Coinedition
XRP whale inflows to Binance hit a 6-month high showing increased market activity. XRP price briefly dipped below $2 with volatility linked to rising inflows and outflows. Technical indicators show bearish trends with a breakout above $2.50 signaling bullish momentum.
Injective’s INJ 3.0 is expected to push the altcoin higher in the near future. ONDO is also expected to make a bullish move soon with the recent USDY debut on BounceBit. Jupiter recently passed a multi-billion dollar proposal and can push higher.
El Salvador and Argentina sign an agreement to strengthen crypto regulation in Latin America. El Salvador’s crypto expertise aims to boost regional cooperation and digital asset growth. President Bukele’s visit explores Bitcoin adoption, with Argentina considering similar policies.
Stuart Alderoty, Ripple’s CLO, opposes SEC Commissioner Caroline Crenshaw’s re-nomination over her stance on Bitcoin spot ETFs. Crenshaw resisted Bitcoin ETF approval despite a court ruling in favor of such products earlier this year. Crypto industry groups, including the Blockchain Association, ramp up lobbying efforts against Crenshaw’s confirmation.
The Altcoin market drops by 30%, with some tokens losing over 50%. Liquidity crunch and overleveraged trades blamed for the sharp correction. Experts recommend holding positions and rebalancing portfolios.
The blockchain gaming sector captured a 28.2% market share in November. Web3 gaming dUAW reached 6.8 million, surging 16% in November. opBNB dominated the Web3 gaming sector with 2.08 million dUAW.
Court denies Hancom Group chairman’s son’s crypto fraud case appeal. The court sentenced the chairman’s son to three years in prison. The suspect allegedly created and used slush funds worth $6.29 million.
