Sony Bank strebt Berichten zufolge eine US-Lizenz an und geht eine Partnerschaft mit Bastion ein, um eine an den Dollar gekoppelte Stablecoin für 2026 zu entwickeln, die mit seiner wachsenden Web3-Sparte BlockBloom verbunden ist.
Cardano risks dropping to $0.32 as bearish trend thickens
Key takeaways
- ADA has lost 7% of its value in the last seven days.
- The coin could record further losses as the market remains bearish.
ADA sheds 35% in November
ADA, the native coin of the Cardano blockchain, is up by less than 1% on Tuesday after recovering from the 6% dip on Monday. The bearish performance occurred as the Cardano derivatives market saw a decline in traders’ interest.
According to CoinGlass, ADA futures Open Interest (OI) dropped 6.82% over the last 24 hours to $693 million. This decline suggests that investors are adopting a risk-off approach to the market.
Furthermore, the OI-weighted funding rate stands at -0.0057% suggesting increased confidence among bearish-aligned traders. Due to the current market conditions, the long-to-short ratio stands at 0.8765, with short positions building to 53.29% of all derivatives contracts over the last 24 hours.
This data suggests that there is a sell-side dominance in Cardano derivatives, with traders anticipating a decline in ADA’s price in the near term.
Will ADA close below the 2025 low?
The ADA/USD daily chart is bearish and inefficient as Cardano has underperformed in recent weeks. The coin dropped below $0.40 after losing 35% of its value in November and could dip lower over the coming days and weeks.
The technical indicators are also bearish, with the daily RSI now at 28, indicating an oversold condition. The MACD lines are also within the negative territory, suggesting heavy selling pressure. If the RSI remains below 30, Cardano remains at risk of steeper corrections.
If the daily candle closes below the November 21 low of $0.3876, ADA could suffer heavy losses and retest the September 16, 2024, low of $0.3264. On the upside, if the buyers regain control and ADA stays bullish above $0.3876, it could reclaim the $0.40 resistance level in the near term.
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Vanguard reverses course, opens door to Bitcoin, Ethereum, XRP, and Solana ETFs
- Vanguard now allows clients to trade Bitcoin, Ethereum, XRP, and Solana ETFs.
- XRP ETFs have seen $756M inflows in 11 days, with no outflows recorded.
- Goldman and other firms are boosting crypto exposure alongside Vanguard.
In a dramatic shift that signals growing acceptance of digital assets by mainstream finance, Vanguard has opened its brokerage platform to regulated crypto ETFs.
Starting this week, US investors can access exchange-traded funds tied to Bitcoin, Ethereum, XRP, and Solana, marking a major reversal from the firm’s long-held resistance to cryptocurrency.
🚨 Just found this on Vanguard’s official website 👀
Multiple XRP ETFs (Franklin, Canary, REX-Osprey, ProShares…) are now showing under « Non-Vanguard Funds » in the Digital Assets category.
Looks like access is finally opening up for crypto ETFs pic.twitter.com/Y08IgtAybg
— Arthur (@XrpArthur) December 2, 2025
Notably, the move comes amid surging client demand and increasing institutional interest in digital assets, reshaping Vanguard’s traditional investment philosophy.
Vanguard finally embraces crypto
For years, Vanguard maintained a cautious stance toward cryptocurrencies, with former CEO Tim Buckley publicly dismissing BTC and other digital assets as too speculative and unsuitable for long-term portfolios.
The firm consistently refused to offer crypto ETFs, emphasising stability and low-risk investments for retirement-focused clients.
However, leadership changes paved the way for a rethink.
Salim Ramji, formerly the global head of ETFs at BlackRock, assumed the CEO role and gradually steered Vanguard toward regulated crypto offerings.
While the firm still will not create its own crypto ETFs or mutual funds, it now supports third-party products that meet regulatory standards, providing clients with access to digital assets while maintaining compliance.
The platform expansion enables more than 50 million US brokerage clients to trade crypto ETFs alongside other non-core assets like gold.
This could significantly increase market participation, with some predicting near-term price boosts in Bitcoin (BTC) and Ethereum (ETH).
Vanguard’s inclusion of XRP ETFs
Among the new offerings, XRP-based ETFs have generated particular excitement.
In just 11 trading days, spot XRP ETFs have recorded net inflows exceeding $756 million, with total assets under management reaching $723 million.
Remarkably, there have been no outflows, and major inflow events include $243 million during Canary Capital’s launch, $164 million tied to Grayscale and Franklin Templeton ETFs, and $89.65 million in the most recent session.
This rapid accumulation is reducing the liquid XRP supply on exchanges, potentially creating a supply shock that could influence pricing.
Mainstream finance accelerates crypto adoption
Vanguard’s pivot reflects a broader trend among traditional financial institutions embracing crypto.
Goldman Sachs, for example, is deepening its exposure through a $2 billion acquisition of Innovator Capital Management, which issues defined-outcome ETFs, including Bitcoin-linked structured funds.
The bank has rapidly increased its holdings in Bitcoin and Ethereum ETFs, totalling billions in assets, while also developing infrastructure for tokenised financial products.
