Observing a significant surge in November 2024, the NFT market’s sales volume increased by 57.8%, indicating a robust uptick in interest during the broader recovery of the cryptocurrency sphere, led by blue-chip collections and a varied blockchain ecosystem.
Coinbase has announced the termination of its USDC Rewards program in response to the upcoming MiCA regulations, aligning with its compliance strategy in the EEA. This decision coincides with significant shifts in the stablecoin landscape, including Tether’s termination of EURT and strategic investments into MiCA-compliant solutions.
Dogecoin rekindles interest with its new blockchain-based game, Super Doginals, amidst a challenging market position. Simultaneously, IntelMarkets marks a significant milestone, raising $2.5 million in its presale, highlighting the growing integration of AI in crypto trading.
The New York Department of Financial Services is poised to approve Ripple Labs’ RLUSD stablecoin, enhancing Ripple’s position in the competitive stablecoin market. The RLUSD, an overcollateralized dollar-pegged stablecoin, is expected to be launched following its approval, potentially increasing Ripple’s market influence.
In a remarkable twist of financial fate, Dogecoin experiences a sensational rally, soaring 250% amid a wave of optimism sparked by Elon Musk’s involvement and Donald Trump’s pro-crypto stance. Meanwhile, Bitcoin retreats, and stock markets reach new highs, highlighting a turbulent yet exciting time in the trading world.
XRP surpasses the $2 mark, reaching a high not seen since January 2018, and eclipses Solana in market cap, as Ethereum hits a six-month peak, signaling a bullish trend in the crypto market.
In a surprising twist, cryptocurrency pioneer Justin Sun ate a piece of art – a banana duct-taped to a wall for which he paid $6.2 million – in a move blending art with blockchain’s unorthodox ethos.
Tether is set to phase out its EURT stablecoin by November 27, 2025, in favor of introducing new, regulation-compliant stablecoins, EURQ and USDQ, in partnership with Quantoz Payments, aligning with Europe’s MiCAR regulatory standards.
Rising transaction volumes indicate investor confidence in Cardano (ADA) and Litecoin (LTC), suggesting significant growth potential by 2025.
XRP has overtaken BNB by market capitalization, reaching fifth place and nearing the prestigious $100 billion club after a significant surge in November, its best month since December 2017.
