End of the U.S. government shutdown

End of the U.S. government shutdown

After more than 40 days of paralysis in U.S. federal agencies, the longest shutdown in the country’s history has finally ended with a newly signed budget agreement. This administrative breakthrough lifted the pressure that had been weighing on financial markets and allowed economic flows to return to normal.

European stock markets reacted immediately. The CAC 40 climbed to a new high above 8,300 points, while the indices in London, Madrid, and Milan also reached historic records, signaling strong enthusiasm for European equities.

This rebound is largely attributed to the “release effect” of liquidity that had been previously frozen. Analysts describe it as an indirect injection of available capital triggered once political uncertainty faded. This dynamic benefits risk assets and equity markets now perceived as freed from a major obstacle.

In the crypto-asset sector, the reaction is more mixed. While overall optimism supports market sentiment, the effects remain uneven. The macroeconomic environment still calls for caution, especially since the agreement is only temporary and budget negotiations are still ongoing.

Overall, the end of the U.S. shutdown is reigniting appetite for financial assets, particularly in Europe. The real challenge ahead will be determining whether this rally is sustainable amid global economic uncertainties and upcoming decisions in Washington.

First XRP spot ETF

The first-ever spot ETF backed by XRP, launched by Canary Capital, saw an exceptional debut, attracting nearly 250 million dollars on its first day. This unprecedented amount marks the strongest launch for a crypto ETF in 2025. The performance far exceeded expectations and stands as the sector’s record for the year.

The launch comes at a strategic moment. The crypto community had been waiting for an XRP product of this kind, following previous ETFs based on Bitcoin and Ethereum.

Beyond the inflows, this success highlights a shift in perception around XRP. Long viewed as a “controversial” altcoin, it has been gaining ground as an infrastructure asset supported by strategic partnerships and clearer regulatory recognition. The launch of this ETF represents a major step toward broader adoption of XRP in institutional-grade portfolios.

Still, while this momentum is promising, it does not guarantee a purely bullish outlook. The large capital inflow also raises expectations and could increase volatility. Market participants will now closely monitor the ETF’s long-term performance, liquidity, and the behavior of the underlying token to determine whether this is a breakthrough moment or simply a strong start.

JPMorgan takes a stake in Bitmine Immersion Technologies

JPMorgan Chase has disclosed ownership of nearly 2 million shares of Bitmine Immersion Technologies, valued at about 102 million dollars as of September 30. This position, revealed in a filing with the SEC, represents one of the most significant exposures by a major U.S. bank to a company directly connected to the Ethereum ecosystem. The move is part of a broader trend in which Wall Street is gradually increasing exposure to digital assets through publicly traded companies rather than direct cryptocurrency holdings.

Bitmine, once known for its Bitcoin mining activity, underwent a major strategic pivot in 2025. The company repositioned itself as one of the largest institutional holders of Ethereum, with more than 3.24 million ETH in reserves. This shift attracted traditional investors interested in a hybrid model combining blockchain technology, digital asset management, and specialized energy infrastructure.

For JPMorgan, taking a stake provides indirect yet meaningful exposure to Ethereum while avoiding regulatory constraints and operational risks tied to holding ETH directly. Major banks increasingly favor this strategy, which balances regulatory caution with the desire not to miss the growth of digital finance. The move also confirms that companies holding large amounts of crypto are becoming preferred investment vehicles for accessing the market without holding tokens.

However, the strategy is not without risks. Bitmine’s valuation is heavily tied to Ethereum’s price and how its reserves are managed. Significant volatility could directly impact the bank, which nonetheless appears to be betting on the long-term potential of the Ethereum network. With this move, JPMorgan is sending a strong signal: Ethereum infrastructure is no longer seen as peripheral but as a central component of future financial innovation.