As Tether (USDT), the issuer of the world’s largest stablecoin, USDT, prepares for a significant fundraising effort aimed at entering the US market, the company is actively seeking ways to bolster liquidity for its investors. 

This initiative comes in the wake of Tether’s intervention to prevent some existing shareholders from offloading their stakes at a substantial discount.

Tether In Talks With Major Firms

According to Bloomberg, Tether is contemplating various strategies, including share buybacks and the tokenization of the company’s shares on a blockchain once the fundraising deal is complete. 

These discussions have been prompted by concerns that the sale of shares by certain investors could jeopardize Tether’s ambitious fundraising goals. 

In response to inquiries from Bloomberg News, Tether confirmed that it has successfully halted plans from at least one shareholder seeking to divest their stock, emphasizing that it would be “imprudent” for any investor to attempt to bypass the established processes managed by top-tier global investment banks. 

Tether’s management is actively managing these situations to ensure that the forthcoming fundraising effort remains robust. Reports indicate that the company aims to attract “strategic” investors as part of its capital raise and has held discussions with firms such as SoftBank Group Corp. and Ark Investment Management LLC. 

However, Tether has not provided a timeline for a potential initial public offering (IPO), suggesting that both new and existing investors may face delays before any liquidity events occur.

Juventus Acquisition Proposal

Tether also announced on Friday a binding cash proposal to acquire Exor’s entire stake in the Italian Football giant, Juventus Football Club. This proposal aims to secure Exor’s shareholding, which represents 65.4 percent of Juventus’ total issued share capital. 

The completion of this acquisition is contingent upon Exor’s acceptance, the signing of final agreements, and the receipt of necessary regulatory approvals.

Tether intends to make a public tender offer for any remaining shares at the same price, fully backed by its own capital, reflecting a long-term commitment to Juventus. 

Paolo Ardoino, CEO of Tether, expressed a deep personal connection to the club, emphasizing that his experiences with Juventus have instilled values of commitment, resilience, and responsibility in him.

With plans to invest €1 billion in the club’s development and support, the firm’s proposal extends beyond mere ownership; it aims to forge a meaningful partnership that reinforces Juventus’ legacy and enhances its global brand, the firm disclosed.

Ardoino articulated his belief in the club’s importance, stating that Juventus is more than just a football team; it represents a cultural and sporting identity that has inspired loyalty among fans worldwide.

Featured image from DALL-E, chart from TradingView.com 

A cross-party group of UK lawmakers jointly expressed concerns about the Bank of England (BOE)’s proposal to limit stablecoin holdings in the country, urging Chancellor Rachel Reeves to push back on the controversial policy.

UK Lawmakers Fight Stablecoin Cap Plans

On Thursday, a coalition of UK lawmakers sent a letter asking Chancellor Rachel Reeves to oppose some of the Bank of England’s stablecoin-related policies that could undermine the government’s efforts to position the UK as one of the leading nations in the digital assets industry.

In the letter reviewed by Bloomberg, members of the House of Lords, the House of Commons, and peers highlighted how stablecoins are reshaping financial infrastructure by lowering costs, accelerating settlements, and promoting financial inclusion.

“Their rise is also enabling traditional institutions to connect with the digital asset ecosystem and modernise legacy infrastructure,” it noted, “Powerful tailwinds are rapidly driving a major shift across financial services as we know them.”

However, they argued that BOE’s proposal to cap stablecoin ownership could “risk preventing the UK from fully capitalising on these opportunities,” drive innovation offshore and investors to USD-pegged alternatives, while potentially positioning the UK “as a global outlier.”

“We are deeply concerned that the UK is drifting towards a fragmented and restrictive approach that will deter innovation, limit adoption, and push activity overseas,” the coalition wrote in the letter.

As reported by Bitcoinist, the BOE released a new consultation paper on its proposed regulatory framework for sterling-denominated systemic stablecoins in November. The proposed rules, built on feedback received on the November 2023 Discussion Paper, addressed backing rules and holding limits.

Among the controversial policies, the Bank proposed to temporarily cap stablecoin ownership to “mitigate financial stability risks stemming from large and rapid outflows of deposits from the banking sector.”

The restriction would impose limits of £10,000 to £20,000 for individuals and £10 million for businesses, resembling its proposed approach to the digital pound, also aimed at addressing financial stability risks.

MPs Call BOE’s Policies ‘An Own Goal’

In a statement to Bloomberg, a Treasury spokesperson said that they “want the UK to be a global leader in digital assets, providing certainty for firms and boosting consumer confidence by bringing cryptoassets under regulation.”

“Our approach will be fair and proportionate, and we continue to work closely with the Bank of England on the UK approach to stablecoins,” the spokesperson affirmed, adding, “Their recent consultation provides an invaluable opportunity for stakeholders to provide views.”

Earlier this week, the Financial Conduct Authority (FCA) stated that stablecoin payments will be a priority for the next year. In a letter sent to the Prime Minister on Tuesday, the regulatory agency pledged to “finalise digital assets rules and progress UK-issued sterling stablecoins” in 2026.

However, the report noted that the overall perception among lawmakers and market participants is that the UK is falling behind other jurisdictions, including the US, which introduced a comprehensive regulatory framework for stablecoins in July.

It’s worth noting that the BOE suggested that systemic stablecoin issuers be required to hold at least 40% of the reserves backing the token as unremunerated deposits at the central bank to ensure “robust redemption and public confidence, even under stress.” Meanwhile, issuers would be allowed to hold up to 60% of backing assets in short-term UK government debt.

Lawmakers consider that requiring all reserves backing sterling-pegged tokens to be held in the UK is a “massive own goal” that will limit the relevance of the pound. “To remain globally competitive, the UK must ensure its stablecoin framework is benchmarked against leading international models,” the lawmakers concluded.

Pakistan’s Virtual Assets Regulatory Authority has issued “No Objection Certificates” (NOC) to Binance and HTX, allowing both platforms to begin formal steps to operate inside the country.

The clearances do not amount to full licenses. They instead permit preparatory work such as registering with the country’s anti-money-laundering system and setting up local units before full license applications are filed, reports disclosed.

Tokenization Deal And Local Ties

Based on reports, the finance ministry said the NOCs could cover government bonds, treasury bills and some commodity reserves. The move is aimed at creating new ways to raise liquidity and to open government assets to wider markets through blockchain-based tokens.

Pakistan takes a decisive step toward a regulated digital asset future.

Pakistan Virtual Assets Regulatory Authority (PVARA) has issued NOCs to Binance and HTX, launching a phased, FATF-aligned pathway toward full licensing. Strong governance, AML and CFT compliance remain… pic.twitter.com/jSk6JTqvFt

— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) December 12, 2025

A Shift Toward Formal Oversight

Officials from the virtual-assets authority said they examined governance, risk controls and compliance frameworks before granting the early approvals. These NOCs let the exchanges connect to Pakistan’s AML systems and coordinate with the Securities and Exchange Commission to set up regulated subsidiaries. That review was described as part of a phased licensing system meant to align local rules with global standards.

