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XRP (CRYPTO: XRP) rebounded 2% after tagging an important support level, with derivatives traders trying to push the price higher.
Bulls Defend Long-Term Trendline Support
Price Prediction of XRP as of November 26th (Source: TradingView)
The rebound carried price back above the 20 EMA at $2.20, confirming that short-term trend strength has returned.
XRP price still faces a dense resistance band formed by the 50 EMA at $2.37, the 100 EMA at $2.52, and the 200 EMA at $2.52.
The next major test sits at the 0.5 Fibonacci level at $2.26, followed by the 0.618 level at $2.31.
A daily close above both levels may open a path toward $2.52, where trendline resistance converges with long-term moving…
Read more on Benzinga
Bitcoin price ripped higher above $90,000 on Wednesday, extending a sharp rally fueled by accelerating institutional demand and a new wave of Wall Street–engineered crypto products.
The surge followed fresh disclosures showing BlackRock increasing its exposure to its own spot Bitcoin ETF, and JPMorgan pitching a complex, high-stakes structured note tied directly to BlackRock’s IBIT fund.
Bitcoin price touched 24-hour lows of $86,129 before rebounding above $90,300, continuing a volatile upswing that has defined the fourth quarter.
BlackRock’s latest regulatory filing shows the Strategic Income Opportunities Portfolio now holds 2,397,423 shares of IBIT, valued at $155.8 million…
Read more on BitcoinMagazine
South Korea’s race to build a Korean won-pegged stablecoin escalated today as KakaoBank signaled a move from planning to active development, while rival tech giant Naver officially confirmed a $10.3 billion merger with the nation’s largest crypto exchange.
The stakes extend far beyond corporate competition. South Korea is mounting one of Asia’s most aggressive challenges to U.S. dollar hegemony in digital finance, with nearly every citizen potentially gaining access to won-stablecoins through platforms they already use daily.
Tech Giants Advance Infrastructure
KakaoBank Corp. (KRX: 323410) began recruiting blockchain developers today, signaling its stablecoin project has entered the…
Read more on Benzinga
Crypto regulation in the UK is taking a major step forward as Eunice partners with leading firms like Coinbase, Kraken to develop a new solution for transparent cryptoasset disclosures. The project, now underway in the FCA’s Regulatory Sandbox, aims to help consumers better understand digital assets and the risks involved before investing.
A working group led by Eunice has created standardised industry disclosure templates designed to make it easier for crypto firms to meet documentation requirements. The templates will be tested in the Sandbox to maximise transparency, with results expected to shape the FCA’s future rules for the sector. Eunice’s CEO Yi Luo says the initiative marks a significant move toward integrity and clarity in the fast-growing digital asset market.
FCA innovation chief Colin Payne encouraged more firms to apply to the Sandbox, noting the regulator’s commitment to building a safer and more competitive crypto environment. The effort forms part of the FCA’s wider Crypto Roadmap, ahead of new rules set for 2026.
Key Takeaways
JPMorgan shut Mallers’ accounts without a clear explanation.
Bitcoin supporters view it as part of broader industry pressure.
The move sparks doubts about the bank’s compliance with Trump’s order.
Criticism of JPMorgan Chase is growing after the bank closed the personal accounts of Jack Mallers, CEO of the Bitcoin payments company Strike.
The closure happened without warning, and many people in the Bitcoin industry believe it is another example of U.S. banks quietly refusing to work with Bitcoin companies and their leaders.
Mallers said the bank closed his accounts in September and did not give a real explanation. He said that every time…
Read more on bitcoinnews
JPMorgan Chase has announced a new derivative-style investment tied to BlackRock’s massive iShares Bitcoin Trust (IBIT), giving investors a chance at major gains without directly holding crypto. The proposal, filed with the SEC, lets investors benefit if IBIT dips over the next year but surges by 2028—a structure many see as bullish for long-term Bitcoin confidence.
The notes set a target price for IBIT next month. Should IBIT meet or exceed that level in a year, the product automatically pays investors a minimum 16% return. If the price falls short, the investment continues until 2028. A strong Bitcoin rally by then could reward buyers with unlimited upside at 1.5x gains, while offering full principal protection as long as IBIT isn’t down more than 30%.
The move highlights Wall Street’s increasing embrace of crypto-linked products. JPMorgan’s offering follows similar structures from Morgan Stanley and underscores shifting attitudes in traditional finance toward Bitcoin’s long-term potential.