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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6857.13
6857.13
6857.13
6865.94
6827.13
+7.41
+ 0.11%
--
DJI
Dow Jones Industrial Average
47850.93
47850.93
47850.93
48049.72
47692.96
-31.96
-0.07%
--
IXIC
NASDAQ Composite Index
23505.13
23505.13
23505.13
23528.53
23372.33
+51.04
+ 0.22%
--
USDX
US Dollar Index
98.920
99.000
98.920
98.980
98.900
-0.060
-0.06%
--
EURUSD
Euro / US Dollar
1.16527
1.16534
1.16527
1.16542
1.16408
+0.00082
+ 0.07%
--
GBPUSD
Pound Sterling / US Dollar
1.33337
1.33348
1.33337
1.33366
1.33165
+0.00066
+ 0.05%
--
XAUUSD
Gold / US Dollar
4215.68
4216.13
4215.68
4215.99
4194.54
+8.51
+ 0.20%
--
WTI
Light Sweet Crude Oil
59.270
59.307
59.270
59.469
59.187
-0.113
-0.19%
--

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Reserve Bank Of India Chief: Since Oct Policy, Economy Witnessed Rapid Disinflation

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Reserve Bank Of India Chief: Indian Economy Witnessed Rapid Disinflation

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India's Nifty 50 Index Down 0.05% Ahead Of Reserve Bank Of India's Rate Decision

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Jpm Predicts Continued Easing Of US-Cn Relations Beneficial For Cn Cxo Industry

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[The New York Times Sues Defense Secretary Hergsayth Over New Media Rules] On April 4, The New York Times Filed A Lawsuit Against The U.S. Department Of Defense And Defense Secretary Hergsayth Over Restrictive Rules Imposed On The Media By The Department Of Defense, Alleging That These Rules Violate The U.S. Constitution's Protection Of Press Freedom

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[China-US Economic And Trade Cooperation Forum And 4th Blockchain Expo Promotion Conference Successfully Held] On December 4th, The China-US Economic And Trade Cooperation Forum And The 4th Blockchain Expo Promotion Conference Were Held In Washington, D.C. Ren Hongbin, Chairman Of The China Council For The Promotion Of International Trade (CCPIT), Led A Delegation Of Chinese Entrepreneurs To Attend The Forum And Delivered A Speech. Xie Feng, Chinese Ambassador To The United States, Gutierrez, Former U.S. Secretary Of Commerce, And Jones, Executive Vice President And Chief Operating Officer Of Meridian International Center, Also Attended And Delivered Speeches. More Than 100 Representatives From The Chinese And American Business Communities Participated In The Forum

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HSBC Research Predicts Fed Chair Change/ Geopolitical Risks To Support Gold Prices

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Singapore's Benchmark Index Falls As Much As 0.5% To 4511.88 Points, Lowest Since November 27

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India's Nifty 50 Index Down 0.13% In Pre-Open Trade

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Indian Rupee Opens At 89.84 Per USA Dollar, Up 0.15% From Previous Close

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US President Trump Will Sign The Executive Order At 3 P.m. Local Time On Friday

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Indonesia's Forex Reserves Rise To $150.1 Billion At End-November

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Citigroup: Bullish On Copper, Aluminum, And Tin Price Trends In 2026

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Citigroup: Copper Prices Are Expected To Reach $13,000 Per Tonne Within The Next Six To Twelve Months

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Shanghai's Most Active Copper Contract Rises To Record High At 91770 Yuan Per Metric Ton

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Indonesia's Benchmark Stock Index Rises As Much As 0.6% To Record High Of 8689.099 Points

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[China Council For The Promotion Of International Trade (CCPIT) And The U.S. Soybean Export Council Hold Talks In Washington, D.C.] On December 4, Local Time, The CCPIT And The U.S. Soybean Export Council Held Talks In Washington, D.C. CCPIT Chairman Ren Hongbin And U.S. Soybean Export Council CEO Su Jian Exchanged Views On Strengthening Practical Cooperation In The Agricultural Sector. Representatives From Chinese Companies, Including COFCO Oils & Fats And UH Group, Attended The Meeting

