The previous week noticed immense exercise throughout the crypto market amid a 6% total decline in the crypto market.
But, the downturn has not stopped a number of basic information from providing potential clues about the place the market might be headed in the fourth quarter of 2025.
Weekly Crypto News Wrap: First XRP ETF To Launch By November 13
In a latest submit on X, journalist Eleanor Terrett reported that Canary Capital had up to date its S-1 submitting for the proposed spot XRP ETF. The replace eliminated what is named the “delaying modification.”
This modification had beforehand given the U.S. Securities and Trade Fee (SEC) management over when the submitting might take impact.
By maintaining it in place, the SEC might stop a registration assertion from turning into robotically efficient.
As soon as eliminated, nonetheless, the foundations change. Underneath Part 8(a) of the Securities Act of 1933, the submitting would robotically develop into efficient after a 20-day ready interval—until the SEC intervened or issued new feedback.
Consequently, Canary Funds might see its spot XRP ETF go reside as early as November 13. Nonetheless, the timeline would depend upon Nasdaq’s approval of the agency’s Type 8-A submission.
HBAR ETF Absorbs 0.5% Provide in 72-hours
October 28 crypto information present the HBAR exchange-traded fund made its buying and selling debut on Nasdaq and recorded roughly $8 million in buying and selling quantity, with figures indicating that the inflows accounted for about 0.5% of the prevailing HBAR provide.
The fund was launched by Canary Capital and holds HBAR tokens insured by BitGo and Coinbase Custody.
Visa Proclaims Assist for Upto 4 Stablecoins
Visa introduced plans to increase how funds are settled throughout its community by supporting a number of stablecoins.
The transfer mirrored the fee agency’s long-term mission to modernize its fee infrastructure and preserve tempo with digital foreign money innovation.
Business analysts stated Visa, like many conventional monetary and funds establishments, had acknowledged the rising potential of stablecoins amid U.S. regulators clarifying the foundations governing USD-pegged tokens.
Visa launched a pilot program again in September to check stablecoins for cross-border transactions.
The transfer was meant for offering companies with quicker and environment friendly methods of transferring cash globally with out going through the constraints of conventional banking.
The Bitcoin Whitepaper Celebrates Its seventeenth Birthday
The Bitcoin whitepaper, A Peer-to-Peer Digital Money System, marked its seventeenth anniversary this week on October 31.
The paper launched Satoshi Nakamoto’s idea for an digital money system known as the Bitcoin Community.
This community would resolve the long-standing difficulty of double-spending and permit on-line transactions with out banks or third events.
“We’ve proposed a system for digital transactions with out counting on belief,” Satoshi wrote on the time.
https://twitter.com/SecScottBessent/standing/1984378179809599619
Seventeen years later, Bitcoin’s influence had unfold far past the small cryptography boards the place it first took root.
The anniversary arrived as U.S. spot Bitcoin ETFs, launched lower than two years in the past, achieved extraordinary progress—recording greater than $62 billion in complete internet inflows and over $150 billion in internet property, in line with knowledge from SoSoValue.
Ondo Collabs With Chainlink To Unlock Trillions in RWAs
In accordance with the newest crypto information, Ondo Finance announced that its partnership with Chainlink was designed to speed up the tokenization of real-world property, or RWAs, and create a platform the place main establishments might securely transfer their property and operations on-chain.
In accordance with the corporate, Ondo had already established one of the vital advanced institutional ecosystems for RWA tokenization, bringing collectively greater than 100 outstanding entities throughout a number of blockchains and decentralized purposes.
By integrating Chainlink’s oracle know-how, Ondo aimed to strengthen its infrastructure and make it simpler for conventional monetary establishments to transition to blockchain-based providers.
The collaboration additionally constructed on earlier joint efforts involving main gamers in international finance, together with SWIFT and Euroclear.
