IP-Backed Meme Token CAT Bags Binance Spot Listing, Spiking Bullish Sentiment
Open interest in the token’s future products nearly doubled to over $60 million, showing a bump in expectations of further volatility with a bullish bias.
Markets
Ripple’s RLUSD Stablecoin Attracts Frenzy Bids for 800 XRP Ahead of Release
While RLUSD’s price will always be redeemable for $1, some onchain “collectors” are likely bidding to be the first to hold the much-awaited Ripple stablecoin.
MicroStrategy to Enter Nasdaq 100, Exposing Bitcoin-Linked Stock to Billions in Passive Investment Flows
The self-described Bitcoin Development Company became one of the 75 largest non-financial firms in the Nasdaq after its explosive growth this year.
Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten
Since September, MicroStrategy and U.S.-listed spot ETFs have accumulated approximately 200,000 bitcoin each.
Miners Are Adopting the Same Bitcoin Acquisition Strategy as MicroStrategy: JPMorgan
The strategic shift to a bitcoin accumulation model is due to pressure on profitability following the reward halving, the report said.
Polygon DAO Weighs $1.3B Stablecoin Deployment to Generate $70M Annual Yield
The plan uses Morpho Labs’ vaults to manage USDC and USDT, targeting a conservative 7% annual return using various strategies.
Ether Volume Overshadows Bitcoin on HyperLiquid as Platform Activity Hits $500B
The record trading activity on HyperLiquid’s perpetuals market is characrterized by users recently leaning more toward ether than bitcoin.
LINK Surges to 2021 Levels as Trump’s World Liberty Buys More Chainlink Tokens
LINK neared $30 in Asian morning hours Friday, data shows, with open interest (OI) on the token’s futures zooming to record highs above $860 million.
Bitcoin Grapples with $100K as Rally on Trump’s Crypto-Positive Comment Fizzles
Altcoins as a group outperformed bitcoin, with AVAX and LINK leading sector gains.
Ethereum’s Ether Headed to $5K as Activity, Institutional Demand Grows
“According to ETH’s realized price—the average price at which holders purchased their ETH—the current upper limit for ETH’s price stands around $5.2k,” CryptoQuant said.