Today at noon, I came across a few news stories and I feel that interesting changes are happening in the crypto circle.

First and foremost—XRP finally got its entry ticket. The Chicago Mercantile Exchange directly approved the 21Shares XRP ETF application, which means traditional finance is taking another big step towards accepting crypto assets. The ETF space is becoming increasingly lively.

Meanwhile, legislative progress in the US is also speeding up. The Senate has announced that they aim to finalize crypto-related bills before the holidays. Imagine the scene of lawmakers burning the midnight oil—probably even drinking cold coffee.

Another noteworthy trend: the CFTC has formed an Innovation Committee, bringing in a bunch of CEOs. From now on, regulators and industry leaders will have regular discussions, which is quite a fresh dialogue mechanism.

Gemini also has new moves— they obtained a license and are preparing to launch a prediction market. Not only can they trade coins, but in the future, people might even bet on questions like "Will Bitcoin hit a new high tomorrow?" This gameplay is definitely wild.

Avalanche has gone to the Middle East, setting up a foundation in Abu Dhabi. It’s quite a vivid picture of blockchain technology taking root in the desert. The Middle East is indeed wealthy and ambitious, so this move makes sense.

But market sentiment... according to Greeks.live data, it’s a bit of a wake-up call. Options traders generally feel that the momentum for a bull market restart is lacking, and the more likely scenario is a slow bottoming process. In plain language: don’t expect a rapid surge; patience might be more important than passion.

Finally, on the technical side: ETHZilla in the Ethereum ecosystem is planning to redeem over $500 million of convertible bonds early. This move is somewhat like paying off a loan early—just using crypto. Its financial health is quite reassuring.

Overall, infrastructure is improving, policies are advancing, but market enthusiasm... is still in a buffering period.