Here are the top three news stories from the past day brought to you by U.Today.
Imminent Bitcoin ETF Decision Could Shake Up Crypto Market
Crypto Market Could See a crucial development this week, as the SEC could issue the long-awaited 19b-4 approval orders for spot Bitcoin ETFs. This suggestion was made by Nate Geraci, who cited the ideas of Bloomberg’s James Seyffart in his recent post on X. According to the publication, the move will be made within a small window, closing on November 17, and submissions after this date are unlikely to be considered. This sets a clear deadline for issuers wishing to be part of this historic round of approvals. This approach to issuing these orders by the SEC is carefully timed to avoid the appearance of market manipulation, Geraci writes.
Shytoshi Kusama and Shiba Inu (SHIB) Team Plans to Integrate Shibarium with CEX: Details
Shytoshi Kusama, pseudonymous leader of the Shiba Inu project, recently visited his Telegram channel, Shibarium Tech, to share good news with the community. Responding to one of his followers’ questions, Kusama wrote that he and the SHIB team are actively discussing the integration of Shibarium with centralized exchanges (CEX) in the future. “We are in talks with some new friends,” the SHIB leader wrote. However, Kusama did not provide any further details on those discussions, leaving the community to speculate on what those trades might be.
Nearly 900 Million XRP Moved Through Unknown Wallets as XRP Price Prepares for New Surge
Popular blockchain transaction tracker Whale Alert detected two huge chunks of XRP transferred over the weekend, signaling the increasing activity of XRP whales. The unregistered wallets made two transactions, one with 425,807,780 XRP worth $288,496,378 and the other 424,307,758 XRP, valued at $281,090,947. These transactions totaled 850.1 million XRP and $569.4 million in fiat money. Meanwhile, XRP continues to attempt to break the resistance, preparing for a further rise. At the time of writing, XRP is trading at $0.655. If XRP surpasses it, the token could trigger a bullish price reversal. Currently, the moving average convergence-divergence (MACD) for XRP is observed in the bullish zone.
