🪙🚀New York financial regulator approves Ripple's stablecoin, Brad Garlinghouse

👀 Ripple's CEO said that RLUSD trading would be "available soon" on exchanges after the New York Department of Financial Services approved the stablecoin.

Ripple Labs CEO Brad Garlinghouse reported that the New York Department of Financial Services (NYDFS) has approved the firm's RLUSD stablecoin after months of consideration. Ripple executives speculated that the stablecoin could reach a market cap of $2 trillion by 2028.

☝️ The firm began testing RLUSD on the XRP ledger and Ethereum mainnets in August and announced partnerships with exchanges including Uphold, Bitstamp, Bitso, MoonPay, Independent Reserve, CoinMENA, and Bullish in October.

Garlinghouse appeared on a 60 Minutes segment aired on Dec. 8 to discuss the cryptocurrency industry's role in influencing the 2024 U.S. election.

✨️ Ripple is also involved in an ongoing legal battle with the U.S. Securities and Exchange Commission over XRP token offerings.

#XRP/USDT🔥🔥 #ripple #XRP🚀 #XRPBullRun #BTC☀️ $XRP

🚨🐋 Liquidations exceeded $1.7 billion after Bitcoin fell below $95,000 😫

The cryptocurrency market experienced a turbulent day following a sharp drop in Bitcoin below $95,000, which triggered massive liquidations.

In total, liquidations amounted to $1.75 billion in the last 24 hours, affecting more than 582,486 traders. This wave of total liquidations once again highlights the volatility of the market and the consequences of high leverage on long positions.

According to data provided by Coinglass, liquidations totaled $1.75 billion over a 24-hour period. This collapse primarily impacted long positions, with losses of $1.58 billion, while short positions accumulated losses of $171.2 million.

☝️Summary of liquidations for the most relevant cryptocurrencies:

✅️Bitcoin (BTC): $189.1 million in liquidations.

✅️Ethereum (ETH): $245.2 million in liquidations.

The drop in Bitcoin to $94,900 caused a domino effect that left thousands of investors with positions forcibly closed due to insufficient margins.

💡Comparison with historical liquidations.

This event is not the first to trigger a large number of total liquidations.

On December 5, liquidations of $1.1 billion were recorded, the largest amount since December 2021. At that time, a "leverage purge" eliminated thousands of excessively optimistic leveraged positions.

These episodes demonstrate that the crypto market remains highly susceptible to sharp movements and speculation with high leverage.

#bearstime #bullrun2024📈📈 #BullorBear #BTC☀️

$SOL

$BNB

$XRP

⚫️⚪️🚀🚀Takeoff #HIGH Completed Goal 8 🚀🚀
🌈🌈Medium to Long Term: Rise 📈 $HIGH Up 139% (Spot) 🌈🌈
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Goal 6: 1.694 ✅ Completed
Goal 7: 1.894 ✅ Completed
Goal 8: 1.247 ✅ Completed
🔥🔥Public release on November 18 for re-entry, average price 1.063! Spiked to 2.549 on December 7! 139% increase in 19 days (spot ratio) achieved our Goal 8! Congratulations to all the sisters who followed along and earned over 2576.19% (20X) returns!!! Remember to set BE, don't let the profits slip away. 🔥🔥
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Last night, a direct appointment by Trump forced Bitcoin, which was already expected to fall, to break through the 100,000 mark 📉📉 However, as I have mentioned, price surges driven by news are often unsustainable.
After a significant rise due to news, a violent drop is inevitable; this is basic trading knowledge. When Bitcoin broke 100,000 yesterday, many asked me to provide long positions, but I said I wouldn’t give long positions tonight. We must wait until Bitcoin stabilizes at 10 before considering any long positions tonight. Now you understand my deeper meaning, right?
The more the market experiences FOMO, the more we should be cautious ☝️
$BTC

$ETH

Last night, a direct appointment by Trump forced Bitcoin, which was already expected to fall, to break through the 100,000 mark 📉📉 However, as I have mentioned, price surges driven by news are often unsustainable.
After a significant rise due to news, a violent drop is inevitable; this is basic trading knowledge. When Bitcoin broke 100,000 yesterday, many asked me to provide long positions, but I said I wouldn’t give long positions tonight. We must wait until Bitcoin stabilizes at 10 before considering any long positions tonight. Now you understand my deeper meaning, right?
The more the market experiences FOMO, the more we should be cautious ☝️
$BTC

$ETH

@GMT DAO #BURNGMT Campaign :
600 Million GMT Buyback and BURNGMT Initiative:
Confidence and Strength: Emphasize how this initiative showcases the project's commitment to its community and long-term value.

Why Participate ? : Discuss the benefits for participants, like influencing the project's direction, potential value increase due to reduced supply, and the immediate reward of participating in the voting event.

Introduction to GMT Ecosystem Products and Partner Brands:
STEPN: Explain how STEPN integrates with the GMT ecosystem, focusing on how it uses GMT for its move-to-earn mechanics.
MOOAR: Detail MOOAR's role, possibly in gaming or another vertical within the GMT ecosystem, and how it benefits from or interacts with GMT tokens.

