Sui hovers around $2.08 on Wednesday after bouncing from a key support level on Monday, signaling chances of hitting a new all-time high in the short term. TVL value is rising, indicating more users deposit or use assets within SUI-based protocols. SUI’s decentralized exchange trading volume is increasing, suggesting a surge in traders’ interest and liquidity in the SUI ecosystem. Sui (SUI) price trades around $2.08 on Wednesday after retesting key support and rallying 17% on Tuesday, signaling the potential for a new all-time high in the short term. This bullish momentum is further bolstered by rising Total Value Locked (TVL) and increased decentralized exchange (DEX) trading volume, reflecting heightened trader activity and usage of the SUI ecosystem. SUI Price Forecast: Eyes for new all-time high Sui's price crashed over 25% after reaching a new all-time high (ATH) of $2.36 on October 13. However, on Monday, it retested and found support around its 61.8% Fibonacci retracement level at $1.64, rallying over 17% on Tuesday. This level roughly aligns with the 50-day Exponential Moving Average (EMA) at around $1.73, making it a key reversal zone. As of Wednesday, it continues to trade higher around $2.08.

Sui hovers around $2.08 on Wednesday after bouncing from a key support level on Monday, signaling chances of hitting a new all-time high in the short term. TVL value is rising, indicating more users deposit or use assets within SUI-based protocols. SUI’s decentralized exchange trading volume is increasing, suggesting a surge in traders’ interest and liquidity in the SUI ecosystem. Sui (SUI) price trades around $2.08 on Wednesday after retesting key support and rallying 17% on Tuesday, signaling the potential for a new all-time high in the short term. This bullish momentum is further bolstered by rising Total Value Locked (TVL) and increased decentralized exchange (DEX) trading volume, reflecting heightened trader activity and usage of the SUI ecosystem. SUI Price Forecast: Eyes for new all-time high Sui's price crashed over 25% after reaching a new all-time high (ATH) of $2.36 on October 13. However, on Monday, it retested and found support around its 61.8% Fibonacci retracement level at $1.64, rallying over 17% on Tuesday. This level roughly aligns with the 50-day Exponential Moving Average (EMA) at around $1.73, making it a key reversal zone. As of Wednesday, it continues to trade higher around $2.08.

Solana price today: $176 Solana price corrects from Tuesday’s high above $183 after rallying alongside Bitcoin. The number of unique active wallets has doubled in the past five days, according to on-chain data. SOL could gain nearly 9%, breaking above the $190 level, according to technical indicators. Solana (SOL) loses 2% on Wednesday, putting an end to a four-day rally fuelled by Bitcoin’s (BTC) sharp rise to almost a fresh all-time high. Despite the correction, the outlook for SOL remains positive, on-chain data and technical indicators show, adding to the chances that the recent uptrend could continue toward $190. These catalysts could push Solana higher On-chain metrics such as the volume of SOL traded, the number of transactions and the number of unique active wallets (UAW) have increased in the past five days, according to data from DappRadar.

Solana price today: $176 Solana price corrects from Tuesday’s high above $183 after rallying alongside Bitcoin. The number of unique active wallets has doubled in the past five days, according to on-chain data. SOL could gain nearly 9%, breaking above the $190 level, according to technical indicators. Solana (SOL) loses 2% on Wednesday, putting an end to a four-day rally fuelled by Bitcoin’s (BTC) sharp rise to almost a fresh all-time high. Despite the correction, the outlook for SOL remains positive, on-chain data and technical indicators show, adding to the chances that the recent uptrend could continue toward $190. These catalysts could push Solana higher On-chain metrics such as the volume of SOL traded, the number of transactions and the number of unique active wallets (UAW) have increased in the past five days, according to data from DappRadar.

