Bitcoin traders doubted the staying power of last-minute weekend BTC price upside as selling pressure from whales returned into the weekly close. Key points: Bitcoin reaches $111,000 for the first time in November, but traders anticipate the weekend's upside unraveling. Coinbase sell pressure comes as a Bitcoin whale resumes distributing BTC. Read more
After a September decision from a US regulator paved the way for Polymarket's return, the company is reportedly only weeks away from an initial relaunch. Prediction platform Polymarket is reportedly eyeing launching trading services in the United States in a matter of weeks. According to a Tuesday Bloomberg report citing people familiar with the matter, Polymarket plans to initially launch limited trades available to US residents before the end of November, with an emphasis on sports betting. The relaunch report came about two months after the US Commodity Futures Trading Commission (CFTC) said it had issued a no-action letter to a crypto derivatives exchange and clearinghouse acquired by Polymarket. This move set the stage for the company to “go live in the USA,” according to CEO Shayne Coplan. Read more
XRP could surge to $3 amid strong bullish signals, including Evernorth’s $1 billion accumulation and a growing supply shock at exchanges. Key takeaways: XRP fractal indicates a 12% to 18% rally in November. On-chain data reveals the highest XRP withdrawal on record, boosting its bullish odds. Read more
The SEC extended its review of the Bitwise Dogecoin and Grayscale Hedera ETF applications to Nov. 12, as altcoin ETF decisions pile up for the fall. The US Securities and Exchange Commission (SEC) delayed decisions on the Bitwise Dogecoin ETF and the Grayscale Hedera ETF, keeping both applications under review until November 12. On Tuesday, the SEC pushed back its deadline on NYSE Arca’s proposal to list the Bitwise Dogecoin ETF. The application was first filed in March and published in the Federal Register on March 17, beginning the statutory review period. That same day, the agency also extended its review of Grayscale’s application to list the Hedera ETF, setting the same November deadline. Read more