Tag Archives: cryptocurrency

general

Stream Finance Halts Operations After $93 Million Fund Loss

Leave a comment

**Trust with CoinPedia**

Since 2017, CoinPedia has been delivering accurate and timely updates on cryptocurrency and blockchain developments. All content is produced by our expert panel of analysts and journalists, who adhere to strict Editorial Guidelines based on E-E-A-T principles: Experience, Expertise, Authoritativeness, and Trustworthiness.

Every article undergoes thorough fact-checking against reputable sources to ensure accuracy, transparency, and reliability. Our rigorous review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools.

We are committed to providing timely updates on all things crypto and blockchain—from emerging startups to established industry leaders.

**Investment Disclaimer**

All opinions and insights shared on CoinPedia reflect the author’s own views on current market conditions. Please conduct your own research before making any investment decisions. Neither the author nor the publication assumes responsibility for your financial choices.

**Sponsored Content and Advertisements**

Sponsored content and affiliate links may appear on our site. All advertisements are clearly marked, and our editorial content remains completely independent from our advertising partners.
https://coinpedia.org/crypto-live-news/stream-finance-halts-operations-after-93-million-fund-loss/

economy, finance, technology

ICP’s Short-Term Bounce Hits $3.67 on Liquidations, But Long-Term Downtrend Persists

Leave a comment

**ICP Price Bounce Fueled by Short Liquidations and Volume Surge**

Short liquidations at the $3.55 level sparked a significant bounce in the price of Internet Computer (ICP), attracting buyers and driving a 6.5% increase. This upward move was supported by high trading volumes, propelling ICP to reach $3.67. However, the price later dipped after encountering resistance near $3.75—a level that has held firm since mid-October.

Over a 24-hour period, ICP experienced a liquidity build-up that contributed to the surge. Data shows that the $3.75 supply zone continues to act as a key resistance barrier for the token.

—

### What Fueled the ICP Price Bounce?

The ICP price bounce was primarily triggered by a cluster of short liquidations around the $3.55 level. These liquidations generated substantial buying pressure, lifting ICP’s value by 6.5% within 24 hours, rising from $3.33 on November 1st to a peak of $3.67.

Increased trading activity following the dip played a crucial role in amplifying this movement. Despite the rally, the price faced stiff resistance at the $3.75 supply zone, which has been well-established since mid-October.

—

### What Could Indicate ICP’s Next Moves?

Market data from CoinGlass highlights a notable liquidity cluster at $3.55 that attracted buyers on November 2nd, driving the price upward. Prior to this, prices dipped to $3.33 before stabilizing near $3.50 for almost a day. This consolidation phase built up short positions, whose liquidation fueled the subsequent surge.

Assets in similar scenarios often gravitate toward high-liquidity zones. For ICP, the next significant resistance lies between $3.70 and $3.75, where gains may be capped unless momentum shifts.

Trading volumes spiked during this upward movement; however, without a change in the broader trend, this bounce may be a temporary correction rather than a sustainable reversal. Analysts emphasize that liquidity-driven rallies require confirmation from higher timeframes to validate a sustained breakout.

Historical price action shows that ICP’s resilience is frequently tested by persistent supply pressures. Notably, on November 1st, the $3.33 level acted as a supportive floor before the rebound unfolded.

—

### Frequently Asked Questions

**Why did ICP experience a sudden 6.5% price increase on November 2nd?**
The rally was triggered by accumulated short liquidations near $3.55, sparking upward momentum amid rising trading volumes. This followed a consolidation period around $3.50 and culminated in a peak at $3.67 before a minor pullback.

**Is the ICP price bounce a sign of a broader recovery in the cryptocurrency market?**
While the bounce indicates short-term buying interest driven by liquidations, it does not confirm a broader market recovery. ICP’s weekly charts show a persistent downtrend dating back to March. This trend has remained intact despite earlier Bitcoin rallies in April and June. Traders should watch for sustained breaks above critical resistance levels before considering a trend reversal.

—

### Resistance Challenges and Long-Term Strategy

The $3.75 to $3.78 zone remains a key resistance barrier for ICP. Bearish technical indicators, such as negative readings on the Chaikin Money Flow (CMF) and the Awesome Oscillator, continue to exert downward pressure.

