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Our weekly updates are put together by folks deep in the crypto scene, giving you a clear picture of what's happening without overwhelming you.
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To Watch This Week
AIRDROPS + ALPHADec 17, 2024
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Markets
Bitcoin Marks New All-Time High Price Above $108K as XRP Jumps
Bitcoin broke a new all-time high on Tuesday morning New York time, smashing past $108,000 per coin before dropping sharply. The biggest coin is now trading for $107,020, CoinGecko data shows. Over the past day, it's only up 0.3%—but over a seven-day period, it's up nearly 12%. The coin's new record price is $108,135. Investors are more interested in Bitcoin than before following President-elect Donald Trump's shock victory on November 5. The Republican promised during his campaign to help the d...
Dec 17, 2024
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Coins
Anchorage Digital Nabs BitLicense to Offer Crypto Trading to New York Institutions
Anchorage Digital has secured a BitLicense in New York, enabling the company to serve institutions in the world's financial capital. "Secure and cost-efficient trading" is set to be on offer from early next year, it said in an announcement on Monday. Companies have said that acquiring a BitLicense is both time consuming and expensive, with just a handful of firms getting the green light from regulators. New York residents and businesses that wish to buy and sell crypto can only transact with pla...
Dec 17, 2024
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Markets
XRP Jumps 13% Ahead of Ripple Stablecoin Launch
XRP saw its price jump 21% over the last seven days and 13% over the last 24 hours, trading at $2.69 as of press time—just as the Ripple USD (RLUSD) stablecoin launches on the network. XRP was launched by the co-founders of Ripple Labs in 2012, but the company has gone to great lengths to stress that it is not the issuer of the token. Still, crypto traders know there’s a link and tend to consider good news for Ripple Labs, like its new stablecoin being approved by New York regulators, as an indi...
Dec 16, 2024
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Markets
XRP Demand Grows as Bitcoin, Ethereum Drive Billions to Crypto ETFs
A months-long torrent of cash continued apace last week, as digital asset investment products—including spot Bitcoin and Ethereum ETFs—saw $3.2 billion worth of inflows. Lifting year-to-date inflows to $44.5 billion, the figure clocked in at quadruple that of any year on record, according to data from CoinShares. In a Monday blog post, CoinShares Head of Research James Butterfill described the figure “astonishing”—with two weeks left to go in 2024. Representing the 10th straight week that digita...
Dec 16, 2024
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Markets
Ripple's RLUSD Stablecoin Launching Tuesday Following Massive XRP Surge
Ripple will launch its U.S. dollar-pegged stablecoin called Ripple USD (RLUSD) on Tuesday, the company announced Monday. Backed by U.S. dollars, U.S. government bonds, and cash equivalents, Ripple said that the token will initially trade on platforms including MoonPay, Uphold, Bitso, Archax, and CoinMENA. RLUSD will be available across Ethereum and XRP Ledger, Ripple added. The anticipated launch follows a recent surge in the value of XRP, the token created by Ripple's co-founders that is used i...
Dec 16, 2024
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Markets
Ripple CTO Warns of 'FOMO' as RLUSD Stablecoin Prepares for Market Debut
Ripple’s chief technology officer, David Schwartz, has cautioned investors about potential price volatility for RLUSD, Ripple’s U.S. dollar-pegged stablecoin, as it prepares for launch. In a December 15 post on X, Schwartz addressed concerns about RLUSD’s market debut, acknowledging the possibility of initial supply shortages that could drive its price above its intended $1 parity to the U.S. dollar. An announcement for when RLUSD will be released to the market has yet to be provided. Ripple di...
