Ripple Accelerates RLUSD Mints on XRPL

U.Today

WalletConnect / USD Coin

According to the data provided by Ripple Stablecoin Tracker, Ripple has minted another 10 million RLUSD on the XRP Ledger.

According to the data provided by CoinGecko, the market cap of RLUSD currently stands at $1.26 billion.

Steady minting

On Oct. 22, the treasury executed a substantial mint of 24.5 million RLUSD. Just six days later, on Oct. 28, another 5 million RLUSD entered circulation, followed within three days by an even more notable issuance: 36 million RLUSD on Oct. 31.

November took that trajectory and pulled it sharply upward. On Nov. 3, Ripple minted a massive 50 million RLUSD, coinciding with the moment RLUSD officially crossed the $1 billion market cap threshold across Ethereum and the XRP Ledger.

The activity didn’t taper off. On Nov. 19, an additional 2 million RLUSD was minted. And most recently, on Nov. 25, the treasury produced a large 15 million RLUSD mint.

Moving up the rankings

Ripple’s RLUSD has quietly but decisively slipped into the stablecoin big league.

With a market cap of roughly $1.25 billion, it now sits in the same statistical neighborhood as long-established mid-tier dollar tokens.

The global stablecoin landscape is brutally top-heavy: USDT and USDC dominate with a combined $260 billion in capitalization.

There is also a second tier of multi-billion-dollar entrants (USDS, Ethena’s USDe, DAI, PYUSD) that are perceived as formidable competitors.

RLUSD has not yet joined that second tier, but it now anchors the very top of the third tier. At rank #84, it has overtaken dozens of legacy stablecoins that once defined the market’s mid-section, including TUSD, GUSD, and USDD.

RLUSD is now positioned as the 12th-largest USD stablecoin globally.

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Xapo Bank expands bitcoin credit fund as it develops ‘suite of BTC wealth products’

The Block

WalletConnect / USD Coin

Xapo Bank is opening its yield-bearing Bitcoin lending product to a wider audience. The Xapo BTC Credit Fund reportedly attracted $100 million in member allocations during its initial phase, the company said.

According to a statement on Wednesday, the Xapo Byzantine BTC Credit Fund first launched in 2024 through a strategic partnership with Hilbert Group, which acts as an independent investment manager for the product.

The fund deploys deposited Bitcoin through a "fully institutional credit process" with lending decisions overseen by Hilbert Capital's investment committee. This setup positions the product as a "Bitcoin-native" savings alternative that earns interest on loans to counterparties.

"The Xapo BTC Credit Fund fits nicely into our suite of BTC wealth products in delivering consistent yield, with a limited low risk appetite, for our long-term BTC holders," Tommy Doyle, global head of relationship management at Xapo Bank, said in a statement.

Earlier this year, Xapo, known primarily as a crypto custodian, began offering bitcoin-backed U.S. dollar loans of up to $1 million. Xapo was also the first bank to enable interest-bearing bitcoin and fiat accounts in the UK.

Give crypto credit?

Bitcoin's credit ecosystem is continuing to rebound following the collapse of the crypto lending ecosystem in 2022, which saw major providers like BlockFi, Celsius, and Voyager Digital go bankrupt.

Newer products like Coinbase Borrow, which enable users to borrow USDC against their bitcoins, and the continuing operation of onchain lenders like Aave and centralized Bitcoin-focused lenders like Ledn, which survived the market downturn, are reinstilling a certain amount of confidence in the sector.

It's not uncommon for major token holders to borrow against their digital assets, like MetaPlanet, which has a $500 million credit facility that it borrows against to purchase bitcoin, using bitcoin as collateral.

Founded in 2013, Xapo Bank Limited is overseen as a credit institution by the Gibraltar Financial Services Commission, while the Xapo BTC Credit Fund is incorporated as an exempted company with limited liability in the Cayman Islands and regulated as a mutual fund.

"Exposures are continuously monitored throughout the lending lifecycle to ensure they remain within the fund’s defined risk framework," Xapo said.

According to the terms and conditions of the Xapo BTC Credit Fund, the fund is restricted to eligible lenders "based on a person's specific situation," and may include minimum investment requirements and due diligence assessments.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

Risk Warnings and Disclaimers

Add to Favorites

XRP Price Forms Golden Cross, Shiba Inu Makes 1.36 Trillion SHIB Comeback, Legendary Trader Brandt Reveals ‘Dead Cat’ on Bitcoin (BTC) Chart – Crypto News Digest

U.Today

WalletConnect / USD Coin

XRP forms golden cross

XRP is now facing a bullish rebound amid growing ETF hype and shifting fundamentals.

