Bitwise releases details for the XRP ETF: management fee is 0.34%, ticker symbol XRP.
According to PRNewswire, crypto asset management firm Bitwise Asset Management has announced details of its upcoming Bitwise XRP ETF. The ETF will have a management fee of 0.34% (waived until the assets under management reach $500 million) and will be listed on the New York Stock Exchange under the ticker symbol XRP. The XRP ETF is reportedly Bitwise's 49th cryptocurrency portfolio product launched in the United States and Europe.
According to CoinDesk, DeFi giant Spark has decided to suspend its crypto mobile app development plans and instead focus on DeFi-native liquidity infrastructure and institutional trading, such as its recent $1 billion investment in PayPal's stablecoin PYUSD. The CEO of Phoenix Labs, the developer behind Spark, stated that the current market is highly competitive, and the company will focus on its strengths and avoid blindly expanding into the retail sector. Spark currently has a TVL of over $9 billion, and the app development plan may still be restarted in the future.
Trump signed a bill authorizing the release of Epstein's files.
US President Trump signed a bill authorizing the release of Epstein's files. Earlier, former Treasury Secretary Summers resigned from his positions on the OpenAI board and other posts due to his close ties to Epstein.
A suspected Bitmine address received over 24,000 ETH from BitGo.
According to Onchain Lens monitoring, a newly created wallet received 24,827 ETH from BitGo, worth approximately $75.9 million. It is preliminarily determined that the address may belong to Bitmine, a mining-related entity.
Over 10,000 ETH were transferred from the SharpLink address to Galaxy Digital within two days.
According to Ember's monitoring, 10,975 ETH (approximately US$33.54 million) have been transferred from the SharpLink address to the Galaxy Digital OTC wallet in the past two days, with 5,533 ETH (approximately US$16.52 million) transferred in just the past 3 hours, which is suspected to be a large institutional transaction or asset reallocation operation.
The minutes of the Federal Reserve's October meeting revealed a deepening division among committee members regarding whether to continue cutting interest rates in December, with some officials believing there was "a lack of sufficient justification." The minutes stated that the previous meeting saw a 10-2 vote to cut rates by 25 basis points to 3.75%-4%, but several participants opposed this cut or suggested that remaining on hold would be acceptable. Support for a December rate cut declined after the government shutdown delayed the release of employment and inflation data. The market's implied probability of a rate cut fell to approximately 33%. The minutes also indicated that regardless of the December decision, at least three dissenting votes are likely; most officials still believe that further rate cuts after December are necessary. According to CME's "FedWatch," the probability of a 25 basis point rate cut in December is 32.7% (compared to 48.9% yesterday), while the probability of maintaining the current rate is 67.3%. The probability of a cumulative 25 basis point rate cut by the Fed by January is 49.9%, the probability of maintaining the current rate is 33.8%, and the probability of a cumulative 50 basis point rate cut is 16.3%.
The Nikkei 225 index extended its gains to 3.7%, rising back above 50,000 points.
The Nikkei 225 index extended its gains to 3.7%, closing at 50,326.17 points.
Machi invests another $250,000 USDC to open a high-leverage long position in ETH.
According to Onchain Lens monitoring, Machi (singer Huang Licheng) has once again injected $250,000 USDC into the decentralized derivatives platform HyperLiquid and opened a 25x leveraged long position in Ethereum, indicating his bullish attitude towards the future of ETH.
According to The Block, Block, founded by Jack Dorsey, released its three-year financial outlook at its investor day, projecting double-digit annual gross profit growth to $15.8 billion by 2028, and adjusted operating profit to increase by 30% annually, exceeding $4.6 billion. It also announced an additional $5 billion in stock buyback authorization. Driven by this news, the stock price jumped approximately 8% to $62. Analysts are optimistic about Cash App's lending growth and Square's business improvement, believing the stock still has over 40% upside potential.
xAI releases Grok 4.1 Fast model and Agent Tools API
xAI announced the release of its next-generation model, Grok 4.1 Fast, along with the simultaneous launch of its Agent Tools API. Grok 4.1 Fast features a 2 million token context window, is optimized for real-world applications such as customer support and in-depth research, and supports tool calls, code execution, and web browsing. It has been trained using long-range reinforcement learning in various domain environments. The model is now available through the xAI API, priced at $0.2 per million token inputs and $0.5 per million token outputs, and will be available for free trial on the OpenRouter platform for the next two weeks.
