xrp

According to Lookonchain monitoring, the whale address 0x7B7b closed its XRP short position, making a profit of $945,000.The address then increased its Bitcoin short position, bringing the total holdings to 2,222 BTC, worth approximately $224.5 million.

According to Cryptopolitan, the Franklin Templeton XRP Exchange-Traded Fund (ETF) has appeared on the website of the Depository Trust & Clearing Corporation (DTCC) with the trading code XRPZ. This listing is merely a preparatory step and does not indicate approval or the commencement of trading.It is reported that Franklin Templeton submitted a revised S-1 registration statement on Tuesday, which includes a shortened "8(a)" provision. This legal "loophole" allows the registration to automatically take effect 20 days later without direct approval from the U.S. Securities and Exchange Commission (SEC), unless the agency intervenes.

CryptoQuant posted on platform X that Bitcoin is under pressure, and treasury companies holding Bitcoin assets are similarly affected. Not only are treasury companies holding Bitcoin impacted, but those holding altcoin treasuries are no exception.For example: Evernorth's position in XRP has incurred an unrealized loss of $78 million, and it has only been 2.5 weeks since their entry. Additionally, Strategy's stock price has dropped by 53%, and currently, the trading price of the stock is near the lower limit of the MSTR price range defined by its Bitcoin holdings ($221).Metaplanet holds 30.8 Bitcoins, with an average purchase price of $106,000; the unrealized loss is approximately $120 million, and the stock price has fallen about 80% from its historical peak. Since the market crash on October 10, Bitmine has added 442,000 Ethereum to its portfolio, but they still face an unrealized loss of about $2.1 billion.

According to Lookonchain monitoring, a certain whale created a new wallet and deposited 7 million USDC into Hyperliquid, opening 20x short positions on Bitcoin and XRP. The specific positions include: 1,129 Bitcoins (worth 116 million USD) and 8,888,888 XRP (worth 20.35 million USD). Analysis indicates that this user is a customer of the Roobet and Stake.com platforms.

According to Onchain Lens monitoring, a newly created wallet deposited 7 million USDC into HyperLiquid and opened short positions on BTC and XRP with 20x leverage. Currently, these positions are worth over 100 million dollars.

According to CoinGecko data, in the past 24 hours, Upbit's trading volume reached $2.562 billion, a decrease of 49.13%. The top five tokens by trading volume are: XRP (trading volume share 15.09%, transaction amount $387 million), BTC (trading volume share 11.29%, transaction amount $289 million), ETH (trading volume share 10.28%, transaction amount $263 million), MMT (trading volume share 10.17%, transaction amount $261 million), USDT (trading volume share 8.86%, transaction amount $227 million).

Cryptocurrency market analysis firm Santiment stated that the price of XRP has rebounded, with users who bought the dip gaining about 12% in the past 24 hours.XRP Ledger data shows that 21,595 new XRP wallets were created in the past 48 hours, marking the highest increase in 8 months.

According to The Block, Mastercard has partnered with Gemini and Ripple to test the use of the regulated stablecoin RLUSD for settling cryptocurrency card transactions on the XRPL; WebBank participates as the issuer of the Gemini credit card.This collaboration is said to become an early case of regulated banks in the U.S. settling traditional card transactions on a public chain using regulated stablecoins. Gemini has launched an XRP version of its credit card and introduced a Solana version of the credit card last month (offering up to 4% back in SOL). Mastercard recently collaborated with Chainlink to support on-chain fiat-to-crypto payments and reached an agreement with Humanity Protocol to provide open financial access to credit and financial services.

According to Cointelegraph, the Madras High Court in India has legally recognized XRP as property and is protected under criminal law.

Bloomberg analyst James Seyffart stated that Franklin Templeton submitted an updated XRP ETF S-1 filing, shortening the content of the 8(a) clause, with the goal of launching within this month.

According to on-chain analysis platform Lookonchain (@lookonchain), a trader known as the "Anti-CZ Whale" has increased their short position in $ASTER after CZ posted a buying message, currently accumulating over $21 million in unrealized profits across two wallets.The trader is also shorting various cryptocurrencies such as $DOGE, $ETH, $XRP, and $PEPE, with all positions being profitable, and the total profit on the Hyperliquid platform nearing $100 million.

