Cardano’s Recovery Stalls, but TVL Growth Signals Could Spark Year-End Upside

U.S. Bancorp has entered the stablecoin market by launching a pilot program on the Stellar blockchain, marking a pivotal moment as major financial institutions begin to utilize public blockchains for real-world transactions. This initiative aims to enhance transaction efficiency and security, aligning with the bank's digital asset strategy.

Bitcoin has recently experienced a price recovery, rising from a low of $80,000 to approximately $87,000, which has led to discussions among traders about whether this rebound signifies a genuine market recovery or merely a temporary 'dead cat bounce.' Analyst Peter Anthony argues that the prevailing bearish sentiment may be misleading, suggesting that this recovery could set the stage for a more substantial rally.

Kevin Hassett has emerged as the leading candidate to replace Jerome Powell as the Federal Reserve Chair, gaining traction as President Donald Trump's preferred choice. This development comes as the administration accelerates its search for a successor ahead of a planned announcement around Christmas.

Monad's price surged significantly on November 26, with a notable increase of 355% in a key metric, reflecting strong growth in its ecosystem and network. This surge follows a successful $269 million Initial Coin Offering (ICO) led by Coinbase, which has drawn considerable attention to the project ahead of its mainnet launch.

Monad (MON) successfully launched its Layer 1 blockchain, resulting in an 80% surge in its token price within 24 hours, making it the top performer among the top 100 cryptocurrencies by market capitalization. The token reached an all-time high of $0.045 after a challenging token sale that raised $95 million of a $187 million target.

Monad has encountered issues shortly after its mainnet launch, with reports of spoofed ERC-20 token transfers surfacing just a day after the debut on November 24. Users have expressed concerns over the security of transactions on the platform, which could undermine confidence in the new blockchain.

XRP's price has shown signs of recovery after falling below $2 due to market volatility. Analysts, including Egrag Crypto, have identified a bullish signal in the form of a cross between key Exponential Moving Averages (EMA), suggesting a potential trend reversal and price surge for the cryptocurrency.

Monad is preparing to launch its high-speed Layer-1 blockchain on November 24, with support from Enso, which will provide a comprehensive DeFi toolkit from day one. This collaboration aims to enhance the functionality and accessibility of decentralized finance tools for developers and users alike.