RLUSD, XLM Surge, FIFA NFT game

This week's crypto calendar is packed with major events and bullish stories, including the potential approval of Ripple's stablecoin, XRP overtaking BNB in ​​the $100 billion market cap, XLM's 50% surge following the Greyscale Stellar Lumens Trust filing, and FIFA's new NFT game. Additionally, Binance has removed eight altcoin trading pairs from its spot market, while MicroStrategy plans to add more bitcoins to its portfolio. Here are the top crypto news this week:

Gray Paper increases the value of Stellar Lumens (XLM) by 58%

Stellar Lumens (XLM) is up 58% this week, reaching $0.53—the highest price since 2021. The raise follows a 10-K filing for Stellar Lumens Trust from Grayscale Investments. In the year The filing, filed on November 23, listed a 10% increase in the trust's assets over the past fiscal year.

A 10-K filing provides detailed financial information and risk factors for publicly traded companies. The positive sentiment surrounding the filing fueled a strong market response to XLM.

“Stellar recently closed above key weekly horizontal resistance. Retesting the broken structure, the price broke the resistance line of the falling wedge pattern on the 4H timeframe. It indicates strong bullish potential and high potential for upcoming activity. I expect at least a 0.6 level growth,” wrote Andrew Griffiths, a prominent crypto enthusiast, on X (formerly Twitter).

Ripple Stablecoin approval is expected on December 4

Ripple is preparing to launch its stablecoin RLUSD pending approval from the New York Department of Financial Services (NYDFS). BeInCrypto reports that the stablecoin will launch on December 4, marking Ripple's entry into the New York-regulated digital finance market.

This move puts Ripple in direct competition with stable coin issuers like Circle and Paxos. The partnership with platforms like Bitstamp and Moonpay aims to ensure wider access to RLUSD users.

Meanwhile, Ripple's XRP token surpassed BNB in ​​market value and passed the $100 billion mark for the first time in three years. XRP's price has risen over 230% this month as investor optimism grows.

Binance Delists Eight Altcoin Trading Pairs

In other headlines this week, Binance announced plans to delist eight altcoin trading pairs on December 10. This includes GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/ BTC, and REN/USDT. The exchange cited periodic performance reviews and low liquidity as reasons for the listing.

Prices for affected tokens, including GFT and OX, fell by nearly 30%, reflecting investor concerns over their future viability. Binance advises users to adjust their holdings before the removal date.

Microstrategy eyes bitcoin purchase with $3 billion fund

MicroStrategy founder Michael Saylor hinted at new Bitcoin purchases after the company raised $3 billion in convertible debt on November 22. The notes, which are privately offered to institutional investors, will mature in 2029 and carry a premium price of $672 per share.

Meanwhile, MicroStrategy remains the largest corporate bitcoin holder. The company currently holds 386,700 BTC worth more than $37.5 billion. Sayler's comments suggest the company may continue its aggressive strategy.

According to BeenCrypto, FIFA has partnered with Legend to develop FIFA Rivals, a mobile soccer game expected to launch in mid-2025. Players can create and manage soccer clubs and compete in real-time matches.

“FIFA Rivals is designed to be highly accessible, featuring a shallow learning curve with advanced features for hardcore gamers. Our partnership with both the NFL and FIFA should open the door to other collaborations between Web3 Games Studios and major sports titles,” said Legendary Games. CEO Nate Nesbitt told BeenCrypto.

The game includes an NFT marketplace that allows players to trade soccer stars as digital collectibles. Legendary Games aims to replicate the success of the NFL Rivals title by integrating NFTs with FIFA Rivals.

Chirp introduced the DePIN Play-to-earn game

Chirp, which runs on the Sui blockchain, has launched a game called Kage that combines entertainment with real-world utility. Players use their smartphones to find nearby wireless networks, earning CHIRP tokens for their activity.

As the first game to integrate DePIN (Decentralized Physical Infrastructure Networks), Kage highlights the growing trend of blockchain-based P2E models offering real-world applications.

Ultimately, all eyes will be on Bitcoin, as it remains within striking distance of the $100,000 mark. Despite the short corrections, BTC hovered around $97,000. It will be interesting to see BTC finally reach six figures before Christmas. This week was the main crypto news.