Kategorie: Crypto Markets

• 21Shares triggers 20-day countdown for potential SEC approval of spot XRP ETF.
• Canary Capital’s XRP ETF also enters countdown window, may trade under ticker XRPC.
• Ripple gains momentum with new partnerships and RLUSD stablecoin milestone.

The countdown for a potential US spot XRP exchange-traded fund (ETF) has officially begun, with asset manager 21Shares filing an amended prospectus that activates a 20-day window under Section 8(a) of US securities law.

The move marks a significant step toward possible approval from the Securities and Exchange Commission (SEC) and has sparked renewed optimism within the XRP community.

21Shares triggers 20-day countdown

The development was first highlighted by Bloomberg ETF analyst Eric Balchunas, who noted in a post on X (formerly Twitter) that “21Shares just dropped an 8(a) for their spot XRP ETF. 20 day clock in effect.”

The Section 8(a) provision stipulates that a registration statement becomes effective automatically after 20 days unless the SEC intervenes to delay or request amendments.

The amended filing removes any “delaying amendment” language, meaning the countdown to potential effectiveness is now underway.

If the SEC does not act within the 20 days, the filing would become effective automatically, paving the way for the fund’s launch.

This procedural step has also been taken by other prospective XRP ETF issuers, signaling increasing competition among asset managers to bring the first US spot XRP ETF to market.

Canary Capital joins the XRP ETF race

The 21Shares filing follows a similar move by Canary Capital Group, whose XRP ETF filing also entered its 20-day countdown window earlier.

Canary Capital, in a post on social media, told investors to “get ready,” adding that the Canary XRP ETF (XRPC) is “coming soon.”

The proposed ETF would trade on Nasdaq under the ticker XRPC, holding XRP in custody with Gemini Trust Company and BitGo Trust Company.

The fund would use the CoinDesk XRP CCIX New York Rate as its official pricing benchmark.

Canary Capital’s entry into the race comes after the firm successfully launched the first US spot ETFs for Litecoin (LTC) and Hedera (HBAR) in late October — a move that strengthened investor confidence in the possibility of additional crypto ETF approvals, including for XRP.

Ripple momentum builds ahead of potential approval

The XRP ETF progress adds to what has already been a significant period for Ripple Labs and the broader XRP ecosystem.

Ripple recently announced new partnerships with Mastercard and WebBank to support settlement for its RLUSD stablecoin, while the XRP Ledger (XRPL) surpassed 100 million ledgers recorded.

Ripple’s stablecoin RLUSD also achieved a milestone, crossing the $1 billion circulation mark.

These milestones, coupled with the ETF momentum, have fueled optimism that institutional interest in XRP could rise sharply if an ETF gains regulatory clearance.

Market participants note that a US-approved spot XRP ETF would provide traditional investors with exposure to XRP through regulated channels, potentially driving liquidity and adoption.

As the 20-day countdown unfolds, the crypto community remains on watch.

Should the SEC refrain from issuing delays, the 21Shares XRP ETF could soon become the latest addition to the expanding lineup of digital asset investment products in the US.

The post Countdown begins for XRP spot ETF as 21Shares files amended prospectus appeared first on CoinJournal.

• Bitcoin’s $100K level turns from milestone to stress point amid fading crypto momentum.
• Analyst Mike McGlone warns “extreme calm” in crypto and stocks may precede volatility.
• Bitcoin’s strong link to Wall Street means stock turbulence could trigger crypto swings.

The cryptocurrency market is facing renewed pressure as Bitcoin struggles to maintain the $100,000 level—a price that once symbolized achievement but now represents uncertainty.

The total market capitalization has fallen to around $3.34 trillion, and key technical indicators suggest weakening momentum across digital assets.

Bitcoin currently trades near $102,405 after dipping below critical support and major moving averages, while Ethereum, Solana, and XRP also continue their downward trend.

A market growing too comfortable

According to Bloomberg’s senior macro strategist Mike McGlone, the $100,000 mark has evolved from a cause for celebration into a potential stress point.

In his latest analysis, McGlone describes the current market behavior as “unnaturally calm.”

Bitcoin, traditionally known for its volatility, has seen reduced movement even as it hovers around a psychologically important level.

