📢 Today’s Top Crypto Headlines: 💼 Circle Reports Strong Q3 Earnings • Revenue +66% YoY → $740M (beat expectation: $707M) • Net profit +202% → $214M, EPS $0.64 (vs. $0.183 expected) • Despite strong performance, stock fell due to: • Upcoming large token unlocks • Heavy reliance (95%) on interest income, vulnerable to falling rates • USDC usage rising, but B2B growth still early-stage 📈 XRP ETF Set to Debut on Nasdaq • Canary XRP ETF launching Nov 13 • Supports physical + cash redemption models • Expected to broaden institutional & retail access • SoSoValue to offer real-time ETF dashboard 🏛️ SEC Chair Gives Digital Asset Classification Guidance • Asset form does not change whether it’s a security • Classification depends on economic reality, not naming • Assets relying on efforts of others → likely securities (Howey Test) • Network tokens, collectibles, decentralized tools → less likely securities • Aligned with the Clarity Act direction ⚖️ Dubai Freezes $456M Linked to TrueUSD Reserves • First-ever global asset freeze by Dubai’s Digital Economy Court • Allegations: TUSD reserve funds used for loans & private investments • Redemption rush caused liquidity crisis • Justin Sun reportedly provided emergency funds to restore reserves • Highlights stablecoin reserve mismanagement risks ⛔ Hyperliquid Halts Trading After Manipulation Allegations • Exchange paused operations following POPCAT price manipulation claims • One trader used 19 wallets to build a $30M leveraged long • Buy wall removed → POPCAT –19% • Liquidity provider vault suffered $4.9M loss • Community questions Hyperliquid’s true decentralization after quick system shutdown Discover real-time, AI-powered market insights, only with SWFTGPT! 📲 Listen now: