Texas Strategic Bitcoin Reserve | First Purchase of $5M

Key Takeaways

The Texas Strategic Bitcoin Reserve made its first purchase via BlackRock’s IBIT ETF.

The state plans to transition from ETF holdings to direct self-custody of bitcoin.

Texas’ move positions it as the frontrunner in government-level bitcoin adoption, potentially influencing other states.

Texas has made U.S. history by becoming the first state government to buy bitcoin for its treasury. The state purchased $5 million worth of bitcoin on November 20 through BlackRock’s spot Bitcoin ETF, known as IBIT.

The announcement was made on X by Lee Bratcher, president of the Texas Blockchain Council. Bratcher confirmed the news and said officials had…

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XRP Rebounds Above $2.20: Does Technical Analysis Support A Rally?

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…

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Bitcoin Price Roars Past $90,000 On Strong Wall Street News

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…

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South Korea’s Stablecoin War Heats Up As Tech Giants Race To Challenge Dollar Dominance

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…

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