U.today

Bitcoin and XRP gain Wall Street traction through Bitwise index launch

Bitcoin and XRPexpanded their Wall Street footprint as part of Bitwise's index listing on NYSE Arca amid $935 million ETF inflows.

Almost $1 billion. Bitwise’s 10 Crypto Index Fund (BITW) began trading on NYSE Arca, expanding Bitcoin and XRP’s visibility in traditional markets.

Bitcoin and XRP got some more attention from Wall Street today. The 10 Crypto Index Fund by Bitwise finally got the green light from regulators and started trading on NYSE Arca, which means these two popular assets are becoming more connected to traditional investments.

Journalist Eleanor Terrett says it has been a tough go for the company, with the SEC causing delays that put the product on hold for a while.

10 assets. Current allocation: Bitcoin 74.34%, Ethereum 15.55%, XRP 5.17%.

As Bitwise explains, BITW keeps track of 10 major assets, which it divides up based on market capitalization and rebalances every month.

The latest composition makes it clear where market weight stands: Bitcoin takes the lead with 74.34%, Ethereum follows with 15.55% and XRP takes third place at 5.17%.

In the meantime, XRP's ecosystem is already moving full steam ahead on its own. On Dec. 8, spot ETF products linked to the token saw $38.04 million in daily net inflows, bringing the total to $935.39 million. This also increased the total net assets to $923.71 million, with the price trading near $2.09.

Solana rage-baits XRP community with provocative new post

Solanadoubled down on its XRP provocation, dropping a fresh new meme and tagging Ripple's CTO a day after the viral 589 post.

SOL vs. XRP. Solana posted “time to flip the switch” with a castle-themed illustration showing SOL at the top, with Bitcoin and XRP on opposite towers, clearly designed to stir reactions.

Solana escalated its unexpected outreach to the XRP crowd today with a new post captioned 'time to flip the switch', accompanied by a castle-themed illustration placing SOL at the top, Bitcoin and XRP on opposite towers, and a medieval cast of characters that looked intentionally crafted to provoke a reaction.

The detail that pushed the whole thing into a different league was the account tagging David Schwartz, Ripple’s CTO and one of the original architects of the XRP Ledger, who has not reacted yet, despite the growing noise around the post.

Pleasantly confused. Schwartz replied to the earlier post asking for clarification.

The timing wasn’t accidental. The Solana account had already detonated an XRP-focused spark less than 24 hours earlier when it posted a single number: 589. That number carries a long-running status inside the XRP community, tied to a never-confirmed price myth born from old Simpsons screenshots and endlessly recycled memes.

Schwartz replied to the First Ledger account, asking to clarify the lore behind the original post, with an honest answer: "For the first time in my life, I think I’m pleasantly confused."

Shiba Inu whale spike points to rising volatility

SHIBcould be on track to experience more volatility following an uptick in whale activity.

Whales awakening. Santiment reports the highest number of large SHIB transfers since June 6.

Shiba Inu (SHIB), one of the leading meme cryptocurrencies, has experienced a lot of activity from "whales." Specifically, there have been more large transfers than on any day since June 6, according to the data provided by analytics platform Santiment.

At the same time, the total amount of Shiba Inu held on exchanges increased by 1.06 trillion SHIB. This essentially means that a lot of coins are now available on exchanges (possibly for selling).

High volatility. Analysts warn this combination typically precedes heightened short-term volatility.

Due to these factors, the token is likely to experience more volatility in the next few days, Santiment warns.

According to CoinGecko data, SHIB is up by nearly 6% over the past 24 hours. The token's market cap is currently sitting just below the $5 billion mark. As reported by U.Today, a moderate relief rally could be in the cards for the popular meme coin, but traders should not anticipate a sharp price spike.

Hunter Horsley, chief executive officer at Bitwise, has joined the choir of pundits who argue that the four-year cycle theory is essentially dead.

He has predicted that a massive bull run is going to take place next year.

"Everything is lining up for a massive 2026. It's stunning," he said.

A bear market?

"We will look back on 2025 and realize that it's been a bear market since February," Horsley said.

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However, this "bear market" has been masked by the relentless bid from digital asset treasury (DAT) companies.

A new all-time high?

As reported by U.Today, Standard Chartered also recently stated that Bitcoin’s traditional four-year halving cycles are no longer a reliable predictor of price moves.

Historically, Bitcoin peaked about 18 months after each halving, but the bank argues that U.S. Bitcoin ETFs have substantially changed market dynamics.

To validate this new theory, Bitcoin would need to break its all-time high of $126,000. Standard Chartered expects it could happen in early 2026.

