Here are the top three news stories over the past day presented to you by U.Today.
Imminent Bitcoin ETF decision could shake crypto market
The crypto market could see a crucial development this week, as the SEC might potentially issue much-awaited 19b-4 approval orders for spot Bitcoin ETFs. This suggestion was made by Nate Geraci, who quoted Bloomberg’s James Seyffart’s insights in his recent X post. According to the post, the move is set to be done within a small window, which will close on Nov. 17, and submissions beyond this date are unlikely to be considered. This sets a clear deadline for issuers who wish to be part of this historic round of approvals. Such an approach to issuing these orders by the SEC is carefully timed to avoid the appearance of market manipulation, writes Geraci.
Shytoshi Kusama and Shiba Inu (SHIB) team plan to integrate Shibarium with CEXes: Details
Shytoshi Kusama, pseudonymous lead of the Shiba Inu project, has recently taken to his Telegram channel, Shibarium Tech, to share good news with the community. Answering one of his followers’ questions, Kusama wrote that he and the SHIB team are actively discussing the integration of Shibarium with centralized exchanges (CEXes) in the future. “We are in discussion with some new friends,” the SHIB lead wrote. However, Kusama did not provide any further details of those discussions, leaving the community to speculate about what those exchanges could be.
Almost 900 million XRP moved by unknown wallets as XRP price gears up for new rise
Popular blockchain transaction tracker Whale Alert spotted two huge lumps of XRP transferred over the weekend, pointing out the increasing activity of XRP whales. The unregistered wallets made two transactions, with one carrying 425,807,780 XRP worth $288,496,378 and the other 424,307,758 XRP, valued at $281,090,947. These transactions totalled 850.1 million XRP and $569.4 million in fiat. Meanwhile, XRP keeps trying to break through resistance, gearing up for a further rise. At the moment of writing, XRP is trading at $0.655. Should XRP break through it, the token might make a bullish price reversal. Currently, the moving average convergence divergence (MACD) for XRP is being observed in the bullish zone.