XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

XRP community gets new rewards, Fed rules out BTC reserves, Strike CEO says Trump eyeing US BTC reserve, and more in this Week in Review.

Week in Review

Ripple’s RLUSD stablecoin debuted on Uphold, offering rewards and benefits to XRP holders. Federal Reserve Chair Jerome Powell ruled out the possibility of the Fed holding Bitcoin due to legal restrictions. Meanwhile, Strike CEO Jack Mallers hinted at President-elect Trump considering a Bitcoin strategic reserve. On the Solana front, decentralized apps achieved a record $365 million in monthly revenue. Lastly, Bitcoin experienced a sharp drop to $92K.

XRP Community Gains New Rewards

XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

Ripple’s RLUSD stablecoin debuts on Uphold, offering rewards and exclusive benefits, solidifying its role in digital… read more.

Editor’s comment: It will be important for Ripple to capitalize on the current XRP price appreciation by giving the XRP community more things to do in the XRP ecosystem.

Fed Rules out BTC Reserves: ‘We’re Not Allowed to Own Bitcoin’

XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

Federal Reserve Chair Jerome Powell has dismissed the idea of the Fed holding bitcoin, emphasizing legal restrictions… read more.

Editor’s comment: This doesn’t seem as damning to me as others have stated. I can imagine that the executive branch could contort some executive power in order to make a vehicle for holding bitcoin.

Strike CEO Drops Bombshell: Trump Eyeing US Bitcoin Reserve

XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

This week, Jack Mallers, the CEO and founder of Strike, dished on President-elect Donald Trump’s plan to establish… read more.

Editor’s comment: The rumor mill continues to churn, with more reputable figures predicting the bitcoin strategic reserve will happen.

Solana’s Dapps Revenue Hits Record $365 Million

XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

The Solana dapp ecosystem reached significant monthly revenue numbers in November, with Pumpfun crossing… read more.

Editor’s comment: Solana (SOL) might be consolidating at the moment, but the ecosystem is still buzzing with activity.

Bitcoin Drops to $92,118

XRP Community Gets New Rewards, Fed Rules out BTC Reserves, and More — Week in Review

Bitcoin (BTC) plunged over 9% on Friday to a 24-hour low of $92,118 at 6:30 a.m. Eastern Time… read more.

Editor’s comment: Remember, even in bull cycles, bitcoin can go down upwards of 20%. Don’t get shaken out now!

22.12.2024

You may have missed

What’s Preventing Bitcoin’s (BTC) Price from Reaching $70,000? How Long Will It Stay Under $65,000?

The crypto markets are becoming uncertain of the next price action as the top token, Bitcoin, has been shadowed under misty clouds. The bulls and bears exert equal pressure, causing the price to remain consolidated within a narrow range. With the price advancing towards the second half of the month, more bearish action is expected to occur, which could shake up the BTC price rally and the entire crypto market...

13.08.2024

BlackRock, Fidelity Combined Hold Almost 2.5% of Total BTC Supply in Their ETFs

BlackRock’s IBIT and Fidelity’s FBTC funds combined account for 2.5% of the total Bitcoin supply, representing over US$30 billion. IBIT holds 347,766.96 BTC worth US$20.32 billion, doubling the BTC count of Fidelity’s FBTC. Institutional investors like governments, public and private companies, and funds now hold a substantial and increasing share in the global Bitcoin market. BlackRock’s iShares with its IBIT and Fidelity’s Wise Origin Bitcoin FBTC funds now account for...

12.08.2024

Bitcoin Technical Analysis: BTC Struggles Amidst Bearish Pressure, Eyes Key Support Levels

Bitcoin’s price on August 12, 2024, stands at $59,777, with intraday 24-hour prices ranging between $57,814 and $61,054. The cryptocurrency’s market capitalization is $1.16 trillion, supported by a 24-hour trade volume of $29.81 billion. As bitcoin navigates this challenging environment, technical indicators reveal continued bearish momentum, testing the resolve of bullish investors. Bitcoin The 1-hour chart reveals a pronounced bearish trend, with bitcoin’s price declining from $61,868 to approximately $57,681...

12.08.2024