Lawmakers Push Regulators To Move Faster On The GENIUS Act
The GENIUS Act became law in July and now lawmakers want regulators to move quickly so the rules are ready on time. During a hearing in the House Financial Services Committee on the second of December members of Congress asked for clear updates. Republican member Bryan Steil said he only wants to make sure everything is finished before the deadline. He pointed out that in the past some laws were passed but the rules took too long to come out.
The GENIUS Act gives regulators one full year to write the final rules. The goal is July twenty twenty six with a possible extension into twenty twenty seven. The bill lays out how payment stablecoins should work in the United States. Each stablecoin must hold one to one backing in dollars or in very safe assets like Treasury bills. Large issuers with more than fifty billion dollars in coins must also publish yearly audits. Several federal agencies must then release clear guidance after they finish the rule making process.
The hearing included updates from the Federal Reserve the FDIC and the Office of the Comptroller of the Currency. These groups all play a part in turning the law into real rules that companies must follow. The chairman of the committee French Hill said he is proud of the progress so far. He said the United States needs clear and simple rules so the digital asset market can grow in a safe and open way.
The acting head of the FDIC Travis Hill said they are already working on their part of the rules. He said they plan to publish a proposal before the end of December and hope to complete it in early twenty twenty six. This includes rules on liquidity and capital for stablecoin issuers along with other key requirements.
Not everyone agrees on the best way forward. Democrat Bill Foster warned that interest paying stablecoins could hurt small banks. Maxine Waters raised another concern related to a possible conflict of interest involving the presidents family and their crypto holdings. These debates show that even with the law passed there are still questions about how it will shape the wider financial system.
For now regulators are under pressure to work fast. Lawmakers want the rules to be ready well before the deadline so the market has time to adjust. The GENIUS Act is a major step in setting stable standards for stablecoins and now the focus is on making sure the final details are simple clear and ready on schedule.
Binance has stepped into a new phase with Yi He now working as co chief executive officer beside Richard Teng. This change shows that the company wants to move in a steady and careful way. It is not only about fast growth now. It is more about trust clear rules and simple progress that feels safe for users.
In the early days Binance grew very fast. CZ who started the company pushed hard to build new products and reach new places. This helped the exchange become one of the biggest names in the crypto world. Many people joined and the platform became active day and night. But this fast rise also created many problems. Rules were not always followed and different countries began to question how Binance was working. The big case in the United States in 2023 and 2024 was a strong signal that things had to change. After that CZ stepped down and took responsibility for his part in the issues. Even after he later got a pardon the company had already started moving in a new direction.
When CZ left Richard Teng took over. He came from a background where he worked with rules and regulations. He understood how to deal with authorities and how to build systems that stay safe and simple. His main job was to make sure the company followed all the rules and worked in a clean and open way. Under his lead Binance slowed down its speed. The goal became fixing old mistakes and building a better base for users. He wanted Binance to be a place where people could trade without fear and where things worked in a clear simple way.
Now the company wants to balance this steady work with fresh ideas. Yi He has been part of Binance from the start. She worked with customer service and also helped shape many plans inside the company. Her new role is to bring new life into building products and helping the platform grow again but in a safe and simple way. So Teng will look after the rules and He will focus on building and improving. The two of them together will handle what CZ once did alone.
The market reacted quickly when this news came out. The price of BNB moved up. But this good moment also came at a time when Binance is facing a serious case in North Dakota. The case claims that the company and its past leader allowed money to reach dangerous groups. It includes more than three hundred people who say they were harmed. This case is heavy and has created a lot of pressure. It raises strong questions about what happened in the past.
Because of that this new leadership team is very important. The future of Binance will depend on how well Teng and He guide the company through this period. They need to rebuild trust with people and with the authorities. They need to show that Binance can grow in a steady and safe way. The promotion of Yi He shows that Binance wants a fresh start. It wants to move forward with care honesty and a simple focus on the users who depend on it every day. #Binance #CZBİNANCE #WriteToEarnUpgrade #CryptoNewss #cryptooinsigts
Chainlink went through a rough drop on Monday when the whole market turned weak. The price fell to around 11.74 which erased all the gains it made last week. Many traders thought the fall might continue but Chainlink showed a quick and steady recovery. The price has now moved up close to thirty percent from the low and is sitting near 14.61 at the moment.
This move looks strong when you see it on the daily chart. The price pushed above the recent lower high at 13.57. That gives a small early sign that buyers are trying to take back control. Even with this change the bigger trend is still not fully bullish. There is a tough zone above the chart between 15 and 16.6. This area has stopped price many times before and it will likely act as a wall again. For Chainlink to move with real strength this whole zone needs to become support. Till then the upside is limited. If the price drops again the main supports sit at 11.74 and 10.94.
The chart also shows that the buying volume is going up but not in a powerful way. The OBV line is climbing slowly which means buyers are present but not rushing in. The RSI has moved above fifty which shows some fresh bullish energy but nothing extreme. Because of this traders should not expect an easy break above 16.6 right now.
If you look at the one hour chart the short term picture looks more active. The price shows strong momentum and the RSI supports it. But there is also a small bearish divergence that warns of a short pullback. If that happens the price can fall back toward the 14.2 area which is the nearest support in this smaller time frame.