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[Japanese Trade Minister: Closely Monitoring Lawsuits Filed By Japanese Companies Regarding US Tariffs] Japanese Trade Minister Ryosuke Akazawa Stated That He Is Aware Some Japanese Companies Have Filed Lawsuits In The United States Seeking Refunds For Tariffs Imposed By The Trump Administration. When Asked About Japan's Response, Akazawa Declined To Comment Specifically, Only Stating That The Matter Is Currently Under Litigation And The US Has Not Yet Issued A Court Ruling

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Li Qiang Meets Emmanuel Macron, Hopes France To Promote EU's Commitment To Cn-EU Partnership

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Philippine Central Bank: Will Continue To Review Newly Available Information

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          XRP to $6? Popular Trader Reveals Ultra-Bullish Price Outlook

          U.Today
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          XRP is holding strong at the level where its entire correction ended, and this is exactly why well-known trader "Dark Defender" reopened the $6 discussion. The last drop stopped at the 161.80% Fibonacci zone, the price bounced right back from it and XRP has not gone there since.

          From this reaction, the analyst built a direct price path that leads to the $5.85-$6 region for the XRP price. 

          The setup is simple. The A-B-C correction is all done. The final C-leg bottomed out right in the deep retracement pocket, where strong reversals often show up. After touching it, XRP had a clear bounce. On the same day, the RSI went up from its lowest reading of the year, confirming that the declining phase lost force.

          Dark Defender">

          The whole projection depends on one line that is above the current price. This diagonal resistance has been stopping every rally since summer. XRP tried a few times and did not quite make it. The trader links the whole $6 scenario to this line. 

          If XRP finally breaks through and closes above it with purpose, the next steps are simply a matter of execution.

          Key XRP levels to watch

          First area: $2.22. Second area: around $3. Final stretch: The numbers are between $5.85 and $6, and they are taken from the higher Fibonacci extensions that match the scale of the previous waves. 

          The long channel that has guided the price of XRP throughout the year supports the same idea. The upper boundary of that channel is pretty close to the trader's high target. When the price stays on both sides of the channel for a while, the upper band becomes a good target.

          It all narrows down to one breakout. If XRP clears the diagonal that rejected it all summer, the chart opens the next section cleanly. If it fails again, the market stays in the same range until the next attempt.

          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
          Share

          Proposal went live: How batching could transform Tron

          Cointelegraph
          DASH / Tether
          +1.75%
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          Transaction fees are a major concern when sending cryptocurrency. Each transaction incurs a fee that is received by the miner, and that translates to paying hefty amounts for large organizations that regularly deal with large transactions.

          Transaction batching is a method invented for such scenarios. The method treats multiple transactions as one to improve scalability and reduce costs. The feature may soon arrive on Tron, thanks to a newly submitted proposal.

          The proposal was submitted by blockchain infrastructure provider Boosty Labs to the CTDG Dev Hub. The proposal is the first fruit of this effort. If passed, it can give Tron, an ecosystem home to many exchanges, payment processors and one of the highest-volume USDT markets, a native batching solution. Let’s take a deep dive into how transaction batching works, what sets the proposal’s approach apart from previous methods and how its arrival can transform the Tron ecosystem.

          Cointelegraph
          @Cointelegraph

          ⚙️ BUILDERS: Propose upgrades across chains. See them actually get built.

          Introducing Cointelegraph’s CTDG Dev Hub.

          Developers, validators, and contributors can:

          • Propose cross-ecosystem governance upgrades

          • Work directly with Cointelegraph’s CTDG to develop them

          • Shape…

          Nov 27, 2025

          What is transaction batching?

          The method works by taking some of the burden away from the main chain. It collects transactions offchain until they reach a certain number. These individual transactions are then bundled together and submitted onchain as one unified transaction.

          The idea of batching transactions has been around for a while. Bitcoin’s widely used layer-2 protocol, Lightning Network, and most Ethereum L2 solutions employ similar principles.

          Batching will introduce an intermediary processing layer on Tron to gather and verify transactions before submitting them onchain. Here are the four main steps:

          • First, transactions are collected and processed offchain; after they’re grouped and checked, they’re compressed into a single batch.

