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Binance is set to list Pudgy Penguins' PENGU token and Simon's Cat meme coin on December 17, with trading pairs including USDT, BNB, FDUSD, and TRY. Following the announcement, Simon's Cat surged over 60%, reaching an all-time high of $0.00006811, while PENGU will debut with a circulating supply of over 623 million tokens. However, concerns about Binance's listing practices persist, as many meme coins experience significant price spikes followed by sharp corrections, raising questions about the sustainability and fairness of these strategies.
Digital asset investment products saw a remarkable $3.2 billion in inflows last week, pushing year-to-date totals to $44.5 billion, driven primarily by Bitcoin and Ethereum ETFs. XRP also experienced significant interest, with $145 million in inflows, as Ripple prepares to launch its RLUSD stablecoin. Bitcoin reached a new all-time high of $107,822, while Ethereum attracted $1 billion in inflows, marking a record for the year.
Bitcoin soared to a new all-time high of $107,822, driven by President-elect Donald Trump's commitment to establishing a national Bitcoin reserve. This surge follows Trump's remarks about enhancing the U.S. position in the crypto space, alongside support from Wyoming Sen. Cynthia Lummis, who introduced the Bitcoin Act. The potential for a strategic reserve has sparked optimism among investors, suggesting a competitive landscape for Bitcoin adoption among nations.
VanEck forecasts significant price increases for major cryptocurrencies by 2025, predicting BTC at $180K and ETH at $6K, driven by a bullish market following Donald Trump's election. The firm anticipates a surge in stablecoin trading volume to $300 billion and a peak of $4 trillion in decentralized exchange volume, fueled by AI and new DeFi projects. Additionally, the NFT market is expected to rebound to $30 billion, supported by popular projects.
Bitget has received a Bitcoin Service Provider license from El Salvador's central reserve bank, enabling it to offer various Bitcoin-related services, including fiat exchanges and secure custody solutions. The exchange is also seeking a Digital Assets Service Provider license for broader digital asset trading. This development aligns with El Salvador's evolving Bitcoin regulations as the country negotiates a $1.3 billion loan with the IMF, which may lead to making Bitcoin acceptance voluntary for businesses.
Anchorage Digital has secured a BitLicense from the New York State Department of Financial Services, allowing it to offer institutional clients a secure trading environment with deep liquidity and competitive fees. This move comes amid rising institutional interest in regulated crypto solutions, positioning Anchorage Digital as a leader in the sector. The firm plans to fully operationalize its expanded services by early 2025, enhancing its reputation and compliance in the complex regulatory landscape of digital assets.
XRP surged by 370% following Trump's election win, outpacing Bitcoin and the broader crypto market, driven by increased institutional interest and speculation about regulatory clarity. Despite recent volatility, XRP's trading volume remains robust, with major exchanges like Binance and Upbit leading in transactions. The digital asset's performance is bolstered by expectations of potential ETF approvals and favorable legal rulings regarding its status.
Bitcoin surged past $106,000 following Donald Trump's pro-crypto remarks and plans for a strategic reserve, igniting enthusiasm among investors. The anticipated appointment of Paul Atkins as SEC chair could foster a more cooperative regulatory environment, potentially positioning the U.S. as a global crypto hub.
Singapore has emerged as the global leader in cryptocurrency adoption, with 40% of its investors holding digital assets, according to a report. The city-state boasts a robust infrastructure for digital tokens, with around 30 licensed payment firms, and is implementing tax incentives for crypto. As traditional financial systems evolve, both Gen-Z and Baby Boomers are increasingly recognizing the potential of mainstream crypto transactions.
Ripple is set to launch its US dollar-pegged stablecoin, Ripple USD (RLUSD), on December 17, available on platforms including Uphold, Bitso, and MoonPay, with plans for further expansion. Each RLUSD token will be fully backed by US dollar deposits and audited reserves, aiming to enhance adoption amid evolving US regulations. The stablecoin is positioned for use in cross-border payments and DeFi integration, although its availability in the EU remains uncertain due to new regulations.

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