🪙🚀New York financial regulator approves Ripple's stablecoin, Brad Garlinghouse

👀 Ripple's CEO said that RLUSD trading would be "available soon" on exchanges after the New York Department of Financial Services approved the stablecoin.

Ripple Labs CEO Brad Garlinghouse reported that the New York Department of Financial Services (NYDFS) has approved the firm's RLUSD stablecoin after months of consideration. Ripple executives speculated that the stablecoin could reach a market cap of $2 trillion by 2028.

☝️ The firm began testing RLUSD on the XRP ledger and Ethereum mainnets in August and announced partnerships with exchanges including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish in October.

Garlinghouse appeared on a 60 Minutes segment aired on Dec. 8 to discuss the cryptocurrency industry's role in influencing the 2024 U.S. election.

✨️ Ripple is also involved in an ongoing legal battle with the U.S. Securities and Exchange Commission over XRP token offerings.

#XRP/USDT🔥🔥 #ripple #XRP🚀 #XRPBullRun #BTC☀️ $XRP

GM Xai
@XAI_GAMES Official announcement: Sales will start at 10:00 am on December 14th, Beijing time!
Official purchase address: sentry.xai.games
ETH transferred to ARB chain

Xai

Yesterday a big guy sent me a voice message and told me to defend, but I heard it as let's go!

🚨Crypto market in chaos: $760M liquidated in 24 hours🚨

🗣 The cryptocurrency market is being hit by a new wave of turmoil. In a span of 24 hours, nearly 760 million dollars have been liquidated, with 200 million in just one hour.

This sharp movement, a symptom of an ever-bubbling market, reflects the vulnerability of leveraged positions to sudden price fluctuations.

At the same time, this situation highlights the significant challenges investors must face, balancing risk management and heightened volatility. In the last 24 hours, the cryptocurrency market has been shaken by a series of massive liquidations, plunging trading platforms into unprecedented chaos.

According to data published by Cointelegraph on December 9, 2024, on social media platform X (formerly Twitter), "nearly 760 million dollars have been liquidated during this period, with a peak of 200 million dollars in a single hour." These figures, revealing the brutality of the events, indicate a deep imbalance caused by a rapid drop in prices across several major assets.

The most affected assets include Bitcoin and Ethereum, often considered the pillars of the crypto ecosystem. Thus, traders who had taken positions with high leverage were unable to cover their margin calls, triggering a cascade of forced selling.

This mechanism, already well-known in such volatile markets, amplified the price drop. Furthermore, this price decline creates a domino effect that has intensified volatility and reinforced a climate of panic among investors.

For investors, these losses underscore the urgency to develop more robust risk management strategies capable of cushioning the impacts of sudden market fluctuations.

#bearish #bearstime #rugpul #BTC☀️

$BTC $ETH $XRP

🚨🐋 Liquidations exceeded $1.7 billion after Bitcoin fell below $95,000 😫

The cryptocurrency market experienced a turbulent day following a sharp drop in Bitcoin below $95,000, which triggered massive liquidations.

In total, liquidations amounted to $1.75 billion in the last 24 hours, affecting more than 582,486 traders. This wave of total liquidations once again highlights the volatility of the market and the consequences of high leverage on long positions.

According to data provided by Coinglass, liquidations totaled $1.75 billion over a 24-hour period. This collapse primarily impacted long positions, with losses of $1.58 billion, while short positions accumulated losses of $171.2 million.

☝️Summary of liquidations for the most relevant cryptocurrencies:

✅️Bitcoin (BTC): $189.1 million in liquidations.

✅️Ethereum (ETH): $245.2 million in liquidations.

The drop in Bitcoin to $94,900 caused a domino effect that left thousands of investors with positions forcibly closed due to insufficient margins.

💡Comparison with historical liquidations.

This event is not the first to trigger a large number of total liquidations.

On December 5, liquidations of $1.1 billion were recorded, the largest amount since December 2021. At that time, a "leverage purge" eliminated thousands of excessively optimistic leveraged positions.

These episodes demonstrate that the crypto market remains highly susceptible to sharp movements and speculation with high leverage.

#bearstime #bullrun2024📈📈 #BullorBear #BTC☀️

$SOL

$BNB

$XRP

🪙🚀 Bitcoin celebrates 12 years since the first halving and continues with opportunities

🧩 The halving not only limits the supply of new Bitcoins but also creates opportunities for investors, according to Sebastián Serrano, CEO of Ripio.

On Thursday, November 28, Bitcoin marked 12 years since its first halving, a crucial event that regulates its supply by reducing the rewards for miners.

These moments play a strategic role in the scarcity of the asset, limiting the number of new Bitcoins generated. With each halving, the price of the asset has shown an upward pattern. In 2012, Bitcoin was worth 12 US dollars; today it exceeds six figures. “Halvings bring fluctuations, but also new entry opportunities to the market,” Serrano explained.

🗣 Digital gold and the next decade
In addition to its appreciation, Bitcoin has seen its adoption grow with the approval of spot Bitcoin ETFs, attracting institutional investors.