Ethereum (ETHUSD), the second-largest cryptocurrency, bottomed out on August 5 at $2121, like Bitcoin (BTCUSD) did. And that is essentially where the comparison ends. The former has increased by over 50% since then, whereas the latter has only added 27%. Moreover, while BTC is only 2% away from its ATH, ETH needs to rally 50% from current levels to play catch-up. See Figure 1 below. Due to this lackluster performance, we have not provided any public updates. In our last analyses, we asked if it would go to $900 or $9000. Unless we see a break above $2800 that will hold, $900 is becoming more likely. We don’t know why that is, but the why doesn’t matter. Namely, price is the aggregate of all market participants’ opinions about, in this case, Ether at any given time, and it follows that this combined opinion has soured.

Ethereum (ETHUSD), the second-largest cryptocurrency, bottomed out on August 5 at $2121, like Bitcoin (BTCUSD) did. And that is essentially where the comparison ends. The former has increased by over 50% since then, whereas the latter has only added 27%. Moreover, while BTC is only 2% away from its ATH, ETH needs to rally 50% from current levels to play catch-up. See Figure 1 below. Due to this lackluster performance, we have not provided any public updates. In our last analyses, we asked if it would go to $900 or $9000. Unless we see a break above $2800 that will hold, $900 is becoming more likely. We don’t know why that is, but the why doesn’t matter. Namely, price is the aggregate of all market participants’ opinions about, in this case, Ether at any given time, and it follows that this combined opinion has soured.

Two crypto research firms have accused Polymarket of performing wash trades around election odds. Fortune claimed that Chaos Labs revealed a distinction between Polymarket's on-chain transaction volume and its published transaction volume. Chaos Labs concluded that one-third of the platform's trading volumes are likely wash trades. In a Wednesday report, crypto research firms Chaos Labs and Inca Digital revealed that prediction market Polymarket is guilty of performing wash trading on its presidential election market just a few days before the US presidential election. Polymarket accused of election wash trading With the presidential election less than a week away, blockchain-based prediction marketplace Polymarket has received increased attention and is becoming a major reference point across online communities.

Two crypto research firms have accused Polymarket of performing wash trades around election odds. Fortune claimed that Chaos Labs revealed a distinction between Polymarket's on-chain transaction volume and its published transaction volume. Chaos Labs concluded that one-third of the platform's trading volumes are likely wash trades. In a Wednesday report, crypto research firms Chaos Labs and Inca Digital revealed that prediction market Polymarket is guilty of performing wash trading on its presidential election market just a few days before the US presidential election. Polymarket accused of election wash trading With the presidential election less than a week away, blockchain-based prediction marketplace Polymarket has received increased attention and is becoming a major reference point across online communities.

Celestia's 176 million unlocked TIA tokens are causing FUD among investors. Taran Sabharwal clarified that not all unlocked tokens will immediately be available for sale. TIA could trigger a massive correction if it fails to bounce off the $4.506 support level. Celestia (TIA) is down about 9% following increased negative sentiment surrounding its cliff unlock, which is worth about 176 million TIA tokens. The token could see a correction if it fails to bounce off the $4.506 level. TIA unlock stirs FUD among investors Celestia unlocked 176 million TIA on Wednesday in a cliff unlock representing 80% of its current supply. Cliff unlocks are events where a crypto project releases vested tokens to investors, community members or advisors after a lockup period. It can lead to sharp price declines in a token if demand fails to catch up with the new supply.

Celestia's 176 million unlocked TIA tokens are causing FUD among investors. Taran Sabharwal clarified that not all unlocked tokens will immediately be available for sale. TIA could trigger a massive correction if it fails to bounce off the $4.506 support level. Celestia (TIA) is down about 9% following increased negative sentiment surrounding its cliff unlock, which is worth about 176 million TIA tokens. The token could see a correction if it fails to bounce off the $4.506 level. TIA unlock stirs FUD among investors Celestia unlocked 176 million TIA on Wednesday in a cliff unlock representing 80% of its current supply. Cliff unlocks are events where a crypto project releases vested tokens to investors, community members or advisors after a lockup period. It can lead to sharp price declines in a token if demand fails to catch up with the new supply.

