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🌙 XRP Flips Tether Becoming World’s Third Largest Crypto as Prices Soar

XRP is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, bolstered by changing political winds.

Author

Mike Gavela
December 02, 2024

In partnership with

Crypto Roundup - December 2

XRP has surged over 25% to $2.4, surpassing Tether (USDT) and Solana (SOL) to become the third-largest cryptocurrency by market capitalization. This rise is attributed to speculation that the SEC may drop its legal case against Ripple Labs. Meanwhile, MicroStrategy Chairman Michael Saylor has urged Microsoft's board to invest in Bitcoin, suggesting it could add nearly $5 trillion to Microsoft's market capitalization. Additionally, the U.S. government transferred approximately 20,000 Bitcoin, valued at $1.9 billion, to Coinbase from a wallet linked to the Silk Road seizure, impacting market sentiment.

Top Stories

  • XRP reaches seven-year high: The cryptocurrency's price has climbed to $1.93, a significant increase of 274% this month.

  • Boyaa Interactive shifts to Bitcoin: The Hong Kong gaming firm has converted $50 million from Ethereum to Bitcoin, indicating a strategic realignment of its crypto assets.

  • 'Captain Tsubasa: Rivals' plans token launch: The Telegram-based game is set to introduce its own token to boost user engagement and facilitate in-game transactions.

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TOP STORIES

XRP Flips Tether Becoming World’s Third Largest Crypto as Prices Soar - Decrypt

XRP is up more than 71% on the week to $2.47 and a further 367% over the last 30 days, bolstered by changing political winds.

decrypt.co/294232/xrp-flips-tether-becoming-worlds-third-largest-crypto-as-prices-soar

Saylor Urges Microsoft to Buy Bitcoin - "The Defiant"

The MicroStrategy co-founder claims the tech giant can significantly boost its share price and stakeholder value if it adds BTC to its treasury.

thedefiant.io/news/tradfi-and-fintech/saylor-urges-microsoft-to-buy-bitcoin

US government transfers $1.9 billion in Bitcoin to Coinbase Prime

US government Bitcoin transfer moves $1.9B to Coinbase from seized Silk Road assets, impacting market value and drawing market attention.

cryptobriefing.com/us-government-bitcoin-transfer-coinbase

FUNDRAISING

Web3 ARPG Chain Game Runesoul Completes $1 Million Seed Round, Lead by Accelbyte

BlockBeats News, November 30th, according to official sources, Web3 ARPG blockchain game Runesoul announced that it has completed a $1 million seed round financing at a $20 million valuation, with this round of financing jointly invested by Accelbyte and IGC.Runesoul is focused on building an innovative Web3 ARPG game experience, aiming to combine on-chain economic systems with high-quality game content to attract global players and blockchain community users.IGC, as an emerging large game guild in Asia, has successfully supported several well-known GameFi projects such as Infinitar and continues to inject resources into the Runesoul game ecosystem. In addition, the angel round financing of Runesoul has been simultaneously initiated.

www.theblockbeats.info/en/flash/272474

OTHER HEADLINES

Bitcoin Miner Marathon Buys $618 Million Worth of BTC - Decrypt

Bitcoin miner Marathon Digital has purchased $618 million worth of BTC with cash, the company said in an SEC filing.

decrypt.co/294277/bitcoin-miner-marathon-buys-618-million-worth-of-btc

Hyperliquid Dominates Crypto Derivatives Market After Airdrop - "The Defiant"

Derivatives exchange Hyperliquid is surpassing all competitors in volume traded after it issued one of the largest airdrops in the industry’s history.

thedefiant.io/news/markets/hyperliquid-dominates-crypto-derivatives-market-after-airdrop

Justin Sun honors Maurizio Cattelan’s iconic ‘Comedian’, bridging art and crypto culture

Justin Sun acquires Maurizio Cattelan's 'Comedian,' highlighting the convergence of art and crypto culture at a Hong Kong event.

cryptobriefing.com/art-and-crypto-culture-connection

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