[Morning News Briefing] Vote on Bitcoin Collateral Bill on the 6th, etc.

Aave Labs has put a governance proposal to a Snapshot vote on November 6 that would let Aave accept native bitcoin (BTC) as collateral through Babylon Labs, with risk assessor LlamaRisk recommending an initial cap of 300 BTC. The move matters because it would tie the largest decentralized lending protocol to bitcoin's security and liquidity without wrapping the asset, and the vote outcome plus the eventual cap and risk parameters are what to watch next. Separately, six U.S. spot XRP ETFs held roughly 118 million XRP as of November 4, according to XRP Insights, which aggregated issuer disclosures. Across seven products including Bitwise's 10 Crypto Index ETF (BITW), holdings fell by a net 259,700 XRP between November 2 and 4.