📈 This movement generated a demand of up to 12,000 BTC per day, while only 450 new BTC are mined daily. With the next halving scheduled for 2028, the block reward will be reduced to 1.5625 BTC.

#BTC🔥🔥🔥🔥🔥 #Bitcoin❗️ #Bitcoin! #Trump #XRP🚀 $BTC

🐋Microsoft shareholders vote “no” to Bitcoin reserves🐋

The company’s board of directors opposed the resolution, citing Bitcoin’s alleged volatility as a negative factor.

The National Center for Public Policy Research (NCPPR), a pro-free market think tank based in Washington, D.C., had proposed the resolution, framing it as a corporate duty to provide shareholder value through profit diversification.

🪙☝️ The proposal did note that Bitcoin was “more volatile” than corporate bonds, so it advised against holding “too much of it,” but it also advised against risking shareholder value by “ignoring Bitcoin altogether.”

As such, the NCPPR recommended using between 1% and 5% of the company’s profits to buy Bitcoin. The proposal formally requested that Microsoft “conduct an assessment to determine whether diversifying the company’s balance sheet to include Bitcoin is in the best long-term interests of shareholders.”

🔮💸 However, Microsoft’s board of directors was unfazed before the vote. “Microsoft has robust and appropriate processes in place to manage and diversify its corporate treasury for the long-term benefit of shareholders,” the board wrote in the aforementioned SEC filing, “and this requested public assessment is not warranted.”

#BTC☀️ #Bitcoin❗️ #Write2Earn #XRP/USDT🔥🔥 #ADA $BTC

Xai
Birthday drink some red wine, keep it up.

Did you miss out $ETH at $10 ?
Did you miss out $SOL at $1 ?

Then do a research on $AERGO #Blockchain while still under radar!👇🚀
Current MarketCap still under $100M

Did you miss out $ETH at $10 ?
Did you miss out $SOL at $1 ?

Then do a research on $AERGO #Blockchain while still under radar!👇🚀
Current MarketCap still under $100M

Good morning!

Full of memories, how many bitcoins do you all have in hand? I have 0.02!

🐋💸 Bitcoin's dominance recovers to 57% as BTC approaches $104,000

$BTC has recovered and surpassed USD 100,000 for the first time in history.

A measure of how much of the total cryptocurrency market value belongs to BTC surged when the asset reached a historic six-figure high on December 5, and most altcoins failed to match its gains.

☝️ "Bitcoin is the best-performing asset of the last 12 years, and it is still in its early days."

🔮 Social sentiment has also increased: Google Trends reported that December 5 saw the largest spike in Bitcoin searches in the last week.

We are in a historic year 2024; too many important things have happened in the blockchain world! Remember this year and month in your 📅 calendars.

Do your own research 💡☝️

#BTChallenge #BTC🔥🔥🔥🔥🔥 #BTC☀️ #Bitcoin!

🤔How far can the price of Bitcoin go❓️

🚀 The price increase of Bitcoin above USD 100,000 just one month after Trump's reelection has fueled bold predictions, and analysts point to the next value being between USD 150,000 and USD 250,000.

📅 On December 5th, the leading cryptocurrency rose by up to 4.95% to establish a new all-time high of around USD 103,640, making its net profitability since Trump's reelection as President of the United States exceed 50%.

Most analysts now expect Bitcoin to continue its upward trend beyond the USD 100,000 mark.

🎖 But, how far can Bitcoin go in the short and medium term?

Bernstein analysts project that Bitcoin will reach USD 200,000 by the end of 2025, driven by regulatory clarity and institutional adoption.

💡 The appointment of Atkins, a cryptocurrency advocate, as SEC chair under the elected President Trump's administration is expected to end the era of "regulation by enforcement," fostering innovation in blockchain in the U.S. and greater acceptance of digital assets.

Do Your Own Research ☝️🗣

#BitcoinPrediction #Bitcoin100K #Trump #bullrun2024📈📈

🤔How far can the price of Bitcoin go❓️

🚀 The price increase of Bitcoin above USD 100,000 just one month after Trump's reelection has fueled bold predictions, and analysts point to the next value being between USD 150,000 and USD 250,000.

📅 On December 5th, the leading cryptocurrency rose by up to 4.95% to establish a new all-time high of around USD 103,640, making its net profitability since Trump's reelection as President of the United States exceed 50%.

Most analysts now expect Bitcoin to continue its upward trend beyond the USD 100,000 mark.

🎖 But, how far can Bitcoin go in the short and medium term?

Bernstein analysts project that Bitcoin will reach USD 200,000 by the end of 2025, driven by regulatory clarity and institutional adoption.

💡 The appointment of Atkins, a cryptocurrency advocate, as SEC chair under the elected President Trump's administration is expected to end the era of "regulation by enforcement," fostering innovation in blockchain in the U.S. and greater acceptance of digital assets.

Do Your Own Research ☝️🗣

#BitcoinPrediction #Bitcoin100K #Trump #bullrun2024📈📈