Michael Novogratz's Galaxy Appoints Former Point72 Exec as CFO

Galaxy Digital has appointed Anthony Paquette as its new chief financial officer.

Paquette previously spent four years at Steve Cohen's Point72 overseeing the hedge fund's global finance.

Galaxy Digital's current CFO, Alex Ioffe, will transition into a senior advisor role.

Michael Novogratz's Galaxy Digital (GLXY) has hired former Point72 chief financial officer Anthony Paquette to serve in the same role at the crypto financial services firm.

$XRP Rallies 10% as Ripple's Stablecoin Gets Regulatory Approval, CEO Garlinghouse Says:.

The approval is a necessary step towards the public launch of the RLUSD token, which is currently in test mode on Ethereum and XRP Ledger.

What to know:
Ripple's U.S. dollar stablecoin received "final approval" from the New York Department of Financial Services, Ripple CEO Brad Garlinghouse said in Tuesday X post.

XRP, the native token of the Ripple-adjacent, surged 10% outperforming the broader crypto market.

RLUSD is in test mode on Ethereum and XRP Ledger, and has a $52 million supply.

XRP, the native token of the XRP Ledger (XRPL) network, surged during the U.S. afternoon hours on Tuesday as Ripple CEO Brad Garlinghouse said the company's much-anticipated stablecoin obtained regulatory approval from the New York Department of Financial Services.

Ripple ($XRP ) price also rebounded 2% to reclaim the $2.40 mark on Friday. 🚀

With the newly approved RLUSD stablecoin set to boost ecosystem liquidity and network demand, XRP price appears primed for another attempt at breaching the $3 territory, having topped out at the $2.91 level during last week’s rally.

Altcoin market updates: XRP, BNB advance as traders bet on third consecutive Fed rate cut.

As the geopolitical crisis surrounding the fall of the Assad regime in Syria tapered off this week, dovish figures on the latest US CPI data raised investor optimism across the crypto market.

Bitcoin price held firm above the $100,000 level, Ripple (XRP) cleared the $2.40 resistance, while resurgent trading activity saw Binance Coin (BNB) break past the $725 level on Friday.

Binance Coin (BNB) price surged 2.5% on Friday to emerge best performer among the top-10 crypto assets.

BNB’s price surge on Friday saw it break above the $725 resistance level for the first time in five days, signalling that trading activity with the retail dominated markets on Binance is now recovering after the abrupt downtrend earlier in the week.

$XRP , $BNB advance as Blackrock records 16-day Ethereum buying spree

The cryptocurrency sector valuation grazed the $3.6 trillion mark on Thursday, recording $252 billion worth of inflows since the market crash halted on Tuesday.

In the last 24 hours, 85,893 traders were liquidated with the total liquidations coming in at $204.96 million.

Blackrock's Ethereum ETF set a new record of 16 consecutive days of net-inflows.

$BTC Grapples with $100K as Rally on Trump's Crypto-Positive Comment Fizzles

Bitcoin climbed to $102,500 early Thursday after President-elect Trump reiterated his ambition to embrace crypto assets, but a bond market rout dragged risk assets lower.

The European Central Bank cut interest rates by 25 basis points and in its dovish policy statement hinted that more rate cuts were likely to happen.

Bitcoin rose as high as $102,500, its strongest price since last week's all-time record above $104,000. Not only did that rally not hold, but the $100,000 level didn't either, with the price falling to $99,800 by press time late Thursday afternoon.
#BitcoinKeyZone #BinanceSquareFamily

Solana is the fastest growing blockchain for new crypto developers: report

Solana is reported as the fastest-growing blockchain in terms of new crypto developers, with growth that is up to double-digit in a single year.

According to the Electric Capital report on Dec. 12, Solana $SOL  is the number one blockchain for new crypto developers, with annual growth up to 83%, surpassing the largest blockchain in the world, Ethereum $ETH .

The report found that 7,625 out of 39,148 new developers this year were using Solana as their first blockchain. This number has surpassed Ethereum with 6,456 new developers and others’ blockchains with 3,383. This trend has increased every year since a few years ago.

Ethena Labs has announced the launch date of its synthetic USDe stablecoin on Dec. 16, 2024, as the token’s market cap reached $5.73 billion, an all-time high.

In a post on X, Ethena Labs, built on the Ethereum blockchain, announced a possible launch for its stablecoin USDe which is pegged with the U.S. dollar. It is mainly built as a yield-generating asset rather than an intermediary for a transaction, similar to Tether (USDT) or USD Coin (USDC).