MicroStrategy announced its plans to raise $42 billion of capital over the next 3 years to acquire more Bitcoin. The capital will comprise $21 billion of equity and $21 billion of fixed-income securities. MicroStrategy also announced its Q3 income, with a total revenue of $116 million. MicroStrategy released its third quarter (Q3) financial report on Wednesday. The report revealed its 17.8% BTC yield year-to-date and discussed the company's plan to raise $42 billion to acquire more of the top cryptocurrency. MicroStrategy continues plans to acquire more Bitcoin Business intelligence firm, MicroStrategy, announced its financial report for Q3, which ended on September 30. The report indicated the company increased its Bitcoin holding by 11% in September, pushing its BTC yield year-to-date to 17.8%.

MicroStrategy announced its plans to raise $42 billion of capital over the next 3 years to acquire more Bitcoin. The capital will comprise $21 billion of equity and $21 billion of fixed-income securities. MicroStrategy also announced its Q3 income, with a total revenue of $116 million. MicroStrategy released its third quarter (Q3) financial report on Wednesday. The report revealed its 17.8% BTC yield year-to-date and discussed the company's plan to raise $42 billion to acquire more of the top cryptocurrency. MicroStrategy continues plans to acquire more Bitcoin Business intelligence firm, MicroStrategy, announced its financial report for Q3, which ended on September 30. The report indicated the company increased its Bitcoin holding by 11% in September, pushing its BTC yield year-to-date to 17.8%.

Riot recorded $84.8 million in revenue this quarter, representing a 65% increase over the same quarter in 2023,” said CEO Jason Les in an announcement on Oct. 30. A “significant increase in deployed hash rate allowed us to produce 1,104 Bitcoin this quarter,” he added before saying that this was in line with production in Q3, 2023, despite the halving. He said the firm “continued to achieve significant growth” during the first full quarter past the Bitcoin BTC $72,242 halving, which was driven by a 159% year-over-year increase in deployed hashrate to 28 EH/s (exahashes per second) at the end of September. However, the net loss for the quarter was $154 million, or $0.54 per share, 92% higher than the net loss in Q3, 2023, primarily due to reduced power credits, increased operating expenses, and the halving impact. The average cost to mine one Bitcoin was $35,376, around half of current spot prices, which are around $72,000. The firm attributed this to its energy efficiency, “achieving an industry-leading average all-in cost of power of 3.1 cents/kWh,” Les added. The firm also reported “robust balance sheet strength,” with approximately $1.3 billion in cash and equity securities and 10,427 Bitcoin, worth around $750 million, held.

Riot recorded $84.8 million in revenue this quarter, representing a 65% increase over the same quarter in 2023,” said CEO Jason Les in an announcement on Oct. 30. A “significant increase in deployed hash rate allowed us to produce 1,104 Bitcoin this quarter,” he added before saying that this was in line with production in Q3, 2023, despite the halving. He said the firm “continued to achieve significant growth” during the first full quarter past the Bitcoin BTC $72,242 halving, which was driven by a 159% year-over-year increase in deployed hashrate to 28 EH/s (exahashes per second) at the end of September. However, the net loss for the quarter was $154 million, or $0.54 per share, 92% higher than the net loss in Q3, 2023, primarily due to reduced power credits, increased operating expenses, and the halving impact. The average cost to mine one Bitcoin was $35,376, around half of current spot prices, which are around $72,000. The firm attributed this to its energy efficiency, “achieving an industry-leading average all-in cost of power of 3.1 cents/kWh,” Les added. The firm also reported “robust balance sheet strength,” with approximately $1.3 billion in cash and equity securities and 10,427 Bitcoin, worth around $750 million, held.

Sometimes, the hardest part of trading isn’t the strategy—it’s dealing with the emotional rollercoaster. One moment you're on top of the world, the next you're questioning every decision.

