XRP Whales Vanish: 569 Mega-Wallets Gone, But 48B Token Hoard Hits 7-Year Peak

Posted on December 3, 2025 by Olumide Adesina

Santiment, an analytics firm, has released new data showing inconsistent changes in wallet numbers and balances.

The platform reports that there are fewer wallets with at least 100 million XRP. It also highlights that the total coins held by the remaining wallets reached a multi-year high.

According to Santiment, the number of wallets with 100M+ XRP dropped by 20.6 percent over the past eight weeks, confirming the earlier decline.

569 large wallets exited this category during this period. The count of large wallets steadily increased throughout most of 2024 and the early part of 2025, according to the accompanying chart. However, from early October 2025, this upward trend suddenly reverses, signaling a major shift in on-chain activity.

On-chain flows suggest consolidation among major addresses, with some balances likely merged into fewer wallets. This can reduce the apparent wallet count even if total holdings stay the same. The decrease in wallet numbers could also be due to some large holders moving their funds elsewhere.

Meanwhile, the remaining wallets seem to have absorbed the liquidity, keeping total holdings relatively stable.

Binance Elevates Co-Founder Yi He to Co-CEO: A Power Duo Takes the Helm

Posted on December 3, 2025 by Olumide Adesina

Binance appointed co-founder Yi He as co-chief executive officer, marking the largest shift in the company’s top leadership since Changpeng Zhao resigned as the cryptocurrency exchange’s director two years ago.

Yi He will share the title with Richard Teng, who succeeded Zhao as the CEO of the world’s largest crypto trading venue in November 2023.

Together with Teng, “Yi will guide Binance through its next phase of development as we strengthen our global regulatory foundations and continue building a trusted, transparent, and responsible platform for digital assets,” according to a post on X by Binance on Wednesday.

The appointment follows Donald Trump’s October pardon of Binance co-founder Zhao, a more well-known public figure than Yi He. Zhao is the most recent of several executives in digital assets to receive the president’s clemency.

Zhao had previously gotten in trouble for failing to implement adequate anti-money laundering measures at Binance, and pleaded guilty to violations in a deal with the US government that put him in jail for four months and included a $4.3 billion settlement with Binance.

Yi He currently identifies herself as Binance’s chief customer service officer on her X profile. She has been Zhao’s partner in business and in life.

The exchange co-founders also have children together. Zhao, who is known in crypto circles as CZ, launched Binance in 2017 and built it into the world’s dominant crypto platform. Yi He has a lot of influence behind the scenes. She is recognized for having contributed to the expansion of the BNB Chain, which was started by Binance.

Bitcoin Hits Fresh Two-Week High as Sentiment Stays Shaky

Posted on December 3, 2025 by Olumide Adesina

Bitcoin continued its tentative recovery, reaching a two-week high as the larger cryptocurrency market looks for a long-term recovery from a weeks-long selloff.

The initial cryptocurrency reached its highest intraday level since November, rising as much as 2.6 percent to roughly $93,965. 17. It was trading slightly lower at around $93,300 in London. Ether and other major tokens also edged higher.

The digital assets market remains on shaky ground after a bruising selloff that began in early October, just days after Bitcoin hit a record above $126,000. Since then, more than $1 trillion in crypto market value has been wiped out.

The group of 12 US-listed exchange-traded funds investing in Bitcoin, which saw what McNulty described as a “feeble” $59 million inflow on Tuesday, is one indicator of investor confidence, according to Bloomberg data.

Traders have endured a bumpy ride this week. Token prices tumbled on Monday following comments by Strategy Inc.’s Chief Executive Officer, Phong Le, that the Bitcoin accumulator could resort to selling the cryptocurrency if needed to make debt payments. S

Strategy, formerly known as MicroStrategy, said later that it was establishing a $1.4 billion reserve to have cash readily available.

The Securities and Exchange Commission Chairman Paul Atkins’ plan to reveal the details of an “innovation exemption” for digital asset companies, as well as Vanguard Group’s decision to permit ETFs and mutual funds that primarily hold cryptocurrencies to be traded on its platform, were the reasons why Bitcoin then gained ground on Tuesday. Liquidation has resulted from the most recent rally.

Copper Charges Higher as Supply Fears Fuel Fresh Rally

Posted on December 3, 2025 by Olumide Adesina

Copper rose by 1 per cent to $11,257 a tonne, bringing its gains to about 28 per cent this year.

Zinc increased by 0.4 per cent, and aluminium by 1 per cent, while iron ore futures on the Singapore Exchange grew 0.2 per cent to $104.1 a tonne.

Investors are awaiting a series of US data releases scheduled for later Wednesday, including reports on private sector employment, import prices, and industrial output.
Concerns about global supply supported investor demand for the metal, which is vital to the green transition, and copper traded close to its record high earlier this week. Prices dipped after hitting an all-time high on Monday, but have since rallied along with other industrial metals.