          • Second, that batch is assembled into one unit with cryptographic proofs, so every transaction inside can be validated.

          • Third, only the batch itself is sent to the Tron mainnet, which mainly handles final checks and updates as the settlement layer.

          • Finally, the Tron blockchain confirms the batch and writes it permanently to the chain.

          What’s different about the proposal’s approach

          Traditional L2s create separate blockchains to operate on. Boosty Labs’ approach keeps everything anchored to the Tron mainnet. It does not require the use of bridges or the purchase of additional cryptocurrencies.

          The batching system offers a few pricing options tailored to how quickly someone needs their transfer:

          • Instant: Immediate settlement with premium pricing for urgent transfers.

          • Delayed: Moderate wait time with standard fees for normal operations.

          • Batch: Best suited for high-volume users who are happy to wait a few minutes for the next batch and want to minimize fees.

          Additionally, Boosty Labs’ proposal introduces an automatic identification system for high-volume users who would benefit from batching.

          The system uses three metrics to identify batch-eligible users:

          • Transaction frequency: More than 50 stablecoin transactions daily signals exchange or payment processor activity.

          • Volume threshold: Regular transfers exceeding $10,000 indicate large-value settlement operations.

          • Distribution pattern: Making transfers to more than 25 unique recipients weekly suggests payroll, rewards distribution or enterprise wallet activity.

          A smart contract manages the process through a whitelist, updated daily based on actual usage patterns.

          Why batching matters for Tron

          Beyond pure cost savings, batching aligns with Tron’s positioning as a high-volume settlement network. With over 50% of global USDT supply circulating on Tron and many exchanges relying on it for stablecoin throughput, even small efficiency gains translate into major improvements at the ecosystem scale.

          Native batching strengthens Tron’s core value proposition: fast, predictable and low-fee transfers. It improves the chain’s competitiveness in enterprise payments, remittances and large-scale disbursements — areas where Tron faces growing pressure from the competition.

          All user groups can gain from the introduction to Tron:

          • Large-scale users: For large users like exchanges, payment processors and businesses, batching is often what makes using a blockchain practical at scale. Such organizations can reduce costs dramatically as they only have to pay one transaction fee per batch.

          • Validators and super representatives: Batching will reduce the revenue earned by these users with each transaction. At the same time, making Tron more accessible to a wider range of users could increase the total transaction volume, which may, in the long run, boost overall network activity and validator earnings.

          • Everyday users: Clogged networks cause delays in transaction settlement times while increasing fees. Moving bulk transactions offchain can keep the mainnet clear and affordable for regular users conducting normal transfers.

          • Tron itself: Compressing many transfers into batches can open the door to handling much more economic activity without slowing down — something that matters a lot for use cases like remittances, payroll or gaming rewards, where bulk payments are the norm.

          Native batching gives Tron a more scalable, efficient foundation for the high-volume stablecoin activity. It reduces congestion, lowers costs and makes Tron more attractive for exchanges, payment platforms and enterprise integrations.

          Proposal live on CTDG Dev Hub

          The proposal went live on CTDG Dev Hub on Nov. 14 and is currently under review. During this phase, different actors in the Tron ecosystem, like validators, developers and community members, can discuss all aspects of the proposal on its website and make comments and suggestions before formal submission.

          This makes it one of the first externally driven technical upgrade proposals aimed directly at improving Tron’s core performance. For Tron, which continues to attract enterprise-scale payment flows, the proposal represents a concrete example of how ecosystem developers can contribute optimizations that benefit the entire network.

          If approved, the upgrade will be developed within the CTDG Dev Hub. A phased rollout is planned:

          • Deploying the settlement contract and fee module on the Shasta testnet.

          • Establishing aggregator node infrastructure with security audits.

          • Integrating whitelist and automated identification systems.

          • Launching an open-source verification library for community validation.

          • Migrating to mainnet after thorough testing and community approval.

          The design focuses on stablecoin operations, a main use case of Tron, with the proposal. It estimates a reduction in transaction fees to 0.05 TRX per recipient in batches. Such a reduction would be especially beneficial for users making repetitive stablecoin transfers of similar types.