Sometimes, the hardest part of trading isn’t the strategy—it’s dealing with the emotional rollercoaster. One moment you're on top of the world, the next you're questioning every decision.

Uniswap price faces resistance around $8.26; a firm close above suggests a rally ahead. The MACD indicator flips into the positive territory amid a bullish crossover. A daily candlestick close below $7.08 would invalidate the bullish thesis. Uniswap (UNI) is trading slightly below $8 on Thursday after rejecting a key resistance level on Wednesday. A successful close above this threshold could indicate a rally for the decentralized exchange, bolstered by technical indicators showing a bullish crossover pointing to potential upward momentum. Uniswap could have double-digit gains if it closes above the key resistance level Uniswap has struggled to break through the daily resistance level around $8.26, which roughly coincides with the 50% price retracement at $8.37. It was again rejected on Wednesday. At the time of writing on Thursday, it trades slightly down around $8.01.

Uniswap price faces resistance around $8.26; a firm close above suggests a rally ahead. The MACD indicator flips into the positive territory amid a bullish crossover. A daily candlestick close below $7.08 would invalidate the bullish thesis. Uniswap (UNI) is trading slightly below $8 on Thursday after rejecting a key resistance level on Wednesday. A successful close above this threshold could indicate a rally for the decentralized exchange, bolstered by technical indicators showing a bullish crossover pointing to potential upward momentum. Uniswap could have double-digit gains if it closes above the key resistance level Uniswap has struggled to break through the daily resistance level around $8.26, which roughly coincides with the 50% price retracement at $8.37. It was again rejected on Wednesday. At the time of writing on Thursday, it trades slightly down around $8.01.

Chainlink falls after a three-day rally, which was partially driven by the Chainlink Runtime Environment (CRE) at SmartCon on Wednesday. This enhancement is crucial for expanding Chainlink to thousands of blockchains and meeting the growing demand from capital markets and Web3. Tron announced on Thursday that Chainlink Data Feeds will soon become the official data Oracle solution for the TRON blockchain ecosystem. Chainlink (LINK) trades slightly down around $12 on Thursday after rallying over 5% on Wednesday following the announcement of its Chainlink Runtime Environment (CRE) upgrade, which is aimed to enhance interoperability across thousands of blockchains and addresses to meet the demand of capital markets and Web3. Tron (TRX) announced on Thursday that Chainlink Data Feeds will become the official Oracle solution for its ecosystem.

Chainlink falls after a three-day rally, which was partially driven by the Chainlink Runtime Environment (CRE) at SmartCon on Wednesday. This enhancement is crucial for expanding Chainlink to thousands of blockchains and meeting the growing demand from capital markets and Web3. Tron announced on Thursday that Chainlink Data Feeds will soon become the official data Oracle solution for the TRON blockchain ecosystem. Chainlink (LINK) trades slightly down around $12 on Thursday after rallying over 5% on Wednesday following the announcement of its Chainlink Runtime Environment (CRE) upgrade, which is aimed to enhance interoperability across thousands of blockchains and addresses to meet the demand of capital markets and Web3. Tron (TRX) announced on Thursday that Chainlink Data Feeds will become the official Oracle solution for its ecosystem.

Stablecoin market cap rose 0.05% in October to $173 billion, marking the 13th consecutive month of increase since September 2023. Tether became the first stablecoin to surpass a $120 billion market cap, holding 69.9% of the stablecoin market share. Sky's USDS also became the second-fastest stablecoin to reach a $1 billion market cap in just 13 days. The stablecoin market capitalization continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand. Stablecoin market sees increased trading activity as uptrend continues In its latest report, CCData indicated some of the major trends in the stablecoin market in October, with the sector seeing an increase in market cap, rising 0.05% to $173 billion.