Partnerships And Local Players Move Fast

Local payments firms and government bodies are being brought into talks. One public statement from a Pakistan-based payments group said the aim is to study how regulated virtual-asset access could expand financial services for ordinary users, while keeping track of risks. Commercial ties like these could speed up customer access if full regulatory approval follows.

How Big Is Pakistan’s Crypto Scene?

Based on reports, Pakistan ranks third globally in retail crypto activity. That ranking has helped push the authorities to build a formal regime quickly.

Officials say the new framework will be backed by a Virtual Assets Act and other measures, including plans for a pilot central bank digital currency and closer work on stablecoins. The intent is to bring trading and payments under clearer oversight while attracting compliant investment.

What Comes Next

Binance and HTX must still meet full licensing conditions before they can offer trading to the public.

The NOCs are an opening move. Full permissions will depend on how well each firm satisfies the regulator’s detailed checks and how the proposed Virtual Assets Act is implemented.

Markets may react to progress on tokenization and any future licensing milestones, but for now the country has signaled a clear shift from informal activity to regulated market access.

Featured image from Unsplash, chart from TradingView

On-chain data shows the Unrealized Loss in the crypto market recently ballooned to $350 billion, with Bitcoin accounting for a significant part of it.

Unrealized Loss Has Spiked In The Crypto Sector After Bearish Price Action

In a new post on X, on-chain analytics firm Glassnode has shared the data related to the Unrealized Loss in the crypto sector. This indicator measures, as its name suggests, the total amount of loss that investors are holding on their tokens right now.

The metric works by going through the transaction history of each token on a given network to find what price it was last moved at. If this last selling price of a token was less than the current spot price of the asset, then that particular coin is assumed to be underwater.

The exact amount of the loss involved with the token is equal to the difference between the two prices. The Unrealized Loss sums up this value for all coins being held at a loss.

Like the Unrealized Loss, there also exists the Unrealized Profit, keeping track of the supply of the opposite type. That is, it accounts for the coins with a cost basis lower than the latest spot price.

Now, here is a chart that shows the trend in the Unrealized Loss for the combined crypto market and Bitcoin over the last few years:

As displayed in the above graph, the Unrealized Loss across the crypto market has surged following the downturn that the sector has gone through since October.

At its peak, the indicator hit a value of $350 billion for the entire market, with Bitcoin alone contributing about $85 billion. These are both elevated levels and showcase the degree of pain among the investors.

Glassnode explained:

With multiple on-chain indicators signalling shrinking liquidity across the board, the market is likely entering a high-volatility regime in the weeks ahead.

In some other news, Bitcoin and Ethereum have shown strong divergence in the Exchange Netflow trend this week, as institutional DeFi solutions provider Sentora has pointed out in an X post.

As is visible above, the Bitcoin Exchange Netflow registered a significant value of -$1.34 billion over the past week. The value being negative implies centralized exchanges faced net withdrawals.

In contrast, the same indicator has witnessed a sharp positive value of $1.03 billion for Ethereum instead. Usually, investors deposit to exchanges when they want to participate in one of the services that they provide, which can include selling. As such, large exchange net inflows can be bearish for the asset’s price.

BTC Price

Bitcoin has again failed to maintain its recovery above $92,000 as its price is back to $90,000.

Bitcoin has failed to reclaim higher prices, reinforcing the growing belief that the market may be entering a deeper bearish phase. After multiple attempts to push above key resistance levels, BTC continues to trade sideways with declining momentum, reflecting a clear shift in investor sentiment. Fear is rising across the market, and price action has yet to show any convincing signs of recovery.

According to new data shared by Axel Adler, several structural on-chain and market indicators now support a continuation of bearish conditions in the months ahead. Adler’s analysis points to weakening demand, persistent sell pressure, and deteriorating liquidity—factors that historically precede prolonged corrective periods.

While Bitcoin has held above critical support zones, its inability to establish higher highs or sustain rebounds suggests that buyers remain cautious and largely defensive.

Moreover, broader market conditions show similar fragility, with derivatives positioning, stablecoin flows, and long-term holder behavior all signaling reduced conviction. This confluence of factors strengthens the bearish thesis and implies that volatility could intensify before the market finds a meaningful bottom.

Bitcoin MVRV Spread Signals a Deep Bear Phase

Adler’s analysis highlights one of the clearest structural indicators pointing toward sustained bearish conditions: the Bitcoin MVRV Z-Score Bull vs. Bear Market model. Specifically, he notes that the 30-day to 365-day MVRV spread is deeply negative and continues to deteriorate.

This spread measures the difference in profitability between short-term and long-term holders, and when the short-term cohort is underperforming significantly, it traditionally signals risk aversion, exhaustion, and weakening demand.

A crossover—when the 30-day MVRV rises above the 365-day metric—has historically marked the transition from bear markets into new bullish phases. However, Adler stresses that such a crossover does not appear imminent under current conditions. The spread remains far below the threshold required for a structural reversal, reinforcing the view that Bitcoin is still entrenched in a deep bear phase within this model’s framework.

Cycle analogs further support this interpretation. Reviewing past market cycles, Adler estimates that the next likely window for a meaningful crossover sits in the second half of 2026. This implies that even if short-term rallies occur, they are more likely to be counter-trend bounces rather than the early stages of a sustainable bull market. Until the MVRV structure improves, broader sentiment may remain decisively bearish.

Price Struggles to Recover Momentum

Bitcoin continues to move sideways, reflecting a market that remains indecisive and structurally weak. The chart shows BTC trading near $92,000 after its sharp decline from the $120,000 region, with recent candles forming a tight consolidation range. This behavior typically signals a temporary stabilization phase rather than a confirmed reversal, especially given the broader bearish context highlighted by on-chain and macro indicators.

The 50-day moving average sits well above the current price, acting as dynamic resistance and indicating that short-term momentum remains firmly bearish. Likewise, the 100-day and 200-day moving averages trend downward, creating a compression zone that BTC has yet to challenge. Until Bitcoin can reclaim these levels with conviction, rallies may continue to be faded by sellers.

Despite the small rebound from sub-$90,000 levels, buying activity remains muted compared to the heavy sell volume that drove the initial breakdown. This suggests that demand is insufficient to absorb higher-timeframe selling pressure.

Structurally, Bitcoin is forming lower highs and lower lows across the daily timeframe, reinforcing a downtrend. A decisive break below $90,000 would expose deeper liquidity zones near $86,000–$84,000. Conversely, reclaiming $96,000 would be the first sign of strength—but current price action shows no such momentum yet.

Featured image from ChatGPT, chart from TradingView.com

XRP is being positioned as something more than a trading asset as analysts point to signs suggesting it may be shaped for financial infrastructure over time.

A report from Digital Asset Solutions (DAS) highlights three main points behind this shift, tying the altcoin’s technical setup to Ripple’s work on stablecoins and regulated payment rails.

