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Cryptocurrency ETF Circle 24-Hour Hotspot: XRP Storm and BTC Recovery

In the past 24 hours, the crypto ETF market has welcomed an XRP frenzy, with Bitwise's XRP ETF officially launching on the NYSE, marking the debut of over $2 million in seed funding on its first day, signifying the birth of the first domestic XRP spot ETF in the United States.
Following Canary Capital's XRPC raising $250 million on its first day, setting a new high for 2025, products from Grayscale and Franklin Templeton's XRP are also gearing up, expected to collectively list on November 24.
The discussion on platform X is ongoing, stating, "This is a huge benefit for XRP," while ChadSteingraber excitedly remarks, "Market opens at 9:30, we are taking off!"
Despite the XRP price dropping to $2.04, down 8.5%, analysts are optimistic about inflows of $400 million to $800 million in the first year, pushing it to rebirth from regulatory quagmire.
The Bitcoin ETF is experiencing a turnaround, ending a 5-day trend of net outflows of $225 million, with a recorded net inflow of $75.4 million yesterday, led by BlackRock's IBIT.
BTC holds the $89,500 mark, with HHorsley revealing a company valued over $1 billion distributing over 1% of its Bitcoin to its balance sheet through BITB, highlighting institutional mainstreaming.
Solana ETF has accumulated inflows of $420 million, with European players like 21Shares and Hashdex increasing their ETP layouts.
After the SEC's closure, the ETF season restarts, with Bitwise's CIO predicting over 100 new products to emerge in 2026.
Market panic still persists, but the explosion of XRP ETF may ignite the revival of altcoins; investors need to be cautious of volatility and pay attention to support levels and regulatory signals. Opportunities lie in panic, focusing on practical assets like RWA.

Cryptocurrency Market Highlights 24 Hours: Volatility Poised for Takeoff

The crypto market experienced dramatic fluctuations over the past 24 hours. Total market capitalization dipped slightly by 0.2% to $3.22 trillion, while trading volume surged 16.27% to $184.9 billion, indicating continued active trading.

Bitcoin (BTC) prices plummeted 2.4%, sliding from the $92,500 mark to around $86,000, erasing the brief rebound from yesterday's Nvidia earnings report.

The market's fear index soared into the "extreme fear" zone, and the SuperTrend indicator issued a bearish signal. Analysts warned that if the $85,700 support level is breached, the next target could be $82,000.

Bitcoin ETFs saw net outflows for the third consecutive week, with BlackRock and Grayscale selling over $40 million in total, indicating a significant weakening of institutional buying.

Meanwhile, Layer-2 solutions bucked the trend, with Starknet surging 17.49% and zkSync soaring 15.23%, contributing to a total gain of 0.52%, highlighting the resilience of the Ethereum ecosystem.

Exchange activity was high: Kraken secretly filed for a US IPO with a valuation of $20 billion, following the industry's listing wave; Ripio disclosed $100 million in crypto reserves, becoming the second-largest holder in Latin America.

On the regulatory front, the Brazilian central bank tightened oversight of crypto companies, Hong Kong issued "digital-native" bonds to strengthen its blockchain ambitions, and the Japanese FSA approved a pilot program for a yen-denominated stablecoin.

On the X platform, there was heated discussion about the BTC downturn. CryptoWizardd stated that "BTC dominance is about to collapse, which is good for altcoins," while cryptorover optimistically pointed out that monetary easing in the US and China would boost assets.

Overall, short-term pressure exists, but the long-term outlook is positive. A billionaire investor warned that $90,000 may be the last entry point.

The ETF boom in 2026 may reignite enthusiasm; investors should wait for bottoming signals and embrace practical projects such as RWA and DePIN. The market is like a roller coaster; those holding positions need to be cautious, as opportunities always quietly emerge amidst panic.

Binance 24-Hour Highlights: Trading Volume Declines and Regulatory Hopes

In the past 24 hours, Binance's spot trading volume was $18.14 billion, down 38.35%, while futures trading reached $78.09 billion. Open interest decreased slightly by 0.95% to $28 billion, indicating a clear outflow of funds, dragged down by BTC falling below $95,000.

Despite market pressure, BNB held steady above $920, up 0.73%, benefiting from ecosystem upgrades. The opBNB testnet Fourier hard fork has been launched, and users need to upgrade their nodes before November 6th.

Major news items: President Trump pardoned founder CZ, just two years after his 2023 money laundering conviction. This move may reshape Binance's global image, with X platform discussing the "end of the regulatory winter."

Binance obtained 21 global licenses from the Central Bank of Brazil, expanding into Latin America after acquiring brokerages; simultaneously, it supported the Optimism network upgrade on January 10th, suspending OP deposits and withdrawals.

BNB Chain launches OM airdrop; holders of BNSOL or staking SOL will receive rewards in January. The new coin BIO is scheduled to launch on January 3rd, including flexible earning and automatic investment.

On X, Cryptosniper804 is recommending a long position in APR/USDT with a target of $0.305; greenhreart37 reports a 58% profit on NIL/USDT.

Analysts are bullish on BNB breaking $1300 by 2025; institutional inflows into ETFs may boost trading activity.

Short-term volatility is increasing; investors should pay attention to support levels and consider investing in compliant modular blockchain assets such as RWA. Binance is undergoing a phoenix-like rebirth; opportunities lie hidden in fear.

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