The Crypto Basic

US Lawmaker Emerges as One of #Bitcoin Most Consistent Buyers This Year.

U.S. Representative Marjorie Taylor Greene’s reputation in the crypto space has risen as she has increases her exposure to Bitcoin.

The lawmaker has consistently accumulated shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) throughout the year. Her latest purchase appeared in a recent congressional disclosure, revealing that Greene (R-GA) acquired additional shares of IBIT on November 21, investing between $1,001 and $15,000.

Greene has made similar purchases all year. She began on January 8 with an investment of $1,000 to $15,000, followed by a larger buy of $15,000 to $50,000 on March 3. She continued accumulating IBIT with purchases ranging from $1,000 to $15,000 on September 11, October 9, October 15, and October 24, leading up to her most recent investment disclosed for November 21, bringing the total transactions to seven.

Overall, she has invested between $21,000 and $140,000 in BlackRock’s Bitcoin ETF this year. What makes her latest acquisition particularly notable is its timing.

When she bought the IBIT shares on November 21, Bitcoin was trading near $85,000 and struggling to break free from the month’s bearish trend. IBIT reflected that weakness as well, closing the session at $47.97.

Since then, Bitcoin has rallied to $92,900 at press time, up 9.29% from its November 21 close. Similarly, IBIT has climbed to $52.80, up 10.06% from its previous close of $47.97.

As a result of this upward move, the disclosure shows that Greene’s most recent investment has appreciated by $99 to $1,485, based on congressional reporting ranges.
#Crypto

Analyst egragcrypto Says #XRP Will Target $33 — But You Must Be Patient for It to Happen. Meanwhile, on the technical side, Egrag based his latest prediction on XRP’s historical movements. He noted that on the 2-week chart, XRP typically drops back to the 21-period Exponential Moving Average (EMA) before making a significant upward move. This EMA often acts as a support level or launchpad for strong rallies. In 2017, after touching the 21 EMA, XRP surged by 1,250%. If XRP mirrors this path, it could reach $33. Meanwhile, a similar move in 2021 yielded a 560% gain. If this run repeats, XRP could rise to $17.
Egrag calculates an average potential upside of 905% if history repeats — or even just rhymes — which would place XRP around $27. In other words, considering various scenarios, he believes price targets between $17 and $33 are within reach in the next explosive leg upward. Given that he has made several similar analyses in the past to forecast XRP’s price, many are increasingly skeptical of the outlook. He admitted to receiving direct messages from market participants asking whether he ever grows tired of continuously projecting bullish scenarios for XRP. He reiterated the importance of patience, saying that the information on the chart remains promising. Reiterating a popular phrase among technical analysts, Egrag notes, “Men lie, women lie, but charts and numbers do not lie.”
While acknowledging that the market will continue to test its participants with volatility, fear, and uncertainty, he insists that patience is the most profitable strategy for those truly invested in XRP’s long-term vision.
He ends his message by encouraging the XRP community to stay strong and united, declaring that together they’ll rise — and soon, “we shall fly so much higher.”
#CryptonewswithJack

#Ripple Escrow Unlocks 1B $XRP for December, Price Surges 10%. Specifically, the Ripple (9) address was the first recipient of the unlocked tokens. At exactly 21:00 (UTC) on Tuesday, the Ripple escrow released 500 million XRP, valued at $1.08 billion, into the wallet. At the time of writing, the received token remains with the Ripple (9) address, with its balance standing at 500,000,204 XRP. Meanwhile, the unlock, which completed the preprogrammed 1 billion monthly escrow unlock, happened 11 minutes later. At 21:11 (UTC), Ripple released another 500 million XRP from escrow to the address “rMhkqz,” which XRPScan marked as the Ripple (28) address. The unlocked token also remains with the address at press time, waiting for Ripple’s deployment. Notably, the payment giant uses these released tokens for operational purposes, with the unused portion returned to escrow to keep XRP scarce. An example of this is the 700 million tokens returned on December 1. Ripple moved 1 billion XRP on the day over multiple addresses, with 700 million ending up relocked in escrow. Per reports, the Ripple (15) address locked up 300 million tokens, while Ripple (14) returned 400 million to escrow. This suggests that only 300 million XRP were actually released into circulation in November, a trend that has reoccurred several times. However, the monthly unlock has faced delays lately. The firm originally scheduled the for the first day of the month. Nonetheless, November’s unlock occurred on Nov. 3, with this month also deviating from the stipulated time by a day. Interestingly, the December escrow unlock coincided with a price rally for XRP. The XRPL native token has increased by nearly 10% in the past 24 hours to reclaim $2.20. Meanwhile, the run mainly built on the relief recovery push from rest of the crypto market, spurred by Bitcoin’s resurgence. The apex cryptocurrency is up approximately 8% over the past 24 hours, amid bullish macroeconomic development.
#Crypto

#SEC Chair Sets New Timeline to Pass Innovation Exemption for Crypto Firms After Gov Shutdown.

