As a seasoned crypto investor with a keen eye for market trends and a hearty appreciation for history, I find myself enthralled by this week’s developments. The 21Shares Core XRP Trust filing feels like a page straight out of the crypto playbook – the third attempt at an XRP ETF, reminiscent of the old saying: “The third time’s the charm.
Today’s summary of our weekly roundup includes these updates:
- Potentially dubbed the 21Shares Core XRP Trust, the product represents the third filing from an asset manager aiming to launch a spot XRP ETF, following similar submissions by Canary Capital and Bitwise early last month.
- In an interview, Zhao shared his experience in prison, describing how he formed new friendships with fellow inmates. Further, he stressed that he remains bullish on the crypto market.
- He highlighted how he was the first to go to jail for violations of the Bank Secrecy Act and confirmed that he has no intention of leading a company in the future.
- Having begun the week at $67,000, Bitcoin recorded consecutive bullish intraday closes to breach the $71,000 peak on Oct. 29, clinching a four-month high.
- The uptrend continued, allowing the premier crypto asset to soar past the $73,000 mark for the first time since March, as it retested its recent all-time high before witnessing a pullback.
- Base, the Ethereum layer-2 solution from Coinbase, on-boarded FOBXX, a $410 million-valued tokenized U.S. Treasury fund from Franklin Templeton. This made Base the sixth network to welcome the product.
- UBS Asset Management, the investment arm of the multinational UBS Group AG, announced the launch of UBS USD Money Market Investment Fund Token, its first tokenized investment product on the Ethereum network.
- Leading trading firm Robinhood revealed the launch of a trading contract that tracks the U.S. presidential election. The contract would allow investors to bet on the forthcoming polls.
- Ripple Chairman Chris Larsen, in an interview last week, expressed confidence that Democratic nominee Kamala Harris would approach crypto regulations differently than the Biden administration. Larsen has donated millions to the Harris campaign.
- Republican nominee Donald Trump maintains a lead among bettors on Polymarket but is losing support in Iowa, a state he has won twice.
- The Wells Notice, which Immutable highlighted on Nov. 1, disclosed the SEC’s intentions to take legal action against Immutable for the sale of its IMX tokens in 2021. Immutable plans to challenge the SEC’s position.
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2024-11-03 16:27