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Press-time data indicates a rising demand for ADA over the past 24 hours. Open Interest has increased by 5.43%, pushing its value to $908.24 million. This uptick in Open Interest shows a surge in unsettled derivative contracts, driven primarily by long traders—a bullish signal for ADA’s short-term outlook. Additionally, ADA recorded its largest single-day Exchange Netflow in six days, with a substantial netflow of $21.25 million. Such major withdrawals often suggest that traders are moving assets off exchanges to hold for long-term gains, rather than selling. If this trend continues—marked by rising Open Interest and long positions, coupled with sustained accumulation from large investors—ADA could experience a notable turnaround. The altcoin could, as a result, surge to higher levels.$ADA

A South Korean congressman was sentenced to six months in prison by prosecutors for concealing his cryptocurrency holdings. He concealed cryptocurrency assets equivalent to 9.9 billion won (6.8M USD) and 990 million won (680K USD) in 2021 and 2022, violating the obligation of…

A widely followed crypto analyst says Ethereum (ETH) looks primed to move higher after exhibiting price stability during the last two weeks. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 519,700 followers on the social media platform X that ETH may be gearing up for more rallies after maintaining $4,000 as support on the weekly chart. “ETH: the post-breakout retest was successful. And indeed, it enabled a challenge into $4,000 (red). In fact, Ethereum has been holding the $4,000 (red) area as new support for the second week in a row. Continued price stability here [means] renewed upside.” Looking at his chart, the trader suggests that ETH may soon rally to $4,542. Ethereum is trading for $3,956 at time of writing, up nearly 28% in the last 30 days. However, the analyst says that Bitcoin (BTC) may continue to outperform altcoins now that Bitcoin dominance (BTC.D) – the ratio between the market cap of BTC versus the market cap of all crypto assets combined – is rising again. At time of writing, BTC.D is at 57.80%. “Bitcoin dominance: sharp rebound to the upside for BTC.D. A reclaim of green 57.68% as support would allow for Bitcoin dominance to regain momentum in its macro uptrend. BTC.D is on the cusp of reclaiming this level as we speak to confirm ‘Bitcoin Season.'” Lastly, the analyst warns that based on historic precedence Bitcoin could soon see a sudden correction before rallying again. “It’s week seven. In 2013, Bitcoin pulled back in week seven of price discovery. In 2017, Bitcoin retraced -34% in week eight of price discovery. In 2021, Bitcoin pulled back -16% in week six. Will history repeat? Or will Bitcoin go against the grain of history?… Price discovery corrections are a normal part of the BTC cycle. And every cycle has experienced them. Especially since Bitcoin has already experienced multiple -25% pullbacks in and around the halving.” Bitcoin is trading for $106,972 at time of writing, up more than 18% in the last 30 days.

