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Retired Hoodrat whisperer


Meanwhile my shyt


Most of retail ain’t really really back yet. But yeeeeea….they gonna be here soonYea, the text msgs and calls are starting to rev back up again.![]()
You were right.That was my initial thought, but it looks like bitcoin wants it more. $122,950.. so.. close![]()
Data came in hot this morning. BTC flushed to $117,500 with $500mm liquidated in under an hour. $117,000 - $118,000 was last weekend’s CME gap, still half left to fill.So it looks like the market really enjoyed those numbers, especially ETH above $4,500 just 8% away from price discovery. Easy TP.
Fed rate cuts have jumped after this morning’s release to 94.4% (https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html)!
More data (Core PPI, PPI, and Unemployment Claims) will be released Thursday morning at 8:30am EST. Expect lots of volatility this week.
The U.S. SEC recently extended the review period for several spot XRP ETF applications, which were initially scheduled for August. Issuers like Grayscale, 21Shares, Bitwise, CoinShares, WisdomTree, Canary Capital, and Franklin Templeton are all waiting for approval. With the commission allowed only one 60-day delay, October is now the final deadline.
This means the SEC must deliver a decision by mid-to-late October. An approval would be groundbreaking, offering institutional investors a regulated path into XRP and potentially driving adoption and liquidity. A rejection, however, would be a setback for Ripple’s push into traditional markets.
- October 18 for Grayscale’s filing
- October 19 for 21Shares
- October 20 for Bitwise
- October 24–25 for others like Canary Capital and WisdomTree
At the same time, Ripple is awaiting a decision on its U.S. national banking license, filed with the Office of the Comptroller of the Currency (OCC). While the OCC outlines a 120-day review timeline, putting the deadline in late October, analysts suggest the process may not be that straightforward.
Crypto analyst JD argued that a realistic timeframe for approval is closer to 12–18 months, noting that the 120-day guideline is more procedural than practical. Still, should Ripple secure the license, it would become a federally regulated trust bank, enhancing its credibility and allowing RLUSD reserves to be held directly with the Federal Reserve.