Warning: XRP Price Is Forming A Death Cross That Previously Led To A 15% Crash

After the massive price recovery witnessed a few days ago, XRP has slowed down on its price surge since the last day, but its network has continued to see growing engagements as investors stay resilient on the leading altcoin.

On Wednesday, November 22, onchain analytics firm CryptoQuant disclosed a decent increase in the XRP burn rate despite the plummeting market condition.

XRP network usage grows

While the network has not witnessed a significant increase yet, the data shows that a decent 521 XRP were destroyed in fees in the last 24 hours. This represents a mild 0.77% surge from the burns achieved yesterday.

Despite the surge, the number of XRP burned as fees is still relatively low compared to levels seen before the massive October 10 crash that has led the market into persisting price corrections.

Although small but positive, the metric has contributed to the restoration of confidence in the XRP ecosystem as it has come when XRP is seeing fresh momentum following the recent resurgence in its price, alongside the major launches of multiple ETFs.

Although XRP has slowed down on its price surge today, the market is still showing signs of a potential rally, suggesting increased demand among retail and institutional investors.

Apparently, the increase in XRP’s burn rate, coinciding with renewed bullish sentiment, has fueled speculation that XRP may be entering a new phase, stirring anticipation for a massive rally in December.

XRP ETFs outperform market 

While XRP has also joined Bitcoin, Ethereum, and Solana on Wall Street following the recent launch of multiple XRP ETFs, the altcoin is moving to become the next big thing in the crypto ecosystem.

Notably, the launch of these ETFs has made XRP the center of attention, with market watchers predicting that the impressive inflows pulled by these ETFs in just a few days of launch could position XRP back to its $5 target for 2025.

Just yesterday, ETF trackers reported that XRP flipped Bitcoin, Ethereum, and Solana in daily ETF inflow. XRP ETFs recorded a massive $164 million in inflows as of November 25, while Bitcoin, Ethereum, and Solana pulled in $151 million, $97 million, and $58 million respectively.

Bitcoin Depot Inc. is facing mounting legal and financial pressure after its Canadian subsidiary was hit with an $18.47 million arbitration award tied to long-running allegations that faulty hardware and software “crippled” thousands of Bitcoin ATMs operated by bankrupt kiosk operator Cash Cloud

The ruling, in a Form 8-K filing on November 24, adds a new layer of uncertainty to the Atlanta-based company’s operations as it confronts a second lawsuit seeking the same damages in U.S. Bankruptcy Court.Source: Arbitrators Side With Cash Cloud, Ruling Over Alleged Defects in BitAccess ATM Systems

According to the filing, the award was issued by a tribunal under the Canadian Arbitration Association following hearings held between December 2024 and October 2025.

The dispute centers on BitAccess Inc., a Canada-based operating system and hardware provider that Bitcoin Depot in 2021.

Cash Cloud, which ran more than 5,700 Bitcoin ATMs under the Coin Cloud brand before filing for Chapter 11 in 2023, alleged that defects in BitAccess-supplied equipment left large parts of its fleet inoperable and caused severe financial losses.

The arbitration began in August 2022 after Cash Cloud BitAccess of breaching a 2020 Master Purchase Agreement.

Arbitrators ultimately concluded that Cash Cloud had proven the full extent of the damages it sought, issuing the entire $18.47 million claim as the final award.

Bitcoin Depot said BitAccess intends to challenge the ruling and is seeking to have it set aside, though the company acknowledged in the filing that it “cannot predict with any degree of certainty” what the outcome will be.

Arbitration awards like court judgments and can be enforced unless successfully challenged, typically on jurisdictional issues or procedural irregularities.

Bitcoin Depot did not indicate whether it will comply if the award stands, only that it plans to “vigorously defend” the matter.Cross-Border Legal Clash Adds Pressure to Bitcoin Depot’s Mixed Financial Quarter

In addition to the arbitration, Bitcoin Depot a parallel legal battle in Nevada.

Cash Cloud a companion lawsuit in the U.S. Bankruptcy Court for the District of Nevada in 2023, arguing that certain claims fall outside the Canadian tribunal’s jurisdiction and alleging additional derivative damages stemming from the same contract.

The Nevada case seeks the same $18.47 million, meaning Bitcoin Depot could face duplicate exposure if the disputes are not consolidated or limited.

Bitcoin Depot argues the U.S. case overlaps substantially with the arbitration and believes developments in Canada may limit or even moot the bankruptcy litigation. The company said it will continue to defend the U.S. action, calling it “without merit.”

Cash Cloud in February 2023, listing more than $153.9 million in liabilities.

In its bankruptcy proceedings, the company pointed to the disputed BitAccess equipment, a failed software agreement, an expensive hack, and alleged misconduct by a former executive as contributors to its collapse.

The legal pressure comes at a time when Bitcoin Depot’s financial performance is showing mixed signals. The company $162.5 million in third-quarter revenue, a 20% year-over-year increase, while net income rose 139% to $5.5 million over the same period.Source:

However, both metrics declined quarter-to-quarter, with revenue falling about 6% from Q2 and net income dropping roughly 55%.

Earnings per share came in at $0.08, half the prior quarter’s $0.16. Bitcoin Depot operates more than 9,000 ATMs across the United States, Canada, and Australia.

Arbitration disputes are not uncommon in the crypto industry. Other firms, including Payward, the operator of Kraken, post-award legal challenges, with courts sometimes refusing enforcement on public policy grounds.