To confirm a bullish turnaround, investors should watch for a decisive break above $3.80 with a successful retest of that level as support. Until such confirmation, the downtrend that began in March remains the dominant market structure.

—

### Conclusion

The recent ICP price bounce illustrates how clusters of liquidity can trigger short-term rallies in volatile cryptocurrency markets. However, the token’s broader trajectory is still shaped by a bearish weekly pattern that has persisted since March.

As ICP tests supply zones near $3.75, investors are advised to rely on data from reliable analytics tools to make informed trading decisions. Monitoring shifts in momentum will be key to identifying strategic opportunities in the evolving landscape of Internet Computer.

—

*Disclaimer: The information presented in this article is for informational purposes only and does not constitute financial, investment, or trading advice.*
https://bitcoinethereumnews.com/tech/icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists/?utm_source=rss&utm_medium=rss&utm_campaign=icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists

general

Litecoin’s Record-Low Volatility Signals Potential Bullish Breakout Toward $140

Leave a comment

**Litecoin’s Volatility Hits Record Lows, Signaling Imminent Bullish Breakout**

Litecoin’s volatility has dropped to its lowest levels ever, positioning the cryptocurrency above key support zones and setting the stage for a potential strong breakout. Technical analysis reveals a bullish setup, highlighted by consolidation within a triangle pattern on the weekly chart.

Historical data shows that similar low-volatility periods in Litecoin’s price action have often led to major rallies. Experts are forecasting gains of up to 190% from current price levels, signaling robust upside potential. Currently trading near $98, Litecoin’s breakout appears imminent as volatility compression tightens.

—

### What Is Causing Litecoin’s Imminent Breakout as Volatility Hits Record Lows?

The prospects for a Litecoin breakout are strengthening as the asset experiences unprecedented low volatility around the $98 mark. This compression is evident in technical indicators such as the Bollinger Bands, which suggest that an explosive price move could be on the horizon.

Sustained support above critical levels and historical precedents of sharp rallies following similar volatility contractions underpin this bullish outlook. Analysts — including certified market technicians — point to recent bullish candle formations that signal potential gains, aiming for significantly higher price thresholds.

—

### How Do Bollinger Bands Signal Litecoin’s Bullish Momentum?

Litecoin’s Bollinger Bands currently show the following levels:

– Upper Band: $120.52
– Middle Band: $84.37
– Lower Band: $48.23

The price is positioned above the middle band, indicating short-term strength. Moreover, the Bollinger Band width reading is at 85.67 — the tightest in Litecoin’s trading history compared to past peaks exceeding 800. Such narrowed bands often suggest reduced market fluctuations that typically precede major breakouts.

Tony Severino, CMT, shared insights on social media, highlighting that the two-month Bollinger Band width has set record lows, reflecting the least volatile period in LTCUSD history. He observed that despite a recent downward wick, the two-month candle closed as a Hammer above the Bollinger Band basis, which is a bullish technical signal.

Severino emphasized that a close above $120 by the end of 2025 could trigger a definitive buy signal, consistent with patterns seen in earlier market cycles.

—

### Litecoin’s Historical Context and Current Stability

Since its inception in 2013, Litecoin has navigated multiple market phases, demonstrating resilience throughout. Particularly since 2022, the cryptocurrency has consolidated within a narrower range, gradually rebuilding momentum and gaining in stability.

This historical context supports the current narrative that Litecoin is poised for a breakout. Low volatility periods have repeatedly preceded upward price expansions, reinforcing the bullish technical setup.

Recent market data further validates this view. Litecoin gained 3.79% against the U.S. dollar in short-term charts, trading at approximately $98.70. The alignment of analyses across multiple timeframes strengthens the expectation of continuation, with Litecoin holding firm above critical support zones that have proven reliable during past recoveries.

—

### Analysts Predict Strong Price Targets Ahead

**Price Targets for a Litecoin Breakout:**

– Initial target: $140
– Subsequent targets: $180 and $285

These targets derive from the completion of bullish patterns, such as the ABCDE structure and triangle consolidation. They also take into account historical rally percentages and ongoing technical squeezes, indicating a potential upside exceeding 190% from current levels.

However, analysts emphasize the importance of volume confirmation to validate these breakout moves.

—

### Is Litecoin’s Low Volatility a Reliable Predictor of Future Gains?

Yes. Litecoin’s record-low volatility has historically preceded significant price movements. Past cycles where the Bollinger Bands tightened have led to rallies exceeding 300%.