Data from on-chain and financial metrics provider Glassnode revealed that Chainlink $LINK futures open interest reached $770.27 million as LINK hit its highest levels in almost two years. OI, a measure of market activity, provides insights into investor sentiment, which appears bullish in this case.

Glassnode’s data from December 11 highlighted that Chainlink’s OI was nearly three times that of Toncoin $TON and twice that of TRON $TRX . Specifically, TON and TRX futures open interest stood at $259 million and $356 million.

"Not Pixel" crypto Set to listing Soon

A new cryptocurrency, "Not Pixel" is set to make its debut in the market, generating excitement among investors and crypto enthusiasts. The upcoming listing promises to offer unique features and a fresh perspective in the crowded crypto space.

Not much is known about the specifics of the project yet, but early teasers suggest a focus on innovation and user experience. The team behind Not Pixel Crypto is reportedly working on advanced blockchain technology, aiming to address common issues in the crypto world such as scalability, security, and ease of use.

As the launch date approaches, there is growing anticipation about what sets Not Pixel Crypto apart from existing cryptocurrencies. Investors and traders are eager to learn more about its utility, tokenomics, and potential applications.

With the cryptocurrency market continuing to evolve rapidly, Not Pixel Crypto’s entry is one to watch closely. As more details emerge, it could become a notable player in the digital currency space.
#NotPixel

$XRP
XRP Shows Bullish $ Trend After Hitting Key Support Line

XRP, the cryptocurrency associated with the Ripple network, has recently shown signs of bullish movement after bouncing off a critical support line. This technical pattern has garnered attention among traders and analysts alike, as it indicates potential for further price appreciation in the near term.

XRP faced downward pressure, struggling to maintain its bullish momentum. However, as it approached the support line, buyers stepped in, leading to a surge in buying activity. This has resulted in a notable uptick in price, sparking optimism among market participants that a new bullish trend could be in the works.

Technical Indicators Signal Potential Upside

Several key technical indicators align with the idea of a potential upward trend for XRP. The Relative Strength Index (RSI), which measures the momentum of an asset, is currently trending upward after previously dipping into oversold territory. A rising RSI suggests that bullish momentum is gaining strength, and XRP may have room to run before it becomes overbought.

In addition, the moving averages have started to converge, with the short-term moving averages moving above the longer-term ones. This is often referred to as a "golden cross" and is a bullish signal that indicates that the asset may continue to trend higher.

The support line, coupled with these technical indicators, points to the possibility of XRP heading toward a resistance zone, where it could face significant selling pressure.

However, if the price breaks through this resistance, the bullish trend could accelerate, potentially bringing new high🚀

$BTC
AMP has made a $27 million investment in Bitcoin, becoming the first major superannuation fund in Australia to enter the crypto market.

AMP Wealth Management, one of Australia‘s largest wealth managers with billions in assets under management, has invested $27 million in Bitcoin
Bitcoin, becoming the first major superannuation fund in the country.

Per the report, the investment was made in May when Bitcoin was trading between $60,000 and $70,000. AMP chief investment officer Anna Shelley explained that the allocation, representing 0.05% of the firm’s $57 billion in assets, was part of a broader diversification strategy.

#BTCReclaims101K

$XRP

Potential Scenarios for XRP at $2.40 Support

1. Price Rebound: If XRP establishes support at $2.40, the cryptocurrency could experience a rebound as it attracts buyers looking for a low-risk entry point. A successful bounce from this level could propel the price back toward previous highs, potentially breaking past resistance levels and reaching new highs.

2. Further Consolidation: XRP could continue to consolidate within a range, holding at the $2.40 support while testing other levels of resistance. This period of sideways trading could build momentum for a future breakout.

3. Breakdown Below Support: While the $2.40 support is promising, it’s also possible that XRP could fail to hold at this level. If selling pressure outweighs buying interest, the price could drop below $2.40, possibly opening the door for further downside toward the next support levels.

The potential for XRP to establish a new support level at $2.40 is an exciting development for the cryptocurrency. If this support holds, it could signify a new phase of stability for XRP, offering investors a more predictable range for trading. However, as with all cryptocurrencies, investors should be cautious, as market dynamics can change quickly. Monitoring price action and staying informed about market conditions is key to making informed decisions in this highly volatile space.