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Quick Take Summary is AI generated, newsroom reviewed. SEC decision on XRP ETF arrives today. Approval could boost XRP prices and attract institutional investors. Rejection may delay regulated crypto ETFs but allow future revisions. Spot ETFs offer a simpler, regulated way to invest in XRP.References TODAY MARKS THE SEC'S DEADLINE TO APPROVE GRAYSCALE's SPOT #XRP ETF!
Quick Take Summary is AI generated, newsroom reviewed. BlackRock clients offloaded $146.1M in ETH, suggesting a potential institutional rebalancing or profit-taking. The move comes as Bitcoin continues to show stronger performance and attract substantial institutional ETF inflows. BlackRock's overall crypto exposure remains heavily dominated by its Bitcoin holdings, which exceed $100 billion. The selloff is seen as a short-term reallocation, reflecting institutional preference for Bitcoin during market unc
- 13:04Bloomberg: Crypto mining companies riding the AI boom are gradually abandoning BitcoinOn October 18, according to Bloomberg, the stocks of large computing companies that support the operation of bitcoin have once again outperformed bitcoin itself, as more companies shift to hybrid models centered on artificial intelligence and high-performance computing. These companies were initially referred to as "mining companies," a term derived from the analogy between the process of creating bitcoin and traditional precious metal (such as gold) mining. However, they have long been affected by bitcoin price fluctuations. Two years ago, the industry benefited from the early stages of the AI boom, but in the following year, as mining profits declined and competition intensified, their stock prices fell again.
- 12:32Musk responds to ISS recommending Tesla shareholders reject his trillion-dollar compensation plan: "They are corporate terrorists"Jinse Finance reported that Institutional Shareholders Services (ISS) has advised Tesla shareholders to reject Elon Musk's trillion-dollar compensation package. Musk responded on X, saying: "They are corporate terrorists." Earlier, in another post, Musk deliberately wrote ISS as ISIS and said: "Wow, I can't believe ISIS actually voted against me."
- 12:22Four.Meme to launch token name protection feature to prevent duplicate creation and confusionForesight News reports that the Meme platform Four.Meme has announced the launch of a "Token Name Protection" feature to enhance fairness and prevent project name confusion. This mechanism will automatically trigger protection when a token is in the Fair Mode bonding curve stage and the number of holders exceeds 100. Once triggered, the token's name and ticker will be locked for 72 hours, during which no new Fair Mode tokens with the same or similar names can be created. The system also cross-checks between Free Mode and Fair Mode to ensure that duplicate naming is not possible across both modes. According to the official statement, this move aims to maintain a cleaner and more transparent Meme creation environment, ensuring each project has a unique identity. Currently, this feature is still in the testing and optimization phase.