Several other analysts and market observers, Bernstein, are also on the same page.

Meanwhile, BitMEX CEO Arthur Hayes has cited the changing global monetary conditions as the key reason why four-year crypto cycles are essentially dead.

The majority of the coins are rising in the middle of the week, according to CoinStats.

BTC/USD

The rate of Bitcoin (BTC) has increased by 1.57% over the last 24 hours.

On the hourly chart, the price of BTC is near the local support of $91,800. If a bounce off does not happen until tomorrow, traders may expect a level. breakout, followed by an ongoing correction to the $91,000 zone.

On the longer time frame, one should focus on the bar's closure in terms of the $94,172 level. Until the rate is below that mark, there is still a chance to see a more profound drop.

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However, if the price fixes above the resistance, the accumulated energy might be enough for a blast to the $96,000-$98,000 range.

From the midterm point of view, none of the sides has enough strength for a sharp move. This is confirmed by the low volume. All in all, consolidation in the area of $91,000-$96,000 is the most likely scenario until the end of the month.

Bitcoin is trading at $91,989 at press time.

Most of the coins are again in the green zone after a slight drop, according to CoinStats.

ETH/USD

Ethereum (ETH) is one of the biggest gainers from the list today, rocketing by almost 7%.

On the hourly chart, the rate of ETH is far from support and resistance levels. As none of the sides is dominating, ongoing sideways trading around the current prices is the most likely scenario until tomorrow.

On the longer time frame, the price of the main altcoin is above the $3,230 level.

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If buyers can hold the gained initiative, the upward move is likely to continue to the $3,500 area this week.

From the midterm point of view, the rate of ETH has broken the $3,223 level. If the situation does not change by the end of the week, the accumulated energy might be enough for further growth to the $3,500-$3,700 area.

Ethereum is trading at $3,336 at press time.

The middle of the week is mainly controlled by bulls, according to CoinMarketCap.

SHIB/USD

The price of SHIB has fallen by 0.87% over the last 24 hours.

On the hourly chart, the rate of SHIB has made a false breakout of the local support of $0.00000848. However, if a bounce back does not happen and the daily bar closes near that mark, one can expect an ongoing correction to the $0.00000840 range.

On the longer time frame, the price of SHIB is in the middle of the wide channel, between the support of $0.00000755 and the resistance of $0.00000937.

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As none of the sides is dominating, there are low chances of seeing sharp moves this week.

From the midterm point of view, the picture is similar. However, if the weekly bar closes with a long wick, traders may witness a test of the $0.000007 range soon.

SHIB is trading at $0.00000848 at press time.

Yellow, a crypto infrastructure outfit building a routing network for cross-market liquidity, finally broke its silence about its token with a public post update. What got the startup in the news cycle straight away is that Chris Larsen, one of Ripple's founders, is known to have put about $10 million of his own money into the project, making it one of his biggest personal investments in the sector that he has disclosed.

Thus, Yellow positions itself as a Financial Information Exchange-based system that is designed to link up blockchains with exchange brokerages.

Chris Larsen @Ripple Co-founder and Executive Chairman led a $10M raise for Yellow. Listen to why. The smartest money in the industry keeps positioning around infrastructure that scales globally.Utility unlocked 🌕🔓 https://t.co/RpVl5HrWxD pic.twitter.com/7rUrcDF6wF

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) December 10, 2025

Interestingly, even though the company has not actually mentioned anything about XRP orRipple integrations, the tech direction actually fits pretty well, with areas where the fourth-biggest cryptocurrency is already being used by market participants, who rely on fast settlement and deep liquidity.

What does Yellow have to do with XRP?

TheXRP community reacted for a simple reason: Larsen-backed ventures are seen as high-upside early positions, and Yellow is one of the few startups he supported directly rather than through corporate channels. Those who followRipple's history see these developments as optional exposure to what they see as a "second Ripple-type" opportunity, even if the business models differ.

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What got people talking on the new post is about two things: when the token launch will be and whether those who joined in past contribution rounds will still be included.

All in all, Yellow has not given us a release date, token model or distribution terms yet, but this short announcement was enough to reset expectations and position the company as one of the most closely watched infrastructure names heading into its first public milestone.

XRP ETFs have seen a 16-day streak of net inflows, according to Sosovalue data. Taken from Nov. 13, XRP ETFs, including Canary Capital, Grayscale, Bitwise and Franklin Templeton, have sustained a positive 16-day streak in total net inflows.

