‍Major Altcoin ETFs Go Live: Solana, Litecoin, Hedera Funds Debut This Week This week marks a significant expansion in crypto investment with the launch of four new ETFs tracking Solana (SOL), Litecoin (LTC), and Hedera (HBAR). These funds will trade on major U.S. exchanges, offering broader access to digital assets. The Canary Litecoin ETF and Canary HBAR ETF list on Nasdaq Tuesday, alongside the Bitwise Solana Staking ETF. The Grayscale Solana ETF is set to list Wednesday. This follows NYSE and Nasdaq certifying 8-A filings, an alternative route to SEC approval. Investor demand for diversified crypto exposure, fueled by the success of Bitcoin and Ethereum ETFs, drives this expansion. Solana, the sixth-largest cryptocurrency, shows robust investor optimism. These listings integrate digital assets further into mainstream finance.
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Major Altcoin ETFs Go Live: Solana, Litecoin, Hedera Funds Debut This Week
The landscape of cryptocurrency investment is set to expand significantly this week with the launch of four new exchange-traded funds (ETFs) tracki...
‍Citi and Coinbase Partner for Stablecoin Payments Amidst $4 Trillion Market Forecast Financial institutions are increasingly integrating digital assets. Citigroup and Coinbase have announced a partnership to enhance payment services with stablecoin capabilities. This collaboration aims to meet client demand for faster, more efficient, and round-the-clock payment solutions. The recent passage of the US GENIUS Act, providing a regulatory framework for stablecoins, has accelerated these developments. Citi has significantly raised its stablecoin market forecast to $4 trillion by 2030. This trend is supported by other major financial players like JPMorgan and Bank of America, alongside investor enthusiasm for stablecoin issuers such as Circle (USDC).
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Citi and Coinbase Partner for Stablecoin Payments Amidst $4 Trillion Market Forecast
The financial landscape is witnessing a significant convergence of traditional banking and digital assets as Citigroup, a major Wall Street institu...
‍Indian Court Classifies Crypto as Property, Impacting WazirX Claims An Indian high court has ruled that cryptocurrency is a property, providing a legal framework for user claims following security breaches. The Madras High Court ordered WazirX's operator, Zanmai Lab, to provide a bank guarantee of approximately $11,800 for arbitration with a user seeking restitution for 3,532 XRP lost in a 2024 cyberattack. The ruling comes as WazirX, which halted trading in July 2024 after $235 million in crypto assets were compromised, attempts a phased relaunch. This decision introduces complexity for WazirX's Singapore-based parent company, Zettai, which had received court approval for a restructuring plan in Singapore. The implications of the Indian ruling on this plan are yet to be fully understood.
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Indian Court Ruling Impacts WazirX XRP Claims, Deems Crypto as Property
An Indian high court has delivered a significant ruling that could reshape how cryptocurrency exchanges manage user claims following security breac...
‍Compass Point Bullish on Robinhood, Cites Prediction Market Growth Investment bank Compass Point maintains a "buy" rating on Robinhood stock, highlighting the expansion of its prediction markets and revenue from crypto trading fees as key growth drivers. Analysts project prediction market revenue to have climbed 100% quarter-over-quarter to approximately $20 million for Q3. This segment is boosted by the popularity of wagering on professional sports. Compass Point forecasts $50 million in Q4 revenue from prediction markets and has raised its price target for HOOD shares to $161. Robinhood is also exploring international expansion for its prediction markets, including discussions with UK regulators.
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Compass Point Bullish on Robinhood: Prediction Markets Drive Growth
Investment bank Compass Point maintains a "buy" rating on Robinhood stock, citing the significant expansion of the firm
‍Relai Secures MiCA License for EU Expansion Swiss Bitcoin-only app Relai has obtained Crypto-Asset Service Provider (CASP) authorization under the EU's MiCA Regulation from the French Financial Markets Authority (AMF). This makes Relai one of the first dedicated Bitcoin companies to achieve this status, facilitating its regulated expansion across the European Union. Relai's CEO, Julian Liniger, stated: "We’re incredibly proud to be one of the first Bitcoin companies to get the MiCA license and are eager to expand to France first and Europe in a second step!" The company plans to introduce simplified, self-custody Bitcoin access to users across all EU member states, starting with France. Relai has garnered over 500,000 app downloads and over $1 billion in trading volume since its 2020 founding.
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Relai
The Swiss Bitcoin-only application, Relai, has achieved a significant milestone by securing authorization as a Crypto-Asset Service Provider (CASP)...
