approximately 2 - The Latremie Post

Watch the November 2025 PlayStation State of Play here

Today marks the date of the latest PlayStation State of Play, but this one will be a bit different from what has come before. The November 2025 event is a special edition titled **State of Play Japan**, with a sole focus on games developed in Japan and other studios across Asia.

You can watch the November 2025 PlayStation State of Play Japan live on the PlayStation YouTube channel. The event will take place today, **November 11, at 2 p.m. PT / 5 p.m. ET**.

We know a couple of key details about today’s PlayStation event. First, it will be approximately 40 minutes long. Second, it will primarily spotlight games from Japan and other Asian studios. This focus means publishers like Square Enix, Capcom, and Sony themselves are expected to be featured.

Stay tuned to the official PlayStation channel to catch all the latest announcements and updates from the State of Play Japan showcase!
https://www.shacknews.com/article/146776/watch-playstation-state-of-play-japan

What insiders are predicting for the Red Sox in free agency this offseason

Boston is predicted to be in the mix for several of the top free agents this MLB offseason. Although free agency is officially underway, it might still be some time before the biggest names sign new contracts. The winter meetings won’t take place until December 7, which is typically when many top free agents begin to find new homes.

With plenty of time until then, numerous insiders and outlets have released their predictions for MLB free agency recently. Most seem to agree that the Red Sox will be among the more active teams this offseason.

### Boston’s Payroll Situation

Boston is in a strong position to spend this offseason. According to Red Sox Payroll, the team currently has roughly $219 million committed for next season. This places them about $25 million below the first luxury tax threshold and approximately $45 million under the second. This financial flexibility should allow the Red Sox to pursue key free agents.

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## Top Free Agent Targets and Predictions for the Red Sox

### Alex Bregman, 3B, Red Sox

**What they’re predicting:**
The Red Sox appear to be the favorite to re-sign Bregman, though not by a large margin. In an MLB.com survey of 46 voters, 43% believe Bregman will stay with Boston. Sports Illustrated also predicts Bregman will re-sign with the Red Sox. ESPN’s David Schoenfield and The Athletic list Boston among the best fits for him, though MLB Trade Rumors writers do not expect him to remain in Boston.

**Contract projections:**
– Six years, $171 million (The Athletic)
– Six years, $160 million (MLB Trade Rumors)

**What to know about Bregman:**
Bregman was arguably the Red Sox’s best hitter last season, posting a .273 batting average with an .821 OPS, 18 home runs, and 62 RBIs over 114 games. However, he struggled late in the season, hitting just .187 with a .581 OPS in the final 27 games due to a quad injury earlier in the year.

Last offseason, Bregman signed a three-year, $120 million deal with Boston after a slow free agency period. This year, teams like the Tigers, Cubs, and Astros have expressed interest. He officially opted out of his contract in November.

Ideally, the Red Sox would re-sign Bregman, but there are alternative options in free agency and within the system — including promising prospect Marcelo Mayer, who filled in for Bregman during his injury.

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### Kyle Schwarber, DH/OF, Phillies

**What they’re predicting:**
Boston is among the favorites to sign Schwarber, though they are not the strong favorite. Thirteen percent of MLB.com voters see Schwarber joining the Red Sox, second only to the Phillies. The Athletic lists Boston among the three best fits for him, alongside the Phillies and Reds. MLB Trade Rumors writers, however, do not predict the Red Sox will sign Schwarber.

**Contract projections:**
– Five years, $145 million (The Athletic)
– Five years, $135 million (MLB Trade Rumors)

**What to know about Schwarber:**
Schwarber, turning 33 in March, was one of the top sluggers in baseball last season. He led the National League with 56 home runs and 132 RBIs, while hitting .240 with a .928 OPS. Power was a missing element for the Red Sox offense in 2025, as they ranked just 15th in home runs.

Signing Schwarber would provide Boston with a stable, everyday designated hitter and a much-needed power bat following the trade of Rafael Devers.