Luma AI raises $900 million in Series C funding led by Humain.
According to an official announcement from Luma Labs, to expand its research and deployment of multimodal AGI, Luma has completed a $900 million Series C funding round and will collaborate with Humain to build a 2GW supercomputing cluster called "Project Halo," expected to begin deployment in the first quarter of 2026 and be completed by 2028-2029. This funding round was led by Humain, with participation from AMD and others. Luma emphasizes that AGI needs to be jointly trained using multimodal signals such as text, video, audio, and images to drive the development of general artificial intelligence.
BlackRock registers iShares Ethereum-Staked ETF in Delaware
According to The Block, BlackRock has registered the name "iShares Staked Ethereum Trust" in Delaware, indicating its plans to launch a new Ethereum-staking ETF. The registration was submitted by BlackRock Managing Director Daniel Schweiger, who oversaw the registration of the first iShares Ethereum fund in 2023. Previously, Nasdaq submitted an amendment in July to add staking functionality to the existing iShares Ethereum Trust (ETHA). ETHA currently manages nearly $11.5 billion in assets, making it the largest Ethereum ETF in terms of market capitalization.
Coinbase will list Aster (ASTER)
According to a Coinbase Markets announcement, Aster (ASTER) will be available for spot trading in supported regions at 1:00 AM (Beijing time) on November 21, 2025, with the trading pair being ASTER-USD, subject to liquidity conditions being met.
Nvidia (NVDA.O) just released its Q3 financial results, with sales of its chips, a core component of the AI boom, exceeding Wall Street expectations. The company also provided a strong revenue forecast for the quarter, leading investors to believe the AI investment frenzy will continue. The Q3 report showed revenue of $57 billion, a 62% year-over-year increase, with data center revenue reaching $51.2 billion, higher than the expected $49 billion. Furthermore, its Q4 revenue outlook is approximately $65 billion, significantly higher than the average analyst estimate of $61.6 billion. Following the earnings release, Nvidia's (NVDA.O) after-hours stock price rose more than 4%. Nvidia CEO Jensen Huang stated, "Blackwell sales are phenomenal, and cloud GPUs are completely sold out." Previously, Huang had downplayed concerns about an AI bubble.
The Aave V4 testnet is now live, and the codebase is open for public review.
According to the official blog, Aave announced that the Aave V4 testnet is now live, and the codebase is open for public review. It has also deployed a developer preview version, "Aave Pro," a new interface for DeFi native users of the Aave network application. The community can use this to test new features, and developers can experiment with implementations. Aave V4 introduces a brand-new "Hub and Spoke" architecture. This architecture introduces several new design paradigms to Aave, each with its unique advantages. Funds are no longer dispersed across various markets on the same chain. Instead, all liquidity flows through "Liquidity Hubs."
The UAE has accumulated approximately 6,450 bitcoins through state-sponsored mining activities.
According to Cryptobriefing, citing data from Arkham Intelligence, the Royal Group, a large UAE conglomerate closely linked to the Abu Dhabi ruling family, has accumulated approximately 6,450 bitcoins through state-backed mining activities, making it one of the largest sovereign holders of bitcoins in the country. As of the end of August 2025, Arkham reported that the Royal Group held over 6,300 bitcoins, worth approximately $700 million. Since then, due to significant fluctuations in bitcoin prices, these holdings are currently worth approximately $590 million. These digital assets were accumulated through Citadel Mining, a publicly listed company controlled by Emirates International Holdings. Citadel Mining operates an 80,000-square-meter mining facility built in Abu Dhabi in 2022, developed in partnership with another UAE-listed mining company, Phoenix Group.
Ripple's CTO is exploring native XRP staking.
