Ripple Receives Approval for Stablecoin
Market Update - December 13, 2024
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➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
- Amazon shareholders urge the company to allocate 5% of its reserves to bitcoin: The proposal highlights bitcoin’s outperformance against traditional assets and echoes similar moves by companies like MicroStrategy and Tesla.
- Crypto liquidations hit $1.5 billion Monday as bitcoin dipped below 95K: But the world’s largest cryptocurrency rallied past $101,000 on Wednesday after positive inflation data set the stage for a rate cut next week.
- Ripple's RLUSD stablecoin secures approval from New York’s financial regulator: The launch will now proceed with exchange and market-maker partnerships already in place.
- Hong Kong accelerates crypto licensing as global competition heats up: Plans include streamlined approvals for crypto trading platforms and new regulation for stablecoins.
- The Cardano Foundation's X account was hacked, leading to fake announcements about a token and an SEC lawsuit: The breach triggered significant trading activity and community confusion before being addressed by the Foundation.
🫱 Read more here
➕ Topic of the Week: IPOs, ICOs, and STOs – What’s the Difference?
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