Liquidation data shows that Chainlink recently pushed through important zones between 13.6 and 15. Those levels had a lot of liquidations sitting there and the recent move swept them clean. There are more short liquidations above the current price but they are not packed tightly. This means the price can still rise a bit more because even small pockets of liquidity can attract price for short term moves. But again nothing suggests a sudden strong breakout until the volume improves.
The more likely path from here is a range. The price may move between roughly 14.2 and 15.4 for some time. These numbers are not exact but they match the current flow of the market. The buying pressure is steady but not aggressive and the trading volume is not showing the kind of strength that leads to big breakouts. The short term bearish divergence adds to this range view.
In simple words Chainlink has recovered well from Mondays fall and the mood looks positive again. But the market needs more volume and more clear buying pressure before any big move happens. For now traders should expect sideways action instead of a fast run toward new highs. #Chainlink #WriteToEarnUpgrade #cryptooinsigts #CryptoNewss
XRP spot funds move toward the one billion mark as demand grows and new staking options arrive
XRP spot funds in the United States have been on a strong run. They have seen twelve days of steady inflows and their total value has reached more than eight hundred forty four million. This makes them the fastest growing group in the market right now. If this pace continues they will soon cross the one billion mark. On the first day of December the funds drew almost ninety million. The next day they added more than sixty seven million. Big firms have also applied to launch their own XRP funds which shows rising trust in the asset.
Other major assets also saw movement. Funds linked to Solana are now above six hundred fifty million. Bitcoin and Ethereum funds stayed steady near their earlier levels. At the same time a new shift is taking place in the wider space.
XRP now has a way for holders to earn yield in a simple and clear form. A new system called Firelight has launched staking based insurance for the asset. For a long time XRP had no native way to earn steady return. Firelight plans to fix this by letting people stake their tokens to support insurance pools for apps. Many losses happen each year because of hacks and the new system gives the token a role in reducing these losses. It also gives holders a way to get real value by helping the system stay safe.
There is also a lot happening on the rule making side. The main regulator in the United States has blocked new plans to launch high risk leveraged funds. These products aim to multiply gains but also carry very high risk. The regulator sent warning letters to several firms and told them to reduce leverage or cancel their plans. The issue centers on a long standing rule that limits how much risk a fund can take relative to its base asset. Some of the new plans wanted to offer five times exposure which goes far beyond what rules allow. Even three times exposure faces close limits in this market. Because of this the regulator made it clear that these products do not fit the level of risk allowed for everyday users.
This rise in XRP fund inflows also happened at the same time as a strong move in the market. Bitcoin rose from eighty four thousand to ninety four thousand and this lifted other assets. Many short traders were forced to exit their positions which added more fuel to the rise. The central bank also paused its tightening steps and added more liquidity to the system. That mix of events helped create a sharp lift across the market.
Even with this rise the wider picture has not changed. The larger trend is still soft and markets are still dealing with uncertainty from major central banks. Some traders expect a rate cut in the United States but the timing is not clear. Conditions in Japan also add more pressure. Because of this the current move looks more like a short burst caused by fresh liquidity rather than a long term shift.
Arbitrum shows signs of recovery as network activity grows and price holds a key level
Arbitrum has been one of the main layer two networks that support the wider ecosystem. In the last day the token rose more than eleven percent as the whole market also saw a strong rebound. This rise came at a time when the token looked like it was forming a bottom while activity on the network kept rising. These two factors gave traders hope that the move could continue if demand stays steady.
The short term chart showed that the token may be forming a double bottom pattern. After falling to nineteen cents the price bounced back to twenty four cents. But twenty four cents is a strong level and traders see it as a neckline. A clean break above this level is needed for a stronger trend to start. Momentum also improved as the main indicator moved out of a weak region. It climbed into positive territory but the rise was still softer than what other tokens showed. Money flows also improved but buyers had not fully taken control as the main flow index was still in a light negative zone.
If the token breaks above twenty four cents it can move toward thirty one cents. This move will depend on demand staying strong and the wider trend staying stable. In terms of real use the network is showing very strong signs. Activity on the chain grew more than one hundred percent in the last week. The number of active users crossed two million which was a sharp rise. This was one of the strongest growth numbers among chains that work with smart contracts.
The rise in activity also matched a rise in developer work on the chain. Developer activity climbed to a three month high which usually points to growing interest from builders. More activity also pushed trading volume up across apps that run on the network. More than nine hundred apps are active here and together they saw more than one point two billion in daily volume. This shows that people are using the chain for real work and not only for trading the token.
The total value locked on the chain stayed stable and rose by around seven percent this month. It moved to more than six point five billion which shows steady trust from users and projects. The perpetual futures volume and decentralized exchange volume stayed flat in the past day but both had seen sharp rises in past weeks which means traders are active even if short term numbers paused.
At this stage traders are watching the twenty four cent level closely. A break above it can open the path for a move toward higher levels. If the token fails to move past it the price may stay in the same range for some time. The network numbers look strong and the recent rebound shows clear interest but the next move depends fully on how the price behaves near this key level. #ARB #ARB🔥🔥🔥 #cryptooinsigts #WriteToEarnUpgrade #CryptoNewss
Pump fun gains strength as supply drops and buyers stay active
Pump fun showed strong movement after holding a key support level. The asset fell to two point five but buyers stepped in and pushed the price back above three. This move set the stage for a steady rise and the token traded near three two at the time of the report. The daily gain was more than sixteen percent and the rise came with a big jump in trading volume which showed that interest did not slow down.
