Market
MiCA Clears Path for Revolut X Expansion Across Europe
Fueled by recent EU regulatory developments, London-based fintech Revolut is expanding its crypto trading platform, Revolut X, across the Eurozone.
This move attracts a broad range of traders and aligns with the EU’s new Markets in Crypto-Assets (MiCA) legislation. MiCA, which aims to standardize crypto regulations, creates new opportunities for companies like Revolut within the Eurozone’s growing crypto market.
MiCA Legislation Supports Revolut X’s Expansion in Crypto Trading
Revolut X’s expansion across 30 European countries follows the EU’s adoption of MiCA legislation in April 2023. MiCA is a significant milestone, offering a unified regulatory framework for digital assets across Europe. This framework promotes consumer protection, financial stability, and innovation within the crypto market.
“The EU is becoming one of the first jurisdictions in the world to introduce comprehensive rules on crypto-assets, protecting consumers, financial stability & innovation,” the official EU Finance account announced on X.
MiCA and Revolut X’s Eurozone expansion reflects larger shifts within Europe’s crypto ecosystem. MiCA creates a safer, regulated environment that lowers compliance barriers for companies while building trust among consumers. These rules set a foundation for a stable market, allowing consumers and companies to engage with confidence.
For Revolut X, MiCA opens doors to structured growth and strategic planning within the Eurozone. As Revolut X takes advantage of this framework, it influences broader trends in the European crypto industry. This expansion could encourage other platforms to consider zero-fee models, as Revolut has adopted, reshaping user expectations.
By introducing zero maker fees, Revolut X reduces entry costs for traders, encouraging increased activity on the platform. Lower fees appeal especially to market makers and arbitrage traders who seek high liquidity with minimal costs. As more users trade, the platform’s liquidity improves, enhancing the overall trading experience and providing cost savings.
Moreover, Revolut plans to expand its crypto offerings while introducing more tools tailored to European traders. The platform’s growth could serve as a test for the viability of zero-fee models within the Eurozone. Success here might drive other exchanges in the region to explore similar models.
Along with Revolut’s expansion, there has been a surge in crypto-related activities in the EU. For instance, a crypto index provider operating in the European Economic Area (EEA), Vinter, was acquired on November 11 by French blockchain analytics firm Kaiko. The recent surge in interest around crypto indexes may indicate a premeditated preparation for increased retail interest emerging in Europe.
With MiCA, Europe becomes one of the world’s first jurisdictions to establish comprehensive rules for digital assets. This consistency encourages companies to expand confidently, knowing there is regulatory clarity.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Tether Injects $7 Billion into the Market in Six Days
Tether has minted an additional 2 billion USDT today, bringing the total to 7 billion USDT over the past six days.
This substantial increase in USDT supply injects significant liquidity into the cryptocurrency market, potentially influencing trading dynamics and asset valuations.
Increased USDT Minting Suggests Surging Liquidity Demand
Historically, large-scale USDT minting by Tether has correlated with notable market movements. For instance, in May 2024, Tether minted 1 billion USDT, which was linked to subsequent Bitcoin price increases.
Also, the initial $3 billion mint on November 12 coincided with Bitcoin breaking $85,000 and subsequently crossing the $90,000 threshold.
The recent surge in USDT supply may signal increased demand for stablecoins, often used by traders to hedge positions or facilitate transactions without converting to fiat currencies.
This influx of liquidity can enhance market depth, potentially reducing volatility and improving price stability across various digital assets.
Earlier this month, Tether published its quarterly earnings and reported record revenue. In the third quarter of 2024, the stablecoin issuer reported a record-breaking profit of $2.5 billion, bringing its total assets to $134.4 billion.
Tether’s CEO Paolo Ardoino also disclosed that the company’s reserves include 2,454 BTC and 42.3 tons of gold.
New Avenues for Business Expansion
With this year’s increased revenue, Tether is actively exploring new developments and avenues for expansion. The company is considering lending to international commodities traders, particularly in developing markets.
Also, Tether completed its first crude oil transaction in the Middle East earlier this month. The $45 million deal, executed in October, involved 670,000 barrels of oil transacted using USDT.
This marked a significant milestone in the adoption of stablecoins for large-scale commodity trades.
Despite these advancements, the USDT issuer continues to face regulatory scrutiny. A recent Wall Street Journal report alleged Tether’s potential involvement in illegal transactions.
In response, CEO Paolo Ardoino stated that Tether had not observed any indications of a federal probe, reaffirming the company’s commitment to compliance and transparency.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Token Price Hits $0.75 – Can the Rally Continue?
Ripple’s XRP has witnessed a significant price surge following its Wednesday listing on the popular trading platform Robinhood.
This has propelled the XRP token price to a new year-to-date high of $0.75, and it now appears poised to hit new highs before the end of the year. Here is why.
