Author: John Smith
The XRP price retreated after hitting a crucial resistance level following Ripple Labs’ recent GTreasury acquisition. Summary The XRP price pulled back after hitting a crucial resistance level. Ripple Labs closed the $1 billion GTreasury buyout. All spot XRP ETFs are nearing the $1 billion asset milestone. Ripple (XRP) token retreated to a low of $2.1215 from the week’s high of $2.2245. It remains ~42% below the year-to-date high of $3.6680. Ripple Labs closed that recent $1 billion buyout of GTreasury, a 40-year-old company that helps institutions manage their treasuries well. The company hopes that the buyout will enable its…
Coinbase stock wavered today, Dec. 4, as the recent recovery waned and as concerns about competition in the U.S. rose. Summary Coinbase stock price could be at risk as competition in the United States rise. Charles Schwab plans to launch its crypto trading services in January next year. Technical analysis suggests that the COIN stock price will reverse and hit the support at $200. COIN was trading at $186, down by 1.3% from its closing price on Wednesday. It remains down by ~40% below its highest level in July this year. A key risk for Coinbase is that more American…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Solana rebounds above $140, but investors eye utility-driven Remittix as a top contender for the next crypto adoption wave. Summary Solana rebounds above $140, but analysts say rising interest in utility projects like Remittix is the bigger trend. As traders debate SOL targets, Remittix gains momentum with $28.4m raised and major exchange listings ahead. Remittix surges in PayFi as its Apple-listed wallet launches, boosting its position in the $19t cross-border market. Solana is back in the news headlines after…
1&1 deal to acquire Versatel for €1.3b consolidates German fixed-line and mobile infrastructure, tightening its grip on fiber backhaul and B2B connectivity. Summary Deal covers Versatel’s fiber, mobile backhaul, and B2B assets, plus a €950m loan that stays at Versatel but carries a 1&1 guarantee. Versatel’s fiber expanded from 37,000 km in 226 cities to 67,000 km in 350 cities, now connecting over 27,700 sites. The move supports 1&1’s strategy as Germany’s fourth facilities-based mobile provider after migrating 12m users to its Open RAN network. German telecommunications operator 1&1 has agreed to acquire Versatel for €1.3 billion, the company announced…
Ex-Citadel employees raised $17M for Fin, a stablecoin-based app offering instant, large-value cross-border transfers, positioning it as a user-friendly challenger to big banks. Summary Ex-Citadel employees Ian Krotinsky and Aashiq Dheeraj secured $17 million led by Pantera, with Sequoia and Samsung Next backing Fin. Fin uses stablecoin rails for near-instant, lower-fee transfers between users, bank accounts, and crypto wallets, focusing on large-value and cross-border flows. The launch comes as banks and regulators accelerate stablecoin plans, including a euro stablecoin consortium, Sony Bank’s USD token, and upcoming FDIC rules. Former Citadel employees Ian Krotinsky and Aashiq Dheeraj have raised $17 million…
Brian Armstrong and Larry Fink debate Bitcoin, tokenization, regulation and AI, sketching a crypto‑infused, tech‑driven future for global finance. Summary Fink recasts Bitcoin as “an asset of fear” and a long‑term hedge, while Armstrong dismisses the Buffett‑Munger “zero” thesis. Both see 2025 as a regulatory turning point, with U.S. law shifting crypto from gray zone to “well‑lit establishment” amid heavy industry lobbying. Tokenization and stablecoins, they argue, will strip out friction, reshape banks’ business models and determine whether the U.S. can keep pace with India and Brazil. Brian Armstrong and Larry Fink use the DealBook Summit stage to sketch a…
Dogecoin price hovered near a key level as fresh regulatory and institutional updates shape a tightening market structure ahead of a decisive breakout. Summary DOGE price action has compressed into a narrowing symmetrical triangle, showing a market waiting for a clear catalyst. New ETF developments and Vanguard opening crypto ETF access briefly lifted momentum and boosted trading inflows. Key levels now sit at $0.150–$0.145 for support and $0.165 overhead, with a breakout above the trendline targeting $0.18–$0.20. Dogecoin was trading at $0.1507 at press time, up 0.5% in the past 24 hours. The weekly range now sits between $0.1326 and…
Connecticut has taken action against several major trading platforms after finding that their sports-related markets crossed a legal line. Summary Connecticut ordered Kalshi, Robinhood, and Crypto.com to stop offering unlicensed sports event contracts. Regulators say the platforms lack age checks, security standards, and consumer protections required in the state. Kalshi challenged the order in federal court, while Robinhood cited CFTC oversight and Crypto.com has yet to respond. Connecticut moved to block several fast-growing prediction market platforms from offering sports-related contracts in the state, setting up the latest clash over where trading ends and gambling begins. The action was announced on…
Ethereum has officially implemented its Fusaka upgrade, designed to increase the network’s transaction processing capacity while maintaining security and decentralization standards, according to network documentation. ETH co-founder Vitalik Buterin tipped his hat to the developers behind the initiative. Summary Ethereum rolls out Fusaka upgrade to boost transaction processing while keeping security and decentralization intact. Key innovation is EIP-7594 (PeerDAS), allowing nodes to verify block data without downloading everything, improving efficiency. Upgrade supports scaling and DeFi growth, helping Ethereum handle millions of daily transactions and maintain its leading smart contract ecosystem. “Big congrats to the Ethereum researchers and core devs who…
Coinbase Institutional released its monthly outlook report on Wednesday, indicating that conditions may favor a market reversal in December following Bitcoin’s underperformance in November. Summary Bitcoin underperformed in November, falling more than three standard deviations below its 90-day average, while U.S. equities saw milder declines. Market conditions may favor a December reversal, as the end of quantitative tightening and potential Fed rate cuts could unlock sidelined cash into Bitcoin and crypto vehicles. “I am bearish on the Fed and what they continue to do to the value of the dollar,” James Lavish says. “Bitcoin captures this.” The cryptocurrency exchange’s institutional…