The cryptocurrency market cap has stabilized at $2.97 trillion following a significant decline from $4.14 trillion. This stabilization comes as notable events shape market sentiment, including on-chain trader James Wynn's decision to open a 40x leveraged $1.24 million Bitcoin long position. Ethereum's upcoming 'Glamsterdam' upgrade, scheduled for 2026, aims to enhance security and improve MEV fairness, adding to the market's anticipation. Meanwhile, Standard Chartered has projected XRP could reach $8 by 2026, driven by ETF advancements and regulatory progress. Additionally, the Bitcoin Munari token is set to launch on December 28, while analysts remain divided on Bitcoin's short-term trajectory.