Ripple Rallies, Thanks To Robinhood
Robinhood’s crypto division expanded its offerings on Wednesday, adding support for XRP and several other altcoins. For example, the platform also relisted Solana (SOL) and Cardano (ADA) for US customers, reversing last year’s regulatory-driven delistings.
This listing fueled buyer demand for XRP, pushing its price to a new year-to-date high of $0.75 during the intraday trading session. Although it has since corrected by 7%, the bullish bias toward the altcoin remains significant. At press time, XRP trades at $0.70.
At its current price, XRP trades above its Ichimoku Cloud. BeInCrypto’s analysis of the XRP/USD one-day chart shows this could be the first sustained rally above the cloud in over a month.
The Cloud is an indicator that tracks the momentum of an asset’s trends and identifies potential support/resistance levels. When an asset’s price stays above the cloud, it signals a strong bullish trend, indicating that buyers dominate and market sentiment is positive.
Moreover, traders typically confirm the trend by looking at the Conversion Line (blue) and Base Line (red). If both are above the cloud and moving upward, it reinforces the bullish outlook. As of this writing, this is the case with XRP, confirming the market’s uptrend.
Further, XRP’s rising Chaikin Money Flow (CMF) indicates the strengthening demand for the altcoin. At press time, this stands at 0.28.
This indicator measures money flows into and out of an asset. When its value is above zero, buying pressure outweighs selling activity among market participants.
When this happens during a price rally, as in XRP’s case, it gives credence to the price growth. It indicates that the price surge is backed by actual token demand and not by mere speculation.
XRP Price Prediction: $0.80 May Be the Next High
XRP is trading at $0.70, slightly below the resistance level of $0.72. If demand strengthens, the token may breach this level and reclaim its new year-to-date high of $0.75. A successful break above this point could propel XRP’s price to $0.80, a high last seen in July 2023.
However, a resurgence of selling activity could invalidate this bullish outlook, causing the XRP token price to plummet toward $0.66. If this support fails to hold, the price may drop further to $0.59.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Tensor’s Vector.fun Tests SocialFi Viability Amid Meme Coin Hype
With the ongoing surge in interest in meme coins, a leading Solana NFT marketplace, Tensor, is launching Vector.fun.
In essence, the project can be described as a SocialFi experience that combines trading with social engagement in one mobile app.
The Road to Vector.fun
Tensor’s Gen-Z-focused approach tries to make meme coin trading more accessible to “normies,” as Tensor co-founder Ilja Moisejeves put it on X. According to Tensor’s founders, everything about trading and crypto is “inherently social.” The main way it tries to achieve this is by making it a shareable experience, driving home the essence of community trading.
“It’s a new way to trade. It’s internet finance in every pocket. It’s how your normie friend gets into crypto. It’s the #1 app in appstore in 2025. Or it’s a f**king dud and I’ll be fired. I guess we’ll find out,” said Tensor co-founder Ilja Moisejevs on X.
As co-founder Richard Wu described on X, the project’s idea arose from a need for a solution to NFT fatigue. The project has been in development over the last eight months, a process the founders described as grueling.
“I probably had 1 weekend off since TGE. One of our BD guys retrained as PM to help with the load. People pulled 20hr days. Engineers slept in the office. 100s of feedback calls. 1000s of PRs. If you think Tensor was built fast…. my god, let me tell you, this thing is 10x more feature-full and was built 10x faster. The team was stupid locked in,” said Tensor co-founder Ilja Moisejevs on X.
Earlier this week, they opened up early access to their waitlist. Shortly after, they had to suspend sign-ups due to high demand, an auspicious sign. Those who’ve already signed up will be granted access in the coming weeks. The existing holders of their NFT collection can confirm ownership on Discord.
In 2023, Tensor emerged as a strong player in the Solana NFT space. But as they debut this trading terminal, repeating that success remains to be seen as they enter this highly competitive atmosphere.
Over the last year, meme coin trading has boomed, largely thanks to Pump.fun, which enables users to create tokens easily and cheaply. Some tokens, like Peanut the Squirrel (PNUT) and Goatseus Maximum (GOAT), have even reached impressive market caps, bringing substantial gains to early investors.
Even with impressive examples like these, most meme coins experience quick deaths. History has proven the same for SocialFi.
The Sad Saga of SocialFi
In late 2024, SocialFi platforms like Farcaster, Lens, and Friend.Tech began seeing a steep decline in user activity. Farcaster, a platform focused on user privacy and data control, experienced a substantial drop in daily active users (DAUs), from 67,000 in July to 34,000 in October, despite acquiring $150 million in funding earlier this year.
Friend.Tech also saw a tumble in revenue. Originally yielding over $4 million in fees in September 2023, developers have since renounced control of its smart contract.
Now, they can no longer make changes or claim ownership. As of June, the project no longer generates any revenue.
These struggles highlight challenges in maintaining user interest in the SocialFi space despite large investments and early excitement. However, the recent meme coin craze serves as an ideal launchpad for Vector.fun to take off, testing the arena for SocialFi readiness in the community.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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