It’s been a defining week for Bitcoin and past.
From Trump’s daring vow to make the U.S. a “Bitcoin superpower” to the XRP ETF countdown, crypto is again within the highlight after just a few rocky weeks. Missed the most important strikes? Right here’s your fast rundown.
#1 Trump Vows to Make America the ‘Bitcoin Superpower’
President Donald Trump says he needs to make the USA “the Bitcoin superpower.” Talking on the America Enterprise Discussion board in Miami, he claimed his administration ended Washington’s “warfare on crypto” and known as digital belongings key to strengthening the greenback.
“It takes a variety of the strain off the greenback,” he mentioned. Trump warned that nations like China are racing forward in crypto adoption. The USA should act quick or threat falling behind.
#2 Lummis Revives Push for a U.S. Bitcoin Reserve
Senator Cynthia Lummis is again pushing the thought of a Strategic Bitcoin Reserve to assist handle America’s rising debt. She mentioned Bitcoin may act as a long-term asset that strengthens the nation’s steadiness sheet. Lummis praised President Trump for backing the proposal and mentioned she’s desperate to see it finalized.
Treasury officers are reportedly exploring choices past gold revaluation, with discussions underway at each the Treasury and the White Home on how you can construct the reserve responsibly.
#3 XRP ETF Countdown Begins as Main Asset Managers Transfer In
The XRP ETF race is selecting up pace. Franklin Templeton, Bitwise, and Canary Capital have filed recent S-1 updates with the U.S. SEC, signaling that spot XRP ETFs may go stay as early as mid-November.
At Ripple’s Swell occasion, Canary CEO Steven McClurg mentioned, “We’re able to launch the XRP ETF subsequent week.” The companies have dropped the standard delay clause, mirroring the current Solana and Litecoin ETF technique. For Ripple supporters, the long-awaited Wall Road debut seems to be nearer than ever.
#4 Canada, UK Race to Set Clear Stablecoin Guidelines
Canada and the UK are transferring quick to deliver stablecoins below formal regulation. Canada’s 2025 Federal Price range outlines strict guidelines for fiat-backed tokens, together with reserve requirements and information safety.
In the meantime, the Financial institution of England says it can roll out its stablecoin framework “as shortly because the US,” focusing first on systemic cash. Each nations need to modernize funds and enhance belief in digital cash.
#5 Saylor’s Technique Faucets Euro Market to Fund Extra Bitcoin Buys
Michael Saylor’s Technique is popping to Europe for its subsequent Bitcoin push. The corporate filed to supply 3.5 million euro-denominated STRE shares to lift funds for extra Bitcoin purchases and common use. Every share carries a ten% annual dividend, rising if unpaid.
Analysts say Technique’s mannequin stays robust regardless of current inventory dips. Bitcoin knowledgeable Willy Woo added that the agency is unlikely to face liquidation, noting its versatile debt phrases and regular place because the world’s largest Bitcoin holder.
#6 ZEC Jumps Again Into High 20 as Privateness Cash Achieve Momentum
Zcash (ZEC) has staged a robust comeback, climbing above $600 for the primary time since 2019 and returning to crypto’s prime 20 listing.
The privacy-focused token is up 1,270% year-over-year, with buying and selling quantity hovering previous $1.8 billion throughout Binance, Hyperliquid, and Bybit. Renewed curiosity in privateness infrastructure, new upgrades from the Electrical Coin Firm, and the rising use of the Zashi pockets are driving the surge.
#7 Musk Teases SpaceX’s DOGE-1 Launch
Elon Musk has as soon as once more turned the highlight on Dogecoin. On November 3, he posted a brief tweet, “It’s time”, reviving his 2021 promise to place a literal Dogecoin on the literal moon. The mission, known as DOGE-1, is funded completely in Dogecoin and can fly on a SpaceX Falcon 9 later in 2025.
Musk’s tweets have typically despatched the meme coin hovering, and his newest one has followers hoping for an additional raise.
#8 FTX Pulls Controversial Compensation Rule After Pushback
FTX has withdrawn a proposal that might have stopped 1000’s of customers from getting their a refund. The plan, known as the “Restricted Jurisdiction Process,” would have blocked repayments in 49 nations, together with China, Russia, and Saudi Arabia. Collectors from China led the protest, arguing the rule was unfair and discriminatory.
The proposal lined practically $800 million in claims, i.e. about 5% of complete repayments. After days of backlash, FTX reversed the choice, giving hope to customers ready for the reason that 2022 collapse.
This May Curiosity You: SBF Says FTX Was By no means Bancrupt
#9 Mamdani’s Win Might Change How New York Treats Crypto
Zohran Mamdani’s win within the New York Metropolis mayoral race may reshape the town’s stance on cryptocurrency. Identified for backing client safety and stronger oversight after the FTX and Terra collapses, Mamdani has additionally supported a moratorium on proof-of-work mining and a proposed crypto transaction tax.
Whereas his powers over the business are restricted, his strategy indicators a harder surroundings forward for digital belongings within the metropolis.
#10 Ripple Groups Up with Mastercard, Gemini, and WebBank
Ripple is taking one other large step towards merging crypto with on a regular basis finance. On the Ripple Swell 2025 occasion in New York, the corporate introduced a partnership with Mastercard, Gemini, and WebBank to make use of its RLUSD stablecoin for funds on the XRP Ledger.
This might permit Gemini bank card transactions to settle by means of RLUSD as an alternative of conventional banks. Ripple President Monica Lengthy known as it a “significant step” in displaying how blockchain and controlled finance can work collectively for quicker, safer funds.
Within the Highlight
Right here’s just a few fast hits you shouldn’t miss!
Japan Turns into eleventh Nation to Be part of the State-Backed Bitcoin Mining Race: The federal government launched a 4.5-megawatt undertaking utilizing surplus renewable power, marking its first official step into national-level Bitcoin manufacturing.
Samourai Founders Focused by DOJ in Twister Money-Model Crypto Privateness Crackdown: U.S. prosecutors search five-year sentences for Keonne Rodriguez and William Hill, accused of laundering $230 million by means of their Bitcoin privateness app.
The Central Financial institution Takes Enforcement Motion In opposition to Coinbase Europe for Anti-Cash Laundering Failures: Eire’s regulator fined the alternate €21.4 million after 30 million transactions price €176 billion went unmonitored, citing main lapses in AML and CFT programs.
Kazakhstan to Launch $1B Crypto Reserve Fund by 2026: The federal government plans a state-managed fund backed by seized belongings and mining revenues, investing by means of the Astana hub whereas limiting direct crypto publicity.
Wintermute Says Crypto Market Restoration Hinges on ETF and DAT Inflows: The agency says new capital is transferring to shares and AI, leaving digital belongings depending on ETF and decentralized token demand for revival.
What’s Subsequent for Crypto?
Main shifts to anticipate forward
With XRP ETFs on the point of approval, the following wave of institutional inflows may raise market sentiment by means of November.Canada and the UK’s new stablecoin frameworks are prone to set off comparable strikes in different main economies.Japan and Kazakhstan’s entry exhibits that sovereign Bitcoin participation is turning into a worldwide development.The Coinbase high quality and DOJ actions level to stricter oversight for exchanges and privateness instruments forward.Partnerships like Ripple-Mastercard and new stablecoin pilots trace that blockchain is transferring from hype to utility.
It’s a turning level for the business – much less hypothesis, extra construction, and a clearer path ahead. Keep tuned for subsequent week’s digest!