Buyers stayed in control even as many other tokens saw weaker flows. Data from the past month showed that buyers dominated most of the days. Eighteen out of thirty days had more buying than selling. This steady trend helped create a strong base for the token at the start of December. The buy sell delta turned positive and showed clear strength after a weaker period near the end of November. In simple words more people were buying than selling and that helped steady the market mood.
Spot volume also showed a clear pattern. In the past month buying volume reached more than twenty billion while selling volume was near seventeen billion. This created a positive gap of more than two billion which is a strong sign of ongoing accumulation. At the same time the supply of the token on exchanges kept moving down. Exchange holdings dropped from thirty eight billion to thirty three billion in two weeks. This was part of a longer trend that started months earlier when balances were near seventy two billion. When supply on exchanges goes down it often means that people are moving tokens to private wallets and holding them for longer. This tightens supply and supports price recovery.
Another major factor behind the rise was the team buyback program. Over the past day the team spent more than one point one million on buybacks. In total the team has now spent one hundred ninety five million. These buybacks removed more than forty five billion tokens from circulation. When supply goes down the remaining tokens can gain strength because there are fewer tokens available for quick selling. This also helps during fast market swings because the price has stronger support.
Momentum tools also pointed to growing strength. The main momentum index moved from an oversold level to a positive reading which showed that buyers were becoming more active. Another key index also moved up and showed that market strength was improving. With these signals traders are watching the next resistance levels closely.
If buyers stay active the token can move toward three seven and then try to reach four. But if the move fails or if people take profit early the price can fall back toward two eight which is a support zone that held earlier.
Pump fun showed clear strength with a sixteen percent rise after holding the three support. The steady buybacks and the drop in supply helped the rebound. Strong buying in the spot market added to the push and momentum is turning positive again. #pumpiscoming #Buyerseller #WriteToEarnUpgrade #CryptoNewss #cryptooinsigts
Solana gets strong support as new money flows in and price holds key levels
Solana had a strong day as new investment and rising interest pushed the price higher. The asset moved into a zone that traders watch closely and it is now near a level that can decide the next big move. At the time of the report Solana traded near one hundred forty two after a sharp rise. The move came as buyers showed more faith and the market turned more active.
A big reason for this fresh strength was a strong wave of money flowing into Solana funds in the United States. After a day of outflow these funds showed a total net inflow of more than forty five million. This number shows that large investors are still looking at Solana with interest. When big players put money into these funds it often helps lift the mood in the wider market. The inflow also came at a time when the price was showing early signs of a breakout which made it even more important.
Another sign of rising interest came from the futures market. The open interest in Solana jumped sharply in the past twenty four hours and moved above seven billion. A rise in open interest and price together means that new money is joining the trend. It shows that traders are opening more positions with the view that the upward move can last. This kind of rise often supports a strong trend because it shows active participation from both retail and larger players.
Charts now show a clear setup forming on the daily frame. The pattern looks like a double bottom which is a classic sign of a possible trend reversal. The price is sitting near the neckline of this pattern. If Solana closes above one hundred forty five on the daily chart it can start a move toward one hundred sixty nine which is around a sixteen percent increase from where it stands now. The strength of the trend also looks firm with the main trend indicator showing a strong reading.
Traders in the short term also seem to believe in the upward push. Most of the active positions are long positions. The main levels for liquidation are near one hundred thirty seven and one hundred forty four. At these levels long traders hold a large amount of positions showing they think the price will stay well above the lower side. This kind of build up often shows rising confidence because traders do not expect a sharp drop in the near term.
Some market analysts also shared charts showing that Solana has bounced well from a key weekly support area. They think that the pattern now forming could support a move toward the one hundred sixty to two hundred zone if the price holds steady in the coming days.
The picture at the moment is clear. Fresh money flowing into funds helped lift Solana. Rising open interest confirmed strong activity. The chart setup looks firm as long as the price stays above one hundred thirty seven. The next major step will depend on how Solana behaves near one hundred forty five because that level can decide if the move toward higher targets will start. #sol #solana #WriteToEarnUpgrade #CryptoNewss #cryptooinsigts
Digital money is moving fast and people are using it more every day
Digital money has reached a point where it no longer feels new. It is now becoming a normal part of how people send and receive value. The big push is coming from two sides. One side is stablecoins that are now used for large payments across many networks. The other side is euro backed tokens that are starting to look like a real digital version of the euro. Both are rising at the same time and both are growing faster than anyone thought a few years ago.
The use of euro backed tokens has grown very fast. The total value of these tokens is now close to one billion. This is a big jump from early twenty twenty three when the market was small and quiet. Today many groups issue their own euro tokens and this has created steady momentum. These tokens are now used in payment apps trading platforms and other digital tools that work with money. The rise shows that people in Europe want a simple digital euro that moves fast and works at any time.
This growth fits into a larger trend. There is strong interest in turning real world assets into digital versions that move on blockchains. Some reports say that this wider field of tokenization could grow from a small market today to a very large market by the early twenty thirties. Euro backed tokens are one early example of this change. They show how digital money can become as normal as any other online action.
Stablecoins are also having a huge year. The total amount of money moved with stablecoins in the past year has now crossed fifty trillion. This is a number that shows how common digital dollars have become. People use stablecoins for trading savings and payments across the world. Some chains are growing fast but one network still handles more of this activity than any other. It has become one of the main paths for digital money and its use is still rising.
