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NFT Gaming

SEC Halts QMMM Trading After 959% Surge on Crypto Treasury Manipulation Concerns

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The U.S. Securities and Exchange Commission has temporarily suspended trading in QMMM Holdings after the stock rocketed 959% in under three weeks on the back of a splashy crypto-treasury pivot.

In its suspension order, the SEC flagged potential manipulation via social-media “recommendations” by unknown parties that appeared designed to inflate price and volume. The halt took effect Monday and is slated to run for 10 trading days while regulators dig in.

QMMM announced it would allocate a $100 million portfolio across Bitcoin, Ethereum, and Solana, and also launch a crypto analytics platform.

The news triggered a sharp rise from around $11 to an intraday peak near $207, before the stock last traded around $119.40 before the freeze.

BTC’s price trends upwards on short timeframes. Source: BTCUSD on Tradingview

A Wider Crackdown on “Crypto Treasury” Pop-and-Drops

The QMMM halt comes as the SEC and FINRA expand investigations into unusual trading activities linked to corporate crypto-treasury announcements.

This year, over 200 companies have announced plans to raise funds through token purchases, often following sharp price increases before the announcements. Regulators are examining potential insider leaks and Reg FD violations related to the selective sharing of material information.

Hype-driven stock promotions and speculative treasury strategies can cause share prices to drift away from their true value, leaving late traders vulnerable when market realities catch up.

Recent reports indicate this strategy has become overcrowded, with some firms turning to financial engineering after crypto-related rallies decline, prompting the SEC to accelerate efforts to halt trading and investigate suspicious surges.

What the QMMM Halt Means for Investors Now

For holders, the suspension locks in positions until trading resumes, and outcomes vary from an orderly reopen to potential enforcement actions if wrongdoing is discovered.

Expect increased demands for detailed disclosure: audited wallet attestations, treasury risk policies, and clear business rationales beyond simply “numbers go up.”

The QMMM episode highlights a new baseline: crypto adjacency alone won’t suffice, especially when social-media promotion is involved.

Key levels to watch after the halt include liquidity conditions, opening auction volatility, and any SEC updates clarifying the scope of the investigation. Overall, investors seeking equity exposure to digital assets may prefer experienced operators and transparent balance-sheet strategies over sudden pivots.

With regulators indicating ongoing scrutiny of the crypto-treasury relationship, due diligence, on both the tokens and the corporate narratives, has never been more important.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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NFT Gaming

SEC No-Action Letter Creates Opening for More Firms to Serve as Crypto Custodians

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In brief

  • The SEC will not take enforcement actions against advisors and other entities for using state-chartered as crypto custodians.
  • This letter could lead to a potential opening for a greater number of organizations to serve as custodians for digital assets.
  • In July, Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory burdens.

The U.S. Securities and Exchange Commission said in a letter on Tuesday that it did not plan to take action against registered investment advisors, issuers of crypto funds, and other entities for using state-chartered trusts to hold digital assets.

The updated guidance, a response from the SEC’s Division of Investment Management to a query filed by lawyers representing financial advisors, creates a potential opening for a greater number of organizations to serve as custodians for these assets, including affiliates of prominent crypto-focused firms such as Coinbase and Ripple.

“Based upon….your letter, the Division of Investment Management would not recommend enforcement action….against a Registered Adviser or Regulated Fund for treating a State Trust Company as a ‘bank’ related to placement and maintenance of Crypto Assets and Related Cash and/or Cash Equivalents,” the SEC letter said, as long as certain criteria are met both by the advisor and the trust.



The SEC letter offers the latest shift from the SEC’s less forgiving approach to crypto under former Chair Gary Gensler, who sought to limit the types of organizations that could custody digital assets.

In July, current Chair Paul Adkins unveiled “Project Crypto, an SEC initiative to dramatically lower regulatory burdens for the crypto industry and to accelerate the integration of digital assets within the traditional U.S. economy.

The Investment Advisers Act of 1940 requires that advisors maintain client assets with a bank, trust or other qualified custodian holding national fiduciary duties. Crypto supporters have used this legislation to enable a wider range of crypto initiatives.

The letter is not a formal rule or regulation and therefore has “no legal force or effect” or “alter or amend applicable law,” the SEC noted.