According to official filing documents, Grayscale discloses that the management fee for the spot XRP and DOGE ETF is 0.35%.

According to The Block, Bitwise plans to charge a fee of 0.34% for the Bitwise XRP ETF, while Grayscale charges 0.35% for its XRP and Dogecoin ETFs. Both companies have previously launched SOL spot ETFs, with Bitwise raising approximately $56 million on its first day.Against the backdrop of a U.S. government shutdown and limited SEC personnel, institutions can submit S-1 filings without a "delaying amendment" and meet listing standards, allowing products to automatically take effect after 20 days. This means that some crypto ETFs may be able to list without prior SEC approval. NovaDius states that the first XRP spot ETF may be seen within two weeks.

According to Businesswire, Ripple announced the launch of a digital asset spot prime brokerage service for the U.S. market. U.S. institutional clients can now conduct over-the-counter spot trading of dozens of mainstream digital assets, including XRP and RLUSD, through the Ripple platform.

The ETF Store President Nate Geraci stated, "I expect the first spot XRP ETFs to be launched in the next two weeks. The U.S. Securities and Exchange Commission (SEC) has been suing Ripple for the past five years, only ending three months ago. In my view, the launch of the spot XRP ETF will be the final blow to those past anti-crypto regulators. We have come a very long way."

Bitwise has updated the fourth revision of its XRP ETF application, adding exchange information (New York Stock Exchange) and management fee rate (0.34%). Eric Balchunas stated that these are typically the last few key steps that need to be completed in the ETF application process.

ChainCatcher news, according to crypto journalist Eleanor Terrett, Canary Capital has submitted an updated S-1 form for its XRP spot ETF, removing the "delay amendment clause" that prevents the registration from becoming automatically effective, and has handed over control of the timeline to the U.S. SEC.Assuming Nasdaq approves the 8-A form application, Canary's XRP ETF will officially launch on November 13. Note: The government's reopening may affect the timeline; if the application materials are complete and the U.S. SEC is satisfied, the timeline may be moved up; if staff raise more concerns, the timeline may be delayed. However, it is worth noting that the U.S. SEC Chairman himself seems to support companies utilizing the automatic effectiveness mechanism. Although he did not directly comment on the launch of the ETF, Paul Atkins stated yesterday that he was pleased to see companies like MapLight utilizing the 20-day statutory waiting period to go public during the government shutdown, and praised Bitwise and Canary for using the same legal mechanism when launching SOL, HBAR, and LTC ETFs this week.

ChainCatcher news, according to Cryptobriefing, the newly established XRP financial company Evernorth Holdings (which has close strategic ties with Ripple executives) has accumulated nearly 389 million XRP tokens.Based on the trading price of XRP at $2.6 at the time of writing, these holdings are worth over $1 billion, making Evernorth one of the largest holders of the token. CryptoQuant's on-chain analyst JA Maartun reported that as of October 27, Evernorth has invested approximately $947 million in its asset reserves. Currently, this investment has generated over $50 million in unrealized gains.

ChainCatcher news, CoinShares released the latest weekly report indicating that the inflow of funds into rising digital asset investment products reached $921 million, thanks to an increase in investor confidence after the U.S. CPI data came in below expectations.U.S. inflows led the way, reaching $843 million, while Germany also performed strongly with an inflow of $502 million; Switzerland saw an outflow of $359 million, but this was due to asset transfers rather than sell-offs. Bitcoin dominated the inflow with a net inflow of $931 million; Ethereum experienced a net outflow of $169 million; inflows for Solana and XRP cooled ahead of the anticipated U.S. ETF release.

ChainCatcher news, according to data released by ETF issuer REX Shares on the X platform, its first XRP exchange-traded fund REX-Osprey™ XRP ETF (XRPR) has surpassed $100 million in assets under management within a month of its launch, currently reaching $100,891,000, setting a new historical record.Additionally, according to data disclosed by the Chicago Mercantile Exchange, since the launch of XRP and micro XRP futures in May, over 567,000 futures contracts have been traded, with a notional trading volume reaching $26.9 billion.