Daily Brief: November 12, 2025

🚀 XRP Spot ETF Nears Launch

Canary Capital is on the verge of launching the first spot XRP ETF, possibly as soon as tomorrow. The firm has filed the necessary paperwork with the SEC, marking a significant step forward for cryptocurrency ETFs. This move is part of a larger trend, with other financial giants like Franklin Templeton also preparing similar offerings.

The anticipated launch date for the XRP ETF is November 13, pending Nasdaq's approval. This ETF aims to give investors exposure to XRP without requiring direct ownership, addressing concerns about custody and exchange risks. The success of recent altcoin ETFs, such as those for Solana and Litecoin, indicates strong investor demand.

Nine XRP ETFs are now listed on the DTCC website, showing they are ready for launch. The Canary Capital ETF is expected to be the first '33 Act spot ETF, with others like Bitwise and Grayscale following. Optimism around these ETFs has already led to a 12% rise in XRP's price, with predictions of significant inflows into the XRP market.

Why it matters: The launch of the XRP ETF could attract substantial institutional investment, potentially transforming the cryptocurrency market and increasing mainstream adoption.

🔄 Bitcoin Miners Shift Focus to AI

Bitdeer Technologies saw its stock price fluctuate dramatically after announcing plans to expand into AI and data centers. Despite a 174% increase in revenue, the company reported a $266.7 million net loss for Q3. This resulted in a 32% drop in share prices, highlighting investor concerns about financial sustainability amid its ambitious expansion plans.

CleanSpark, another major player in Bitcoin mining, is raising $1.15 billion to fund its AI and data center expansion. The company plans to use part of the proceeds to repurchase stock and enhance its infrastructure. This move reflects a broader industry trend where miners are diversifying into AI to stabilize revenue streams.

Bitdeer also faced setbacks with a delay in its next-gen ASIC chip, contributing to a 20% drop in its stock price. Despite doubling its revenue, the lack of updates on AI initiatives and operational challenges has made investors cautious. The company aims to pivot towards AI cloud services, targeting $2 billion in revenue by 2026.

Why it matters: Bitcoin miners are diversifying into AI to mitigate market volatility and enhance revenue, signaling a significant shift in industry strategies.

🌍 US-China Bitcoin Hack Dispute Heats Up

China has accused the United States of being involved in a massive Bitcoin theft, claiming the U.S. government seized 127,000 BTC, valued at around $13 billion, from a 2020 hack of the LuBian mining pool. The Chinese cybersecurity agency CVERC suggests this was part of a larger operation. Meanwhile, the U.S. Department of Justice contends that the Bitcoin seizure was part of a legitimate fraud investigation involving Cambodian businessman Chen Zhi.

The hack, which stayed under the radar until recently, is now considered the largest Bitcoin theft in history. CVERC's report implies that the U.S. has held these assets for over a year, raising questions about how they were accessed. This situation adds a new layer to the ongoing geopolitical tensions between the U.S. and China, especially in cryptocurrency and cybersecurity.

The dispute highlights Bitcoin's role as a geopolitical asset, with both nations navigating the complexities of crypto enforcement. China's accusations reflect concerns over Western dominance in blockchain technology, while the U.S. views its actions as part of broader law enforcement efforts. This clash underscores the challenges of regulating digital assets on an international scale.

Why it matters: This dispute illustrates how cryptocurrencies are becoming central to international relations, affecting digital sovereignty and regulatory frameworks worldwide.

🐕 Shiba Inu Holds Firm Despite Bearish Waves

Shiba Inu (SHIB) is currently navigating challenging market conditions, struggling to break through key resistance levels. The 26-EMA resistance has been a major obstacle, preventing SHIB from establishing a bullish trend. Market sentiment remains cautious, with traders hesitant to invest in rallies. This defensive approach suggests that unless SHIB can close above critical resistance levels, it may face further declines.

Despite a significant outflow of 15.4 billion SHIB tokens from exchanges, the cryptocurrency's price remains around $0.0000099. This outflow indicates accumulation, but it hasn't led to a positive price shift. Technical indicators show resistance levels that SHIB has yet to surpass, pointing to a bearish market structure. Investors are advised to be patient, as current trends suggest potential sideways movement or additional selling pressure.

The Shiba Inu team is committed to the project's development despite market challenges. Team member Lucie reassured the community about the project's stability and ongoing progress. The Shibarium layer 2 has achieved significant milestones, and the team's efforts continue even without major announcements. Overall market conditions, especially Bitcoin's performance, will influence SHIB's price trajectory.

Why it matters: Understanding Shiba Inu's market behavior helps investors navigate potential risks and opportunities in a volatile crypto market.

📈 XRP's Institutional Surge and Price Challenges

XRP has recently experienced a price increase, climbing 1.55% to reach $2.53. This rise is largely due to growing institutional interest and positive regulatory developments. Trading volume has surged 20.71% above its seven-day average, indicating strong participation from institutional investors. Analysts suggest that maintaining support above $2.50 is crucial for sustaining this bullish trend, even as XRP faces resistance at $2.57.

Despite the recent rally, XRP is struggling to maintain upward momentum, encountering resistance between $2.40 and $2.50. The market shows signs of weakness with diminishing momentum and muted volume. Key resistance levels are identified at $2.58-$2.65, while support is noted between $2.32 and $2.28. Without a decisive breakthrough above these resistance levels, a bearish continuation could occur.

The broader market dynamics also affect XRP's performance. For instance, HBAR recently declined due to institutional selling pressure. This highlights the importance of understanding institutional movements, as they significantly impact market trends and potential trading opportunities. For XRP, the filing of spot ETFs by major firms suggests a strategic move towards regulatory compliance and market expansion.

Why it matters: XRP's price movements and institutional interest highlight potential regulatory advancements and market dynamics that could influence future trading strategies.