This week in crypto, BeInCrypto unpacks everything from Donald Trump’s historic election, its impacts on Bitcoin and SEC Chair Gary Gensler, to new XRP ETF applications amidst institutional support, and a major new upgrade for Cardano.

These chaotic and interrelated developments have spurred bullish sentiment across the entire crypto community.

Cardano’s Node 10.11 Upgrade Opens New Era

On November 1, the Cardano-led member organization Intersect MBO launched the Node 10.11 update. It was the first mainnet update for the platform to support the Chang #2 hard fork. This update offered several major technical and democratic innovations, and will hopefully mark a new era in Cardano’s maturity as an on-chain governance model.

“Following a successful Chang #2 hard fork, decisions on the Cardano blockchain will be shaped and voted on via fully decentralized governance, as detailed in CIP-1694,” Intersect stated.

However, although the community was excited about these decentralization upgrades, it has also taken an increasingly polarized view of Cardano founder Charles Hoskinson. Hoskinson posted a poll via social media, asking, “Is Charles Hoskinson a Cancer for Cardano?” The results were almost a perfect tie, highlighting the community’s mixed views of him.

Grayscale Offers XRP Trust, 21Shares’ ETF Application

Grayscale, a major ETF issuer, launched trading on a new XRP-based trust fund. This aligns with Grayscale’s previous history of ETFs; namely, its Bitcoin ETF was converted from a similar trust fund. The

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Author: Landon Manning