21Shares, a major European crypto ETP issuer, is preparing to launch its U.S. spot XRP ETF (ticker TOXR) after the SEC approved its Form 8-A on Nov. 20 for listing on the Cboe BZX Exchange. Spot XRP ETFs from Canary Capital, Bitwise, Grayscale and Franklin Templeton went live around mid-November and have already amassed more than $1 billion in net assets. Collectively, those funds have locked 498.41 million XRP.

Shiba Inu recorded its highest whale-transfer activity since June 6 as more than 1.06 trillion SHIB flowed into exchanges on December 9, according to Santiment. The spike in large-holder behavior coincided with a 6% price increase and may signal heightened volatility in the days ahead.

Mike McGlone, senior commodity strategist at Bloomberg Intelligence, expects Bitcoin to close 2025 below $84,000. McGlone, who has more than 25 years of futures trading experience, views a sub-$84,000 finish as more likely than a rally above $94,000. He cites risk-off sentiment across equities and commodities as the primary driver.

MicroStrategy will not be compelled to liquidate its Bitcoin holdings even if removed from MSCI indexes, according to Matt Hougan, Chief Investment Officer at Bitwise. The company holds $60 billion in Bitcoin and $1.4 billion in cash, with no debt conversion scheduled until February 2027. Hougan emphasized that no mechanism exists to force cryptocurrency sales simply because the stock price falls below net asset value.

Ethereum's price rose above $3,200 on Tuesday, propelled by accumulation from shark wallets holding 1,000 to 10,000 ETH. The network recorded 190,000 new wallet addresses in a single day, reflecting strong demand. The rally coincided with the mainnet launch of the Fusaka upgrade, Ethereum's latest hard fork aimed at scaling data availability for Layer 2 rollups.

Bitcoin reached an intraday high of $91,107 after falling below $84,000 earlier this week, data show. The recovery reversed losses triggered by hawkish Bank of Japan remarks and fresh Chinese regulatory actions. Institutional moves, including Vanguard's cryptocurrency ETF access and Bank of America's Bitcoin allocation policy, supported the rally.

Vanguard, which manages over $11 trillion in assets, has reversed its longstanding ban on cryptocurrency products, now permitting clients to trade Bitwise's XRP exchange-traded fund. The policy shift grants more than 50 million customers access to select crypto ETFs and mutual funds holding digital assets. Bitwise CEO Hunter Horsley confirmed the development through social media.

Bitcoin dropped to an intraday low of $85,694 after China's central bank issued a renewed warning against cryptocurrency activities, according to CoinGecko data. The People's Bank of China stated that crypto-related operations remain illegal and criticized stablecoins for failing to meet anti-money laundering standards.

XRP futures open interest has dropped from 1.7 billion XRP in early October to 0.7 billion XRP, a decline of nearly 60%, data show. The funding rate for perpetual contracts fell from 0.01% to 0.001% over the same period, reflecting reduced bullish conviction among traders.