According to The Street, David Schwartz, Ripple's CTO and one of the founding architects of XRP Ledger, has proposed a new staking model that could revolutionize how the blockchain network operates. This discussion stems from a tweet by J. Ayo Akinyele, Ripple's Senior Director of Engineering, who explored the possibility of adding staking functionality to XRP Ledger. Akinyele stated that XRP has evolved from its initial role as a fast remittance tool into a network supporting the settlement of tokenized assets and enabling real-time market liquidity. With the launch of the first U.S. spot XRP ETF, the XRP ecosystem has entered a new phase, prompting him and Schwartz to consider supporting native staking on XRP Ledger. He added that allowing staking raises issues regarding value circulation and sustainable participation rewards. He proposed one approach: channeling programmable transaction fees into a rewards pool. Akinyele cautioned that financial reward systems, including incentives and penalties, could subtly reshape the governance landscape.
Robinhood plans to allow DeFi app users to use tokenized stocks without permission.
According to Cryptopolitan, Robinhood has announced a three-phase plan to enable DeFi app users to use tokenized stocks permissionlessly, leveraging Arbitrum Stylus for compatibility. The final phase will make stock tokens completely permissionless, allowing users to use them across various dApps. AJ Warner, Head of Strategy at Offchain Labs, stated that Robinhood is laying the foundation for the transition of traditional finance to a permissionless ecosystem. The recent launch of tokenized stocks in Europe is a first step, covering approximately 800 publicly traded securities, with plans to include private equity. Currently in the first phase, EU users can buy tokenized stocks within the app but cannot transfer them out; they are for in-app use only. The second phase focuses on infrastructure, utilizing the acquired Bitstamp to enable 24/7 trading of stock tokens, breaking traditional trading time limitations. In the third phase, users and DeFi protocols will be free to use permissionless tokens, such as buying Apple tokenized stocks for withdrawal and then using them as collateral. This marks a shift in retail investment methods, with tokenized stocks becoming programmable modules in the open financial system; this phase represents a long-term strategic move.
According to its official blog, Kraken announced that it has confidentially filed a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) in connection with a proposed initial public offering (IPO) of common stock. The number of shares to be offered and the price range have not yet been determined. The IPO is expected to proceed after the SEC completes its review process, depending on market and other conditions.
According to Crypto In America, on Tuesday morning, Senate Banking Committee Chairman Tim Scott revealed a preliminary timeline for the Senate's push for cryptocurrency market structural reforms, providing clear information to the industry. In a television interview, Scott stated, "By the end of this year, next month, we believe both committees will have completed their deliberations and votes, and the bill will be submitted to the full Senate for consideration early next year so that President Trump can sign it." It is unclear when the Banking Committee will release the revised bill text, but industry sources involved in the process say key parts are still being finalized. With lawmakers heading out for Thanksgiving tomorrow, the draft bill may not be released until December, or even shortly before deliberations. Meanwhile, following the Senate Agriculture Committee's release of its bipartisan draft last week, the industry is expected to provide feedback on the draft during Thanksgiving, and many believe it still has many unfinished parts. According to Scott's timeline, both the Senate Agriculture Committee and the Banking Committee plan to deliberate and vote next month, after which the two drafts will be merged into one bill, aiming for a full Senate vote in early 2026. After passing the Senate, the bill will be sent back to the House for final approval, and then to President Trump for his signature.
According to Cryptopolitan, CratD2C, a Layer-1 decentralized autonomous smart chain (DASC), has secured $30 million in strategic investment from private alternative investment group Nimbus Capital. This funding will strengthen CratD2C's global infrastructure, expand its diverse "12+1" ecosystem, and accelerate the rollout of its flagship product within the network. CratD2C (DASC) is described as an EVM-compatible Layer-1 blockchain supporting an interconnected ecosystem encompassing e-commerce, real estate, DeFi, and asset tokenization. CratD2C is based on a DPoS mechanism and has been audited by CertiK and Hacken.
According to official news, Doppel, an AI-driven social engineering defense platform, announced the completion of a $70 million Series C funding round, led by Bessemer Venture Partners, with participation from George Kurtz, NTT DOCOMO Ventures, Aurum Partners, Nneka Ogwumike, Breanna Stewart, Kelsey Plum, a16z, South Park Commons, Script Capital, 9Yards Capital, Sozo Ventures, and Strategic Cyber Ventures. Doppel aims to protect organizations from social engineering threats such as phishing, impersonation, and deepfake fraud. The new funding will support the construction of a digital protection infrastructure that combines generative AI with expert human analysis.
