This week’s crypto calendar is filled with big events and bullish stories, including possible approval of Ripple’s stablecoin, XRP topples BNB with $100 billion market cap, XLM surges 50% after Grayscale Stellar Lumens Trust filing, and FIFA’s new NFT game. Additionally, Binance has removed eight altcoin trading pairs from the spot trading market, while MicroStrategy plans to add Bitcoin to its portfolio. Here are the top cryptocurrency news this week:
Grayscale Filing Boosts Stellar Lumens (XLM) Price By 58%
Stellar Lumens (XLM) surged 58% this week, reaching $0.53—its highest price since 2021. The spike came after Grayscale Investments filed a 10-K for Stellar Lumens Trust . The filing, filed on November 23, details a 10% growth in the trust’s net assets over the last fiscal year.
10-K filings provide detailed financial information and risk factors for publicly traded companies. The positive sentiment surrounding this filing has probably fueled the strong market reaction towards XLM.
“Stellar recently broke out and closed above a key weekly resistance level. Retesting the broken structure, the price broke through the resistance line of a falling wedge pattern on the 4H timeframe. This shows strong upside potential and an upcoming move is very likely. I predict a growth of at least 0.6,” noted cryptocurrency expert Andrew Griffiths said write on X (formerly Twitter).
Ripple Expected to Approve Stablecoin Before December 4th
Ripple is preparing to launch a regulated stablecoin, RLUSD, pending approval from the New York Department of Financial Services (NYDFS). As reported by TinTucBitcoin, the stablecoin will likely launch on December 4, marking Ripple’s entry into New York’s regulated digital finance market.
The move puts Ripple in direct competition with stablecoin issuers like Circle and Paxos. Partnerships with platforms like Bitstamp and Moonpay aim to ensure widespread accessibility for RLUSD users.
Meanwhile, Ripple’s XRP token has surpassed BNB in market capitalization, hitting the $100 billion mark for the first time in three years. The value of XRP has increased more than 230% this month amid growing investor optimism.
Binance Removes Eight Altcoin Trading Pairs
Another prominent crypto news this week was Binance announcing plans to remove eight altcoin trading pairs on December 10. This will include GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/ USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. The exchange cited periodic performance reviews and low liquidity as reasons for the removal.
The prices of the affected tokens, including GFT and OAX, fell nearly 30% following the announcement, reflecting investor concerns about their future viability. Binance advises users to adjust their portfolios before the removal date.
MicroStrategy Eyes Buying Bitcoin With $3 Billion in Capital Raised
MicroStrategy co-founder Michael Saylor hinted at plans to buy new Bitcoin after the company secured $3 billion through a convertible bond issuance on November 22. The bonds, provided exclusively for institutional investors, will mature in 2029 and have a bidding price higher than $672 per share.
Meanwhile, MicroStrategy remains the largest holder of Bitcoin. The company currently owns 386,700 BTC worth more than $37.5 billion. Saylor’s comments suggest the company may continue its ambitious Bitcoin strategy.
FIFA Launches Soccer Game Using NFTs
As reported by TinTucBitcoin, FIFA has partnered with Mythical Games to develop FIFA Rivals, a mobile soccer game scheduled to launch in mid-2025. Players can create and manage soccer clubs and Compete in real-time matches.
“FIFA Rivals is designed to be accessible, with a shallow learning curve combined with advanced features for professional players to explore. The partnerships we have with both the NFL and FIFA should open the door to various collaborations between web3 game studios and major sports titles,” said Nate Nesbitt, spokesperson for Mythical Games, told TinTucBitcoin.
The game will include an NFT marketplace, allowing players to trade soccer stars as digital collectibles. Mythical Games aims to replicate the success of NFL Rivals by integrating NFTs into FIFA Rivals.
Chirp Introducing DePIN Games Play To Win Money
Chirp, operating on the Sui blockchain, has launched Kage, a play-to-earn game that combines entertainment with practical utility. Players use their smartphones to detect nearby wireless networks, earning CHIRP Tokens for their activities.
As the first game to integrate DePIN (Decentralized Physical Infrastructure Network), Kage highlights the growing trend of a blockchain-based P2E model providing real-world applications.
Finally, all eyes are on Bitcoin, as it remains near $100,000. Despite short-term corrections, BTC remains at around $97,000. It will be interesting when BTC finally reaches six figures before Christmas. Here are the top cryptocurrency news of the week.