Reports show that each new quarter sets a new record. In the fourth quarter the amount of stablecoin transfers has already passed the full total of the previous quarter even with weeks left to go. This rise has been steady for more than a year. The network handled around three to four trillion in early twenty twenty four each quarter. Now it is more than double. This shows that digital payments are moving at a speed that old systems cannot match.
The picture is clear. Digital money is not just a small trend. It is becoming a real part of how the world moves value. Euro tokens are close to one billion. Stablecoin payments passed fifty trillion. People and companies are using these tools because they are fast simple and open at all times. This shift is still early but it already feels like a permanent change in how money works. #StablecoinRatings #CryptoRally #WriteToEarnUpgrade #CryptoNewss #cryptooinsigts
YGG has started a new step for its community by building more features inside YGGPlay Fun This is not only a news place It is now turning into a full home where players can find quests games rewards and updates in one simple space
Many players often look for games that match their style Some want action Some want stories Some want team play YGGPlay Fun will now help players find the right game without stress The website shows games in a clean way so players can understand what each game offers This helps both new players and old players who want to try something different
Another new part of YGGPlay Fun is easy quests Players can join tasks in a few clicks They do not need to search in many apps Every quest will show steps rewards and time needed This helps players stay active in the YGG world and also learn more about web3 games in a simple way
The website makes it easy to keep a record of what players do They can see finished quests rewards they earned and quests they want to join next This helps players stay on track and feel more connected to the platform
YGGPlay Fun also gives space for game creators They can share updates about their games in one place Players who follow those games can see everything together This makes the link between creators and players stronger and smoother
There is also a section where players can see what is trending Many players like to know what others are playing YGGPlay Fun shows games that people are enjoying This helps players choose something new without guessing
The platform works well on phones and computers Players can check quests at home or outside They do not need heavy steps Everything is made simple so the focus stays on playing and having fun
This new direction helps the YGG community grow Players can learn discover and earn in the same place YGGPlay Fun becomes more than a website It becomes a small hub where the gaming journey starts and continues in a clear and easy way
Will more people sell BTC Peter Schiff talks about his biggest Bitcoin mistake
Peter Schiff says he made a big mistake about Bitcoin. He says he did not understand how many people would rush into it. He thought people would not put their money in something that he believes will not work. He now says his biggest mistake was that he did not expect this level of fear of missing out
Schiff has been saying for many years that Bitcoin will crash. In twenty eighteen he said Bitcoin would fall to seven hundred fifty when it was around three thousand eight hundred. But Bitcoin kept going up. It later went above one hundred twenty thousand before moving back to around ninety thousand. That is still a huge rise
Even now Schiff says Bitcoin has no backing and has no real worth. After Bitcoin lost its gains in early twenty twenty five he again said the top Bitcoin holding plan is fraud. Still crypto use keeps growing around the world
In twenty twenty five the APAC region had the highest use of crypto. India Pakistan and Vietnam were the main countries. On chain value in this region went from one point four trillion to two point three six trillion. Latin America and Sub Saharan Africa also grew because people use crypto for sending money and for daily payments
Bitcoin was the most bought asset in this period. Ethereum came second. Reports say Bitcoin brought in more than one point two trillion in fresh money which is much higher than ETH. Spot Bitcoin ETFs which started in the United States in twenty twenty four also helped. They brought in more than fifty eight billion. BlackRock leads this area. Big groups like JPMorgan also see Bitcoin as digital gold and a long term safe place for value
With large groups joining and with more people using Bitcoin across the world it is hard to agree with Schiff when he says Bitcoin is nothing. He still says people who buy it are fools. But the rise in global use tells a different story. #BTC #bitcoin #cryptooinsigts #CryptoNewss
Firelight Launches XRP Staking on Flare with stXRP for DeFi Insurance
Firelight has started a new XRP staking program on the Flare network. The system gives users a liquid token called stXRP that can be used across the Flare ecosystem. The goal is to let XRP holders earn rewards while offering DeFi protocols an insurance option against hacks and failures
This launch is the first phase of the plan. Users can bridge XRP to Flare using the FAssets system and deposit FXRP which is Flare’s wrapped version of XRP into Firelight. In return they get stXRP at a one to one rate. Right now stXRP can be used on decentralized exchanges lending platforms and liquidity pools but staking rewards are not active. Firelight expects rewards to start in Phase 2 if DeFi protocols decide to use the insurance system and pay for coverage
Firelight’s approach is inspired by restaking. Restaking is a way to reuse crypto assets to secure applications. Unlike early Ethereum attempts Firelight focuses on assets with a lower cost of capital such as XRP. Firelight’s strategy is to use stXRP to provide insurance for top DeFi protocols where proper risk management matters. Participants in the initial vault also get Firelight Points. These points reward early users before the Phase 2 launch
Connor Sullivan Firelight’s chief strategy officer explained that the system works best if DeFi protocols buy the insurance cover. Firelight is supported by Sentora its main technical contributor. Sentora was created from the merger of IntoTheBlock and Trident Digital and has experience working with DeFi protocols to manage risk and liquidity. Sullivan said their clients are mainly institutions that want to earn yield through DeFi but need protection against failures
The Firelight system is built on Flare but it can work with any blockchain. If a covered event happens a claim is submitted by a designated agent and reviewed by an independent group. If approved payouts are automatically sent through onchain contracts
Firelight is currently focused on building liquidity for the insurance module. Full functionality including staking rewards is expected to be available in Phase 2. The rewards will come from fees paid by protocols that use the cover. Firelight wants to balance staker returns with the cost of insurance for the protocols
Overall the launch gives XRP holders a new way to earn rewards and helps DeFi protocols manage risks. The project combines staking with insurance and aims to expand across the DeFi ecosystem as more protocols adopt the cover system #Xrp🔥🔥 #XRPUSDT🚨 #CryptoNewss #cryptooinsigts