McGlone warns that such stillness may not be sustainable.

He characterizes the market’s behavior as “extreme complacency,” noting that both equities and cryptocurrencies appear unusually stable.

His research compares Bitcoin’s 50-week moving trend with volatility measures such as the Cboe Volatility Index (VIX) and the S&P 500’s realized volatility.

The findings suggest that both markets are showing a rare degree of calm, something that, historically, precedes sharp fluctuations.

The VIX, often referred to as Wall Street’s “fear gauge,” typically averages around 19 over time.

McGlone predicts that a reversion toward that level could spark simultaneous turbulence in both traditional markets and digital assets.

“Periods of low volatility rarely last,” he cautioned, implying that investors may be underestimating potential risk.

Bitcoin enters “do or die” zone

Bitcoin’s price has repeatedly tested the $100,000 level after failing to sustain rallies beyond $110,000.

McGlone describes this stage as a “do or die” zone for the world’s largest cryptocurrency.

A successful defense of the $100,000 support level could mark the continuation of Bitcoin’s long-term uptrend, but a breakdown may send it closer to its long-term averages near $56,000.

Historically, similar moments have emerged midway through bull markets, when enthusiasm cools and the price corrects back to its trendline—a process analysts call “mean reversion.”

This cycle, McGlone notes, reflects the broader pattern of markets adjusting to their fundamental value after periods of exuberance.

Crypto still tied to Wall Street

Despite its reputation as “digital gold,” Bitcoin’s behavior remains closely linked to traditional financial markets.

The correlation between Bitcoin and the S&P 500 currently stands at around 0.53, suggesting that crypto continues to act like a high-beta tech asset rather than an independent store of value.

This tight relationship implies that volatility in US equities could spill over into digital assets.

For now, Bitcoin’s stability appears more a reflection of broader market calm than independent strength.

As McGlone observes, holding $100,000 is no longer a symbol of maturity but a test of resilience.

The coming weeks may determine whether Bitcoin cements its place as a durable global asset—or reveals that investor optimism has once again run ahead of reality.

The post Bitcoin’s $100,000 level turns from milestone to market stress point appeared first on CoinJournal.

• Arweave price has rallied 25.5% today, leading the DePIN sector surge.
• Arweave Day Asia has boosted the AO ecosystem and developer interest.
• The immediate support sits at $5.03 while the resistance is found near $6.31.

Arweave (AR) price has witnessed a powerful 25.5% rally in the past 24 hours, outpacing both the broader crypto market and its peers in the Decentralised Physical Infrastructure Networks (DePIN) sector.

This comes amid renewed investor interest in decentralised storage projects as traders position themselves for a potential long-term breakout.

DePIN sector sees renewed interest

The DePIN sector has captured attention this week, surging 10.93% as investors rotate into decentralised infrastructure plays.

Arweave (AR) and Filecoin lead the charge, posting impressive 37.9% and 51.8% weekly gains, respectively, coinciding with growing awareness of the risks tied to centralised cloud providers like AWS and Microsoft, which recently experienced widespread outages.

The Microsoft and AWS outages have underscored the need for resilient, decentralised storage systems — an area where Arweave’s permanent storage model shines.

By offering a censorship-resistant, immutable data layer, Arweave positions itself as a reliable alternative to traditional cloud giants.

Traders and enterprises alike are beginning to recognise this value, as reflected in the 348% surge in Arweave’s 24-hour trading volume.

Analysts note that Arweave’s technology offers more than just decentralised storage; it provides long-term data permanence.

With Layer 2 networks such as Starknet and Optimism exploring Arweave for archiving purposes, the token’s fundamentals appear increasingly robust.

If enterprise and blockchain adoption continue to expand, AR could cement its role at the heart of the DePIN movement.

Arweave Day Asia adds fuel

Arweave Day Asia, held in early October, played a major role in fueling optimism around the AR price.

The event showcased AO, Arweave’s decentralised computing framework, and introduced “DevBot,” a tool that allows AI-generated decentralised applications to be deployed directly on Arweave’s network.

Attendees witnessed live demonstrations of dApp creation, customised digital merchandise, and network upgrades — all aimed at lowering the barriers to decentralised development.

The event generated significant excitement among developers and investors, reinforcing Arweave’s image as a versatile ecosystem rather than a single-purpose storage project.

This renewed confidence in AO’s potential has added a strong narrative tailwind.

Developers are increasingly drawn to the idea of building AI-assisted, on-chain applications that live permanently on Arweave.

This has, in turn, contributed to sustained bullish sentiment, helping AR extend its gains amid a broader market slowdown.

Arweave (AR) price analysis

Technically, the Arweave (AR) price has broken key resistance levels, signalling growing bullish momentum.

After crossing the 23.6% Fibonacci retracement at $5.03 and the 30-day simple moving average at $4.22, AR now eyes the next resistance at $6.31.

The relative strength index (RSI) remains moderate at 64, suggesting room for further upside before approaching overbought territory.

CoinLore’s analysis supports this outlook, emphasising that AR must hold above $4.82 to maintain its bullish structure.

A sustained move above $6.20 could pave the way toward $8.31 and $10.40.

On the downside, failure to defend $4.82 might open the door to deeper corrections toward $1.32, a level last seen during previous market cycles.

Meanwhile, long-term projections remain highly optimistic.

Analyst Render With Me identifies immediate support between $9.15 and $13.27, suggesting that the token could consolidate before pursuing a more ambitious rally.

Render With Me’s forecast places short-term targets between $25.31 and $28.17, with a long-term horizon aiming as high as $61.97 to $71.46 if market and sector conditions align.

$AR When every coin is down but Arweave says “Nah”. #Arweave chart for your reference.

Ready to hit resistance and the target – 1 pic.twitter.com/26dgXwgd2w

— Render With Me (@renderwithme) November 6, 2025

However, sustaining momentum above the $5.03–$6.31 range remains critical as overall crypto liquidity declines.

The post Arweave (AR) price forecast as it rides the DePIN sector momentum appeared first on CoinJournal.

• LayerZero (ZRO) price rose sharply to rank among top gainers on November 7, 2025.
• ZRO price benefited from a $10 million LayerZero Labs token buy.
• Bulls pushed to intraday highs of $1.87 and could target further upside.

LayerZero’s native token ZRO is trending among top gainers today with double-digit gains.

The token is seeing significant attention amid a volatile cryptocurrency market, with ZRO price buoyed by a strategic move aimed at bolstering the project’s treasury strategy.

Bulls pushed to highs of $1.87 before slipping to around $1.66 as of writing, but could this be the starting of a big move for ZRO?

ZRO price surges after $10 million LayerZero Labs token buy

LayerZero Labs, the team behind the LayerZero protocol, announced a major move on Nov. 7.

It said it had executed a $10 million open-market purchase of its own ZRO tokens, with the fresh buy adding to the company’s balance sheet.

LayerZero Labs has purchased $10m of ZRO for its balance sheet. https://t.co/GsUFGs8for

— LayerZero (@LayerZero_Core) November 6, 2025

“We at LayerZero Labs believe ZRO is currently one of the most mispriced assets in the world,” the announcement stated, emphasizing the protocol’s central role in facilitating a “once-in-a-generation change in the financial system” through global-scale, permissionless infrastructure.

ZRO had plummeted to a multi-month low of $1.28 earlier in the week.

This came amid a broader crypto downturn and the October 20 token unlock event that released 25.71 million ZRO into circulation.

On Nov. 7, the token experienced a robust rebound. It climbed from lows of $1.43 to $1.87.

Trading volume also spiked dramatically, with over $142 million exchanged across major platforms amid a 190% surge.

The unlock in late October had initially pressured prices, leading to a consolidation phase followed by a sharp dump as bearish sentiment gripped the market.

Bulls can now target gains to $2 or higher if prices hold key support levels in the $1.66-$1.52 region.

More about LayerZero

LayerZero’s proactive intervention signaled strong internal conviction, countering narratives of dilution and restoring faith among holders.

LayerZero now connects over 50 blockchains, including Ethereum, BNB Chain, Avalanche, and non-EVM networks like Aptos.

This enables seamless omnichain applications for decentralized finance (DeFi) projects such as Stargate Finance and Radiant Capital.

The buyback not only reduces circulating supply marginally but also positions ZRO as a cornerstone for governance and staking rewards, incentivizing long-term participation.

