XRP Price Surges on Fake ETF News

BlackRock Denies Plans for XRP ETF

Fake Filing Boosts XRP Price: A deceptive filing, mimicking BlackRock, falsely indicated an XRP ETF launch. This led to a temporary 12% increase in XRP's value, before clarification dropped it back to around 66 cents.

Filing Details and BlackRock's Denial: The misleading filing on Delaware's website resembled BlackRock's format, listing XRP like previous bitcoin and ether filings. However, a BlackRock spokesperson denied any association with this XRP ETF initiative.

Market Reaction to the Hoax: Noticed first by X users, the hoax filing momentarily inflated XRP's price. After exposure as a fake, the price realigned closer to its original value, according to Coingecko data. Read more.

📰 Crypto News

• ⭐️ Blackrock denies the authenticity of XRP ETF filing that made rounds on X causing XRP's price to briefly pump. Blackrock also added that it is not currently preparing to launch a spot XRP ETF.

• Bloomberg analyst James Seyffart points out that the deadline dates for 3 spot Bitcoin ETF applications are approaching. Seyffart believes the SEC will delay their decisions, but also believes there is a 90% chance of an approval by Jan 10, 2024.

• JPMorgan analysts believe an approval of a spot Bitcoin ETF will NOT lead to an influx of new capital into the cryptocurrency sector, rather just existing capital will move from current bitcoin products to the new ETF's.

• Binance US and SEC request for privacy in their legal case rejected by US judge.

• ⭐️ Starknet briefly halts for ~40 minutes as a bug prevented some transactions from being processed.

• ⭐️ Charles Hoskinson tweets, "I'm game if you are," to Kraken co-founder Jesse Powell in regards to Kraken seeking a partner to launch a layer 2 blockchain.

• OKX unveils X1, an Ethereum layer 2 built on Polygon's CDK.

• dYdX Chain Beta launches with limited capacity.

• LayerZero introduces ColorTrace a, "Decentralized algorithm to achieve globally consistent, economically feasible, fungible token coloring."

• Uniswap launches Uniswap mobile app on Android.

• Disney partners with Dapper Labs to create Disney Pinnacle, an NFT platform that aims to launch later this year.

• Reddit admins to renounce r/CryptoCurrency Moons $MOON token contract and burn over 30% of its total supply in a move to make the token completely decentralized.

• Ryan Wyatt, former Polygon Labs president; joins Optimism as Chief Growth Officer.

• Manny Pacquiao Foundation to use Shiba Inu's Shibarium blockchain for fundraising and operational activities.

• Opyn co-founders, Zubin Koticha and Alexis Gauba step down following regulatory action from the US CFTC.

• Group of Tornado Cash users file appeal in federal court following a ruling that added Tornado Cash to the US Treasury Department’s list of sanctioned entities.

• Aurelien Michel pleads guilty to an international scheme to defraud purchasers of “Mutant Ape Planet” NFTs through false promises and misrepresentations.

• Commerzbank, Germany’s fourth-largest bank; awarded a cryptocurrency custody license.

⚡ Alpha

• Vitalik publishes blog post regarding EVM validiums and the return of Plasma.

• ⭐️ Gitcoin Grants 19 live.

• Nocturne v1 is live on mainnet. Nocturne is a protocol enabling private accounts on Ethereum that previously raised $6M.

• Linea Voyage wave 2 is live on Intract.

• Arbitrum Odyssey Reignited week 6 is live featuring Treasure and BattleFly.

• Chainflip phase 3 of the Incentivised Launch Season Sprint campaign is live on Galxe.

• WalletGuard launches free limited edition Wallet Guard x Nyan Cat NFT.

• The Crown of Stark NFT minting is live. Users who completed and collected all four Gemstone NFT's from Starknet Quest are eligible to mint.

• TrustGo adds support for Base and launches a Base X Trustalabs Memorial quest on Galxe.

🪂 Airdrops

• Alpha Insiders posts Etherfi and EigenLayer airdrop strategy on X.

• Alpha Insiders posts Aevo airdrop strategy on X.

• Chase posts Merkle Trade airdrop strategy on X.

📰 Finance News

• JPMorgan Onyx, Apollo Global Management alongside Axelar, Oasis Pro and Provenance collaborate to demonstrate how blockchain technology can manage large-scale client portfolios and more.

• 35+ venture capital firms sign the voluntary Responsible AI commitments from Responsible Innovation Labs (RIL)

• US Senate prepares spending bill to avert partial government shutdown as funding runs out on Friday.

• US CPI inflation at 3.2% for October, lower than expected.

🛡 Security and Exploits

• Unciphered LLC publicly discloses vulnerabilities in BitcoinJS-based wallets generated between 2011 and 2016. Affected users are advised to migrate to a new wallet immediately.

• Poloniex Exchange to resume full services once audit is complete following recent hack.

• MetaMask advises users to update their MetaMask mobile app to version 7.10.0 as it fixes a bug that causes some transactions to not execute as expected.

• Rainbow partners with Blockaid to provide users with an extra layer of security in the Rainbow mobile app.

• ⭐️ CertiK discovers bootloader vulnerability in the Solana Phone that can allow an attacker to transfer assets within a minute of obtaining the phone.

• ZachXBT warns that @ GROKERC20 $GROK was created by a scammer.

• Lendora Protocol website goes offline and pauses contracts after ZachXBT warns that the team was responsible for multiple scams.

• Phalcon by BlockSec launches Phalcon Block, a cryptocurrency hack blocking system.

• Arkham launches Bug Bounty Program on Immunefi.

Token Unlocks

• Flow / 2.6M $FLOW / ~$1.77M / 15 NOV
• ApeCoin / 15.6M $APE / ~$22.31M / 16 NOV
• Oasis Network / 196M $ROSE / ~$13.89M / 18 NOV

💰 Funding

• Uniblock, a unified developer platform; raises $2.3M in funding.

• Beoble, a chat solution for Web3; raises $2M in pre-Seed funding.

• EthXY, an MMORPG built on top of Telegram; raises $1.6M in pre-Seed funding.

• Kakarot, a zkEVM written in Cairo; raises an undisclosed amount in Seed funding.

• Sei raises an undisclosed amount from Circle Ventures.

• Arkham raises an undisclosed amount from Binance Labs.

🌾 The Degen Farmer

That's it for today's dose! See you soon.