The parliamentary commission of inquiry into the Credit Suisse collapse, which occurred on March 19, 2023, is set to release its findings. Chaired by Isabelle Chassot, the commission scrutinizes the roles of federal authorities, including the Federal Council and the Swiss National Bank, while former Credit Suisse executives face limited accountability. The report aims to clarify the failures that led to the bank's downfall and assess the effectiveness of the "Too Big to Fail" regulation.
VeChain has partnered with Lukka to enhance its sustainability efforts by utilizing ESG scoring tools for its native tokens, including VET, VTHO, and B3TR. This collaboration aims to address regulatory challenges and promote transparency in blockchain governance. Additionally, VeChain's subsidiary, NanoJClean, has secured a U.S. patent for a new key management system, enhancing security and reliability in multi-user blockchain environments.
Remittix (RTX) is gaining attention as a potential outperformer against established cryptocurrencies like Kaspa (KAS) and Ethereum (ETH) in the upcoming bull run, with forecasts suggesting a 25x increase for RTX. The project aims to revolutionize the $150 trillion cross-border payment market by enabling instant cryptocurrency-to-fiat conversions. While ETH and KAS are expected to see significant gains, Remittix's innovative approach and strong backing position it as a top investment choice.
The SMI is lower in pre-market trading as US stock markets close little changed following an interest rate shock, with Micron weighing on the Nasdaq. The Chinese central bank maintained key interest rates amid economic challenges, while the Shanghai stock exchange rose 0.5%. Geopolitical uncertainties and policy shocks are expected to influence markets significantly in 2025, as highlighted by TD Securities' James Rossiter. The Chinese economy faces a real estate crisis, compounded by potential tariffs from US President-elect Donald Trump.
Dogecoin (DOGE) has experienced a significant decline, dropping below the $0.3550 support level and struggling to recover. After reaching a low of $0.30, the price is consolidating but faces resistance at $0.3550 and $0.3650. If it fails to break above these levels, further losses could push DOGE towards $0.280 or $0.2620.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
CCounselors, a strategy consulting firm operating in Switzerland and Germany, is expanding its partnership with the addition of communications experts Katrin Nesemann and Patrizia Ribaudo, effective January 2025. Nesemann brings 30 years of experience in communications and change processes, while Ribaudo contributes 20 years of expertise from her roles in financial journalism and corporate communications.
CCounselors, a consultancy based in Düsseldorf and Zurich, is expanding its partnership with the addition of two banking experts, Katrin Nesemann and Patrizia Ribaudo, starting January 2025. Nesemann brings extensive experience in strategic communication, having held senior roles in various organizations, while Ribaudo, a former financial journalist, has two decades of expertise in corporate communication within the financial sector.
The SEC has approved Hashdex's and Franklin Templeton's proposals for combined Bitcoin and Ethereum crypto index ETFs, allowing for future asset additions. The Hashdex Nasdaq Crypto Index US ETF and Franklin Templeton Crypto Index ETF will feature an 80/20 average weighting of the two cryptocurrencies, with potential launch in January. This approval indicates a shift in regulatory stance towards the crypto sector, paving the way for more ETFs in the future.
Critics argue that Thomas Jordan, head of the National Bank, failed to support Credit Suisse adequately during its crisis, opting for a passive approach that left the federal government to handle a CHF 9 billion forced sale. Meanwhile, Axel Lehmann, the last Chairman of CS, defends his tenure, attributing the bank's decline to his predecessors and facing potential legal challenges. Finance Minister Karin Keller-Sutter is praised for her decisive actions post-crisis, but questions remain about the implications of a state-backed UBS and the regulatory failures of FINMA under Marlene Amstad.
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