U.S. SEC Chair Paul Atkins has given his clearest update yet on the agency’s upcoming innovation exemption for crypto firms.

In a discussion on CNBC’s Squawk Box, Atkins said the SEC plans to publish the framework within the next month, even though the recent government shutdown slowed the process.

Notably, during the interview, host Joe Kernen questioned whether the SEC can make real progress on crypto regulation without new legislation and if that progress can happen before the end of the year.

In response, Atkins explained that the SEC continues to work with Congress and gives lawmakers technical guidance on upcoming bills, so they stay aligned with existing rules.

He emphasized that this cooperation matters but also stated that the SEC already holds enough authority to move forward. While Atkins failed to provide a timeline on when Congress might act, he made it clear that the SEC does not plan to wait for new laws before taking action.

The SEC Chair then turned to the innovation exemption, which he described as one of the agency’s main priorities. He said he expects the SEC to release the exemption “in a month or so,” aligning with earlier projections. For context, the government shutdown temporarily stopped the team from working on it, since staff could not continue during that period. Now that the shutdown has ended, Atkins says the agency has returned to its schedule and continues to move ahead.

He stressed that the exemption seeks to open the door for crypto developers to build and test new products inside a clear and supportive regulatory setup. According to him, the United States spent too many years pushing away blockchain innovation, and he wants rules that help the sector grow instead of holding it back.
#Crypto

Strategy acquires an additional 130 #Bitcoin for approximately $11.7 million. As of 11/30/2025, Strategy holds 650,000 $BTC acquired for approximately $48.38 billion.
#CryptoNewsFlash

Strategy today announced that it has established a USD Reserve of $1.44 billion to support the payment of dividends on its preferred stock and interest on its outstanding indebtedness (“Dividends”).
#CryptoNewsCommunity

#Ripple CTO in 2017: A Higher Price for #XRP Would Help Ripple. In his resurfaced 2017 tweet, Schwartz outlined several ways a higher XRP price directly strengthens Ripple’s business. He explained that a more valuable XRP supply gives Ripple greater leverage. Specifically, Ripple can incentivize partners and liquidity providers more effectively. The company can raise more revenue from XRP sales. Moreover, a higher value typically brings greater liquidity and trading volume — both essential for XRP’s role as a global intermediary asset. Larger liquidity pools also allow Ripple to target bigger and more profitable payment corridors. Schwartz also noted that public perception plays a role. Whether fair or not, XRP’s price is often a measure of Ripple’s success. That perception can influence whether institutions choose to integrate Ripple’s technology. He added that a higher price reduces volatility on similarly sized sales, making it cheaper for institutions to hold XRP and hedge exposure. And importantly, a higher value enables larger transactions: “When Bitcoin sold for $1, you couldn’t use it to buy a house. You can now… Bigger transactions require bigger value.”
Today, this early insight reads like a blueprint for Ripple’s current strategy. Fast forward to today: Ripple’s financial position has expanded far beyond what was possible when Schwartz first posted that tweet. As of December 1, 2025, Ripple controls:
34,700,000,005 XRP in escrow, worth about $71 billion
4,954,117,520 XRP in usable wallets, worth over $10.2 billion
Together, Ripple holds nearly $92 billion in XRP, forming one of the largest single-asset treasuries in global finance. This immense reserve reflects exactly what Schwartz described eight years ago: Ripple grows stronger when XRP’s price increases. Every $1 rise in XRP today would add roughly $40 billion to Ripple’s balance sheet. This dynamic is the foundation of Ripple’s expanding institutional strategy.
#Crypto

