Contents
- 1 Crypto News Highlights: Ripple’s Stablecoin Approval, XRP Surge, Binance Delistings, MicroStrategy’s Bitcoin Plans, FIFA NFT Game
Crypto News Highlights: Ripple’s Stablecoin Approval, XRP Surge, Binance Delistings, MicroStrategy’s Bitcoin Plans, FIFA NFT Game
Grayscale Effect: Stellar Lumens (XLM) Sees 58% Price Surge
Stellar Lumens (XLM) experienced a significant 58% price surge, hitting $0.53, marking its highest point in the market since 2021. This surge was triggered by a 10-K filing from Grayscale Investments for its Stellar Lumens Trust. The filing, submitted on November 23, disclosed a 10% growth in the trust’s net assets over the previous fiscal year.
Ripple’s Stablecoin Progress and XRP Market Cap Milestone
Ripple is on the verge of launching its regulated stablecoin, RLUSD, pending approval from the New York Department of Financial Services (NYDFS). Anticipated to debut on December 4, RLUSD will mark Ripple’s entry into New York’s regulated digital finance sector.
This move coincided with XRP overtaking BNB in market capitalization, surpassing the $100 billion mark for the first time in three years. XRP’s value surged by over 230% this month with growing investor confidence.
Binance Announces Delisting of Eight Altcoin Trading Pairs
Binance made headlines by revealing the delisting of eight altcoin trading pairs scheduled for December 10. Among these pairs are GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. The decision was attributed to periodic performance reviews and low liquidity.
MicroStrategy’s Bitcoin Acquisition Plans with $3 Billion Funding
MicroStrategy co-founder Michael Saylor hinted at additional Bitcoin purchases after securing $3 billion through convertible debt issuance on November 22. The company, already the leading corporate Bitcoin holder, currently possesses 386,700 BTC valued at over $37.5 billion.
FIFA Rivals NFT Game Development Unveiled
FIFA announced a collaboration with Mythical Games to develop FIFA Rivals, a mobile football game slated for a mid-2025 release. Players can manage football clubs and engage in real-time matches within the game. The platform will feature an NFT marketplace for trading digital collectibles.
Chirp Introduces Innovative DePIN Play-to-Earn Game
Chirp launched Kage, a play-to-earn game operating on the Sui blockchain. Players utilize smartphones to detect nearby wireless networks and earn CHIRP tokens for their actions. Kage is the first game to incorporate DePIN (Decentralized Physical Infrastructure Networks).
Bitcoin’s potential breach of the $100,000 mark continues to captivate the market’s attention, with BTC hovering around $97,000. The prospect of BTC hitting six figures before Christmas remains a point of interest. These key developments shaped the crypto landscape this week.
The information in the article is for informational purposes only. It does not constitute any investment advice. The author and CryptoBlockNews.com are not responsible for your profits or losses arising from your investments. Investment is ultimately based on many foundations such as knowledge, accumulation, experience, research and personal decisions.
