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X @Bybit
Bybit· 2025-12-12 07:55
@byreal_io @solana #Bybit #CryptoArk #Solana ...
Hex Trust Brings XRP to Solana, Ethereum, and Other Blockchains via wXRP
Yahoo Finance· 2025-12-12 07:22
Core Insights - XRP is expanding its utility beyond its native network through the issuance and custody of wrapped XRP (wXRP) by Hex Trust, allowing it to operate across major blockchains like Ethereum and Solana [1][2] Group 1: Wrapped XRP (wXRP) Overview - Each wXRP will be fully backed by native XRP held in segregated custody at Hex Trust, with minting and redemption available to authorized participants in a compliant environment [2] - wXRP will launch with over $100 million in Total Value Locked, providing immediate liquidity and supporting stable market activity from day one [3] - The wrapped asset utilizes LayerZero's Omnichain Fungible Token standard, enabling multi-chain participation [3] Group 2: DeFi and Cross-Chain Utility - wXRP expands XRP liquidity in DeFi and cross-chain networks, enhancing utility between XRP and RLUSD, built on trusted, compliant infrastructure [4] - The wrapped token allows users and institutions to engage in cross-chain activities, including swaps and liquidity provision within a regulated framework [5] - Each wXRP is fully backed and redeemable for native XRP, facilitating movement between blockchains without reliance on unregulated third-party bridges, thus reducing counterparty exposure [6] Group 3: Market Impact and Demand - There is a growing demand for utilizing XRP across the broader cryptocurrency ecosystem and among institutions, which Hex Trust aims to address [6] - Despite the announcement, the price of XRP saw minimal positive impact, rising just over 1% in the past 24 hours, trading at $2.04 at the time of writing [6]
Cardano Price Prediction: Can Bitwise’s ETF Listing Bring New Momentum for ADA?
Yahoo Finance· 2025-12-12 04:57
Group 1 - Cardano has gained increased visibility as Bitwise moved its Bitwise 10 Crypto Index ETF to NYSE Arca, placing ADA alongside the ten largest cryptocurrencies [1] - The inclusion of ADA in the index allows traditional investors to access it through regular brokerage accounts without needing crypto wallets or on-chain transfers [2] - ADA holds a 0.65% share of the index, which tracks the largest and most established digital assets, with monthly updates on liquidity and regulatory standards [2] Group 2 - Cardano's price has increased by approximately 6.3% over the past 24 hours, trading near $0.4254, but has faced resistance around the $0.45 mark [3] - The price movement has been characterized by a steady downtrend, with each bounce forming lower highs and pullbacks leading to lower lows [4] - Recent trading shows a rejection just under $0.46, indicating that buyers are struggling to overcome short-term resistance [5] Group 3 - If the price falls below the established support level, the downtrend may continue, potentially leading to a deeper drop [6] - Current momentum remains weak, with no clear signs of a price reversal on the chart [6]
X @CoinMarketCap
CoinMarketCap· 2025-12-12 04:08
LATEST: 🌎 Nexo has acquired Latin American crypto platform Buenbit in a deal that adds over 1 million users and a regulated footprint in Argentina, with Buenos Aires set to serve as Nexo's LATAM headquarters. https://t.co/NOX3xKDgGm ...
X @Bloomberg
Bloomberg· 2025-12-11 22:10
Terraform Labs co-founder and onetime fugitive Do Kwon was sentenced to 15 years in prison for the fraud that led to the company’s $40 billion collapse and triggered a series of crises in the crypto world https://t.co/PlMD4PAGbF ...