Structural Edge For XRP

Reports have disclosed that XRP offers several qualities that matter to companies moving money across borders. It settles fast, costs little to send, and works as a neutral bridge asset between different currencies.

Ripple’s ledger is described as reliable and globally distributed, which is why some enterprises are testing it for predictable transfers. However, many firms still use RippleNet without using the crypto directly, so broad bank-level usage has not taken hold.

DAS Research just laid out the clearest confirmation yet of where XRP is heading

Their analysis shows XRP and Ripple are no longer competing in crypto. They are evolving into global payment infrastructure, the kind used by banks, fintechs, and cross border networks that… pic.twitter.com/ZwqUD68Qur

— Stern Drew (@SternDrewCrypto) December 9, 2025

The research frames these features as the first major factor behind the digital asset’s potential role in global payment flows. The traits are real, but adoption varies and has not yet reached large commercial scale.

Stablecoins And XRP Working Together

Ripple plans to use RLUSD as a fiat-backed anchor while relying on the crypto to provide liquidity between different corridors.

The concept is simple: Stablecoins maintain price stability tied to fiat, while XRP acts as the connector for moving value across currencies. This pairing is presented as the second major point in DAS Research’s findings.

Ripple Prime, ZK-enabled identity tools, and licensing efforts are being built to meet compliance requirements from regulated institutions.

Early RLUSD corridors have started to appear, but the level of real-world transaction volume remains small compared to the broader payments industry.

Catalysts Forming In The Background

The final point focuses on developments that analysts believe could help XRP move closer to regulated financial rails.

RippleNet partnerships are growing, institutional custody services are improving, RLUSD integrations are underway, and conversations around possible ETF structures have emerged.

Each of these adds some weight to the idea that XRP may gain a deeper role in payment systems in the future. Some of these steps are active today, while others remain early discussions. Custody upgrades, for example, are happening across the crypto sector, not only for the altcoin.

While procedural steps like exchange listings and filings have progressed for multiple XRP ETF proposals, the US Securities and Exchange Commission has not yet given formal approval to a spot XRP ETF. Even so, these developments show how Ripple is preparing for broader institutional use.

Featured image from Unsplash, chart from TradingView

Bitcoin enters the week trapped in a tight consolidation range, reflecting a market caught between caution and expectation. Price action has stalled as traders wait for clearer direction after the recent Federal Reserve decision and ongoing macro uncertainty.

Yet beneath the surface, whale activity tells a very different story. According to Lookonchain, one of the most notable market participants—the famous BitcoinOG, known for accurately shorting the market during the sharp October 10 crash—is now aggressively expanding his long exposure across multiple assets.

His current positioning is substantial: 150,466 ETH valued at approximately $491 million, 1,000 BTC worth $92.6 million, and 212,907 SOL totaling $27.8 million. Rather than scaling out or reducing risk during this period of market hesitation, he continues to build, signaling strong conviction in a broader recovery across major cryptocurrencies.

While retail traders and smaller speculators wait for confirmation, this whale is positioning early, anticipating a potential shift in momentum. His actions add a new layer of intrigue to Bitcoin’s consolidation, raising the question of whether smart money is preparing for a trend reversal while the rest of the market hesitates.

Whale Positioning and Strategic Bids Ahead

Lookonchain reports, citing Hypurrscan data, that this whale isn’t just holding an already massive multi-asset long position—he is strategically preparing to increase exposure even further. According to the data, he has placed limit orders to add an additional 40,000 ETH in the $3,030–$3,258 price range and 50,000 SOL at $138.6. These levels are positioned just below current market prices, suggesting he expects—or is at least prepared for—a deeper pullback before the next major move.

This behavior is notable because it reflects a deliberate accumulation strategy rather than impulsive buying. By setting large bids at key support zones, he aims to capture liquidity during periods of volatility, effectively using market weakness to scale into long-term positions. Such an approach is typical of sophisticated traders who rely on structured entries rather than reacting to short-term fluctuations.

The scale of these pending orders also indicates that his conviction extends beyond his already massive exposure. If filled, these additions would significantly increase his leverage in the broader crypto market, particularly in Ethereum and Solana. For observers, this raises an important question: is this smart money positioning ahead of a potential macro-driven rebound, or is it a high-risk bet into an uncertain environment?

Bitcoin Price Analysis: Testing Support, Lacking Momentum

Bitcoin’s latest price action on the 3-day timeframe shows a market stuck between recovery attempts and lingering downside pressure. After the sharp November sell-off, BTC stabilized above the $90,000 zone, which is now acting as a short-term support area. Price briefly dipped below this level but was quickly bought back, suggesting that buyers are still defending the region. However, the rebound remains shallow, and the structure lacks the strong momentum typically seen during bullish reversals.

The chart shows BTC trading below the 50-day and 100-day moving averages, both of which have now turned downward. This alignment reflects a shift toward medium-term bearish conditions. The 200-day moving average currently sits below the price and has become the most important dynamic support; BTC is hovering directly above it. Historically, when Bitcoin holds the 200-day MA after a major correction, a consolidation phase often follows before a decisive move.

Volume also reinforces the uncertainty. Despite multiple attempts to push higher, buying volume remains muted compared to previous rallies, indicating limited conviction from bulls. Until BTC breaks convincingly above the 50-day MA region near $100K, the market will likely remain in a cautious, range-bound state.

Featured image from ChatGPT, chart from TradingView.com

SEC Chair Paul Atkins is leaning into a message that would’ve sounded borderline heretical in Washington not that long ago: the rails are changing, and crypto-native infrastructure is going to be part of it.

“As I told @MariaBartiromo last week, US financial markets are poised to move on-chain,” Atkins wrote on X late Thursday, adding that the SEC is “prioritizing innovation and embracing new technologies to enable this on-chain future, while continuing to protect investors.”

Crypto Will Put The Future Of Finance On-Chain

Atkins didn’t leave it at vibes. Earlier in the day, Atkins pointed to a staff no-action letter out of the SEC’s Division of Trading and Markets tied to the Depository Trust Company’s (DTC) voluntary tokenization effort — a pilot that effectively gives the plumbing of US securities settlement a carve-out to experiment without immediately tripping over parts of the Exchange Act rulebook.

“Today, the Division of Trading and Markets issued a no-action letter to the Depository Trust Company (DTC) regarding DTC’s voluntary securities tokenization pilot program. DTC’s initiative marks an important step towards on-chain capital markets,” Atkins shared via X.

The letter dated Dec. 11 describes a “pilot version” of what it calls DTCC Tokenization Services — a preliminary, time-limited program that lets DTC participants elect to have certain security entitlements recorded using distributed ledger tech instead of relying solely on DTC’s centralized ledger.

In plain English: eligible participants can tokenize positions, hold them in registered wallets on approved blockchains, and transfer those tokenized entitlements directly to another participant’s registered wallet — with DTC’s official records still serving as the system of record for what’s real.

