Prediction Markets Are Coming to Phantom's 20M User Via Kalshi

Twenty One Capital, a newly public company on the New York Stock Exchange, has made headlines with its significant Bitcoin treasury of nearly $4 billion, positioning itself as a major player in the cryptocurrency market. CEO Jack Mallers predicts that Bitcoin's market could expand from its current $2 trillion to between $20 trillion and $200 trillion, suggesting a potential shift towards Bitcoin as a global reserve asset.

The XRP ecosystem has made a significant advancement with the launch of Wrapped XRP (wXRP) on the Solana and Ethereum blockchains, enhancing its interoperability and credibility within the cryptocurrency market. This integration allows XRP to leverage the strengths of these major platforms, potentially increasing its utility and adoption.

Solana exchange-traded funds (ETFs) have recorded a seven-day inflow streak, despite a recent slump in the price of Solana (SOL). The first SOL ETF was launched in July, followed by Bitwise’s SOL ETF in October, which achieved $57 million in trading volume on its first day. This trend indicates a sustained interest in Solana ETFs amid fluctuating market conditions.

Solana's network has launched Firedancer, a validator client developed by Jump Crypto, on its mainnet after over 100 days of controlled testing. This launch has prompted a 5% increase in the price of SOL, bringing it close to $140. The Firedancer client is designed to handle heavy workloads and significantly improve transaction processing capabilities, reportedly achieving over 1 million transactions per second in test environments.

Coinbase is set to launch its own prediction market in collaboration with Kalshi, a federally regulated financial exchange, with a formal unveiling scheduled for December 17. This development follows a period of anticipation, highlighted by a recent social media post revealing a screenshot of Coinbase's prediction markets dashboard.

NFT sales have decreased by 15.72% to $64.95 million, down from $77.10 million the previous week, according to CryptoSlam data. This decline is accompanied by a significant drop in market participation, with NFT buyers down 68.41% and sellers down 71.48%.

Solana is gaining institutional traction as J.P. Morgan successfully issued a $50 million tokenized commercial paper for Galaxy Digital on its blockchain, marking a significant step in the integration of blockchain technology into traditional finance. Additionally, plans to integrate XRP onto Solana are generating excitement within the cryptocurrency community.

DeepSeek has released price projections for XRP, Solana, and Dogecoin, forecasting their values by the end of 2025. This analysis aims to provide insights into the future performance of these cryptocurrencies amidst a fluctuating market landscape.