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XRP Price Surges on Fake ETF News
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/393aef41-e50d-40c9-86e1-481a13a65a73/blackrock.jpg?t=1701262299)
BlackRock Denies Plans for XRP ETF
Fake Filing Boosts XRP Price: A deceptive filing, mimicking BlackRock, falsely indicated an XRP ETF launch. This led to a temporary 12% increase in XRP's value, before clarification dropped it back to around 66 cents.
Filing Details and BlackRock's Denial: The misleading filing on Delaware's website resembled BlackRock's format, listing XRP like previous bitcoin and ether filings. However, a BlackRock spokesperson denied any association with this XRP ETF initiative.
Market Reaction to the Hoax: Noticed first by X users, the hoax filing momentarily inflated XRP's price. After exposure as a fake, the price realigned closer to its original value, according to Coingecko data. Read more.
☕️ On today's Top Picks:
- 🛑 Starknet briefly halts for ~40 minutes.
- 🦑 Charles Hoskinson tweets to Kraken co-founder Jesse Powell.
- 💸 Gitcoin Grants 19 live.
- 🦠 CertiK discovers bootloader vulnerability in the Solana Phone.
Read time: ⏰ 9 minutes
📰 Crypto News
• ⭐️ Blackrock denies the authenticity of XRP ETF filing that made rounds on X causing XRP's price to briefly pump. Blackrock also added that it is not currently preparing to launch a spot XRP ETF.
• Bloomberg analyst James Seyffart points out that the deadline dates for 3 spot Bitcoin ETF applications are approaching. Seyffart believes the SEC will delay their decisions, but also believes there is a 90% chance of an approval by Jan 10, 2024.
• JPMorgan analysts believe an approval of a spot Bitcoin ETF will NOT lead to an influx of new capital into the cryptocurrency sector, rather just existing capital will move from current bitcoin products to the new ETF's.
• Binance US and SEC request for privacy in their legal case rejected by US judge.
• ⭐️ Starknet briefly halts for ~40 minutes as a bug prevented some transactions from being processed.
• ⭐️ Charles Hoskinson tweets, "I'm game if you are," to Kraken co-founder Jesse Powell in regards to Kraken seeking a partner to launch a layer 2 blockchain.
• OKX unveils X1, an Ethereum layer 2 built on Polygon's CDK.
• dYdX Chain Beta launches with limited capacity.
• LayerZero introduces ColorTrace a, "Decentralized algorithm to achieve globally consistent, economically feasible, fungible token coloring."
• Uniswap launches Uniswap mobile app on Android.
• Disney partners with Dapper Labs to create Disney Pinnacle, an NFT platform that aims to launch later this year.
• Reddit admins to renounce r/CryptoCurrency Moons $MOON token contract and burn over 30% of its total supply in a move to make the token completely decentralized.
• Ryan Wyatt, former Polygon Labs president; joins Optimism as Chief Growth Officer.
• Manny Pacquiao Foundation to use Shiba Inu's Shibarium blockchain for fundraising and operational activities.
• Opyn co-founders, Zubin Koticha and Alexis Gauba step down following regulatory action from the US CFTC.
• Group of Tornado Cash users file appeal in federal court following a ruling that added Tornado Cash to the US Treasury Department’s list of sanctioned entities.
• Aurelien Michel pleads guilty to an international scheme to defraud purchasers of “Mutant Ape Planet” NFTs through false promises and misrepresentations.
• Commerzbank, Germany’s fourth-largest bank; awarded a cryptocurrency custody license.
⚡ Alpha
• Vitalik publishes blog post regarding EVM validiums and the return of Plasma.
• ⭐️ Gitcoin Grants 19 live.
• Nocturne v1 is live on mainnet. Nocturne is a protocol enabling private accounts on Ethereum that previously raised $6M.
• Linea Voyage wave 2 is live on Intract.
• Arbitrum Odyssey Reignited week 6 is live featuring Treasure and BattleFly.
• Chainflip phase 3 of the Incentivised Launch Season Sprint campaign is live on Galxe.
• WalletGuard launches free limited edition Wallet Guard x Nyan Cat NFT.
• The Crown of Stark NFT minting is live. Users who completed and collected all four Gemstone NFT's from Starknet Quest are eligible to mint.
• TrustGo adds support for Base and launches a Base X Trustalabs Memorial quest on Galxe.
🪂 Airdrops
• Alpha Insiders posts Etherfi and EigenLayer airdrop strategy on X.
• Alpha Insiders posts Aevo airdrop strategy on X.
• Chase posts Merkle Trade airdrop strategy on X.
📰 Finance News
• JPMorgan Onyx, Apollo Global Management alongside Axelar, Oasis Pro and Provenance collaborate to demonstrate how blockchain technology can manage large-scale client portfolios and more.
• 35+ venture capital firms sign the voluntary Responsible AI commitments from Responsible Innovation Labs (RIL)
• US Senate prepares spending bill to avert partial government shutdown as funding runs out on Friday.
• US CPI inflation at 3.2% for October, lower than expected.
🛡 Security and Exploits
• Unciphered LLC publicly discloses vulnerabilities in BitcoinJS-based wallets generated between 2011 and 2016. Affected users are advised to migrate to a new wallet immediately.
• Poloniex Exchange to resume full services once audit is complete following recent hack.
• MetaMask advises users to update their MetaMask mobile app to version 7.10.0 as it fixes a bug that causes some transactions to not execute as expected.
• Rainbow partners with Blockaid to provide users with an extra layer of security in the Rainbow mobile app.
• ⭐️ CertiK discovers bootloader vulnerability in the Solana Phone that can allow an attacker to transfer assets within a minute of obtaining the phone.
• ZachXBT warns that @ GROKERC20 $GROK was created by a scammer.
• Lendora Protocol website goes offline and pauses contracts after ZachXBT warns that the team was responsible for multiple scams.
• Phalcon by BlockSec launches Phalcon Block, a cryptocurrency hack blocking system.
• Arkham launches Bug Bounty Program on Immunefi.
Token Unlocks![](https://abs-0.twimg.com/emoji/v2/svg/1fa99.svg)
• Flow / 2.6M $FLOW / ~$1.77M / 15 NOV
• ApeCoin / 15.6M $APE / ~$22.31M / 16 NOV
• Oasis Network / 196M $ROSE / ~$13.89M / 18 NOV
💰 Funding
• Uniblock, a unified developer platform; raises $2.3M in funding.
• Beoble, a chat solution for Web3; raises $2M in pre-Seed funding.
• EthXY, an MMORPG built on top of Telegram; raises $1.6M in pre-Seed funding.
• Kakarot, a zkEVM written in Cairo; raises an undisclosed amount in Seed funding.
• Sei raises an undisclosed amount from Circle Ventures.
• Arkham raises an undisclosed amount from Binance Labs.
🌾 The Degen Farmer
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | STEURUSDC | 31.06% |
![]() | USDCMAI | 27.43% |
![]() | DOLAUSDC | 25.21% |
![]() | USDC | 24.57% |
![]() | USDT | 19.62% |
![]() | AGEURUSDCLP | 18.76% |
![]() | GDAI | 18.53% |
![]() | FRAX | 16.27% |
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That's it for today's dose! See you soon.
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