The "whale" that had won 14 times in a row fell on its 15th, closing out its ZEC short position and incurring another loss of $380,000.

The post Tom Lee’s Bitmine Snaps up More ETH, Expands Crypto War Chest to $13.2B appeared on BitcoinEthereumNews.com. Bitmine Immersion Technologies says its total crypto and cash reserves have reached $13.2 billion after ramping up its ethereum stash to 3.5 million tokens. Bitmine Boosts ETH Treasury by 110K Tokens, Adds $398M in Cash Bitmine Immersion Technologies (NYSE American: BMNR) revealed on Nov. 10 that it now holds 3,505,723 ethereum ( ETH) valued at […] Source: https://news.bitcoin.com/tom-lees-bitmine-snaps-up-more-eth-expands-crypto-war-chest-to-13-2b/

The crypto industry is approaching a major milestone as the market anticipates the potential approval of an XRP Spot ETF in the United States (US). Analysts suggest that recent developments regarding the US Securities and Exchange Commission’s (SEC) review could deliver the final nail in the coffin for XRP. With ETF filings still awaiting approval, the market is watching closely, as a green light could pave the way to greater mainstream adoption and institutional investment in XRP.  XRP ETF To Become Game-Changer For The Market Nate Geraci, President of NovaDius Wealth Management and co-founder of The ETF Institute, recently stated on X social media that the first Spot XRP ETF could launch within the next two weeks. He described this event as the “final nail in the coffin” for the previous wave of anti-crypto regulators.  Related Reading: Analyst Predicts XRP Price Will Decouple From Bitcoin, Here’s What Would Happen Notably, the US SEC had been involved in litigation against Ripple for five years, which concluded about three months ago. Geraci believes that the approval of a Spot XRP ETF represents a significant step forward for not only XRP but also the broader cryptocurrency industry.  The temporary delay caused by the US government shutdown, which started in October, has pushed back XRP ETF approvals. However, new reports of bipartisan efforts to reopen government operations have reignited expectations of an ETF. Geraci pointed out in a subsequent X post that the end of the government shutdown could unleash a wave of crypto ETF launches, with a 33 Act spot XRP ETF likely coming this week. Recently, the US Depository Trust & Clearing Corporation (DTCC) listed nine new Spot XRP ETFs on its platform, increasing expectations of a launch this November. The list includes XRP ETFs from top asset managers such as Bitwise, Franklin Templeton, Canary Capital, Volatility Shares, CoinShares, T-Rex Osprey, 21Shares, and many others.  ETF Filing Amendment Brings Launch Closer Than Ever Further evidence that an XRP ETF may be imminent comes from recent filing updates by leading issuers. Eric Balchunas, senior ETF analyst at Bloomberg, reported that 21Shares has submitted an 8(a) form with the US SEC on November 7 for its spot XRP ETF. The new changes in the filing officially activate a 20-day countdown for the approval and launch of an XRP ETF by November 27.  Related Reading: Rare Chart Formation That Led To An 87% XRP Price Crash Has Resurfaced Crypto commentator John Squire also noted that if the US SEC does not take action within the allotted period, the approval would automatically proceed. Similarly, multiple issuers, including Canary Capital, have also withdrawn “delaying amendments,” triggering the same 20-day automatic approval countdown.  Notably, these filings suggest that the market is moving closer to a regulatory green light for XRP ETFs. Amid recent developments, Squire has pointed out that the US has never been this close to fully approving an XRP ETF. Should the SEC give its authorization, it could significantly transform trading volume, liquidity, and institutional participation in the market. It would also expand the current major ETF offerings beyond just Bitcoin and Ethereum. Featured image from Peakpx, chart from Tradingview.com

The post EToro (ETOR) Third-Quarter Results Top Estimates on Crypto Trading Strength, KBW Says appeared on BitcoinEthereumNews.com. EToro’s (ETOR) third-quarter earnings topped expectations as stronger crypto trading activity lifted results, investment bank KBW said. Net income rose 48% from a year earlier to $57 million, according to the company’s GAAP results. Adjusted Ebitda grew 43% to $78 million, largely due to increased net contribution and disciplined cost management, the company said Monday. Adjusted Ebitda of $78 million exceeded KBW’s $70 million estimate and the $70.6 million consensus, while GAAP net income of $57 million was also ahead of forecasts, the bank said. Shares of the company rose as much as 3.2% in early trading before falling back. They were recently 0.1% lower at $34.83. KBW analysts said the $0.07 per-share Ebitda beat came from a $0.06 boost in total net contribution and a $0.01 reduction in operating expenses. Crypto trading revenue and net interest income topped expectations by $0.16 and $0.07 respectively, the report noted, offsetting a $0.17 shortfall in equities, commodities and currencies. EToro’s total net contribution rose to $215 million, above KBW’s $208 million forecast, driven by $56 million in crypto trading versus expectations for $36.3 million. The company ended the quarter with 3.73 million funded accounts, up from 3.63 million the prior quarter and slightly above KBW’s 3.7 million estimate. Assets under administration climbed to $20.8 billion from $17.5 billion. EToro also unveiled a $150 million share repurchase program, including plans for a $50 million accelerated buyback, the report added. Read more: Crypto Trading Drove Over 90% of eToro’s Second Quarter Revenue Source: https://www.coindesk.com/business/2025/11/10/etoro-third-quarter-results-top-estimates-on-crypto-trading-strength-kbw-says