DOGE, XRP Get ETFs. Token Traders Say ‘Meh:’ Crypto Daybook Americas

Group 1 - The SEC has shown a pro-crypto stance by allowing a spot ETF for dogecoin (DOGE) to debut in the U.S. alongside XRP [1][2][3] - Memecoins like DOGE are driven by social media and fandom rather than intrinsic value, raising concerns about the legitimacy and risks for investors when wrapped in an ETF [2][3] - The crypto market reacted negatively, with DOGE dropping over 2% and other meme tokens experiencing declines of nearly 10% [4] Group 2 - Consensys CEO announced that a Metamask token is expected to launch sooner than anticipated, and Ethereum's Fusaka upgrade is scheduled for December 3 [5] - Traditional markets are challenging for crypto, with the dollar index and Treasury yields increasing, and the Bank of Japan signaling potential rate hikes [6] - Upcoming events include the uplisting of Grayscale Digital Large Cap Fund to the NYSE Arca Exchange and quarterly S&P 500 rebalancing [6]