);)
XRP surged about 8% on the news of the launch of the RLUSD stablecoin based on the XRPL on the 17th. RLUSD officially received approval from the New York Department of Financial Services (NYDFS) last week on the 10th and is scheduled to be officially circulated through multiple exchanges on the 17th. The exchanges that announced the official listing of RLUSD on the 17th include ▲Uphold ▲MoonPay ▲Accoins ▲Coinmena, among others.
2. Matrixport: "Ethereum will rise in 2025 following institutional accumulation"
On-chain analysis platform Matrixport pointed out the lackluster performance of Ethereum (ETH) amid the 2024 cryptocurrency bull market, and claimed on the 16th that Ethereum will recover its dominance next year and see a price increase. Matrixport said in its own report that while many altcoins broke their all-time highs in the 2024 bull market, Ethereum's performance was somewhat sluggish, but as institutional investors are currently accumulating Ethereum, Ethereum will see a major rally next year.
3. Justin Sun announces plans to accumulate 53,000 ETH worth 300.5 billion won
Tron founder Justin Sun announced on the 16th that he will accumulate around 53,000 ETH through Lido Finance. On-chain analysis platform Santiment reported that on the 16th, Justin Sun requested the withdrawal of around 52,905 ETH from Lido Finance and proceeded to purchase the withdrawn ETH. Justin Sun had previously conducted large-scale ETH purchases twice in February and August of this year, accumulating a total of around 392,474 ETH.
4. El Salvador grants Bitcoin-related service license to Bitget
The government of El Salvador granted a license to cryptocurrency exchange Bitget on the 16th, allowing it to provide various services related to Bitcoin (BTC) within the country.
5. FTX to start debt repayment through Bitgo and Kraken on January 3, 2023
FTX exchange, which filed for bankruptcy in November 2022, announced on the 16th that it will start debt repayment under Chapter 11 of the U.S. Bankruptcy Code starting January 3, 2023. FTX stated that it has designated Bitgo and Kraken as the exchanges to assist with debt repayment, and will start the repayment process for creditors who have completed KYC and provided their debt information.
Reporter Kwon Seung-won ksw@blockstreet.co.kr