Gemini shares soar after winning CFTC approval for prediction market: CNBC Crypto World
Youtube· 2025-12-11 20:42
Core Insights - Major cryptocurrencies experienced declines following the Federal Reserve's latest rate cut, with Bitcoin briefly falling below $90,000 before recovering slightly [1][2] - 21 Shares launched a new spot XRP ETF, responding to increased client demand for diversified crypto exposure [8][9] Cryptocurrency Market Trends - Bitcoin fell below $90,000 but recovered shortly after, while Ether dropped over 5% to $3,174, and XRP traded just below $2 [2] - The launch of the spot XRP ETF by 21 Shares is part of a broader trend where crypto firms are expanding into prediction markets to diversify revenue streams [4][8] Company Developments - Gemini's shares surged over 20% after the company announced it received a CFTC license to offer prediction markets to US users, a process that took five years [3] - Bitwise launched a new ETF tracking 10 cryptocurrencies, including Bitcoin, Ether, and XRP, aiming to provide traditional investors with broader crypto exposure [5][6] Regulatory Environment - The regulatory landscape in the US is seen as favorable for crypto firms, with 21 Shares citing regulatory tailwinds as a reason for launching the XRP ETF [10][14] - The Clarity Act is expected to facilitate the issuance and custody of tokenized instruments on public blockchains, contributing to the growth of tokenized real-world assets [20] Future Predictions - 21 Shares predicts that global crypto ETFs will outpace the NASDAQ 100 ETF by the end of 2026, with an expected market size of $400 billion [14][15] - The firm forecasts that tokenized real-world assets will grow from $35 billion to over $500 billion in 2026, driven by regulatory advancements and institutional adoption [19][20] - Predictions for stable coin supply suggest it could reach $1 trillion by 2026, supported by increasing adoption and regulatory developments [22][24]
Coinbase Picks Chainlink for $7 Billion Crypto Bridging Project
PYMNTS.com· 2025-12-11 20:34
Core Insights - Coinbase has partnered with Chainlink to utilize its Cross-Chain Interoperability Protocol (CCIP) for bridging Coinbase Wrapped Assets, facilitating cross-chain transfers and expansion [2][3] - The aggregate market cap of the assets involved, including cbBTC, cbETH, cbDOGE, cbLTC, cbADA, and cbXRP, is approximately $7 billion [2] - Chainlink's infrastructure secures over 70% of decentralized finance (DeFi) globally and has enabled more than $27 trillion in transaction volume, providing a robust foundation for Coinbase's asset connectivity [3] Company Developments - Coinbase's senior director for product management emphasized Chainlink's leadership in cross-chain connectivity as a reason for the partnership, highlighting the reliability of their infrastructure [4] - Chainlink's head of strategic initiatives expressed enthusiasm for accelerating the growth of Coinbase's wrapped assets and enhancing global finance integration [4] - Coinbase's CEO mentioned ongoing collaborations with major U.S. banks to pilot stablecoins, crypto custody, and trading, indicating a strategic move towards traditional finance integration [5] Industry Trends - There is a growing interest among banks in blockchain technology, which could lead to reduced manual reconciliations, shorter settlement times, and programmable money [6] - The potential benefits for treasury and operations leaders include improved liquidity management and engagement with underbanked regions, while risk and compliance teams could gain enhanced traceability [7]
‘Premium era is over’ as all but one Bitcoin treasury firm fails to beat S&P 500
Yahoo Finance· 2025-12-11 20:33
Hardly a year after it began, the Bitcoin treasury model is falling apart. Just one Bitcoin treasury company managed to outperform the bellwether S&P 500 — which returned investors 16% — in 2025, according to a new report from BitcoinTreasuries.net. The Blockchain Group, a France-based treasury company, has soared roughly 164% since January 1. What about other Bitcoin treasuries? Every other major treasury has underperformed — Strategy is down 12%, Metaplanet has lost nearly one-third of its stock pri ...
Popular Bitcoin creator's statue emerges at NYSE
Yahoo Finance· 2025-12-11 20:19
The New York Stock Exchange (NYSE) has become the sixth host of artist Valentina Picozzi’s “disappearing” Satoshi Nakamoto statue, a moment that reflects how far the conversation around Bitcoin (BTC) has come since its taboo days on Wall Street. Long considered a fortress of traditional finance, the NYSE described the artwork as “shared ground between emerging systems and established institutions” in an X post on Dec. 10. The statue’s installation was organized by Bitcoin firm Twenty One Capital, which ...
Bitpanda and EurocoinPay Sign Deal to Expand Regulated Crypto Access in Spain
Yahoo Finance· 2025-12-11 20:08
Bitpanda Technology Solutions (BTS), a firm providing digital asset infrastructure, has announced a new partnership with EurocoinPay intended to widen access to institutional-grade crypto liquidity across Spain. Under the agreement, EurocoinPay said it will integrate Bitpanda’s liquidity platform, allowing its users to trade more than 650 crypto-assets with competitive pricing and high-quality execution. EurocoinPay has been a key player in Spain’s digital asset landscape for years. The partnership seek ...