Hourly golden cross. XRP’s short-term MA crosses long-term.

The Ripple-backed coin has confirmed a golden cross on the hourly chart. The golden cross occurred when the short-term moving average (MA) crossed over the long-term one. This is often interpreted as a buy signal for potential price increases.

In standard terms, golden crosses use 50/200-period moving averages. However, shorter variants, such as the 9/26, are common on hourly charts to catch quick reversals.

Considering the current trend, XRP is expected to experience bullishness for the next few hours and days. After completing a golden cross on Oct. 10, the XRP price rebounded to $2.99 and climbed 7.02% weekly.

Bullish sign. XPP’s next key price target is $3.

Now, analysts eye $3 as the next target if it holds above $2.20. With the development, the XRP daily trading volume increased by 53.9% to $6.3 billion. Such a move suggests increased investor interest in the Ripple-backed coin.

Moreover, the XRP Relative Strength Index (RSI) is currently at 56.06. This suggests XRP is not overbought and there is room for more upside without immediate exhaustion.

SHIB sees massive 1.36 trillion comeback

Shiba Inu is seeing an enormous comeback in terms of volume.

Volume spike. SHIB recorded 1.36 trillion volume spike during its attempt to reverse the November decline.

One of Shiba Inu's biggest signals in months was just delivered: a 1.36 trillion SHIB volume spike that hit the market just as the token was trying to reverse its sharp decline in November.

This is an aggressive flush-and-absorption event that frequently occurs close to pivots, not the kind of volume you see during random noise. And that shift is already apparent on the chart.

Possibly bullish. Volume at lows indicates accumulation.

The market abruptly turned around after SHIB was forced into the $0.0000080 zone by a brutal sell-off. With the highest buy-side volume since the October collapse, a distinct reversal candle formed, with a volume bar high enough to completely overshadow the prior trend dynamic.

Two things are typically indicated by heavy volume at a low: simultaneous accumulation by stronger hands and capitulation by weak holders. For a reversal to be valid, both are essential components.

A 1.36 trillion spike in volume is certainly a SHIB shift, which shows that buyers were prepared to intervene forcefully. This does not imply that SHIB is suddenly entering a full bull market. However, it does indicate that the downward trend may have reached its limit.

Peter Brandt flags 'dead cat' setup for Bitcoin

Legendary trader Peter Brandt hit the market with a chart showing a full "dead cat" over Bitcoin's drop to the low $80,000s.

Bearish sign. Brandt’s chart shows BTC’s drop from $120K to low $80Ks as a full five-wave correction.

With a new week opening, veteran commodity trader Peter Brandt gave Bitcoin a hard look, sharing a chart with a hand-drawn "dead cat" figure. The setup sees Bitcoin's two-week drop from above $120,000 to the low $80,000s as a full five-wave correction, with nothing more than a basic rebound on the other side.

Key price range. BTC is consolidating at $88K–$92K.

The chart shows the same zone that traders have been stuck in for days: around $88,000 to $92,000. According to Brandt, this range is the only one that matters right now. The way it is set up looks more like a reaction to the situation than a proactive approach.

Market data backs this up. Last week, liquidity became thin on the major markets. The bid-ask spread widened. Order books lost depth. Bitcoin ETF flows have been all over the place lately. BlackRock's IBIT had a bunch of net-outflow sessions, and smaller products had some mixed results. The inflow pattern observed earlier in the quarter has disappeared.

Risk Warnings and Disclaimers

Add to Favorites

S&P downgrades USDT’s dollar peg rating to lowest score

Cointelegraph

WalletConnect / USD Coin

S&P Global Ratings has downgraded Tether’s USDt to the lowest score on its stablecoin stability scale, questioning the token’s ability to maintain its dollar peg.

The “weak” assessment was due to several factors, including Tether backing USDt (USDT) with “higher-risk” assets such as Bitcoin , gold, loans, and corporate bonds that are subject to higher volatility, according to S&P Global. The report read:

“Bitcoin represents 5.6% of USDT in circulation, exceeding the 3.9% overcollateralization margin associated with a collateralization ratio of 103.9%. A decline in the price of bitcoin or the value of other higher-risk assets could therefore reduce collateral coverage.”