Stablecoin market cap rose 0.05% in October to $173 billion, marking the 13th consecutive month of increase since September 2023. Tether became the first stablecoin to surpass a $120 billion market cap, holding 69.9% of the stablecoin market share. Sky's USDS also became the second-fastest stablecoin to reach a $1 billion market cap in just 13 days. The stablecoin market capitalization continued its uptrend in October, characterized by USDT reaching a $120 billion market cap, according to a CCData report on Thursday. This indicates that investors are preparing liquidity to fuel more demand. Stablecoin market sees increased trading activity as uptrend continues In its latest report, CCData indicated some of the major trends in the stablecoin market in October, with the sector seeing an increase in market cap, rising 0.05% to $173 billion.

TON announced plans to launch a synthetic Bitcoin tgBTC on the TON chain. tgBTC will maintain a 1:1 peg with the price of BTC. TON is down over 3% following the announcement. TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%. TON price is under pressure amid preparation to launch Teleport Bitcoin The Open Network (TON) announced the introduction of a new synthetic Bitcoin token, TON Teleport BTC, allowing users to bridge Bitcoin directly to the TON chain. The synthetic Bitcoin token will carry the ticker tgBTC and enable DeFi possibilities for TON users, including trading, yield farming, and staking BTC. TON claims it plans to open a $10 billion liquidity for the tgBTC token at launch.

TON announced plans to launch a synthetic Bitcoin tgBTC on the TON chain. tgBTC will maintain a 1:1 peg with the price of BTC. TON is down over 3% following the announcement. TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%. TON price is under pressure amid preparation to launch Teleport Bitcoin The Open Network (TON) announced the introduction of a new synthetic Bitcoin token, TON Teleport BTC, allowing users to bridge Bitcoin directly to the TON chain. The synthetic Bitcoin token will carry the ticker tgBTC and enable DeFi possibilities for TON users, including trading, yield farming, and staking BTC. TON claims it plans to open a $10 billion liquidity for the tgBTC token at launch.

DOT/USD Elliott Wave technical analysis Function: Follow Trend. Mode: Motive. Structure: Impulse. Position: Wave V. Direction next higher degrees: Wave (C). Details: The five-wave falling in wave V. Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level, so the overall picture is still a short-term decline before resuming the uptrend. DOT/ U.S. dollar (DOT/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

DOT/USD Elliott Wave technical analysis Function: Follow Trend. Mode: Motive. Structure: Impulse. Position: Wave V. Direction next higher degrees: Wave (C). Details: The five-wave falling in wave V. Five wave V retracement, the final wave of wave C before resuming the uptrend. We expect the price to drop to test the 2.227 level, so the overall picture is still a short-term decline before resuming the uptrend. DOT/ U.S. dollar (DOT/USD) Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish Momentum.

Binance Coin was rejected at the resistance level of $612.5 and closed below the ascending trendline, indicating a potential downturn. Technical indicators back a downward trend as bearish MACD and RSI align. A daily candlestick close above $612.5 would invalidate the bearish thesis. Binance Coin (BNB) is trading slightly above $578 on Friday after being rejected at a crucial level and closing below the ascending trendline. This breakdown indicates a shift in market structure from bullish to bearish. Technical indicators also support this bearish outlook, showing a bearish crossover that suggests a possible downtrend. BNB is poised for a downturn following break below uptrend line BNB faced repeated rejection at its daily resistance level of $612.5.As of Tuesday, it retested this level, declined over 5% until Thursday, and closed below the ascending trendline (drawn by connecting multiple low levels since early August). At the time of writing on Friday, it trades slightly above $578.7, retesting the trendline breakout level.

Binance Coin was rejected at the resistance level of $612.5 and closed below the ascending trendline, indicating a potential downturn. Technical indicators back a downward trend as bearish MACD and RSI align. A daily candlestick close above $612.5 would invalidate the bearish thesis. Binance Coin (BNB) is trading slightly above $578 on Friday after being rejected at a crucial level and closing below the ascending trendline. This breakdown indicates a shift in market structure from bullish to bearish. Technical indicators also support this bearish outlook, showing a bearish crossover that suggests a possible downtrend. BNB is poised for a downturn following break below uptrend line BNB faced repeated rejection at its daily resistance level of $612.5.As of Tuesday, it retested this level, declined over 5% until Thursday, and closed below the ascending trendline (drawn by connecting multiple low levels since early August). At the time of writing on Friday, it trades slightly above $578.7, retesting the trendline breakout level.