As reported, XRP ETFs have surpassed $1 billion in one of the most significant launches for any altcoin yet. Funds from Canary Capital, Grayscale, Bitwise and Franklin Templeton accounted for most of these inflows at $944.13 million.

XRP ETFs’ streak establishes them among the fastest-growing class of major crypto-asset vehicles. Exceeding the $1 billion milestone in under a month might indicate growing acceptance and liquidity for the asset within traditional finance markets.

In the days ahead, 21Shares, CoinShares and WisdomTree are expected to roll out their own XRP exchange-traded funds.

Rippled version 3.0.0 released

Version 3.0.0 of rippled, the reference server implementation of the XRP Ledger protocol, has been released. This release introduces new amendments and bug fixes.

The ledger entry API method has been updated as part of breaking changes. Several bug fixes were undertaken: the consensus stall detection was fixed to not flag prematurely, additional logging to differentiate why peer connections were refused was added and a code coverage error was fixed, as well as transaction signature checking functions. The severity of unexpected/invalid keys when handling UNL manifest was raised.

Rippled version 3.0.0 included amendments such as "fixTokenEscrowV1," which fixes an accounting error in MPT escrows.

The "fixAMMClawbackRounding" fixes a rounding error that can occur in the LPTokenBalance of an AMM when performing an AMMClawback transaction. The "fixMPTDeliveredAmount" amendment adds missing DeliveredAmount and delivered_amount metadata fields from direct MPT Payment transactions.

Gemini, a U.S. crypto exchange, posted a short line about "eXploRing fast settlement" and "limitless," and the capital letters — X, R, P and L — were enough to get theXRP community talking again, not because the post had any news, but because it was clearly a hint that came in the middle of a week already filled with smallXRPL-related signals from well-known players.

Last month, Mastercard, Gemini, Ripple and WebBank tested settling card payments with RLUSD on XRPL, which stood out because it used a public blockchain for regular card flows.

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RLUSD has since climbed past $1 billion in value,Ripple raised $500 million at a $40 billion valuation and these steps made people pay closer attention to anything that might hint at a follow-up or a wider rollout — even if the messaging remains laconic and playful.

eXploRing fast settlement makes every Payment feel limitLess

— Gemini (@Gemini) December 10, 2025

The atmosphere around XRP was really lively over the past two days, with Solana adding its own spark. First it posted "589," a number linked to old XRP memes from "The Simpsons," and then it tagged Ripple CTO David Schwartz in a separate teaser.

What's brewing for XRP?

Neither move confirmed anything, yet both pulled in heavy engagement and pushed XRP conversations onto Solana timelines at the exact moment cross-chain settlement topics through Axelar were heating up again.

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Gemini's line does not confirm any integration or expansion, and the exchange has not suggested that something is coming. But when a bunch of big platforms drop hints about XRP in quick succession — Solana's memes, Mastercard's test run and now Gemini's rebus — the market reads these as early signs of an update in the works.

The past month has seen Ethereum show mixed price action amid multiple series of deep price corrections. However, whales have continued to scoop up the asset in large quantities despite uncertain market conditions.

On Wednesday, Dec. 10, popular crypto analyst Ali Martinez had showcased data revealing the aggressive accumulation of more than 800,000 ETH in the last 30 days.

The analyst revealed this, showing charts from crypto analytics firm Santiment that show that Ethereum wallets holding between 10,000 ETH and 100,000 ETH had bought over $2.4 billion worth of Ethereum at an average trading price of $3,105. This signals a notable shift in sentiment, as large Ethereum holders appear to have been preparing for a major price shift.

Ethereum regains momentum amid notable price resurgence

While the price of Ethereum had struggled through a period of downward pressure and volatility amid the broad crypto market downtrend witnessed in previous months, whale holdings appear to have steadily climbed.

This resilience portrayed by whales during such accumulation phases signals confidence among high-profile and institutional investors. Historically, moves like this have often preceded significant price movements.

Amid prolonged market volatility, ETH prices have hovered around low levels, even dipping as low as $2,600 in the past month. However, whale activity suggests that large investors appear to have massively bought the dip, positioning themselves for what they believe could be an upcoming catalyst.

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As they have expected, the crypto market is now seeing a broad resurgence, with the prices of leading cryptocurrencies showing notable daily gains.

Amid this resurgence, Ethereum has reclaimed its long-lost $3,300 level, surging by over 7% over the last day. Notably, data from CoinMarketCap shows that Ethereum is trading at $3,321 as of press time.

The Ethereum price resurgence is not entirely a surprise as market watchers have noted that similar accumulation patterns in the past have been followed by strong upside momentum.

