The U.S. Treasury and Internal Revenue Service issued Revenue Procedure 2025-31 on November 10, enabling exchange-traded products holding digital assets to stake and distribute rewards without creating immediate tax liabilities for investors. Treasury Secretary Scott Bessent said the guidance aims to enhance investor benefits and support U.S. leadership in blockchain innovation. The safe harbor requires ETPs to meet specific operational criteria, including SEC approval and use of third-party custodians.

The U.S. Senate advanced a continuing resolution to fund federal agencies through January 30, 2026, ending a 41-day government closure. The reopening restores critical inflation data releases and Treasury auction schedules. The October Consumer Price Index will be released on November 13, with the Producer Price Index following on November 14.

Canary Capital has received regulatory approval for the first U.S. spot XRP exchange-traded fund. The ETF will trade on Nasdaq under ticker XRPC starting Thursday, November 13, 2025. The firm filed Form 8-A with the SEC on November 10, completing the final regulatory requirement before market launch.

Business intelligence firm Strategy purchased $50 million worth of Bitcoin on Monday at an average price of $102,557 per coin, marking its largest acquisition since late September. Shiba Inu broke above the $0.00001 price level after trading below this threshold for several weeks. Ripple Labs reached a $40 billion valuation following a $500 million funding round, CNBC reported.

Bitcoin approached $110,000 over the weekend but failed to sustain the level despite favorable catalysts including Trump's proposed $2,000 tariff dividend and progress toward resolving the government shutdown. Analysis identifies a resistance zone between $107,000 and $118,000, driven by increased selling from long-term holders, macroeconomic headwinds, and weakening conviction that positive headlines have been unable to overcome.

Canary Capital secured Nasdaq approval for XRPC, the first U.S. spot XRP exchange-traded fund, with trading set to commence Thursday following final regulatory clearance. XRP climbed nearly 10% following the announcement. The fund aims to provide institutional investors with regulated exposure to XRP.

DTCC records indicating XRP ETF preparations reflect operational readiness for settlement infrastructure, not regulatory authorization. Actual approvals require an effective S-1 registration statement and an exchange listing circular specifying ticker and launch date. Under the SEC's generic commodity-based listing framework adopted in September, issuers must complete registration before trading can commence.

XRP is trading at $2.46, up 9% over the past week despite a 3% decline in the last 24 hours. Market analysts are closely monitoring the $2.70 resistance level and key moving averages as the token consolidates near recent highs. Technical observers note that a break above $2.70 could open the path toward $3.20, while failure to hold the 55-week moving average might bring $1.90 into play as critical support.