Canary’s Ripple ETF Hits Nasdaq as XRPC Today, Poised to Double Solana’s ETF Boom

Posted on November 13, 2025 by Olumide Adesina

The Canary XRP ETF is expected to go live on Nasdaq under the ticker symbol XRPC on November 13. It is anticipated that the XRP ETF could potentially double the gains Solana achieved in its first week.

Nasdaq has confirmed the official listing notice for the Canary XRP ETF. Trading is scheduled to start on November 13, 2025, under the ticker symbol XRPC. As the first spot XRP exchange-traded fund in the US, the announcement represents a turning point for XRP. Canary Capital’s Form 8-A filing was automatically approved by the SEC on November 10. The official listing notice was issued by Nasdaq, according to Eric Balchunas, senior ETF analyst at Bloomberg.

The Nasdaq Global Market will list the ETF with a 0.50 percent management fee.

The comparison to Solana is especially pertinent now that spot Solana ETFs made an outstanding debut in late October. In its first week of trading, Bitwise’s Solana Staking ETF [BSOL] brought in $531 million in net assets. It was introduced on October 28

The fund experienced positive inflows for seven consecutive trading days after opening with approximately $70 million in initial investments. During its launch week, the BSOL ETF outperformed rival cryptocurrency ETFs, with the Bitwise product alone attracting $199 million in new funding. This success occurred despite significant market volatility that led to withdrawals from Bitcoin and Ethereum ETFs during the same period.

The Canary XRP ETF will be based on the XRP-USD CCIXber Reference Rate Index. Custody is managed by Gemini Trust Company and BitGo Trust Company, while Bancorp Fund Services serves as the administrator and transfer agent. Experts view this approval as a significant victory for Ripple after years of legal challenges. The launch marks a new beginning.

BlackRock Makes Bold Case for Ripple’s XRP Trillion-Dollar Future

Posted on November 13, 2025 by Olumide Adesina

Maxwell Stein, Director of Digital Assets at BlackRock, delivered a keynote at Swell 2025 that electrified the audience and sparked a lot of conversation on X (formerly Twitter). Stein stated that the global financial market is “ready for large-scale blockchain adoption” and credited early adopters like Ripple for demonstrating blockchain’s practicality beyond theory.

“The infrastructure being built by companies like Ripple could soon enable the transfer of trillions of dollars on-chain,” he remarked. It started with the tokenization of fixed income, bonds, and stablecoins. However, trillions of dollars in capital flow through these channels.

“This validation positions the XRP Ledger (XRPL) as a scalable ‘rail’ for asset tokenization and high-volume, low-cost cross-border payments—two key use cases Ripple has supported since 2012.” Stein’s comments align with BlackRock’s broader blockchain efforts, including projects like their tokenized money market fund (BUIDL).

Robbie Mitchnick, Head of Digital Assets at BlackRock, recently made a notable statement emphasizing the importance of caution when trading cryptocurrencies.

Mitchnick’s view reflects a wider institutional realization that very few cryptocurrencies are truly durable and useful. He explained that Bitcoin continues to dominate the crypto market because it has carved out a unique product-market fit as a form of digital gold, representing a significant portion of market cap. Few other digital assets have achieved comparable utility or market relevance, he added. He also pointed out that, although thousands of cryptocurrencies exist, most will likely become worthless over time.

Furthermore, Mitchnick warned against short-term or leveraged trading. He believes that those who approach the digital asset space with patience and a long-term outlook tend to succeed the most.

He advised these investors to focus more on fundamentals than speculation and to recognize that market cycles and volatility are natural in this emerging sector. Members of the XRP community have taken notice of Mitchnick’s comments, as they see his emphasis on utility and product-market fit aligning with XRP’s core use case.

XRP has established itself as a bridge currency designed to improve cross-border payment efficiency and liquidity, contrasting with many other speculative tokens. Its strong presence in international remittances and growing adoption among financial institutions demonstrate the kind of “economic utility” Mitchnick described as essential for long-term viability.

Forex Signals Nov 12: Cisco, Tencent Music, Circle (CRCL) Earnings Preview

Posted on November 12, 2025November 12, 2025 by Skerdian Meta

Cisco Systems, Tencent Music, and Circle Internet Group CRCL are all scheduled to release earnings today that could affect sentiment in international markets, making it a busy day for investors in technology and digital media.
Continue reading “Forex Signals Nov 12: Cisco, Tencent Music, Circle (CRCL) Earnings Preview” →

JPMorgan Unleashes JPM Coin: Instant Deposits Hit the Blockchain

Posted on November 12, 2025 by Olumide Adesina

JPMorgan Chase has begun deploying a deposit token called JPM Coin for its institutional clients.

The token, which represents dollar deposits at the world’s largest bank, enables users to send and receive money via Coinbase-owned public blockchain Base, said Naveen Mallela, global co-head of the bank’s blockchain division Kinexys, in an interview.

