The imminent decision regarding the Exchange-Traded Bitcoin Fund (ETF) could potentially disrupt the cryptocurrency market. This suggestion was put forth by Nate Geraci, who referenced James Seifert of Bloomberg in his recent publication on X.
This week, the Securities and Exchange Commission (SEC) is expected to issue long-awaited approval orders for 19b-4 ETFs. This sets a clear and final deadline for securities issuers wishing to be part of this historic round of approvals. It is anticipated that this step will be taken within a small window, which is set to close on November 17, and it is unlikely that applications submitted after this date will be considered.
Geraci writes that such timing of these orders by the SEC is carefully orchestrated to avoid market manipulation. The team of Shytoshi Kusama and Shiba Inu (SHIB) are planning to integrate Shibarium with Centralized Exchanges (CEXes).
Shitoshi Kusama, the leader of the Shiba Inu project, recently appeared on his Telegram channel, Shibarium Tech, and in response to a follower’s question, Kusama wrote that he and the SHIB team are actively discussing the integration of Shibarium with centralized exchanges (CEXes) in the future. However, Kusama did not provide any other details about these discussions, leaving the community to speculate on the nature of these exchanges.
Nearly 900 million XRP was transferred by an unknown wallet, with the XRP price poised for a new increase. These transactions were made over the weekend, indicating increased activity among XRP whales. Whale Alert, the renowned blockchain transaction tracking company, recorded a total of 850.1 million XRP and $569.4 million in fiat currency for these transactions. The unregistered wallets conducted two transactions, one carrying 425,807,780 XRP valued at $288,496,378, and the other carrying 424,307,758 XRP valued at $281,090,947. At the time of writing this report, XRP is trading at a price of $0.655. Currently, there is evidence of a bullish convergence of the Moving Average Convergence Divergence (MACD) for XRP.
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