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### Pete Alonso, 1B, Mets

**What they’re predicting:**
Alonso is also among the free-agent hitters the Red Sox might sign, though they are not the top favorite. Twenty-two percent of MLB.com voters see Alonso joining Boston, second only to the Mets. Two of four MLB Trade Rumors writers predict Alonso will sign with Boston. The Athletic lists the Red Sox among the three best fits for him (with the Mets and Phillies).

**Contract projections:**
– Five years, $140 million (The Athletic)
– Four years, $110 million (MLB Trade Rumors)

**What to know about Alonso:**
Like Schwarber, Alonso is a power hitter but bats right-handed. He has hit at least 30 home runs in every full season (except the COVID-shortened 2020). Last season, Alonso batted .272 with a .871 OPS, leading the NL in doubles (41) and posting 38 home runs and 126 RBIs.

Signing Alonso could address two needs for Boston: adding right-handed power and filling the first base position. With Triston Casas rehabbing from a torn patellar tendon, the team has yet to name a confirmed starting first baseman for 2026. Additionally, Alonso’s durability is a plus, missing just nine games across the last four seasons.

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### Munetaka Murakami, 3B, Japan

**What they’re predicting:**
Only a few MLB.com voters think Murakami will sign with Boston, and one of four MLB Trade Rumors writers predicts the same. The Athletic lists the Red Sox as one of Murakami’s best fits alongside the Cubs and Blue Jays.

**Contract projections:**
– Eight years, $158.5 million (The Athletic)
– Eight years, $160 million (MLB Trade Rumors)

**What to know about Murakami:**
The 25-year-old third baseman, dubbed the “Japanese Babe Ruth” for his power, was officially posted on Friday and has a 45-day window to sign with an MLB team. Murakami set the NPB single-season home run record with 56 in 2022 and has consistently hit 30+ home runs in full seasons.

Last year, he hit 22 home runs with a .273 average and 1.042 OPS in just 56 games. However, he has struggled with strikeouts and hitting fastballs over 93 mph. Murakami could be an option at third base if Boston loses Bregman, though some see him as a better fit at first base.

—

### Dylan Cease, RHP, Padres

**What they’re predicting:**
A few MLB.com voters believe Cease will sign with Boston. Additionally, two of four MLB Trade Rumors writers foresee Cease joining the Red Sox.

**Contract projections:**
– Six years, $174 million (The Athletic)
– Six years, $189 million (MLB Trade Rumors)

**What to know about Cease:**
Cease, who turns 30 in December, is arguably the top pitcher available this offseason. Despite an 8-12 record and 4.55 ERA last season, he recorded 215 strikeouts over 168 innings in 32 starts. He finished in the top four of Cy Young award voting in three of the past four seasons with the White Sox.

Cease would bolster the Red Sox rotation and likely replace outgoing free agent Lucas Giolito.

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### Framber Valdez, LHP, Astros

**What they’re predicting:**
Some MLB.com voters predict Valdez will sign with Boston. The Athletic lists the Red Sox among Valdez’s three best fits, alongside the Orioles and Blue Jays.

**Contract projections:**
– Seven years, $196 million (The Athletic)
– Five years, $150 million (MLB Trade Rumors)

**What to know about Valdez:**
Valdez, who will turn 32 this November, posted a 13-11 record with a 3.66 ERA, 1.245 WHIP, and 187 strikeouts over 192 innings in 31 starts last season. Although his 2025 numbers could be described as a slight dip, he was a consistent top-10 AL Cy Young candidate in the three previous seasons.

—

### Eugenio Suarez, 3B, Mariners

**What they’re predicting:**
A few MLB.com voters think Suarez will join Boston, and one MLB Trade Rumors writer predicts the same.

**Contract projections:**
– Three years, $69 million (The Athletic)
– Three years, $60 million (MLB Trade Rumors)

**What to know about Suarez:**
The 34-year-old slugger hit 49 home runs combined between the Diamondbacks and Mariners last season. However, his performance declined after the trade, hitting just .189 in Seattle. His batting average has also trended downward since 2020.