Atkins added: “On-chain markets will bring greater predictability, transparency, and efficiency for investors. DTC’s participants will now be allowed to transfer tokenized securities directly to the registered wallets of other participants, which will be tracked by DTC’s official records.I’m excited to see the benefits of this program to our financial markets and will continue to encourage market participants to innovate as we move towards on-chain settlement.”

Notably, the no-action relief itself is narrowly scoped: it’s centered on how the pilot interacts with Reg SCI, Section 19(b)/Rule 19b-4, and certain clearing-agency standards — and it’s structured to sunset three years after launch of the preliminary version, with DTC required to notify staff when that launch happens. So this isn’t “tokenized stocks for everyone next week.” It’s closer to a supervised sandbox with reporting hooks.

Notably, Atkins is already pitching what comes next. “But this is just the beginning,” he wrote, saying he wants the SEC to consider an “innovation exemption” that would let market participants begin transitioning on-chain “without being burdened by cumbersome regulatory requirements.”

That line is doing a lot of work, and it’s also where the fight (or at least the lobbying) is likely to concentrate. What qualifies as “innovation”? Who gets exempted, and from which obligations? And what’s the gating factor — investor protection, market integrity, operational resilience, or just politics?

Crypto watchers noticed the tone shift immediately. CryptoQuant CEO Ki Young Ju summed it up in one sentence: “SEC Chairman: The future of finance is on-chain.”

For now, the tangible takeaway is the DTC pilot: a regulated core market utility experimenting with tokenized representations under staff comfort. The rest — the “on-chain future” language, and the exemption talk — is the part that could either become a framework or just another ambitious headline that runs into the realities of US market structure.

At press time, the total crypto market cap stood at $3.1 trillion.

Cardano is about to end the week with a complex mix of technical pressure, token fallout, and shifting sentiment, as ADA struggles to break beyond its familiar resistance zone.

The market is attempting to digest a sharp correction triggered by wider macro moves, while internal ecosystem developments offer little support. For now, ADA’s direction continues to depend on how well it can hold established support, particularly as market mood turns more cautious.

NIGHT Token Crash Adds Pressure to ADA’s Decline

ADA’s 2% drop to around $0.42 arrived just as the broader market reacted to the recent Federal Reserve rate cut. The decline pushed Cardano below the $0.45 level, a zone it has struggled to reclaim, placing renewed focus on its next support levels.

A major driver of the negative sentiment was the steep decline of Midnight Network’s NIGHT token, which fell roughly 90% from an early surge to $1.50 before settling near $0.05. The sell-off was largely driven by airdrop recipients offloading their allocations immediately after launch.

Despite earlier expectations around Midnight’s debut, the rapid reversal highlighted the speculative nature of the event. Market data also shows that 54% of active positions are leaning short, signaling that traders expect further downside.

Key Support Levels Hold, but Momentum Remains Weak

Cardano’s ADA is now trading near the lower edge of its established range, testing support between $0.42 and $0.43.

Analysts note that this area aligns with a broader weekly support cluster that stretches toward the $0.38–$0.39 region. Technical readings reinforce a cautious outlook, the MACD continues to trend bearish, while the RSI sits near 40, approaching oversold territory.

Traders are watching to see if ADA can stabilize above $0.42. A breakdown could expose the next lower supports, while a reclaim of the $0.45 zone would be required to shift momentum toward $0.48–$0.50.

Despite a recent $750 million inflow to Binance, the market absorbed the volume with limited price reaction, suggesting demand remains modest.

Sentiment Softens as Cardano Repeatedly Fails at $0.45

Social sentiment across major crypto forums has turned noticeably cautious. Conversations remain active, but the tone reflects trader fatigue as ADA continues to struggle against the same resistance.

With no new updates from core Cardano development efforts, including Hydra scaling, Mithril upgrades, or governance milestones, market participants have shifted their focus to external forces, such as BTC’s price direction and overall risk appetite.

ADA trades around $0.41–$0.42 at the time of writing, holding its range but without clear signs of a breakout. Until a fresh catalyst emerges, Cardano is likely to remain in a consolidation phase, with sentiment triggered more by broader market trends than internal progress.

Cover image from ChatGPT, ADAUSD chart from Tradingview

The Commodity Futures Trading Commission announced on Dec. 11, 2025 that it has withdrawn its 2020 interpretive guidance on when a crypto trade counts as “actual delivery,” a move the agency said responds to major changes in crypto markets and trading practices.

According to the CFTC press release, Acting Chairman Caroline D. Pham called the guidance “outdated and overly complex” and said removing it will help promote access to safer US markets.

Actual Delivery And The 28-Day Test

According to the 2020 rulebook and federal filings, the CFTC’s earlier guidance treated a retail crypto trade as excluded from futures-style rules if the asset reached the buyer’s control within 28 days of the transaction — a technical standard used to decide whether a deal was a spot sale or a regulated futures-style transaction.

That guidance included examples showing when transfer on a public ledger or control over a wallet would or would not count as actual delivery. The 28-day reference is rooted in the Commodity Exchange Act’s existing exceptions and was central to how many platforms structured retail offerings.

More news from the CFTC! It previously published guidance the interpretation of “actual delivery” in the context of retail commodity transactions in crypto. This is imp because if a trans qualifies as AD, it is NOT regulated as a futures contract. /1 https://t.co/L2U46VRbQl

— Katherine Kirkpatrick Bos (@kkirkbos) December 11, 2025

Industry Reaction And Risk

Reports have disclosed that many market participants greeted the withdrawal with relief, saying it gives exchanges more room to design products and operate without a narrow staff interpretation dictating settlement timing.

Some lawyers and platform staff argued the 2020 tests made it hard for venues to offer certain customer-facing services unless they met strict delivery steps.

At the same time, legal observers warned that pulling the guidance without a clear replacement leaves open questions about how regulators will treat similar trades going forward, and which platforms must register as futures venues.

How The Move Fits In Politically

Based on reports, the action was framed as part of policy priorities under US President Donald Trump’s administration to modernize rules that affect digital asset markets.

The CFTC said the change lines up with broader interagency efforts and public engagement initiatives the agency has been running this year. That framing has prompted renewed attention from exchanges, trading firms, and lawmakers who are watching for any follow-up steps.

The CFTC signaled it may seek public input and consider new materials to replace the withdrawn guidance, including FAQs or fresh interpretive notes.

Market operators will now weigh operational changes and legal advice as they decide whether to alter product design or customer terms.

Some firms are expected to adjust custody and transfer procedures, while others may wait for clearer written standards before making big changes.

Featured image from Quality Company Formations, chart from TradingView

Crypto expert Crypto Sensei has drawn attention to rumors that Amazon struck a 5 billion XRP deal with Ripple. The expert explained what the deal is really about and what Ripple’s end goal is using the altcoin. 

Expert Clarifies Rumors Of Amazon’s 5 Million XRP Deal With Ripple

In an X post, Crypto Sensei addressed whether rumors that Amazon struck a 5 million XRP deal with Ripple were true. The rumors surfaced as Kendra Hill claimed that Ripple’s endgame is to run the entire derivatives market using the altcoin and that the cross-border transactions are simply a test.  