Industry observers view these moves as part of a gradual yet significant integration of digital assets into mainstream portfolios, indicating that regulated, institutionally backed crypto investment is shifting from a niche to a standard.
The implications of Vanguard’s decision extend beyond immediate market activity.
By allowing access to regulated crypto ETFs, the firm is providing a channel for both retail and institutional investors to participate in digital asset markets within a familiar, compliant framework.
This could draw additional inflows, potentially reshaping liquidity dynamics and market sentiment across Bitcoin, Ethereum, XRP, and Solana.
For Vanguard, the shift represents not only a strategic response to client demand but also an acknowledgement that digital assets have become a permanent fixture in the global financial landscape.
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Ripple, leading VCs invest in OpenEden to support the real-world asset tokenisation firm’s expansion
- The company will focus on scaling TBILL and the yield-bearing stablecoin USDO.
- cUSDO was approved this year as off-exchange collateral at Binance.
- BNY Mellon now manages and safeguards Treasurys underlying TBILL.
Real-world asset tokenisation is becoming one of crypto’s most active areas in 2025, and OpenEden is positioning itself at the centre of this shift with a new round of investment supported by major industry players.
The company confirmed on Tuesday that leading trading firms, venture capital groups, blockchain networks and institutional infrastructure providers have backed its latest raise to expand access to tokenised US Treasurys.
The round, which follows OpenEden’s 2024 raise with YZi Labs, comes at a time when short-dated government debt has emerged as one of the fastest-growing niches in digital assets as institutions look for familiar, regulated yields on-chain.
Tokenisation demand drives new investment push
OpenEden said the fresh capital will help it scale its tokenisation-as-a-service platform as more institutions look to move traditional assets onto public blockchains.
The firm is leaning into rising demand for regulated products tied to government debt, with short-term Treasurys becoming a preferred entry point for investors seeking on-chain yield that mirrors conventional markets.
The company did not disclose the size of the round, but it confirmed participation from Ripple, Lightspeed Faction, Gate Ventures, FalconX, Anchorage Digital Ventures, Flowdesk, P2 Ventures, Selini Capital, Kaia Foundation, and Sigma Capital.
Expansion of TBILL and USDO across markets
A significant portion of upcoming development will centre on OpenEden’s two main offerings: TBILL, its tokenised US Treasury fund, and USDO, a stablecoin backed by those same Treasurys.
USDO and its wrapped version, cUSDO, have already been integrated across decentralised exchanges and lending markets.
Earlier this year, Binance authorised cUSDO as off-exchange collateral.
OpenEden said the new investment will support broader distribution of these products and allow the company to introduce additional market structures tied to real-world financial assets.
Broader product pipeline builds institutional focus
Beyond Treasurys, OpenEden is preparing several new instruments designed to deepen institutional engagement with tokenised markets.
These include upcoming tokenised bond exposure, a multi-strategy yield token and a range of structured products aimed at investors familiar with traditional income-generating instruments.
In August, the company appointed BNY Mellon as custodian and investment manager for the Treasurys underlying TBILL.
The product has also received investment-grade ratings from S&P Global and Moody’s, marking a notable step in bridging conventional market requirements with decentralised finance infrastructure.
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Bitcoin price forecast: BTC eyes $93k as $83k support holds
Key takeaways
- BTC is trading below $87k, down by less than 1% in the last 24 hours.
- The leading cryptocurrency could retest the $93k resistance level in the near term.
Bitcoin’s $83k support holds
Bitcoin briefly dropped below $84k on Tuesday but has bounced back and is now trading above $86k per coin. The bearish performance comes amid macroeconomic conditions due to global liquidity tightening, and confidence in crypto is also deteriorating further following the Yearn hack.
Analysts predict that Bitcoin’s price could suffer further bearish movements as we head into the last few weeks of the year. In an email to Coinjournal, Nick Forster, Founder at the onchain options platform, Derive.xyz, said that macro uncertainty continues to dominate.
A BOJ tightening and ambiguity around a U.S. Fed cut continue to negatively affect Bitcoin and the broader cryptocurrency market.
“Volatility surged in response. BTC 30-day volatility jumped from 46% to 50% in the past 24 hours, while skew collapsed from -5% to -8% before recovering slightly to -6% at the time of writing. The move reflects aggressive demand for downside protection as traders reposition for further weakness,” Forster added.
The options market shows that 15% of traders predict Bitcoin’s price will drop below $80k by the end of the year. However, 21% are still optimistic about Bitcoin ending the year above $100k.
BTC eyes the $93k resistance
The BTC/USD 4-hour chart is bearish and efficient as Bitcoin has underperformed over the past five days. The technical indicators are also bearish but could switch bullish if Bitcoin tops the $93k resistance level.
At press time, BTC is trading at $86,882 per coin. If the market recovery continues, BTC could rally towards the $93k resistance level over the next few hours or days.
The 4-hour RSI of 40 shows a fading bearish trend as Bitcoin is no longer in the oversold area.
On the flipside, if the bears regain strength, Bitcoin could retest the $80k low created on November 21.
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