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WOLCOTT, N.Y. — A 67-year-old man from Wolcott has been arrested after a New York State Police investigation into lottery theft.
On Sept. 27, state police say David Miller was working at the Wolcott Elks Lodge when he generated $9,498 worth of New York State Quick Draw lottery tickets over several hours using the bar’s electronic terminal, and didn’t pay.
State police say while the tickets resulted in about $4,164 in winnings, the remaining $5,334 wasn’t paid. As a result, Miller was arrested and charged Friday with grand larceny.
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XRP is once again commanding attention across the crypto market as bullish momentum builds following Ripple’s latest escrow unlock, fueling speculation that XRP could be gearing up for a major breakout toward $3.50.
After climbing above the $2.50 mark for the first time in years, traders and analysts are turning increasingly optimistic about XRP’s next move. A combination of strong technical signals, growing institutional interest, and Ripple’s consistent token management has set the stage for what could become one of XRP’s most significant rallies of 2025.
Ripple has released 1 billion XRP—valued at approximately $2.5 billion at the current XRP price—as part of its regular monthly escrow schedule for November 2025. According to Ripple’s established procedure, the release aims to ensure liquidity and support operational needs while maintaining predictability in supply management.
Ripple’s routine release of 1 billion $XRP worth over $2.5 billion adds short-term liquidity, though most tokens typically return to escrow. Source: ZARcryptoTV via X
The company has been following this system since 2017, routinely unlocking 1 billion XRP and relocking 80–90% of the tokens back into escrow. This transparent process helps regulate the XRP market supply and prevents sharp price swings.
Ripple’s latest escrow movement comes amid renewed optimism in the XRP crypto market, with the XRP price today hovering around $2.50 and showing signs of further bullish activity.
Technical analysts and trading groups have spotted a strong bullish confirmation on lower timeframes for XRPUSDT, signaling an opportunity for a potential swing buy. According to a post by Team Setupsfx, the major upside target for the ongoing move stands at $3.50, though analysts noted the price could “move beyond that region” if momentum continues to build.
Bullish signals on smaller timeframes suggest a swing buy with a $3.50 target. Price could move higher—like and comment your next crypto pair! Source: Setupsfx on TradingView
Independent traders on social media platforms echoed the optimism. Popular crypto analyst @Steph_iscrypto highlighted a bullish expansion signal on the daily XRP/USD chart using EMA ribbons. “The next huge XRP rally is imminent,” the analyst posted on X, projecting a 28–71% rally from current levels.
Sentiment across the XRP market has been strengthening, fueled by growing institutional interest and confidence in Ripple’s ongoing developments. Influencers have noted that larger entities may have accumulated long positions during XRP’s consolidation phase, positioning for potential upside ahead of the next XRP bull run.
This aligns with historical performance data—November has typically been one of XRP’s stronger months, with average gains above 80% in several previous years. Analysts say that if this pattern holds, XRP could test higher resistance zones beyond $3.50, potentially revisiting its all-time high range in future market cycles.
As XRP builds strong bullish momentum, analysts are closely monitoring price action for confirmation of a sustained breakout. The current XRP price near $2.50 has already surpassed key resistance levels, and the $3.50 target represents the next major test for bulls.
XRP was trading at around $2.50, up 2.42% in the last 24 hours at press time. Source: Brave New Coin
While speculative enthusiasm remains high, traders caution that market volatility could intensify if profit-taking occurs around psychological price zones. Still, with increasing institutional participation and Ripple’s ongoing real-world adoption, the XRP price forecast for 2025 appears optimistic.
If momentum continues, XRP could not only hit its $3.50 target but also potentially enter a new expansion phase—reviving discussions about whether XRP could reclaim or surpass its previous all-time highs.
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The U.S. Securities and Exchange Commission (SEC) recently granted a delay in compliance deadlines for Regulation NMS, which affects the equity trading market. This delay, extending into 2026, could have important legal consequences for crypto exchanges such as Coinbase, Kraken, and Binance. These exchanges, facing SEC enforcement actions, now have a new line of defense based on the SEC’s own actions, potentially strengthening their legal positions in court.