But the agency made advisors responsible for ensuring that a registered trust is authorized by relevant banking authorities to provide crypto custody services and has written policies and procedures to protect those assets, addressing such issues as private key management.

Custodial agreements that advisors sign should also ensure that the trust will not lend or otherwise use funds without a client’s consent, and that crypto assets “will be segregated from the State Trust Company’s assets.”

Trusts may serve as custodians, provided “the Registered Adviser determines that the use of the State Trust Company’s custody services is in the best interest of the RIA Client or Regulated Fund and its shareholders,” the SEC letter said.

The letter drew praise from Bloomberg ETF Analyst James Seyffart, who in an X post wrote it was “a textbook example of more clarity for the digital asset space.”

“Exactly the sort of thing the industry was asking for over the last few years,” he wrote. “And it keeps coming.”

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Brian Quintenz (Senate Agriculture Committee, screen capture)
GameFi Guides

U.S. SEC Takes Preliminary Step to Expand Universe of Crypto Custody to State Trusts

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The U.S. Securities and Exchange Commission has cracked the door to welcome crypto custody at a wide range of firms who’ve earned state charters as trust companies — a list that would include the trust affiliates of Coinbase, Kraken and other high-profile names in crypto.

The SEC’s Division of Investment Management issued a so-called no-action letter on Tuesday, a document that assures that the regulator doesn’t intend to pursue any enforcement actions by those engaging in the specific activity — in this case, that SEC-registered advisers and funds can park digital assets in state trusts.

Such qualified-custodian questions had represented a policy battleground during the tenure of former SEC chairs Gary Gensler and Jay Clayton, the former having led the agency to introduce a later-abandoned proposal that would have constrained what kinds of companies could handle the crypto of regulated investment advisers. Gensler made it clear he specifically meant to muscle out exchanges such as Coinbase.

But the SEC’s new management — most notably Chairman Paul Atkins — is pursuing a crypto-forward campaign, with Atkins saying earlier this week that establishing industry policies is the agency’s top priority (as assigned by pro-crypto President Donald Trump).

While Tuesday’s no-action letter isn’t a formal agency rule, it carries enough weight to free firms from short-term compliance worries. Specifically, the document said the SEC “would not recommend enforcement action to the commission under the custody provisions against a registered adviser or regulated fund for treating a state trust company as a ‘bank’ with respect to the placement and maintenance of crypto assets.”

The earlier argument from Gensler was that crypto firms weren’t safe and sufficiently regulated to qualify as risk-free enough for registered investment advisers to keep their customers’ assets.

“Even though it was never adopted, the proposal has created problems for investment advisers through its assertion that most crypto assets are likely to be funds or crypto asset securities covered by the current rule, and thus must be maintained with a qualified custodian,” Commissioner Hester Peirce said in a speech in Singapore on Tuesday.

She argued that the agency “should consider updating the rules governing permissible custodians for registered investment advisers and investment companies,” adding that maybe technologically adept companies should be permitted to custody assets themselves.

But Democratic Commissioner Caroline Crenshaw, who was allied with Gensler on this point two years ago, issued a statement opposing the no-action treatment, saying the SEC is effectively treating crypto as something apart from the rest of the financial sector. And it’s ignoring the efforts of firms pursuing federal chartering from the Office of the Comptroller of the Currency.

“Rather than create a level playing field, we leave investors and the markets to gamble in an unnecessary game of 50-state regulatory roulette – just to accommodate crypto,” she said. “Executing a shift of this magnitude via no-action relief without public comment and without any economic analysis is ill-advised for many reasons, not least of which because it likely violates the Administrative Procedure Act, though this has become commonplace by this commission.”

The SEC has been pursuing a number of crypto policies under Atkin’s recent Project Crypto, and the chairman has set an agenda to issue formal crypto rules in the coming months. Meanwhile, Congress has made extensive progress on legislation to more completely regulate the U.S. digital assets markets.



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Sec Meets Nyse And Ice To Discuss Rules And Tokenized Stocks
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SEC Meets NYSE and ICE to Discuss Rules and Tokenized Stocks

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The U.S. Securities and Exchange Commission (SEC) met with the New York Stock Exchange (NYSE) and Intercontinental Exchange (ICE) on Sept. 26 to discuss rules for products related to Crypto.

The meeting was led by the SEC’s Crypto Task Force and senior executives from NYSE and ICE with talks focusing on how to regulate crypto derivatives and tokenized equities and how these products can fit into the existing system without losing investor protections. 

