The Crypto Basic

#shiba⚡ Inu lead developer Shytoshi Kusama resurfaced on X this week after an 84-day absence.
His return coincided with an increase in large SHIB transactions, which rose to their highest levels since June, according to on-chain data.
#CryptoNewss

The New York Stock Exchange has unveiled a new “disappearing” statue of #Bitcoin creator Satoshi Nakamoto.
The artwork, installed this week by Bitcoin firm Twenty One Capital, reflects the growing overlap between traditional finance and crypto. The NYSE described the piece as a shared space between old financial systems and emerging technologies.
#CryptoNewsFlash

Bhutan has introduced a gold-backed digital asset named TER, marking its latest move toward broader adoption of blockchain technology.
The token, issued by the Gelephu Mindfulness City (GMC) Special Administrative Region, is supported by physical gold and runs on the Solana network.
#CryptoNewss

#shiba⚡ Inu Shrinks on Exchanges With 8 Trillion $SHIB Withdrawn in 24 Hours. Notably, such outflows from platforms could suggest that whales are accumulating Shiba Inu in staggering amounts. Specifically, large holders may be moving the token off exchanges into self-custody wallets, which indicates a long-term bullish stance towards the asset. It also removes near-term selling pressure, a move that would stabilize prices amid recent weakness. However, not all withdrawals are whale accumulation. Some might also be strategic repositioning to other platforms for several purposes, such as OTC deals and participation in DeFi on decentralized platforms. Remarkably, this trend of Shiba Inu withdrawal from exchanges has been a recurrent theme. Arkham data shows that a different singular wallet, “0x32285,” withdrew 2.2 trillion SHIB ($18.88 million) from Coinbase on December 9. The whale carried out the withdrawal over six transactions of 570.3 billion, 584.6 billion, 406.7 billion, 11.7 billion, and 48.4 billion SHIB. At the time of writing, the address still holds the tokens. Remarkably, Shiba Inu has also recorded notable exchange inflows, passing mixed signals to holders. Santiment shared on December 9 that over 1.06 trillion SHIB tokens were added to exchange reserves, as whales move funds for possible sell-offs. The shift aligned with increased whale activity on Shiba Inu, as transactions exceeding $100,000 reached 406, the largest since June 6th. Notably, the mixed flows to and from centralized exchanges show uncertainty among large holders even as the price struggles. Meanwhile, SHIB trades at $0.00000833, down 3% over the past 24 hours. While it is down considerably in the last few weeks, it seems to have found support around the $0.0000080 region. Analysts have highlighted key levels for Shiba Inu in both bullish and bearish cases. Further drops would see the token retest the weekly support at $0.0000060, while a recovery may see it cancel one zero and reclaim the $0.000010 levels.
#Crypto

The U.S. Office of the Comptroller of the Currency (OCC) has issued guidance permitting national banks to engage in cryptocurrency transactions as intermediaries without assuming market risk.
Under the clarification, banks may facilitate trades between clients without holding digital assets on their own balance sheets.
The decision represents a significant step toward integrating regulated cryptocurrency brokerage services into the mainstream banking system.

#CryptoNews🚀🔥V

Data from Santiment suggests heightened volatility for #shiba⚡ Inu in the coming days, following a rapid rise in whale transactions and exchange reserves. Notably, the market intelligence platform shared this in an X post, highlighting renewed whale activity in the Shiba Inu ecosystem. The Tuesday tweet stated that Shiba Inu recorded 406 whale transactions yesterday, each valued at over $100,000. This level of whale transaction is the highest since June 6th, indicating renewed interest in the asset. Notably, this spike in whale activity suggests a significant shift in SHIB tokens to new locations. However, it does not explicitly identify the direction of this move. Such moves usually highlight two things: either whales are withdrawing from exchanges in large amounts to self-custody wallets, or they are moving to new addresses and exchanges. Meanwhile, Santiment identified that this whale activity coincided with a staggering 1.06 trillion Shiba Inu addition to exchange reserves. The net change in the SHIB balance suggests that the whale transactions were actually large holders moving their holdings to exchanges. While this does not directly translate into sell-offs, it puts pressure on the Shiba Inu supply, as holders could easily exchange them for stablecoins, fiat, or other cryptocurrencies. As such, Santiment advised caution, noting that SHIB could see increased volatility in the coming days. Remarkably, Shiba Inu has already seen notable price moves over the past 24 hours. The meme coin joined a broader rally yesterday, spurred by Bitcoin’s brief climb to $94,000. SHIB moved from an intraday low of $0.00000842 to a high of $0.00000905, representing a 7.4% growth. However, it pulled back slightly to close at $0.00000873. So far today, it has further relinquished most of those gains, dropping 1.49% to its current price of $0.00000859.
#CryptoNewss

Paul Atkins Says Most Crypto ICOs Are Beyond SEC Oversight.

#SEC Chair Paul Atkins stated Tuesday that most initial coin offerings (ICOs) should not be classified as securities.

His comments indicate a potential regulatory shift that could reinvigorate a fundraising method long constrained by federal oversight.

Speaking at the Blockchain Association’s policy summit, Atkins noted that many ICOs fail to meet the legal criteria defining a security. Consequently, they fall outside the jurisdiction of the Securities and Exchange Commission.

He explained that these offerings involve token types that “do not fit” the agency’s definition of an investment product, placing them beyond the SEC’s reach.

Atkins based his remarks on a token taxonomy he introduced last month. The framework divides digital assets into four categories, distinguishing between those that function like investments and those that do not.