On October 31, 2025, the SEC issued an exemptive order delaying the compliance deadlines for certain provisions of Regulation NMS. These regulations govern U.S. equity markets, including rules about minimum pricing increments, access fees, and transparency.
The delay was granted until February and November 2026, citing ongoing judicial review and funding lapses within the agency. According to SEC Chairman Paul Atkins, the relief was essential to “facilitate orderly market functions” amid regulatory challenges and a partial government shutdown.
The SEC’s decision impacts traditional stock exchanges, including Nasdaq and the New York Stock Exchange (NYSE). However, the broader significance lies in how this order could be applied to crypto exchanges that are under SEC scrutiny. Crypto exchanges have long argued that they need clearer rules and more time before being held to securities regulations. This delay now serves as a precedent for those platforms, providing a basis for requesting similar delays in their cases.
For crypto platforms like Kraken, Binance, and Coinbase, the SEC’s delay offers a new argument in their ongoing legal battles. These exchanges have consistently raised “fair notice” and due process defenses when facing SEC enforcement actions.
Their central argument is that the SEC cannot fairly enforce securities laws without providing clear and finalized rules for the crypto market. They contend that the lack of specific guidelines leaves them in a state of uncertainty, making it difficult to comply with the regulations.
The SEC’s decision to delay enforcement for equity markets, due to similar concerns about regulatory uncertainty, mirrors the arguments crypto defendants have made. These platforms claim that enforcement actions for failing to comply with unclear or incomplete regulations would violate their constitutional rights to due process. By acknowledging the need for delays in traditional markets, the SEC has now given crypto exchanges an additional legal tool to challenge enforcement actions in court.
The SEC’s exemptive relief for equity markets sets a precedent that crypto platforms can use in their defense. The order recognizes that enforcement without clear rules creates confusion and disorder. This aligns with the legal arguments made by crypto exchanges, who have faced lawsuits for operating unregistered exchanges and dealing with digital assets under ambiguous rules.
For example, Kraken and Bittrex have used similar arguments in their defense, claiming that they did not have fair notice about how to apply the SEC’s rules to crypto activities. Judges in some cases have allowed these defenses to proceed, highlighting the lack of clear regulatory guidance. The SEC’s delay in equity market regulations strengthens this defense by showing that even traditional financial institutions need more time to comply when the rules are uncertain.
With the SEC’s recent order providing relief to traditional exchanges, crypto exchanges are likely to use this development in their legal arguments. As the SEC has acknowledged that delayed compliance can be necessary when regulatory frameworks are still in flux, crypto lawyers will likely cite this reasoning in motions for stays, injunctions, and appeals. This strategy could buy more time for exchanges while the SEC works to finalize crypto-specific regulations.
Crypto exchanges are also expected to continue pushing for more clarity in how they can comply with U.S. securities laws. The SEC has yet to finalize rules governing the trading and custody of digital assets, leaving crypto platforms in a state of legal uncertainty. The recent delay in equity market regulations, however, offers a path for these platforms to argue for additional time and regulatory clarity, which could influence the outcome of current and future legal battles.
Kelvin Munene is a crypto and finance journalist with over 5 years of experience in market analysis and expert commentary. He holds a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University and is known for meticulous research in cryptocurrency, blockchain, and financial markets. His work has been featured in top publications including Coingape, Cryptobasic, MetaNews, Coinedition, and Analytics Insight. Kelvin specializes in uncovering emerging crypto trends and delivering data-driven analyses to help readers make informed decisions. Outside of work, he enjoys chess, traveling, and exploring new adventures.
TLDR SEC delays NMS compliance deadlines, offering crypto exchanges more time to comply. Crypto exchanges…


Bitcoin appears to be gearing up for a major move as key technical patterns align. A strong triangle support structure and a developing inverse head and shoulders pattern are signaling a potential bullish reversal. Momentum is tightening, suggesting that a breakout could be closer than it seems.
Massive Triangle Formation Holds Firm Amid Market Shakeouts
Batman, a well-known crypto analyst, recently highlighted that Bitcoin has been consolidating for several weeks within a massive descending triangle formation. Despite multiple shakeouts attempting to push the price lower, the key support level has consistently held firm, signaling underlying strength in the market.