According to the memorandum of the meeting, key topics included how the SEC and the Commodity Futures Trading Commission (CFTC) should share duties in overseeing crypto assets. They also looked at gaps in current laws, possible exemptions for new products, and how the word “facility” should be defined when trading tokenized shares.

The list of attendees included Elizabeth King, Global Head of Clearing and Chief Regulatory Officer at ICE, Michael Blaugrund, Vice President of Strategic Initiatives at ICE, Jon Herrick, Chief Product Officer at NYSE, and Jaime Klima, General Counsel at NYSE. 

The agenda also listed discussions about investor interests, issuer concerns, and whether certain products might need exemptions to move forward.

Talks on Crypto Derivatives and Tokenized Stocks

Crypto derivatives were a central part of the talks. They are tools that let investors bet on future prices of assets like Bitcoin or Ethereum. 

The SEC wanted to know how to expand these tools safely, since they can give traders more options but also bring higher risks. With NYSE involved, the chance of such products reaching everyday investors becomes much greater.

Tokenized equities were another important topic. These tokens act like digital versions of real company shares. Instead of buying a stock directly, an investor could buy a token that proves ownership.

But there are legal questions about whether tokens count as securities under current law or if new rules must be made. NYSE and ICE asked for clear answers before starting any token-based services.

Through its crypto task force meetings, the SEC is engaging with the digital asset community to understand core issues and develop regulations that balance risk management with the need to encourage innovation. NYSE and ICE are major exchanges from traditional finance, and together with SEC they want to prepare for a future where digital assets are part of daily trading.

Also Read: Robinhood Eyes Europe With Prediction Markets Push



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SEC delays decision on WisdomTree ETF
Crypto Trends

SEC halts spot crypto ETF filings, investors turn to COME Mining cloud mining

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

SEC delays crypto ETF approvals; COME Mining offers an alternative with BTC, ETH, XRP, DOGE, and USDT contracts.

Summary

  • COME Mining offers cash flow from BTC, ETH, XRP, DOGE, and USDT contracts.
  • The mobile-friendly platform lets users mine anytime, with multi-currency and bank-grade security.
  • New users earn $15 in computing power plus daily rewards, making crypto mining easy.

The U.S. Securities and Exchange Commission (SEC) has once again brought market attention back to the ETF approval process. The SEC recently urged several institutions to withdraw their spot ETF applications involving mainstream currencies such as LTC, XRP, SOL, ADA, and DOGE. 

This move not only delayed the market’s expectations for compliance, but also made investors once again face the short-term uncertainty and high volatility of crypto assets.

Analysts point out that ETFs are seen as a key channel for attracting mainstream capital, but the slowdown in approvals means that investors will continue to struggle to achieve stable returns through this channel in the short term. 

For retail investors, “hoarding coins and waiting for them to rise” often leads to passive price fluctuations; for traders, frequent operations are accompanied by high thresholds and high risks. Against this backdrop, more and more investors are looking for new paths that can both maintain asset liquidity and protect against market risks.

At this time, COME Mining cloud mining gradually came to the fore with its unique model. The platform offers hash rate contracts settled in mainstream currencies such as BTC, ETH, XRP, DOGE, and USDT, allowing users to participate in block production without investing in mining equipment or electricity costs. 

Users also receive a stable cash flow through automatic daily settlement. Instead of passively waiting for the long-term game of ETFs, investors are transforming digital assets from “static holding” to “dynamic interest generation” through COME Mining, locking in a more predictable value-added path during turbulent cycles.

COME Mining mobile application highlights

1. Mobile operation, participate anytime, anywhere: The simple and intuitive mobile interface allows users to view earnings, manage contracts, and adjust settings on their phones, providing a smooth experience.

2. Multi-currency support and flexible asset allocation: The platform supports payment and settlement of more than ten mainstream currencies such as BTC, ETH, DOGE, XRP, USDT, etc., meeting the diverse needs of investors.

3. Bank-grade security: Combining McAfee® and Cloudflare® dual protection and using distributed cold wallet storage, the app provides users with bank-grade encryption and fund security.

4. Registration and Login Rewards: New users can receive a $15 computing power reward upon registration, and receive $0.60 for daily logins, lowering the threshold and making it easy to get started.