          Web3 public space

          CTDG Dev Hub served as an incubator that allowed this idea to find its way from a developer’s mind into a proposal on Tron. The platform gives developers, validators and other community members a shared place to talk, instead of having discussions scattered across different channels. In practice, it functions as a public workspace where new and ambitious ideas can be developed openly.

          For blockchain networks, the bulk of the benefit comes from increased visibility; it simply means access to more manpower. More eyes review each proposal, catch and fix bugs earlier, and more useful feedback is collected, which helps the upgrade land on the market in the best possible shape.

          Boosty Labs is the development team behind this batching proposal for Tron. It designed the architecture, prepared the full technical specification inside the CTDG Dev Hub, and its engineering team brings deep experience with complex blockchain and infrastructure systems. That background helps ensure that proposals coming through the Hub are technically sound and realistic to implement in production if approved.

          Blockchain technology is built with the community in mind. Just like maintaining it, upgrading it also requires a collaborative effort. CTDG Dev Hub is where that work is fostered and tracked.

          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
          Share

          Analyst Teases $7.50 XRP Moonshot But Only After A Final Flush

          NewsBTC
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          Crypto analyst Charting Guy (@ChartingGuy) is mapping out a sharply asymmetric setup for XRP, arguing that the token is locked in a textbook Wyckoff reaccumulation and is “still NOT bearish in the slightest” despite a year of range-bound trading.

          Why XRP Is Still Not Bearish

          His work is based on XRP/USD Bitstamp charts posted on X on 27 November 2025. On the weekly view, XRP trades around $2.23 after an 8–9% gain on the week, consolidating below the 2025 peak at approximately $3.317, which he marks as the 1.0 Fibonacci level. The retracement is drawn from the cycle low near $0.11400 up to that high, producing a ladder of levels that structure the entire thesis.

          Key Fibonacci levels include 0.5 at about $0.61495, 0.618 at $0.91531, 0.702 just above $1.20 and, crucially, 0.786 at $1.61246. A broad highlighted band covers the prior 2021 high zone and this 0.786 cluster, roughly from the mid-$1s into the low-$2s. Charting Guy describes this as XRP “building support on prior cycle high as well as top of golden pocket,” referring to the 0.618–0.786 retracement area.

          Above the 2025 high, he plots classic Fibonacci extensions: 1.272 at about $8.29661, 1.414 around $13.38940 and 1.618 near $26.63038. His immediate scenario, however, stops short of those levels, projecting a move toward roughly $7.50.

          XRP Price Roadmap For 2026

          The detailed roadmap appears on a two-day XRP/USD chart overlaid with a Wyckoff schematic. The structure begins with a Preliminarily Supply (PSY) phase and a Buying Climax (BC) into the low-$3 zone, followed by a Secondary Test (ST) and an Automatic Reaction (AR) that defines the lower boundary of the range. Horizontal lines mark that floor near $1.61184, an intermediate band around $1.95, resistance at approximately $2.90 and the upper ceiling just above $3.30.

          During mid-2025, XRP prints an “UT Phase B” upthrust into that $3+ resistance before rolling into a downward-sloping channel. The upper boundary of this channel, labeled “CREEK,” connects a series of lower highs, while the lower boundary guides price back toward the $1.61–1.70 support.

          In the scenario path, XRP spikes down to test the blue horizontal at $1.61184. This move is annotated as the “SPRING” — Wyckoff’s final shakeout below range support. Price then rebounds to retake the $1.95 area, marked “TEST,” and establishes a higher low between roughly $2.00 and $2.20 as the first “LPS” (Last Point of Support).

          From there, the schematic shows a decisive break of the descending “CREEK” trendline, the “JATC” or “Jump Across The Creek,” as XRP accelerates from around $2.20–2.30 through the $2.90 resistance. That breakout is followed by a “SOS” (Sign of Strength) above the former ceiling, with another LPS holding around the $2.90 region and confirming the flip of resistance into support.

          The right edge of the 2D chart then projects a steep markup phase. XRP rallies from roughly $3.00 to just above $7.50 before stalling, even though it remains below the 1.272 weekly extension at $8.29661.