JPM Coin explained that this allows payments to be processed in seconds and around the clock, rather than taking days and only during business hours. The rollout follows a trial period for JPM Coin over the past few months, involving companies like Mastercard, Coinbase, and B2C2.

Mallela mentioned that the bank aims to expand to other currencies and make the token available to clients of its clients in the future, pending regulatory approval. He also said that plans include expanding to other blockchains.

The pilot phase for JPM Coin, with the ticker JPMD, was first announced in June. According to Mallela, the bank has trademarked the ticker JPME for a possible future launch of a Euro-denominated deposit token.

This launch represents a significant step in JPMorgan’s blockchain initiatives and coincides with efforts by global banks and large corporations such as Citigroup Inc., Banco Santander, Deutsche Bank, and PayPal Holdings Inc. to explore digital assets for faster and cheaper payments.

The US has passed the Genius Act, which governs stablecoins—a growing form of digital money. Debt tokens are digital coins issued by commercial banks, representing a claim on existing customer deposits. They are essentially tokenized versions of money already in bank accounts, designed to move more efficiently via blockchain networks. While stablecoins are often pegged to fiat currencies and backed one-to-one by assets like government bonds or highly liquid assets, they are distinct from debt tokens..

XRP MELTDOWN: Ripple Falling Faster Than Gravity– Here’s Why!

Posted on November 12, 2025November 12, 2025 by Olumide Adesina

Ripple’s XRP price is in a free fall; the token is currently trading at $2.4 after briefly hitting $2.48, down more than 3.4 percent over the past day. The decline follows the highly anticipated launch of the Canary XRP ETF on Nasdaq, which initially sparked optimism but quickly triggered a wave of profit-taking.

Data from Santiment indicates that the spot market has experienced $68 million in outflows, even as there has been a significant inflow of $138 million into ETFs. This suggests that traders are taking profits after a remarkable 320 percent rally this year.

Despite the short-term dip, XRP maintains a robust market cap of $147.54 billion and has seen an increase of 8.75 percent over the past week. Market repositioning is evident, with daily trading volume rising by 34.37 percent to $6.14 billion.

Analysts interpret this rise in trading volume alongside the price drop not as a sign of diminishing long-term confidence, but rather as a strategy for profit booking and a cautious approach in the short term.

TradingView’s technical data paints a fragile picture, with XRP breaching the critical $2.41 Fibonacci support (38.2 percent retracement). Shorter-term averages are clustered closely, showing a phase of consolidation and indecision: the 10-day EMA is at $2.39, the 20-day EMA at $2.43, the 30-day EMA at $2.47, the 50-day EMA at $2.56, and the 200-day SMA at $2.63.

Forex Signals Nov 10: Earnings in Focus with Sony, AngloGold, Vodafone, Oklo Headlining

Posted on November 11, 2025November 11, 2025 by Skerdian Meta

As stock markets bounce back from recent fluctuations, today’s outcomes from Sony, AngloGold Ashanti, Vodafone, and Oklo will serve as a vital indicator of sector vitality and investor trust.
Continue reading “Forex Signals Nov 10: Earnings in Focus with Sony, AngloGold, Vodafone, Oklo Headlining” →

Ripple’s Acquisition Frenzy Positions XRP as Banking’s New Backbone

Posted on November 11, 2025 by Olumide Adesina

Ripple’s CEO, Brad Garlinghouse, emphasized that the next step is to create a bridge between the cryptocurrency industry and traditional financial services, leveraging blockchain technology to enhance transaction speed, reduce costs, and improve efficiency.

Over the past year, Ripple has initiated various projects and made several acquisitions aimed at integrating blockchain technology into the traditional banking and finance sectors. “The assets we have been acquiring are primarily within the traditional finance space, so we can provide crypto-enabled solutions to that world,” Garlinghouse stated during an interview with CNBC’s “Crypto World” at the Ripple Swell 2025 conference in New York. This year, the company invested over $1 billion in the treasury management platform GTreasury and approximately $1.3 billion in the brokerage firm Hidden Road.

Additionally, Ripple plans to form partnerships to utilize its XRP Ledger technology—a decentralized blockchain designed for fast and cost-effective transactions—in the cryptocurrency initiatives of larger financial institutions.

This year’s regulatory changes in the US have improved the environment for digital assets. Banks like Bank of America, Citigroup, and JPMorgan are engaging with stablecoins, cryptocurrency custody services, and blockchain-based deposit products as agencies like the SEC and the CFTC relax earlier regulations. ”

It will be particularly beneficial for the XRP ecosystem, the more we can build utility and really scale solutions that take advantage of XRP at the core,” Garlinghouse said. However, there are obstacles to the wider adoption of blockchain technology by traditional financial institutions. The federal government shutdown continues, despite CNBC’s report that the Clarity Act, a bill to structure the digital assets market, is being considered.