While the spot Ethereum ETFs had also slowed down in its daily performance over the period, they are beginning to note increasing inflows as momentum returns to the market.

A series of on-chain transactions, documented byArkham, pulled 2,204,312,787,879 SHIB out of Coinbase's "0xA9D" hot wallet and sent it all to one address, creating a cluster that is pretty unusual because of how big it is and how it happened.

The transfers came in six pieces — from 11.7 billion SHIB to 584.6 billionSHIB per tranche — and at current pricing, the receiving wallet ended up sitting on about $18.76 million worth of SHIB. This matches the behavior of holders who prefer to take size off the exchange before market conditions change.

TheShiba Inu coin is still stuck around $0.00000852, which the market has tested a bunch of times without breaking. Even though the chart is not showing a clear trend, there is a pattern of small dips followed by stabilization, and you can see this in both daily and intraday frames.

Sellers tried to push the meme coin lower earlier in the week, but each move stalled before doing any damage, leaving SHIB stuck in a narrow range.

What's going on with SHIB on Coinbase?

Coinbase's SHIB balance has been dropping all month, and these withdrawals are adding to expectations. The destination wallet is a new one and does not have a history of quick cash-outs, which makes it seem like these tokens are being prepared for fast rotation rather than being prepared for sales.

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That is important because the market now has clean levels to watch: $0.00000860 as the level that keeps the ascending structure intact, $0.00000950 as the first real ceiling and $0.00001 as the point where the sentiment change awaitsShiba Inu.

Samson Mow, the CEO of Bitcoin infrastructure firm Jan3, has revealed his bold prediction for the upcoming year 2026.

Mow, known for his bold $1 million BTC call, doubles down on this. In a recent tweet, Mow predicts Bitcoin reaching $1 million target in 2026.

"$1.0M in 2026," Mow wrote in a tweet. The Jan3 CEO was reacting to an analysis by Jordi Visser, who indicated that the stock market was warning of BTC's imminent rally.

SpaceX wants to IPO for $1.5T. $1.0M Bitcoin is a low target.

— Samson Mow (@Excellion) December 10, 2025

According to Visser, Pure Vol ( Beta) vs. Pure Profitability (Quality) crashed as BTC fell, but a comeback is seen as the indicator has made new highs in 10 of the last 11 days while BTC attempts to gain its footing.

Highlighting the correlation of this indicator to PMIs over time, the analyst predicts "higher BTC to come."

Bitcoin rose to an all-time high of $126,198 in October this year and currently trades at $92,067.

At Bitcoin's current price, a rise to $1 million would imply a 986% increase, which makes this BTC price call a bold one.

Despite this, Mow remains bullish, saying his $1 million target for Bitcoin remains a low target, citing SpaceX's intention to IPO for $1.5 trillion.

Million-dollar Bitcoin prediction

Samson Mow is not the first person to predict Bitcoin reaching seven figures. Hal Finney, a computer scientist and the first to receive Bitcoin directly from Bitcoin's pseudonymous creator, Satoshi Nakamoto, predicted years back that Bitcoin may ultimately be valued at millions of dollars per coin.

In January 2009, shortly after Bitcoin's launch, Finney predicted that the cryptocurrency could become the global-dominant payment system, estimating a price of $10 million per coin (this would be closer to $40 million at present).

Finney assumed that if Bitcoin were to become the dominant global currency or a key store of value, its total market capitalization would need to match the world’s total wealth.

In a long-term prediction for the BTC price, Adam Back expressed the viewpoint that Bitcoin will reach $10 million per coin and a $200 trillion market cap by the end of the next two halvenings by about 2032.

On paper,Bitcoin’s latest move looks good: the price is rising, trading volumes are healthy and the market is optimistic about reaching six-figure territory. However, a closer look at the chart reveals that the current situation resembles a setup that is waiting for upside movement first before hitting the real bear trigger.

Looking at theTradingView chart, it seems that BTC is pushing up to the $102,000-$109,000 pocket while, in the meantime, the 23-week and 50-week moving average seem to form a crossover pattern which, as the shorter curve is about to cross the longer one, is a death cross.

Also, the 200-week moving average at $66,000 seems like a magnet if theprice of BTC is indeed set to fall after hitting a grim pattern.

That is the center of the whole setup because the move toward $100,000 looks optimistic only until you place these pieces together and realize the chart is guiding the price into a bull trap.

This is why the bounce feels normal even though the structure behind it is not. BTC sitting near the low $90,000s has enough room to drift toward $100,000 without triggering anything unusual, and that window lets the market build comfort before the cross completes.

