and the SEC is satisfied, reopening could potentially advance the launch date. Conversely, the schedule could be pushed back if staff suggest additional comments.

    Still, SEC Chairman Paul S. Atkins welcomed companies using the law’s 20-day waiting period to go public during the shutdown. He praised this approach, noting that he was pleased to see companies like MapLight taking advantage of the 20-day regulatory waiting period to go public during the shutdown, and praised Bitwise and Canary for launching their SOL, HBAR and LTC ETFs this week.

    Analysts expect the coming wave of ETFs and a possible XRP fund to inject new liquidity into crypto markets. Institutional investors previously limited to Bitcoin and Ethereum ETFs can now diversify their exposure across leading altcoins.

    However, some warn that the launch could trigger short-term volatility as market participants rebalance their portfolios and test demand for these new instruments.

    XRP price prediction

    XRP is currently trading in a downtrend, but the recovery is already visible. The price is at $2.48 at the time of writing, despite some selling pressure.

    The recent bounce from strong support at $2.20 shows that investors are starting to buy heavily again after weeks of selling.