How Does the Vote Burning Mechanism Work?
60-Day Lock: Describe the voting process where users must lock their GMT tokens for 60 days to vote on whether or not to burn the 600 million GMT.
Reward Pool: Outline how participants earn from a 100 million GMT pool just by voting, encouraging long-term commitment to the project.

GMT Tokenomics and Burn Impact:
Token Distribution: Provide an overview of how the 600 million GMT was initially allocated among advisors, team members, and early investors.
Burn Impact: Analyze how burning these tokens can lead to deflationary effects, potentially increasing the value of remaining tokens, reducing sell pressure, and how it might affect the liquidity and market dynamics of GMT.

How to Participate in the BURNGMT Initiative:
Voting Steps:
Step 1: Lock your GMT tokens on the GMT DAO platform.
Step 2: Cast your vote on the burn proposal.
Step 3: Await the outcome and receive rewards based on your participation.
Engagement: Encourage sharing insights, predictions, or personal experiences with the GMT ecosystem to increase post engagement on social platforms.
Community Benefits: Discuss how active participation strengthens community governance, gives real voting power to token holders, and could lead to a healthier .

⚫️⚪️🚀🚀Takeoff #KAVA Goal 8 Completed 🚀🚀
🌈🌈Medium to Long Term: Rise 📈 $KAVA 🌈🌈
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Goal 5: 0.484 ✅ Completed
Goal 6: 0.544 ✅ Completed
Goal 7: 0.644 ✅ Completed
Goal 8: 0.744 ✅ Completed
🔥🔥November 21st Public Release Entry! I believe most people saw it and profited! Last night it rose to 0.7418, close to Goal 8, completed manually! Congratulations to all the brothers who followed and achieved over 2991.82% (20X) profit!!! Set up a break-even stop loss with no risk for the future! 🔥🔥
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Market Sentiment and Predictions:

There's considerable bullish sentiment around Solana, with some predictions suggesting it could reach as high as $1,000, citing factors like breakout patterns and increasing trading volumes.

Comments from X users and analysts suggest that Solana might hit new all-time highs if it maintains above certain price levels, indicating a strong belief in its upward trajectory.

Ecosystem Growth:

Solana's ecosystem is expanding with the biggest upcoming airdrops and a fast-growing DeFi and DePIN scene, which could drive the token's value up due to increased utility and demand.

Price Dynamics:

Despite the market cap doubling since its peak in 2021, SOL's price has only just returned to its all-time high, which some attribute to inflation dynamics but also suggest that future price increases might not reflect market cap growth due to these inflationary pressures.

Meme Coin Influence:

The platform Pump.fun, which is built on Solana, has been a significant factor in creating meme coin mania. Discussions around its potential shutdown suggest it could lead to a price surge for Solana, as existing meme coins might see increased value.

However, predictions in cryptocurrency are speculative:

Volatility: The crypto market is known for its volatility, and while there are positive indicators for Solana, there's no certainty in predictions.

Inflation: Solana's inflation rate, which is designed to decrease over time, might affect price dynamics in ways not always immediately apparent to the casual observer.

Market Corrections: Even with positive developments, the market might experience corrections or external pressures that could impact SOL's price contrary to optimistic forecasts.

$SOL

#下一个换谁涨？ This time it is the turn of $TRX to take off. People say that Wavelength is a scam, but that is not entirely true. If you followed Brother Sun and believed in him before, and bought his coins on Binance, it is actually okay. For example, $TRX $BTTC , etc., they really pushed up the market during the bull market, unlike some projects, which will fall in the bear market and will not pull up the market in the bull market, which will just drain everyone to death.

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#BNB创历史新高 Congratulations 🎉🎉 $BNB breaks the historical high, surpassing $SOL , securing the fifth market capitalization, actions are this fast, just in a day's time, the rest depends on BNB's performance, whether it can continue to break through and secure the third market capitalization, reminiscing about the BNB around 1, BNB at a few U, I was actually afraid it would drop, truly unforgivable, back then how many KOLs held 500 BNB or 1000 BNB for commission returns, I wonder if everyone is still holding on?

We see LUNC shares from important pages.
#LUNC is now starting to attract attention.

🌟 There was no such support group when it went to $ 0.00059 after the collapse. Now we see shares from different pages.

We see the Terra Classic blockchain rising from the ashes. If this rebirth is supported by a price increase, a completely different power will be formed.

#TerraClassic #USTC $USTC $LUNC

We see LUNC shares from important pages.
#LUNC is now starting to attract attention.

🌟 There was no such support group when it went to $ 0.00059 after the collapse. Now we see shares from different pages.

We see the Terra Classic blockchain rising from the ashes. If this rebirth is supported by a price increase, a completely different power will be formed.

#TerraClassic #USTC $USTC $LUNC

BNB～NB
Witnessing a historic new high

Isn't this a proper bull market? The values 2652636170852021916643 and others have surged one after another. It's been a long time since I've seen top market cap coins rally in succession like this. Such situations usually only occur during a bull market. In previous bull markets, mainstream coins would rise first, and then altcoins would take over. Now that mainstream coins have started to rise, let's make the most of this golden period. Although the bull market is great, don't be greedy. If you don't take profits in segments at the right time, it won't be a long-term strategy!