5. Stable operation and 24/7 service: Flexible short-term and long-term contracts are available. The platform guarantees 100% uptime and provides 24/7 technical support, giving users peace of mind.

Three steps to start:

1.Register: Visit the official website and register with an email address.

2.Choose a contract: Flexibly choose a computing power plan based on a particular budget.

3.Enjoy the benefits: After contract activation, daily profits are automatically credited to an account, and users can withdraw or reinvest at any time.

Summary

In an environment where ETFs are blocked and market volatility is intensifying, COME Mining cloud mining has become a rational choice for investors. With its low threshold, transparency, and daily settlement model, it enables XRP and multi-currency assets to truly achieve stable appreciation. For long-term holders and new users, COME Mining is not only a “safe haven”, but also an important tool to promote the long-term value growth of digital assets.

For more information, please visit the official website.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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What an SEC No Action Letter Means for Solana DePIN Token DoubleZero

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In brief

  • The SEC issued a “no action” letter to Solana-based project, DoubleZero
  • The regulator indicated that its 2Z token does not resemble a security.
  • The token is set to debut on Friday alongside its mainnet launch.

The U.S. Securities and Exchange Commission issued a “no action” letter to DoubleZero on Monday, effectively blessing the project’s 2Z token days before its debut on Solana.

In a statement, the Commission said that it “will not recommend [an] enforcement action” against DoubleZero, which was established last year, and is building a high-performance fiber-optic network for blockchains while using tokens to incentivize participants.

The two-paragraph letter indicated that, based on its understanding of DoubleZero, the project’s 2Z token does not resemble a security. That marked the first time the SEC had made such an assessment in years, following a crackdown on token issuers under previous leadership.

Less than a week ago, DoubleZero submitted a 17-page letter to the Commission, asking it to weigh in on “programmatic transfers” to users participating in the network.



Former SEC Chair Gary Gensler once suggested that “everything but Bitcoin” is a security in the cryptosphere, but the agency’s latest move indicates that it thinks 2Z does not fall under its purview, according to Jack Graves, a professor at Syracuse University College of Law.

“It creates, in effect, a safe harbor based on an assumed set of facts,” Graves told Decrypt. “It allows everyone to operate with a little more clarity.”

DoubleZero’s mainnet-beta network is expected to go live on Friday. And users contributing resources to the network are set to earn 2Z as a reward, in relation to their performance and reliability. Eventually, tokenholders will be able to stake 2Z, per DoubleZero’s website.

The project was co-founded by Austin Federa, who formerly served as the Solana Foundation’s head of strategy. In a statement, he said that the decision “marks a major milestone for the U.S. digital asset industry” because it backs up the SEC’s talk of taking a more collaborative stance.

DoubleZero bills itself as a decentralized physical infrastructure network, falling under the umbrella of DePIN. The concept revolves around using blockchain to run and maintain decentralized networks of physical hardware, such as sensors.

In a statement, SEC Commissioner Hester Peirce, who is at the heart of Commission-wide efforts to modernize securities rules, described the way that DePIN projects use tokens as distinct compared to assets that it typically regulates.

“These tokens are neither shares of stock in a company, nor promises of profits from the managerial efforts of others,” she said. “They are functional incentives designed to encourage infrastructure buildout.”

The SEC has issued no action letters to crypto projects before, but Graves said the agency’s stance on Monday was still “fairly significant.”

He recalled one no-action letter in 2019, which allowed a company called TurnKey Jet to offer tokens that could be used to redeem on-demand private jet flights with clarity.

“That’s really not something that the SEC is concerned about,” he said. “But the people who are buying these tokens for private jet flights and operating Turnkey Jet can all move forward with a degree of confidence that they’re not going to have a securities violation problem.”

The SEC’s letter underscored several factors, including Turnkey Jet’s commitment to not funding its platform’s development with token sales, placing restrictions on the token’s ability to be transferred, and anchoring its marketing around the token’s functionality.

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Crypto Trends

SEC, CFTC Pledge Closer Cooperation, ‘Harmonization’ on Crypto and Market Oversight

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In brief

  • The SEC and CFTC leadership have called for “harmonization” after years of overlap and conflict.
  • The push comes amid rapid changes in U.S. crypto policy under the Trump administration.
  • Officials stressed cooperation, not consolidation, as the crypto industry pushes for clarity.

