XRP ETF Approval Imminent? Bitwise Just Checked the Final Boxes

Bitwise’s Fourth S-1 Amendment Adds NYSE Listing and 0.34% Fee, Signaling Near-Final SEC Readiness

Bitwise Asset Management has taken a decisive step toward securing approval for the first U.S.-listed XRP exchange-traded fund (ETF). On October 31, the firm submitted Amendment No. 4 to its S-1 filing with the U.S. Securities and Exchange Commission (SEC), adding key details that suggest the filing is nearing completion.

### New Filing Highlights

The latest filing reveals that the XRP ETF will be listed on the New York Stock Exchange (NYSE) and will feature a 0.34% management fee. Industry experts view this update as a strong indication that Bitwise is close to getting regulatory approval.

Bloomberg’s senior ETF analyst Eric Balchunas commented, “Bitwise just updated their XRP ETF filing to include exchange (NYSE) and fee of 0.34%, which are typically the last boxes to check.”

### XRP ETF May Start Trading Soon

Historically, filings at this advanced stage tend to receive approval shortly after the review process concludes. The updated filing uses concise and clear language, which could expedite the SEC’s review. If the regulator does not delay, trading could start in about twenty days.

James Seyffart from Bloomberg Intelligence noted, “Only the Bitwise XRP ETF has the shorter language that might allow it to launch in 20 days. But tons of issuers are filing amended and updated documents past day+.”

### Canary Funds Eyes November 13 Launch

Several asset managers are working on similar XRP ETF products. Notably, Canary Funds recently removed a delay-related clause from its S-1 filing, which shifts timing control away from regulators.

According to Eleanor Terrett from Crypto America, Canary Funds is positioned for a possible November 13 launch, contingent upon Nasdaq clearing its 8-A filing in time. She added that government scheduling and SEC staff reviews could influence the final launch date.

Terrett explained, “The government reopening could affect the timing, potentially moving it up if the filing is complete and the SEC is satisfied, or pushing it back if staff propose additional comments.”

### Massive XRP ETF Inflows May Push Prices Higher

Optimism remains high regarding potential demand for an XRP spot ETF. Steven McClurg, CEO of Canary Capital, shared his outlook: “I may have been a little bearish. We’re going to hold to that number. If it hits that number, at least I’ll be right, and if it’s $10 billion, then I’m still right because we got at least $5 billion.”

McClurg noted that inflows of this scale would place the XRP ETF among the top 20 ETFs of all time, if not in the top 10.

### Existing XRP-Related Products Show Strong Interest

Previously introduced hybrid product REX-Osprey’s XRP ETF has already recorded net inflows of $124.9 million. This trading activity highlights significant institutional interest in XRP-related exchange products.

### XRP Price Outlook

Analysts believe that substantial inflows into an XRP spot ETF could sharply increase the token’s price, potentially reaching levels never seen before.

As of the latest update, XRP is trading around $2.50, up 1% in the past 24 hours. The token faces strong resistance near $2.75. If buyers push above that level, the price could reach $3.00.

However, if selling pressure intensifies, the price may drop to approximately $2.00, representing a 20% decrease from the current price.

Overall, Bitwise’s recent filing amendments and growing interest from major asset managers signal promising developments for the launch of a U.S.-listed XRP spot ETF, with potential market impact expected in the near term.
https://bitcoinethereumnews.com/tech/xrp-etf-approval-imminent-bitwise-just-checked-the-final-boxes-3/?utm_source=rss&utm_medium=rss&utm_campaign=xrp-etf-approval-imminent-bitwise-just-checked-the-final-boxes-3

2 men face sentencing in plot to kill Iranian American journalist

NEW YORK (AP) — A plot to assassinate Iranian-American journalist Masih Alinejad at her Brooklyn home came “chillingly near success,” prosecutors told a judge who will sentence two reputed Russian mobsters.

Prosecutors are seeking 55-year prison terms for Rafat Amirov, 46, and Polad Omarov, 41, at their sentencing on Wednesday in Manhattan federal court. Prosecutors said Amirov, of Iran, and Omarov, of Georgia, were crime bosses in the Russian mob.

Lawyers for Amirov argue he should not spend more than 13 years behind bars, while Omarov’s attorneys have called for a 10-year prison sentence.

The men were convicted in a two-week March trial that featured dramatic testimony from a hired gunman and Alinejad, an author, activist, and contributor to Voice of America.

Alinejad said in a message to supporters Tuesday that she planned to be in court to face the men prosecutors say were high-ranking members of the Gulici, a faction of the Russian Mob responsible for murders, assaults, extortions, kidnappings, robberies, and arsons in the United States and abroad.