‍XRP Poised for November Rally: Bullish Signals Emerge XRP is showing strong indicators for a potential 12-18% price increase in November. Analysis points to a familiar fractal pattern, similar to early 2025, with historical bounces from ascending trendline support. Record exchange outflows, including a $1 billion XRP treasury purchase by Evernorth, suggest significant accumulation by large holders, reducing sell-side pressure. Additionally, around $39 million in leveraged short positions are at risk of liquidation near $2.68, potentially triggering short squeezes and further driving up the price towards the $2.75-$3.00 range.
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XRP Gears Up for Potential Double-Digit Rally in November Amid Bullish Signals
XRP, the digital asset associated with Ripple Labs, is showing strong indicators for a significant price rally in November, despite ending October ...
‍Yuga Labs' Otherside Metaverse Unveils Koda Nexus and Amazon NFT Drop Yuga Labs, the creator of Bored Ape Yacht Club, is launching Koda Nexus, the social hub for its Otherside metaverse, on November 12. This development, announced at ApeFest, aims to enhance user engagement within a dynamic digital environment. In a significant expansion, Yuga Labs has partnered with Amazon Gaming. This collaboration will feature the Otherside metaverse on Amazon Gaming's front page and introduce an exclusive co-branded "Boximus" Voyager character NFT. Yuga Labs CCO Michael Figge stated, "Amazon has over 300 million users, and we’re going to be selling digital assets to all of them." This move is expected to lower the entry barrier for new users interested in digital collectibles and virtual worlds.
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Yuga Labs
Yuga Labs, the creator behind the popular Bored Ape Yacht Club (BAYC) NFT collection, is set to significantly expand its Otherside metaverse with t...
‍Michael Selig Nominated to Lead CFTC, Crypto Policy in Focus President Trump has nominated SEC official Michael Selig to chair the Commodity Futures Trading Commission (CFTC). This move signals a strategic emphasis on cryptocurrency policies for the agency, which is currently experiencing a leadership gap and awaiting Senate confirmation. Selig's nomination, announced via his X posts and corroborated by White House crypto and AI czar David Sacks, indicates an administration aiming to position the US as a global "crypto capital." The CFTC has been operating with a reduced leadership panel, further complicated by ongoing government funding impasses. Former CFTC Chair Chris Giancarlo noted the difficulty of implementing new regulations without a full commission. The swift confirmation of Selig and other nominees will be critical for the CFTC to effectively address the evolving digital asset market and advance US leadership in the crypto space.
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Michael Selig Tapped for CFTC Chair, Crypto Policy in Focus Amid Leadership Gap
Michael Selig, an official from the US Securities and Exchange Commission (SEC), has been nominated by President Donald Trump to chair the Commodit...
‍tZero Group Plans 2026 IPO Amid Rising Crypto Listings New York-based tZero Group, a specialist in tokenized securities, aims for a U.S. IPO by 2026. This move reflects growing confidence in the digital asset sector and increasing interest in tokenized financial instruments. Founded in 2014, tZero facilitates capital raising and securities trading on blockchain platforms, adhering to U.S. laws. CEO Alan Konevsky is in discussions with banks regarding the IPO. The company has raised approximately $200 million to date from investors like Intercontinental Exchange. tZero's announcement follows a trend of crypto companies going public, spurred by enhanced regulatory clarity and a favorable stance from the Trump administration. Notable recent IPOs include Circle, Bullish, and Gemini, with Kraken also reportedly targeting a 2026 listing.
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Tokenization Platform tZero Eyes 2026 IPO Amid Surging Crypto Public Listings
New York-based blockchain infrastructure firm, tZero Group, a specialist in tokenized securities and real-world assets, has declared its intention ...
‍MegaETH ICO Surpasses $350M, Highlighting Demand for Ethereum L2 Solutions The Ethereum layer-2 network MegaETH has successfully raised $350 million in pre-deposits for its ICO, with an initial oversubscription in just five minutes. This surge in demand signals strong market interest in scaling solutions for Ethereum. The token sale achieved a "hypothetical" fully diluted valuation (FDV) of $7 billion due to oversubscription. The final FDV for the MEGA token is projected at $999 million after allocations are determined. MegaETH's appeal lies in its exceptionally fast transaction speeds, addressing congestion and high fees on the main Ethereum chain. Over 100,000 users completed KYC procedures ahead of the ICO. Participants in the U.S. face a one-year lock-up, while others have an optional lock-up. The Token Generation Event (TGE) is expected around mid-December, with a full token launch in January 2026.
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MegaETH ICO Rockets to $350M in Presales, Signaling Strong Demand for Ethereum L2
The Ethereum layer-2 network MegaETH has achieved a remarkable feat with its recent initial coin offering (ICO), attracting $350 million in pre-dep...