Superfortune (GUA) - Binance Alpha Listing - 27 Nov 2025

Luxxcoin (LUX) will be listed on AscendEX, allowing trading with USDT. This makes LUX easier to buy for many users. New listings on exchanges can bring higher demand, especially if the platform has many traders. Prices can become more active, with possible fast moves up if there is interest. However, if few people know the project, the effect can be small. Traders will watch if trading volume increases after the listing. It is wise to follow price and volume changes. For official details, visit: source.

Financial institutions are shifting away from Ethereum and opting for purpose-built blockchains tailored to meet their institutional needs.

Recent developments, such as Klarna’s launch of its stablecoin on an alternative network and the rise of privacy-focused chains like Canton, raise questions about the network’s dominance.

Corporate Blockchain Adoption Signals New Threat to Ethereum: Here’s Why

On November 25, Klarna announced KlarnaUSD, becoming the first bank to issue a stablecoin on Tempo, a payments blockchain from Stripe and Paradigm. This decision has sparked debate in the crypto community. Some view it as a bearish signal for Ethereum.

Ethereum hosts major stablecoins, including Tether and USDC , which together command over $100 billion in market capitalization. They drive significant network activity and fees. By opting for Tempo, Klarna bypasses Ethereum’s ecosystem, potentially diverting liquidity and innovation.

Another analyst, Zach Rynes, emphasized that Klarna’s decision demonstrates that corporate blockchains are gaining adoption, while public chains continue to be overshadowed by large fintech companies.

The rise of the Canton Network further exemplifies this. It is a Layer 1 network built with privacy controls at its core. Institutions can choose how visible or restricted their activity is, enabling setups that range from fully permissionless to completely private systems.

Despite these differences, applications on Canton can still connect and interact across the network. Goldman Sachs’ Digital Asset Platform (GS DAP) uses the Canton network natively.

Notably, Canton exhibits a significant level of capital efficiency, producing around $96 of RWA Total Value Locked (TVL) for every $1 of market capitalization. In contrast, Ethereum generates approximately $0.03 of RWA TVL for every $1 of market cap.

But why are institutions moving away from Ethereum? Privacy could be the primary driver of this exodus. Public blockchains like Ethereum make all transactions permanently visible, a core challenge for institutions.

When banks or corporations transfer large sums, this transparency poses a significant risk. Competitors can analyze patterns, front-run trades, and uncover strategic business ties.

According to COTI Network’s analysis, enterprises adopting Web3 often overlook blockchain transparency as a liability. The article notes that public blockchains expose all transactions and metadata, which can reveal sensitive data or undermine negotiation leverage. This creates regulatory concerns with laws such as GDPR and exposes trade secrets.

This disconnect explains why institutions are building private blockchains or seeking public networks with enhanced privacy. Transparency, a celebrated virtue in crypto, creates vulnerabilities when handling billion-dollar trades and confidential relationships.

This trend signals a split: public networks like Ethereum for decentralized or retail use, while institutions move to private or specialized chains with confidentiality. Whether Ethereum can win back institutional trust or specialized networks take over remains uncertain as finance undergoes a digital transformation.

Kakao Bank has reportedly shifted to active stablecoin development under founder Kim Beom-soo, while Naver is finalizing a merger with Dunamu, the operator of Upbit, South Korea’s largest crypto exchange.

These moves come as lawmakers push forward stablecoin bills that could reshape the country’s digital financial landscape.

Kakao Accelerates Stablecoin Development

According to a local media report, Kakao Bank is building blockchain infrastructure for its planned stablecoin, “Kakao Coin,” following an internal review. With its large user base across messaging, banking, and payments, Kakao aims to use its network to drive stablecoin adoption. Kim Beom-su, the founder of Kakao, is reported to lead the project. He was acquitted of market manipulation charges in his first trial in October.

The move occurs during a global increase in stablecoin usage. TRM Labs reports that stablecoins accounted for 30% of all on-chain crypto transactions in 2025, with record volumes in August 2025. While financial institutions expand digital asset integration, Kakao positions itself as a key issuer despite regulatory uncertainty.

South Korea’s National Assembly has yet to enact comprehensive stablecoin regulation. This uncertainty forces firms such as Kakao to advance their projects amid competition and unclear rules.

Naver-Dunamu Merger Reshapes Competition

On Wednesday, Naver Financial and Dunamu are to hold their respective board meetings to approve an equity swap that will make Dunamu a wholly owned Naver subsidiary. The 20 trillion won merger unites Naver’s payment infrastructure (80 trillion won in annual payments) with Upbit, South Korea’s leading crypto exchange. Dunamu founder Song Chi-hyung receives a 30% stake, reducing Naver’s share to 17%.

The merger is likely to enable instant stablecoin distribution on Naver’s platforms and leverage Dunamu’s regulatory experience. It may also lead to a US listing, as BeInCrypto reported. Once legislation is clear, the partnership could help Naver-Dunamu become a top issuer of won-backed stablecoins.

Analysts say the merger, combining expertise in artificial intelligence, data, payments, and digital assets, could set the standard for stablecoin rollouts in South Korea. The move is widely seen as transformative for the nation’s fintech sector.