Combined with the formation of bullish Hammer candles and sustained support above the middle Bollinger Band, this pattern suggests mounting pressure for an upward breakout. This makes volatility compression a crucial signal for traders monitoring Litecoin’s long-term trends.

—

### Key Takeaways

– **Record-Low Volatility:** Litecoin’s Bollinger Band width is at historic lows, signaling an impending major move similar to setups that preceded past bull runs.
– **Bullish Technical Indicators:** The Hammer candle close and price above the middle band provide strong upward momentum, with experts like Tony Severino forecasting clear buy signals above $120.
– **Analyst Consensus on Targets:** Industry analysts such as Jonathan Carter and The Penguin project price targets of $140, $180, and $285, urging traders to watch for breakout confirmations on higher timeframes.

—

### Conclusion

Litecoin’s current trading near $98 combined with record-low volatility primes it for a potential breakout. This is supported by Bollinger Band analysis and expert insights from seasoned analysts including Tony Severino, Jonathan Carter, and The Penguin.

As Litecoin consolidates above crucial support levels and mirrors historical bullish patterns, the outlook remains optimistic for substantial price gains. Investors and traders should closely monitor forthcoming candle closes for confirmation signals, preparing for what may become a transformative rally in the Litecoin market.

—

*Stay tuned for the latest updates as Litecoin nears a critical technical squeeze, potentially unlocking significant bullish momentum in the coming months.*
https://bitcoinethereumnews.com/tech/litecoins-record-low-volatility-signals-potential-bullish-breakout-toward-140/?utm_source=rss&utm_medium=rss&utm_campaign=litecoins-record-low-volatility-signals-potential-bullish-breakout-toward-140

general

Coinbase Stock Touches $350 After Positive Q3 Earnings, New Acquisition — Details

Leave a comment

Opeyemi savors his attraction to the crypto market, which explains why he spends the better part of his day examining various price charts. “Looking” is a rather simple way to describe analyzing and interpreting different price patterns and chart formations. However, this is not Opeyemi’s favorite part—in fact, it’s quite the opposite.

What truly keeps Opeyemi ticking is the ability to connect what happens on a price chart to on-chain movements and blockchain activities. “This emphasizes the intricacies of blockchain technology and the cryptocurrency market,” he often says. Most importantly, Opeyemi regards any market insights as gospel, while humbly recognizing that he is only a messenger.

When he is not clicking away at his keyboard, Opeyemi is most definitely listening to music, playing games, reading a book, or scrolling through X. He likes to think he is not loyal to a particular genre of music, which holds true on many days. However, the fast-rising Afrobeats genre is a staple in Opeyemi’s Spotify Daily Mix.

As a voracious reader, Opeyemi enjoys a wide range of books spanning science fiction, fantasy, historical fiction, and even romance. He believes authors like George R. R. Martin and J. K. Rowling are among the greatest of all time when it comes to storytelling. Opeyemi considers his two-time reading of the Harry Potter series as proof of that admiration.

Indeed, Opeyemi enjoys spending most of his time within the comfort of his home. However, he also occasionally finds solace in the company of friends—whether at a bar, a restaurant, or simply on a stroll. In essence, Opeyemi’s ambivert nature (haha! He’s been searching for an opportunity to use the word to describe himself) makes him a social chameleon, able to quickly adapt to different settings.

Opeyemi recognizes the importance of constant self-development to stay afloat in a competitive and ever-evolving market like crypto. For this reason, he is always in learning mode, ready to pick up even the slightest lesson from every situation. Efficient and diligent, he believes, “Whatever is worth doing at all is worth doing well.” Hence, you will always find him striving to be better.

Ultimately, Opeyemi is a good writer and an even better person who is passionate about shedding light on the exciting world phenomenon that is cryptocurrency. He goes to bed every day with a smile of satisfaction on his face, knowing that he has done his part in spreading the crypto gospel to the rest of the world.
https://www.newsbtc.com/news/coinbase-stock-350-after-positive-q3-earnings/

general

Red Uptober: Why Bitcoin Just Had Its Worst October in Years

Leave a comment

Despite a roaring start and a fresh all-time high early in October, the anticipated “Uptober” turned into a real downer for Bitcoin. The leading cryptocurrency sank to levels unseen in four months, disappointing many investors.

