Morning ✌🏻
• US banks have been granted permission to store Ethereum, boosting demand for the cryptocurrency.
• $XRP is rising amid an inflow of $164 million into spot ETFs.
• Spot $SOL ETFs have attracted $568 million since their launch.
• A trader who made about $200 million on the October crash added another $10 million to his long position on $ETH. His total position reached $44.5 million.
• UAE authorities expanded the central bank's powers to the Web3 sector.
• $AVAX One Technology Ltd. increased its asset portfolio to 13.8 million AVAX tokens.
• Monad's capitalization exceeded $365 million in less than a day after launch.
• The $DOGE department denied rumors of disbandment.
• Japan intends to require crypto exchanges to create reserves to cover customer losses.
• BitMine, Strategy, and SharpLink shares are showing an outperformance relative to the crypto market.
• Monad entered the top 10 in terms of trading volume, overtaking SUI, HYPE, and BNB, without being listed on Binance. Trading volume exceeded $2.7 billion.
• Trump announced the US's intention to inject $20 trillion into the market by the end of the year, an extremely bullish signal for BTC and the entire crypto market.