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) said Monday they will work more closely together, beginning with crypto markets, in an effort to reduce duplication and regulatory conflict.

The pledge came after a joint regulatory roundtable in Washington, D.C., and marks what leaders described as a turning point for American financial oversight.

“For too long, the SEC and CFTC have operated in parallel lanes, too often in conflict with one another, leaving the American public to bear the costs of duplication, delay, and uncertainty. That era is behind us,” SEC Chair Paul Atkins said in prepared remarks. “We are charting a new course, one that will solidify America’s position as the world’s financial leader.”

Alex Urbelis, general counsel and chief information security officer at Ethereum Name Service told Decrypt the lack of clarity and duelling rulebooks had stalled blockchain innovation in the US for many years now, but cautioned that achieving greater harmonisation between the two regulators wouldn’t necessarily be easy.

“Collaboration between market regulators is an excellent sound bite for crypto, but requires real work and likely the will of Congress to remove statutory overlaps,” Urbelis said, adding that, “The balance of investor protection and promoting innovation isn’t easy, and will always be a game of push and pull despite the best regulatory intentions.”

Crypto policy shifts

The announcement follows a shift in Washington’s posture toward crypto markets over the past year, with the return of the Trump administration pushing regulators to ease restrictions on digital assets.

Since early 2025, the SEC and CFTC have floated proposals to expand market trading hours to a 24/7 schedule, introduce regulatory exemptions for decentralized finance projects, and allow spot crypto assets to trade directly on U.S. exchanges. At the same time, the SEC has dismissed multiple enforcement actions against crypto firms, including Kraken, Cumberland and ConsenSys, signaling a broader pivot away from the aggressive crackdown that defined the Gensler era.

SEC Commissioner Mark Uyeda additionally emphasized the need for clearer lines of oversight as markets evolve. “Innovation rarely respects jurisdictional lines and often does not fit neatly into the statutory distinctions between ‘securities’ and ‘commodities’ written decades ago,” he said.



“Today, we have an opportunity to avoid the mistakes of the past and instead, together, build a regulatory architecture that evolves with our markets — not against them.”

The SEC has previously pledged to implement an “innovation exemption” for certain digital assets by year’s end as part of “Project Crypto,” an SEC initiative to lower regulatory burdens.

CFTC Acting Chair Caroline Pham echoed the call for collaboration, while pushing back on criticism of her agency’s work. “In recent years, the dynamic between our agencies could be described as one of competition rather than collaboration. That is not what this Administration wants. It is not what we want,” she said. “The CFTC is alive and well, and there needs to be no more FUD about what’s happening on the other side of town.”

Meanwhile, the CFTC under Pham has  increased its pace of enforcement and rulemaking actions, which she highlighted as proof the commission remains fully engaged.

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QMMM stock halted by SEC after crypto treasury plan surge
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QMMM stock halted by SEC after crypto treasury plan surge

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The U.S. Securities and Exchange Commission has suspended trading in QMMM Holdings after its stock jumped nearly tenfold on plans to build a $100 million cryptocurrency treasury.

Summary

  • SEC suspends QMMM after sharp rally.
  • Stock jumped 959% on $100M crypto treasury news.
  • Concerns raised over social media-driven manipulation.

QMMM Holdings Ltd. stock soared almost tenfold in less than three weeks on news of a planned cryptocurrency treasury.

According to a Sept. 30 report from Bloomberg, the suspension took effect after the Hong Kong-based advertising firm’s stock jumped 959% following its Sept. 9 announcement that it would build a $100 million diversified cryptocurrency treasury. 

QMMM stock sudden rally triggers scrutiny

The company said the strategy would initially focus on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) while exploring blockchain and artificial intelligence integrations.

The disclosure sparked heavy retail buying, with QMMM’s shares peaking above $260 intraday before pulling back to $119 at the time of the halt. Even at that level, the stock remained up more than 2,100% for the year. 

The SEC said it was concerned about “potential manipulation,” pointing to online posts by unidentified promoters urging investors to buy the stock. The suspension runs until 11:59 p.m. ET on Oct. 10. Nasdaq, where the company trades, declined to comment, while QMMM has yet to respond.