Yield Guild Games or YGG has moved all its news and updates to a new website called YGGPlay.fun This is where players and community can now get all information about YGG projects events and activities in one place
YGG helps players earn through games in the web3 space The guild gives tools and support to players so they can play games and earn rewards It works with players around the world and helps them get started in web3 gaming By moving news to YGGPlay.fun YGG wants to make it easier for everyone to know what is happening and stay updated
Before YGG shared news on different platforms and social media This made it hard for some players to find the right news Now everything is on one website YGGPlay.fun Players can read about new games launches updates and events The website also tells about quests and challenges where players can earn rewards
The website is simple to use It works on phones and computers so players can check news anytime The goal is to make it easy for players to see what is new without searching in many places YGG wants players to focus on games and community and not worry about looking for news
This change also shows that YGG is planning for the future The guild learned from its early days and now wants to work in a more simple organized way Instead of using other platforms for news YGG now has its own place for updates This will help the community get correct news on time
YGGPlay.fun will show all important parts of YGG Players can learn about new games join quests and see how the guild helps the community It is also good for new players who want to start in web3 gaming The website gives all information in one place so it is easy to understand and follow
The website also makes it easy to trust the news Players know that all updates come from YGG The site will have news about game launches events partnerships and rewards programs Players can see what is happening and join activities they like
By putting all news on one website YGG is making it simple and clear Players have one place to check news and see what is new This will keep the community connected and help new players learn about web3 gaming and the guild
YGGPlay.fun will grow with the guild More information about games events and learning will be added over time Players will always have one place to see news This will make it easy for everyone to follow YGG and take part in its activities
This move is good for YGG and its players The website is simple and clear Players can get information join quests and events without looking in many places The guild can now share news in one place and help the community stay informed
YGGPlay.fun also shows that the guild cares about its players The website gives clear news and helps players stay updated It also helps new players understand how to join games and earn rewards The website will stay the main place for all news and grow as YGG adds more projects
The website makes it easy for the guild to share information and support players all over the world Players now have one place to check news learn about games and join events This will help YGG grow and keep the community together
In short YGG moving all news to YGGPlay.fun makes it easy for players to know what is happening The website is simple clear and safe Players can check updates learn about games take part in events and earn rewards All news is now in one place and the community can follow YGG in a simple way
YGGPlay.fun will continue to be the main hub for all updates The website will grow with the guild and players can always find news about games rewards and events This change makes it easier for everyone to stay informed and enjoy web3 gaming with YGG
The guild now has one place for news and updates Players have a clear way to check what is new The website is easy to use and gives all information in one place Players can stay updated and join the activities they like
By moving news to YGGPlay.fun YGG shows it is focused on helping players and building a strong community The website is simple and everything is easy to find Players can now enjoy games take part in quests and see what the guild is doing without confusion
In the future YGGPlay.fun will have more information about games events and learning The website will stay the main place for all news Players can always visit it to know what is happening and join the community
This move keeps everything simple and clear Players now have one place to check news learn about games take part in events and earn rewards The guild can share updates in a simple way and help its community grow Players will always have a place to see news and know what is happening with YGG
American Bitcoin shares drop sharply after token lockup ends
American Bitcoin, the bitcoin mining and accumulation company co-founded by Eric Trump and Donald Trump Jr., saw its stock fall sharply after a portion of shares became unlocked. The company trades on the Nasdaq and recently completed a merger with Gryphon Digital Mining. The lockup expiration allowed early investors to sell their shares freely for the first time. This created high volatility in the stock price.
On Tuesday the stock opened near three dollars and fifty eight cents. Within the first hour, it dropped to a low of around one dollar eighty. By the end of the day, the stock closed at two dollars nineteen, marking a daily decline of almost thirty nine percent. Google Finance data showed that the initial drop reached nearly fifty percent in the early trading hours. Eric Trump acknowledged the volatility on social media, explaining that it was expected because the private placement shares had become available for sale. He also said that he plans to hold on to his own shares.
The company has reported strong fundamentals. In the third quarter revenue rose to sixty four point two million dollars from eleven point six million dollars in the same period last year. Net income increased to three point five million dollars from a loss of six hundred thousand dollars the year before. The CEO Michael Ho said that the company had more than doubled its mining capacity and revenue while improving gross margin by seven percentage points quarter over quarter.
American Bitcoin is also expanding its bitcoin holdings. As of November thirteenth the company reported having around four thousand ninety bitcoins in its treasury. This includes coins held in custody or pledged for miner purchases. Despite these strong numbers the stock has been in decline since reaching a peak of nine dollars thirty one in September. From that peak the stock has fallen about seventy six and a half percent. The decline reflects wider weakness in crypto related equities as the overall digital asset market remains soft.
Analysts point out that future equity unlocks could continue to affect the stock. Brian Dobson from Clear Street noted that additional unlock periods are scheduled for 2026. He advised investors to watch these upcoming expirations closely as they could create further volatility. The pattern seen with American Bitcoin is similar to other crypto related companies which have seen their shares drop as market sentiment remains cautious.