According to CoinGecko, Bitcoin’s price recently stood at $109,820 per coin—about 13% below its October 6 record of $126,080. Over a 30-day period, the asset is down by more than 8%.

Historically, October has been one of Bitcoin’s strongest months, earning the nickname “Uptober.” Data from CoinGlass shows that over the past 10 years, there has been only one monthly loss in October, back in 2018. However, this October broke a six-year streak of gains, showing a 3.69% drop from the start to the end of the month.

The plunge during this traditionally strong month coincided with unsettling macroeconomic conditions. These include concerns about liquidity and diminishing prospects of a third interest rate cut that investors had been eagerly anticipating.

On Wednesday, U.S. Federal Reserve Chair Jerome Powell stated that a rate reduction was “not a foregone conclusion.” This announcement sent digital assets into a tailspin, causing Bitcoin’s price to dip below $106,000 at one point.

Earlier in the month, Bitcoin and other risk-on assets tumbled after U.S. President Donald Trump re-escalated his trade war with China, raising further concerns about the global economy. As a result, investors liquidated more than $19 billion in positions, with nearly 90% of them being long positions anticipating price increases.

Juan Leon, Senior Investment Strategist at Bitwise, told Decrypt that the negative October returns could be attributed to a convergence of three primary factors: a powerful macroeconomic shock, a fragile internal market structure, and a subsequent lukewarm monetary policy signal. He added that the crash on October 11 had a long-term effect on the market.

In her “Crypto is Macro Now” newsletter, analyst Noelle Acheson wrote that “the reset of rate cut expectations” continued to weigh on cryptocurrency prices. She noted Powell’s acknowledgment that liquidity conditions have been tightening. While liquidity isn’t yet near crisis levels relative to bank reserves, Bitcoin remains one of the more sensitive assets to these liquidity changes.

Acheson explained, “Equities have earnings and other factors impacting their appeal, and bonds have fiscal and economic growth. Bitcoin doesn’t—it’s pure sentiment, which in the short term is affected by monetary liquidity and in the long term by the supply/demand balance.”

Earlier in the week, in a Telegram exchange with Decrypt, Acheson also pointed out increased selling by long-term Bitcoin holders. This trend could reflect their belief that Bitcoin has peaked in its latest four-year cycle—the timeframe historically defining crypto market rhythms.

She wrote, “If you still believe in the BTC four-year cycle (and many old-timers probably do), then we’re at the peak if you map previous cycle patterns.”

Bitcoin, cryptocurrencies, and stocks have typically performed well in a low-interest-rate environment. The Federal Reserve has cut rates in its last two meetings. Historically, Bitcoin climbed nearly 11% last October and almost 29% in October 2023. In 2021, it surged a whopping 40% during the same month. On average, the digital coin has delivered investors returns of nearly 20% in October, according to CoinGlass.

“This makes this feel like one of the weakest ‘Uptober’ performances in years,” said pseudonymous CryptoQuant analyst Maartunn in an interview with Decrypt. He noted that the decline was not the result of a single broad selloff but largely driven by selling during U.S. trading hours. Additional factors included China tariffs and unfavorable economic data such as unemployment figures, consumer price index, and producer price index readings in recent months.

Despite the struggles, some analysts remain optimistic. Zach Pandl, Head of Research at Grayscale, told Decrypt that the long list of cryptocurrency exchange-traded funds (ETFs) the SEC is expected to approve could provide support to the market. He also highlighted that the regulatory environment remains favorable for digital assets.

“With bipartisan market structure legislation back on track and several altcoin exchange-traded products set to launch, we expect that the crypto market setback will be short-lived,” Pandl said.

So, will it be “Moonvember” for Bitcoin? Last year, November brought an impressive 37% price spike for BTC—something investors would no doubt be thankful to see again. Only time will tell if November can deliver a strong rebound after a disappointing October.
https://decrypt.co/347060/red-uptober-why-bitcoin-worst-october-years

climate, economy, energy, government, politics

Can New York Democrats even DELAY the energy crisis their laws are creating?

Leave a comment

Some Democrats in Albany may be starting to see the risks of New York’s “climate action” laws, but will enough agree to even delay what some call a “suicide pact”? Governor Kathy Hochul says she wants to “review all our options,” including making changes to the state’s 2019 Climate Leadership and Community Protection Act (CLCPA). This law set ambitious mandates to slash greenhouse-gas emissions—mandates critics say are budget-busting and unrealistic.