Fakeout Alert or $4,000 Moonshot? Ethereum Whales Bet Big—What Smart Money Knows That You Don’t

Posted on November 10, 2025 by Olumide Adesina

Ethereum is experiencing a resurgence as it surpasses $3,600, but investors remain uncertain about whether it can maintain this level.

ETH is trading in the high $3,000s after a turbulent year that saw it peak above $4,700 in August before sharply declining in October. Market observers are divided on the drop below $4,000. Some see indications of a more serious correction, while others believe that improving fundamentals could ignite a recovery.

2025 has proven to be a volatile year for Ethereum, with the key question being: Can ETH break above $4,000 and stay there? In early October, when Bitcoin reached a new all-time high, ETH briefly surged past $4,300, although this rally lasted only about five minutes.

Ethereum fell to the mid-$3,000s amid a market-wide sell-off triggered by geopolitical tensions. However, the rebound was rapid. By mid-October, ETH climbed back above $4,000, bolstered by strong support from institutional buyers.

Wall Street is increasingly showing support for Ethereum (ETH), evidenced by significant inflows of institutional capital. The launch of Ethereum exchange-traded funds (ETFs) this year has greatly improved accessibility for mainstream investors. In August, Ethereum ETFs experienced record inflows, with more than $2.8 billion entering the market in just one week. This amount surpassed the inflows seen in Bitcoin funds during the same period.

Ongoing upgrades to the Ethereum network are enhancing its functionality. The upcoming update, “Fusaka,” is scheduled for launch on December 3, and it aims to increase the network’s data capacity. We can expect improvements in transaction throughput and reduced gas fees.

Although transaction fees have not surged as they did in previous bull markets, Ethereum’s network activity is approaching levels not seen since 2025. If Ethereum can continue to grow without deterring users due to high costs, it will be a significant achievement. Price targets remain optimistic, with many analysts believing ETH will surpass its previous all-time high of $4.8K.

XRP ETF Mania: Top Asset Managers Race to Launch Five Spot Funds in U.S

Posted on November 10, 2025 by Olumide Adesina

CoinShares’ XRPL, Franklin’s XRPZ, 21Shares’ TOXR, Canary’s XRPC, and Bitwise’s XRP ETF (XRP) are anticipated to launch on the US market.

The required regulatory and other approvals are typically absent from pre-launch ETFs. It is anticipated that XRP ETFs will be introduced in the United States. Several XRP ETF products are being developed, according to US SEC filings, and the removal delay clauses (in S-1s) imply that their approval is nearly certain.

The XRPR ETF from REX-Osprey is currently trading in the United States.

Geraci revealed that Canary’s spot XRP ETF will launch soon—possibly by the end of this week—during last week’s ETF buzz. On November 8, Canary Capital submitted a request to list and trade on The Nasdaq to the US SEC.

The Pricing Benchmark is determined by CoinDesk Indices using the XRP-USD CCIXber Reference Rate’s 60-minute time-weighted average price. Additionally, the Trust plans to use BitGo and Gemini as its XRP custodians. WisdomTree has applied for the CoinDesk 20 ETF, which will hold 20 of the biggest cryptocurrency assets by market capitalization that are qualified for inclusion in the index, according to Geraci. It is anticipated that XRP will make up approximately 19.6% of all holdings

Markets anticipated that the first spot XRP ETFs would be launched sometime in the next two weeks. SEC had been suing Ripple for the previous five years until three months ago. The launch of spot XRP ETFs is the last straw for earlier anti-crypto regulators.

Bitcoin Blasts Past $106K as US Government Shutdown Resolution Looms

Posted on November 10, 2025November 10, 2025 by Olumide Adesina

Bitcoin surged above $106,000 following reports that the US Senate had reached an agreement to end the 40-day government shutdown—the longest in US history. According to data provider CoinGecko, the largest cryptocurrency by market value recently increased by more than 4%.

With Ethereum, the second-largest cryptocurrency by market cap, trading above $3,600—a gain of over 7%—and XRP and Solana, the fourth and sixth-largest coins, both rising roughly 6%, other significant digital assets also saw substantial gains.

Bitcoin fell below $100,000 multiple times as the government deadlock appeared to weigh more heavily in the past month. BTC remains more than 15% below its October record high of $126,000. During that period, as investors shifted away from riskier assets, Ethereum lost even more ground.

Markets have been volatile due to concerns about various macroeconomic uncertainties, as well as the shutdown. The nine Ethereum funds experienced net outflows of $579 million over the past eight trading days, while eleven spot Bitcoin ETFs lost more than $2.1 billion in assets.

Crypto stocks also suffered, with Bitcoin Treasury Strategy dropping over 8% and exchange giant Coinbase plummeting more than 9% last week. Politico, The Wall Street Journal, and The New York Times reported that Senate Democrats and Republicans had reached an agreement to reopen the government as this story was being published. The impasse was broken after a group of moderate Democrats voted in favor of procedural motions to fund the government.