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New York regulators approve RLUSD stablecoin, Ripple CEO says The New York State Department of Financial Services (NYSDFS) approved Ripple's first stablecoin, RLUSD, on Tuesday, according to CEO Brad Garlinghouse. Ripple to enter stablecoin market Ripple intends to provide digital currency investors RLUSD to mitigate the volatility of its main asset, XRP. Ripple wants to expand its operations and deliver a reliable digital currency, therefore the certification is essential. Ripple may need a limited purpose trust charter to function properly in New York. This charter will let the company provide digital asset services without banking regulations. Coinbase and Robinhood may trade and store cryptocurrencies with a BitLicense from the NYDFS. Ripple enters the stablecoin market after Paxos and Gemini received regulatory certification for PAX and GUSD, respectively. MoonPay president of Enterprise Keith Grossman voiced confidence in Ripple's market launch, emphasizing the need for “well-capitalized, highly regulated players” in the shifting global financial landscape. Garlinghouse said that Ripple will notify the public when RLUSD is live and that exchange and partner listings will be provided shortly. Garlinghouse Requests Clear Crypto Regulations Garlinghouse made the remark after appearing on CBS's "60 Minutes," when he called for clearer crypto regulations. To sustain the US' cryptocurrency leadership and prevent the sector from relocating to countries with less safeguards, the CEO stressed the need of “clear rules of the road”. “We want regulation. “Just give us clear rules of the road,” Garlinghouse added. Garlinghouse also addressed politics, including President-elect Donald Trump's Bitcoin attitude, in his interview. He quipped, “Whether or not it’s a conflict of interest, the voters have knowingly said we want this person to be our president.” Garlinghouse also complimented US Congress' bipartisan Fit 21 measure, which he regards as a step toward fair regulation. #RLUSDApprovalBoostXRP #MajorAirdropWatch $XRP

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$BB recently tested support levels and is now facing resistance around $0.45. If it manages to break this resistance, there’s a strong potential for further upward momentum. Should the buying pressure continue, BB could rally significantly and even reach the $1 mark. Traders are watching closely, as market sentiment remains positive, and the price action suggests that surpassing $0.45 could trigger a bullish run. Keep an eye on volume and breakout signals.

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Why Has $PNUT Token Been So Successful? Peanut ($PNUT), a squirrel-themed cryptocurrency token, is seeing phenomenal growth and may soon be a golden opportunity for investors. Inspired by a rescued squirrel, Peanut debuted on the Solana blockchain. After her downfall at the hands of public health officials, her narrative took on a life of its own as an animal rights movement, becoming an election-season hot potato that even Donald Trump and Elon Musk weighed in on. The Price of PNUT xploded Due to a Single Tweet by Musk It was just a matter of time before the currency became a joke, and Musk's internet promotion saw its market value soaring from $3 million to a staggering $140 million in only one day. The price has been steadily going up since mid-November, but it has dropped 9.7 percent in the last four days, to $1.11. But it seems that there is a slowdown in the sector as a whole, not just in $PNUT. Analysis of PNUT Value Investing in cryptocurrency does not ensure a profit, even if it has a bright future. In particular, a meme currency that seems to have gotten its meteoric rise from a topic that became political in a flash. If you're not interested in investing in squirrel meme coins or didn't catch the 55.7x $P$PNUT ve when it occurred, there are two additional meme currencies that might be lucrative and bullish that you should consider. #PNUT $PNUT #BuyTheDipOrWait #gem #MarketCorrection

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Amid Rising ETF Demand, Ethereum Battles Retail Bearishness After testing the crucial $4,000 price barrier, Ethereum (ETH) continues to decline. This downturn has led Binance investors to become negative. Darkfost of CryptoQuant found that Binance's Ethereum taker buy-sell ratio went “sharply negative” around $4,000. This means most exchange dealers are selling. Ethereum Tug of War Darkfost reports that Binance has been negative since November, as Ethereum approaches this important barrier level. The expert said that although this adverse emotion might foreshadow a reversal, Ethereum's price movement has withstood significant bearish sentiment due to other causes. Institutional interest in Ethereum Exchange-Traded Funds (ETFs) has increased, supporting Ethereum's price movement. Institutional investors are increasingly influencing price fluctuations as Ethereum ETF demand rises. Consistent institutional interest in Ethereum-focused investment products may have mitigated Binance retail traders' selling pressure. ETH Market Forecast Ethereum saw a major price correction, falling to $3,616 today. The asset is presently trading at $3,621, down roughly 6% in the previous day. As expected, this price performance has reduced the asset's market worth by nearly $40 billion, from $490 billion last Friday to $434 billion today. In contrast to this price drop, Ethereum's daily trading volume has increased from $60 billion on December 6 to $72 billion today. Due to market conditions, ETH volume may be rising due to sell-offs. Coinglass reports 526,828 dealers liquidated in the previous 24 hours, totaling $1.58 billion. About $234.72 million of these liquidations are ETH. Long-term liquidations dominate at $208.83 million. Short traders lost $25.89 million in ETH liquidations. Analysts believe Ethereum's price drop is “healthy” for the market. #Ethereum #ETH #MicroStrategyAcquiresBTC #MarketCorrection #AltSeasonBoom? $ETH

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Could Google's supercomputer break Bitcoin? Crypto community remains optimistic Bitcoin was debated on social media when Google announced Willow, their newest supercomputer hardware. Willow computes typical calculations in five minutes, while supercomputers take light years. Cryptocommunity members discussed Willow's ability to breach Bitcoin's encryption. Bitcoin faces conflicting views on Tuesday as crypto community members discussed Google's new quantum device Willow's capacity to hack blockchain networks and make public key cryptography obsolete. Bitcoin fears surge after Google's quantum processor announcement. Google's Willow quantum computer device raises Bitcoin and crypto encryption issues. Willow's ability to undermine Bitcoin's security and private key cryptography is feared. Willow, a 105-qubit quantum computing device, reduces processing mistakes. The chip can finish a benchmark work in under five minutes, "a task that would take today's supercomputers around 10 septillion years to complete," Google stated on Monday. Crypto community members are divided on Willow's capabilities and its influence on Bitcoin and the crypto market. Some people believe this new technology will break Bitcoin and eliminate crypto encryption. Most experts said Willow's unprecedented processing speed has significant security flaws when tested with Bitcoin. Bitcoin has two encryption algorithms: ECDSA and SHA-256, according to Bitcoin enthusiast Ben Sigman. Sigman noted that both encryptions take millions of qubits to break, therefore Willow's 105 qubits won't crack Bitcoin. Kevin Rose, True Ventures partner and presenter of The Kevin Rose Show, agreed. Others said crypto won't worry investors if Willow can hack crypto encryption. Willow may never crack Bitcoin's encryption, but most crypto community members agree that blockchains must be rethought to be future-proof as technology evolves. Bitcoin trades slightly over $97,000 at press time, recovering from a market drop. #MicroStrategyAcquiresBTC #AmazonBitcoinMove #MarketCorrection #QUANTUMvsBTC

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