Ripple and Archax announced the launch of the first tokenized money market on the XRPL blockchain. The fund, managed by British asset manager abrdn, is part of a £3.8 billion liquidity fund. Ripple allocated $5 million to tokens related to the abrdn Lux fund as part of its strategy to promote institutional use of blockchain technologies and the tokenization of real assets.

Start of Altseason

- The Total3 index, excluding BTC and ETH, has reached a three-year high, signaling a possible start of altseason.
- The market capitalization of altcoins has increased by 23.2%, approaching the peak of May 2021.
- Bitfinex notes that the growth is driven by regulatory changes and increased investor interest in altcoins.

Situation with Bitcoin

- BTC is struggling to hold above $93,000, having decreased by 3.5%.
- Bitfinex warns of a possible BTC correction, which could increase the volatility of altcoins.

Fireblocks announced the integration of Google Cloud's Confidential Space to enhance the security of clients' digital assets. This solution aims to protect private keys by using Multi-Party Computation (MPC) technology, which distributes keys between Fireblocks infrastructure and clients' systems. This reduces the risk of theft and ensures secure management of digital assets.

Binance, the largest cryptocurrency exchange, has launched BFUSD — a margin asset with rewards. From November 27 to December 26, a promotional campaign will take place with zero fees and bonuses up to 100,000 USDT. BFUSD offers a base yield of 29.18% and an enhanced yield of 38.98% for futures traders. However, market participants express doubts about the reliability of BFUSD due to its high yield.

In November, Cardano (ADA) showed significant growth, reaching $1.12, which became the highest level in more than two years. Despite a recent correction to $0.88, analysts predict further growth. The increase in the number of active addresses on the Cardano blockchain indicates a possible continuation of the rally. Some experts expect that ADA may reach a new all-time high of $5.

WisdomTree has filed to register an XRP ETF in Delaware, the first step toward launching the fund. An S-1 registration with the SEC is required to proceed. The company joins other players seeking to introduce XRP ETFs in the U.S. However, analysts warn of significant regulatory hurdles for such products, which could delay their approval until late 2025.

PiBridge has announced the completion of technical maintenance of the Pi withdrawal portal, which was aimed at improving the quality of service. Withdrawals were temporarily suspended but have now resumed.

Pi Network continues to prepare for the launch of the mainnet, urging users to complete all migration steps, including KYC, by the end of November to avoid losing tokens.

The team promises to provide more information about the roadmap in December.

Cryptomarkets have decreased by 3.6%, total capitalization has fallen to $3.41 trillion. Bitcoin has corrected by 7%, dropping below $93,000. However, altcoins are demonstrating resilience. The Sandbox (SAND) and Stellar Lumens (XLM) stand out among the leaders. Ethereum is also showing growth, trading around $3,430. Despite Bitcoin's dominance at 58.6%, analysts expect the imminent arrival of "altseason."

The Base Layer 2 network has reached a new milestone, surpassing $10 billion in total locked capital (TVL), making it the second largest Ethereum Layer 2 network after Arbitrum. On November 24, Base set a record transaction speed of 106.26 transactions per second. The total number of transactions exceeded 9 million, and active addresses reached 6.6 million, indicating a growth in user engagement.

XRP demonstrates significant growth, increasing by nearly 200% over the past month and reaching $1.50. Analysts predict further increases, linking this to a possible change in SEC leadership to a more favorable stance on cryptocurrencies. Some experts expect the price to reach $2 by the end of November and exceed $4 by Christmas, and by 2025 to reach $30.

Analysts predict significant growth for Shiba Inu (SHIB) due to a breakthrough in resistance levels. The development of Shibarium is also seen as a positive factor. In mid-November, the price of SHIB reached a seven-month high, and the market capitalization exceeded $17 billion. Despite the decline, the coin remains in the positive for the month. Transitioning to self-custodial storage methods may reduce selling pressure.

Bitcoin once again did not reach the six-figure mark, stopping at just above $99,800. After that, the price fell sharply, reaching a low of $94,550, but then recovered to $96,000. The decline occurred against the backdrop of a large Bitcoin purchase by MicroStrategy totaling over $5 billion. The total amount of liquidations in the market exceeded $430 million in a day.

The volume of open positions for XRP has reached a record level of $1.8 billion, reports CryptoQuant. The increase is associated with expectations of changes in cryptocurrency regulation in the US and recent political events. Donald Trump's victory in the elections has sparked optimism among investors who are anticipating more favorable conditions for the crypto market. The possibility of launching an ETF on XRP is also being discussed, which attracts institutional investors.

Sky Mavis, the developer of Axie Infinity, announced a 21% reduction in its global workforce. This is part of a restructuring plan to ensure the stability and growth of the company.

The reduction will affect about 50 employees out of 250. They will be offered severance packages and employment assistance.

The decision is related to prioritizing key products and long-term goals, rather than financial issues.

Bitcoin, after reaching almost $100,000, has fallen more than $4,000, falling below $96,000. The market cap has shrunk by $60 billion, falling below $1.9 trillion. Altcoins have also suffered, with XRP down 11% and ADA down 9%. Over the past 24 hours, $500 million in positions have been liquidated, mostly long positions. The largest liquidation on Binance was over $13 million.

Bitcoin was unable to surpass the $100,000 mark, dropping to $98,000. At the beginning of the week, BTC was trading at $90,000 but reached $99,800 amid growing interest in spot ETFs in the USA. Despite the pullback, Bitcoin rose by 7.2% for the week, but its dominance decreased to 55.5%.

Altcoins such as XRP and DOGE fell, while TON, DOT, and XLM showed significant growth. XLM increased by 29%, and its monthly growth amounted to 485%. The total market capitalization of the crypto market decreased by $50 billion but remains around $3.5 trillion.

Recent price movements of Ripple demonstrate significant bullish momentum, as buyers continue to dominate the market. XRP is approaching an important mark of $2, with the prospect of reaching this goal by the end of the year. The weekly chart shows that after a drop to $0.28 and subsequent consolidation, the price has surpassed key resistance levels. However, overbought conditions on the RSI may lead to a short-term correction.

The U.S. Securities and Exchange Commission (SEC) has confirmed the distribution of over $4.6 million to investors affected by the unregistered ICO of the startup BitClave.

- Funds will be paid from the BitClave Fair Fund after notification and the application process.
- BitClave conducted an ICO in 2017, raising over $25 million.
- In 2020, the SEC charged the project with violating federal securities laws.
- BitClave agreed to pay $29 million, but has so far only paid $12 million.

FTX Trading Ltd and its affiliated debtors have announced the completion of key stages in the implementation of the Chapter 11 reorganization plan. The plan will allow for the distribution of up to $16.5 billion among creditors and clients. Payments are expected to begin in early 2025. Agreements with distribution agents will be finalized in December, and clients will receive instructions on how to create accounts.

Bitcoin (BTC) is approaching the $100,000 mark, generating optimism in the market. The Fear and Greed Index has reached 94, indicating extreme greed among investors. This level was last observed in February 2021. Analysts expect a correction in BTC, which could lead to the start of the altcoin season, when capital shifts to other cryptocurrencies.