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XRP spot ETFs have recorded inflows for 11 consecutive trading days, pushing cumulative inflows to $756.26 million as of December 1, according to SoSoValue data. The products added another $89.65 million on Monday alone, marking one of their strongest sessions since launch.Sponsored SponsoredStrong Momentum Across All IssuersThe latest inflows lifted total net assets across the four US funds to $723.05 million, equal to 0.60% of XRP’s market capitalization. The trend places the category within reach of the $1 billion asset milestone, a level analysts view as a key threshold for long-term institutional adoption.XRP ETF Inflow. Source: SoSoValueAll four XRP ETFs—Canary, Bitwise, Grayscale,…

American Bitcoin’s stock unraveled in real time Tuesday.  The mining and Bitcoin-treasury company co-founded by Eric Trump saw its stock plunge more than 50% in the first hour of trading, triggering multiple halts and wiping out months of speculative gains.  The company, listed on Nasdaq under the ticker ABTC, had already been reeling from Bitcoin’s steep pullback over the past month.  But the speed of Tuesday’s sell-off stunned even veteran crypto-equity watchers. Shares collapsed to an intraday low of $1.75, a 51% drop, before stabilizing slightly. By time of writing, the stock is still down more than 35%. No single…

The Grayscale Chainlink Trust ETF (GLNK) gives equity investors another way to access LINK.Chainlink’s native token, LINK, surged 13% following the launch of the first Chainlink-focused exchange-traded fund (ETF) on Tuesday, Dec. 2.LINK is currently trading at $13.38 with a market capitalization of $9.2 billion, according to data from CoinGecko. The price rise comes as the broader crypto market recovered slightly today after a week of losses.LINK ChartThe ETF, called the Grayscale Chainlink Trust ETF (GLNK), was approved by NYSE Arca on Monday. The fund converts the existing Grayscale Chainlink Trust into a publicly traded ETF, making LINK easier for…

Even a tiny share of speculative capital from gold or tech stocks could double crypto’s $3 trillion market cap. Bitcoin (BTC) bulls and skeptics clashed on X on Tuesday after analyst CrediBULL Crypto pushed back against the popular claim that digital assets are “just speculation,” pointing to gold’s $12 trillion climb over the past year as proof that every major market runs on expectations and momentum. This defense comes at a time when the crypto market, with a total value of about $3 trillion, is trying to shake off a recent downturn and searching for catalysts to reignite growth. Market…

PANews reported on December 1st that Sushi announced on its X platform that Synthesis, led by Alex McCurry, has made a significant long-term strategic investment in the Sushi protocol, including the purchase of over 10 million SUSHI tokens. Alex will join and lead the SUSHI protocol team. Sushi achieved profitability in 2024, with revenue exceeding $10 million from its AMM, aggregator, and related products. With Synthesis’s support, Sushi aims to expand its annual revenue to over $20 million in the coming years, focusing on robust growth, clear execution, and a sustainable business foundation. Previously, it was reported that Jared Grey…

In brief Ripple received regulatory approval in Singapore to broaden payment services using XRP and RLUSD stablecoin under its Major Payment Institution license. XRP surged to a new all-time high price earlier this year, breaking a seven-year record in the process. However, XRP has fallen 45% from that peak, recently trading hands for about $2.00. Ripple has received approval from Singapore’s Monetary Authority (MAS) to expand payment activities under its Major Payment Institution license held by subsidiary Ripple Markets APAC, the crypto giant announced Monday.This expansion allows the crypto-powered fintech company to broaden its regulated payment offerings to Singapore customers,…

When a Wall Street banking giant and a crypto CEO start a public fight over debanking, the world takes notice and the back-and-forth gets messy.Jack Mallers, CEO of crypto payments company Strike, dropped a social media bombshell on Nov. 23, saying JPMorgan closed all his accounts without cause.“Last month (Sept. 2), J.P. Morgan Chase threw me out of the bank,” Mallers said in a post on X. “It was bizarre […] Every time I asked them why, they said the same thing: ‘We aren’t allowed to tell you.’”The post went viral and received reactions from personalities including Tether CEO Paolo…

The XRP Ledger recorded an abnormal surge in AccountSet and AMM Bid transactions this week, triggering widespread discussion across crypto Twitter. The ledger processed more than 40,000 AccountSet transactions in late November, marking its highest configuration activity in years.The activity continued even after BitGo ended its batch updates. This indicates new actors are preparing or reconfiguring large numbers of accounts, rather than routine custodial adjustments.Sponsored SponsoredWhat the AccountSet Surge IndicatesAccountSet transactions update settings, including security flags, AMM (Automated Market Maker) permissions, and multi-sig configurations. They are typically used when institutions prepare accounts for new services or liquidity operations.Therefore, a spike…

Bitnomial, a Chicago-based derivatives exchange, is preparing to roll out the first spot cryptocurrency trading platform overseen by the U.S. Commodity Futures Trading Commission (CFTC).The Chicago-based derivatives exchange’s self-certified rules became effective Friday, authorizing it to list both leveraged and non-leveraged spot crypto products. The approval opens the door for customers to buy, sell and finance digital assets directly on a federally regulated commodities exchange — a first in the U.S. market.Caroline Pham, the acting head of the CFTC, said in November that it was in talks with regulated exchanges over the potential launch of spot crypto products.Bitnomial’s approval lands…

Tesla and SpaceX CEO Elon Musk has reignited some discussion around Bitcoin, describing it as a “fundamental physics-based currency” grounded in energy.  Speaking on a recent podcast with Nikhil Kamath, Musk emphasized that Bitcoin’s value is tied to real-world energy expenditure, highlighting a distinction between digital assets and traditional fiat currencies. “Energy is the true currency,” Musk said. “This is why I said Bitcoin is based on energy. You can’t legislate energy. You can’t just, you know… pass a law and suddenly have a lot of energy.”  The Tesla founder drew attention to the difficulty of producing and harnessing energy,…