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Here's a quick preview of today’s content: Huge win for XRP holders, Hawk Tuah girl goes completely silent after rug pull (15 minutes up?), Trump’s son is a massive crypto bull, Magic Eden’s coin goes live with initial launch hiccups, Russia turning more to Bitcoin in record time, and more

Let’s dive in.

Market Snapshot

• For the third week, Bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5's short-lived rise into six figures

• XRP surged 10% outperforming the broader crypto market after the news of its regulatory approval

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Ripple's RLUSD stablecoin has secured final approval from the NY State Department of Financial Services here’s what this means

• Hailey Welch disappears after failed Hawk Tuah token launch (CD) 

• Bitcoin miners Cipher, Mara Holdings, and Clean Spark receive rating upgrades from JPMorgan (CD) 

• Coincheck parent becomes first Japanese crypto exchange operator to list on Nasdaq (DC)

• Bitcoin miner Mara Holdings buys another $1.1B worth of Bitcoin (DC) 

• Bitcoin critic Peter Schiff urges US government to sell its seized Bitcoin (DC) 

• Eric Trump believes Bitcoin can reach $1M (TD) 

• Crypto exchange Crypto.com partners with Deutsche Bank to expand into Asia (CT)

• Chainlink integrates with Coinbase’s regulated tokenized asset platform Project Diamond (CT)

• Web3 rewards system Galxe unveils a Gravity EVM upgrade with $50M funding and $5M grants (CT) 

• Avalanche's founder advises freezing Satoshi´s wallet as protection against the quantum computing (TD)

• Bitmain launches US facility amid escalating US - China trade tensions (TD)

• Aptos Foundation opens an office in Abu Dhabi (DH)

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Launches

• Magic Eden token goes live, airdropping over $700M to multichain users (DC) 

• Pudgy Penguins teams up with digital network Myriad to launch community contest (CMC)

• Fuel Labs has officially launched the token for its modular execution layer (MEL) L2, a key step in developing its blockchain ecosystem (BKL)

Regulation

• Russia looks to create strategic Bitcoin reserve (CD)

• El Salvador partners with Argentina to help develop their crypto industries (CD) 

• Tether’s stablecoin USDT now accepted as a virtual asset in Abu Dhabi (CD)

• Vancouver’s mayor urges city council to integrate Bitcoin into municipal financial strategies (CT)

• Nevada adds blockchain technology to electoral certification procedures (CT)

Cybersecurity

• Google’s new quantum computing chip, Willow, does not pose an immediate threat to Bitcoin for now (CD) 

• AI-related Python library compromised to install malware (TR)

Chart of the Day

"This slowdown in liquidity growth may partially explain why bitcoin is struggling to sustain levels above $100,000," Markus Thielen, founder of 10x Research, said in a note to clients Wednesday. per CD

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