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[Bloomberg analyst: Canary has filed its 8A filing for an XRP ETF, which may list tomorrow or Thursday]
Eric Balchunas, senior ETF analyst at Bloomberg, wrote on the X platform that Canary submitted its 8A filing for the XRP ETF last night, meaning the ETF could potentially list tomorrow or Thursday (today is a holiday). Thursday was originally our expected launch date, but they launched the following day after submitting their 8A filing to HBAR. While not a done deal, all conditions have been met.
Coinbase abandons plans to acquire stablecoin startup BVNK for $2 billion.
According to The Block, Coinbase has abandoned its plans to acquire UK stablecoin infrastructure company BVNK, ending previously progressing negotiations for a potential $2 billion takeover. A Coinbase spokesperson stated, "After discussing the possibility of acquiring BVNK, both parties agreed not to pursue the matter further."
In early October, both Coinbase and Mastercard considered bidding for BVNK. It was reported that the exchange had reached an exclusive agreement with Mastercard, but the negotiations eventually broke down.
Arthur Hayes purchases 28,670 UNI tokens again after three years.
According to Lookonchain, after a three-year hiatus, Arthur Hayes has once again purchased 28,670 UNI tokens (approximately $244,000).
The U.S. Senate Agriculture Committee will hold a hearing next week on the nomination of the CFTC chairman.
According to crypto journalist Eleanor Terrett, with the U.S. government expected to resume operations next week, the Senate Agriculture Committee has scheduled a hearing next Wednesday (November 19 local time) on the nomination of Mike Selig to be chairman of the U.S. Commodity Futures Trading Commission (CFTC).
TD Cowen predicts Strategy will acquire 6,720 bitcoins through STRE funding.
TD Cowen analysts predict that Strategy's $715 million raised through its initial public offering (IPO) of euro-denominated preferred shares (STRE) will be used to purchase approximately 6,720 bitcoins at an average price of around $104,500. The company currently holds 641,692 bitcoins (approximately $67 billion) and continues to expand its bitcoin reserves through various preferred share financing models. Analysts maintain their year-end benchmark price forecast for bitcoin at $141,277, while setting optimistic scenarios at $160,000 and pessimistic scenarios at $60,000. Strategy expects bitcoin yields to approach a 30% annual target by 2025.
Cryptocurrency trading protocol Lighter raises $68 million, led by Founders Fund and others.
Cryptocurrency trading protocol Lighter announced the completion of a $68 million funding round, led by Founders Fund, with participation from Haun Ventures and Robinhood, among others. This round of funding brings Lighter's company valuation to $1.5 billion.
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