This week's cryptocurrency headlines are dominated by major developments, including Ripple's upcoming stablecoin launch, XLM's surge, XRP's bullish momentum, Binance delistings, and MicroStrategy's Bitcoin strategy.
Key Highlights
- Ripple's RL USD Stablecoin set for December 4 launch; XRP market cap surpasses $100B.
- Stellar Lumens (XLM) skyrockets 58% following Grayscale's 10-K filing highlighting 10% trust growth.
- Binance delists 8 altcoin pairs, triggering price drops of up to 30% for affected tokens.
- FIFA announces NFT-powered football game FIFA Rivals, launching in 2025.
- MicroStrategy secures $3B for further Bitcoin acquisitions.
Grayscale Filing Fuels XLM's 58% Price Surge
Stellar Lumens (XLM) surged to $0.53 this week—a 2021 high—after Grayscale Investments submitted a 10-K filing for its Stellar Lumens Trust. The document revealed a 10% year-over-year growth in the trust’s net assets, boosting investor confidence.
👉 Why XLM’s rally could continue
Analyst Insight:
"XLM broke key weekly resistance and a descending wedge pattern on the 4H chart, signaling strong bullish momentum. A move to $0.6 is likely."
— Andrew Griffiths, Crypto Analyst
Ripple’s RL USD Stablecoin: December 4 Launch Expected
Ripple’s NYDFS-regulated stablecoin, RL USD, is poised for a December 4 debut, positioning Ripple against rivals like Circle and Paxos. Partnerships with Bitstamp and Moonpay aim to ensure broad accessibility.
XRP Momentum:
- Market cap eclipsed BNB, surpassing $100B for the first time in 3 years.
- Price surged 230% in November amid growing investor optimism.
Binance Delists 8 Altcoin Trading Pairs
Citing low liquidity and periodic reviews, Binance will delist the following pairs on December 10:
- GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT
- OAX/BTC, OAX/USDT, REN/BTC, REN/USDT
Impact: Affected tokens (e.g., GFT, OAX) dropped ~30% post-announcement.
MicroStrategy’s $3B Bitcoin Acquisition Plan
After raising $3B via convertible notes, MicroStrategy co-founder **Michael Saylor** hinted at further Bitcoin purchases. The firm holds **386,700 BTC** (~$37.5B), reinforcing its status as the largest corporate BTC holder.
FIFA Rivals: NFT-Powered Football Game Coming in 2025
FIFA partnered with Mythical Games to launch FIFA Rivals, a mobile game featuring:
- Real-time matches and club management.
- An NFT marketplace for trading player collectibles.
"This collaboration bridges Web3 gaming and major sports franchises."
— Nate Nesbitt, Mythical Games
DePin Gaming: Chirp Launches Kage on Sui Blockchain
Kage, the first game integrating DePin (Decentralized Physical Infrastructure Networks), rewards players with CHIRP tokens for detecting nearby Wi-Fi networks via smartphones.
Bitcoin Watch: $100K in Sight?
BTC hovers near $97K, with analysts eyeing a potential six-figure breakout by Christmas.
FAQs
Q1: Why did XLM price surge?
A: Grayscale’s 10-K filing revealed 10% growth in its XLM Trust assets, driving investor interest.
Q2: When will Ripple’s stablecoin launch?
A: Expected December 4, pending NYDFS approval.
Q3: Which tokens were delisted by Binance?
A: GFT, IRIS, KEY, OAX, and REN pairs (full list above).
Q4: What’s unique about FIFA Rivals?
A: It combines FIFA licensing with NFT trading, akin to Mythical Games’ NFL Rivals.
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Disclaimer: This article reflects the author’s views and not investment advice. Always conduct independent research.