Injective, Lido, Chainlink, and XRP are all seeing key developments this week, while the Cardano Summit kicks off on November 12.
The crypto market’s total capitalization rose 4.25% over the past 24 hours, as Bitcoin continues to struggle near the $110,000 threshold.
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### U.S. Government Shutdown Impact
The U.S. government shutdown, which began on October 1, has now stretched into its 41st day, with the Senate repeatedly holding votes on the House-passed continuing resolution—most of which have failed along party lines. On November 9, several senators negotiated a bipartisan agreement, offering a potential path toward reopening the government.
The prolonged shutdown has forced key federal agencies, including the Securities and Exchange Commission (SEC), CFTC, and the Treasury Department, to pause or delay critical operations. This slowdown has impacted regulatory reviews and market oversight significantly.
Despite these challenges, several crypto projects—Chainlink, Ripple, Cardano, Injective, and Lido—remain strong and appear to be setting the stage for an upward trajectory across the digital asset market.
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### 1. Chainlink (LINK)
Chainlink is kicking off its Rewards Season 1 on November 11, inviting LINK stakers to participate in a build-partner ecosystem. Nine “BUILD” partners, such as Space and Time (SXT), Dolomite (DOLO), and others, will distribute tokens to eligible LINK stakers.
This initiative builds on the earlier “Season Genesis” distribution of 100 million SXT tokens. The staking incentives aim to reduce circulating supply and increase engagement within the Chainlink ecosystem.
Token performance ahead of the launch is already showing strength, reflecting rising expectations. At the time of writing, Chainlink is trading at $16.49, reflecting a 6.71% increase over the past 24 hours.
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### 2. Injective (INJ)
The Injective token is the native utility and governance asset of the Injective Protocol, a high-speed, interoperable layer-one blockchain built specifically for decentralized finance (DeFi) applications.
Injective is set to deploy its Altria Upgrade on November 11, following strong community approval for Proposal IIP-583. According to the network’s announcement, the upgrade promises enhanced Ethereum Virtual Machine (EVM) compatibility, real-time transaction speeds, and instant finality, targeting use cases in derivatives, trading, and tokenization.
Ahead of the upgrade, INJ has seen some price momentum, with an 8% gain over the past week in anticipation of these improvements.
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### 3. Cardano (ADA)
Cardano is currently the tenth-largest cryptocurrency by market capitalization, valued at about $21 billion.
As detailed in previous reports, the network will convene its Cardano Summit 2025 in Berlin from November 12-13, featuring over 75 speakers discussing enterprise blockchain, partnerships, and roadmap updates. Following the Berlin event, Buenos Aires will host the Cardano Tech Summit LATAM on November 15, organized by Ada Solar and featuring preliminary hackathon events at the University of Buenos Aires (UBA).
Despite the upcoming events, ADA remains down 30% year-to-date and over 80% below its all-time high of $3.10. At present, ADA is trading around $0.5950.
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### 4. Lido DAO (LDO)
On November 11, Lido DAO is scheduled to hold a token-holder update. While officially described as a routine session, market observers are paying close attention, given the possibility of governance adjustments or tokenomics updates that could trigger significant market reactions.
Lido’s substantial Total Value Locked (TVL) of approximately $31.24 billion and its central role in the Ethereum liquid staking ecosystem mean that any major announcement could have far-reaching implications. Such developments may influence not only LDO’s price action but also create ripple effects across DeFi protocols.
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### 5. Ripple (XRP)
Several asset managers, including Canary Capital, Bitwise, Franklin Templeton, and 21RP ETFs, have introduced uniform language designed to expedite the SEC approval process for spot XRP ETFs.
As highlighted by Crypto News Flash, the fact that all five proposed spot XRP ETFs are now listed on the Depository Trust & Clearing Corporation (DTCC) further strengthens the view that XRP functions as a non-security asset.
If XRP ETF approval moves forward, it could expand institutional access to XRP and boost on-chain activity.
The market has already responded positively, with XRP surging 6.32% over the past week and 12% in the past 24 hours to reach $2.55, breaking above the $2.50 resistance level. Trading volume has also spiked, increasing 116% to 5 billion.
From a technical perspective, if buyers can push XRP past the $2.60–$2.65 resistance range, this recent upward momentum may continue toward the $3 mark.
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Stay tuned for more updates as these developments unfold across the crypto landscape.
https://bitcoinethereumnews.com/tech/top-5-altcoins-with-big-developments-this-week-ada-link-xrp-among-leaders/