Within the vast realms of the digital universe, certain treasures are reserved for a select group of pioneers: the Legendary Items of Nifty Island. Legendary Items are more than just artifacts; they grant exclusive perks, unparalleled experiences, and the coveted title of Nifty Island Legend. 💮Legendary Palms Forged in the genesis of Nifty Island, Legendary Palms exist across six distinct tiers — from the foundational Iron Palms to the elusive Ultra Palms. Their finite supply establishes them as the pinnacle artifacts of Nifty Island, never sold but earned through dedicated gameplay and active participation. Owning these relics unlocks powers and perks within Nifty Island and beyond. Historically, Palm Holders have been granted newly minted Legendary Items upon their creation, including Legendary Pistols and Ultra Blades. Additionally, Palm Holders are granted exclusive membership to PalmDAO, a community of creators and collectors dedicated to transforming the best NFTs into game-ready assets. As Nifty Island continues to expand, Palm Holders will be at the forefront of uncovering rich lore and new adventures. 💮Iron Palm The first Legendary Palm. It is said that the Iron Palm bestows the power of the metaverse upon the holder. 💮Bronze Palm The bronze palm was granted to the many who answered the call of the Legendary Palms in some small way. It gives off an insistent vibrating energy. 💮Silver Palm The noble silver palm is reserved for minor heroes in Nifty Island's story. Its metallic shine can be seen for miles throughout cyberspace. 💮Gold Palm The Gold Palm belongs to true heroes that spurred on Nifty Island's genesis. To hold a Gold Palm is to possess immutable on-chain honor for all of time. 💮Neon Palm The Neon Palm gives off an almost overwhelming level of energy. Holders of this palm are fierce metaverse warriors, nearly unrivaled in ability and commitment to Nifty Island. 💮Ultra Palm Unrivaled, seemingly limitless energy emanates from this palm. Any description of its holders would fail to do them justice. The Ultra Palm is the ultimate and most powerful artifact from Nifty Island's genesis. 💮Ultra Blades💮 Carved from the mystic Ultra Palms, Ultra Blades are a symbol of protection and mastery. Each Ultra Blade is accompanied by a Blade Ticket, which can be burned for a real blade in our physical world. Ultra Blades are Nifty Island's inaugural weapon NFTs, and were gifted to a select group of Palm Holders. Having sworn to protect and uphold the values of Nifty Island, they were bestowed these blades, enhancing their presence and power within Nifty Island's dynamic arenas. Ultra Blade Holders should remain poised, as the journey with Ultra Blades promises to unveil more enchanting surprises. 💮Ultra Blade A sacred weapon forged from an ultra palm. The metaverse rōnin who wield them are the guardians of the metaverse. 💮Ultra Blade Ticket A blade ticket, which can be burned for a physical blade in the analog world. 💮Legendary Pistols On a remote island, a master gunsmith forged 10,000 Legendary Pistols, 10 of which we honored as relics. Each Legendary Pistol is uniquely designed, and features an image, video, and detailed 3D model. Gifted initially to Nifty Island's early community members, Legendary Pistols are among the first game-ready weapon collections primed for digital adventures. As the library of games built on Nifty Island expands, Legendary Pistols will not only play an important role as a coveted accessory for players battling for rewards, but they also hold the promise of more astonishing revelations ahead. 💮Community Totems Nifty Island is a world comprised of web3's greatest communities. These Totems were given to the DAOs, protocols, NFT projects, and gaming communities that were brave enough to help settle this new game world at its inception

XRP's Bullish Setup Points to $15 as Price Consolidates After Rally XRP's remarkable six-week surge to near $3 has taken a breather, with the cryptocurrency currently in a consolidation phase. However, technical patterns suggest the bullish momentum is far from over, potentially setting XRP’s sights on the $15 mark. The $XRP /USD pair has retraced by 18%, dipping to $2.30 on Dec. 16, after reaching a six-week high of $2.90 on Dec. 3. Despite the pullback, this correction could be part of a healthy consolidation phase before a renewed upward push. RLUSD Stablecoin Spurs Optimism One of the key catalysts for XRP’s rally is the growing anticipation around the launch of RLUSD, a stablecoin pegged 1:1 to the US dollar. RLUSD will be integrated into both the XRP Ledger (XRPL) and Ethereum, backed by cash reserves and U.S. treasury bills. Importantly, RLUSD will require XRP for transaction fees, driving utility and adoption within the XRPL ecosystem. After securing approval from the New York Department of Financial Services, RLUSD is poised to become a widely adopted payment tool, particularly in emerging markets. Georgios Vlachos, co-founder of Axelar, predicts RLUSD will enhance XRP’s use as a global payment token by 2025. Axelar’s platform also connects XRPL to 69 blockchains, ensuring broad interoperability. However, Ripple’s Chief Technology Officer, David Schwartz, cautioned investors about short-term supply constraints and price volatility upon launch. He emphasized that early pre-launch premiums for RLUSD tokens likely reflect speculative interest rather than actual market value. Schwartz expects the stablecoin price to stabilize at $1 as supply and demand normalize. Rising Open Interest Signals Continued Momentum Investor enthusiasm for XRP remains strong, reflected by the surge in XRP-tracked futures open interest (OI), which reached record highs on Dec. 3. Higher open interest suggests that new capital is flowing into the market, a sign of growing confidence among traders. The combination of regulatory optimism, RLUSD hype, and market positioning has reinforced XRP’s bullish narrative. Bull Flag Pattern Signals a Move to $15 Technically, XRP’s current price action paints a classic bull flag formation—a bullish continuation pattern. This structure occurs when an asset consolidates in a downward-sloping channel (the flag) after a significant upward move (the flagpole). A breakout above the flag’s upper boundary often signals the resumption of the uptrend. For XRP, the height of the previous flagpole points to a bullish target of $15—a 520% increase from the current levels. If the pattern plays out as anticipated, XRP’s recent consolidation phase will serve as a foundation for its next explosive move. While short-term corrections are healthy, the broader outlook remains bullish for XRP as momentum builds toward the next key milestone.