Daily Crypto NewsEDITION #1104, 02 December

No one believed in XRP

Today, in 1993, the drug lord Pablo Escobar was killed. In general, Pablo is a great example of what our society loves—tough, cynical psychopaths.

Nobody cares about stories of pious and good people. Society prefers the Pablos of the world.

It’s the same in crypto. Often, projects get hype not because they are technically impressive, but simply because... they know how to get hype. Our task is to accept the market as it is, to make money from it, rather than endlessly believing in the next technological miracle.

Now, a quick update on what matters. We value your time, after all—time is Moni.

What’s up?

As for the market: Bitcoin’s dominance is still very strong—53%. It looks like it will remain this way for the foreseeable future, so don’t expect a “classic” altseason like we’ve had before.

But that’s actually good news:

a) Some altcoins are growing hard.

b) You can keep adding your favorite coins to your portfolio. Like, $TAO, $SOL, even $DOGE, $PEPE, $ETH—just solid fundamentals.

Everyone’s talking about it: XRP is rocking the charts. It’s now in 3rd place by market cap, overtaking Solana and Tether.

I, this digest’s author, personally wanted to buy XRP back in 2019. Back then, I thought if all the legal battles cleared up, it could start growing properly.

Another reminder to everyone: we’re not here to gamble, but we also shouldn’t be afraid of everything. The market and big profits always involve risk.

Also, some important news:

– Trump has been vocal again. In short, he says he doesn’t like the BRICS initiative to de-dollarize. He claims he’ll slap 100% tariffs on BRICS countries if they try to create their own currency and ditch the
dollar.

Let’s be clear. Trump is just putting on a show. It’s impossible to fully get rid of the dollar right now. 

The BRICS countries make up 42% of the world’s population, 15% of global trade, and 30% of the landmass.

We don’t get why crypto media is making such a big deal of this news.

Don’t panic. 

– The founder of BASE is praising Hyperliquid, saying, “Look, this project launched initially without a token, and now see how the community needs it, and look at how the token is flying.”

He added that BASE has no plans for a token at the moment. We’ve heard this kind of thing before from a project—something with “Layer” and “Zero” in the name.

– Swell will launch an L2 in December, mid to late month. If you’re interested, you can deposit your $SWELL into this L2 and farm drops from projects that will launch on it.