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1Bitget Daily Digest (Nov 13)|SEC Proposes "Token Taxonomy"; US House Passes Bill to End Government Shutdown; Trump Signs Temporary Funding Bill at 10:45am (UTC+8) 2Bitcoin’s 4-year cycle is broken, and this time, data proves it3Price predictions 11/12: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, LINK, BCH
Flash
- 01:10SEC and CFTC to Resume Operations Soon, Progress Expected for ETF Applications and Crypto Spot Leverage TradingChainCatcher news, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are about to resume operations after a 43-day government shutdown. According to the operational plans of both agencies, employees will return to work on the "next regular business day after the appropriations bill officially takes effect." During the government shutdown, both agencies drastically reduced staff, and business operations nearly came to a halt. The SEC's review capacity was severely limited, especially for the approval of exchange-traded funds (ETFs, including cryptocurrency-related ETFs), which essentially stalled. The CFTC "ceased most operations," including enforcement, market oversight, and regulatory rulemaking. After the government reopens, the SEC and CFTC will need some time to handle the backlog of matters, including registration applications submitted over the past 43 days. Some crypto companies, upon learning that the shutdown was about to end in its later stages, rushed to submit IPO and ETF applications. SEC Chairman Atkins recently revealed that the SEC plans to "establish a token taxonomy" in the coming months, anchored by the Howey Test. CFTC Acting Chair Pham stated that the commission has been pushing to approve leveraged spot cryptocurrency trading as early as December.
- 01:10Alert: Aftermath's X account has been compromised, please do not interact with it.ChainCatcher News: Sui official announced on the X platform that the X account of Sui ecosystem liquid staking protocol Aftermath has been compromised. Please do not interact with this account until the official recovery is completed.
- 00:59Canary Capital's spot XRP ETF reached a first-day trading volume of $58 million, marking the strongest ETF debut of the year.ChainCatcher reported that the spot XRP ETF (ticker XRPC) launched by Canary Capital was officially listed on Wall Street on Thursday, with a first-day trading volume reaching $58 million. According to Bloomberg ETF analyst Eric Balchunas, this marks the strongest first-day trading volume among nearly 900 newly issued ETFs this year, with $26 million traded in just the first hour. The previous record was held by Bitwise's Solana ETF (BSOL), which saw about $57 million traded on its first day. Another XRP ETF (XRPR) launched by REX Shares in September previously set the annual high at $37.7 million. Balchunas pointed out that the market performance of XRPC and BSOL is "far ahead," with the third-place ETF's first-day trading volume trailing by more than $20 million. Against the backdrop of overall market pressure, the price of XRP remained around $2.3 on Thursday.