          Alongside the charts, Charting Guy pushes back against bearish momentum narratives centered on the monthly RSI. He notes that the RSI peak occurred in January 2025 and “lost momentum ALL 2025 while XRP stayed sideways in a range and held its own,” calling this “a very textbook reaccumulation signal where indicators lose steam to reset and price stays stable.”

          The technical message is unambiguous: as long as the $1.61–1.70 band holds, Charting Guy views XRP’s extended consolidation as preparation, not distribution—anticipating a final flush below $1.70, followed by a Wyckoff-style breakout sequence toward approximately $7.50.

          At press time, XRP traded at $2.23.

          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
          Share

          Top Two Dead Altcoins to Avoid in December

          Coinpedia
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          The crypto market is entering a volatile final month of the year. While many strong projects are falling due to wider macro pressure, a few altcoins are showing deeper, structural problems that point to long-term decline rather than temporary weakness.

          Analyst AltcoinBuzz has pointed out that two tokens continue to show shrinking user activity, weak use cases, regulatory troubles and worrying tokenomics. On the surface they may look fine on some days, but the underlying data signals a downward trend that investors should not ignore.

          Internet Computer : Big Promises, Weak Delivery

          ICP launched in May 2021 with a huge dream: creating a decentralized version of the internet where apps, smart contracts and data could run entirely on chain. At first, this sounded revolutionary, but the excitement didn’t last.

          The token collapsed almost immediately after launch, dropping nearly 80% in just six weeks. Many investors believed insiders sold early, and though the lawsuit around this claim was dismissed, trust in the project never recovered. Today, ICP sits nearly 99% below its all-time high.

          Technical issues have also held the project back. Developers say the network has strict instruction limits, memory caps and scaling problems.

          These challenges are visible in its adoption numbers. ICP averages only around 4,800 daily users, extremely low for a project that once claimed it could replace cloud computing. Combined with an unlimited token supply, ICP continues to lose momentum.

          Worldcoin : Innovation Turning Into Controversy

          Worldcoin, backed by OpenAI’s Sam Altman, aims to build a global digital identity system using iris-scanning Orbs. In exchange for scanning their eyes, users receive WLD tokens. But instead of global acceptance, the project is facing global resistance.

          Countries including Spain, Germany, Kenya, Portugal, Brazil, Hong Kong, Indonesia and South Korea have banned or restricted Worldcoin due to privacy and ethical concerns. 

          Another weakness is the token’s long unlock schedule. With only 23% of the supply in circulation and unlocks continuing until 2038, constant new supply could pressure the price for years. WLD is already down about 74% over the last year, even before the wider market slowdown.

          Worldcoin has more daily users than ICP, but regulatory pressure, privacy fears and long-term token dilution are creating a difficult path forward.

          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.
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          XRP Outshines Bitcoin and Cardano in Weekly Gains, But There's a Twist

          U.Today
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          XRP is showing great numbers as its weekly gains on the cryptocurrency market have surpassed those of Bitcoin and Cardano . The altcoin has shown resilience as it stayed above the $2 level despite the volatility in the broader crypto space.

          XRP price tailwind

          According to CoinMarketCap data, the XRP price over the last seven days has soared by 18.46% as it continues its push for higher values. Notably, despite this gain, the coin is yet to meet investors’ expectations of regaining the $3 target, from where it slipped following the crypto market crash in October.

          However, the gain is significant enough to outshine the flagship crypto asset, Bitcoin. Week-to-date, Bitcoin has managed a 13.01% climb, which is 5% less than XRP’s gain. Similarly, Cardano’s performance was single-digit growth at 8.47%.XRP Weekly Price Chart | Source: CoinMarketCap">

          XRP’s outstanding performance suggests the asset has stronger momentum than BTC and ADA in the last week of trading. The coin has demonstrated more potential to rebound from the recent fluctuations it experienced.

          However, there is a twist to this rally for XRP. Investors have remained cautious and refused to actively engage in trading the coin on shorter time frames. As of press time, trading volume has declined by 20.33% and stands at $3 billion.

