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U.S. officials urge Israeli caution on a potential Gaza offensive as hostage diplomacy continues.

Plus, Bitcoin rallies on hopes that U.S. regulators could approve an E.T.F that's pegged to the digital currency.

This could open a new frontier in the market where instead of holding crypto through an

FTX or a binance, you could hold it through a traditional financial institution

that may well encourage people to put more money into the sector.

And House Republicans prepare to vote on their latest candidate for Speaker.

It's Tuesday, October 24th.

I'm Luke Vargas for the Wall Street Journal,

and here is the AM edition of What's News?

The top headlines and business stories moving your world today.

American officials are urging Israel not to rush into a ground offensive in Gaza,

telling their ally that Washington still needs time to put military assets in place

and ready them for use in case of a wider escalation.

Pushed by reporters, US National Security Council spokesperson John Kirby

said the US wasn't telling Israel how or when to act.

It's our view that the Israeli Defense Forces, Steve, need to decide for themselves

how they're going to conduct operations.

We're not in the business of dictating terms to them, and we're certainly not going to be in

...