In simple terms the stock’s sharp fall was caused by early investors being able to sell shares for the first time. The company itself continues to grow revenue and expand bitcoin holdings. Eric Trump and company leaders remain confident in the long term value of the firm. Investors are watching closely to see if the stock can stabilize or if more selling occurs as new lockup periods end. #americacrypto #BTC #bitcoin #cryptooinsigts #CryptoNewss
Aave community debates rolling back its multichain push
The Aave community is having a serious talk about changing its wide expansion plan. For years Aave tried to launch on almost every new chain. The idea was to grow fast and reach users wherever they were. Now the team and the wider community are not sure this plan still makes sense.
Aave is one of the biggest lending projects in crypto. It started in twenty eighteen and today it holds most of the lending activity on Ethereum. Over time it spread to many chains. This includes several Ethereum Layer 2 networks and a number of other main blockchains. The goal was simple. Reach more users and grow the project across different parts of the crypto world.
But this wide reach also brings extra work and extra risks. Every chain needs support. Every chain needs checks and updates. If a chain does not bring in enough activity or income then the cost of running it becomes too high. That is why the Aave Chan Initiative started a new discussion. They say some Aave deployments do not bring enough value and it might be time to shut down the ones that do not work.
They pointed to three chains first. These are zkSync Metis and Soneium. These chains have very low activity for Aave. The amount of money locked there is small and the income is also too low. For example Metis makes around three thousand dollars a year. Soneium makes around fifty thousand. This is nothing compared to Aave on Ethereum which makes more than one hundred forty two million a year. Even Aave on Base makes a few million with a much smaller user base.
The team also said that some chains need extra engineering work when adding new assets. With the work Aave already does this extra effort is not worth it for chains that do not bring results.
Because of this the ACI suggested new rules for future expansions. One rule is that any new chain should make at least two million dollars a year. They also suggested a new system for some small chains that would lock stablecoins or other tokens to increase income if needed.
They also listed other chains that may need a closer look. These include Polygon Gnosis BNB Chain Optimism Scroll Sonic and Celo. Some of these may keep running but with new rules. The early vote on this idea ends on December five. So far all votes support reviewing the current multichain plan.
Not everyone agrees on how far this change should go. Aave governance adviser TokenLogic says the three low performing chains should be removed. But they believe other chains like Polygon BNB Chain and Optimism are still important. ACI co founder Marc Zeller also said chains like Celo have many users and need little work so they might stay.
Some members worry that Aave could shrink too much if it leaves too many chains. They say being on many networks helps Aave reach more people. They also note that new chains sometimes reward early partners which has helped Aave before.
If the early vote passes the next steps will be a formal comment stage and then a final vote. For now the community is trying to decide if Aave should stay wide or focus on fewer stronger chains. #AAVEUSDT #AaveProtocol #cryptooinsigts #CryptoNewss
Bitcoin moves back toward the ninety three thousand level as short pressure builds
Bitcoin is moving toward the ninety three thousand area again and the market is showing signs of rising tension. This is the same level where price faced a strong rejection last week. Now new data shows that short traders are building positions in the same zone. These positions sit tightly together on the liquidation map and can cause a fast reaction if price keeps moving up.
The liquidation heatmap shows a cluster of short liquidations between ninety two point five thousand and ninety four thousand. This is a sign that many traders are betting against the price. When these short positions are packed together any rise can force them to buy back their positions. This forced buying can create a squeeze and push the price even higher. It does not even need fresh demand. It only needs the price to hit the cluster and trigger the liquidations. Bitcoin has shown this pattern in earlier cycles and those moves were often quick and sharp.
The return to this zone shows that traders have not forgotten the previous rejection. Last week sellers pushed Bitcoin down hard from this same level. Now as price climbs again the market may be setting up for either a clean break or another failed attempt. The outcome will shape the mood for the coming weeks.
Technical signs on the daily chart support the idea that Bitcoin might push through. The price moved above the twenty day simple moving average near ninety point five thousand. This line has been a problem for Bitcoin during the last two weeks. Moving above it often signals a short term shift in direction. Along with that the Bollinger Bands are starting to widen. When the bands expand it often shows that volatility is returning after a quiet period. The upper band is close to ninety seven point nine thousand which gives Bitcoin space to rise if buyers stay active.
The strong daily candle today also helps the case for a push upward. It broke out of a range that lasted for a few days. Buyers stepped in at the lower band near eighty three thousand last week and stopped the drop quickly. That bounce lined up with long liquidation pockets which added strength to the move. Since then the price has climbed steadily back toward the current zone.
The most important area is between ninety two thousand and ninety four thousand. It holds a mix of short liquidations rising volatility and key technical signs. If Bitcoin breaks through with force a quick move toward the upper band could follow. A short squeeze would support this kind of rise.
Still the risk remains. This same region sent Bitcoin down last week. If sellers show up again it will confirm the area as strong resistance. That would make it harder for Bitcoin to break through as the month continues.
Chainlink demand zone shows first signs of a steady rebound
Chainlink is showing early signs of strength as more tokens leave exchanges and move into private wallets. This steady outflow shows that traders are holding instead of selling. When people take their tokens off exchanges it usually means they want to keep them for a while. This trend has built up near an important demand zone where price reacted a few times. Because of this the area looks stronger now and traders are watching it closely.