“They’ll receive their sentence, and I’ll speak my truth in my impact statement,” she said.

Alinejad, 49, led online campaigns encouraging women in Iran to record videos exposing their hair to protest mandatory head covering laws in public.

Prosecutors revealed that Iranian intelligence officials first plotted in 2020 and 2021 to kidnap Alinejad in the U.S. and move her to Iran to silence her criticism.

In July 2022, Iran allegedly offered $500,000 in an attempt to kill Alinejad after efforts to harass, smear, and intimidate her failed, prosecutors said.

Court documents state that Alinejad was targeted by the Iranian government because she “dedicated her life to exposing the cruelty, corruption, and tyranny of the Islamic Republic.”

When Amirov and Omarov were offered the $500,000 bounty, they “appeared completely incurious about who they were plotting to murder and why,” prosecutors wrote. “Amirov and Omarov were interested in one thing only: their own power and wealth.”

Prosecutors emphasized that the plot “came chillingly near success,” interrupted only by Alinejad being out of town while a hired gunman persistently tried to locate her, and because of the “diligence and tenacity of American law enforcement, which detected and disrupted the plot in time.”

Lawyers for Amirov argued in court documents ahead of sentencing that no one was physically hurt and their client’s involvement in the plot was “minimal, if not non-existent.”

Omarov’s lawyers called for leniency, citing threats to his life following the 2020 killing of a relative who was a reputed leader of the “thieves-in-law” criminal organization in Russia and Azerbaijan.

Omarov was extradited to the U.S. in February 2024, a year after his detention in the Czech Republic.

Alinejad testified at the March trial that she came to the United States in 2009 after she was banned from covering Iran’s disputed presidential election and the newspaper where she worked was shut down.

Establishing herself in New York City, she built an online audience of millions and launched her “My Stealthy Freedom” campaign encouraging Iranian women to expose their hair when the morality police were not around.

The investigation remains open. In October 2024, prosecutors announced charges against a senior Iranian military official and three others, none of whom are currently in custody.

Since the assassination plot was uncovered, Alinejad said she has moved nearly two dozen times for her safety.

https://ktar.com/national-news/2-men-face-sentencing-in-plot-to-kill-iranian-american-journalist/5767087/

AI data center in Louisiana brings unwanted construction, rising energy bills

Lisa Hopkins bought her house in Louisiana’s Richland Parish two years ago. However, lately, her family only finds peace and quiet on their front porch at night, after construction stops for the day. That’s because Meta, the company that owns Facebook and Instagram, is now building its largest artificial intelligence data center in the country right across the street.

“It’s always noise, all the time,” Hopkins told CBS News. She added, “We honestly didn’t know how big of a scale it was gonna be. Some mornings it’s hard to get out of our driveway, just because of all the dump trucks.”

### The $10 Billion Project and Economic Hopes

Louisiana approved the $10 billion project in August, expressing hopes that it would bring economic growth to the region. However, some experts warn that the data center’s massive power demands could raise electricity bills for customers statewide.

The state’s main utility company, Entergy, has agreed to pay for a $550 million transmission line to supply power to the center. Experts say this cost will likely be passed on to the 1.1 million customers served by Entergy Louisiana. This raises concerns in a parish where nearly a quarter of the population lives in poverty, according to the state’s utility commission.

### Impact on Energy Prices

The potential increase in utility bills is not the only concern. State officials who approved the plan admit that the increased energy demand from the data center could, in turn, push gas prices higher.

“This single data center is set to span an amount of land that is about 70 football fields worth of land, and it’s going to consume roughly three times the amount of electricity that the entire city of New Orleans consumes on an annual basis,” explained Paul Arbaje, an energy analyst with the nonprofit Union of Concerned Scientists, in an interview with CBS News.

The Hopkins family showed CBS News their recent power bills, which indicated that fuel costs increased by about $13 a month compared to last year.

### Broader Impacts Across the Country

As the nationwide construction boom in new data centers continues, other communities are already feeling the impacts. Customers in at least 13 states have reported higher utility bills linked to the development of new data centers, according to the Institute of Energy Economics and Financial Analysis.

“We’re all kind of sharing the pain in that fight,” Arbaje said. “It’s up to state regulators, really, to step in and protect consumers and make sure that tech companies and utility companies are paying their fair share for this development.”

### Meta’s Response and Community Investments

Meta’s head of community development in North America, Katie Comer, said the company is working closely with Entergy to reduce impacts on customers. She told CBS News that Meta has “invested a million dollars into their bill pay assistance program to support low-income families.”