In one example in the filing, Payward’s arbitration award against a UK consumer was denied enforcement by an English court over concerns it would hinder the customer’s ability to pursue potential financial-regulatory claims.

The government of Bolivia will integrate cryptocurrencies and stablecoins into the financial system in a push to modernize the country’s economy, Bolivia’s economic minister, Jose Gabriel Espinoza, announced on Tuesday.

Banks will be allowed to custody crypto on behalf of clients, enabling digital currencies to function as a legal tender for savings accounts, credit products, and loans, according to Reuters.

“You can’t control crypto globally, so you have to recognize it and use it to your advantage,” Espinoza said.

Key takeaways

• For years, US crypto firms operated under overlapping rules from the SEC, CFTC, FTC and FinCEN. The revised 2025 plan signals Washington’s intent to build a more flexible and structured framework tailored to digital assets.

• The SEC is moving toward a model centered on innovation, capital formation, market efficiency and investor protection. This marks an acknowledgment that crypto requires dedicated rules rather than adaptations of older regulations.

• The plan may lead to exemptions, safe harbors, DLT-specific transfer agent rules and crypto market structure amendments. These steps could help integrate digital assets into traditional market infrastructure.

• The plan’s success will depend on cross-agency coordination and international alignment between regulatory agencies. Strong execution could encourage other jurisdictions to adopt more consistent global standards for crypto.

Since its early years, the US cryptocurrency industry has operated in an unclear regulatory environment. Different agencies, such as the Securities and Exchange Commission (SEC), the Federal Trade Commission (FTC), the Commodity Futures Trading Commission (CFTC) and the Financial Crimes Enforcement Network (FinCEN), have been overlooking different aspects of the crypto ecosystem. In this scenario, crypto enterprises found it difficult to determine what was allowed and what was not.

The SEC’s revised 2025 plan is likely to usher in positive change. It suggests that Washington, DC is seeking a more flexible regulatory framework that streamlines crypto oversight while supporting innovation.

This article discusses the possible outcomes of the plan, its key points, the advantages it may bring and the risks it could involve. It also explores how the plan may influence the crypto ecosystem worldwide.

Why the SEC’s revised 2025 plan matters

Cryptocurrency has evolved well beyond its early speculative phase. Digital tokens are now traded on major platforms, institutional investors allocate funds to them, and tokenization is gradually entering traditional finance. In a fast-changing crypto landscape, regulations are always trying to catch up.

The SEC’s new agenda reflects a shift in approach. It emphasizes innovation, capital management, market efficiency and investor protection. This shows the SEC’s acknowledgment that cryptocurrencies require tailored rules rather than adaptations of existing ones.

Industry representatives have highlighted the lack of clear compliance guidelines and the conflicting interpretations of existing rules. They also point out the tendency to prioritize enforcement over guidance. The SEC’s 2025 agenda includes initiatives that align with many industry concerns.

Did you know? After the Mt. Gox exchange collapse in 2014, Japan became the first major economy to pass a dedicated crypto law in 2017. Japan officially recognized Bitcoin () as a legal payment method and encouraged exchanges to adopt bank-level security standards.

Major elements of the SEC’s 2025 plan

This comprehensive agenda outlines the key areas and initiatives the SEC will pursue to safeguard investors:

New rules for issuing and selling digital assets

The SEC intends to establish clear guidelines for the issuance of digital assets, which may include exemptions or safe harbor provisions for token projects. This would help determine when a token is considered a security, when it is not and what information issuers must provide. For startups, such clarity would reduce the uncertainty that surrounds token launches.

Permission for crypto trading on national securities exchanges

The SEC is considering changes that would allow digital assets to be traded directly on registered national exchanges and alternative trading systems. These potential amendments aim to bring crypto assets closer to the regulated infrastructure used for traditional stocks, improve surveillance, strengthen investor protections and reduce reliance on less regulated offshore platforms.

Simplified disclosure requirements

The plan aims to streamline and modernize disclosure and compliance obligations for publicly listed companies, including those involved with digital assets. This would reduce administrative burdens for both cryptocurrency-focused firms and traditional businesses and encourage broader adoption.

Clearer rules for crypto intermediaries

Broker-dealers, custodians and trading platforms have operated under uncertain regulatory requirements. The new agenda seeks to clarify how existing rules for securities intermediaries apply to cryptocurrency activities. This would allow more financial institutions, banks and fintech companies to offer crypto-related services with greater confidence.

Streamlining disclosures and reducing compliance burden

The SEC intends to propose a framework for streamlining disclosures. The agency’s primary role involves establishing disclosure standards designed to enhance clarity and mitigate investor risk. With the revised plan, the agency aims to reduce the compliance burden for public companies, particularly regarding shareholder proposals.

The following table provides a brief overview of the SEC’s revised 2025 plan:

The Bio Open Lab event will present teams launching new biotechnology projects, including Fox03 by VitaDAO and DogYears by DogYearsDAO. The introduction of new biotech ideas can bring more attention to Bio Protocol and VitaDAO. If these projects show real value or attract interest, the tokens could see positive movement. However, unless there is major partnership news or big investment announcements, the effect is likely to be limited. Traders should watch for follow-up news after the event to measure its impact. source

The Jup Lend AMA will let users learn about Solana’s leading money market with input from Fluid’s team. These interactive events often help explain new features or boost confidence in a project. If the session reveals strong growth or new partnerships for Jup Lend, the JUP token could benefit. However, if no major news is announced, the effect on price may be small. Still, good communication and growing ecosystem interest can slowly build positive trends over time. source