Related Reading: XRP Rising Against All Odds: Ripple CEO Celebrates These Achievements

However, Crypto Sensei noted that there is no public evidence of Ripple’s 5 million XRP deal with Amazon and that there has been no public announcement from the crypto firm. As such, the expert remarked that this rumored deal remains pure community speculation.  

Meanwhile, he explained that Hill’s core claim was that cross-border payments are just a testing ground and that Ripple ultimately intends to use XRP to process 100% of the transactions on the global derivatives market. Notably, the global derivatives market is said to be a trillion-dollar industry, meaning this move could boost adoption significantly. 

Meanwhile, as to how a rumored Amazon relates to this, Crypto Sensei explained that a screenshot of an old Amazon partnership had resurfaced. Furthermore, Hill had allegedly claimed that another partnership between the two firms has yet to be revealed. Amazon’s AWS had, in 2020, revealed that it was integrating Ripple’s payment system for its rewards program. 

Crypto Sensei also mentioned that Ripple’s CTO, David Schwartz, has stated that there is no evidence that Amazon owns this amount of XRP. There is also no evidence on the XRP Ledger that the company holds this amount in escrow.

Major Adoption News For The Token

In an X post, Hex Trust announced a partnership with LayerZero to launch wrapped XRP (wXRP) across multiple networks, starting with the Solana network. This is expected to boost the altcoin’s adoption as it gains new holders and new liquidity flows into it. Hex Trust noted that the wXRP is designed for DeFi use across these networks. 

Related Reading: Ripple Secures 4 Groundbreaking Wins That Mark An Exciting Phase For XRP

The firm has launched this Wrapped XRP with over $100 million in Total Value Locked (TVL). Hex Trust also explained that the wrapped token’s utility is that it makes it easy to trade XRP alongside Ripple’s RLUSD stablecoin as a trading pair on supported chains. As such, the firm believes this move could expand liquidity and utility between XRP and RLUSD. Notably, there are also plans to launch this wrapped token on Ethereum soon. 

At the time of writing, the XRP price is trading at around $2.03, up in the last 24 hours, according to data from CoinMarketCap.

Shiba Inu’s Layer-2 network, Shibarium, is facing a serious challenge after a prominent decentralized finance platform within its ecosystem publicly warned that it may abandon the chain entirely. K9 Finance DAO, a liquid staking protocol built on Shibarium, announced it has set a firm deadline to resolve outstanding issues linked to September’s bridge exploit.

The announcement, which was shared on the social media platform X, points to a breakdown in communication between ecosystem builders and the Shibarium development team. According to K9 Finance, private discussions that had been ongoing for months following the hack have now stalled, and this is why the DAO is addressing the matter publicly.

K9 Finance Brings Dispute Into the Open

In its statement, K9 Finance DAO said it had complied with every request made by the Shibarium team in the aftermath of the bridge exploit and had acted in good faith throughout the process. The DAO noted that it maintained several private communication channels with the Shib team in an effort to reach closure and ensure affected users were compensated.

That process has now reached a standstill. K9 Finance disclosed that it has received no further communication or guidance from the Shibarium team, leading it to move the discussion into the public timeline. However, this step was taken by the K9 Finance DAO to provide clarity to its holders and uphold responsible governance, not to provoke drama or controversy.

As part of its announcement, K9 Finance set January 6, 2026 as the final deadline for users impacted by the Shibarium bridge incident to be fully and verifiably made whole. If restitution is not completed by that date, the DAO says it will convene and vote on its future relationship with Shibarium, including whether continuing to operate on the chain makes sense for the long-term health of the K9 ecosystem.

K9 Finance is a decentralized finance protocol built on Shibarium that focuses on liquid staking within the Shiba Inu ecosystem. The platform operates as a decentralized autonomous organization, with governance decisions made by token holders through the K9 Finance DAO. 

K9 Finance is one of the most visible DeFi platforms on the Shibarium chain, and its stance could influence sentiment among other builders.

The Main Issue: September’s Bridge Hack

The dispute traces back to the Shibarium bridge exploit in September 2025, when attackers used a flash-loan-based strategy to drain assets from the bridge. The incident forced emergency pauses across parts of the network and security updates by the Shiba Inu team.

During that incident, roughly $4.1 million in assets, including ETH, SHIB, and other tokens, were taken, and around $717,000 worth of KNINE tokens were affected. However, the stolen KNINE tokens could not be sold from the attacker’s wallet because they were frozen by K9 Finance. 

Although the Shibarium team later restored network functionality and introduced additional security measures, the recent announcement shows that compensation discussions have continued behind the scenes without a final resolution.

As the market volatility heats up again, the price of Bitcoin witnessed a pullback, bringing it closer to the $90,000 threshold. While BTC’s price faces a pullback, key on-chain metrics are beginning to follow suit, reaching levels that could shape or determine the next trajectory of the market.

A Crucial Breakdown In Bitcoin Realized Loss

Given the bearish state of the market, on-chain indicators for Bitcoin are flashing a slight but crucial signal in its dynamics. BTC On-Chain Trader Realized Price and Profit/Loss Margin, one of the most important metrics, has now dropped below a crucial level as the market and BTC’s price fluctuate.

According to Ali Martinez, a seasoned crypto analyst and trader, this drop in the metric is offering a clue to the next potential path for the BTC market. Following weeks of increased capitulation-driven losses, the drop in realized losses indicates that market players are no longer selling coins at sharp discounts.

While the wave of panic selling that clouded recent market turbulence may finally be dissipating, this crucial indicator is providing traders with new grounds to reevaluate the short-term course of Bitcoin. This implies that sentiment is gradually stabilizing, pointing to an early shift from capitulation to accumulation.

In the post, Ali Martinez highlighted that the metric has fallen below the critical -37%, now located at -18%. The drop may appear increasingly negative, but it is hinting at a pivotal junction for the broader Bitcoin market.

Historically, this drop in the metric below this level has led to a rebound in investors’ confidence in the market. Martinez claims that some of the best buy-the-dip opportunities have emerged when Bitcoin on-chain traders’ realized loss falls below -37%.

BTC’s Rebound Requires Fresh Liquidity

Since the sharp pullback from its all-time high, Bitcoin has failed to bounce back strongly. Darkfost, a market and author at CryptoQuant, claims that one of the major reasons why BTC is currently struggling to recover is the absence of incoming liquidity. This is the biggest issue in the market now.

Liquidity here refers solely to stablecoins. According to Darkfost, monitoring these flows makes it easier to assess if new liquidity is poised to enter the market or if it is still lacking. Data shows that since August, stablecoin inflows into exchanges have steadily declined from 158 billion to around $76 billion. 

This sharp drop represents a 50% decrease in incoming liquidity. Additionally, the 90-day average has dropped, from $130 billion in stablecoin inflows to $118 billion. A drop in liquidity suggests that Bitcoin is battling with a decline in demand, which has not been strong enough to absorb the selling pressure impacting the market. 