Boston was reportedly interested in Suarez before he was traded to Seattle and considered moving him to first base, making him a potential option regardless of the Bregman situation.

—

## Other Notable Free Agent Predictions Involving the Red Sox

The Athletic lists Boston as a best fit for right-handed pitcher Michael King (Padres) and left-handed pitcher Ranger Suarez (Phillies).

– **Michael King, RHP:** Age 30, two seasons with sub-3.50 ERA as a starter, projected $75-$80 million total contract.
– **Ranger Suarez, LHP:** Went 12-8 with a 3.20 ERA last season, projected six-year, $153 million deal.

Additionally, several MLB.com voters predict the Red Sox could sign:

– **J.T. Realmuto, C (Phillies):** Turning 35 in March, hit .257 with 12 homers in 134 games last season. Projected to sign a contract worth about $15 million per year.
– **Luis Arraez, Infielder (Padres):** One of baseball’s best hitters for average recently, hitting .292 in 2025. Projected to sign a two-year deal worth $24-$30 million.

—

With a strong payroll position and multiple roster needs, the Red Sox are shaping up to be a major player in this winter’s free agent market. Fans can expect a busy offseason as Boston looks to bolster its lineup and pitching staff ahead of the 2026 campaign.
https://www.boston.com/sports/boston-red-sox/2025/11/08/red-sox-mlb-free-agency-predictions-rumors/

6k-Mile 2000 Mercury Grand Marquis GS

This 2000 Mercury Grand Marquis GS has had a single owner until the seller’s acquisition in 2025 and now shows only 6,000 miles. Under current ownership, maintenance consisted of installing four new tires and replacing the battery.

The car is finished in Tropic Green Clearcoat Metallic complemented by a white vinyl coach roof and features Le Panache badging. Exterior highlights include automatic headlights with cornering lamps, contrasting pinstripes, chrome wheel-arch trim, side moldings, and rocker moldings. It rides on 16″ steel wheels with chrome-finished lace-style covers, wrapped in 225/60 Kelly Edge Touring Plus tires installed in preparation for sale. Stopping power is provided by four-wheel disc brakes with dual-piston calipers in the front.

Inside, the seating surfaces are trimmed in white and gray leather upholstery, each backrest embroidered with Mercury logos. The cabin is appointed with woodgrain trim, a digital clock, air conditioning, cruise control, and a factory AM/FM/cassette stereo. Convenience features include power windows, door locks, and mirrors. The two-spoke steering wheel is mounted on a tilting column and sits ahead of a 120-mph speedometer flanked by auxiliary gauges.

Under the hood, the Grand Marquis GS is powered by a 4.6-liter SOHC V8 engine rated at 200 horsepower and 265 lb-ft of torque. Power is delivered to the rear wheels through a smooth-shifting four-speed automatic transmission. Prior to sale, an oil change was performed and the battery was replaced to ensure reliable operation.

The six-digit odometer shows just 6,000 miles, with approximately 90 miles added under current ownership. The accompanying Carfax report is clean and free of accidents or damage, documenting history in Florida and Massachusetts.

This Grand Marquis GS is offered with its original purchase document, a clean Carfax report, 2025 service records, and a clean Massachusetts title in the seller’s name. It represents a well-maintained example of this classic full-size American sedan, combining comfort, solid performance, and distinctive styling.
https://bringatrailer.com/listing/2000-mercury-grand-marquis-5/

2006 Toyota Tundra Limited Double Cab V8 4×4 at No Reserve

This 2006 Toyota Tundra Limited is a Double Cab 4×4 pickup that has been continuously registered in Texas since new. The truck currently shows 117,000 miles on the odometer, with approximately 1,000 miles added since the seller purchased it in 2025.

Finished in Natural White (056) with a matching grille, bumpers, fiberglass tonneau cover, and wheel arch flares, this Tundra stands out with several exterior features. These include fog lights, four forward-opening doors, tubular side steps, a power sunroof, a power-sliding rear window, a locking tailgate, and a receiver hitch. The truck rides on bright 17″ MKW M26 wheels fitted with 265/70 Trailfinder All Terrain tires and has been equipped with a suspension leveling kit for an improved stance and handling.

