Uphold revives XRP rewards card as crypto spending heats up

XRP and Solana have made headlines by reaching a record $3 billion in open interest for futures and options on the Chicago Mercantile Exchange. This surge reflects growing institutional interest, positioning these cryptocurrencies as viable alternatives to Bitcoin and Ethereum in the derivatives market. This milestone not only highlights the increasing acceptance of digital assets but also signals a shift in investor confidence, making it an exciting time for the crypto landscape.

Canary Funds has made a significant update to its S-1 filing for the XRP spot ETF, removing previous delays and aiming for a launch on November 13, pending Nasdaq's approval. This is an exciting development for investors and the cryptocurrency market, as it signals a potential new investment vehicle for XRP, which could enhance its legitimacy and accessibility.

XRP's price is experiencing a significant drop, reflecting broader trends in both the stock and crypto markets. The token has fallen to $2.4400, marking its lowest point since late October and a staggering 35% decline from its peak this year. This downturn is concerning for investors and highlights the volatility in the cryptocurrency space, making it crucial for traders to stay informed about market movements.

The ongoing debate about the purpose of XRP resurfaced on October 30, 2025, when crypto expert Scott Melker questioned its relevance in a market increasingly dominated by fiat-backed stablecoins. This discussion is crucial as it highlights the challenges XRP faces in proving its utility, which could impact its value and adoption in the cryptocurrency ecosystem.

Webull is making waves in the investment world by launching crypto futures for popular cryptocurrencies like Solana, XRP, and Dogecoin. This move, explained by Group President Anthony Denier, is part of Webull's mission to democratize access to crypto derivatives, making it easier for everyday investors to engage with these digital assets. This development is significant as it reflects the growing acceptance and integration of cryptocurrencies into mainstream finance, potentially attracting more users to the crypto market.

The XRP price is showing promising signs as the Relative Strength Index (RSI) climbs alongside it, indicating a strong bullish trend. Analyst EGRAG CRYPTO highlights that this alignment suggests sustained buying pressure, which is crucial for investors looking for positive momentum in the market. This development is significant as it reinforces confidence in XRP's upward trajectory, making it an exciting time for traders and enthusiasts alike.

XRP's price is facing significant selling pressure after a strong rejection from the $2.72 resistance level, indicating a growing weakness in momentum. As the price trends lower towards the $2 support, it highlights the challenges XRP is currently facing in the market. This situation is crucial for investors to monitor, as it could signal further declines or a potential recovery if support holds.

Uphold has reintroduced its debit card in the US, offering users up to 6% rewards in XRP. This move is significant as it could boost the adoption of cryptocurrency in everyday transactions, encouraging more people to integrate digital assets into their financial habits. By making crypto rewards accessible for daily spending, Uphold is paving the way for a broader acceptance of digital currencies in the mainstream economy.

The Ethereum Foundation is making significant strides with Linea, which is becoming a crucial component of Ethereum's economic framework. By facilitating faster and more affordable transactions while ensuring the security and composability of ETH, Linea is set to enhance real economic activities within the Ethereum ecosystem. This development is vital as it positions Ethereum for future growth and scalability, reinforcing its role in the crypto landscape.

The cryptocurrency market is facing significant challenges as prices continue to decline amidst ongoing macroeconomic and geopolitical uncertainties. Despite recent interest rate cuts and some positive developments in US-China trade negotiations, the overall sentiment in the crypto space remains negative. This situation is crucial as it highlights the fragility of the market and the impact of external factors on digital currencies, which could affect investors and the broader financial landscape.

Michael Saylor's company, MSTR, has reported an impressive net income of $2.8 billion for the third quarter, largely driven by soaring Bitcoin gains. This significant financial performance not only highlights the company's successful investment strategy but also underscores the growing influence of Bitcoin in the market. As more investors turn to cryptocurrency, MSTR's results could signal a positive trend for the industry, making it a noteworthy development for both investors and analysts.

Research indicates that onchain revenue is projected to approach $20 billion in 2025, highlighting a significant shift in the cryptocurrency landscape. This growth reflects a transition from mere speculation to genuine economic activity driven by users, showcasing the increasing maturity of blockchain technology. As fees reach nearly $19.8 billion this year, it underscores the potential for cryptocurrencies to play a vital role in the economy, making this development crucial for investors and industry stakeholders alike.

DYdX is making exciting plans to enter the US market by 2026, as announced by President Eddie Zhang. This decentralized exchange aims to offer spot trading for cryptocurrencies, which could significantly enhance trading options for users in the US. This move is important as it reflects the growing acceptance and integration of cryptocurrency platforms in mainstream finance, potentially attracting more investors and traders to the market.

Coinbase has reported impressive earnings for the third quarter, surpassing estimates with a revenue of $1.9 billion. This strong performance is significant as it reflects the growing confidence in the cryptocurrency market, especially with Coinbase's strategic move to purchase $300 million in Bitcoin. This not only boosts their balance sheet but also signals their commitment to the digital currency space, which could attract more investors and users to the platform.