XRP rate jumped by 25% in a day and exceeded the $1.11 mark

Monitoring resources record a significant increase in the XRP crypto asset. In the period from November 9 to November 16, 2024, the token jumped in price by 101% and exceeded the $1.11 mark, according to TradingView.

In monthly terms, the value of XRP increased by 104%. Since the beginning of 2024, the token has grown in price by 81.6%. The asset's market capitalization is $61.8 billion. Thanks to the rally in recent days, XRP has managed to bypass Dogecoin (DOGE) in this indicator.

 

The Thala protocol managed to return $25 million stolen by a hacker

The Thala protocol team managed to return stolen assets for $25 million. The project lost the funds as a result of a hack that occurred on November 15, 2024.

According to available information, the network raid allowed the hacker to withdraw various assets worth more than $25 million from the Thala liquidity pool. These included Move Dollar (MOD) coins and project management tokens.

To hack the protocol, an unknown person used a vulnerability in the Thala v1 smart contract. At the time of writing, the developers are analyzing this problem.

The project team noted that after the hack, law enforcement agencies, as well as specialists in the return of stolen funds from SEAL 911 and Ogle Security Group, joined the investigation. This allowed them to quickly contact the hacker.

During the negotiations, the developers reached an agreement with the author of the hack on the return of assets. The hacker, in turn, received a reward of $300,000. Thala representatives noted that the unknown person responded very readily to the proposal to resolve the incident and disclosed the details of the hack.

 

BONK, MOG, AND BRETT REACH RECORD HIGHS

Bonk (BONK), the second-largest Solana meme coin by market cap, hit a new high of $0.000047 on Friday, breaking its record since May, and then climbed even higher on Saturday, jumping to a new all-time high above $0.000049. It is currently up 120% over the past week, according to CoinGecko data.

The pump comes after the project launched a campaign to burn up to 1 trillion BONK — more than $39 million to date — by Christmas based on various engagement criteria, encouraging fans and community members to complete tasks on social media. Token burning reduces the token supply, increasing scarcity and potentially increasing the price as a result.

However, other major meme coins also hit highs on Friday without such schemes. Brett (BRETT), a meme coin on the Ethereum Layer-2 Base network, hit a new high above $0.19 on Friday evening, while Mog Coin (MOG) jumped to a new all-time high of $0.0000029.

A couple of other recent meme coins also hit new highs, with Goatseus Maximum (GOAT) — a token conceptualized by an AI chatbot but created by a human — jumping to $1.30 on Saturday. And Moo Deng (MOODENG), a Solana token inspired by a baby pygmy hippo that recently went viral, set a new peak price of $0.68.

 

Weekly NFT sales jump 94% to $181 million as cryptocurrency surges.

Non-fungible token (NFT) sales have skyrocketed to $181 million in the past week, up 94% from the previous $93 million, according to CryptoSlam data from Nov. 17.

This significant increase is in line with the ongoing bull run in the cryptocurrency market.

Ethereum (ETH) led the way with $67 million in NFT sales, up 111% from last week.

Bitcoin (BTC)--based NFTs followed closely behind, recording $60 million in sales, up 115% over the same period.

Other blockchains, including Solana (SOL), Mythos (MYTH), Immutable, Polygon (MATIC), and BNB (BNB), collectively brought in $45.5 million in weekly sales. The average NFT transaction value also increased significantly, reaching $133.08 over the past week, up 87% from $71.11 the previous week.

 

Bitcoin Surges $94,000 on Trump Media Plans to Buy Crypto Exchange

Bitcoin has surged above $94,000 for the first time in history amid reports that Donald Trump’s Trump Media & Technology Group (TMTG) is in talks to acquire cryptocurrency exchange Bakkt, Reuters reports, citing trading data.

By the end of trading on November 19, Bitcoin had risen to an all-time high of $94,078 before falling to $92,104, Reuters reports. It is currently trading at $98,192, having broken previous all-time highs.

 

Trump Considering First-Ever White House Cryptocurrency Policy Officer

President-elect Donald Trump’s team is in talks with digital asset industry representatives about the feasibility of creating a new White House position dedicated exclusively to cryptocurrency policy. Bloomberg reported this on November 20.

Trump's team is already selecting and vetting candidates for the position, the publication's sources say. If such a position is created, it will be the first job in the White House related to cryptocurrency, which will highlight the influence that the nascent industry could have on the future administration.

During the discussion, it was proposed, in particular, to appoint a responsible person with a small staff acting as a "link" between Congress, the White House, and agencies with jurisdiction over cryptocurrencies - the Commodity Futures Trading Commission, and the US Securities and Exchange Commission (SEC). However, it is unknown whether this will be a senior White House employee or a so-called "crypto czar", a person overseeing cryptocurrency policy in the federal government.

 

WisdomTree Launches XRP-Based Physical ETP on Major European Exchanges

WisdomTree recently launched a cryptocurrency exchange-traded product (ETP) called WisdomTree Physical XRP (XRPW). It is now available on major European exchanges including Deutsche Börse Xetra, the SIX Swiss Stock Exchange, and Euronext in Paris and Amsterdam. XRPW has a management expense ratio of 0.50%, making it the most accessible ETP in Europe for investing in XRP #XRP.

This ETP provides investors with a simple, secure, and cost-effective way to invest in XRP. It is fully backed by XRP, ensuring direct exposure to the cryptocurrency’s spot price through a trusted structure. The dual custody system includes regulated custodians who manage the assets, which are securely stored in cold storage.

XRP is the native digital currency of the XRP Ledger (XRPL), which runs on open, permissionless, and decentralized blockchain technology. XRPL uses a Proof-of-Association (PoA) consensus method backed by a coalition of universities, exchanges, companies, and individuals, offering a more efficient alternative to the traditional Proof-of-Work (PoW) model.

 

UK to create comprehensive cryptocurrency regulation framework by early 2025

A Treasury spokesman promised that a draft regulatory framework for crypto assets would be ready in the UK early next year at the City & Financial Global tokenization summit in London on November 21.

Some regulations were expected to be introduced last summer, but the general election and Prime Minister Rishi Sunak’s Conservative government canceled those plans. Now, Keir Starmer’s Labour government, set to take office on July 5, 2024, will introduce the regulations.