Perfect bull trap

The $102,000-$109,000 band becomes the perfect trap because it gives bulls the last "this looks fine" moment before the death cross prints, and once it prints, the $66,000 level is hard to dismiss.

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The long-trend average does not sit there for decoration. It is where pressure builds when a midtrend cross hits elevated prices because the market prefers to reset at a level that actually holds historical weight.

None of this stopsBitcoin from touching $100,000. It just reframes what that move represents.

Since early October, XRP's trend has been defined by a wide descending channel that is still stuck inside. Every attempt to break above the upper boundary has been thwarted by diminishing volume, lower highs and ongoing pressure from the major moving averages — particularly the 50-day and 100-day EMAs, which are still sloping downward.

XRP staying down

Although this keeps XRP in a controlled downtrend, structurally, the asset is finally nearing a turning point given that the price is currently testing the channel's midrange once more. The market's response around $2.05-$2.10, a support area that has consistently absorbed selling without permitting acceleration to the downside, provides the first significant signal. Higher local lows have been produced by each retest, which is frequently the first indication that a downtrend is losing steam.

A breakout would become the central scenario if XRP were to maintain that base and move toward the upper boundary of the channel, which is located between $2.22 and $2.27. But cost is not the whole picture. The payments data from XRP Ledger provides the deeper signal. The most recent spike above 1,000,000 daily payments indicates that the network is maintaining high usage despite price suppression, which is a psychological and functional threshold.

XRP's upcoming volatility boost

In the past, when XRP payments crossed this threshold and remained there, the asset typically saw an increase in volatility within a few days or weeks. Although utility creates a floor under the market and undermines bearish narratives, it does not ensure bullish price action.

This is further supported by the payment volume chart, which shows that over the last three months, transfers between accounts have been steadily rising, with multiple spikes hitting or surpassing the multibillion-dollar equivalent. This suggests that even though speculative liquidity has decreased, bigger players — payment processors, liquidity providers and whales — remain engaged.

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What comes next? The point at which XRP's downward trend either ends or resets sharply is getting closer. The most obvious indication of a trend reversal would be a breakout above the channel, along with consistent payments above the one million mark. If that does not happen, the asset may drift back toward $2.00, but the on-chain activity will prevent the structural weakness that was previously observed.

21Shares, a prominent European issuer known for managing numerous crypto exchange-traded products (ETPs) globally, is teasing the debut of its U.S. spot XRP ETF (TOXR).

The firm initially submitted its S-1 filing to the U.S. Securities and Exchange Commission (SEC) last November.

For months following the initial submission, 21Shares, like other applicants, would submit numerous amendments to the Form S-1 registration statement.

The SEC approved Form 8-A on Nov. 20, essentially giving the green light for the product to begin trading on the Cboe BZX Exchange.

Spot XRP ETFs, like the one from 21Shares, aim to closely track the current market price of XRP.

Other key players

Some other issuers, including giants like Bitwise and Franklin Templeton, have already launched their spot XRP ETFs to a lot of fanfare.

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Canary Capital enjoyed its first-mover advantage, recording significant trading volume shortly after its debut on Nov. 13. Bitwise Asset Management, Grayscale, and Franklin Templeton launched their products around the same time.

The recent funds from Canary, Bitwise, Grayscale, and Franklin have already surpassed $1 billion in net assets, a milestone that was recently highlighted by none other than Ripple CEO Brad Garlinghouse.

The cumulative total of XRP locked in ETF Vaults is nearly half a billion, specifically 498.41 million XRP, according to the mostrecent data.

Canary Capital is currently in the lead with a remarkable 169.0 million XRP in custody. Grayscale, with its GXRP product, is the second-largest holder, locking up 104.4 million XRP. Bitwise follows closely, holding 93.8 million XRP in its fund. Franklin Templeton, with its XRPZ ETF, has accumulated a substantial 78.2 million XRP.

Additionally, XRP-based spot ETFs from such players (WisdomTree and CoinShares) are also in the pipeline.

Anthony Scaramucci, founder of SkyBridge Capital, has taken to X (formerly Twitter) to sing the praises of Strategy executive chairman and renowned Bitcoin advocate Michael Saylor after an encounter at Abu Dhabi.

In his post, Scaramucci shared a photo featuring himself and Saylor at the Bitcoin MENA event, mentioning that he had been looking for the smartest person in crypto there in Abu Dhabi.

While Scaramucci had made the post after Saylor delivered his speech at the event, Scaramucci affirmed that Saylor is the smartest person in crypto he was looking for.