Under the hood, the truck is powered by a 4.7-liter 2UZ-FE V8 engine rated at 271 horsepower and 313 lb-ft of torque. The engine is paired with a five-speed automatic transmission, a dual-range transfer case, and a limited-slip rear differential. Maintenance highlights include an oil change in October 2025 and recently replaced front pads and rotors as of the same month. Braking is handled by front disc and rear drum brakes.

Inside, the cabin features Taupe leather upholstery with front captain’s chairs and a rear bench seat. The power-adjustable driver’s seat has had its lower bolster repaired to maintain comfort and support. Additional interior amenities include a JBL sound system, a DVD-based navigation system, air conditioning, cruise control, and power windows for both front and rear passengers. The four-spoke steering wheel surrounds a clear instrument cluster with a 120-mph speedometer, a tachometer with a 5,750-rpm redline, and gauges for voltage, oil pressure, fuel level, and coolant temperature.

Notable details include a window sticker from initial delivery to Gulf States Toyota in Houston, Texas, outlining factory colors, equipment, and a total MSRP of $37,748. The sale includes the original window sticker, manufacturer’s literature, a clean Carfax report confirming no accidents or damage, and a clean Texas title in the seller’s name. Buyers should note that the TPMS warning light is currently illuminated.

Photographs featuring paint meter readings and any blemishes are provided in the gallery below to give potential buyers greater insight into the truck’s condition.

This 2006 Toyota Tundra Limited is offered at no reserve, presenting an excellent opportunity to own a well-maintained, Texas-owned 4×4 pickup with desirable features and a documented history.
https://bringatrailer.com/listing/2006-toyota-tundra-61/

What’s Driving Bitcoin’s Price Down? Is a Rise Still Possible? Analysis Firm Explains!

Bitcoin experienced a major crash last night, with its price falling below the psychological level of $100,000. Singapore-based analysis firm QCP Capital has examined the main reasons behind this recent decline.

QCP analysts pointed out that the drop in Bitcoin’s price was primarily driven by a stronger US dollar and growing uncertainty about the Federal Reserve’s (Fed) future actions. The fall below $100,000 has also negatively impacted risk appetite among investors.

This weakening in risk appetite and ongoing macroeconomic pressures have been reflected in US spot Bitcoin ETFs, which have recorded net outflows of approximately $1.3 billion over four consecutive days. According to QCP Capital, “This reversal in ETFs has turned one of Bitcoin’s strongest tailwinds of 2025 into a near-term headwind.”

In addition, weaker spot demand for Bitcoin has coincided with forced deleveraging, resulting in liquidations exceeding $1 billion in long positions. Investors in the options market have also increased hedging activities around the $100,000 mark, highlighting the cautious sentiment prevailing in the market.

The data currently points to a technical decline in Bitcoin, with significant uncertainty still surrounding the Fed’s decisions. The recent 25 basis point rate cut by the Fed in October—despite rare opposition—has been met with a cautious market stance. This has delayed expectations of a new rate cut in December.

Market pricing currently reflects a 72.1% probability of a 25 basis point cut in December, while a scenario keeping rates unchanged stands at 27.9%.

Despite the prevailing uncertainty and increased macroeconomic pressures, QCP Capital analysts remain optimistic that Bitcoin could rally again. They noted that a sustained upward movement in BTC will likely depend on ETF outflows turning into inflows and a renewed investor confidence in risk assets.

*This is not investment advice.*
https://bitcoinethereumnews.com/bitcoin/whats-driving-bitcoins-price-down-is-a-rise-still-possible-analysis-firm-explains/

Humana Reports $195 Million Profit As Costs Land Within Expectations

Humana Reports $195 Million in Q3 Profits as Medical Cost Trends Stabilize

Humana reported $195 million in third-quarter profits on Wednesday, with the health insurer’s medical cost trends aligning with previous company forecasts. Like its industry peers, Humana has faced increased costs, particularly within its Medicare Advantage plans—a substantial component of the company’s business.

