EToro stock jumps on Q3 results, $150M buyback plan
EToro stock jumps on Q3 results, $150M buyback plan
The company posted $20.8 billion in client assets, a 48% increase in profit, and plans for a $150 million share buyback program.
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Tom Lee’s Bitmine Snaps up More ETH, Expands Crypto War Chest to $13.2B
Bitmine Immersion Technologies says its total crypto and cash reserves have reached $13.2 billion after ramping up its ethereum stash to 3.5 million tokens. Bitmine Boosts ETH Treasury by 110K Tokens, Adds $398M in Cash Bitmine Immersion Technologies (NYSE American: BMNR) revealed on Nov. 10 that it now holds 3,505,723 ethereum ( ETH) valued at […]
Bitcoin (BTC) Recovers Past $105K as Shutdown Relief and Whale Buying Fuel Bullish Reversal
Bitcoin surged past $105,000 on Monday, extending gains to trade near $106,000 as optimism over the U.S. government’s shutdown resolution revived risk appetite across global markets. Related Reading: US Gov’t Shutdown Deal Sparks Hope For Crypto Market Relief Reports of a Senate breakthrough to fund key departments and reopen government operations triggered a wave of […]
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Pundit Reveals Final Nail In The Coffin For XRP, What This Means
The crypto industry is approaching a major milestone as the market anticipates the potential approval of an XRP Spot ETF in the United States (US). Analysts suggest that recent developments regarding the US Securities and Exchange Commission’s (SEC) review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP. XRP ETF To Become Game-Changer For The Market Nate Geraci, President of NovaDius Wealth Management and co-founder of The ETF Institute, recently stated on X social media that the first Spot XRP ETF could launch within the next two weeks. He described this event as the “final nail in the coffin” for the previous wave of anti-crypto regulators. Related Reading: Analyst Predicts XRP Price Will Decouple From Bitcoin, Here’s What Would Happen Notably, the US SEC had been involved in litigation against Ripple for five years, which concluded about three months ago. Geraci believes that the approval of a Spot XRP ETF represents a significant step forward for not only XRP but also the broader cryptocurrency industry. The temporary delay caused by the US government shutdown, which started in October, has pushed back XRP ETF approvals. However, new reports of bipartisan efforts to reopen government operations have reignited expectations of an ETF. Geraci pointed out in a subsequent X post that the end of the government shutdown could unleash a wave of crypto ETF launches, with a 33 Act spot XRP ETF likely coming this week. Recently, the US Depository Trust & Clearing Corporation (DTCC) listed nine new Spot XRP ETFs on its platform, increasing expectations of a launch this November. The list includes XRP ETFs from top asset managers such as Bitwise, Franklin Templeton, Canary Capital, Volatility Shares, CoinShares, T-Rex Osprey, 21Shares, and many others. ETF Filing Amendment Brings Launch Closer Than Ever Further evidence that an XRP ETF may be imminent comes from recent filing updates by leading issuers. Eric Balchunas, senior ETF analyst at Bloomberg, reported that 21Shares has submitted an 8(a) form with the US SEC on November 7 for its spot XRP ETF. The new changes in the filing officially activate a 20-day countdown for the approval and launch of an XRP ETF by November 27. Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Crypto commentator John Squire also noted that if the US SEC does not take action within the allotted period, the approval would automatically proceed. Similarly, multiple issuers, including Canary Capital, have also withdrawn “delaying amendments,” triggering the same 20-day automatic approval countdown. Notably, these filings suggest that the market is moving closer to a regulatory green light for XRP ETFs. Amid recent developments, Squire has pointed out that the US has never been this close to fully approving an XRP ETF. Should the SEC give its authorization, it could significantly transform trading volume, liquidity, and institutional participation in the market. It would also expand the current major ETF offerings beyond just Bitcoin and Ethereum. Featured image from Peakpx, chart from Tradingview.com
40-Day Shutdown Nears Conclusion, Sending Bitcoin Above $105K
Senate Republicans and Democrats finally agreed to a deal that could see the longest government shutdown in U.S. history come to an end, assuming everything goes as planned. Bitcoin Climbs to $105K as 40-Day Government Shutdown Finally Shows Signs of Resolution It’s rather uncommon to see eight Senate Democrats go counter to their own party […]
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Ethereum (ETH) Holds Strong as Analysts Target $4,400 Despite ETF Outflows
The cryptosphere is keeping a close eye on Ethereum (ETH), as the second-largest cryptocurrency by market cap demonstrates resilience amid market shakes. Related Reading: MEXC Users At Risk Of Losing Their Crypto? Ex-Public Advisor Exposes ‘Structural Rot’ While spot ETF outflows are causing concern in some quarters, underlying network fundamentals and technical charts are painting a cautiously optimistic picture, with analysts pointing to a potential move toward the $4,400 mark. Ethereum ETF Outflows and Institutional Sentiment Despite ETH’s recent price recovery, institutional sentiment appears to be on firmer ground even as exchange-traded funds (ETFs) tied to Ethereum record sizeable outflows. Data show that Ethereum spot ETFs suffered a net outflow of approximately $508 million over the week, marking one of the largest weekly withdrawals in their history. This mirrors a broader shift in investor behaviour: while traditional crypto-fund inflows have tapered, margins of institutional conviction remain steady. On the one hand, redemptions suggest a short-term cooling of enthusiasm for ETH amongst ETF investors. On the other hand, this rotation may reflect a more strategic recalibration rather than a wholesale withdrawal of institutional capital. ETH's price trends to the upside on the daily chart. Source: ETHUSD on Tradingview Strong ETH Price Support and Technical Setup From a price-action standpoint, Ethereum shows signs of stabilisation. After a sharp weekly drop of around 12 %, the asset has rebounded above the $3,400 level. Analysts have identified key resistance near $3,720, with breakout targets in sight at approximately $4,400 and a further extension toward $4,955. Key technical highlights include: Holding the $3,200–$3,350 liquidity zone as support before the rebound. The break of a bearish trend line near $3,350, alongside clearing the 50 % Fibonacci retracement of the recent decline. Momentum indicators, such as MACD and RSI, are entering bullish territory, suggesting that the upside could be favored if resistance levels are conquered. Network Fundamentals and Catalysts Beyond price movements, Ethereum’s on-chain fundamentals offer reason for optimism. While some metrics are cooling, the total value locked (TVL) in the network has fallen by roughly 24% in the past 30 days to around $74.2 billion. On the flip side, Ethereum’s revenue from applications hit record levels as recently as mid-October, driven by stable-coin activity and increasing usage of the network’s “economic machine.” A key upcoming catalyst is the planned “Fusaka” upgrade, scheduled for early December, which is expected to enhance scalability and security in the Ethereum network, potentially boosting long-term value drivers. Related Reading: Here Are The Bitcoin Whales That Have Been Dumping BTC And Crashing The Price While short-term challenges persist, including ETF outflows and macroeconomic uncertainty, the confluence of a strong technical setup, institutional interest, and network upgrades has led some analysts to feel comfortable pushing higher targets. Cover image from ChatGPT, ETHUSD chart on Tradingview