According to Atkins, three categories — network tokens, digital collectibles, and digital tools — do not exhibit the characteristics traditionally associated with securities. Consequently, they merit distinct regulatory treatment.

Only the fourth category, tokenized securities, falls squarely under existing SEC rules.

Atkins further suggested that oversight of the remaining categories fall under the Commodity Futures Trading Commission (CFTC). The commission has historically employed a lighter-touch regulatory approach.
#Crypto

The U.S. #SEC has officially closed its two-year investigation into Ondo Finance without recommending charges.
This move marks one of the latest reversals of a Biden-era action against a digital asset firm. Notably, the probe went live in October 2023 under former SEC Chair Gary Gensler. It focused on whether Ondo violated securities laws while tokenizing U.S. Treasuries and whether its ONDO token should be treated as a security.
#CryptoNewsFlash

#XRP Reaches $1,000,000,000 Milestone in No Time: #Ripple CEO.
Garlinghouse called attention to this feat in a recent post on X, confirming that the four XRP ETFs reached this milestone in less than four weeks. The Ripple CEO then commented on the growing list of spot and futures crypto ETFs since the spot Bitcoin products launched in 2024, with the U.S. SEC approving more than 40 of these products this year alone.
According to him, the surge in crypto ETFs shows clear, growing demand for regulated crypto asset products. He explained that Vanguard’s decision to open crypto access within standard retirement and trading accounts now allows millions of Americans to enter the market without needing deep technical knowledge. Garlinghouse also stressed that this rising wave of “off-chain” crypto holders cares more about underrated themes like longevity, stability, and community. Essentially, these factors increasingly guide how new investors think, what they trust, and how they decide which projects deserve their commitment. Since the Ripple CEO’s disclosure just hours ago, the XRP ETF products have added more capital to their net assets following the $30.04 million worth of inflow from Monday, Dec. 8. Today, the products now hold 597.093 million XRP tokens, currently worth $1.230 billion at the current XRP price of $2.06. XRP’s push to the recent milestone began on Nov. 13 with the success the Canary Capital XRP ETF recorded on its debut day. Specifically, XRPC saw about $245 million in net inflows, setting the stage for the successes of the other three products from Bitwise, Grayscale, and Franklin Templeton. Of the $1.230 billion cumulative NAV, Canary’s product takes the largest share, boasting 335.889 million XRP worth $691.93 million at press time. Essentially, Canary makes up 56.2% of the cumulative net assets of all four funds. Meanwhile, the Grayscale XRP ETF accounts for 104.381 million XRP worth $215 million or 17.47% of the total.
#Crypto

#SEC Chair Says Tokenization Could Transform U.S. Financial System Within “Couple of Years”.

The U.S. financial system may transition to blockchain far sooner than many expect, according to SEC Chair Paul Atkins.

Speaking to Fox Business, Atkins said the U.S. market structure is undergoing rapid change as blockchain and electronic trading continue to mature. He noted that these advances are reshaping how participants view settlement, risk, and transparency.

Building on that point, Atkins suggested the move to blockchain could arrive within a few years rather than a decade. He emphasized that tokenization is emerging as a central feature of this shift, with digital representations of assets poised to enter mainstream finance.

This growing interest in tokenized systems, Atkins explained, stems from their potential to streamline key market functions. He said, for instance, that blockchain-based settlement can improve clarity and reduce the risk of delays between trading, payment, and final settlement.

As he described, these benefits could support both institutional and retail participants. By tightening settlement windows and providing clearer audit trails, on-chain systems can contribute to a more efficient and predictable market environment.
#Crypto

#XRP Price Could Reach $18.95 if $1T is Added to XRP Market Cap. Despite the ETF’s impressive performance, XRP has declined considerably on the back of a broader market pullback. This pullback has pushed Bitcoin (BTC) below the pivotal $100,000 support. Amid the downtrend, which picked up on Nov. 11, XRP has lost $14.63 billion from its market cap, which has since collapsed to $137.12 billion. Notably, a recovery effort from the broader market could help XRP’s prospects, possibly pushing its market cap to previous highs. For perspective, XRP’s all-time high market cap currently sits at $216.69 billion, which it attained on July 18, when the price reached a peak of $3.66.
With the current valuation of $137.12 billion, XRP has lost $79.57 since that market cap high. Meanwhile, amid suggestions of a possible recovery, we recently assessed how much the XRP price could be if it not only recovered this lost valuation but added $1 trillion more.
For context, Bitcoin is the only cryptocurrency that has ever crossed the $1 trillion market cap level. It first attained this level in February 2021, soaring to $1.3 trillion at the peak of the 2021 bull market. However, it lost the $1 trillion level as the bear market emerged, dropping to $297 billion in November 2022. Today, BTC has reclaimed the $1 trillion mark, with a current valuation of $1.92 trillion. If XRP adds $1 trillion to its current market cap, its new valuation would sit at $1.137 trillion, still much lower than Bitcoin’s market cap. With 60 billion tokens currently in circulation, a valuation of $1.137 trillion would place the XRP price at a new all-time high of $18.95, edging toward the $19 region. Interestingly, the $19 target has been a recurring theme within the XRP community. For instance, in August, market analyst Dr. Cat predicted that XRP could hit a price of $19 to $32 if the XRP/BTC ratio reclaims a range of 0.00007 to 0.00012 and Bitcoin itself claims a price of $270,000.

#Crypto