Recent weeks have seen gains driven by speculation of an imminent shortage, as traders divert substantial amounts of the metal to the US to avoid potential import tariffs. Supply disruptions from Indonesia to Chile and the Democratic Republic of the Congo, caused by several unplanned mine outages, have dominated the copper market this year.

Chinese smelters and miners are engaged in supply talks for 2026 that are proving challenging, as miners hold the upper hand.

Ripple’s Swell Shock: XRP Holders on High Alert – Your Wallet Faces Total Annihilation!

Posted on December 2, 2025 by Olumide Adesina

Leading financial stakeholders from around the world attended the Ripple Swell conference earlier this month, which was a huge success.

A historic $500 million funding deal involving Pantera Capital, Brevan Howard, Fortress Investment Group, and Marshall Wace was announced during the event, raising the company’s valuation to $40 billion.

Nevertheless, con artists were working behind the scenes to take advantage of gullible investors while Ripple hosted one of the most significant events in the cryptocurrency industry

Ripple confirmed that it observed this malicious activity both during and after the Swell incident. Specifically, the company highlighted that it encountered many fake YouTube live streams during and after Ripple Swell. Scammers often exploit major events or developments with Ripple, as is widely known.

They generally set up impersonation livestreams during these times.
Several major moments in Ripple’s history, such as its partial court victory over the US SEC, have been associated with this malicious activity.

Ripple urges its community to avoid falling for such schemes, emphasizing that all XRP “giveaways” are scams.

The company reiterated in its latest announcement that it will never ask users for XRP in connection with promotions, giveaways, or special events such as the Swell conference.

Several executives at Ripple have publicly denounced these fake giveaway schemes as outright scams, and the company has consistently issued similar warnings on its official X account.

Ripple cautioned users about the rise of fake YouTube livestreams impersonating Ripple executives, which encouraged viewers to participate in supposed giveaways by sending XRP to a designated address. Earlier this month, RippleX, the division focused on the XRPL, also warned about deepfake scams targeting unsuspecting community members.

Bull Trap Alert: ETH Dives to $2,800 but Open Interest Balloons – Signals Volatility Spike Ahead

Posted on December 2, 2025December 2, 2025 by Olumide Adesina

Ethereum’s market activity has resumed following a drop to near $2,800; open interest in ETH futures rose by more than $653 million. ETH is trading at around $2,835. The asset is down 8 percent in the past 24 hours but remains slightly up on the week.

According to analyst Maartunn, ETH open interest jumped by $653.8 million, a 4 % rise, shortly after the latest dip. Futures activity increased in response to the price decline, indicating traders were quick to rebound. When leverage is reintroduced into the market during times of volatility, this type of behavior is frequently observed. ETH trading volume supports this trend, with over $23.8 billion recorded in the last 24 hours.

The asset might also be close to a technological turning point. Data from a weekly chart shared by Mister Crypto shows the Stochastic RSI moving into its lower range. Historically, these conditions have been followed by price bounces.
It’s interesting to note that the chart indicates that past readings at comparable levels have coincided with market reversals. The current setup appears to mirror earlier cycles where oversold conditions were followed by recoveries, suggesting the potential for a shift in momentum.

ETH has held steady against Bitcoin despite its decline. A support zone between 0.03150 and 0.03250 BTC is where ETH/BTC is currently located.

Michaël van de Poppe observed, “[ETH is nicely consolidating… remaining flat against Bitcoin.” The pair is holding above its 50-day moving average, and volume is still steady.

The price increased by more than 140 percent from this same region earlier this year. If the current range holds, Van de Poppe continued, “Ethereum is likely to outperform, and Bitcoin is bottoming.”

Gold’s Next Frontier: Sachs & Rivals Predict $5K in 2026

Posted on December 2, 2025 by Olumide Adesina

According to a Goldman Sachs survey, many investors believe that gold will reach a new all-time high of $5,000 by the end of 2026.

The bullion metal has increased by 58.6 percent so far this year, and on October 8, it broke through the historic $4,000 mark for the first time. In a survey of over 900 institutional investor clients on Goldman Sachs’ Marquee platform, 36 percent believe that gold will continue to rise and surpass $5,000 per troy ounce by the end of next year.

An additional 33% of respondents to the November survey predict that the commodity will hit between $4,500 and $5,000. Goldman Sachs reports that more than 70% of institutional investors expect gold prices to rise in the upcoming year.

On the other hand, slightly more than 5% of those surveyed believe that prices will decline to between $3,500 and $4,000 in the upcoming year. According to the survey, 27% of participants cited fiscal concerns as the primary cause of gold’s price increase, while 38% cited central bank purchases.