Nasdaq-listed DeFi Development (DFDV) announced that it has filed its 10-Q report for the quarter ended September 30, 2025. The company reported that it had unrealized gains of $74 million in the third quarter due to changes in the fair value of digital assets, and accumulated unrealized gains of $96 million year-to-date (YTD).
According to Chainwire, TronBank, a TRON ecosystem infrastructure provider, announced that it has secured strategic investment from five international institutions, with BlockX leading the $10 million round. Other participating institutions include Sky Venture Labs, K300 Ventures, Blockin.Ventures, and Onebit Ventures. TronBank is described as a DeFi platform on the TRON blockchain, providing energy leasing, TRX staking, and on-chain yield services through secure and transparent smart contracts. TronBank currently focuses on three main areas: energy leasing, TRX staking finance, and yield optimization mechanisms.
Bloomberg analyst Eric Balchunas wrote on the X platform that 21Shares will launch its spot Solana ETF (ticker symbol TSOL) today. The fund has a management fee of 21 basis points and initial assets under management of $100 million. The Solana ETF has already attracted $2 billion in funds, with inflows almost daily, which is quite impressive considering the current "extreme panic" in the market.
According to Bloomberg, the Abu Dhabi Investment Committee (ADIC) more than tripled its holdings of Bitcoin ETFs in the third quarter. According to regulatory filings, the independently operated entity of the sovereign wealth fund Mubadala Investment Co. increased its holdings in BlackRock's iShares Bitcoin Trust ETF to nearly 8 million shares as of September 30, worth approximately $518 million. Three months earlier, its holdings were only 2.4 million shares. An ADIC representative stated that the company is gradually allocating a small amount of Bitcoin as part of its long-term diversification strategy. Furthermore, Mubadala separately disclosed that as of the end of the third quarter, it held 8.7 million shares of the same Bitcoin ETF (ticker symbol IBIT), worth $567 million, unchanged from three months prior.
K33: The Bitcoin derivatives market is forming a "dangerous" pattern.
According to The Block, a new report from research firm K33 indicates that the Bitcoin derivatives market is exhibiting a "dangerous" and structurally worrying trend, as traders have increased aggressive leverage during the deepening pullback. Data shows that open interest in perpetual futures surged by over 36,000 BTC last week, marking the largest weekly increase since April 2023, while funding rates continued to climb, indicating that traders are using high leverage to "buy the dip." Vetle Lunde, head of research at K33, stated that these leveraged long positions have become a potential source of selling pressure in the market, significantly increasing the risk of increased volatility due to forced liquidation. Historical data shows that similar market structures have occurred seven times in the past five years, with six of them followed by continued declines in the following month, averaging a -16% drop. The report also points out that Bitcoin is facing pressure from continued ETF outflows, with a net outflow of approximately 20,150 BTC in the past week. This sell-off coincides with selling by long-term holders and the relative weakness of tech stocks. If this pullback is as severe as the two most significant drops in the past two years, Bitcoin is expected to find support in the $84,000-$86,000 range; if selling pressure intensifies further, it could test the $74,433 level. Lunde stated, "These two price levels are psychological levels that many traders are closely watching. Despite the common misconception that Strategy might be forced to sell when prices fall below their cost basis, these levels themselves represent a potential price level that the market might chase."
BlackRock deposited 6,735 BTC and 64,706 ETH into Coinbase.
According to Onchain Lens, BlackRock deposited 6,735 BTC (worth $616.09 million) and 64,706 ETH (worth $199.73 million) into Coinbase, and is likely to continue depositing more assets.
Data: Monad's public offering has raised over $130 million, achieving 69.7% of its total goal.
According to a data dashboard shared by crypto KOL "Swishi.eth", the public sale of Monad (MON) tokens on the Coinbase platform has raised $130.7 million, achieving 69.7% of the total target, with an additional $22.9 million raised in the last 24 hours. This public sale offered 7.5% of the total MON tokens at a price of 0.025 USDC, with a FDV of $2.5 billion, and will close at 10:00 AM on November 23.
According to TFN, French crypto-bank fintech company Deblock has completed a €30 million Series A funding round to support its expansion in Europe, with Germany set to become its next core market. The round was led by Speedinvest, with participation from Commerz Ventures and Latitude, as well as existing investors 20VC, Headline, Chalfen Ventures, and Kraken Ventures.