Related Reading: Bitcoin At Key Retest: Bounce Or $98,000 Next?
He noted that the current setup represents a classic, textbook pattern often seen before an explosive breakout in price. Each test of support has been met with strong buying interest, showing that bulls are actively defending the lower boundary of the structure. The classic textbook formation suggests that Bitcoin’s price is coiling up energy for a potential breakout once momentum returns.
Batman remains highly optimistic about Bitcoin’s next move, stating that his target remains clear at $126,000. He cautioned traders not to underestimate the setup, emphasizing that the current price action could mark the calm before a major surge. In his view, this represents a big opportunity for those watching closely, as the market prepares for what could be the next explosive leg higher.
Technical Setup Hints At Shift From Consolidation To Expansion
According to GandalfCrypto in a current update, Bitcoin is currently forming a potential inverse Head & Shoulders pattern, which often signals a major trend reversal in technical analysis. The structure has been developing over the past few weeks, with clear left and right shoulders forming, while the neckline sits around the $115,000–$116,000 range. This area has become a key zone to monitor, as it represents the boundary between continued consolidation and a potential bullish breakout.
Related Reading: Here’s Why Bitcoin Market Dynamics Are Evolving As New Developments Surface Overnight
GandalfCrypto explained that if Bitcoin successfully breaks above this neckline with strong volume, it would validate the reversal pattern and likely trigger a surge toward the $130,000 target. Such a move would confirm renewed strength among buyers and could mark the beginning of a sustained bullish phase after weeks of sideways movement and uncertainty.
He further noted that momentum indicators are coiling tightly, reflecting a buildup of energy beneath the surface. GandalfCrypto emphasized the importance of patience and precision, waiting for a confirmed breakout rather than preempting the move, as this will distinguish traders who capture the next leg higher from those caught in false starts.
Select market data provided by ICE Data Services. Select reference data provided by FactSet. Copyright © 2025 FactSet Research Systems Inc.Copyright © 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved. SEC fillings and other documents provided by Quartr.© 2025 TradingView, Inc.

After the closing bell on Friday, XRP-linked ETFs XRPI and XRPR extended their advance in anticipation of a historic shift in digital-asset investing. NASDAQ:XRPI, tracking the XRP ETF, rose 6.72% to $15.08, while the REX Osprey XRP ETF (BATS:XRPR) climbed 7.19% to $21.02, both recording their strongest weekly performance in months. After-hours trading saw XRPI easing 1.19% to $14.90, signaling mild profit-taking before the next leg of accumulation. These moves come as Bitwise filed its final S-1 amendment with the SEC, potentially clearing the way for the first spot XRP ETF to begin trading as soon as November 13.
According to CryptoQuant, XRP reserves on exchanges fell 0.21% in the past 24 hours, marking a critical turning point ahead of ETF approval. The decline in available XRP supply coincides with renewed institutional buying, as funds shift assets off exchanges for long-term custody. Analysts interpret this as the start of a broader accumulation cycle, with traders positioning for the ETF’s debut.
The shrinking exchange reserves mirror similar pre-launch patterns observed before the approval of Bitcoin’s IBIT ETF and Ethereum’s ETHA fund, both of which triggered multi-week rallies. XRP-USD now trades around $2.51, down 0.15%, but the market’s reaction remains constructive as investors prepare for regulated exposure via XRPI and XRPR.
The key catalyst for XRP’s renewed momentum came Friday afternoon when Bitwise submitted its final S-1 amendment, described by analysts as the “last step” before approval. This move signals that SEC review is in its final phase, and trading could begin within 20 days. The filing also confirmed listing plans on the NYSE and detailed the fee structure, reinforcing operational readiness.
XRPI’s $15.08 close reflects investors’ growing confidence in imminent approval. Historically, ETFs nearing regulatory clearance tend to attract aggressive pre-listing bids from hedge funds and institutional desks seeking early exposure. VanEck’s Solana ETF and Canary Funds’ XRP application have also accelerated filings, creating a competitive race among issuers to secure first-mover advantage in the XRP ETF segment.