Tether is headquartered in El Salvador and is regulated according to the National Commission of Digital Assets (CNAD), which has looser requirements for reserve assets backing stablecoins, S&P said.

A lack of sufficient audits or proof-of-reserve reports was also cited as a core driver of the weak stability rating. Despite the weak rating, S&P said 75% of USDt’s backing comes from US Treasurys and other short-term financial instruments that are “low risk.”

In a statement to Cointelegraph, Tether classified the report as misleading, saying that it “strongly disagrees with the characterization presented in the report,” adding that it “fails to capture the nature, scale, and macroeconomic importance of digitally native money and overlooks data that clearly demonstrate USDT’s resilience, transparency, and global utility.”

Tether CEO Paolo Ardoino also pushed back against the new rating and the utility of financial ratings agencies in general.

“The classical rating models built for legacy financial institutions historically led private and institutional investors to invest their wealth into companies that, despite being attributed investment grade ratings, collapsed,” Ardoino said.

The report came amid a landmark year for stablecoins, following the passage of regulations in the US, the administration of US President Donald Trump prioritizing stablecoins as a way to maintain US dollar hegemony, and the stablecoin market cap topping $300 billion.

Related: Tether to accelerate push into commodity lending with cash, USDt credit

Tether is acting more like a central bank and accumulating significant gold reserves

Tether is the 17th largest holder of US Treasurys in the world, with over $112 billion in short-term US government securities, surpassing most countries, including South Korea, Saudi Arabia, and Germany, according to Ardoino.

The company also accumulated 116 tons of gold held in reserve, rivaling the reserves of nation-states and central banks.

Tether’s accumulation of gold, US government securities, and its ability to mint and redeem digital dollars have led some analysts to claim that Tether is now operating like a central bank.

Magazine: Unstablecoins: Depegging, bank runs, and other risks loom

Risk Warnings and Disclaimers

Add to Favorites

Post-XRP ETF launch, Franklin Templeton sees diversified crypto portfolios as the next big thing

The Block

WalletConnect / USD Coin

As rewarding as launching an XRP exchange-traded fund has been, Franklin Templeton's Head of Digital Assets Roger Bayston is already looking ahead to offering clients packaged investments that contain an entire portfolio of cryptocurrencies.

"Single asset ETFs, super interesting, there's a lot of community enthusiasm around the single asset ETFs," Bayston told The Block, adding that a year from now, diversification could be what garners major interest. "There's going to be a bunch of ETF availability and diversified portfolios."

On the first day of trading, Grayscale and Franklin Templeton’s new spot XRP ETFs each attracted over $60 million in inflows. Since the success of Bitcoin- and Ethereum-based ETFs, financial institutions have been eager to launch altcoin-based funds that track popular tokens like XRP, Solana, and Dogecoin.

Bayston seemed enthusiastic about the next phase Franklin Templeton can offer its wide array of clients, which includes investment advisors and wealth managers: ETFs that track "a diversified basket" of cryptocurrencies, as opposed to only a single token. The executive pointed to Franklin Templeton's EZPZ fund, which holds both bitcoin and ether, as an example of a diversified ETF.

"Our strategy has been not is not just in the single asset ETFs but in diversified exposure," Bayston added.

This week, Bloomberg Senior ETF analyst Eric Balchunas predicted over 100 new crypto ETFs will launch in the next six months. As of last month, there were over 150 cryptocurrency-based exchange-traded product filings tracking 35 different digital assets.

Issuers flooded the zone with proposals for 2x and 3x leveraged ETFs, among others, in addition to funds with staking components. The massive flow of proposals came in the wake of the U.S. Securities and Exchange Commission approving new listing standards. Even T. Rowe Price, the legacy asset management company with nearly $1.8 trillion in assets under management, filed to launch its first crypto exchange-traded fund.

"Highly bullish on index-based & actively managed crypto ETFs," NovaDius Wealth Management President Nate Geraci said last month on X. "No way tradfi investors ready to navigate all of these single tokens. They’re going to take a diversified, shotgun approach to an emerging asset class. Seems obvious."

Franklin Templeton's spot Bitcoin and Ethereum ETFs manage $501 million and $65 million, respectively. The firm has a total of $1.7 trillion in assets under management.

