Excitement surged at Ripple’s Swell conference in New York as Steven McClurg, CEO of Canary Capital, announced plans to launch the first-ever XRP Exchange-Traded Fund (ETF) next week. If approved, XRP will join Bitcoin and Ethereum as one of the few cryptocurrencies with a U.S. spot ETF — a historic moment for Ripple and the broader crypto industry.

McClurg highlighted that the XRP Ledger (XRPL) is now competing directly with Wall Street’s financial infrastructure. He described it as modern “financial rails” capable of transforming cross-border payments and slashing global remittance fees from as high as 15% to near zero. The move underscores Ripple’s mission to make payments faster and more affordable worldwide.

Canary Capital’s fast-track filing under new SEC rules could see the ETF go live by November 13, even amid potential government delays. With analysts predicting up to $10 billion in inflows, experts say XRP’s entry into the ETF market could redefine crypto investing in 2025.

Japanese tech giant Metaplanet has withdrawn $100 million from its new $500 million credit line to buy more Bitcoin, reinforcing its reputation as “Asia’s MicroStrategy.” While most corporations are cutting exposure as Bitcoin dips below $100,000, Metaplanet is betting big on a crypto rebound.

The company confirmed the loan is fully backed by existing Bitcoin reserves and will be used to expand its long-term accumulation strategy. It also plans to grow its Bitcoin Income Generation initiative, which includes selling cash-secured put options and launching a $500 million share repurchase program to boost shareholder value.

Part of its ambitious “555 Million Plan,” Metaplanet aims to hold 210,000 BTC by 2027 — nearly 1% of Bitcoin’s total supply. Having already surpassed its 2025 target with 30,823 BTC, the firm now ranks as the fourth-largest corporate Bitcoin holder globally, solidifying its position as Asia’s strongest Bitcoin backer amid a cautious market.

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The international Bitcoin ecosystem just got another major player.

FUTURE (Future Holdings AG), a self-described “Bitcoin Treasury Company,” has raised CHF 28 million in a new funding round backed by some of Bitcoin’s best-known institutional investors. CHF 28 million is over $34 million.

The Zurich-based firm says it wants to become Europe’s leading Bitcoin treasury platform — a kind of institutional bridge connecting Bitcoin with global capital markets.

The round was anchored by Fulgur Ventures, Nakamoto, and TOBAM, three firms deeply tied to both traditional finance and Bitcoin investing.

Led by a heavyweight team from the worlds of venture capital, fintech,…

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This month, a remarkable Bitcoin-focused artwork will grace one of the art world’s most prestigious stages. Block 1 from Robert Alice’s Portraits of a Mind series is set to be auctioned in Sotheby’s Now & Contemporary Evening Sale on November 18, carrying an estimate of $600,000 to $800,000. 

Robert Alice, Portraits of a Mind, 2019. Credit: Theo Cristelis 

This event is where marquee works by renowned artists like Yves Klein or Jean-Michel Basquiat appear, so the inclusion of Block 1 signals an important moment for Bitcoin’s cultural presence. The auction will be held at The Breuer Building — once the home of the Whitney Museum of American Art and now Sotheby’s…

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Well, the bitcoin price bleeding just doesn’t stop. Bitcoin price just tumbled below $100,000 for the first time since June, marking a fresh low in a rough stretch for the world’s leading cryptocurrency. 

Bitcoin’s price hit $99,913 but rebounded to $100,575 — at time of writing.

The bitcoin price slide comes as investors flee risk assets and macro headwinds mount.

The cryptocurrency dropped more than 5% early Tuesday, briefly testing levels not seen in months. Traders watched nervously as the coin broke below key technical support around $104,000. That move yesterday fueled concerns that further losses could be imminent.

Spot Bitcoin ETFs have seen a wave of…

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Sequans Communications S.A. (NYSE: SQNS) sold 970 Bitcoin to redeem 50% of its July convertible debt. The move reduced total debt from $189 million to $94.5 million.

The company’s Bitcoin treasury now stands at 2,264 BTC, worth about $240 million. This lowers Sequans’ debt-to-net-asset-value ratio from 55% to 39%. The sale frees up capital and boosts flexibility for the company’s ADS buyback program.

Sequans is the first publicly listed Bitcoin treasury company to offload a significant portion of its holdings. The transaction does not change the company’s long-term Bitcoin strategy, the company said. 

The Paris-based IoT semiconductor provider will continue to pursue…

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