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The Blockchain Bulletin, Dec 25: RLUSD Gets Listed in Singapore Crypto Exchange
Hey everyone! Let’s have a quick recap of all that happened in the crypto world over the past 24 hours. The cryptocurrency market continues to buzz with activity, showcasing remarkable developments across sectors.
Leading the headlines is the significant announcement that Ripple’s RLUSD stablecoin has been listed on a Singapore-based crypto exchange. This move is seen as a major milestone for Ripple and its quest to further establish itself in the region. With this listing, users will now have access to enhanced liquidity for trading and payment options, potentially increasing RLUSD’s adoption rate.
It is no secret that both Singapore and Hong Kong are engaged in an intense competition to position themselves as the premier destination for digital asset innovation and adoption. This listing serves as a testament to Ripple’s growing presence in Asia, particularly in Singapore. We expect this move to bolster its presence in the region and create new opportunities for users seeking stable trading and payment options.
In other news, we see altcoins surging despite Bitcoin’s recent dip. Many experts are suggesting that a potential new bull market is on the horizon. Coins like XRP are garnering significant attention, with whales accumulating 40 million tokens. This strategic buying activity hints at optimism regarding Ripple’s ongoing legal victories and its future in cross-border payments.
In the world of DeFi, we see MoonPay making waves as it eyes expansion through a $150 million acquisition of Helio, a company specializing in blockchain-based payment solutions. This deal could pave the way for smoother crypto payment integrations across global markets.
Additionally, In-N-Out Burger has reportedly considered allowing Dogecoin as a payment option. If implemented, this would represent a significant step forward for meme coins in mainstream retail adoption.
On the institutional side of things, we see MicroStrategy advancing its ambitious Bitcoin acquisition strategy, seeking shareholder approval for a $4.2 billion plan to further bolster its BTC holdings. This move underscores growing institutional interest in Bitcoin as a treasury asset and highlights its perceived long-term value.
Lastly, significant whale activity has caught our attention as a crypto whale purchased 428,867 Hyperliquid tokens worth $18.3 million. Each token was priced at $28.50, marking a substantial investment that has sparked speculation about Hyperliquid’s potential in the market. This move underscores the growing interest in emerging tokens within the crypto space.
We hope you enjoyed this blockchain bulletin and we look forward to seeing what the next 24 hours will bring.
Source: cryptotale.org