Medicare Advantage plans are government-contracted and offer seniors additional benefits and services, such as disease management, nurse helplines, vision, dental care, and wellness programs. To improve performance, Humana exited certain “unprofitable” plans and counties during the quarter.

“Our 3Q25 insurance segment benefit ratio of 91.1% is in line with our guidance of ‘just above 91%,’” Humana stated in prepared management remarks released alongside its earnings report. The benefit expense ratio, which is the percentage of premium revenue allocated toward medical costs, was 91.1% compared to 89.9% in the same quarter last year.

Despite the elevated expense ratio, Humana’s net income dropped to $195 million, or $1.62 per share, down from $480 million, or $3.98 per share, a year ago. However, revenue increased to $32.6 billion, up from $29.4 billion in the prior-year period.

Humana attributed some stability to less volatile industry cost trends over the past year, reaffirming its full-year 2025 adjusted earnings per share outlook of “approximately $17.00” and maintaining insurance segment benefit ratio guidance of 90.1% to 90.5%. This outlook, Humana noted, is “supported by solid execution and results.”

The company also reported improvements in its Medicare Advantage enrollment, reaching over 5.2 million individual enrollees by the end of the third quarter. “We now anticipate a FY 2025 decline of approximately 425,000 Individual Medicare Advantage (MA) members, improved from our previous expectation of a loss of up to 500,000, driven by stronger retention and better-than-expected sales,” the company said.

Meanwhile, Humana’s CenterWell healthcare services business continues to expand, reporting growth of 56,600 patients, or nearly 15%. “CenterWell Pharmacy continues to drive strong growth across payor-agnostic offerings, with increased Specialty volumes and strong Direct-to-Consumer growth, both exceeding previous expectations in 3Q25,” the company said.

Looking forward, Humana executives expressed confidence in the company’s strategy and outlook. “Our strategy of putting the consumer at the heart of everything we do is working, with solid year-to-date performance and strong momentum heading into the Annual Election Period,” said President and CEO Jim Rechtin. “We feel positive about the direction we’re headed and the value we are creating for our members, patients, and investors.”
https://bitcoinethereumnews.com/finance/humana-reports-195-million-profit-as-costs-land-within-expectations/

AAVE: Will the $50mln buyback plan repeat the 50% price surge?

**Key Takeaways**

– Why has Aave made token buyback official?
The team stated that the trial initiative was a “strong success” in improving AAVE value accrual.

– Will it lift the token above $200 again?
Yes, under a positive broader market sentiment, the deflation plan could boost AAVE in the long run.

—

DeFi lending giant Aave (AAVE) has unanimously approved the creation of a $50 million per year buyback program. This move follows what the project described as a “strong success” after a pilot test initiated in May, aimed at improving the tokenomics of the AAVE token.

According to the plan, the team intends to purchase between $250,000 and $1.75 million worth of AAVE tokens weekly, based on protocol revenue and other factors. There are still two additional steps before the proposal can be fully enforced.

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### AAVE Buybacks and Potential Impact

Since May, the buyback initiative has acquired over 94,000 AAVE tokens, spending more than $22 million in the process. May marked the largest monthly purchase during the trial program, with the team adding 20,100 AAVE tokens.

During the same period, AAVE posted price gains of over 50%, partly fueled by a broader market recovery in Q2. From July to October, the team averaged about 10,000 AAVE tokens purchased monthly.

This deflationary move, combined with the broader market recovery, pushed AAVE prices up to $385 by August. However, headwinds in Q4 dragged the token’s value below $200 despite the ongoing buyback program.

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### ETH Correlation Drives AAVE Swings

AAVE’s value demonstrates a strong positive correlation with Ethereum (ETH). During ETH rallies, AAVE tends to pump even harder. Conversely, during ETH pullbacks, AAVE experiences steeper declines.

As ETH serves as a bellwether for the broader DeFi ecosystem, its momentum often influences sector outliers like AAVE. A rebound in ETH could potentially lift AAVE if this correlation continues to hold.

