The crypto world never sleeps, even during Thanksgiving! From groundbreaking developments in Bitcoin ETFs to major milestones for Solana, here’s a roundup of the top stories you may have missed this week.
The XRP Ledger (XRPL) is making waves after being listed on Dexscreener, a leading platform for decentralized trading analytics. This new addition simplifies tracking and analyzing XRPL activity, allowing traders to explore the growing market of XRP-based memecoins.
Bitcoin’s spot ETF market faced a hiccup this week with $438 million in outflows on Monday, bringing an end to its recent streak of inflows. Notable players like Bitwise’s BITB and Grayscale’s GBTC led the withdrawals, but there was a silver lining: BlackRock’s IBIT reported $267.8 million in inflows, maintaining positive momentum.
Despite a dip in Bitcoin’s price to $94,500, the cryptocurrency demonstrated resilience, with trading volumes surging to $5.6 billion.
Former U.S. President Donald Trump has entered the crypto spotlight again, reportedly holding $5.4 million in crypto, mainly in Ethereum. Additionally, Tron founder Justin Sun made headlines with a $30 million investment in World Liberty Financial, a DeFi project linked to Trump’s family.
In a major policy reversal, Morocco is drafting laws to regulate cryptocurrencies after banning them in 2017. The move aligns with the central bank’s exploration of a potential Central Bank Digital Currency (CBDC). This pivot could open up new opportunities for crypto adoption in the region.
Solana continues its impressive growth streak, hitting a record 54 million daily transactions. Coinbase’s Base network isn’t far behind, reporting 9.1 million daily transactions—a massive 30x increase since January 2024. This marks a significant milestone for both ecosystems as they expand their capabilities in decentralized finance (DeFi) and beyond.
Crypto platform Pump.fun temporarily disabled its livestream feature following backlash over certain inappropriate streams. The company announced that streams would remain unavailable until improved moderation tools are implemented to handle the surge in user activity.
Phantom wallet users have a reason to celebrate, as it now supports Coinbase’s Layer 2 network, Base. This addition broadens Phantom’s functionality, aligning with Base’s continued growth in daily transactions, which recently hit an all-time high of 9.1 million.
Avalanche made headlines this week with the launch of Avalanche9000, its most significant testnet upgrade to date. This upgrade promises reduced deployment costs for developers and up to $40 million in rewards, further solidifying Avalanche’s position as a leading blockchain platform.
Chainlink’s latest report showcases its pivotal role in powering DeFi. By enabling tokenized assets like real estate and Ethereum ETFs, Chainlink’s technology continues to bridge the gap between traditional finance and the decentralized economy.
From Bitcoin ETFs to Solana’s record-breaking milestones and regulatory shifts in Morocco, this week’s developments highlight the crypto industry’s dynamic nature. As the market continues to evolve, these stories remind us that innovation and challenges go hand-in-hand in shaping the future of finance.
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