Effective December 14, Coinbase had delisted Tether (USDT) and five other stablecoins from its platforms in Europe in anticipation of the new MiCA regulations, but will continue supporting USDC and EURC which comply with the upcoming rules.
With Ethereum struggling to break the $4,000 resistance and Cardano stabilizing near $1.20, BlockDAG’s X-Series miners emerge as a profitable and efficient mining solution, generating over $5.9 million in sales and positioning itself as a strong contender in the crypto mining industry.
In a sudden move, the crypto market saw $252 million liquidated due to profit-taking, causing temporary drops in Bitcoin and Ethereum prices. However, both currencies showed resilience, with Bitcoin challenging the $100,000 mark and Ethereum aiming for $4,000.
The NFT market witnesses a significant sales spike of 16.36%, totaling $224.5 million, amid fluctuating cryptocurrency values. Notably, Pudgy Penguins leads with sales escalating by 50%, while Ethereum remains the dominant blockchain network.
The cryptocurrency market is on edge with a staggering $4.26 billion in Bitcoin and Ethereum options set to expire today, potentially stirring significant market fluctuations. This event may either propel a year-end rally or trigger selling pressure across these leading digital assets.
Solana (SOL) is gaining traction, trading around $226.74 with positive signs for further growth. Boosted by dApps and NFTs activity, alongside favorable economic trends, SOL is on the verge of a breakout with a $264 target in sight and an optimistic projection of reaching $300.
The NFT market experienced a robust start to December, with weekly sales volumes hitting $187 million, showcasing increased investor interest. However, the period also highlighted challenges, such as notable scams and technical issues with new crypto token launches.
As the crypto market faces a downturn, Litecoin (LTC) experiences a significant drop, with traders rallying to defend the crucial $100 support level through strategic leverage. This move aims at mitigating further declines and preparing for a potential rebound amidst ongoing global geopolitical tensions.
XRP has witnessed a surge of 11% following Ripple’s announcement that their innovative RLUSD stablecoin has received regulatory approval, with an imminent launch on the horizon. The positive sentiment surrounding Ripple’s advancement has buoyantly impacted XRP, underscoring the interconnected optimism within Ripple’s ecosystem.
Circle has launched CCTP V2, an advanced version of its Cross-Chain Transfer Protocol, aiming to enhance the transfer efficiency and user experience of USDC across various blockchains. This upgrade, set to go live in early 2025 on platforms including Ethereum, Base, and Avalanche, promises faster and more secure cross-chain transactions, positioning Circle to improve the landscape of digital payments and pursue its IPO ambitions.
