"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the fake ETF filing that sent XRP higher by more than 10%, before the token gave back those gains.
What caused a ripple in Xrp trading and Disney dives into NFTS again. Welcome to Coin Desk Daily. I'm your host, Jens. All right, let's take a look at the markets. The coin desk, Bitcoin price XPX index is currently trading slightly lower around $36,200 after the release of new us inflation data, the consumer price index was unchanged in October after increasing 0.4% in September. Now let's take a closer look. Solana's native token Seoul has continued its month long rally adding another 25% this week which brings its month on month return to 100 and 40% making it the top performing major Cryptocurrency. The rise is thanks to long term optimism for its Blockchain technology and popularity among crypto circles. Meanwhile, Xrp went on a roller coaster ride for the last day. It rose by more than 10% before the token gave back those gains. The rise and fall happened after a fake filing suggested Blackrock was attempting to launch an XRP. ETF Blackrock has previously filed with the SEC to launch spot Bitcoin and Ether ETF S Coinbase has released a new report on the market impact those ETF S could have. It says if approved spot, Bitcoin ETS will open Cryptocurrency markets to new classes of investors. Coinbase head of institutional research says ETF S will quote, ease the restrictions for large money managers and institutions to buy and to Bitcoin which will improve liquidity and price discovery for all market participants and quote. And there's a new NFT partnership between Disney and Dapper Labs. It's called Disney Pinnacle and it's inspired by the pins that Disney sellss at its theme parks. It will offer digital collectibles based on Disney Pixar and Star Wars Characters. Disney Pinnacle is set to launch later this year and the waitlist is now open. That's a wrap for coin desk daily, get more updates on coindesk dot com and we'll see you next time.