Ripple’s transformation from a “zombie chain” to a top-tier institutional network marks one of the most dramatic turnarounds in crypto. With its enterprise valuation approaching $30 billion, Ripple’s partnerships with global payment institutions have revived demand for XRP-based liquidity rails. Forbes’ recent removal of XRPL from its “zombie blockchain” list underscores this resurgence.
The REX Osprey XRP ETF (XRPR) has captured early inflows ahead of launch, closing at $21.02 with intraday highs of $21.06. Despite a 52-week range between $18.31 and $25.99, XRPR’s seven-percent daily gain hints at institutional front-running of the upcoming ETF debut. This surge reflects a shift from speculative trading toward regulated vehicles, aligning XRP with the broader ETF-driven structure now defining digital-asset investment.
The ETF wave led by Bitwise and VanEck represents the most significant structural expansion since the approval of Bitcoin’s spot ETFs. With Solana and Chainlink ETFs also advancing, investors are witnessing a rapid diversification of crypto exposure beyond the traditional BTC and ETH duopoly. The XRP filing is particularly symbolic because it reintroduces cross-border settlement assets into mainstream finance.
Analysts now expect ETF-driven inflows to reach $2–3 billion within the first month post-launch, based on historical parallels with Bitcoin’s $3.2 billion debut inflows in early 2024. If that trajectory holds, XRP could surpass $3.00 in the short term, positioning both XRPI and XRPR as liquidity leaders among the new generation of crypto ETFs.
From a technical standpoint, XRP-USD is consolidating near $2.50 support, with momentum indicators flashing early breakout potential. The 14-day RSI sits at 56, signaling balanced momentum with room for upside expansion. A daily close above $2.70 could trigger a short squeeze, paving the way for a target range of $3.10–$3.50 ahead of the ETF listing.
XRPI shows near-term resistance at $15.50, while XRPR faces a breakout zone at $21.40. Both funds have attracted steady pre-market volume, confirming growing speculative positioning by institutions anticipating the November 13 ETF launch window.
Beyond ETF excitement, Ripple’s technology continues to tackle real-world financial inefficiencies. In Europe, Axiology’s regulated blockchain project on XRPL aims to address a $5 trillion liquidity gap in cross-border settlement. This move reinforces XRP’s dual role as a payment utility asset and an institutional liquidity bridge, giving further credibility to its inclusion in regulated ETF portfolios.
With the European Union exploring tokenized infrastructure, Ripple’s established compliance record positions it favorably against unregulated alternatives. Institutional investors increasingly view XRP’s ledger technology as a payment infrastructure layer, not just a speculative token—further supporting the investment case for XRPI and XRPR ETFs.
The race between Bitwise, VanEck, and Canary Funds to secure ETF listings is reshaping the digital-asset landscape. VanEck’s Solana staking ETF, which integrates on-chain yield, highlights how issuers are innovating beyond basic exposure. The same model could eventually extend to yield-bearing XRP ETFs, adding a new income component for institutions once staking mechanisms are approved under regulatory frameworks.
This innovation cycle underscores how XRP’s entry into the ETF market is not merely symbolic—it is structural. The arrival of XRPI and XRPR will likely catalyze the altcoin season, as institutional allocators gain regulated channels to diversify portfolios beyond Bitcoin and Ethereum.
Based on current market data, technical patterns, and institutional flows, both XRPI (NASDAQ:XRPI) and XRPR (BATS:XRPR) appear in strong accumulation zones. The final Bitwise S-1 amendment signals imminent ETF approval, while Ripple’s improving fundamentals and declining exchange reserves strengthen the bullish case.
XRPI (XRP ETF): Buy – Price $15.08, short-term target $17.80, long-term $22.50
XRPR (REX Osprey XRP ETF): Buy – Price $21.02, short-term $23.50, long-term $28.00
XRP-USD: Buy – Price $2.51, short-term $3.10, mid-term $3.50–$4.00
With institutional money rotating toward regulated crypto exposure and Ripple’s valuation nearing $30 billion, the XRP ecosystem is on the verge of its most transformative phase since inception. The coming ETF debut window around November 13 could redefine altcoin market structure—anchored by XRPI, XRPR, and the institutional embrace of XRP as a core digital settlement asset
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