Bitcoin and Ethereum experienced notable gains over the weekend as the U.S. Senate advanced a deal to end a 40-day government shutdown, boosting market sentiment. Analysts observed that this development improved liquidity and provided clarity on policy, with traders optimistic about President Trump’s proposed tariff dividend acting as a favorable factor.
In related news, Coinbase has launched a public token sales platform that reopens U.S. retail access to ICO-style launches for the first time since the SEC’s regulatory measures in 2018. Unlike traditional first-come, first-served systems, Coinbase’s new platform employs a “filling up from the bottom” algorithm to promote broader distribution and reduce concentration among large buyers. Users who sell tokens within 30 days post-listing may face reduced future allocations to encourage genuine engagement with the projects. The initiative follows Coinbase’s recent acquisition of Cobie’s on-chain fundraising platform Echo for approximately $375 million.
Meanwhile, Monad, an Ethereum-compatible Layer 1 blockchain project, has set November 17 for a public token sale on Coinbase’s new platform, offering 7.5% of its 100 billion MON supply at a price of $0.025 each. The project disclosed that over 50% of MON will be locked at launch, which includes allocations for the team, investors, and treasury. A significant portion, 38.5%, will be allocated for ecosystem development, while the remaining share will address community engagement through airdrops.
The Depository Trust and Clearing Corporation (DTCC) recently listed five spot XRP ETFs from prominent issuers, generating excitement for their potential launches this month. These listings include funds from Bitwise, Franklin Templeton, 21Shares, Canary Capital, and CoinShares. Despite the listings being seen as positive, the actual launch will depend on the timely approval of revised S-1 filings. Industry expectations are rising, particularly with reports that Canary Capital is ready to introduce its XRP ETF shortly.
In hardware wallet news, Ledger CEO Pascal Gauthier revealed plans for an IPO in New York or a private funding round in the upcoming year, emphasizing the city as a central hub for crypto investment. He noted that Ledger is experiencing a strong financial year, attributing its success to growing demand for crypto hardware solutions.
In significant investment activity, the treasury firm Strategy purchased an additional 487 BTC for $49.9 million, raising its total holdings to approximately 641,692 BTC, valued at around $68 billion. The purchases were financed through proceeds from preferred stock programs, signaling ongoing confidence in Bitcoin as a key asset.
As the week unfolds, economic calendar events remain sparse, with ECB President Christine Lagarde scheduled to speak on Tuesday, and a token unlock for Aptos anticipated, alongside the Mining Disrupt Conference & Expo commencing in Texas.