As could be the case, this action could catalyze further accumulation by large holders. The race for cryptocurrency treasury strategies could heat up for ZRO.

ZRO price today

ZRO has maintained its upward trajectory even as it trades at $1.66 and off intraday highs.

Gains of over 13% in the past 24 hours, as of writing, bring the weekly uptick to 8% and cut losses in the past month to 31%.

While in the red on longer time frames, the ZRO price is above a key downtrend line.

This positions the token above its recent support at $1.60, with intraday fluctuations ranging from a low of $1.64 to a high of $1.87.

Relative Strength Index (RSI) sits at 57, having pivoted from overbought conditions.

Meanwhile, the moving average convergence divergence indicator provides support with a bullish crossover.

The post ZRO price outlook: Is LayerZero Labs’ $10M token buy just a start? appeared first on CoinJournal.

• Tezos price jumped 20% to $0.69 and could edge higher amid an altcoin bounce.
• XTZ bulls could target gains to above $1 amid traction for the Layer 2 platform Etherlink.
• The Tezos price traded above the $1 mark in July 2025.

Tezos (XTZ) is among the standout performers in the top 100 cryptocurrencies by market cap today, with the token’s price seeing an impressive 20% price surge in 24 hours.

Gains have allowed XTZ bulls to hit highs of $0.69 on November 7, 2025, the highest level in over a month.

While the overall uptick in medium cap altcoins points to Tezos’ price gains, the blockchain platform has notable momentum down to key events within its ecosystem.

Its Layer 2 solution, Etherlink, which continues to drive ecosystem expansion and real-world asset (RWA) integration, boasts yet another milestone.

Gains for XTZ have also come after crypto exchange MEXC added deposits and withdrawals on Etherlink.

🌐 Another step forward for Etherlink adoption.@MEXC_Official now supports tez deposits and withdrawals on Etherlink, expanding access and liquidity for Tezos’ EVM-compatibility layer.

🔹 Deposits: Nov 5, 2025 – 10:00 UTC
🔹 Withdrawals: Coming soon pic.twitter.com/jyf9ut94UX

— Etherlink 🔗 (@etherlink) November 5, 2025

Tezos touches multi-week high with 20% spike

Tezos’ XTZ climbed more than 20% to reach a multi-week high of $0.69 during early trading sessions on November 7, 2025.

Key move outlines bullish potential as buyers build from recent consolidation, where XTZ had traded in a narrow range between $0.56 and $0.62 since mid-October.

Notably, bears had taken control as cryptocurrencies began Nov on a losing streak.

XTZ dropped to lows of $0.50, but the price rebounded and retested the $0.60 area before climbing further.

As for what’s next for Tezos, technical indicators reveal a bullish short-term picture.

A crossover in the Moving Average Convergence Divergence (MACD), with the histogram flipping positive, gives buyers the upper hand.

Meanwhile, the Relative Strength Index (RSI) has climbed to 60, but is not extended into the overbought territory above the 70 threshold. There’s also a possible falling wedge pattern breakout.

If bulls hold onto gains and benefit from an overall market flip upwards, XTZ could eye a retest of July 2025 highs of $1.07.  Above this, buyers may target $1.50.

XTZ gains as Etherlink powers tokenized Uranium trading

Amid Tezos’ latest momentum is bullish adoption news related to Etherlink, its EVM-compatible Layer 2 network.

Etherlink’s traction in the decentralized finance (DeFi) and real-world assets RWA market has reached a new milestone.

The L2 has seen its Total Value Locked (TVL) surge amid strategic integrations, including with Curve Finance for stablecoin liquidity and Lombard’s LBTC Bitcoin liquid staking token.

On November 6, Etherlink gained further traction in the burgeoning tokenized uranium sector.

Uranium.io, a decentralized application powered by Tezos, UK-regulated custodian Archax and uranium trader Curzon, has unveiled the first tokenized physical Uranium asset.

Users across DeFi can now tap into the asset as collateral for loans.

The impact on XTZ could include institutional interest in the Tezos ecosystem amid DeFi and RWA adoption.

The post Tezos price surges 20% to one-month high on Etherlink and RWA momentum appeared first on CoinJournal.