This week’s crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple’s Stablecoin, XRP overthrowing BNB with a $100 billion market cap, XLM’s 50% surge following a Grayscale Stellar Lumens Trust filing, and FIFA’s new NFT game.
Additionally, Binance has delisted eight altcoin trading pairs from its spot market, while MicroStrategy is planning to add more Bitcoin to its portfolio. Here are the top crypto news this week:
Grayscale Filing Boosts Stellar Lumens (XLM) Price by 58%
Stellar Lumens (XLM) surged by 58% this week, reaching $0.53—its highest price since 2021. This sharp increase follows a 10-K filing from Grayscale Investments for its Stellar Lumens Trust. The filing, submitted on November 23, detailed a 10% growth in the trust’s net assets over the last fiscal year.
A 10-K filing provides detailed financial information and risk factors for publicly traded companies. The positive sentiment surrounding the filing likely fueled the strong market response for XLM.
“Stellar recently broke and closed above a key weekly horizontal resistance. Retesting the broken structure, the price broke a resistance line of a falling wedge pattern on a 4H time frame. It indicates a strong bullish potential and a highly probable coming-up movement. I expect a growth at least to 0.6 level,” popular crypto enthusiast Andrew Griffiths wrote on X (formerly Twitter).
Ripple Stablecoin Approval Expected by December 4
Ripple is preparing to launch its regulated stablecoin, RLUSD, pending approval from the New York Department of Financial Services (NYDFS). As BeInCrypto reported, the
Go to Source to See Full Article
Author: Mohammad Shahid