          If market participants continue to stay away from transacting the coin and volume does not flip green, XRP might lose its momentum. Notably, for XRP’s price to continue on a bullish trajectory, demand for the coin needs to spike.

          In light of low demand and to maintain price gains, the community had to employ the burn mechanism to reduce the circulating supply. The deflationary rate jumped by over 31% as the community was determined to halt the sell-off of XRP.

          Technical outlook points to potential $3 breakout

          Meanwhile, technical data indicates that XRP could be prepping for an over 13% rally as the chart setup signals upside potential. 

          The Bollinger Bands show that XRP has been stuck in the midbands, with XRP appearing unwilling to break out just yet. The coin is, however, directly under a possible seasonal breakout that could push prices closer to the $3 level.

          In the broader crypto space, XRP recently made the list of the most popular tokens on the market. Kraken listed it in third place behind Bitcoin and Ethereum in a five-asset list. 

          BNB Chain and Solana completed the short list of the most popular assets, according to Kraken’s data.

          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
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          Uzbekistan greenlights stablecoins for payments under new sandbox regime

          Cointelegraph
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled development sandbox, according to local media.

          According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026. The new law, signed on Nov. 27, establishes a regulatory sandbox under the purview of the National Agency for Perspective Projects, together with the central bank.

          Pilot projects are expected to be implemented to develop a stablecoin-based payment system operating on distributed ledger technology. Starting next year, Uzbekistan-based entities will reportedly be allowed to issue tokenized shares and bonds, and a separate trading platform will be created on licensed stock exchanges for those new assets.

          The news follows Uzbekistan’s central bank Chairman Timur Ishmetov announcing in September that studies on digital currencies are underway. At the time, he said crypto activities “should be done under strict control, as it will have a serious impact on monetary policy.”

          CBDCs also on the table

          Ishmetov also mentioned central bank digital currencies (CBDCs), but not in their retail form. He explained that “such a currency would not be used in people’s daily lives, but mainly to speed up settlements between commercial or central banks.

          Uzbekistan’s National Agency for Prospective Projects issued a directive in late March 2024 to increase monthly fees for crypto market participants in the country. Under the new system, crypto exchanges face a monthly fee equivalent to $20,015 — about double the previous fee.

          Central Asia not left being left behind

          As much of the world develops crypto regulatory frameworks, Central Asia has also progressed. In late October, Kyrgyzstan rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve.

          Still, Kazakhstan clearly leads the pack. According to October reports, Kazakhstan’s Financial Monitoring Agency took down 130 crypto platforms involved in money laundering schemes this year. Earlier that month, the country also continued implementing its dual-track approach to digital assets, piloting a CBDC while also backing a state-linked stablecoin.

          This followed the launch of the Kazakhstan central bank’s stablecoin pilot project in late September. Also in September, the country established a state-backed crypto reserve in partnership with Binance, holding BNB (BNB).

          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
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          Bitcoin price down 20%, stablecoin market cap down $2B: November in charts

          Cointelegraph
          DASH / Tether
          +1.75%
          DASH / USD Coin
          -0.40%
          Zcash / USD Coin
          +8.72%
          Zcash / Tether
          +10.16%
          Horizen / USD Coin
          +2.97%

          November was a rocky month for crypto markets. Bitcoin’s price is down over 20%, shedding almost $2 trillion in market capitalization.

          Concerns over possible rate cuts at the US Federal Reserve and the potential for an imminent AI bubble burst have brought anxiety to crypto and stock markets. Bearish sentiment prevails after Bitcoin showed a “death cross” when the 50-day simple moving average crossed below the 200-day equivalent on Nov. 15.

          According to data from Trading Economics, global inflation slowed in November among major world economies. Seventeen members of the G20 experienced lower inflation on the month, part of a growing global trend.

          Around the globe, regulators are grappling with how cryptocurrencies should be taxed as adoption continues. Seven countries are updating their crypto tax policies.

          Here’s November by the numbers:

          Seven countries mull new rules for crypto taxes

          The taxman cometh. Crypto adoption is increasing at institutional levels, and now regulators have no choice but to decide how and whether certain types of digital assets can be taxed.