Presently, the trend is still negative, and the minor rebounds observed are primarily a consequence of reduced selling pressure rather than more purchasing demand. For BTC to regain a genuine bullish trend, Darkfost stated that the key rests on new liquidity entering the market.

Ripple has announced the dates for its next flagship event, giving the XRP community and institutional partners an early look at what lies ahead. In a post shared on social media platform X, the company confirmed that Swell will return to New York City from October 27 to October 29, 2026.

The update comes after a high-profile Swell 2025 conference in New York that placed Ripple at the center of discussions around institutional adoption, stablecoins, and blockchain infrastructure of the XRP ecosystem.

Ripple Confirms Swell 2026 Dates

Ripple’s announcement confirmed that Swell will once again be hosted in New York City, this time spanning three days from October 27 to October 29, 2026. The company encouraged its community to mark their calendars early; more information will follow in the new year.

The announcement carries added significance, as Ripple also revealed a major change to the structure of its annual events, setting the stage for what it describes as a larger and more unified gathering. Apart from the dates and location, Ripple noted that the 2026 edition is designed to be larger in scope. “Builders, financial leaders, and industry partners will be together under one roof, creating an unforgettable experience,” the announcement noted. 

One of the most notable elements of the announcement is the decision to merge Swell and Apex into a single event. Swell events have always been focused on institutional finance, payments, and policy discussions, while Apex catered more directly to developers building on the XRP Ledger. The most recent Swell 2025 event was hosted in New York, while the Apex 2025 event was hosted in the first half of the year in Singapore. 

However, by combining the two, Ripple appears to be planning to promote a better alignment between institutional adoption and on-chain development of the XRP Ledger. This unified format is something to look forward to, as the event is expected to bridge the gap between financial institutions and technical builders, rather than treating them as separate audiences.

Looking Back At Swell 2025

The announcement also draws added weight from how Swell 2025 unfolded. The 2025 event in New York was widely viewed as one of Ripple’s most consequential conferences to date, featuring strong institutional representation and focused discussions on stablecoins, tokenized assets, and cross-border settlement.

The event took place on November 4 and November 5, 2025. Not long after the event, the first Spot XRP ETF was launched in the US.

Ripple Swell 2025 drew a high-profile mix of Ripple executives, institutional leaders, and policymakers. Ripple’s leadership was represented by CEO Brad Garlinghouse, Executive Chairman Chris Larsen, and President Monica Long, all of whom took part in key sessions. 

Notable attendees from traditional finance included Nasdaq Chair and CEO Adena Friedman and BlackRock’s Director of Digital Assets Maxwell Stein. The event also featured David Ripley, Co-CEO of Kraken; Sandy Kaul of Franklin Templeton; US Representative Ritchie Torres; and Patrick Witt from the White House’s President’s Council of Advisors for Digital Assets, to name a few.

On Friday, the Office of the Comptroller of the Currency (OCC) approved national trust charter applications from several key firms in the industry including Circle’s First National Digital Currency Bank, Ripple National Trust Bank, BitGo Bank & Trust, Fidelity Digital Assets, and Paxos Trust Company. 

OCC’s Approval Of Digital Asset Trust Banks

Once finalized and full approval is reached, these national trust bank charters would empower the crypto companies to manage and hold assets on behalf of their customers, enabling faster payment settlements. 

Currently, Anchorage Digital is the only digital asset company that holds a national trust bank charter from the OCC, which oversees a total of 60 such institutions. 

Comptroller Jonathan Gould emphasized that each application underwent a thorough and rigorous review process, underscoring the necessity for each entity to meet additional conditions before gaining full operational status. 

He explained that welcoming new entrants into the banking landscape aids in modernizing the system, diversifying offerings, and enhancing access to innovative financial products.

Ripple CEO Challenges Banking Lobbyists

Brad Garlinghouse, CEO of Ripple, commented on the approval via social media, highlighting it as a significant advancement for Ripple’s stablecoin, RLUSD. He stated that it sets a high standard for compliance under both federal and state regulation.

Garlinghouse also took a moment to address banking lobbyists who may have opposed this move, asserting that their “anti-competitive tactics” are evident.

The executive pointed out that while these lobbyists have argued that the crypto industry does not abide by the same regulations, the recent approvals demonstrate that the crypto sector is operating transparently under the supervision of the OCC. 

Stuart Alderoty, Ripple’s Chief Legal Officer, noted that the firm is among the first entities to receive conditional approval following the enactment of the GENIUS legislation, ensuring the sustainability of Ripple’s stablecoin business for the long term.

Featured image from DALL-E, chart from TradingView.com 

XRP’s price seems to be heading for the $2 mark once again, following the pullback across the broader cryptocurrency market. Even with the prices becoming increasingly bearish, this movement has not entirely affected the overall sentiment toward the altcoin, as evidenced by another day of bullish inflows into the Spot XRP Exchange-Traded Funds (ETFs).

Huge Capital Keeps Pouring Into XRP Spot ETFs

In the evolving Exchange-Traded Fund (ETF) landscape, the XRP funds are quietly building one of their biggest waves yet. Since the launch of the funds, they have demonstrated substantial growth, challenging the likes of their Bitcoin and Ethereum ETFs counterparts.

The funds are extending a remarkable run of consistent inflows that are starting to attract more market attention. A recent X post from Moon Lambo, a crypto enthusiast and YouTuber, shows that the XRP Spot ETFs have now recorded their 19 consecutive days of inflows.

What began as a means for more exposure has evolved into a distinct pattern of confidence as asset managers continue to purchase the leading altcoin through the initiative in spite of overall market volatility. Since the first spot XRP ETF was introduced, there has never been a day of outflows.

Following weeks of their inception, the cumulative inflow into the funds is currently valued at a staggering $954 million. With such a massive capital accumulated in mere weeks, reflecting relentless demand for the altcoin, the expert believes that this figure could explode in the next 5 to 10 years.

Will The ETFs Acquire The Entire Supply?

After examining the growth of the funds, SMQKE, a crypto pundit and researcher, reported that the XRP spot ETFs are aiming for the 42.87% of supply that truly matters in the market. According to the expert, the funds do not need to take all of the supply to generate a supply shock.

Currently, only 42.87% of the XRP supply is in circulation and available for purchase on the market, which is the real pool from which ETFs are pulled. Data shows that the funds now hold about 0.75% of the overall supply. 

When compared to the 42.87% that is actually liquid, this is a tiny fraction. However, each step forward draws directly from the limited circulating supply. As demand for the funds increases, the 42.87% share is being eroded.

With each incremental increase, the amount of XRP remaining on the open market gets tighter, which is where the early stages of supply pressure start to develop. When the funds move from 0.75% closer to the 42.87% supply that is in circulation, the impact becomes visible. This is because inflows remain focused on a much smaller pool, not the entire supply.

