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XRP's pumping - here's what triggered it

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Plus: PPI surprise puts Fed rate cuts back in play

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GM. If crypto headlines were fruit, we'd deliver them chilled and seedless.

Here's what we hand-picked for today:

🍍 Fed rate cuts back on the table?

☕️ Wall Street's now serving XRP;

🍋 ECB sees no stablecoin disruption, new AI tool Palo for creators + more

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🍍 Market flavor today

Fear and Greed Index
Find out more about the Fear & Greed Index here.

 Crypto Market Cap: $2.97T 0.71% (24H)
  Name   Price 24H 7D
Bitcoin Bitcoin BTC $86,813.00 -0.03% -6.68%
Ethereum Ethereum ETH $2,892.57 1.75% -7.40%
XRP XRP XRP $2.18 4.06% -1.39%
BNB BNB BNB $846.23 0.08% -8.92%
Solana Solana SOL $134.93 2.11% -3.41%
Prices as of 12:00 PM EST. Click here to see live data.

Today's market feels like someone opened a window in a very sweaty room. Not fresh air, exactly, but enough breeze that everyone remembered how to breathe 😮‍💨

The change started when the PPI inflation data dropped.

Quick explainer: PPI = Producer Price Index. It's inflation at the wholesale level, aka the prices businesses pay, before those costs hit consumers.

👉 If PPI is hot, the Fed freaks out because higher producer costs usually mean higher consumer prices later;

👉 If PPI is chill, the Fed relaxes a bit because inflationary pressure might be easing.

And today, Core PPI clocked in at 2.6%, a bit cooler than the 2.7% expected and down from 2.9% last month.

What this tells us: producer inflation didn't just come in slightly under expectations - it actually eased, which can be taken as a sign that the Fed might cut interest rates next month.

(Which could be bullish for crypto.)

Target rate probabilities, 11-25

Source: CME FedWatch

And the market, starving for any positive macro signal, took this idea with both hands.

👉 Bitcoin touched $88K for a moment. Nothing crazy, but after the $115K → $80K drop we suffered this month, even the tiniest bounce feels like emotional relief;

👉 Total crypto market cap climbed near $3.1T;

👉 And while we're still in Extreme Fear, we're now getting closer to just Fear... which is... still something.

Oh, and if you looked at the price table, you might've noticed that XRP's doing a bit better than the other majors today.

Why? Continue reading to find out 👇

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🥝 Memecoin harvest

Memecoins moonwalking like there's no tomorrow 🕺

Data as of 09:33 AM EST.

Check out these memecoins and plenty more here.

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☕️ Wall Street's now serving XRP

Aaanyways... where was I?..

Oh, yeah, XRP's pumping.

That happened because multiple XRP spot ETFs launched on major US stock exchanges.

👉 Canary Capital was first out of the gate on Nov 13;

👉 Bitwise followed on Nov 20;

👉 Franklin Templeton and Grayscale dropped theirs on Nov 24.

Grayscale's tweet introducing XRP ETF

Source: @Grayscale

Now, think of ETFs as the bridge between two worlds:

World 1: crypto exchanges, memes, private keys, self-custody;

World 2: retirement accounts, wealth managers, your dad's Fidelity login.

Until now, XRP mostly lived in World 1.

These ETFs basically built a legal, SEC-blessed tunnel straight into World 2 - a world that controls trillions of dollars.

So once that tunnel opened, a whole lotta money started coming through: hundreds of millions of dollars flowed into these funds within days.

And when that happens, the ETF has to go out and buy real XRP to back all that investor money. Which they did.

XRP price chart from BitDegree, 11-25

Source: BitDegree

And sure, there are angles worth keeping in mind:

👉 Will the hype cool off? Maybe.

👉 Will institutions move slowly and carefully? Definitely.

👉 Does this eliminate risk or volatility? Absolutely not.

But it does something more subtle: it normalizes XRP.

Which is a lot. Crypto doesn't go mainstream by becoming safer; it goes mainstream by becoming familiar.

And these XRP ETFs bring the kind of comfort that could make millions of regular people say, "Oh... if it's on the stock market, I can handle that."

Let's just hope they actually do 👀

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🍋 News drops you can't miss

🇬🇧 Not sure which option makes the most sense for sending money to the UK? We broke it all down so you can see what actually works.

🏦 The European Central Bank says stablecoins don't currently pose risks to financial stability in the euro area. They explained that most stablecoin activity is limited to the crypto trading industry rather than daily payments or investments.

🎬 Jay Neo, who edited for MrBeast, teamed up with Harry Jones and former Palantir engineer Shivam Kumar on a new AI tool called Palo. It's built to help creators plan and brainstorm, so you can level up your content with a little AI backup.

📝 The SEC gave Fuse Crypto Limited the thumbs up to launch its FUSE token without registering it as a security - unless they switch things up from what they told the SEC.

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🍌 Juicy memes

Meme about the absurdity of IRS audits on trivial crypto tax returns.

Source: @CryptoMemes

Meme about back pain humor related to lacking Bitcoin wealth.

Source: @dubzyxbt

Meme about cryptocurrency price trends and the notion of "going to the moon."

Source: @BitcoinMemeHub

Gode S. Web3 Market Analyst
Gode is a Web3 Market Analyst who researches the most important industry events and interprets how they affect the wider Web3 space. Her formal education in media culture & digital rhetoric allows her to employ a methodical approach to evaluating critical Web3 news data, including large-scale events and the wider social sentiment within the ecosystem.
Gode is a mutilingual professional, having studied in multiple universities all across Europe. This allows her to have a one-of-a-kind opportunity to analyze Web3 social sentiments spanning different cultures and languages and, in turn, develop a much deeper understanding of how the Web3 space is growing within different communities. With the rest of her team, Gode works to identify crucial crypto news patterns and provide unbiased and data-driven information.
Gode’s passions include working and communicating with people, and when she’s not researching Web3 news, she spends her time traveling and watching true crime documentaries.

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