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What the Government Shutdown Means for Pending Crypto ETFs

The current partial government shutdown is causing delays in the U.S. Securities and Exchange Commission's (SEC) review of pending cryptocurrency exchange-traded funds (ETFs). During the shutdown, the SEC announced that it would not review or approve applications for these financial products, which includes over 90 proposals for ETFs tracking various altcoins and strategies. Analysts anticipated that approvals for Solana-focused ETFs, among others, would be announced in early October, but this timeline is now uncertain. The budget impasse between Senate Republicans and Democrats has stalled discussions, impacting the operations of government agencies, including the SEC. This situation has led to limited personnel and operations for the SEC until a resolution is reached. Market analysts note that a variety of issuers have been eager to capitalize on strong investor demand for digital asset funds following successful launches like those of Bitcoin and Ethereum ETFs, which manage significant assets. The enthusiasm for these new products now faces delays due to the ongoing political deadlock in Washington.

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Crypto treasury ‘bubble’ fears overblown: TON Strategy CEO

According to TON Strategy CEO Veronika Kapustina, while there are early signs of a bubble in corporate digital asset treasuries (DATs), the long-term outlook remains positive as the market matures. Speaking at the Token2049 conference in Singapore, she acknowledged that indicators suggest a bubble but noted that this sector is

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

As the U.S. government faces a shutdown and Japan’s bond market experiences stress, digital assets have shown resilience, with traders anticipating looser global liquidity conditions. Bitcoin traded close to $118,700, gaining over 3% recently, while ether rose by 5.6%. Notably, dogecoin surged nearly 9%, extending its

XRP Jumps 5% as SBI Lending Program and ETF Countdown Fuel Rally

XRP experienced a significant increase of 5.2%, rising from $2.84 to $2.97, following the launch of SBI's institutional lending program aimed at enhancing XRP's adoption in Japan. The trading volume surpassed 160 million tokens, indicating strong market interest. Traders are keenly monitoring XRP&

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