This year, a wide range of investors, including hedge funds and retail buyers, have turned to the commodity, which is typically viewed as a safe-haven asset during turbulent times, as a hedge against inflation risk, geopolitical unrest, and a declining dollar. Central banks have also invested in the precious metal because of gold’s high liquidity, low default risk, and generally neutral status as a reserve asset.

Vanguard’s Epic U-Turn: XRP ETFs Unlocked for $11 Trillion – Retirement Funds Incoming?

Posted on December 2, 2025 by Olumide Adesina

Bitwise’s XRP exchange-traded fund is now available for Vanguard clients, according to a recent social media post by chief executive officer Hunter Horsley.

Vanguard, the world’s second-largest asset manager with over $11 trillion in assets under management, has long been a conservative powerhouse in traditional investing. It has completely prohibited cryptocurrency-related products on its platform for many years. It even blocked access to spot Bitcoin ETFs when they launched in January 2024.

Over 50 million Vanguard clients will be able to begin trading specific cryptocurrency ETFs and mutual funds that contain cryptocurrency assets. In late September, rumors surfaced that Vanguard would completely reverse its stance on cryptocurrency.

Hence, it did not come as a complete surprise, which explains a rather muted crypto rally. The $10 trillion behemoth still has no intention of following rival Blac despite the significant reversal.

Leverage Carnage: Crypto Crash Liquidates $1B in Bets as Bitcoin Tumbles Below $84K

Posted on December 2, 2025 by Olumide Adesina

Nearly $1 billion of leveraged crypto positions were liquidated during a sharp fall on Monday, fueling a huge selloff. Bitcoin dropped as much as 8% to $83,824, representing a 30% decrease since early October.

Ether has declined 36% over the past seven weeks and fell as much as 10%, reaching as low as $2,719. Smaller, less liquid tokens, often favored by traders due to their higher volatility and tendency to outperform during rallies, have been especially affected by the market downturn.

MarketVector index tracking the bottom half of the top 100 digital assets has fallen by nearly 70% this year. Data from tracker Coinglass shows the cryptocurrency market remains fragile after a weeks-long selloff that started in early October when President Donald Trump’s threats of higher tariffs rattled markets, wiping out about $19 billion in leveraged bets.

Traders analyze liquidation data to assess leverage, gauge risk appetite, and determine whether a market wipeout has truly cleared out excess speculation. However, these numbers may be incomplete, as industry insiders say exchanges restrict full liquidation data, making it difficult for traders to know the true extent of leverage in the system.

“It’s a risk-off start to December,” said Sean McNulty, APAC derivatives trading lead at FalconX. The lack of dip buyers and minimal inflows into Bitcoin ETFs are primary concerns. We expect these structural headwinds to persist this month.

Digital assets are also influenced by broader macro shifts impacting global markets, as US equity traders begin the week on the defensive. As Bank of Japan Governor Kazuo Ueda signaled a likely rate hike this month, Japanese stocks declined, and the yen strengthened.

Silver’s 2025 Wildfire Rally: Record Highs Hit – But This Beast Still Has Bite

Posted on December 1, 2025 by Olumide Adesina

Silver, sometimes called the “Devil’s metal” for its volatility, has reached record highs this year and has more upside despite a supply shortage. The price of an ounce of gold has climbed above $4,000 this year, and silver’s value has been rising in tandem with gold.

Silver prices hit a record high of $54.47 per troy ounce in mid-October, up 71% from the previous year. They have since somewhat retreated but are now increasing again despite limited supply.

Over the past fifty years, silver prices have peaked in October only three times, including January 1980, when the Hunt brothers attempted to corner the market by acquiring a third of the global supply, and 2011, when U.S. gold and silver were seen as safe-haven assets during the debt ceiling crisis.

This year, silver’s rise—driven by a short squeeze—caught many investors off guard. Unlike earlier investment waves, the 2025 silver boom relied on a mix of low supply, high demand from India, industrial demand, and tariffs. Silver’s market is only about a tenth the size of gold’s. It saw a slight decline after Liberation Day, while gold prices surged.

The gold-silver ratio—which indicates how many ounces of silver are needed to buy one ounce of gold—spiked above 100, indicating that many ounces of silver are required to buy one ounce of gold. A low ratio means gold is relatively cheap, while a high ratio suggests silver is undervalued and likely to increase.

This ratio hit a record high in April. This year, silver proved to be an attractive, low-cost investment, especially in a country where roughly 55% of the population depends on agriculture. Silver prices in India surged dramatically on October 17, reaching a record high of 170,415 rupees per kilogram, an 85% increase since the start of the year.

However, 80% of India’s silver supply is imported. Historically, the UK has been India’s main silver supplier, but increasingly, the UAE and China are filling that demand. Over recent years, London’s vaults have been rapidly depleting: the London Bullion Market Association held 31,023 metric tons of silver in June 2022, but by March 2025, that volume had fallen to about 22,126 metric tons—its lowest level in many years.