What happened last night...Cryptocurrency morning news for October 10th

1. Canary Capital Submits XRP Spot ETF Application to US SEC Asset management firm Canary Capital has applied to the US Securities and Exchange Commission (SEC) for an XRP (XRP) physical exchange-traded fund (ETF), following Bitwise's earlier application. The XRP physical ETF that Canary Capital has applied for is designed to track the real-time XRP spot price on the Chicago Mercantile Exchange (CME), allowing investors to indirectly invest in XRP through the ETF instead of directly purchasing the asset. 2. Two Renowned Economists: "Buterin May Become a Nobel Economics Prize Candidate" Renowned economics professors Tyler Cowen and Alex Tabarrok claimed in a YouTube podcast 'Marginal Revolution' on the 10th that Vitalik Buterin, the founder of Ethereum, may be nominated as a candidate for the Nobel Economics Prize scheduled for the 14th of this month, based on his achievements in building the Ethereum ecosystem. Cowen and Tabarrok explained that Buterin has proven new economic theories and made contributions to monetary economics through Ethereum. 3. US SEC Charges 3 More Crypto Firms The SEC charged cryptocurrency firms ZM Quant, Gorbit, and CLS Global, as well as 9 associated individuals, with market manipulation on the 9th. The SEC alleged that the 3 crypto firms and 9 individuals manipulated the market through promoters, causing investor harm. 4. Standard Chartered Bank: "Ethereum to Reach at Least $7,000 Next Year" Global bank Standard Chartered claimed in its own report on the 9th that the price of Ethereum (ETH) will exceed twice the current level. Standard Chartered said that if Trump wins the US presidential election, Ethereum's price could reach $10,000 per coin, while if the Harris administration takes office, Ethereum could reach $7,000 per coin. The bank had previously projected Ethereum could reach $14,000 next year, but has now revised down this forecast. 5. ECB: "Stablecoins Not a Safe Haven from US Economic Crises" The European Central Bank (ECB) argued in a report released on the 9th that stablecoins cannot be a safe haven from US economic crises, due to their correlation with the US dollar. The ECB explained that stablecoins are highly vulnerable to shocks occurring in US financial markets, as their prices are pegged to the dollar. 6. Taiwan FSC Hints at Possibility of Banks Custodying Cryptocurrencies Next Year Taiwan's Financial Supervisory Commission (FSC) revealed that it is considering allowing domestic banks to provide cryptocurrency custody services on a trial basis next year. According to local media CNA, the FSC is moving forward with establishing an integrated cryptocurrency regulatory framework by the end of this year, and 3 banks have already expressed interest in participating in the trial custody service.