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utxo stack secures 50 million funding plans token generation event in 2025
UTXO Stack, a Lightning Network liquidity staking protocol, has successfully completed its Series A funding round with a valuation of $50 million, co-led by UTXO Management, CMS, and PAKA. In early January 2025, the company plans to launch a large-scale airdrop incentive program to enhance BTC liquidity, followed by a collaboration with CKB’s Fiber Network for liquidity airdrop incentives for CKB and RGB++ assets. The Token Generation Event (TGE) is scheduled for Q1 2025, marking a significant milestone as the first TGE within the Lightning Network ecosystem.
CryptoPotato
SGP
Finance & Economy, Press Release
15:32 19.12.2024
Binance faces backlash over massive error in PENGU token launch
Binance faced a significant error during the launch of the $PENGU token, misreporting its market cap as $350 million instead of the actual $3.5 billion for the first 30 minutes. This $3.15 billion discrepancy, caused by a delay from CoinMarketCap, led to market chaos. In response, Binance quickly collaborated with CMC to rectify the issue and is compensating affected traders with 135 million Pengu tokens while promising to enhance data accuracy in the future.
binance.com
Finance & Economy, News Article
15:31 19.12.2024
bitcoin holds above key support amid market volatility and uncertainty
Bitcoin experienced an 8% drop from its all-time high of $108,300, following a Federal Reserve rate cut announcement. Despite this decline, the cryptocurrency held above the critical $98,000 liquidity level, indicating no significant panic selling and suggesting a potential shakeout rather than a major correction.Analysts are closely monitoring key resistance at $103,600 and support at $100,000, as these levels will determine Bitcoin's near-term trajectory. The market sentiment remains cautiously optimistic, with the potential for renewed momentum if Bitcoin can break through resistance.
NewsBTC
End Federal Reserve USD Axel Adler
Finance & Economy, Market Report
15:30 19.12.2024
Bitcoin faces potential retracement after reaching new all-time high
Bitcoin recently reached a new all-time high of over $108K but faced a pullback following a Federal Reserve rate cut, increasing the risk of an extended retracement. The price is currently consolidating around the $100K support level, with signs of weakening bullish momentum and potential selling pressure from long-term holders. If a deeper correction occurs, support may be found within the 0.5–0.618 Fibonacci retracement levels, which could set the stage for another rally.
CryptoPotato
Finance & Economy, Market Report
15:29 19.12.2024
south korea delays crypto tax to 2027 amid political uncertainty and global trends
South Korea has delayed the implementation of a crypto tax until 2027, reaffirming its pro-crypto stance amid political uncertainty following President Yoon Suk-yeol's impeachment. The government aims to develop a comprehensive regulatory framework while monitoring global trends, particularly U.S. policies under President-elect Donald Trump. Despite the turmoil, trading activity remains strong on major exchanges as investors seek cryptocurrencies as a hedge against the weakening Korean Won.
Crypto News Flash
CHN RUS USA KOR Donald Trump Vladimir Putin Cynthia Lummis Yoon Suk Yeol Jerome Powell Show more
Finance & Economy, Market Report
15:27 19.12.2024
harbour and velocity labs launch instant stablecoin payment system in europe
Harbour has partnered with Velocity Labs to launch "Magic Ramp," a stablecoin payment system that connects SEPA Instant payment rails with Polkadot. This service enables Euros to be sent from bank accounts and received as USDC on-chain in under 30 seconds, with no fees for the first six weeks. The integration allows for efficient on-and-off ramps for Web3 users and supports various use cases, including international payroll and cross-border remittances.
Crypto News Flash
Euro Harbour Energy plc GBR POL Nicolas Arevalo James Brownlee
Finance & Economy, Press Release
15:26 19.12.2024
insider sales and institutional investments shape netflix stock outlook
Insiders have sold 164,977 shares of Netflix stock valued at $129.3 million over the past three months, with insiders owning 1.76% of the company. Institutional investors hold 80.93% of the stock, and UBS Group has raised its price target for Netflix from $825 to $1,040, suggesting a potential upside of 16.91%. The company reported $5.40 EPS for the last quarter, exceeding estimates, with a revenue of $9.82 billion.
MarketBeat
Netflix, Inc. USA Greg Peters Leslie Kilgore
Finance & Economy, Market Report
15:23 19.12.2024
insider sales and institutional investments shape netflix stock outlook
Insiders have sold 164,977 shares of Netflix stock valued at $129.3 million over the past three months, with insiders owning 1.76% of the company. Institutional investors hold 80.93% of the stock, and analysts have a "Moderate Buy" rating with an average target price of $807.70. UBS Group recently raised its target price from $825 to $1,040, suggesting a potential upside of 16.91%.
MarketBeat
Netflix, Inc. USA Leslie Kilgore Greg Peters
Finance & Economy, Market Report
15:23 19.12.2024
stocks tumble as federal reserve signals cautious approach to rate cuts
Wall Street experienced a significant decline on December 19, 2024, with the Dow Jones Industrial Average dropping 1,123.03 points, or 2.6%, marking its longest losing streak since 1974. The Nasdaq Composite and S&P 500 also fell sharply by 3.6% and 3%, respectively, as the Federal Reserve's cautious outlook for rate cuts in 2025 spooked investors. All sectors closed in the red, with consumer discretionary, real estate, and technology stocks hit hardest.
Yahoo Finance
United States Dollar Nasdaq 100 Dec 24 USA Donald Trump Jerome Powell
Finance & Economy, Market Report
15:23 19.12.2024
rpm international insider trading and institutional investment updates
RPM International's chief accounting officer now owns 11,596 shares valued at approximately $1.47 million, reflecting a 23.77% decrease in ownership. Insiders have sold 11,083 shares worth $1.44 million in the last ninety days, while institutional investors hold 80.95% of the stock. Analysts maintain a "Hold" rating, with price targets ranging from $126 to $149.
MarketBeat
RPM International Inc. USA Michael J. Laroche Frederick R. Nance
Finance & Economy, Market Report
15:22 19.12.2024
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