Risk Warnings and Disclaimers

Add to Favorites

Cardano’s Recovery Stalls, but TVL Growth Signals Could Spark Year-End Upside

NewsBTC

WalletConnect / USD Coin

Cardano (ADA) is once again dealing with an unstable market stretch as its price hovers near one-year lows, but renewed optimism is building ahead of December’s long-awaited Midnight launch.

Despite persistent criticism over declining network usage and shrinking DeFi liquidity, fresh technical signals and upcoming ecosystem catalysts suggest the blockchain may be preparing for a recovery phase into year-end.

ADA Slumps as Liquidity and Sentiment Weaken

Cardano (ADA) trades around $0.41, marking a steep 70% decline from its December 2024 peak of around $1.2 and placing the token among the weakest performers in the latest market pullback.

Total value locked has plunged 36% in 30 days to $186 million, while stablecoin liquidity sits below $40 million, far behind competitors such as Monad, which neared $100 million in TVL shortly after launch.

The “ghost chain” narrative resurfaced again this week after network glitches prompted jokes about Cardano’s low activity. Even Nansen’s CEO predicted ADA could fall out of the top 20 as rivals gain traction in real-world assets, gaming, and high-volume DeFi.

Still, founder Charles Hoskinson insists the gloomy sentiment does not reflect what’s coming. In a recent update, he emphasized that Midnight, Cardano’s privacy-focused sidechain launching in December, is backed by major developer partnerships expected to reignite the ecosystem.

Technical Structure Points to a Potential Relief Rally

Despite bearish pressure, ADA’s chart shows signs of stabilizing. The token is forming a falling-wedge pattern, historically a bullish reversal indicator. The RSI sits at 30, signaling oversold conditions, while derivatives funding has turned positive, suggesting traders are positioning for upside.

Key resistance levels lie at $0.49 and $0.5097, with a breakout potentially driving price toward $0.50–$0.61. Analysts warn, however, that failure to hold the $0.39–$0.40 support range could expose ADA to deeper downside toward $0.277, the August 2023 low.Midnight Launch Becomes Cardano’s Make-or-Break Catalyst

With DeFi activity shrinking and market confidence fragile, the December rollout of Midnight is emerging as the pivotal moment for Cardano’s 2025 outlook. Success could trigger a meaningful rebound in TVL and development activity, metrics traders increasingly rely on as proof of real adoption.

For now, ADA remains in consolidation mode, but the convergence of oversold technicals, whale accumulation, and ecosystem upgrades sets the stage for a possible year-end upside, if Cardano can finally convert anticipation into measurable on-chain growth.

Cover image from ChatGPT, ADAUSD chart from Tradingview

Risk Warnings and Disclaimers

Add to Favorites

Michael Saylor's Strategy Names One Thing Better Than Bitcoin: Details

U.Today

WalletConnect / USD Coin

In a recent tweet, Michael Saylor-led Bitcoin treasury company Strategy said it had discovered something better than Bitcoin: more Bitcoin. Strategy wrote in a tweet: "We discovered something better than bitcoin… More bitcoin."

Crypto has been under pressure for more than a month, when a shock liquidation event in October wiped out billions of dollars in leveraged positions and led to a downturn in prices.

Strategy
@Strategy
We discovered something better than bitcoin…
More bitcoin.
Nov 26, 2025

Bitcoin is on track for its worst monthly performance since 2022. Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022, according to Bloomberg.

Investors in Bitcoin exchange traded funds recently found themselves sitting on collective losses after Bitcoin fell below $89,600.The slew of digital-asset treasury companies inspired by Michael Saylor’s Strategy have also seen outflows.

More Bitcoin?

Reversals of fortune are nothing new for Bitcoin diehards, seeing euphoric rallies and then brutal sell-offs, which happen every few years, or whenever sentiment shifts. At press time, Bitcoin was trading at $87,087, having reached a low of $80,524 on Nov. 21.

The recent Bitcoin sell-off pushed firms like Strategy closer to the value of their Bitcoin reserves.

Amid the seeming concerns, Strategy assures readers that it remains well fortified to cushion the impact of Bitcoin's price drop, saying it has 5.9x assets to convertible debt if Bitcoin ever reaches its cost basis.

"If BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x," Strategy said in a recent tweet.

Strategy revealed that it bought more Bitcoin during the 2022" crypto winter," when Bitcoin fell nearly 50% below its cost basis. "In the depths of the 2022 crypto winter, our average cost basis was $30K while $BTC traded nearly 50% below it at $16K. What did we do? We bought more," it said.

Risk Warnings and Disclaimers

Add to Favorites