That said, AAVE has faced selling pressure since the October flash crash, which has weighed on price performance recently.

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### Exchange Inflows Add More Pressure

Data from CryptoQuant shows that exchange netflow for AAVE surged to a seven-month high last month, with approximately 10,000 AAVE tokens sent to exchanges weekly for sell-off.

Unless this selling pressure from exchanges tapers off, AAVE’s price may remain subdued in the short term.

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### Conclusion

Overall, AAVE has experienced selling pressure alongside the wider market. However, the scaling of its deflationary buyback program could enhance its value over the long term, especially if positive market sentiment and ETH momentum return.

Stay tuned for further developments as the buyback program progresses and market conditions evolve.
https://bitcoinethereumnews.com/tech/aave-will-the-50mln-buyback-plan-repeat-the-50-price-surge/

XRP Whale Sell-Off Signals Potential Downside Near $2.2 Support Zone

**XRP Whales Offload 900,000 Tokens in Five Days, Fueling Bearish Market Sentiment**

XRP whales have recently intensified selling pressure by offloading approximately 900,000 tokens over the past five days. This significant sell-off has coincided with weakening on-chain metrics and technical indicators, driving a bearish sentiment in the market and pushing prices toward critical support levels between $2.20 and $2.30.

At the same time, Open Interest has dropped 15.73% to $3.52 billion, signaling reduced leverage and heightened risk aversion among traders. Liquidation heatmaps reveal dense clusters at $2.20 and $2.30, highlighting key volatility triggers with over $100 million in potential liquidations.

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### What Is Driving the Recent XRP Whale Selling Pressure?

Large investors, or whales, have become the dominant force behind the recent XRP sell-off, distributing around 900,000 tokens in just five days. This surge in selling activity reflects growing caution among market participants amid broader volatility.

The sell-off aligns with a 12% decrease in large holder accumulation over the past week, according to on-chain data from Santiment. Together with technical weaknesses, this selling pressure underscores a market environment marked by caution and increased short-term bearish risks.

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### How Are Technical Indicators Reflecting XRP’s Current Market Position?

Technical analysis shows a clear bearish tilt in XRP’s price action:

– **Relative Strength Index (RSI):** Currently at 35.22, approaching oversold territory, suggesting the possibility of buying interest emerging soon.
– **Directional Movement Index (DMI):** The negative directional indicator (-DI) stands at 36.38, overpowering the positive directional indicator (+DI) of 13.13.
– **Average Directional Index (ADX):** At 39.19, confirming strong downward trend momentum.

Price action has formed lower highs and repeatedly faces rejection by a descending resistance trendline, limiting any upward breakout attempts. XRP is consolidating within the $2.20–$2.30 demand zone, a historically significant area known for accumulation and potential price rebounds.

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### Open Interest and Derivatives Market Contraction

The derivatives market for XRP has seen a notable pullback, with Open Interest falling by 15.73% to $3.52 billion. This decline reflects a broad reduction in trader participation, typically associated with periods of uncertainty and risk aversion.

According to Coinglass data, such retrenchment in leverage often leads to more stable price movements but also points to diminished speculative enthusiasm. Glassnode analysts note that Open Interest drops of over 15% frequently precede consolidation phases lasting several weeks.

Despite the current slowdown in derivatives activity, XRP’s long-term outlook remains underpinned by ongoing ripple ecosystem advancements, including cross-border payment integrations. Traders should watch for rebounds in Open Interest as a potential signal of renewed market confidence and possible whale accumulation resuming.

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### The Role of Liquidation Zones in XRP’s Price Volatility

Liquidation zones are pivotal in shaping XRP’s current price risks. Coinglass heatmaps highlight concentrated liquidation clusters around $2.30 and $2.20, where more than $100 million in leveraged positions could be liquidated.

These zones act as magnets for price action—breaching them can trigger cascading forced liquidations, potentially amplifying price swings. For example:

– A breakdown below $2.20 may initiate a chain reaction of sell-offs.
– Holding above $2.20 could prompt short-covering, leading to a relief rally.