Even with this positive sign Chainlink still needs more follow through. Buyers need to keep supporting the price each time it pulls back to this zone. If they do the shrinking supply can help boost confidence. As long as there are no sudden inflows the demand zone stays healthy.
The buyer side also looks active. The Taker Buy CVD chart shows that buyers have been stepping in again and again. Each time the price gets close to support buy orders show up and absorb the sell side. This keeps the market more stable and helps shape a double bottom pattern. If this buying pressure continues Chainlink can move toward the next area of interest near the thirteen point four nine level.
Large traders also seem to be involved again. The average trade size on spot markets has grown which is a sign of whale activity. These bigger players tend to enter early near important zones. When whales buy after dips it adds weight to the idea of steady accumulation. Still the price needs more constant action from buyers for a solid shift. It cannot depend only on a few large trades. Even so the return of whales near this zone adds support.
A double bottom pattern seems to be building. The second low is forming in the same demand zone between eleven point five zero and twelve point two zero. This is the area buyers have defended many times. The zone lines up with outflows and whale interest which makes it even more important. If Chainlink reacts well from here the move toward thirteen point four nine may happen faster.
There is also another spark in the market. A Chainlink based ETF is getting closer. This gives more people a simple way to gain exposure. New interest often enters the market when an ETF goes live. It can bring more attention and more activity. Still the ETF alone cannot drive the whole trend. The technical support under the price must stay firm. So far the demand zone looks steady which makes the ETF news even stronger.
Overall Chainlink is showing a mix of early positive signs. Outflows are deep. Buying pressure is active. Whale orders are growing. The demand zone is holding and a double bottom may be forming. With the ETF news building up the chance of a rebound looks higher. Chainlink can move toward the thirteen point four nine level if buyers stay firm at support. #ChainlinkUpdate #Chainlink. #CryptoNewss #cryptooinsigts
Are Bitcoin ETF inflows finally back after the IBIT jump
Bitcoin made a strong move at the start of December. The price climbed more than eight percent in one day and moved above ninety three thousand dollars. This rise came after new money flowed back into spot Bitcoin ETFs. The biggest part of this came from the IBIT fund which pulled in one hundred and twenty million dollars in a single day. Two other major funds also brought in smaller inflows. One fund had twenty two million and another had seven point four million. Only one fund saw large outflows which cut the total daily gain to about fifty eight and a half million dollars.
Even so the day marked the fifth day in a row of positive ETF inflows. This steady return of money helped keep Bitcoin above eighty thousand dollars during a period when the market looked shaky. Many traders are now wondering if this could be the start of a holiday style rally or if other global risks could slow things down.
Some analysts say the inflow jump happened because a major global asset manager opened access to Bitcoin ETFs for millions of its users on the second of December. This move unlocked a huge pool of new interest. Early trading volume in IBIT was very strong which showed that many conservative long term investors were ready to add some crypto exposure to their portfolios. One analyst said that these new buyers may have helped stop a larger price fall that was building in the final quarter of the year.
Other experts pointed out that the larger global picture is also helping risk assets. They said that tightening by the central bank in the United States is slowing down. They also said that the flow of cash out of markets may be easing. When this happens risk assets like crypto often see stronger demand. They also noted that this market looks better for breakout trades than for buying dips without confirmation.
Right now many traders are watching the ninety eight to one hundred thousand range. This area acted as strong support in the past. It also became the cost area for many bullish buyers earlier in the year. During the recent fall this zone was broken which means it may now act as a target or resistance. If the price returns to this area some traders may choose to sell to break even. If enough demand returns at that point the price could climb further.
Another research group said that the market may be setting up for a tactical recovery in mid December. They noted that earlier liquidity wipeouts were often followed by rebounds after one to three weeks. That pattern may repeat this time as well.
But there is still one big risk. The Japanese central bank is close to raising rates later this month. Many traders used the low rate environment in Japan to borrow money cheaply and invest in higher return markets. If that trade unwinds it can pressure global assets including Bitcoin. There is a strong chance the bank will raise rates in the meeting on the nineteenth of December.
In short ETF inflows have returned and helped the price recover. The broader market picture is improving too. But global risks remain and the path to one hundred thousand dollars depends on how these forces play out. #ETFvsBTC #BTC #bitcoin #CryptoNewss #cryptooinsigts
Why XRP whale demand is rising while the price still looks weak
XRP has had a rough start to December. The coin fell below two dollars after the market crash on the first of the month and touched a low near one point nine zero. It later made a small rebound and moved back to about two dollars. Even with this small bounce the price is still down on both the daily and weekly charts. The weak price gave large holders a chance to buy more and they did not waste the moment.
Whale activity has been high for a full month. Data shows that the average size of spot orders stayed large for thirty straight days. When this kind of data appears it usually means whales are taking part in the market in a big way. The key question is whether they are buying or selling. In this case most signs point toward buying. For three weeks the spot taker trend stayed in the green which means most of the orders hitting the market were buy orders. This shows steady whale accumulation even while the price looked soft.
There is also a shift in how big wallets are behaving. The number of wallets that hold one hundred million XRP or more dropped by a little over twenty percent in eight weeks. That seems like a bearish signal at first but the total amount held by this group actually rose to forty eight billion XRP. This is the highest level in seven years. That tells us that fewer large wallets now hold a bigger share of the supply. The ownership is becoming more concentrated and these wallets are building their positions instead of reducing them.
