Ripple CEO Brad Garlinghouse announced that the company has obtained conditional approval from the US Office of the Comptroller of the Currency to establish Ripple National Trust Bank, calling it a massive step forward for the firm. The move is framed as a key milestone for Ripple's RLUSD stablecoin under both federal and New York state oversight, while similar trust bank approvals or conversions have also involved Circle, BitGo, Fidelity, and Paxos.

Bitcoin briefly plunged from around $92,300 to $89,600, erasing roughly $3,000 in minutes and slipping below $90,000. Ethereum dropped 4.5% to just above $3,000, while wider market losses pushed total liquidations to $415 million, including $163 million in the latest hour.

According to the article, the US Federal Reserve delivered a 25 BPS rate cut on Wednesday, its third consecutive reduction in 2025, while Bitcoin defended the $90,000 area. BTC hit $94,500 on Tuesday, slipped to $89,500 after the decision, then rebounded above $92,000. ZEC extended its Q4 advance, rising more than 18% to $460 for the week.

Bitcoin rose above $91,000 on December 2, 2024, posting its largest single-day percentage gain since May. The rally forced liquidations of more than $300 million in short positions within 24 hours, CoinGlass data show. The advance followed a drop below $84,000 the previous day.

Large holders drove Bitcoin's recovery from below $81,000 to over $93,000 in the past week, on-chain data show. Retail trader activity remains significantly lower than in previous bull cycles. Spot Bitcoin ETFs recorded net inflows of $70.2 million for the week, marking the first positive flows since early October.

Dogecoin has risen 10% over the past week to $0.15. Analyst Ali Martinez identifies critical support at $0.08 and resistance at $0.20 as key levels that could determine the asset's next directional move.

A valuation dashboard developed by Hashed CEO Simon Kim indicates Ethereum may be trading significantly below its intrinsic value. Using 12 methodologies, the composite fair value calculation places ETH at $4,869, compared to its current market price near $3,000. The analysis incorporates traditional finance frameworks and crypto-native metrics to assess the asset's value.

CoinShares has withdrawn all pending spot cryptocurrency ETF applications in the United States, including products tracking XRP, Solana, and Litecoin. The decision follows strong institutional demand, with XRP ETFs attracting over $660 million and Solana ETFs drawing approximately $620 million in net inflows since launch. CEO Jean-Marie Mognetti cited limited differentiation potential and constrained profit margins as the U.S. crypto ETP market consolidates around major institutions.

Bitcoin has recovered more than $10,000 since dropping to $81,000 on Friday, climbing back above $92,000. The broader cryptocurrency market capitalization has gained over $300 billion during the rebound, reaching $3.23 trillion. The recovery follows a 35% decline from Bitcoin's early October all-time high near $107,000.