Crypto news

XRP rose 1.55 % to $2.53 on Tuesday, outpacing the broader crypto market amid renewed optimism around regulatory clarity and spot ETF filings by Canary Capital, Bitwise, Franklin Templeton, and 21Shares. Trading volume spiked 20 % above the seven‑day average, with 140 million tokens changing hands, indicating institutional accumulation at higher price levels and a decoupling from the weak market. Technical analysis shows a solid 4‑hour trend and positive RSI, but the $2.57 resistance remains a short‑term consolidation risk; a close above it could push the token toward $2.65‑$2.70, while a break below $2.50 could trigger a pullback.

The U.S. Treasury and IRS released guidance that creates a safe‑harbor for exchange‑traded crypto products to stake digital assets and pass the rewards to investors, clearing a major regulatory hurdle. To qualify, trusts must hold only one proof‑of‑stake token, follow liquidity rules, perform only holding, staking and redemption, and use a custodian and an independent staking provider. Industry leaders say the move will boost mainstream adoption of PoS blockchains such as Ethereum and Solana; Treasury Secretary Scott Bessent highlighted increased investor benefits and innovation.

SoFi Technologies has become the first U.S. nationally chartered bank to launch crypto services for retail customers, letting members buy, sell and hold Bitcoin, Ethereum and Solana inside their bank accounts. The rollout starts Tuesday and will reach all 12.6 million customers by end-2025. The launch follows new regulatory clarity from the OCC and FDIC, which confirmed that national banks may offer crypto custody, trading and settlement. SoFi's services are subject to the same oversight as its traditional banking products, and crypto purchases use FDIC-insured deposits. SoFi also plans a broader blockchain strategy, including a USD-pegged stablecoin and crypto-integrated lending and payment products, to further normalize crypto in the U.S. banking system.

U.S. spot Solana ETFs posted their tenth consecutive day of net inflows on Monday, bringing in $6.78 million, largely from Bitwise's BSOL ($5.92 million) and Grayscale's GSOL ($854,480). Since debut, combined inflows total $342.48 million, with the latest daily figure the lowest since launch. The streak exceeds pre-launch expectations, with analysts calling the inflows a "high-beta" complement to BTC and ETH ETFs. Sustained inflows could support Solana's price by tightening supply dynamics and attracting institutional capital, though the fund still sees greater volatility compared to major cryptocurrencies.

Bitcoin rallied 4.4% to $106,491 after a Senate vote to end the 40‑day government shutdown, lifting the crypto market cap 4.7% to $3.68 trillion. Analysts say the resolution restores risk appetite and liquidity, with year‑end targets around $150,000 contingent on Fed dovishness and improved market liquidity. Stimulus‑check speculation from a Trump Truth Social post added optimism, though Treasury officials tempered expectations; overall sentiment remains positive but macro‑dependent.

TeraWulf posted $50.6 million in revenue, an 87% year‑over‑year increase driven by higher Bitcoin prices, expanded mining capacity and new AI hosting lease revenue. CEO Paul Prager highlighted partnerships with Fluidstack and Google, noting a $3.7 billion contract and $1.8 billion Google backing. Shares fell 2.5% after hours, though they had risen 3.8% intraday and 7.6% over the past month. The company’s earlier guidance projected $48–$52 million in revenue, aligning with the actual result. The 10‑year Fluidstack deal could raise contract value to $8.7 billion, while Google holds about an 8% stake, second only to CEO Prager’s 10.7% ownership.

Uniswap’s “UNIfication” proposal will activate protocol fees to fund a perpetual UNI burn, including a one‑time retroactive burn of about 100 million tokens. The move is meant to channel the DEX’s $650 million daily volume into token holders, a shift that has seen UNI jump 41.5 % in 24 hours and 83 % over the week. The package also introduces MEV discount auctions, ends front‑end fees for Uniswap Labs, and adds aggregator hooks to turn v4 into an on‑chain aggregator. With v4 live on 12 chains, the protocol has already generated $2 B+ in annualised fees and $5.4 B in cumulative fees, exceeding its TVL of $5 B.

XRP surged roughly 12% as the DTCC added five spot ETFs to its pre-launch list, signalling a step toward institutional access. The listings mean issuers have set up tickers, CUSIPs and infrastructure, but SEC approval remains pending. If approved, ETFs would bring brokers and retirement accounts into XRP, potentially smoothing volatility and deepening market structure. Market reaction mirrors earlier Bitcoin and Ethereum ETF listings, where speculation alone pushed prices up before launch. The current rally depends more on regulatory clearance than the DTCC entry itself; until the pre-launch label is removed, XRP’s gains remain speculative.

XRP spot ETF filings surge, with Canary’s Nov 13 filing attracting most attention; nine ETFs are now listed on the DTCC platform. Whales have trimmed positions ahead of a decision, signalling hesitation among large holders. Canary and Franklin removed the delaying clause from their S‑1s, allowing potential auto‑effective approval on Nov 13 and Nov 24 unless the SEC intervenes. The recent Rex Osprey launch showed a near‑18% rally followed by a sharp correction, suggesting a possible “sell‑the‑news” move if the ETF goes live amid a long‑biased market. Technical analysis places XRP near $2.48 in a bullish falling wedge; a breakout above $2.88 could lift it toward $3.34, while a fall to $2.31 risks a squeeze to $2.06. Market sentiment and regulatory uncertainty will determine the next price trajectory.

Michael Saylor’s Strategy raised its Bitcoin holdings by 487 BTC—worth roughly $50 million—bringing the total to 641,692 BTC, or more than $67 billion, per a filing with the SEC on Nov. 10. The purchase follows a 1.8 % jump from last week’s 397‑BTC buy and comes after Kynikos Associates closed its short on Strategy’s shares, signaling growing confidence in BTC‑treasury strategies as Bitcoin traded at about $105,321.