Some Assembly Democrats who once denied that Hochul was banning gas stoves now admit that’s exactly what she’s doing, and they are demanding a delay to the ban. However, convincing the progressive majority in the Legislature to roll back the law will be tough. Climate change remains a top priority on the left, especially among donors and college-educated voters.

Watch New Jersey closely, where voter anger over soaring electric costs could propel Republican Jack Ciattarelli to the governor’s mansion. Even a close race there may open eyes in Albany. Rising utility bills and the threat of blackouts are already becoming major issues in New York, and Hochul plans to make “affordability” a centerpiece of her 2026 reelection campaign.

“My job is to ensure we have enough power to keep the lights on, keep rates affordable, and attract major economic development projects,” Hochul said after a judge ordered her Department of Environmental Conservation to issue rules ensuring the state meets the 2019 law’s emissions goals.

In other words, she wants to override—or at least ignore—the clear letter of the law, even if she doesn’t explicitly call its mandates into question. “We plan to review all our options, including working with the Legislature to modify the CLCPA,” Hochul said, emphasizing the need “to protect New Yorkers from higher costs.”

Under the CLCPA, New York must cut CO2 emissions by 40% by 2030 and by 85% by 2050. The law also required that rules to achieve those goals be enacted by January 1, 2024. Yet here we are, nearly two years later, and those rules have still not materialized. In effect, Hochul is ignoring the law.

Meanwhile, Assemblyman William Conrad (D-West New York) reports that the state’s no-gas mandate—set to take effect at the end of the year—has already increased construction costs. This threatens affordable housing projects and raises concerns about potential winter blackouts.

Even more troubling, the state’s Climate Action Plan mandates closing natural-gas power plants and replacing them with more expensive, less reliable solar and offshore wind installations—many of which are struggling to get off the ground.

The New York Independent System Operator (NYISO), which runs the state’s electric grid, alongside the New York Affordable Clean Power Alliance, a solar-industry group, warn that the shift to solar and wind poses serious threats to reliable power, particularly in the Hudson Valley, Long Island, and New York City.

How will Governor Hochul prevent blackouts and keep costs down as the power supply tightens? Especially as NYISO notes growing electricity demands from cryptocurrency mining, data centers, and all the “green” mandates requiring electricity for heating, cooking, and vehicles?

The idea that New York can build enough solar and wind power infrastructure in time to meet these mandates was always a long shot—a charade aimed at pleasing climate activists. Yet it is the state’s legal obligation.

As legal deadlines approach or pass without the state fulfilling them, the truth becomes clearer: Making “net-zero carbon emissions” a top priority is not only unrealistic, it is also expensive, risky, and, some argue, misguided.

How many court orders can the governor defy? Can she convince the Legislature to amend the laws and ease the pressure from the courts?

Politicians like Hochul may only focus on timing. The 2026 gas mandates kick in just as reelection campaigns begin. “Don’t bring things to a grinding halt,” suggests Assemblyman John McDonald (D-Rensselaer). Instead, “slow down a little bit and put a temporary pause in there.”

Translation: Wait until after reelection before hitting New Yorkers with higher bills and blackouts. Remember how Hochul delayed congestion pricing until after the 2024 elections?

But reality won’t change after the election. Albany should scrap these mandates entirely and focus on economic growth. Yet Hochul seems likely to push only for delays, and progressives might not even agree to that much. Forget about the bold moves New York truly needs, like opening the state to fracking.

As long as Democrats dominate, it’s hard to see New York having reliable electric power anytime soon—let alone power that is affordable.
https://nypost.com/2025/11/01/opinion/albany-may-move-to-delay-its-insane-climate-laws-but-far-better-to-scrap-it-altogether/

economy, finance, technology

Bitcoin ATMs Under Fire: How Scammers Steal Millions From Victims

Leave a comment

**Federal Prosecutors Warn Bitcoin ATMs Facilitate Widespread Cryptocurrency Scams**

Federal prosecutors have raised concerns about Bitcoin ATMs being used to facilitate widespread cryptocurrency scams across the United States. Washington, D.C., Attorney General Brian Schwalb has revealed that these machines have enabled scammers to steal millions of dollars from victims, with elderly individuals being the primary targets.

