G.M.. Welcome back to BitPinas Key Points – easily digestible news in concise formats for easy reading. It’s time for the weekly news roundup. In today’s news: It’s all about XRP!
Here are the top cryptocurrency news from the past week!
Market updates 📈
Here are the cryptocurrency highlights of the week:
- bitcoin is down 2.2% from the previous seven days, now at $96,077.41.
- Biggest weekly winner Among the top 100 coins is XRP ($2.43), up 66.6%.
- Biggest weekly loser Among the top 100 is SOLANA ($22.8.84), with a drop of 9.2%.
- Remarkable: HBAR ($0.2246) is up 70.9% from last week.
Featured Article: XRP regains $100 billion market cap
XRP surpassed a market capitalization of $100 billion on Saturday night, reaching levels last seen in 2018. The token’s rally, fueled by legal and regulatory momentum, signals renewed strength for Ripple and the XRP ecosystem further broad.
The numbers:
- XRP It is currently trading at $2.43 per token, up 29% from the previous day and up 66% from last week.
- Coindesk reported 2 billion tokens in open positions.
- At current market capitalization At $138,883,470,175, XRP has eclipsed BNB, Solana, and USDT to become the third-largest cryptocurrency by market cap.
What is happening:
- Everyone is pointing to Ripple’s eventual legal clarity, especially with the current regulatory climate in the US reinforcing trust in Ripple (the company), XRP, and XRP-linked products.
- One such product is Ripple’s RLUSD stablecoin, which could launch this week.
What’s next?
Optimism is rising for XRP: Next up is a potential US-based XRP ETF, which could unlock liquidity for more people who would not otherwise have access to crypto exchanges where
Local Crypto News 🇵🇭
Worthy of mention 🌟
Key updates and announcements from around the world of cryptocurrencies and blockchain:
- Researchers uncovered a “typosquatting” scam in which scammers exploit misspelled crypto wallet addresses, irreversibly diverting funds.
- Justin Sun, founder of Tron announced a $30 million investment in Trump’s World WLFI, and has been fixed as platform advisor.
- Dan Morehead of Pantera Capital predict Bitcoin could reach $740,000 by 2028, driven by regulatory clarity and growing institutional adoption.
- Changpeng “CZ” Zhao defenders for the integration of AI tagging into blockchain to improve crypto payments and eliminate bias.
Educational Corner 🎓
Last week, BitPinas published several informative and guide articles in various categories.
Regulation monitoring 📜
Stay informed on the latest regulatory updates from here and around the world and what they mean for you:
- Australian Treasury launched a consultation on the implementation of the OECD Crypto Asset Reporting Framework (CARF) in its tax laws.
- The National Bank of Rwanda plans to regulate cryptocurrencies in early 2025.
- the united kingdom plans introduce crypto regulations by 2026.
- Tie ceased minting its euro-backed EURT stablecoin due to regulatory challenges in Europe.
The following people appeared in the community spotlights last week:
- Gerome Lazaro, co-founder of 8Chain and Gremio San Lázaro. (November 26)
- Lawyer. Robert De Guzman, General Counsel and Head of Legal Affairs and Compliance, Coins.ph (November 27)
- Vincent Tio, Director of Platform Solutions, PDAX. (November 30)
More news about Web3 and AI 💡
Discover the latest in web3 and AI innovation.
- sui associated with Franklin Templeton to enhance DeFi growth.
- ghost wallet expanded its multi-chain capabilities by adding support for Coinbase’s Base blockchain.
- Kraken willpower close its NFT market before February 27, 2025, to refocus resources on new projects.
- Cega Finance DeFi Protocol announced its acquisition by an undisclosed “leading platform” and will end operations at the end of the year.
Web3 Games Section 🎮
The future of web3 is games and here you have the latest news.
- Off the grid by Gunzilla Games cattle “Game of the year” at the GAM3 Awards 2024.
- Immutable and YGG associated revolutionize web3 gaming, launching a $1 million prize pool for players who complete missions in the games.
- delabs revealed its upcoming Telegram-based games, Ragnarok and Boxing Star, at the YGG Play Summit, highlighting its focus on social gaming and web3 integration.
- Animoca Brands invested at Igloo Inc., the parent company of Pudgy Penguins, to support its expansion into the web3 ecosystem.
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This article is published in BitPinas: XRP once again reaches a market capitalization of 100 billion dollars | Weekly news summary
