US GOV Re-Opens! XRP Up as ETF Launches! VISA Launch USDC Pilot!

US GOV reopens! XRP Up as ETF Launches! VISA Launches USDC Pilot!

Crypto majors traded lower, with most down 1-2% before recovering on news of the Ugandan government reopening. Bitcoin (BTC) fell 2% to $103,200, Ethereum (ETH) slipped 1% to $3,500, Binance Coin (BNB) lost 1% to $966, and Solana (SOL) decreased 2% to $157. XRP stood out, gaining 2% on the day and 9% on the week before its ETF launch. Among the first moves, AB surges 30%, while ZEC and QNT have 8% and 7%, respectively. In macro and policy, the White House press secretary remarked that the October CPI data “may never come”, sparking market chatter. The Crypto Fear & Greed Index reached 15 (Extreme Fear) last night – its lowest since March 4, 2025. FanDuel announced a partnership with CME to launch a market prediction platform called FanDuel Predicts, while the US Department of Justice created a Crypto Scam Strike Force with the FBI and the Secret Service to combat “pig-butchering” in organized crime networks. Coinbase revealed plans to leave Delaware and reincorporate in Texas, citing a friendlier regulatory environment and stronger governance protections. Meanwhile, the chairman of the SEC, Paul Atkins, clarified that network tokens and digital collections are not considered securities, unless the investor’s profit expectations depend on the management efforts of third parties. Visa has launched a pilot to pay creators and gig workers in USDC, allowing fiat-funded payments to be established on stablecoin rails before a wider launch in 2026. Separately, Arthur Hayes advised Zcash holders to withdraw ZEC from protected wallet exchanges amid concerns of high volatility and liquidity.