Dec 11, 2024
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Long Reads
Decrypt’s 2024 Story of the Year: How Crypto Money Changed American Politics
It was December 2022, FTX had just collapsed into a $32 billion dollar cloud of vapor, Sam Bankman-Fried was adjusting to life in the sick bay of a Bahamian prison, and Coinbase Chief Policy Officer Faryar Shirzad was feeling cautiously optimistic. Shirzad was a battle-tested D.C. insider with decades of experience navigating the inner sanctums of Congress and the White House. As the steward of Coinbase’s reputation on Capitol Hill, there was certainly plenty about the implosion of fellow crypt...
Dec 11, 2024
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Markets
Bitcoin Bounces Back Above $100K as XRP, Dogecoin and Solana Rebound
Bitcoin hit $100,000 per coin again on Wednesday—bringing a number of top altcoins with it—after data dropped Wednesday showing that inflation in the U.S. was rising at an expected pace. The biggest coin by market cap is now trading for $100,500 per coin, CoinGecko shows. It's up 5% in the past 24 hours, and nearly as much over a seven-day period. Bitcoin had dipped below the $95,000 mark on Tuesday, sparking a slew of liquidations of long and short positions, but has gradually recovered in the...
Dec 10, 2024
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Markets
XRP Plunges Below $2 Mark as Bitcoin Tumbles Again
XRP surged last week to a seven-year high price of $2.82 on renewed optimism of regulatory clarity ahead, but volatility in the crypto markets has rocked the coin, sending it below the $2 mark on Tuesday as Bitcoin continued to cool off. The Ripple-linked XRP touched a price of $1.90 on Tuesday, according to crypto exchange Coinbase, marking a nearly 33% drop from last week’s peak. It’s now down 15% over the last 24 hours, per data from CoinGecko, at a current price of $2.06. Even amid the lates...
Dec 10, 2024
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Markets
Altcoins XRP, Tron and Cardano Cool Off as Market Reacts to Bitcoin Plunge
The crypto market experienced a sharp downturn on Monday, with recent top-performing assets such as XRP (XRP), Tron (TRX), and Cardano (ADA) taking substantial hits. This follows weeks of explosive rallies that had stunned market observers, propelling these "dino coins" to unexpected highs. These altcoins saw steep declines as Bitcoin's retreat from $100K triggered widespread liquidations and a market-wide selloff. At the time of writing, Bitcoin is trading just above $97,000 and 2% lower than i...
Dec 5, 2024
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Business
Another Publicly Traded Firm Is Putting Bitcoin in Its Treasury—XRP Too
Smaller public companies are taking a leaf out of MicroStrategy’s radical playbook by adopting a Bitcoin treasury strategy. And one is even adding in the Ripple-linked XRP, too. The latest is auto firm Worksport, which trades on the Nasdaq (NASDAQ: WKSP) and sells tonneau covers for pickup trucks. The New York-based company announced Thursday that it was in the process of spending $5 million on Bitcoin and XRP. Worksport said it would commit up to 10% of any future excess cash to buy the cryptoc...
Dec 3, 2024
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Markets
As Bitcoin Hovers Around Its All-Time High, Traders Turn to Altcoins
After Donald Trump secured a second term in the White House last month—with the promise of friendlier crypto regulation—the floodgates have reopened, and crypto prices are booming. Bitcoin (BTC) led the charge, with the top crypto pushing to new highs last month. Since hitting a wall just below $100,000, it’s a rotating selection of altcoins that are now benefiting from renewed investor interest. Dogecoin pumped on the back of its Elon Musk connection and plans for a Department of Government Eff...
Dec 3, 2024
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Coins
XRP Ledger Just Became Much Cheaper to Use Following Coin's 400% Price Spike
Account activation on the XRP Ledger now only requires 1 XRP, valued at around $2.50, to meet the blockchain’s reserve requirement—a feature designed to limit excessive growth of the network by setting a minimum amount of XRP an account must hold. The reserve fee structure was changed late Monday when validators approved new reserve fees on the XRP Ledger, dropping the base reserve requirement from 10 XRP to 1 XRP. “Together with other UNL Validators we've voted to reduce the XRPL Reserves!” sa...
