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XRP has fallen below the key $2 psychological support level as bearish pressure intensifies across the broader market. The altcoin’s decline has accelerated over the past week, prompting significant selling from major holders. This shift in behavior from large investors has amplified downward momentum and weakened XRP’s short-term outlook. XRP Whales Switch Their Stance Whales
- Malaysia's TNB reports $1.1B losses from 2020-2025 due to 13,827 crypto mining sites bypassing electricity meters, primarily for Bitcoin . - Authorities deploy smart meters, AI analytics, and joint operations to combat theft, while landlords face liability for tenants' illicit mining costs. - Regulatory gaps persist as crypto mining remains legal but meter tampering is prohibited, with 300% case growth since 2018 and 45 landlords owing $2.1M. - Experts warn Malaysia's low energy rates and 4,000+ potentia
- Pudgy Penguins (PENGU) token's price swings reflect broader crypto downturn and project-specific dynamics, driven by Bitcoin's volatility and macroeconomic risks. - Technical indicators show mixed signals, with whale activity and on-chain data suggesting potential rebounds amid $0.009 "shakeout" level risks. - Regulatory scrutiny under U.S. GENIUS Act/EU MiCA and USDT dependency pose fundamental risks, while Pudgy Party game adds utility. - Fed rate cuts in late 2025/early 2026 could boost liquidity, but
Quick Take Summary is AI generated, newsroom reviewed. 21Shares posted a teaser to the "XRP Army," signaling its spot XRP ETF launch is likely just days away. The firm filed an updated S-1/A document, including the Authorized Participant Agreement, a final step before trading begins. The launch adds to market momentum following NYSE Arca approval for Grayscale and Franklin Templeton XRP ETFs. Analysts project combined inflows across new XRP products could potentially reach $10 billion over time.References
Quick Take Summary is AI generated, newsroom reviewed. NYSE approves Franklin Templeton and Grayscale XRP ETFs under the 1934 Act. Trading begins November 24, marking XRP’s biggest regulatory milestone. Franklin Templeton brings $1.6T institutional influence and fee waivers. Grayscale converts its existing trust into a fully liquid spot ETF.References X Post Reference
Quick Take Summary is AI generated, newsroom reviewed. Ethereum spot ETFs record $55.71M in net inflows on Nov 21. Fidelity’s FETH leads with $95.3M inflow, dominating the day. FETH cumulative inflows climb to $2.542B. Competitor ETFs see ~$39M in outflows.References X Post Reference