### Rising Scam Reports Linked to Bitcoin ATMs

Across multiple counties in the U.S., reports of cryptocurrency fraud cases involving Bitcoin ATMs are on the rise. Scammers often exploit vulnerable older adults through fear tactics, such as falsely claiming that relatives are facing arrest or that victims owe penalties for missing jury duty. These criminals then demand payment in Bitcoin and direct victims to nearby Bitcoin ATMs to complete the transactions.

The effectiveness of these scams lies in the sense of panic and urgency created by the perpetrators. Victims feel compelled to act quickly without verifying the authenticity of the claims.

### A Victim’s Story: Maryland Retiree Loses Life Savings

Maryland retiree Diane Reynolds is one such victim of a Bitcoin ATM scam. She received an online message warning that access to her computer had been blocked and advising her against turning it on or off. Following instructions, Reynolds called a provided phone number supposedly for tech support, but instead reached a scammer.

The scammer claimed hackers had accessed her bank accounts and insisted she must convert her money to Bitcoin immediately. Under pressure, Reynolds withdrew her entire bank balance of approximately $13,100. The scammers directed her to use a Bitcoin ATM at a local gas station operated by Athena Bitcoin, a company running over 4,000 Bitcoin ATM terminals across multiple states.

### Concerns Over Bitcoin ATM Operators

Attorney General Schwalb notes that Reynolds’ case is just one of many similar incidents nationwide. These schemes have become increasingly common in recent months, with Bitcoin ATMs serving as tools scammers use to defraud people.

“Bitcoin ATMs are a tool that scammers, that criminals, are using to separate people,” Schwalb said. He added that while operators are aware of these criminal activities, they often fail to put sufficient measures in place to prevent fraud.

Additionally, Bitcoin ATM operators profit from each transaction through substantial fees, even when deposits result from fraudulent activity. This financial incentive, Schwalb argues, undermines efforts to combat fraud.

### Legal Action Against Athena Bitcoin

In September, Schwalb filed a lawsuit against Athena Bitcoin, alleging that the company charged undisclosed transaction fees and failed to implement adequate anti-fraud measures. These legal actions aim to hold Bitcoin ATM operators accountable for enabling theft through their systems.

### Company Response and Defense

Athena Bitcoin strongly denies the allegations. According to company representatives, their Bitcoin ATMs include multiple fraud prevention features designed to protect customers.

“Our kiosks employ multiple safeguards, from prominent warnings and daily transaction limits to five separate verification screens designed to prevent coerced transactions,” the company stated. Athena Bitcoin plans to vigorously defend itself against the charges in upcoming court proceedings.

### Victim’s Legal Pursuit

Diane Reynolds has also initiated legal action against Athena Bitcoin. Her attorney, Vaught Stewart, contends that the company knowingly allowed fraud to occur and profited from the transaction despite clear warning signs of criminal activity.

—

As cryptocurrency scams continue to evolve, authorities urge the public—especially the elderly—to remain vigilant when approached with urgent demands for Bitcoin payments via ATMs. Awareness and verification remain key tools in preventing financial loss from such fraudulent schemes.
https://coincentral.com/bitcoin-atms-under-fire-how-scammers-steal-millions-from-victims/

general

XRP ETF Countdown: Bitwise Inches Closer to Approval as SEC Review Nears End

Leave a comment

After years of anticipation, XRP may finally be on the verge of gaining its first U.S. exchange-traded fund (ETF). Asset management powerhouse Bitwise, which oversees more than $15 billion in digital and traditional assets, has filed a new amendment to its XRP ETF application—an update that market watchers believe could signal the finish line for regulatory approval.

The latest submission, Amendment No. 4, filed with the U.S. Securities and Exchange Commission (SEC), includes key final details often added just before an ETF is cleared for launch. Among them, Bitwise revealed that its proposed XRP fund will be listed on the New York Stock Exchange (NYSE) and carry a management fee of 0.34%. Industry observers point out that these additions usually mark the final step before the SEC’s green light.

### Analysts Hint at a 20-Day Launch Window

Several ETF analysts interpret Bitwise’s filing as a strong sign that approval may arrive within weeks rather than months. Bloomberg Intelligence’s Eric Balchunas noted that specifying both the fee and exchange typically means “all the boxes have been checked.” His colleague James Seyffart went further, suggesting that the revised wording in Bitwise’s filing could enable trading to begin within 20 days, provided no last-minute regulatory hurdles arise.

