According to Odaily Planet Daily, OKX market data shows that BTC rebounded and broke through 108,000 USDT, currently trading at 108,002.9 USDT, with the 24-hour gain narrowing to 2.09%. (This news item was generated with AI assistance.)

According to an article by crypto journalist Eleanor Terrett, Odaily reports that Canary Capital has submitted an updated S-1 form for its XRP spot ETF, removing the "delayed amendment clause" that prevented automatic registration and handing control of the timeline to the SEC. Assuming Nasdaq approves the Form 8-A application, Canary's XRP ETF will officially launch on November 13th. Note: The reopening of the government may affect the timeline; if the application is complete and the SEC is satisfied, the timeline may be shortened; if staff raise further concerns, the timeline may be delayed. However, it is worth noting that the SEC Chairman himself seems to support companies utilizing the automatic registration mechanism. While not directly commenting on the ETF launch, Paul Satkins stated yesterday that he was pleased to see companies like MapLight using the 20-day statutory waiting period to list during the government shutdown and praised Bitwise and Canary for using the same legal mechanism when launching their SOL, HBAR, and LTC ETFs this week.

According to Odaily Planet Daily, Eddie Zhang, president of decentralized exchange DYdX, stated that the company plans to enter the US market by the end of 2025 and launch spot cryptocurrency trading, including assets such as Solana, in addition to its existing perpetual contract trading. Zhang mentioned that the increasingly favorable regulatory environment in the US is a key reason for this move. Recently, the US SEC and CFTC have also indicated they will consider including perpetual contracts in US domestic trading.

According to an Odaily report, JPMorgan analysts stated that Circle's USDC stablecoin has surpassed Tether's USDT in terms of on-chain activity and market capitalization growth. Since January of this year, USDC's market capitalization has increased from approximately $43 billion to approximately $74 billion, a 72% increase, significantly higher than USDT's 32% growth during the same period. Analysts pointed out that USDC's growth is attributed to a clearer regulatory framework, transparent reserve management, regular audits, and compliance advantages under the European MiCA regulations, along with increasing institutional adoption. In contrast, USDT, which lacks MiCA authorization, has faced delisting from exchanges in Europe, while USDC has driven on-chain settlements and merchant payments through integration with payment networks such as Visa, Mastercard, and Stripe. Furthermore, increased decentralized finance activity on blockchains such as Solana and Base, and Circle's Cross-Chain Transfer Protocol (CCTP) supporting secure cross-chain transfers, have also contributed to its growth.

According to a recent report by Odaily, Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, predicts that the total market capitalization of tokenized real-world assets (RWAs), excluding stablecoins, will surge from approximately $35 billion currently to $2 trillion by the end of 2028, an increase of about 56 times. He expects "most of the on-chain activity" to occur on Ethereum due to its long-term stability and network effects. The report points out that the adoption of stablecoins paves the way for the on-chaining of other asset classes, including money market funds (MMFs) and stocks.