RLUSD, XLM Surge, FIFA NFT Game
This week’s crypto calendar is filled with big events and bullish stories, including Ripple’s potential approval StablecoinXRP has a market value of US$100 billion, overthrowing BNB, and XLM Grayscale soared 50% after Grayscale star Lumens Trust filing, and FIFA’s new NFT game.
Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio. Here are the top crypto news of the week:
Grayscale filing sends Stellar Lumens (XLM) price up 58%
Stellar Lumen (XLM) surged 58% this week to $0.53, its highest price since 2021. This sharp increase comes after Grayscale Investments’ 10-K Filing for its Stellar Lumen Trust. The document, filed on November 23, details that the trust’s net assets increased by 10% compared with the previous financial year.
10-K filings provide detailed financial information and risk factors for public companies. The positive sentiment surrounding the filing may have triggered a strong market reaction for XLM.
“ Stellar Lumens recently broke out and closed above key weekly horizontal resistance. Retesting the structure of the breakout, price broke above the resistance line of a descending wedge pattern on the 4-hour time frame. It indicates strong bullish potential and a high likelihood of trend. I expect growth to reach at least the 0.6 level,” popular cryptocurrency enthusiast Andrew Griffiths wrote on X (formerly Twitter).
Ripple stablecoin expected to be approved on December 4
Ripple is preparing to launch its regulated stablecoin RLUSD, pending approval from the New York Department of Financial Services (NYDFS). According to BeInCrypto, Stablecoin may debut on December 4marking Ripple’s entry into New York’s regulated digital financial market.
The move puts Ripple in direct competition with stablecoin issuers such as Circle and Paxos. Cooperation with platforms such as Bitstamp and Moonpay aims to ensure widespread use by RLUSD users.
At the same time, Ripple’s XRP token market cap exceeds BNBIt exceeded the $100 billion mark for the first time in three years. The value of XRP has increased by more than 230% this month as investor optimism continues to grow.
Binance delists eight altcoin trading pairs
Another hot crypto news this week is Binance announcing plans Eight altcoin trading pairs delisted December 10th. This will include GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC and REN/USDT. The exchange cited regular performance reviews and low liquidity as reasons for delisting.
Following the announcement, the prices of affected tokens including GFT and OAX fell by nearly 30%, reflecting investor concerns about their future viability. Binance recommends users to adjust their positions before the delisting date.
MicroStrategy plans to spend $3 billion to buy Bitcoin
Co-founder of MicroStrategy Michael Saylor hints at new Bitcoin acquisitions The company received $3 billion in financing through a convertible bond issued on November 22. The notes, which were issued privately to institutional investors and mature in 2029, carry a premium of $672 per share.
Meanwhile, MicroStrategy remains Largest Corporate Bitcoin Holders. The company currently holds 386,700 Bitcoins, worth more than $37.5 billion. Thaler’s comments indicate that the company may continue its aggressive Bitcoin strategy.
According to BeInCrypto, FIFA partners with Mythical Games to develop FIFA Rivalsa mobile football game expected to launch in mid-2025. Players can create and manage football clubs and participate in real-time matches.
“FIFA Rivals is designed to be easy to use and has the characteristics of shallow learning. curve Plus advanced features for hardcore gamers to explore. Our partnerships with the NFL and FIFA should open the door to other collaborations between web3 game studios and major sports games,” Mythical Games spokesperson Nate Nesbitt told BeInCrypto.
The game will include a NFT marketwhich allows players to trade football stars for digital collectibles. Mythical Games aims to replicate the success of the NFL Rivals game by integrating NFTs into FIFA Rivals.
Chirp launches DePIN Make money while playing game
chirp, operate Sui Blockchainlaunched Kage, a play-and-earn money game that combines entertainment with real-world practicality. Players use their smartphones to detect nearby wireless networks and earn CHIRP tokens for their activities.
as The first game to integrate DePIN (Decentralized Physical Infrastructure Network), Kage highlighted the growing trend of blockchain-based P2E models providing real-world applications.
Finally, all eyes are focused on Bitcoinas it’s still very close to the $100,000 mark. Despite the brief correction, BTC has been hovering around $97,000. It will be interesting to see Bitcoin finally hit six figures before Christmas. These are the hottest crypto news of the week.
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