Addressing residents’ concerns about the impact on the neighborhood, Comer stated, “We are actively on the ground every day. We want to listen and learn and meet the community where they’re at.”

In addition, Meta is investing $200 million into local infrastructure projects and partnering with local school programs to support the community’s long-term development.

“This community as a whole is incredibly special,” Comer said. “We’ve been very proud of the work that we’ve been able to do together. I am extremely excited about the work that we will do in the future together.”

### Differing Perspectives and Local Sentiments

Entergy has suggested that Meta’s arrival in Louisiana could actually lead to lower power bills for customers. In a statement, the company indicated that resilience upgrades linked to the project could reduce electricity costs by up to 10%.

However, residents remain skeptical. Donna Collins, who has lived in the region her entire life, expressed hope that the company’s promises prove true but remains cautious. “I’m going to have to see it to believe it,” Collins told CBS News.

Collins also said that outreach from the state and Meta requesting local input was lacking. “I definitely don’t feel like I had a say, and I don’t know many people that do,” she said.

Hopkins echoed those concerns, sharing that she never received any notices about public hearings in the mail. “It’s not fair. It’s not something that we asked to be put here,” she said.

The construction of Meta’s massive AI data center in Richland Parish highlights the complex balance between economic development and community impact. As the project moves forward, many local residents remain watchful about how it will affect their daily lives and utility costs.
https://www.cbsnews.com/news/meta-ai-data-center-richland-parish-louisiana-energy-costs/

Trump says he wrapped call with Putin, calls it “very productive”

President Trump posted on social media on Thursday that he had a “very productive” call with Russian President Vladimir Putin.
https://www.cbsnews.com/video/trump-says-he-wrapped-call-with-putin-calls-it-very-productive/

Deepika Padukone becomes Meta AI’s first Indian voice, joins global roster including Awkwafina, Judi Dench and more!

Deepika Padukone has created history by becoming the first Indian to lend her voice to Meta AI, the virtual assistant integrated into Meta’s ecosystem, including the Ray-Ban Meta smart glasses. She joins a prestigious global lineup of voices for the AI assistant, featuring Hollywood celebrities such as Awkwafina and Judi Dench.

This collaboration marks a powerful intersection of technology and culture, positioning Deepika as a bridge between global innovation and Indian identity. Meta announced that users in India will now be able to interact with Meta AI through Deepika’s voice, available in Indian English. Alongside this, the company introduced full Hindi language support and UPI Lite payments, making the experience more localized and personal.

The biggest talking point remains Deepika’s voice — warm, poised, and unmistakably familiar. Known for her global influence and grounded presence, Deepika brings authenticity and emotion to a space often dominated by synthetic tones. Her voice adds a human touch to artificial intelligence, turning digital interactions into something relatable and distinctly Indian.

For millions of users, hearing Deepika guide them through tasks or respond to questions adds a sense of comfort and connection rarely found in technology. This partnership also represents India’s growing significance in the global tech landscape. By featuring Deepika, Meta acknowledges India’s cultural power and linguistic diversity.

This move goes beyond mere convenience; it celebrates representation and the inclusion of an Indian identity within a global product. For Deepika, this step expands her influence beyond cinema into the realm of digital innovation. It’s another milestone in a career defined by versatility, intelligence, and impact.

With this collaboration, she becomes not just the voice of Meta AI but the voice of a new era where technology feels a little more human, and a lot more Indian.

**Also Read:**
Deepika Padukone’s 8-hour work rule sparks debate: Hansal Mehta, Hema Malini, and Sharmila Tagore weigh in

**BOLLYWOOD NEWS LIVE UPDATES**
https://www.bollywoodhungama.com/news/bollywood/deepika-padukone-becomes-meta-ais-first-indian-voice-joins-global-roster-including-awkwafina-judi-dench/

Video of Nepali hostage Bipin Joshi to be released Wednesday evening, family confirms

**Video of Nepali Hostage Bipin Joshi to Be Released Wednesday Evening, Family Confirms**

Israeli intelligence has obtained new footage of Nepali hostage Bipin Joshi, who was abducted from Kibbutz Alumim on October 7. The video is scheduled to be released on Wednesday evening, according to an announcement from the Hostage Family Forum.

The Hostage Family Forum confirmed earlier on Wednesday that Israeli intelligence units have acquired the video of Bipin Joshi. This new development brings hope to the family and those following the situation closely.

Further updates are expected following the video’s release later this evening.
https://www.jpost.com/israel-news/article-869776