Crypto treasury trend under watch

QMMM is the latest firm to join a growing list of companies pursuing crypto treasury strategies, a trend popularized by MicroStrategy’s high-profile Bitcoin purchases. Supporters argue that digital assets can serve as reserves or yield-bearing holdings, but critics warn the moves can fuel speculation and expose firms to extreme volatility.

The SEC also halted trading in Smart Digital Group Ltd. for similar reasons after it announced plans to create its own cryptocurrency asset pool. Meanwhile, regulators have stepped up scrutiny across the sector, with the Wall Street Journal reporting ongoing probes into unusual trading linked to crypto-related corporate announcements.

Nasdaq has already tightened requirements, mandating shareholder approval for equity raises tied to crypto purchases. Analysts say the QMMM suspension highlights regulators’ intent to curb hype-driven rallies and could make exchanges more cautious when listing companies pursuing crypto treasury strategies.

When trading resumes in mid-October, QMMM may face sharp volatility, or further regulatory risk, depending on the outcome of the SEC’s review.



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21Shares Updates Solana Etf Filing Ahead Of Sec October Decisions
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21Shares Updates Solana ETF Filing Ahead of SEC October Decisions

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21Shares, an ETF issuer, has filed an updated S-1 for its proposed Solana (SOL) ETF, providing fresh details on staking and in-kind redemptions

The U.S. Securities and Exchange Commission (SEC) is reviewing the filing, with decisions expected in October. The amendment explains how the fund would handle redemptions in kind and clarifies staking procedures. 

Other issuers, including Franklin, Fidelity, CoinShares, Bitwise, Grayscale, VanEck, and Canary, have also submitted similar revisions in recent days as they actively respond to SEC feedback. Currently, about nine applications for Solana ETFs are pending with the SEC. 

SEC Decisions in October Could Shake The Markets

Meanwhile, October is gaining significance as a month for the crypto sector.The Several applications, including ETFs related to Solana, XRP, Litecoin, as well as Cardano, are expected to be decided upon by the SEC. Deadlines for these filings are spread throughout the month, and the SEC recently removed all delay notices, leaving the door open for approvals.

Earlier this month, the SEC approved updated listing standards for crypto ETFs, which may have streamlined the approval process.

Under the new rules, a crypto ETF must be listed on a heavily monitored market, have a futures contract overseen by the CFTC for six months, or be linked to an existing ETF holding at least 40% of the cryptocurrency.

Also Read: Polkadot’s Community Supports Plans For a DOT-Backed Stablecoin



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SEC Chairman Marks Crypto as 'Top Priority', Big XRP News Ahead?
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SEC Chairman Marks Crypto as ‘Top Priority’, Big XRP News Ahead?

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  • What’s coming for XRP?
  • Is $10 XRP realistic?

On Monday, September 29, Paul Atkins, Chairman of the Securities and Exchange Commission (SEC), publicly named crypto as a top priority for the agency during a brief interview with renowned American journalist Eleanor Terrett.

Paul’s statement has sparked fresh excitement across the crypto community as it aligns with growing speculation that the broader crypto market, with XRP at the center of attention, may be gearing up for major developments in the coming month.

What’s coming for XRP?

Atkins’ remarks came just hours after Eleanor Terrett broke the news that the SEC had asked issuers of XRP, Solana, Cardano, and Dogecoin ETFs to withdraw their pending 19b-4 filings.

While some commentators initially viewed the move as a setback for the crypto community, Terrett clarified that the opposite is true — the request is meant to speed up the approval process for these ETFs.

The withdrawal requests are consistent with the SEC’s recent approval of generic listing standards for all crypto ETFs. These new standards eliminate the need for issuers to submit individual 19b-4 forms. Instead, only an S-1 filing will be required, streamlining the process and paving the way for faster approvals.

With more than a dozen investment funds already filing for an XRP ETF and deadlines starting this week, the XRP community is increasingly optimistic that the altcoin could see a major breakout as early as October.

Is $10 XRP realistic?

Although XRP has struggled repeatedly to break through the $3.60 resistance level, market watchers remain confident that October could be the month when the token finally clears that barrier.

Source: CoinMarketCap

With the first XRP ETF expected to launch in October, community sentiment has shifted toward the possibility that XRP may soon reach price levels once thought “unrealistic.”

Industry experts predict that demand from institutional funds, combined with Ripple’s ongoing partnerships, could push XRP toward the $5–$7 range in the short term, while setting the stage for a long-term surge toward $10.



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