Saylor reinstates bullish Bitcoin stance in Abu Dhabi

Apparently, Scaramucci had made the complimentary remarks about Saylor after he delivered a keynote speech at the Bitcoin MENA event in Abu Dhabi, where he restated his long-held conviction in Bitcoin.

While Saylor is recognized as one of the most influential voices in the crypto space due to his relentless advocacy for the world’s leading cryptocurrency, Bitcoin, his presence drew notable attention at the event, as many had highly anticipated his speech.

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Although Scaramucci is widely recognized as a strong pro-Bitcoin advocate himself, he had often credited Saylor for his vocal and financial influence on the leading asset.

Saylor wants to buy all Bitcoin in circulation

While Saylor had remained resilient in his aggressive Bitcoin accumulation scheme, he made a shocking revelation about his aim to buy all of the Bitcoin in circulation.

The statement that has created a buzz in the crypto community has been criticized by popular Bitcoin critic Peter Schiff.

During his speech, Saylor revealed that it is his goal to take Bitcoin out of circulation by buying it all, with plans to use the entire Bitcoin as collateral to create digital credit.

While the statement has been widely applauded by the crypto community, it has received severe criticism from Peter Schiff, who had tagged the idea as total “BS.”

In his Bitcoin MENA keynote, @saylor said his goal is to take Bitcoin out of circulation by buying it all, then using that Bitcoin as collateral to create digital credit. He claimed this strategy strips the risk out of Bitcoin while guaranteeing a perpetual 10% return. Total BS.

— Peter Schiff (@PeterSchiff) December 10, 2025

Cardano saw a significant 37,655% activity surge on the futures market as traders positioned ahead of one of the most consequential Federal Reserve decisions of the year.

The Fed policy decision is awaited today, Dec. 10. Investors will look for clues as to the Fed’s policy path at today's Fed meeting, as well as the tone of Chair Jerome Powell’s final press conference of 2025.

Ahead of this macro signal, the broader crypto market is trading higher, with most coins in the green.

Cardano outperformed the rest of the top 10 cryptocurrencies, with an 11% jump on the day. The coin is up nearly 7% for the week, with Ethereum only ahead with a 9.06% gain.

Amid the price surge, Cardano has increased 37,655% in futures volume on the Bitmex crypto exchange to surpass $105.65 million traded in the last 24 hours.

Cardano's open interest (OI), which refers to the total number of outstanding futures or options contracts on the market, has risen in tandem.

According to CoinGlass data, Cardano's OI has risen 10.93% to $813.70 million, indicating that the recent price surge was supported by leverage buying.

Cardano boosted by network developments

Cardano has steadily risen since Dec. 7, as expectations of positive developments in its ecosystem grew. Tuesday's surge was the largest, with Cardano increasing from $0.423 to $0.489.

A 70 million ADA treasury withdrawal has been approved by the Cardano community to fund infrastructure integrations, marking a historic coordinated effort for the network. The budget proposal gained over 71% support in a governance vote, marking the fastest approval since Cardano's governance began.

NIGHT, the network's native token, officially launched as a Cardano Native Asset (CNA) on Dec. 4, with plans now to transition the Midnight network into a fully decentralized mainnet.

Midweek on the crypto market opens with that classic "nothing huge on the chart, but everything important is brewing under the surface" feeling.

The charts are not exploding, yet narratives are lining up: Solana keeps poking the XRP crowd, SHIB’s order books show fresh activity instead of fatigue and a nine-figure Bitcoin transfer from a SpaceX wallet reminds everyone that Elon Musk’s private empire still sits right in the middle of the crypto-capital conversation.

TL;DR

Axelar bridge to bringXRP and RLUSD into the Solana ecosystem.Shiba Inu’s 24-hour volume jumps about 33% to nearly $152 million, while the price adds around 6%.SpaceX moves 1,021BTC worth about $94.48 million to new wallets, likely Coinbase Prime custody, with zero public comment from Musk.XRP may be days away from entry into Solana

Over the last 48 hours, Solana has been openly courting the XRP community. First came the now legendary "589" post, which took aim at one of the oldest XRP memes based on a long-running Simpsons-style prophecy. Then the main Solana account doubled down, with a medieval meme placing XRP alongside Bitcoin and SOL, which suggests a level of commitment beyond mere engagement-chasing.

Prominent community member Crypto Eri spelled out the most realistic scenario in one tweet: the real news that is hinted there could be announced at Solana Breakpoint, where a bridge powered by Axelar for XRP andRipple's RLUSD stablecoin will be unveiled. This would finally enable Solana to pull XRP liquidity into its DeFi stack in a clean, permissionless way, rather than waiting on centralized wrappers.

