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Global Crypto Market Recap: Bitcoin and Ethereum Prices Move
The global crypto market cap rose 1.6% to $2.779 trillion over the past 24 hours. Bitcoin traded at $79,697.78, up 0.2% on the day but down 2.5% over the past week. Ethereum changed hands at $2,311.06, up 0.4% in 24 hours and down 3.6% over seven days. BNB rose 0.5% to $738.09, up 1.3% weekly. XRP gained 1.2% to $1.30, down 0.3% over the week. Solana slipped 0.5% to $100.02, down 4.8% over seven days. CoinGlass data showed $196 million in liquidations over 24 hours, with longs at $128 million and shorts at $67.5703 million. SoSoValue data showed the AI sector up 7.71%, led by a 252.24% jump in Quack AI. Bitcoin led trending searches, up 0.1% to $79,753.79, followed by Quack AI, which surged 256.2% to $0.1988. XRP rose 0.7% to $1.30, USD.AI climbed 18.6% to $0.05109 and Lighter fell 5.2% to $2.98. Quack AI also topped the gainers list. Infinity Ground rose 93.8% to $0.07495 and Doodles gained 67.6% to $0.002346. BULLA added 63.9% to $0.1492, while Pocket Network rose 63.0% to $0.01187. Ripple CEO Brad Garlinghouse said the OCC granted final approval to Ripple National Trust Bank. The charter gives Ripple a federally regulated platform for RLUSD and enterprise digital asset custody. Canada published draft stablecoin regulations barring issuers from paying yield, directly or through third parties, while allowing usage-based rewards. Non-bank issuers must hold reserves at least equal to circulating supply and complete redemptions within three business days. Redemption fees are capped at 1%. The consultation runs until December 23, and the rules are set to take effect in fall 2027. The NBA named Kalshi and Polymarket its preferred prediction market exchanges. Both platforms receive league IP rights, US marketing rights and official Sportradar data. The league also signed a memorandum of understanding with the CFTC that bars league and team personnel from trading NBA event contracts. CFTC Chairman Mike Selig said the agency is advancing a voluntary federal registration policy for crypto exchanges and wallets.