Experts Say Why No Other Asset Than #XRP Experiences 45X Glitches. In a tweet, Rob Cunningham from KUWL. show questioned why these kinds of price distortions never seem to happen to other major digital assets. His post drew attention from long-time observers who have followed XRP’s unusual history of extreme wicks. Technical explanations for XRP’s price glitches are consistent. A recent analysis by an ICP ecosystem builder showed how exchanges sometimes calculate cost averages when only a fragment of an order fills at an extreme price. Because XRP is divisible into very small units called drops, a tiny purchase at an outrageously high value can produce a distorted price print — even when the rest of the order executes normally. For example, buying a single drop at $0.01 instead of its micro-value near $0.0000022 can register as if a full XRP was bought for $10,000. The overall order price doesn’t really change, but the incorrect price briefly appears on the chart.
When this happens during low-liquidity periods or thin order books, exchanges can show sudden spikes or dips, even though traders’ actual holdings aren’t affected. While the Kraken wick is the most recent example, XRP has one of the longest lists of confirmed pricing anomalies among large-cap crypto assets: Kraken’s earlier $91.62 wick recorded minutes after a crash to $0.00272
Binance displayed XRP at $5,791 in October 2023
Gemini showed XRP at $50 after relisting in 2023
A Coinbase display issue in 2019 showing $7,308
CoinMarketCap briefly showed XRP at $161 million in 2023
Bitrue’s derivative market printing $0.0001 in 2023
Poloniex momentarily dropped XRP to zero in 2023
Users, charts, or platform statements have verified these cases. Meanwhile, none of them reflected actual order fills. This history fuels the community belief that “no other crypto sees glitches like XRP.”
While the technical cause is easy to explain, people still wonder why XRP is the only major coin that repeatedly exhibits these extreme anomalies.
#CryptoNewss

Do Kwon Says 5-Year US Sentence Is Enough as South Korea Seeks 40 Years.

Terraform Labs founder Do Kwon is asking a U.S. judge to limit his prison sentence to five years.

Meanwhile, in South Korea, prosecutors are seeking up to 40 years in prison for him over the 2022 collapse of the Terra ecosystem.

In a Wednesday court filing, Kwon’s legal team said a sentence beyond five years would be “far greater than necessary,” pointing to the punishment he has already endured and the penalties he has agreed to accept.

In August, Kwon pleaded guilty to two counts, including conspiracy to defraud, after his extradition from Montenegro. His lawyers emphasized that he has spent nearly three years behind bars, including prolonged periods in what they described as harsh Montenegrin prison conditions.

They also noted he has paid a substantial personal and financial price, including the forfeiture of over $19 million and multiple properties. Under his plea deal, U.S. prosecutors agreed not to seek more than 12 years, but the defense insists five years is sufficient.

Regardless of what happens in the U.S., Kwon will still face legal consequences at home. South Korean prosecutors are pursuing a separate suit related to the same events and are aiming for a sentence of up to 40 years.
#Crypto

#shiba⚡ Inu has continued to hold above a key long-term support level, sparking optimism of a resurgence targeting higher prices. Yet, it has held above a long-term support area, a TradingView analysis from “The Alchemist Trader” highlighted. The market commentator emphasized that #SHIB is holding above a yearly price low of $0.00000734. Shiba Inu dropped to $0.00000678 on Binance during the October 10 market crash but quickly recovered to close much higher. Since then, the token has failed to break below the $0.00000734 demand zone, recording several candle closes above the level despite obvious price weakness. The analyst highlighted that this emphasizes the area’s strength while also suggesting price stabilization. According to him, these are prerequisites for a recovery push for the prominent meme coin. Further bolstering optimism is the recent surge in network activity. For instance, The Crypto Basic reported an 859% surge in Shiba Inu burn rate a few days back, as the ploy to create scarcity of the SHIB token intensifies. The market watcher considers this bullish for the token, asserting it could support a reversal. Meanwhile, the Alchemist Trader predicted that if the $0.00000734 yearly low continues to hold, SHIB could plot a recovery to higher prices. An accompanying chart shows a possible rebound towards the first target of $0.00001591. From the current market price of $0.00000858, this represents an 85% price increase. Notably, the region aligns closely with the July high, an area SHIB has faced severe opposition in the past. The token failed to sustainably trend above the area during May’s lower high, reestablishing the strong sell pressure there.
#CryptoNews🚀🔥V

Texas has become the first US state to purchase #Bitcoin for its treasury, making a $10 million acquisition as part of a broader strategic initiative.
#CryptoNewsCommunity