Dec 3, 2024
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Markets
XRP, Bitcoin and Dogecoin Volatility Drive Crypto Liquidations to $588 Million
XRP's jump to a seven-year high price of $2.82 early Tuesday, and the subsequent correction to nearly $2.40, has propelled the Ripple-linked asset to the top of the crypto liquidations chart over the past 24 hours. Liquidations of long and short positions tied to XRP totaled more than $90 million over the past day, per data from CoinGlass, becoming the top single asset for liquidations during that span. That's a surprise on a list that is typically ruled by Bitcoin. Because of XRP's substantial...
Dec 3, 2024
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Markets
Bitcoin and XRP Prices Plunge in South Korea as President Declares Martial Law
The price of Bitcoin tumbled Tuesday on Upbit, South Korea’s largest crypto exchange, falling as low as $61,600 as the country’s president, Yoon Suk Yeol, declared martial law. The measure, which was announced by Yoon in a late-night television address, came alongside accusations that South Korea’s main opposition party was sympathizing with North Korea, per CNN. Yoon reportedly accused the party of “clear anti-state behavior aimed at inciting rebellion.” Priced in South Korean won, Bitcoin’s va...
Dec 3, 2024
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DeFi
XRP Meme Coins Like ARMY Are Blowing Up Right Now
XRP is up 92% in the last seven days, and meme coins on the XRP Ledger (XRPL) network are experiencing even larger percentage gains as the ecosystem attracts users from other blockchains. The charge is led by an 18-month-old meme coin, ARMY—a reference to the so-called XRP Army of enthusiastic investors and supporters—which jumped from less than a $1 million market cap on November 26 to more than $90 million on Sunday, though it has since dipped to about $47 million as of this writing. The mas...
Dec 2, 2024
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Markets
'Astonishing' XRP Surge Driven by Regulatory Hopes, ETF Speculation: Analysts
As the price of XRP surged to a fresh seven-year high mark Monday, analysts told Decrypt that the asset’s stunning ascent is being driven by a series of post-election factors, ranging from renewed regulatory hopes to the potential for XRP-centric investment products. Since Election Day last month, the token stewarded by Ripple Labs has been one of the crypto market’s best performers, outpacing Bitcoin and Ethereum’s relative gains. Since November 5, for example, the price of XRP has more than qu...
Dec 2, 2024
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Markets
XRP Surges Another 45%, Crushing Recent Bitcoin and Dogecoin Gains
XRP continued to surge into Monday, jumping to a price of $2.74—the highest mark seen since January 2018, and boosting the price by more than five times over the last 30 days. The Ripple-linked cryptocurrency began rising after Donald Trump's election win last month, but really took off after Securities and Exchange Commission (SEC) Chair Gary Gensler announced that he will resign effective January 20, 2025. Gensler has led the agency's charge against crypto firms offering allegedly unregistered...
Dec 2, 2024
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Coins
XRP Flips Tether Becoming World’s Third Largest Crypto as Prices Soar
XRP, the native token used within Ripple’s payments system, has jumped to the third spot in market capitalization rankings, beating out the incumbent stablecoin issued by Tether. The asset is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, according to CoinGecko data. The asset previously flipped Solana for the fourth spot late Sunday. Ripple Labs’ case against the U.S. Securities and Exchange Commission has been a primary focus for investors, which has been aided...
Dec 1, 2024
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Markets
XRP Flips Solana, Topping $2 for First Time Since 2018 as Ethereum Price Hits 6-Month High
XRP continued its weekend surge into Sunday, popping above the $2.00 mark for the first time in almost seven years and flipping Solana by market cap, while Ethereum reached a six-month peak. The price of XRP is currently sitting at $2.16 as of this writing, the highest price seen since January 2018 and the first time it's topped the $2.00 milestone in the same span. XRP is up 15% on the day, pushing its weekly gain to 54%. The asset has now quadrupled in price over the last 30 days, up 318% duri...