Bitwise isn’t alone in the race. Competitors including VanEck, Fidelity, and Canary Funds have also recently refreshed their XRP ETF filings, each seeking to secure an early-mover advantage in what could become a landmark moment for the digital asset.

Canary Funds, for instance, removed a key procedural delay from its own submission—an adjustment that may allow its product to go live as soon as mid-November if the Nasdaq grants final clearance.

### Why XRP’s ETF Matters

An XRP ETF would be a turning point for both the token and the broader crypto market. Unlike derivatives-based products, a spot ETF holds the actual digital asset, allowing investors to gain exposure to XRP’s price movements without directly owning it. Such a product could open the doors for institutional investors—hedge funds, pension funds, and wealth managers—to access XRP through traditional brokerage accounts.

XRP’s inclusion in the ETF landscape would also mark the first time the SEC has permitted a spot fund for the cryptocurrency, following its earlier battles with Ripple over the classification of XRP as a security. That legal fight, partially resolved in 2023, cleared the path for regulatory reassessment and helped restore institutional interest in the token.

### Market Reacts to Bitwise’s Filing

News of Bitwise’s filing sparked renewed optimism among traders, with XRP’s price edging up to around $2.51. The token has maintained a steady uptrend since early October, driven by speculation that an ETF could supercharge demand.

Analysts caution, however, that the price remains capped near the $2.75 resistance zone—a level that has repeatedly rejected bullish attempts since the start of Q4. If buyers manage to push past that threshold, XRP could retest the $3 psychological barrier, a move that would bring it close to its 2018 all-time high.

Conversely, if momentum fades, analysts expect a short-term correction toward the $2 support range, which coincides with the lower boundary of its long-term ascending channel.

### The Bigger Picture

The XRP ETF race underscores how rapidly traditional finance is embracing digital assets, following the explosive success of Bitcoin and Ethereum ETFs earlier in the year. A U.S.-listed XRP ETF could strengthen the token’s legitimacy among mainstream investors and deepen liquidity in global markets.

With several filings now in their final stages, the next few weeks could determine which issuer—Bitwise, Fidelity, or VanEck—will be the first to make XRP accessible on Wall Street. If Bitwise’s prediction holds, the approval could arrive before the end of November, ushering in a new era for XRP and potentially igniting the next wave of institutional adoption in crypto.

—

*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

—

**Author**
Alex, Reporter at Coindoo

Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
https://coindoo.com/xrp-etf-countdown-bitwise-inches-closer-to-approval-as-sec-review-nears-end/

general

Major Date for XRP Holders Revealed, Michael Saylor Reacts to Bitcoin (BTC) Price Crash, Cardano (ADA) Confirms Death Cross — Crypto News Digest

Leave a comment

**Canary Funds XRP ETF Set for Potential Launch on November 13**

The first pure spot XRP ETF could be just around the corner, as Canary Capital has filed an updated S-1 registration statement with the SEC for its proposed XRP ETF.

In the latest update, the issuer removed a “delaying amendment,” which means the filing will automatically become effective after 20 days. This countdown ends on November 13, potentially allowing the product to go live after months of anticipation.

**Background**

The XRP ETF was recently listed by the Depository Trust & Clearing Corporation (DTCC). If Nasdaq approves the Form 8-A filing—which makes the product’s shares tradable—the ETF will officially launch. However, the launch date could still change if the SEC issues additional comments.

—

**Michael Saylor Reacts to Bitcoin Price Crash with Symbolic Post**

Michael Saylor, CEO of Strategy, addressed the recent Bitcoin (BTC) price crash through a symbolic social media post that has sparked reactions within the crypto community.

The post features a dramatic photo of Saylor seated at a chessboard with carved pieces, accompanied by an hourglass ticking beside him. This imagery suggests a calculated, long-term strategy, with the hourglass highlighting time-sensitive moves related to Bitcoin’s price.

Saylor’s message alludes to an ongoing “battle” to sustain Bitcoin’s bull market amid the price drawdown. It also reflects the broader struggle between Bitcoin and traditional financial systems, including fiat currencies and market makers.

