At the UBS Global Media and Communications Conference, industry leaders discussed the evolving landscape of media and communications. Comcast's Dave Watson projected over 100,000 broadband subscriber losses in Q4 due to hurricanes, while Fox and Disney executives emphasized their strategic participation in Venu to enhance viewer engagement without replicating existing bundles. Roku's CFO highlighted their competitive edge and strong partnerships, and TKO Group's Mark Shapiro expressed interest in expanding the Professional Bull Riders and exploring organic growth in boxing.
17:38 10.12.2024
Roni Cohen-Pavon's sentencing has been postponed following Alex Mashinsky's plea deal with prosecutors, with a new date set for April 18, 2025. Cohen-Pavon, who pleaded guilty to multiple felony charges, may provide information relevant to Mashinsky's sentencing, where he faces up to 30 years in prison. Both were indicted for misleading Celsius users and profiting from price manipulation amid the platform's bankruptcy.
Bitcoin's price fluctuated around $97,600 after dipping to a low of $94,000, with traders expressing caution as bullish momentum waned. Despite recent volatility and significant liquidations, institutional interest remains strong, with nearly $500 million in net inflows to U.S. spot Bitcoin ETFs on December 9. Additionally, a vote by Microsoft on adopting a corporate Bitcoin strategy is anticipated, further highlighting ongoing institutional engagement in the crypto market.
Investors eyeing stable returns are turning to established layer-1 blockchains like Ethereum and Solana, while those seeking high-risk, high-reward opportunities are looking at Lunex Network, which offers a unique trading experience without KYC requirements. Solana's recent surge to an all-time high of $263 faces challenges from potential ETF rejections by the SEC, although optimism remains for future approvals under new leadership. Meanwhile, Ethereum's record inflows into ETFs signal strong institutional interest, with predictions of its price reaching $15,000 by mid-2025. Lunex Network, priced at $0.0038 in presale, promises significant growth potential with a projected 220% increase by Q4's end, appealing to investors with its revenue-sharing model and seamless token swaps across numerous blockchain ecosystems.
Crypto.com has partnered with Deutsche Bank to enhance corporate banking services in the Asia-Pacific region, including Singapore, Australia, and Hong Kong. This collaboration will provide digital asset custody, fiat-to-crypto exchange, and cross-border trading services, with plans to expand into the UK and Europe. As part of its growth strategy, Crypto.com is diversifying into traditional asset trading, having recently acquired Watchdog Capital to offer stocks and equity options in the US.
Solana's price has dropped 20% from its peak this year, entering a local bear market amid a broader crypto sell-off, with its market cap now at $102 billion. Despite this decline, analysts like McKenna and Jelle predict potential rebounds to $500 and $600, respectively, citing bullish chart patterns. Solana remains a strong player in the crypto space, boasting over $660 million in fees and leading decentralized exchanges with significant trading volume.
The BiG Africa Summit 2025 will take place from February 17-20 in Gaborone, Botswana, marking its 11th annual edition. This four-day event, hosted by Eventus International, will gather industry leaders to discuss the future of iGaming in Africa, featuring workshops, panel discussions, and networking opportunities.Key topics include harmonizing regulations, responsible gaming, and the impact of AI in sports betting. Attendees will have the chance to connect with C-level executives and experts, exploring innovative strategies to thrive in the evolving market.
CYBRO, an AI-powered multichain DeFi platform, has achieved remarkable presale success, raising $7 million and experiencing a 450% price increase. With its innovative features, including a user-friendly app and a simplified DeFi participation tool, CYBRO is poised for significant growth in the evolving crypto market. Meanwhile, Ethereum and Cardano show potential for upward movement, but CYBRO stands out as a promising investment opportunity.
The UBS Billionaire Ambitions Report 2024 reveals that the number of billionaires has stagnated since 2021, despite their total wealth soaring to $14 trillion. Economic challenges, particularly in China, and rising tax burdens are prompting many billionaires to relocate, with Switzerland, the UAE, and Singapore being popular destinations. As geopolitical tensions rise, risk-taking billionaires are expected to drive advancements in generative AI and renewable energy, influenced by upcoming political changes in the U.S.
Shiro Neko ($SHIRO) launched on December 9, 2024, achieving a remarkable $1 billion market cap on its first day, establishing a stable floor between $300 million and $400 million. With over 12,000 holders and listings on five exchanges, it has quickly become the 4th largest cat coin. Future plans include staking features and charitable initiatives, aiming to redefine the memecoin landscape.
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