At the same time whale movement to trading platforms stayed low. The flow of whale transfers to platforms stayed near one thousand a day for a month. This shows that whales are not looking to sell. Instead they are keeping tokens in their own wallets which fits the picture of a long term buying phase.
Even with all this whale interest the price charts still look weak. Technical signals show that the market is under bear control. One key signal is the Relative Vigor Index which made a bearish cross and dropped below zero. This means that downward pressure is still strong. It also means buyers have not gained enough strength to flip the trend. For traders this creates a risky setup because the price can test lower support levels again.
If this pressure continues XRP may fall below two dollars again. There is some support near one point nine but that may not hold if sellers stay active. On the other hand if whale demand becomes strong enough at current levels XRP could recover toward two point two and aim for two point five over time. The market needs clear proof that buyers can overpower the sellers before any real shift can take place.
In short the number of very large wallets has fallen but their total holdings reached a seven year high. This shows that whale interest is strong but the market structure is still weak. The next move for XRP depends on whether this demand can overcome the bearish pressure around the two dollar level. #Xrp🔥🔥 #XRPWhales" #cryptooinsigts #CryptoNewss
Why record crypto VC funding has raised a bigger question
The crypto industry just hit a major milestone. New data for November shows that crypto VC funding reached a record fourteen point four eight billion dollars. This is more than double what came in two months earlier and far above the levels seen in mid year. For many people this looks like a strong sign that big money trusts crypto again. It also shows that crypto is gaining more space in global finance.
But there is a problem hidden inside this good news. A lot of people worry that this growing flow of money may weaken one of the main ideas that built the crypto world. That idea is decentralization. Many early builders wanted a system where no single group could control the whole space. Now the fear is that very large investors might take that control.
One of the voices raising this concern is Ray Youssef. He says that the rise of big institutional investors could shift the market in a way that leaves less room for small builders. He feels that the ecosystem is no longer growing in a natural way. Instead he says that a few very large funds are now able to push the market in any direction they want. This means they might choose which projects rise and which fall. If that happens real innovation could slow down and crypto could drift away from its original purpose.
Ray says that this shift shows two things. It means crypto adoption has reached every corner of the world. But it also shows that the role of normal users might shrink. He says that if big investors take over then crypto might not help regular people the way it was meant to.
On the other hand some analysts say the headline numbers are not telling the full story. They say the record month was boosted by one very large deal. If that deal is removed the overall picture looks weak. In fact the number of VC deals fell sharply from the previous month and also compared to last year. So the rise in total funding does not mean the whole industry is growing. It mostly means that a single large group made one very big move.
More research shows that the month was shaped by a few large corporate actions rather than wide interest from many investors. This suggests that the market is still recovering and the recovery is not smooth. Some parts of the industry like Web3 tools NFTs and games are still seeing very small checks. Many builders in these areas are struggling to raise money.
There is also a shift in where the money comes from. The United States is now taking a bigger share of global crypto investment. This is helped by rising political support for blockchain tools. This trend may set the stage for the next growth cycle even if the current numbers are uneven.
In the end the record fourteen point five four billion dollars in November does not show a strong market. It shows that one huge corporate move pushed the numbers up. It also shows that big institutions want more control over crypto systems. The question for the future is whether this will help crypto grow or slowly pull it away from its core idea of giving power back to the people. #CryptoFunding #question #CryptoNewss #cryptooinsigts
YZi Labs tries to take control of a major BNB treasury firm
A fresh corporate fight has started as YZi Labs the firm linked to CZ moves to take control of a public company that holds a very large BNB treasury. The company is known as BNC and it manages one of the biggest declared BNB holdings in the world. The move from YZi Labs has raised many questions about why this battle started and what they want to change.
YZi Labs has sent a formal request to all BNC shareholders. The request was filed with regulators and asks for support in changing how the company is run. YZi Labs wants to add more seats to the board. They also want to bring in their own people and remove the rules that the current board put in place this year. These changes would give YZi Labs a clear path to guide the company.
The tool they are using is called a consent action. This means they are asking shareholders to agree in writing without waiting for a normal meeting. If they get enough support they can make the changes right away. This makes the fight urgent because the control of the board can shift very quickly.
The main reason behind this dispute is the sharp drop in BNC share value. Some months earlier BNC raised a lot of money to shift into a digital asset treasury role. YZi Labs took part in that round. They now say the company failed to take advantage of that move. They point to weak performance unclear plans and slow progress.
Another issue raised by YZi Labs is the lack of clear reporting. They say the company has not shared simple numbers with investors such as the current value of its holdings the yield it earns or how fast the treasury grows. They also note that the company uses two different names which they say causes confusion and reduces trust.
YZi Labs has also raised concerns about how the treasury is managed. They believe that some people linked to the company may have a conflict of interest. They say this setup holds back good decisions and puts the treasury at risk. They feel that this will push the value of the company even lower if nothing changes.
The heart of the battle is the huge BNB treasury. It holds over four hundred million dollars worth of BNB based on recent prices. It also holds a large amount of cash. Control of this treasury gives the board huge power and influence. This is why the fight has become so intense.
The final outcome will shape how this company moves forward. If YZi Labs wins they will be able to rebuild the team and reshape the direction of the firm. Many people in the market are watching to see if this becomes a new model for investor action in digital asset companies.
Right now the dispute is about more than leadership. It is about who gets to steer a major BNB treasury and how that power will be used in the future. #CZ #Binance #bnb #cryptooinsigts #CryptoNewss