Legislative Race Shapes Regulatory Future

Regulation remains the key hurdle. Majority Floor Leader Kim Byung-kee, a Democratic Party lawmaker, introduced the “Value-Stable Virtual Asset Issuance and User Protection Act.” The bill mandates 100% cash or sovereign bond reserves, a 3% contingency fund, and issuance on public blockchains such as Ethereum or Solana.

Other features include a ten-day redemption window and strict limits on interest or economic gains. International issuers like Tether or Circle must register and obtain a license to conduct business in South Korea.

The Financial Services Commission handles licensing, while the Bank of Korea monitors risks. These agencies continue to debate jurisdiction, as interagency issues remain, especially those related to monetary policy.

Regarding crypto asset legislation in the country, more than a dozen bills are under review by the Assembly. However, unresolved disputes between regulators could lead to further delays.

Ultimately, regulatory clarity will decide if Kakao and Naver-Dunamu bring stablecoins to Korean finance, or if these projects remain in testing as global adoption advances elsewhere.

The pain may not be over yet for Bitcoin investors, according to one crypto analyst, arguing that there’s still more leverage that could be flushed out. 

Crypto analyst James Check described the recent market meltdown as a “2-sigma long liquidation event,” which wiped out a “chunk of degen gamblers.”

Most of the leverage is gone, but the market “has an incredible nose that can sniff out the final hold-outs,” he added, cautioning that a further flush out could be on the cards. 

A 2-sigma liquidation event in crypto refers to a significant market movement that triggers mass liquidations of leveraged positions, with “2-sigma,” or two standard deviations, indicating the statistical magnitude of the price swing.

Bitcoin shed over $24,000 in just ten days, dropping to a seven-month low of around $82,000 on Nov. 21. 

Robinhood is deepening its foray into prediction markets by partnering with Susquehanna International Group to launch a new joint venture that will establish a futures, derivatives exchange, and clearinghouse.

In a statement released Tuesday, Robinhood said that the joint venture will be controlled by Robinhood Markets Inc. and will acquire MIAXdx, Derivatives Clearing Organization and Swap Execution Facility from Miami International Holdings. MIAXdx is a designated contract market licensed by the Commodity Futures Trading Commission.

Under the plan, MIAX will retain a 10% equity stake in the new exchange. Susquehanna will serve as a day-one liquidity provider, with additional liquidity partners to follow. The new exchange is expected to offer futures and derivative products, including prediction markets, and is set to begin operations in 2026.

"Robinhood is seeing strong customer demand for prediction markets, and we’re excited to build on that momentum," JB Mackenzie, VP and general manager of futures and international at Robinhood, said in the statement. “Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”

Robinhood noted that prediction markets have become its fastest-growing product line by revenue, with more than 9 billion contracts traded by over 1 million customers to date. The Block has reached out to Robinhood for further details on the upcoming exchange.

In March, Robinhood partnered with Kalshi to launch a prediction-markets hub within its app via Robinhood Derivatives, covering U.S. politics, macroeconomic indicators, and sports. In August, it rolled out sports-related markets tied to the NFL and NCAA football, also in collaboration with Kalshi.

Analysts at Bernstein said earlier this month that prediction markets are evolving beyond simple event betting into broader information trading venues. The analysts observed surging volumes across platforms like Robinhood and Kalshi, suggesting growing mainstream acceptance of prediction markets.

U.S.-regulated Kalshi has outpaced rival Polymarket in monthly volume since September, according to The Block's dashboard. In October, Kalshi recorded $4.4 billion in volume, compared with Polymarket's $3.02 billion.

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.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

XRP price started a steady increase above $2.150. The price is now consolidating gains and might aim for another increase if it clears $2.250.

• XRP price started a fresh increase above the $2.20 zone.
• The price is now trading above $2.180 and the 100-hourly Simple Moving Average.
• There is a bullish trend line forming with support at $2.170 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could continue to move up if it clears $2.250.

XRP Price Eyes More Gains

XRP price started a decent upward move above $2.050 and $2.080, beating Bitcoin and Ethereum. The price gained pace for a clear move above the $2.150 resistance.

The bulls even pumped the price above the $2.20 barrier. A high was formed at $2.286 and the price started a short-term downside correction. There was a move toward the 23.6% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high.

The price is now trading above $2.180 and the 100-hourly Simple Moving Average. Besides, there is a bullish trend line forming with support at $2.170 on the hourly chart of the XRP/USD pair.

If there is a fresh upward move, the price might face resistance near the $2.250 level. The first major resistance is near the $2.280 level, above which the price could rise and test $2.320. A clear move above the $2.320 resistance might send the price toward the $2.420 resistance. Any more gains might send the price toward the $2.450 resistance. The next major hurdle for the bulls might be near $2.50.

Another Drop?

If XRP fails to clear the $2.250 resistance zone, it could start a fresh decline. Initial support on the downside is near the $2.170 level and the trend line. The next major support is near the $2.120 level.

If there is a downside break and a close below the $2.120 level, the price might continue to decline toward $2.050 and the 50% Fib retracement level of the upward move from the $1.817 swing low to the $2.286 high. The next major support sits near the $2.00 zone, below which the price could continue lower toward $1.9250.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.170 and $2.120.

Major Resistance Levels – $2.250 and $2.320.