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chainlink price drops over eight percent in 24 hours
Chainlink's price has dropped 8.53% in the last 24 hours, continuing a weekly decline of 13.0%, now sitting at $28.4. Trading volume has decreased by 34.0% over the week, while circulating supply has slightly increased to 626.85 million, representing 62.68% of its max supply. Currently, LINK ranks #13 in market cap at $15.42 billion.
benzinga.com/insights/cryptocurrency/24/12/42592818/test0-9931786450199349-chainlink-falls-more-than-8-in-24-hours
Chainlink USD
Finance & Economy, Market Report
16:00 19.12.2024
sonic and injective launch first cross chain smart agent hub on solana
Sonic and Injective are collaborating to create the first cross-chain Smart Agent Hub, integrating the Solana and Injective ecosystems. This innovative platform will utilize Sonic’s HyperGrid technology to enable seamless asset transfer and a unified developer experience, fostering new economic opportunities in AI agents across various sectors. Initial testnet deployment is expected in Q1 2025, aiming to revolutionize cross-chain applications in gaming, DeFi, and social platforms.
Hackread - Latest Cybersecurity, Tech, Crypto & Hacking News
Sonic Foundry, Inc. Injective USD Eric Chen Chris Zhu
Technology & Innovation, Press Release
16:00 19.12.2024
crypto advocacy group calls for regulatory overhaul under new administration
A prominent crypto advocacy group is urging the SEC to reassess all crypto-related cases under the incoming Trump administration, anticipating a more cooperative regulatory environment. The proposal emphasizes the need for clear regulations and a shift away from "regulation by enforcement" to foster trust within the digital asset community. Additionally, new FASB guidance mandates that companies report digital assets at fair market value starting in 2025, enhancing transparency for investors.
TronWeekly
United States Dollar USA Mark Uyeda Paul Atkins Hester Peirce Show more
Regulatory & Legal, Market Report
16:00 19.12.2024
solana considers slashing to enhance validator accountability and mitigate risks
Solana's developer Anza has proposed implementing slashing to enhance validator accountability, a feature absent in the network's history. This would allow penalties for validators who create duplicate blocks, introducing new risks for SOL stakers, particularly if their chosen validators face slashing. While the proposal has garnered early support, it remains in the early stages, with potential rollout not expected until late summer 2025.
Blockworks
EigenLayer USD Ashwin Sekar Mert Mumtaz Ben Coverston Show more
Technology & Innovation, News Article
16:00 19.12.2024
Roche's Parkinson's drug prasinezumab fails to achieve significant trial results
Roche's Parkinson's drug, prasinezumab, has failed a Phase IIb trial, despite showing potential clinical efficacy in delaying motor progression. While the results indicated positive trends in secondary endpoints, they lacked statistical significance, prompting analysts to call the data "promising but leaves uncertainty." Roche plans to continue related studies and may consider a new trial to further explore the findings.
BioSpace
Hoffmann-La Roche AG Prothena Corp PLC CHE Levi Garraway
Healthcare, News Article
15:54 19.12.2024
Sui price analysis predicts potential surge amid new technology developments
Sui (SUI) has surged over 813% in 2024, recently hitting a yearly high of $4.9, driven by increased user activity and the integration of Backpack with its blockchain. Analysts predict potential resistance levels at $5.71 and $6.80, with a long-term target of $20, contingent on breaking key resistance levels. Despite market fluctuations, Sui is gaining traction, outperforming major cryptocurrencies like Solana and Ethereum, with significant net inflows.
Crypto News Flash
Conor Kenny
Finance & Economy, Market Report
15:53 19.12.2024
ubs raises netflix price target as subscriber growth momentum continues
UBS has raised its price target for Netflix from $825 to $1,040, citing strong operational momentum and a robust content slate that will drive subscriber growth. The firm anticipates Netflix will add 32 million subscribers in 2024 and 22 million in 2025, benefiting from industry shifts and increased ad revenue. With ongoing investments in original content, Netflix is positioned to outperform competitors amid a consolidating media landscape.
Investing.com
United States Dollar Netflix, Inc. USA
Finance & Economy, Market Report
15:50 19.12.2024
ubs raises netflix price target as subscriber growth momentum continues
UBS has raised its price target for Netflix from $825 to $1,040, citing strong operational momentum and a robust content slate that will drive subscriber growth. The firm anticipates Netflix will add 32 million subscribers in 2024 and 22 million in 2025, benefiting from industry shifts and increased ad revenue. The company's ability to grow revenue faster than content spending is expected to enhance free cash flow and operating leverage.
Investing.com
Netflix, Inc. USA
Finance & Economy, Market Report
15:50 19.12.2024
Novartis to close MorphoSys sites and lay off 330 employees
Novartis is closing MorphoSys sites in Munich and Boston, resulting in approximately 330 layoffs, as part of its integration strategy following the €2.7 billion acquisition earlier this year. The decision aligns with a focus on prioritizing R&D programs, particularly the delayed approval pathway for the oncology candidate pelabresib. This trend of post-acquisition job cuts has been observed across several major pharma companies in recent years.
Fierce Pharma
Euro Sanofi GSK plc Gilead Sciences, Inc. Incyte Corp Novartis AG Immunomedics Inc. Horizon Therapeutics Public Lim Bellus Health Inc. Merck & Co., Inc. Bristol-Myers Squibb Co Amgen Inc. MorphoSys AG USA DEU CHE Vas Narasimhan Show more
Finance & Economy, News Article
15:47 19.12.2024
Dow Jones Gains on Strong GDP and Jobless Claims Amid Market Volatility
The Dow Jones Industrial Average rebounded by 1.1% following stronger-than-expected GDP growth of 3.1% and a drop in jobless claims to 220,000. However, Micron Technology's stock plummeted over 16% due to a disappointing outlook, while Nvidia attempted a recovery after a five-session decline. Other notable market movements included Darden Restaurants surging 14% and Lennar falling 4%.
Investor's Business Daily
United States Dollar Microsoft Corporation Apple Inc. Burlington Stores, Inc. Taiwan Semiconductor Manufacturing Co Ltd Amazon.com, Inc. Micron Technology, Inc. BlackRock, Inc. Tesla, Inc. NVIDIA Corporation Lennar Corp Darden Restaurants, Inc. The Walt Disney Co USA Scott Lehtonen Jerome Powell Show more
Finance & Economy, Market Report
15:45 19.12.2024
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