by Coinstrooper Crypto Articles
Quick Take
  • Canary Capital removed the delaying amendment language, potentially positioning for the November 13 launch.
  • Bitwise, Franklin Templeton, and 21Shares followed, racing for first-to-market advantage.
  • Post-Swell volatility drove a 36% correction from $3.60 peaks.
  • SEC Generic Listing Standards permit commodity-based ETF listings without requiring traditional 19b-4 approval, which can take up to 240 days.

What Happened

Canary Capital removed the delaying amendment language, potentially positioning for the November 13 launch.

By removing delaying language, issuers can launch after 20 days without SEC queries. The strategy circumvents shutdown-linked delays as the SEC operates with a skeleton staff.

Canary Capital gains a potential first-mover advantage, as competitors are launching shortly after.

NovaDius Wealth Management President Nate Geraci called potential launches the “final nail in coffin of previous anti-crypto regulators,” highlighting the shift from the SEC’s Ripple legal battle to Paul Atkins’ Project Crypto initiative.

Players upgrade setups to maximize $PEPENODE rewards plus PEPE and Fartcoin payouts.

The ecosystem burns 70% of the tokens spent on upgrades, which is good for the token’s upside potential.

Market Context

XRP recovered 4.59% Friday to $2.3140 as spot ETF momentum intensified, with multiple issuers filing amended S-1s to bypass SEC delays from the ongoing government shutdown, which had earlier affected the bullish XRP price predictions.

Bitwise, Franklin Templeton, and 21Shares followed, racing for first-to-market advantage.

The token trades 7.72% down for November following October’s 11.84% decline, leaving the price below the 50-day and 200-day EMAs as traders monitor death cross confirmation. Post-Swell volatility drove a 36% correction from $3.60 peaks.

Post-swell volatility creates uncertainty in the altcoin market, but innovative projects keep capturing attention.

Why It Matters

The structural strength suggests a durable advance despite the current 18.87% quarterly decline, contrasting with historical brief rallies that quickly reversed.

Details

ETF Race Accelerates Through Shutdown Loophole

SEC Generic Listing Standards permit commodity-based ETF listings without requiring traditional 19b-4 approval, which can take up to 240 days.

CoinShares, Grayscale, and WisdomTree await reopening unless filing amended S-1s.

Death Cross Concerns Battle Ichimoku Strength

XRP tests support at $2.32 with a bearish projection targeting the $1.90-$2.00 zone, representing a 14-17% additional downside.

The 50-day and 200-day EMAs converged ahead of a potential death cross. Immediate support sits at $2.60-$2.70, with the critical zone at $2.00-$2.55.

However, quarterly Ichimoku Cloud analysis reveals XRP has built a base above the 3-month conversion and baseline for the first time in history.

The near-term trajectory continues toward $1.90-$2.10 as the death cross drives technical selling, and post-Swell profit-taking persists.

Response to this support determines whether structural strength translates to accumulation or breakdown.

A successful defense validates the bull structure and enables recovery toward $2.50-$2.70. Failure triggers correction toward $1.50-$1.70.

Mine-to-Earn Gaming Meets Meme Coin Economics

PepeNode gamifies crypto mining, where users deploy digital Miner Nodes in virtual server rooms.

The presale nears $2 million after passing smart contract audits.