Blockchain intelligence platform Arkham revealed that 500 (BTC $69,305) worth approximately $35 million has been transferred from the Mt. Gox cold wallet to an unmarked address starting with “12cTj”. Shortly after, there were two transactions of 31.78 BTC and 468.24 BTC to two unmarked addresses. It is the first major coin movement from Mt. Gox associate wallets in around a month. The defunct crypto exchange moved around 12,000 coins worth about $700 million at the time to a new unknown wallet address on Aug. 20 in its first major transaction since the end of July when the trustee managing Mt. Gox assets began distributing funds to creditors. Earlier this month, Mt. Gox postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025. The official statement said that “many rehabilitation creditors still have not received their repayments because they have not completed the necessary procedures for receiving repayments.” It also cited “system issues” resulting in some creditors receiving double deposits. The trustee admitted fault and asked recipients to return the overpaid funds. The platform was one of the first Bitcoin exchanges in the world and, at one point, handled about 70% of all global BTC transactions. It faced a series of security breaches and hacks that resulted in a halt in withdrawals and its collapse in 2014.

Blockchain intelligence platform Arkham revealed that 500 (BTC $69,305) worth approximately $35 million has been transferred from the Mt. Gox cold wallet to an unmarked address starting with “12cTj”. Shortly after, there were two transactions of 31.78 BTC and 468.24 BTC to two unmarked addresses. It is the first major coin movement from Mt. Gox associate wallets in around a month. The defunct crypto exchange moved around 12,000 coins worth about $700 million at the time to a new unknown wallet address on Aug. 20 in its first major transaction since the end of July when the trustee managing Mt. Gox assets began distributing funds to creditors. Earlier this month, Mt. Gox postponed the deadline to repay its creditors by a year, pushing the due date to return funds to Oct. 31, 2025. The official statement said that “many rehabilitation creditors still have not received their repayments because they have not completed the necessary procedures for receiving repayments.” It also cited “system issues” resulting in some creditors receiving double deposits. The trustee admitted fault and asked recipients to return the overpaid funds. The platform was one of the first Bitcoin exchanges in the world and, at one point, handled about 70% of all global BTC transactions. It faced a series of security breaches and hacks that resulted in a halt in withdrawals and its collapse in 2014.

Trading is not about predicting the market, it’s about managing risk and taking what the market gives you. The market doesn’t owe you anything.

Trading is not about predicting the market, it’s about managing risk and taking what the market gives you. The market doesn’t owe you anything.

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2070.46, up 0.3% (+7.14) since 4 pm ET on Thursday. Twelve of 20 assets are trading higher. Leaders: UNI (+5.0%) and RENDER (+2.6%).

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2070.46, up 0.3% (+7.14) since 4 pm ET on Thursday. Twelve of 20 assets are trading higher. Leaders: UNI (+5.0%) and RENDER (+2.6%).

Immutable received a Wells Notice from the SEC, potentially due to the private sale of its token in 2021. The company stated that the Notice was sent just hours after its first interview with regulators. IMX has seen double-digit losses, declining over 13% following the announcement. IMX declined over 13% on Friday following Immutable's announcement that it received a Wells Notice from the Securities & Exchange Commission (SEC), presumably due to the private sale of its tokens in 2021. IMX declines as SEC serves Immutable Wells Notice Immutable, the company behind Layer-2 gaming blockchain Immutable X, announced in a blog post on Thursday that it received a Wells Notice from the SEC, likely due to its private sales of IMX tokens in 2021. This makes it the latest among a long list of crypto companies targeted by the SEC.