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If this is what is coming, the use cases line up instantly: XRP and RLUSD could be used for lending, borrowing and yield farming, as well as filling arbitrage routes across Solana DEXes. They could also be staked in liquidity pools instead of sitting inactive on centralized exchanges.

Games and NFT projects will gain a direct XRP payment rail and a branded stablecoin in RLUSD, while regular users will finally have a way to move value between the XRP Ledger and Solana without using an exchange.

What might be announced at @solana Breakpoint?Likely👉@axelar bridge for $XRP & $RLUSD to flow directly into the Solana ecosystem.Why? 1. Lend, borrow, yield-farming 2. Arbitrage on Sol Dex3. Stake in Pools4. XRP in Game/NFTs5. RLUSD paymentsBring it home @luke_judges pic.twitter.com/ywqEFQ7D52

— 🌸Crypto Eri ~ Carpe Diem (@sentosumosaba) December 10, 2025

None of this has been confirmed in writing yet, but the social signaling is too specific to ignore. Solana does not tag Ripple’s CTO David Schwartz, quoteXRP memes or put the coin next to BTC and SOL in a single visual without reason.

For now, XRP is trading at its own levels, but the narrative is simple: if the bridge is real, it will become a first-class asset in one of the most active DeFi ecosystems in crypto.

Shiba Inu (SHIB) rockets 33% in volume in just 24 hours

Shiba Inu coin spent the last day defying expectations of a sleepy meme coin. According to CoinMarketCap, SHIB's 24-hour trading volume increased by around 33% to $151.12 million, and the price rose by about 6% within the same time frame. The live quote is currently around $0.0000085, with a market capitalization slightly above $5.02 billion.

The volume-to-market-cap ratio of close to 3% confirms that this was real participation and not just background noise. On the Binance intraday chart, the SHIB price rose to the $0.0000089 area before falling back to the $0.0000085 zone, where a new wave of orders appears to be clustering.

This behavior suggests that traders are testing an important support area rather than walking away from it.

A 6% vertical jump coupled with a one-third increase in volume is the kind of move that often precedes a bigger attempt if the market continues at the same level.

For now,SHIB appears to be a meme coin whose holders have decided to defend this zone. As long as the price holds this support cluster, the market can continue to build a foundation for further growth instead of sliding into a deeper correction.

Elon Musk keeps silence as SpaceX moves $100 million in Bitcoin

On-chain data from Arkham shows that a wallet labeled "SpaceX" moved 1,021 BTC worth around $94.48 million to three new addresses. Common sense suggests that the coins are being prepared for Coinbase Prime custody, which is where you would store treasury Bitcoin if you require institutional-grade storage and execution.

The same SpaceX cluster has a history of sending large amounts of BTC to Coinbase Prime and related custody services, and the latest transfer follows this pattern: an internal reshuffle with no public announcement, but also clear confirmation that the company still considersBitcoin to be part of its capital portfolio.

At the same time, according to Bloomberg sources, SpaceX is working toward a mid-2026 IPO that could raise up to $30 billion, suggesting a valuation of around $1.5 trillion. This would make it the largest listing in market history.

While most of Elon Musk’s companies remain private, the days when he could fund them all via Tesla alone are fading. Step by step, the structure is moving toward public offerings, external capital and more transparent balance sheets.

However,Musk has said nothing about this latest BTC move. No tweet, no comment, no "to the moon" line.

Crypto market outlook

The midweek tone is cautious but still holding up, driven mostly by memes and corporate moves, but all of that takes a back seat today because the FOMC is about to flip macro into the main catalyst again.

Bitcoin (BTC): Trades around $92,200 with resistance stacked near $95,000 and a support pocket in the $88,000-$90,000 zone.

XRP: Holds near $2.07 with overhead levels at $2.20-$2.30, with strong support forming around $2.

Shiba Inu (SHIB): Sits near $0.0000085, with resistance in the $0.0000092 area and support at $0.0000083.

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More than eight trillion SHIB left centralized exchanges in a 24-hour period, making it one of the biggest single-day exchange outflow events in months. When that volume of liquidity leaves exchanges, it typically indicates one of two things: either large holders' strategic repositioning, or accumulation. The first option is much more likely given SHIB's recent actions.

Shiba Inu remains trapped

With the 200-day MA serving as a distinct ceiling that the price has repeatedly failed to break, SHIB is still trapped beneath its longer-term moving averages on the chart. The RSI continues to hover in the mid-40s, volume is erratic and decreasing, and momentum is weak, all of which are classic indicators that the market has not yet found strong directional conviction.

