Canary Capital claims its XRP ETF surpasses all other XRP ETFs combined

Bitcoin's price has fallen below $89,000, resulting in over $200 million in long liquidations within the past hour, highlighting the extreme volatility of the cryptocurrency market. This decline follows a broader trend where Bitcoin has lost nearly 25% of its value in November, contributing to significant market instability.

Tether's CEO has dismissed claims of insolvency, highlighting the company's $30 billion equity buffer as a significant asset that critics overlook. This response comes amid ongoing scrutiny regarding Tether's reserves and financial practices, particularly following a recent downgrade by S&P Global Ratings of its stablecoin, USDT, to the lowest score due to concerns over reserve exposure and governance issues.

Cocoon, a decentralized AI network backed by Telegram, has officially launched, allowing GPU owners to earn cryptocurrency by providing AI computing power. This initiative aims to enhance data privacy and democratize access to AI resources.

Arthur Hayes has raised concerns regarding Tether's investment strategy, particularly its significant exposure to Bitcoin and gold, which he warns could lead to substantial financial instability and undermine market confidence in the USDT stablecoin. This warning comes amid a backdrop of declining Bitcoin prices and recent downgrades from S&P Global Ratings, which cited similar vulnerabilities in Tether's financial practices.

Ethereum ETFs experienced significant outflows totaling $1.4 billion in November, reflecting a retreat by investors amid increasing caution and volatility in the cryptocurrency markets. This trend indicates a growing wariness among investors regarding the stability of Ethereum as a viable investment option.

Arthur Hayes, co-founder of BitMEX, has stated that most Layer 1 (L1) cryptocurrencies outside of Ethereum and Solana are likely to decline significantly, potentially heading towards zero. This assertion highlights concerns about the sustainability and viability of numerous blockchain projects in the current market landscape.

BlackRock's Bitcoin ETF has recorded $114 million in net outflows amid ongoing market volatility, reflecting a cautious stance from investors as they navigate the uncertain cryptocurrency landscape. This trend follows a series of significant withdrawals from the fund, indicating a potential shift in institutional investment strategies.

Bitcoin's dominance has decreased to the 23.6 Fibonacci level and 59% overall, indicating a potential shift towards altcoins as market leadership transitions. This drop follows a period of volatility in the cryptocurrency market, where Bitcoin's price has fluctuated significantly.