XRP price has surged by nearly 6% in the past 24 hours, reclaiming the $2.30 level following the regulatory approval of Ripple’s RLUSD stablecoin by the New York Department of Financial Services (NYDFS). This milestone marks Ripple's entry into the competitive stablecoin market, sparking investor optimism and driving XRP’s price higher.Ripple’s RLUSD Stablecoin Fuels OptimismRipple CEO Brad Garlinghouse announced the approval on Dec. 10, leading to XRP’s rally from $1.90 to a high of $2.42 before settling at $2.32. RLUSD, Ripple’s US dollar-backed stablecoin, is now poised for launch on exchanges and partner platforms. The stablecoin, currently in beta testing on Ethereum and XRP Ledger (XRPL), has a circulating supply of $52 million and is backed by short-term US government bonds. Analysts believe its adoption could significantly boost XRP demand by creating a less volatile asset for remittance and settlement services.Market Reaction and Bullish PredictionsThe approval of RLUSD has already caused a speculative surge in XRP’s price, but experts like Vincent Van Code suggest the real rally will come when automated market maker (AMM) and liquidity pool (LP) features are activated. These could attract significant institutional interest, increasing XRP demand as staking opportunities with potential 5% annual yields emerge.Technical Indicators Suggest a Bullish ContinuationFrom a technical perspective, XRP’s recent price action forms a bull flag pattern, a bullish continuation setup. A breakout above $2.58 could push XRP’s price toward $15, representing a new all-time high. With a relative strength index (RSI) at 62, XRP still has room for further gains before approaching overbought levels.Ripple’s RLUSD stablecoin approval not only solidifies its position in the stablecoin market but also sets the stage for XRP’s potential parabolic rise. Investors are closely watching developments as XRP positions itself for further growth in the evolving cryptocurrency landscape, according to Cointelegraph.

An official in the US state of Alabama produced a litany of benefits a state Bitcoin reserve could bring. source: https://cointelegraph.com/news/alabama-auditor-bitcoin-reserve?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

빔 재단이 블록체인 게임 스타트업을 지원하기 위해 아부다비에서 2000억 원 규모의 펀드를 설립한다. 펀드는 게임 개발뿐 아니라 관련 인프라와 스타트업 가속화 프로그램에도 자금을 제공할 계획이다. 아부다비는 규제 및 투자 환경을 통해 블록체인 기술 허브로 부상하고 있다. source: https://inteliview.kr/crypto/article-9245/

Web 3.0, founder of Hash Global: Building Web3 business applications Golden Finance, user data assets are the core of Web3 applications.

According to Cointelegraph, Democratic lawmakers have announced the selection of ranking members for key committees as they prepare to enter the 119th United States Congress in the minority. On December 11, it was confirmed that California Representative Maxine Waters will continue her role as the ranking member of the House Financial Services Committee until 2025. This committee plays a crucial role in shaping legislation and policies impacting the financial services sector, including the cryptocurrency industry. North Carolina Representative Patrick McHenry, a Republican, currently chairs the committee but will leave office on January 3. Representative Waters has been serving as the ranking member since January 2023, following the Republican majority in the House. With McHenry's departure, Republicans are considering candidates for the next committee chair, including French Hill, the digital assets subcommittee chair. The party is expected to finalize leadership positions within the next week. In addition to changes in the House, the Democratic party is also adjusting its roles in the Senate, where they have lost majority control. Massachusetts Senator Elizabeth Warren, after securing her election victory against Republican John Deaton, will serve as the ranking member of the Senate Banking Committee. This committee oversees the US Securities and Exchange Commission (SEC) and other regulators relevant to the crypto industry. Ohio Senator Sherrod Brown, who lost his reelection bid to Republican Bernie Moreno, will chair the committee until January. Senator Tim Scott, the current ranking member, is anticipated to become the next chair. At the Bitcoin 2024 conference in July, Scott expressed support for pro-crypto legislation if Republicans gained a majority. The Senate Agriculture Committee is also expected to undergo leadership changes. Currently chaired by Democratic Senator Debbie Stabenow, with Republican John Boozman as the ranking member, the committee oversees the Commodity Futures Trading Commission (CFTC), which regulates aspects of the crypto industry. Senator Stabenow announced her intention to retire at the end of her term, potentially paving the way for Democratic Senator Amy Klobuchar to assume the ranking member position in January. Boozman is expected to become the chair. If the Financial Innovation and Technology for the 21st Century Act is enacted in the next Congress, the CFTC could gain more influence over digital assets compared to the SEC.

The union’s adoption was facilitated by a “get off zero” donation and partnership with Proof of Workforce. source: https://cointelegraph.com/news/fire-brigades-association-first-labor-union-kenya-hold-bitcoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Anton Tkachev of the New People party and a deputy of the State Duma has urged the government to add Bitcoin to the list of reserve currencies. In an appeal to Finance Minister Anton Siluanov, he urged the adoption of Bitcoin in addition to fiat currencies such as the dollar, euro, and yuan. The proposal […] The post Russia Considers Strategic Bitcoin Reserve To Strengthen Financial Stability... source: https://www.thecoinrepublic.com/2024/12/11/russia-considers-strategic-bitcoin-reserve-to-strengthen-financial-stability/

null source: https://x.com/DaanCrypto/status/1866891949338251443

Circle and Binance partner to boost global USDC adoption, integrating the stablecoin into Binance’s services and corporate treasury. source: https://dailycoin.com/circle-and-binance-partner-to-accelerate-global-usdc-adoption/?utm_source=cryptopanic&utm_medium=rss

The Nasdaq continued to rise, hitting 20,000 points for the first time, setting a new record high. The Nasdaq has risen by more than 33% this year. U.S. technology stocks rose across the board, with Tesla, Google, Apple, Amazon, Meta, and Netflix all hitting intraday record highs. (Jinshi)

Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon. source: https://cointelegraph.com/news/united-states-democrats-leadership-committees-crypto-policy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

As an emerging technological trend, decentralized AI is gradually demonstrating its advantages in data privacy, security, and cost-effectiveness.

Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.

VBE (Voting Bloc Entropy) is an innovative indicator that quantitatively evaluates the degree of centralization of DAOs and reveals governance risks through clustering and entropy calculations.

Stablecoins are a vital component in the crypto space, and their stability and decentralization have become key competitive points.

Tracking Nvidia's holdings in concept stocks has important reference value. Investors can continue to pay attention to Nvidia's increase in holdings in related concept stocks, the progress of AI commercialization, revenue growth and gross profit margin changes, new product/service releases, changes in the industry's competitive landscape, etc.

Optimism once again teamed up with Uniswap to launch the ERC-7802 cross-chain asset standard, bringing new prospects for improving the efficiency of cross-chain transactions.

Xan’s support and development of the Bitcoin ecosystem lags behind many other exchanges, so this incident has limited impact on Inscription.

However, with the rapid development of AI technology, the threshold for generating false content has been greatly lowered, which further brings more potential risks.

Instead of having separate pools for each stablecoin, Perena will create one large stablecoin pool to make trading between them easier and cheaper.