—

**Cardano Records Death Cross as Whales Offload 100 Million ADA**

Cardano has entered a death cross amid a worsening sell-off during a volatile Thursday session that saw nearly $1.13 billion in leveraged futures liquidations.

The cryptocurrency has extended its decline for the fourth consecutive day since reaching a weekly high of $0.693. On the hourly chart, the 50-period moving average (MA) has fallen below the 200-period MA, completing a “death cross” that signals increased short-term selling pressure.

Crypto analyst Ali reported that large Cardano holders, or whales, took profits over the past three days, selling approximately 100 million ADA within 72 hours.

—

*Stay tuned for more updates on these developing stories in the crypto market.*
https://bitcoinethereumnews.com/bitcoin/major-date-for-xrp-holders-revealed-michael-saylor-reacts-to-bitcoin-btc-price-crash-cardano-ada-confirms-death-cross-crypto-news-digest/?utm_source=rss&utm_medium=rss&utm_campaign=major-date-for-xrp-holders-revealed-michael-saylor-reacts-to-bitcoin-btc-price-crash-cardano-ada-confirms-death-cross-crypto-news-digest

economy, finance, technology

XRP ETF Launch Confirmed: Canary Capital Eliminates Regulatory Block

Leave a comment

**Canary Capital Removes SEC Delay Clause, Sets November 13 Launch for Spot XRP ETF**

Canary Capital has taken a significant step forward by removing the SEC delay clause from its spot XRP ETF filing ahead of the anticipated November 13 launch date. The new XRP ETF will debut on Nasdaq under the ticker symbol **XRPF**, offering investors direct exposure to XRP’s spot price without the need to custody the token themselves.

### Final Compliance Steps Completed

In preparation for the launch, Canary Capital has completed all necessary compliance requirements, including securing custody arrangements and establishing partnerships with market makers. The removal of the SEC delay clause signals that the fund has cleared the final regulatory hurdle, affirming its readiness to commence trading on the scheduled date.

### A Milestone for Digital Asset Investment in the U.S.

The approval and upcoming launch of the XRP ETF represent a major advancement for digital asset investment products within the United States. This development aligns with growing institutional demand for regulated crypto exposure, following similar momentum gained by Bitcoin and Ethereum ETFs earlier this year.

By providing straightforward access to XRP’s spot price, the XRPF ETF eliminates the complexities involved with managing the underlying tokens, making it an attractive option for both retail and institutional investors. Analysts anticipate that the ETF will boost liquidity and attract substantial capital inflows from traditional market participants.

### Market Reactions and Analyst Perspectives

Market experts have responded to the news with cautious optimism. Some forecasts suggest that the XRP ETF launch could mirror the positive market impacts seen with Bitcoin ETFs in 2025, potentially driving renewed price action and increased capital flow.

However, several analysts caution that success will largely depend on trading volume and broader regulatory sentiment toward crypto assets. Initial performance metrics are expected to be influenced heavily by short-term trading activity following the fund’s debut.

### XRP Technical Analysis: Breaking a Multi-Year Pattern

Adding to the positive outlook, market analyst ChartNerd revealed that XRP has broken out of a 7-year symmetrical triangle pattern — a significant technical milestone. The cryptocurrency has been consolidating above its $3.84 all-time high candle closes for nearly 12 months, signaling sustained accumulation above 2021 highs.

The XRP/TetherUS perpetual contract chart displays a classic falling wedge pattern, which recently broke out to the upside, indicating a potential trend reversal. Currently, XRP trades around $2.51 following a slight retracement from recent highs and has tested resistance near the order block zone around $2.80.

Price action suggests consolidation at these levels post-breakout. Technical analysis outlines three take-profit targets derived from Fibonacci retracement levels based on recent price swings:

– **Target 1:** Approximately $2.67
– **Target 2:** Near the current price level around $2.51
– **Target 3:** Around $2.43

### Looking Ahead: Broader Implications for Crypto Finance

The launch of Canary Capital’s XRP ETF could pave the way for future altcoin-based products, deepening cryptocurrency’s integration into mainstream financial markets through regulated investment vehicles.

November 13 is set to mark a significant milestone for XRP, bridging the gap between digital assets and traditional capital markets, and potentially setting a precedent for further innovation and adoption within the space.
https://coincentral.com/xrp-etf-launch-confirmed-canary-capital-eliminates-regulatory-block/