Nevertheless, rather than continuing to bleed out, the price is stabilizing above local lows, creating a short-term consolidation range. That alone indicates that the negative is being mitigated.

When you combine this with the eight trillion SHIB outflow, the story becomes more apparent. In order to lessen sell-side pressure, large holders withdraw liquidity from exchanges when they intend to hold, stake, deploy into DeFi, or just take tokens out of circulation.

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Another layer is that SHIB has recently seen alternating spikes in inflow and outflow, indicating uncertainty among smaller traders, while whales behave more surgically. A weeks' worth of cumulative exchange liquidity for SHIB is essentially erased by such a large outflow. This lessens the quantity that can be sold on the market during periods of volatility, which usually raises the amplitude of subsequent movements, whether they are upward or downward.

Despite weak technicals, there has not been any significant selling, so upward is still more likely. Increased volatility, delayed but strengthening accumulation trends, and the possibility of a medium-term base developing below the current price are what investors should anticipate next.

Ripple’s latest streak of big deals has pushedIPO talk back into the market, and as more investors try to grab pre-IPO exposure through secondary brokers,Ripple CTO David Schwartz stepped in with a reality check, laying out six pain points that shape private-stock buying today — not because they are tied toRipple but because these issues show up every time enthusiasm runs ahead of how the secondary market actually works.

First, there is the issue of pricing, where secondary brokers often give solid-looking quotes based on partial or unreliable data. This means buyers walk into negotiations without knowing if the "market price" they are shown has any real basis.

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Since brokers make more when the price is higher, and sellers want the same, the buyer ends up as the only one keeping the numbers in check. This makes a simple deal into a slow and lopsided process.

(None of this is Ripple specific at all and I definitely don't want to either encourage or discourage anyone to or from buying or selling Ripple stock on secondary markets.)There are a few serious issues with buying stock in privately held companies through secondary market…

— David 'JoelKatz' Schwartz (@JoelKatz) December 10, 2025

Schwartz also mentioned the information gap, since private companies do not publish anything like public market disclosures, leaving buyers with hardly any visibility.

Meanwhile, insiders — who usually know a lot more and are often the ones selling — sit on the other side of the trade. This creates a setup where the buyer is always playing catch-up.

Execution matters too

The tricky part is that deals can drag on for weeks because of ROFR steps, company approvals or administrative delays. This leaves buyers waiting while market conditions change around them. And once you add in the fees — 5% for the buyer and 5% for the seller, included in the buyer's final cost — it is no longer a shortcut to an IPO.

It becomes a long, expensive detour, where excitement does not make things any easier.

The chart finally shows a market that has stopped bleeding and begun to fight back, and Ethereum is about to enter a structurally critical phase. ETH has successfully reversed from the $2,700-$2,800 range after months of cascading sell pressure, printing a series of higher lows and pushing hard toward the cluster of moving averages overhead. At a time when Ethereum's fundamentals and whale behavior are aligning in a way the market has not seen in months, this is precisely the type of behavior that precedes significant trend shifts.

Ethereum's biggest battle

As a result of the rally, ETH has now reached its most significant ceiling, the 50-day EMA. This indicator has historically served as a turning point between breakout-driven momentum and midterm bearish continuation. In addition to being the level most likely to cause a degradation of the short-term rally, the price is currently pushing directly into it with convincing force.

Here, sellers who made it through the most recent reversal will be defending hard, and markets seldom break through a technical barrier like this without at least some hesitation. However, the resistance might prove to be short-lived not due to retail zeal, but rather to whale accumulation that keeps getting stronger below the surface.

ETH has landed

The decline in volumes that leaves little opportunity for misunderstanding has been purchased by large accounts. Tens of thousands of ETH are now loaded onto addresses with histories of realized profits totaling millions of dollars. They are aiming for a structural repricing rather than a dead-cat bounce.

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This accumulation base serves as a liquidity anchor as well as a vote of confidence. Any short-term decline is more likely to find solid support than to cause a complete retrace if whales are prepared to buy heavily into the 50 EMA. A long-awaited break in the pattern of lower highs and lower lows has already occurred in the market in the form of a massive momentum pivot.

The market structure is pointing upward, volume is increasing, price strength is returning and whales are building significant exposure, so $5,000 is no longer a fantasy target but rather a real technical trajectory. Although the game-changing move by Ethereum has not yet been confirmed, the setup is at last moving in the right direction.