XRP Rally Sees Record Profit-Taking as Ripple Labs Plans to Invest in Bitwise XRP ETF The Market Value to Realized Value (MVRV) ratio surged to 217% on Tuesday, showing overbrought market activity. High profit-taking and an MVRV ratio indicating overvaluation could lead to a market correction. Ripple plans to invest an unspecified amount in the newly rebranded Bitwise Physical XRP ETP (earlier called the ETC Group Physical XRP).

MicroStrategy Retail Investors Caught Out On the Wrong Side of MSTR Trade MicroStrategy is currently up 416%, year-to-date, but it’s down almost 40% from its all-time high, which was set on Nov. 21. MicroStrategy’s net asset value premium has dropped to 2.09. On Nov. 20, MicroStrategy saw the largest daily retail buy on record, retail investors bought nearly $100 million in the stock last week – The Kobeissi Letter.

Short-Term Bitcoin Holders Have Moved Nearly $8B Worth of BTC to Exchanges, Signaling Price Bottom: Van Straten Short-term holders have sent almost $8 billion worth of bitcoin to exchanges at a loss over the past two days. The volatility in recent bitcoin price action has seen wild record swings in profit-taking to panic selling.

Deutsche Bank Invests in Blockchain Payment Network Partior Deutsche Bank joined Partior’s Series B funding round as a strategic investor. Partior raised a total of $80 million in the round. Other investors in the blockchain-based clearing firm include JPMorgan, Jump Trading and Standard Chartered.

Line, With an Eye on Telegram’s In-App Games Success, to Launch Mini Dapps Next Year Line will roll out 30 mini dapps on its app upon launch early next year. The introduction follows a renewed interest in blockchain integrations by social media platforms after the launch of Web3 games on Telegram.

Think Ethereum’s ETH is Dead? Surging Metrics Show Otherwise Cumulative open interest in perpetual and standard futures contracts has surged to a record 6.32 million ETH, worth over $27 billion. Activity in the ether options market listed on Deribit is also picking up, with over 2 million contracts active or open at press time, the highest since late June. Data shows a bump in revenue, fees, new wallets…

Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead BTC’s rally has stalled since Friday for several reasons, including waning demand at record prices. The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December. A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.

Tornado Cash Sanctions Overturned by U.S. Appeals Court A U.S. federal appeals court has delivered a major legal victory to the crypto sector by throwing out the U.S. Treasury Department’s earlier effort to directly sanction crypto mixing service Tornado Cash. The court found that the government didn’t have the proper tools to include the actual technology underpinning the service as a sanctioned ent…

Ripple Drops Another $25M Into Crypto PAC to Sway 2026 Congressional Races Fairshake will have a whopping $103 million to spend on the next U.S. congressional election — so far — thanks to another $25 million just promised from Ripple Labs. This latest contribution puts the political action committee in a powerful position to repeat its successes from this year’s elections, in which dozens of its favored pro-crypto can…

Justin Sun Joins Donald Trump’s World Liberty Financial as Adviser Crypto billionaire Justin Sun, who founded the Tron blockchain, has become an adviser to Donald Trump’s crypto project, World Liberty Financial. The Tuesday announcement comes a day after Sun bought $30 million worth of World Liberty’s WLFI tokens. Sales of WLFI had been sluggish before Sun’s purchase. “Justin’s insights and experience will be …

This Hedge Fund Now Has a 1,000x Profit on Bitcoin Pantera Capital Management, which launched its Bitcoin Fund in July 2013, has seen a 1,000-fold increase with returns of over 132,118%. The hedge fund started buying bitcoin back when one token cost $74. Pantera CEO Dan Morehead believes that the cryptocurrency could be worth $740,000 by April 2028.

Bitcoin’s Tumble to $91K Evokes Thanksgiving ‘Massacre’ of 2020 Bitcoin suffered a steep decline four years ago around Thanksgiving after being turned away at the $20,000 level. The action this year after failing at $100,000 is similar, though less severe so far. Those who bought the dip in 2020 didn’t have to wait long to be rewarded.

Crypto Gains Let Poor People Buy Houses, U.S. Research Finds, But Risks May Lurk The U.S. Treasury Department’s researchers were watching out for crypto risks, but they found digital assets enthusiasts with otherwise low incomes were buying homes in recent years at a high rate. The high-crypto, poor areas have apparently used crypto gains to obtain mortgages and car loans, the Office of Financial Research found, but the deli…

Morocco Drafts Regulations for Crypto, Central Bank Governor Says Morocco has drafted regulations for the crypto sector, its central bank’s head said. The country will also continue to explore whether or not central bank digital currencies can contribute to the country’s policy objectives.

CoinDesk 20 Performance Update: XLM Falls 14.6% as All Index Constituents Decline CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3150.49, down 5.3% (-175.81) since 4 pm ET on Monday. None of the 20 assets are trading higher. Leaders: BTC (-2.5%) and AVAX (-2.7%). Laggards: XLM (-14.6%) and POL (-10.4%). T…

First Mover Americas: Bitcoin’s Correction Takes Price Below $93K Bitcoin has fallen over 6% in the last 24 hours. Indicators suggest BTC could drop to as low as $90,000. Ether outperforms the broader market.

Three Reasons Why Bitcoin Risks Falling Below $90K: Godbole BTC traders purchase protective put options in response to Monday’s 5% decline. The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market. The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.

XRP Holds Strong as Archax Unveils Tokenized Money Market Fund on XRP Ledger Archax has provided access to Abrdn’s U.S. dollar Liquidity Fund (Lux) in tokenized form on XRPL. Ripple will allocate $5 million into tokens on Abrdn’s Lux fund, part of a larger allocation to real-world assets (RWAs) on the XRPL. XRP price jumped 6%, touching a high of $1.49 in the hours following the release, before paring gains in a market-w…

Ethereum Blob Usage Explodes as Traders Rush to Layer 2 Solutions Ethereum has seen a surge in blob usage, averaging over 21,000 blobs this month, matching March’s record activity. The Dencun upgrade allows Layer 2 solutions to efficiently bundle transactions and post them to Ethereum. Blob fees spiked, leading to the burning of over 166 ETH worth $560,000 in the past week.

Bitcoin Long-Term Holders Have 163K More BTC to Sell, History Indicates: Van Straten Long-term investors have sold almost 550,000 BTC, almost 4% of their holdings. Last week, one-day profit-taking touched a record high in dollar terms, more than $10.5 billion. The percentage drop from long-term holders continues to fall each cycle.