However, SMQKE noted that the ETFs do not need to control 100% of the supply before the market feels its impact. Instead, they just need to concentrate on reducing the 42.87% supply that is currently accessible.

America’s largest bank, JPMorgan, has taken a bold step into the future of finance by issuing commercial debt on the Solana blockchain. This move has caught the attention of the broader crypto and traditional markets, as it marks one of the first times a US commercial debt was brought into a public blockchain.

JPMorgan Brings Commercial Debt Papers To Solana

According to a press release published on December 11, JPMorgan has successfully arranged a US Commercial Paper (USCP) Issuance for Galaxy Digital Holdings LP, an affiliate of Galaxy Inc., on the Solana blockchain. The issuance represents one of the earliest debt offerings executed on a public blockchain in the US.

JPMorgan had served as the arranger, creating the on-chain USCP token and managing the delivery-versus-payment settlement for the issuance. Meanwhile, Galaxy Digital Partners LLC had structured the offerings, while US technology company Coinbase Global Inc. and global investment management firm Franklin Templeton had purchased the issuance. 

Scott Lucas, the Head of Markets Digital Assets at JPMorgan, emphasized that the new commercial debt transaction was a key demonstration of institutional demand for digital assets and the transformative potential of blockchain technology in the future of financial markets. He added that, as a user-focused banking institution, JPMorgan is committed to meeting the evolving demand for digital asset exposures. 

Notably, the USPC token issuance is the first commercial paper offered by Galaxy, enhancing the company’s short-term funding capabilities and providing access to a broader institutional investor base interested in blockchain-based money-market instruments. Details from the press release reveal that both the issuance and the redemption proceeds will be paid in USDC stablecoins issued by Circle, marking a first for the US commercial paper market. 

What Other Executives Have To Say

In the press release, Jason Urban, Global Head of Trading at Galaxy, stated that the issuance demonstrates how public blockchains can enhance the functioning of capital markets. He emphasized that bringing Galaxy’s first commercial paper offering on-chain and structuring one of the earliest US transactions of its kind are significant milestones. 

It underscores Galaxy’s vision of using open and programmable infrastructure to support institutional-level financial products. Urban also expressed satisfaction in collaborating with JPMorgan, Coinbase, Solana, and Franklin Templeton to integrate these innovations into daily market operations.

Sandy Kaul, Head of Innovation at Franklin Templeton, highlighted that institutions are moving from experimenting to actively transacting on the blockchain. She noted that deals like Galaxy’s on-chain issuance help build a more open, efficient, and resilient financial system while supporting broader adoption of digital infrastructures in traditional markets. 

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, described the issuance as a key step in bringing the security and efficiency of blockchains to institutional finance. Brett Tejpaul, the Co-CEO of Coinbase Institutional, stated that the transaction shows how institutional finance is embracing public blockchain technology, with Coinbase playing a foundational role as an investor, wallet provider, and custodian for the USPC token.

Идея «накопил немного $BTC и спокойно ждешь» снова звучит убедительно — но реальность конца 2025 года показывает, что одного хранения становится мало. На этой неделе $BTC сходил ниже $90 000 и вернулся в район $92 000, а рынок в целом нервно реагирует на сдвиги в аппетите к риску и макроэкономический фон.

Параллельно меняется и структура спроса. После сильного года для спотовых ETF в США поток капитала стал менее стабильным, и именно это делает отскоки более «ломкими»: когда приток не поддерживает движение, цена быстрее упирается в продавцов. На этом фоне внимание снова смещается с «куда пойдет график» на «что можно построить вокруг $BTC».

Отсюда и главный вывод для держателей биткоина: следующая волна роста экосистемы может прийти не только от цены, но и от полезности. Если $BTC станет базовым обеспечением для платежей, DeFi, NFT и игр — капитал будет искать инфраструктуру, которая снимает ограничения сети первого уровня: задержки, комиссии и отсутствие нативной программируемости.

Именно поэтому проекты уровня Layer 2 вокруг Bitcoin снова выглядят как ставка на следующий рыночный цикл: они пытаются превратить «цифровое золото» в актив, который можно использовать ежедневно. В этом контексте Bitcoin Hyper — один из самых агрессивных вариантов, потому что делает ставку на виртуальную машину Solana для исполнения смарт‑контрактов поверх биткоина и обещает минимальную задержку обработки операций.

КУПИТЬ BITCOIN HYPER

Почему капитал снова смотрит на Bitcoin-инфраструктуру

Когда волатильность усиливается, рынок обычно возвращается к «базовому активу» — и в крипте это $BTC. Но чем больше денег закрепляется в биткоине через биржи, ETF и корпоративные резервы, тем сильнее диссонанс: актив дорожает, а использовать его в реальных приложениях по‑прежнему неудобно из‑за ограничений первого уровня.

Поэтому инфраструктура — это не второстепенная тема, а попытка расширить рынок. Уже сформировалась конкуренция между подходами: Lightning закрывает микроплатежи, сайдчейны и Layer 2 пытаются дать совместимость со смарт‑контрактами, а отдельные экосистемы развивают DeFi‑витрину поверх биткоина. Как отмечали отраслевые обзоры, сегмент Bitcoin Layer 2 и сайдчейнов измеряется миллиардами долларов заблокированной стоимости.

На практике это гонка за простым обещанием: «пусть $BTC работает так же удобно, как активы в сетях со смарт‑контрактами». И здесь Bitcoin Hyper попадает в точку как один из вариантов, делающих ставку на высокую пропускную способность и низкие комиссии, а не только на идеологию «самый надежный слой расчетов».

Как Bitcoin Hyper пытается дать биткоину скорость и смарт‑контракты

Ключевая ставка Bitcoin Hyper — модульная архитектура: Bitcoin L1 остается слоем расчетов и доверия, а исполнение переносится в Layer 2 в реальном времени. Проект делает акцент на интеграции SVM, чтобы запускать смарт‑контракты с минимальной задержкой. Также он дает разработчикам привычный инструментарий, включая SDK и API на Rust.

С точки зрения пользователя это история про конкретную полезность: быстрые платежи в обернутом $BTC с низкими комиссиями, DeFi‑сценарии вроде обменов и кредитования, а также NFT и игры, где задержки и стоимость транзакции критичны. Для мостов заявлен децентрализованный «канонический» механизм перевода BTC между уровнями, чтобы не упираться в одну точку доверия на входе и выходе.

Рынок обычно голосует деньгами за ранние инфраструктурные истории, если видит сочетание техники и спроса. У Bitcoin Hyper предпродажа уже привлекла $29 373 016,54, а токен оценивается в $0,013415 — это сигнал, что аудитория заранее покупает идею «биткоину нужен слой исполнения». Дополнительно трекеры отмечали две крупные покупки на $396 000, крупнейшая — на $53 000 (19 ноября 2025 года), что показывает интерес со стороны крупных кошельков.

Если вы ищете более общий разбор того, как заработать на криптовалюте в 2025 году, стоит сравнить стратегии «держать» и сценарии, где доход строится вокруг инфраструктуры.