Immutable received a Wells Notice from the SEC, potentially due to the private sale of its token in 2021. The company stated that the Notice was sent just hours after its first interview with regulators. IMX has seen double-digit losses, declining over 13% following the announcement. IMX declined over 13% on Friday following Immutable's announcement that it received a Wells Notice from the Securities & Exchange Commission (SEC), presumably due to the private sale of its tokens in 2021. IMX declines as SEC serves Immutable Wells Notice Immutable, the company behind Layer-2 gaming blockchain Immutable X, announced in a blog post on Thursday that it received a Wells Notice from the SEC, likely due to its private sales of IMX tokens in 2021. This makes it the latest among a long list of crypto companies targeted by the SEC.

21Shares joins two other investment firms to submit a filing for an XRP ETF. Crypto community members share thoughts on potential approval of an XRP ETF, considering SEC's appeal against Judge Torres's Ripple ruling. The upcoming US presidential elections could be a major determinant of whether the ETF gets approved. 21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections. XRP gains more institutional attention with 21Shares ETF filing Investment firm 21Shares joined the list of companies seeking approval for a spot XRP ETF in the US after filing an S-1 registration statement for the products on Friday. The fund, known as the 21Shares Core XRP Trust, will track the spot price of XRP without granting investors direct access to the cryptocurrency. The Trust aims to list on the Cboe BZX Exchange and will be measured using the CME CF Ripple Benchmark. Additionally, it will be custodied on the Coinbase Custody Trust Company. 21Shares XRP ETF filing sees the firm join Bitwise and Canary Capital as the only asset managers seeking to launch institutional products for the cryptocurrency so far.

21Shares joins two other investment firms to submit a filing for an XRP ETF. Crypto community members share thoughts on potential approval of an XRP ETF, considering SEC's appeal against Judge Torres's Ripple ruling. The upcoming US presidential elections could be a major determinant of whether the ETF gets approved. 21Shares filed an S-1 registration with the Securities and Exchange Commission (SEC) on Friday for an XRP exchange-traded fund (ETF). While the chance of approval is slim with the current SEC administration, the landscape could change after the upcoming elections. XRP gains more institutional attention with 21Shares ETF filing Investment firm 21Shares joined the list of companies seeking approval for a spot XRP ETF in the US after filing an S-1 registration statement for the products on Friday. The fund, known as the 21Shares Core XRP Trust, will track the spot price of XRP without granting investors direct access to the cryptocurrency. The Trust aims to list on the Cboe BZX Exchange and will be measured using the CME CF Ripple Benchmark. Additionally, it will be custodied on the Coinbase Custody Trust Company. 21Shares XRP ETF filing sees the firm join Bitwise and Canary Capital as the only asset managers seeking to launch institutional products for the cryptocurrency so far.

Elliott Wave Analysis TradingLounge Vechain/ U.S. dollar(VETUSD) VET/USD Elliott Wave technical analysis Function: Counter trend. Mode: Corrective. Structure: Double Corrective. Position: Wave ((Y)). Direction next higher degrees: Wave II of Impulse. Wave cancel invalid level: Details: Wave II may not be complete, price is likely to be below 0.01781. Vechain/ U.S. dollar(VETUSD)Trading Strategy: The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete. Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish

Elliott Wave Analysis TradingLounge Vechain/ U.S. dollar(VETUSD) VET/USD Elliott Wave technical analysis Function: Counter trend. Mode: Corrective. Structure: Double Corrective. Position: Wave ((Y)). Direction next higher degrees: Wave II of Impulse. Wave cancel invalid level: Details: Wave II may not be complete, price is likely to be below 0.01781. Vechain/ U.S. dollar(VETUSD)Trading Strategy: The wave II correction is entering the late decline phase, so the overall picture is a short-term correction to continue up in wave III. Look for an opportunity to join the uptrend when the correction is complete. Vechain/ U.S. dollar(VETUSD)Technical Indicators: The price is below the MA200 indicating a downtrend, The Wave Oscillator is a Bearish