AiCoin Daily (November 20th)

[Analyst Predicts Bitwise XRP ETF Trading on Thursday, Grayscale Dogecoin ETF May Launch Next Week] Bloomberg analyst James Seyffart stated that Bitwise's XRP ETF (ticker: XRP) is expected to begin trading on Thursday. Grayscale and Franklin Templeton's XRP funds, as well as Grayscale's Dogecoin ETF, could launch as early as next Monday. Recently, Canary Capital's XRP fund (ticker: XRPC) achieved a first-day net investment of $58 million, surpassing the initial performance of Bitwise's Solana ETF. Currently, the total assets under management for the 11 Bitcoin funds listed in the U.S. exceed $130 billion.

[UAE Sovereign Fund Al Warda Says Bitcoin is as Important as Gold] The UAE sovereign wealth fund Al Warda stated that Bitcoin is 'playing an important role alongside gold' and expects to hold Bitcoin assets long-term, reflecting its strategic allocation approach.

[South Korean Regulators Consider Allowing Tech Giants to Issue Stablecoins] On November 20, it was reported that the South Korean Financial Services Commission (FSC) is considering allowing non-financial industry companies to issue stablecoins. Some industry insiders have expressed concerns, believing that the entry of technologically advanced large fintech companies into the stablecoin market could weaken the competitiveness of banks, leading to technology-driven competition between banks and tech giants. South Korean President Lee Jae-myung had promised to open the stablecoin market to domestic participants before his election in June, but opposition from the Bank of Korea to granting issuance rights to non-financial companies has hindered the progress of this commitment.

[U.S. Stock Market Closes with Broad Decline in Crypto Sector, BMNR Drops Over 9%] At the close of the U.S. stock market, the Dow Jones rose 0.1%, the S&P 500 Index rose 0.38%, and the Nasdaq Composite Index rose 0.59%. The crypto sector saw widespread declines, with BMNR down 9.6%, COIN down 1.72%, CRCL down 8.98%, and MSTR down 9.82%.

[One-Year and Five-Year LPR Unchanged for Six Consecutive Months] The People's Bank of China announced that the one-year Loan Prime Rate (LPR) remains at 3%, and the five-year LPR remains at 3.5%, marking six consecutive months without adjustments.