Binance futures data supports this vulnerability, showing a 20% spike in 24-hour liquidation volumes in recent sessions.

CryptoQuant analysts emphasize the influence of such liquidity pockets on short-term price direction, advising leveraged traders to exercise caution. Recent price tests near the upper boundary of this range confirm the need for sustained trading volume to validate a bullish reversal.

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### Frequently Asked Questions

**What factors are contributing to XRP whale selling pressure in 2025?**

XRP whale selling pressure is primarily driven by profit-taking following recent gains, coupled with macroeconomic uncertainties and ongoing regulatory developments surrounding Ripple’s legal challenges. Over five days, approximately 900,000 XRP tokens were distributed, increasing market supply and exerting downward price pressure. While this intensifies short-term bearish risks, it does not diminish XRP’s long-term utility in cross-border payments.

**Will XRP hold the $2.20 support level amid current volatility?**

The $2.20 support is a critical technical level for XRP, historically acting as a strong floor during corrections. Current technical readings—including an RSI near oversold and consolidation within a key demand zone—suggest bulls could defend this level if accompanied by an uptick in volume. However, failure to hold $2.20 may expose lower support zones around $2.00, emphasizing the need for traders to prepare for potential volatility.

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### Key Takeaways

– **Whale Offloads Signal Caution:** The sell-off of 900,000 XRP tokens by large holders has increased bearish sentiment, pressing prices toward crucial support levels.
– **Open Interest Contraction:** A 15.73% drop to $3.52 billion reflects reduced leverage in the market, which may stabilize prices but limit short-term upside momentum.
– **Liquidation Zones at the Forefront:** Traders should focus on the $2.20–$2.30 range as key zones for price volatility and potential directional shifts.

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### Conclusion

XRP’s current market environment is characterized by intensified whale selling pressure, declining Open Interest, and concentrated liquidation clusters, fostering cautious trading sentiment. Prices are testing a vital demand zone between $2.20 and $2.30, with bearish technicals dominating. However, oversold signals do provide some hope for a rebound if buyers mount strong defenses.

As the Ripple network continues to expand its real-world applications, investors should closely monitor on-chain metrics and technical signals. Staying informed and prepared can offer strategic advantages in navigating this evolving landscape.
https://bitcoinethereumnews.com/tech/xrp-whale-sell-off-signals-potential-downside-near-2-2-support-zone/

DTCC Lists Nine XRP ETFs as Countdown to Potential Launch Begins

The Depository Trust & Clearing Corporation (DTCC) has recently listed nine XRP ETFs on its platform, signaling potential new trading opportunities for investors. These nine products include a mix of spot-based and futures-based strategies, filed between October 2024 and June 2025. The listings suggest that several XRP ETFs could begin trading as early as November 13, pending final regulatory approval.

### What Does a DTCC Listing Mean?

When an ETF appears on the DTCC site, it means the fund has completed initial registration steps and is prepared for market settlement once regulatory approval is granted. However, it’s important to note that a DTCC listing does not confirm that trading has already started.

### Futures-Based XRP ETFs Already Trading

Currently, four XRP ETFs that utilize futures contracts to track the token’s price movements are actively trading in the market. Examples include the ProRP ETF. These futures-based funds offer daily leverage ranging from one to two times the price movement of XRP. Instead of holding actual XRP tokens, these ETFs gain exposure through derivatives contracts.

In addition, the REX-Osprey XRP ETF, launched in September, operates as a hybrid product with approximately 80% spot exposure. This fund functions under the regulatory framework of the 1940 Act, allowing it to trade while pure spot XRP ETFs await final SEC approval.

### Spot-Based XRP ETFs Awaiting SEC Approval

Five XRP ETFs focusing on direct spot exposure—meaning they hold actual XRP tokens—are still under review by the Securities and Exchange Commission (SEC). Among these is the spot component of the 21-Osprey ETF. Progress on these applications stalled following the U.S. government shutdown on October 1, which delayed the review of more than 16 altcoin ETF filings, including those involving XRP, Solana, Dogecoin, and Cardano.