Solana is making a straight-for-the-liquidity play: bring XRP on-chain in a way that looks familiar to DeFi users, but legible to institutions. In a series of posts on X early Friday, Solana said XRP is “coming to Solana,” with Hex Trust and LayerZero set to bridge and issue a wrapped version of the token—wXRP—designed to be “DeFi-ready” on Solana while staying redeemable 1:1 for native XRP on the XRP Ledger.

XRP Heads To Solana As Wrapped Token

That “redeemable 1:1” line is doing a lot of work. According to Hex Trust, wXRP will be issued only when an equivalent amount of XRP is deposited into custody, and it will be burned when redeemed—classic wrapped-asset mechanics, but with a compliance wrapper aimed squarely at bigger balance sheets. The firm said it will act as issuer and custodian for the underlying XRP, describing wXRP as a 1:1-backed representation of native XRP built to support cross-chain utility and DeFi activity.

“XRP has stood the test of time and cemented itself as one of crypto’s preeminent and most liquid currencies. XRP’s long standing utility meets Solana’s high-performance execution. With significant day one liquidity, traders, holders, and institutions can use XRP within leading Solana DEXes, lending markets, and liquidity protocols, while maintaining exposure to the underlying asset and 24/7 XRPL redemption rights,” the Solana Foundation stated in a thread via X on December 12.

The other headline claim: liquidity, immediately. Hex Trust said wXRP is expected to launch with over $100 million in total value locked, framing it as “day one” depth that should help with pricing and market health once the token starts circulating across venues.

LayerZero’s role is the plumbing. Hex Trust said wXRP will be issued on LayerZero’s Omnichain Fungible Token (OFT) standard, positioning it to move across multiple networks rather than live as a one-off wrapper on a single chain. Solana is first, with Hex Trust also naming Optimism, Ethereum, and HyperEVM among initial targets, plus additional chains later.

Why now? Solana’s pitch is basically: XRP is old-school liquid, Solana is high-throughput, and the combination should unlock new use cases without forcing holders to exit the asset. The practical version of that is straightforward—wXRP becomes usable inside Solana’s DEXs, lending markets, and liquidity protocols while keeping a standing redemption path back to XRPL.

The subtle version is about who’s allowed through the door: Hex Trust says minting and redemption is designed for “authorized merchants” in a KYC/AML-compliant environment, which is the kind of sentence that tends to show up when the target user is a market maker, not a meme trader.

And yes, the messaging is trying to thread the custody needle. Solana Foundation product marketing lead Vibhu Norby described the bridge as “self-custodial from end to end” while emphasizing 1:1 redemption back to the ledger—language meant to reassure crypto-native users that this isn’t “paper XRP,” even if the underlying asset is sitting with a regulated custodian.

Via X, Norby commented on the story behind the partnership: “In November, I unexpectedly became enemy #1 of the XRP Army. Through the resulting public learning process, I had a chance to meet many OG devs, core community members, memelords, and the team at Ripple itself, and I came to an understanding of the uniqueness of XRP as an asset, and its community.”

More color is expected on Day 3 of Solana Breakpoint, where RippleX’s Luke Judges is listed on the agenda for a short “Product Keynote: Hextrust” session moderated by Norby. If this rollout goes the way Solana is implying, that slot is less ceremonial than it sounds.

At press time, XRP traded at $2.0284.

Политические бренды все активнее проникают в криптоиндустрию — и сегодня это заметнее всего в играх. На этой неделе испанское деловое издание Cinco Días описало запуск 3D-игры Trump Billionaires Club, где внутриигровая экономика завязана на мемкоин $TRUMP и механики вовлечения пользователей.

Для рынка это сигнал не столько про конкретного политика, сколько про направление: Web3-гейминг снова ищет массовую аудиторию через узнаваемые сюжеты и простые ступени прогресса. Когда продукт понятен без обучения, пользователю легче сделать первый шаг — купить токен, зайти в игру, выполнить задания, вернуться завтра.

Но у такого подхода есть слабое место: большинство игровых токеномик живут только на эмоциях и быстро выдыхаются, если у пользователя нет ясной причины оставаться в системе. Именно поэтому 2025 год выглядит как гонка за механиками, которые удерживают внимание не обещаниями, а регулярным действием и предсказуемой наградой.

На этом фоне мемкоины снова получают шанс выйти из режима «купил и забыл» в формат, где токен становится инструментом участия. И здесь новый проект PEPENODE пытается занять нишу: соединить мемную энергию с понятной игровой рутиной майнинга, не требуя железа, электричества и технических навыков.

КУПИТЬ PEPENODE

Почему игровые мемкоины возвращают внимание к простым механикам

Web3-играм в 2025 году нужно одно: конвертировать шум вокруг бренда в ежедневную привычку. Политические и медийные сюжеты дают трафик, но не гарантируют удержания — пользователи быстро уходят, если прогресс кажется случайным или слишком сложным.

Параллельно инфраструктурная сторона стала менее болезненной для розницы. По данным Cointelegraph, средние комиссии в сети Ethereum после обновления Dencun заметно снизились: в марте 2025 года средний обмен оценивался примерно в $0,39 против около $86 годом ранее.

Отсюда и тренд: проекты соревнуются не только мемами, но и «приземленными» циклами вознаграждений — от упрощенных игровых квестов до симуляций добычи. На этом фоне многим инвесторам становятся интересны и другие направления рынка, включая список лучших альткоинов на 2025 год.

PEPENODE пока выглядит как один из вариантов в этой логике, потому что делает ставку на регулярную активность и понятный интерфейс, а не на сложную экономику.

Как PEPENODE превращает «добычу» в игру без железа

Ключевая идея PEPENODE — позиционирование как «первого в мире мемкоина mine-to-earn»: вместо классической добычи с оборудованием проект предлагает виртуальную систему «майнинга». Вход строится вокруг узлов и уровней вознаграждений. Это отвечает сразу на три боли рынка: скучные модели добычи, слабые ранние стимулы и техническую сложность для новичков.

В терминах продукта это выглядит как геймифицированная панель. Вы покупаете и настраиваете «узлы-майнеры», улучшаете ноды для повышения эффективности и получаете вознаграждения, включая мемкоины вроде PEPE и Fartcoin. Важно, что сценарий «зайти — улучшить — забрать награду» проще, чем разбираться в железе и расходах.

Интерес подогревает и ранняя динамика спроса. По данным команды предпродажи, PEPENODE уже привлек $2,3 млн, а цена токена составляет $0,001192. Это уровень, на котором обычно формируется база ранних участников, если продукт действительно обещает активность после запуска.

Данные отслеживания крупных кошельков указывают на 2 покупки на общую сумму $215K; крупнейшая сделка — $51K — прошла 8 февраля 2025 года.

У этой ставки есть понятная логика: если игра найдет аудиторию после запуска, то «добыча как привычка» может оказаться сильнее разового хайпа вокруг громкого имени.