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Daily Market Wrap | Nov. 20

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Hot Topics

Federal Reserve December rate cut odds collapse to 30% after hot CPI data.

India plans January 2026 launch for ARC token, a debt-backed RWA security token for retail investors via regulated platforms.

BlackRock files for staked Ethereum ETF in Delaware, enabling built-in staking yields for investors while holding spot ETH.

Market Updates

Bitwise launches first U.S. spot XRP ETF under ticker XXRP, sparking confusion and backlash as many expected ticker “XRP” (already taken by an Asian fund), with XRP price dipping 3%.

Abu Dhabi’s sovereign fund Mubadala increases Bitcoin ETF holdings by 48% in Q3, adding $100M+ across BlackRock, Fidelity, and Grayscale products.

Aztec Network launches privacy-focused Ignition L2 chain on Ethereum mainnet, enabling confidential DeFi transactions with shielded pools and private tokens via hybrid zk-proof system.

ARC-6.99%
ETH-3.17%
XRP-3%
BTC-2.6%
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