### Renewed Optimism for Spot XRP ETFs

Recent developments have boosted optimism for the approval of spot XRP ETFs. Canary Capital has removed a delaying amendment from its filing, setting an automatic effective date of November 13, pending the Nasdaq’s clearance of the ticker symbol.

Both Fidelity and Canary Capital have filed final S-1 updates for their altcoin ETF applications, aligning with this same November 13 target date. If the SEC approves these submissions, several spot XRP ETFs are expected to start trading on or around that date.

### Broader Progress in the Altcoin ETF Market

Despite earlier delays, the altcoin ETF market has seen notable progress recently. On October 28, Canary Capital launched the first U.S. spot Litecoin ETF, while Bitwise rolled out its spot Solana ETF under new generic listing standards on the same day. Grayscale’s Solana ETF followed with a launch on October 29.

These developments demonstrate that the SEC has resumed processing applications for altcoin ETFs, signaling potential momentum for the approval of XRP ETFs and other pending cryptocurrency products before the end of November.

—

Investors interested in XRP ETFs should keep an eye on regulatory updates and market announcements as November 13 approaches, which could mark a significant expansion in options for crypto-based exchange-traded funds.
https://coincentral.com/dtcc-lists-nine-xrp-etfs-as-countdown-to-potential-launch-begins/

U.S. Treasury cuts Q4 borrowing estimate to $569B

The Federal borrowing estimate for the U.S. Treasury Department for the final three months of the year was reduced to $569 billion, thanks to a stronger cash position and improved revenue collection.

The three-month period, which ended on Wednesday, saw $21 billion in short-term borrowing—significantly down from the $590 billion forecast issued in July. This marks a notable decrease in short-term borrowing. Officials attribute most of these changes to having more cash than expected at the beginning of the quarter.

According to available data, the Treasury held approximately $891 billion in cash in early October, surpassing the $850 billion in summer gross cash. By utilizing a substantial portion of this cash reserve, the department was able to slow the rate of borrowing for spending and debt repayment while still meeting all its obligations.

### Treasury Leverages a Strong Cash Buffer

The Treasury’s borrowing cut results from careful cash management, especially following months of heavy issuance to rebuild reserves after the debt ceiling suspension at the start of the calendar year. In previous quarters, Treasury increased sales of short-term bills to replenish its funds. However, strong tax inflows combined with cautious spending have left it with a larger-than-expected cash cushion.

Analysts suggest that this improved cash position could ease some pressure in the bond markets, which have faced challenges due to the rapid pace of supply and rising longer-term interest rates. The borrowing reduction is seen as a positive move to stabilize Treasury operations again, according to industry experts quoted by the *Financial Times*.

Additionally, lowering borrowing requirements may help steady Treasury yields, offering investors a clearer outlook on Federal Reserve interest rate hikes.

### Continued Fiscal Challenges Ahead

Despite the borrowing cut, economists caution that this is not a sign of broader fiscal restraint. Federal spending levels remain unchanged, and borrowing continues to be significantly higher than pre-pandemic levels.

The Treasury also faces ongoing challenges moving forward.

### High Borrowing Plans for Early 2026

Looking ahead, the Treasury plans to borrow approximately $578 billion between January and March 2026, assuming a year-end cash balance of $850 billion. This forecast aligns with previous projections and highlights that federal borrowing will remain considerable in the upcoming quarters.

Government expenditures on entitlement programs, infrastructure plans, and other initiatives continue to drive this high borrowing demand.

Market observers expect a balanced issuance strategy across bills, notes, and bonds, aiming to maintain appropriate liquidity throughout the maturity spectrum without destabilizing the Treasury market.

### Managing Persistent Fiscal Deficits

Persistent fiscal deficits mean that effective debt management is more critical now than ever. While the current reduction in borrowing may offer short-term relief from oversupply concerns, investor focus will soon shift to the Treasury’s strategy for the first quarter of 2026, especially given the prevailing economic conditions and political landscape.

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