3 hours ago
XRP tokens surged more than 5% in the past 24 hours to drive gains among majors in the past 24 hours as a Thanksgiving holiday saw bitcoin (BTC) avoid a feared historical “massacre,” with a slight uptick across the market. BTC rose above $96,000 in the early hours Friday, a steady rise from Thursday’s lows of $93,500. Ether (ETH), Solana’s SOL, and BNB were little changed, Cardano’s ADA moved 3.5%, and dogecoin (DOGE) lost 1.2%. The broad-based CoinDesk 20 (CD20), a liquid fund tracking major tokens, added 1.3%. Algorand’s ALGO and Worldcoin’s WLD jumped as much as 21% to lead gains among midcaps on no immediate catalysts. The crypto market’s moves in Asian hours came as the Japanese yen broke a key level against U.S. dollars. The yen briefly strengthened past 150 against the dollar due to expectations of a Bank of Japan (BOJ) rate increase in December, spurred by higher-than-expected Tokyo inflation data. The movement was likely accentuated by month-end financial adjustments and low liquidity due to Thanksgiving. Market sentiment leans towards a 63% chance of a BOJ rate hike, contrasting with a 67% likelihood of a Fed rate cut, which could reduce the attractiveness of yen carry trades. Yen is colloquially known as an "anti-risk" currency and is seen as a safe-haven currency that investors turn to during times of stress. Yen`s outperformance at the end of July and September has previously catalyzed the unwinding of carry trades, or bullish risk-on bets, financed by relatively cheap yen-denominated loans as it became more expensive to borrow the Japanese currency. A CoinDesk analysis earlier this week signaled bitcoin`s bullish run has weakened, with the Aussie dollar/Yen exchange rate dropping, signaling a risk-off mood. The AUD, linked to global economic health, and the yen tend to affect risk assets like BTC inversely. This scenario echoes an earlier period when a yen surge due to BOJ rate hike rumors led to an 8% drop in AUD/JPY and a $20,000 fall in BTC, showing the potential impact of FX movements on cryptocurrencies.
CoinDesk
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Source: CoinDesk
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Markets Bitcoin Japan XRP
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Solana Memecoin Santa Trump (SANTRUMP) to Skyrocket 15,000% Ahead of Exchange Listing, While Dogecoin and PEPE Fall
Santa Trump could turn early investors into multi-millionaires, like other memecoins, such as Shiba Inu (SHIB) and Dogecoin (DOGE), did. Santa Trump (SANTRUMP), a Solana memecoin launched today, is set to explode over 15,000% in price in the coming days. This is because SANTRUMP is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and cause its price to rally, which will benefit investors who buy before these new exchange listings. Currently, Santa Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Santa Trump could become the next viral memecoin. Santa Trump launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. To buy Santa Trump on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Santa Trump by entering its contract address – 8ZaP3RBCDK2qBaNEcAqJqrL8c2hcYLtYrVNhpuSgR3rW – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. Early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like SANTRUMP. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. CoinDesk
Solana’s Co-founder Announces Shift Towards Multi-Signature Solutions
Yakovenko emphasizes the importance of multi-signature solutions for Solana`s future. Drake suggests Ethereum`s advancements could surpass Solana`s capabilities. Continue Reading: Solana’s Co-founder Announces Shift Towards Multi-Signature Solutions The post Solana’s Co-founder Announces Shift Towards Multi-Signature Solutions appeared first on COINTURK NEWS . CoinDesk
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