          Seven different jurisdictions began to make changes to their crypto tax codes in November. In the US, the White House began to review an Internal Revenue Service proposal to join the global Crypto-Asset Reporting Framework. This would allow the US tax service to access Americans’ foreign crypto account data.

          In Spain, the left-wing Sumar party, which is part of the Socialist Party’s ruling coalition, proposed raising the top tax rate for crypto to 47%. This would replace the current 30% savings rate and set a flat 30% tax for corporate holders.

          Switzerland decided to delay its new reforms until 2027. Brazil is considering a tax on international crypto transfers. Japan is considering a 20% crypto tax rate, a reduction from the current 50%.

          France is turning the screws on crypto with a potential “unproductive wealth” tax classification, while the UK is simplifying decentralized finance tax reporting.

          Bitcoin price slumps over 20% on the month

          Cryptocurrency markets saw red in November, with Bitcoin’s price decreasing from $110,000 to $91,000 as of publishing time. BTC’s price bottomed out this month on Nov. 21 at $82,600.

          Bitcoin dipped below $100,000 amid the brutal sell-off — the first time since May 2025. Deutsche Bank analysts said this current collapse, in which market capitalization fell to $1.8 million, was particularly acute.

          “Unlike prior crashes, driven primarily by retail speculation, this year’s downturn has occurred amid substantial institutional participation, policy developments, and global macro trends.”

          Despite the worst November Bitcoin has seen in years, some analysts are optimistic. Justin d’Anethan, head of research at private markets advisory firm Arctic Digital, previously told Cointelegraph that the currency slump could be positive.

          He said that market dynamics are changing “as institutions finally came in a meaningful way, changing the pace, breadth and timing of crypto price action.”

          17% of the Bitcoin supply is owned by governments and companies

          Companies, traditional financial institutions and even governments are increasing their exposure to Bitcoin, with many holding the asset directly. At the end of November, 17% of the 21 million BTC supply was owned by companies or governments.

          The proliferation of exchange-traded products and Bitcoin treasuries firms is leading to a higher concentration of BTC ownership. Exchange-traded funds alone hold over 7% of the Bitcoin supply.

          Public and private companies are also putting Bitcoin on their balance sheets. After the success of Michael Saylor’s Bitcoin-buying Strategy, more corporations and private firms are attempting to replicate it. At the end of November, 357 companies had Bitcoin in their treasuries, according to BitcoinTreasuries.Net.

          Now, large institutional players have more influence over the Bitcoin market than ever before. Some observers have tried to quell centralization concerns. Nicolai Søndergaard, research analyst at crypto intelligence platform Nansen, previously told Cointelegraph:

          “It doesn’t change Bitcoin’s fundamental properties. The network remains decentralized even if custody becomes more centralized.”

          Seventeen G20 members see inflation rates slow down

          The early 2020s saw inflation explode as the world grappled with COVID-19, supply chain disruptions, the Russian invasion of Ukraine and the outbreak of the Israel-Gaza war. Inflation rates in many countries are still high, but in 17 of the G20 member nations, those rates slowed down in November.

          Inflation is an important indicator for cryptocurrency adoption. Countries experiencing high inflation rates, particularly in the developing world, have been quick to adopt cryptocurrencies, particularly dollar-denominated stablecoins.

          On Nov. 25, the minister of economy of Bolivia, Jose Gabriel Espinoza, announced that the government will allow banks to offer crypto custody and enable digital currencies to function as legal tender for savings accounts. Stablecoins have gained significant popularity in Bolivia — some shops even list prices in Tether’s USDT (USDT).

          Stablecoin market capitalization down $2 billion

          Stablecoin markets grew steadily for the last 26 months until November, when the market capitalization decreased slightly by $2 billion, at just above 0.62%. This was the steepest drop since November 2022, when the FTX collapse tanked stablecoin markets.

          USDT dominance grew by nearly 0.50% while Ethena USDe slid by 26.8% in November. Total value locked on Ethena dropped quickly as traders exited looping strategies. 

          A report from crypto exchange BitGet also stated that concerns about stablecoin stability, as well as increased regulatory oversight, have cooled enthusiasm for stablecoins.

          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.
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          The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

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