What Happened in Crypto Today: Check Latest Crypto Breaking News

What Happened in Crypto Today: XRP Surge, ETF Inflows, and Market Tren

XRP Skyrockets While Meme Coins Decline

In a remarkable turn of events, XRP price has seen an astonishing 439% increase in value over the past month, reaching $2.70. This surge, attributed to growing regulatory clarity and speculation about future XRP-focused investment products, has positioned XRP as the third-largest cryptocurrency by market capitalization, surpassing Tether. 

This significant growth comes at a time when meme coins like Dogecoin, Shiba Inu, and Pepe are facing sharp declines. For instance, Dogecoin has dropped by 8% to $0.42. Despite these losses, the meme coin sector remains a hotbed for speculative investments.

Bitcoin and Ethereum Spot ETFs Experience Major Inflows

December has been a promising month for Bitcoin and Ethereum spot ETFs, highlighting increased investor confidence. Ethereum spot ETFs saw a total net inflow of $133 million on December 3, marking a seven-day streak of continuous inflows. Leading the pack, Fidelity’s ETF FETH and BlackRock’s ETF ETHA reported significant inflows. 

Similarly, Bitcoin spot ETFs demonstrated impressive performance with a total net inflow of $676 million on the same day. BlackRock’s ETF IBIT alone reported a daily net inflow of $693 million. This surge in ETF inflows underscores the growing interest in these digital assets and is pivotal in what is happening in the crypto market today.

South Korea Reverses Martial Law, Stabilizing the Crypto Market

In a surprising political move, South Korean President Yoon Suk-yeol reversed martial law within six hours of its imposition, following opposition from the National Assembly. The initial declaration caused significant market fluctuations, with major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) experiencing declines. 

However, the reversal led to market stabilization and a resurgence in trading activities. This event is critical in understanding what happened to the crypto market and why it is up today.

Grayscale Files for Spot Solana ETF with SEC

Grayscale Investments has filed with the SEC to launch a spot Solana ETF, marking a significant step in expanding its exchange-traded product offerings. If approved, the Grayscale Solana Trust would list on the New York Stock Exchange. This move follows the successful conversion of Grayscale’s Bitcoin and Ether trusts into ETFs. 

The filing includes a 19b-4 form and an S-1 registration statement, aiming to provide investors with regulated and direct exposure to Solana’s ecosystem. This development is part of the latest crypto news today, reflecting the increasing demand for Solana-based investment products.

PancakeSwap Introduces No-Code Token Creation Platform on BNB Chain

PancakeSwap has unveiled SpringBoard, a no-code token creation platform on the BNB Chain, allowing users to launch tokens without coding expertise. Launched on December 4, SpringBoard features zero launch fees and a fair launch mechanism, ensuring transparent token distribution. 

This platform aligns with PancakeSwap’s mission to advance decentralized finance (DeFi) and lowers barriers to token creation. Automatic liquidity pairing with PancakeSwap’s ecosystem further simplifies the process, making tokens tradable immediately. This innovative tool is significant for understanding what is happening in the crypto market.