Chainlink has partnered with the Shiba Inu ecosystem to integrate its Cross-Chain Interoperability Protocol (CCIP) into Shibarium, enhancing multi-chain capabilities for SHIB, BONE, and LEASH across 12 blockchains. This collaboration aims to facilitate seamless token transfers and unlock new opportunities for decentralized finance, marking a significant milestone for Shiba Inu's growth and adoption.
Bybit is launching a campaign for first-time depositors, offering rewards ranging from 5 USDT to 0.1 BTC through its One-Click Buy feature. Participants who deposit at least $100 will receive a lucky draw ticket with a guaranteed win, available until January 16, 2025. The initiative aims to simplify crypto trading and enhance accessibility for new users.
UBS has resumed coverage of Pagaya Technologies (NASDAQ: PGY) with a Neutral rating and a price target of $11.00, citing potential revenue growth amid a volatile stock performance. The company reported a 23.4% revenue increase over the past year, reaching $970.9 million, and aims for GAAP profitability by 2025. However, UBS remains cautious due to uncertainties regarding credit impairments, particularly from riskier asset-backed securities, and is seeking clarity on these issues before making further recommendations.
UBS has resumed coverage on Pagaya Technologies with a Neutral rating and a price target of $11.00, citing potential revenue growth but expressing caution over credit impairments. The company reported a 23.4% revenue increase in the past year, reaching $970.9 million, and aims for GAAP profitability by 2025. Despite a strong market position and strategic partnerships, UBS seeks clarity on credit losses before making further recommendations.
Isabelle Chassot, Chairwoman of the Commission of Inquiry, presented the PUK's findings on the Credit Suisse crisis, attributing the loss of confidence primarily to the actions of its Board of Directors and Executive Board. The report also criticizes the authorities for their role in the debacle.
Ethereum's price has dropped over 7%, falling below $3,550 and establishing a new low at $3,324. A resistance level has formed at $3,650, with increased selling pressure evident as the market struggles to maintain support, particularly around $3,350 and $3,320. Technical indicators suggest a bearish trend, with potential further declines if key support levels fail.
Switzerland's financial market regulator, FINMA, has embraced recommendations to enhance its authority following a report on the collapse of Credit Suisse. The organization acknowledged the criticisms and is committed to improving its supervisory capabilities and applying lessons learned from the incident.
The SP Switzerland demands urgent measures to mitigate the risks posed by the oversized UBS, calling for a ban on bonuses for systemically important banks and an end to party financing by UBS. They criticize the slow revision of too-big-to-fail regulations and highlight the need for higher capital requirements and stronger oversight of financial institutions to protect taxpayers from potential crises.
Trillium Surveyor has partnered with Kaiko to enhance cryptocurrency trade surveillance amid evolving regulatory landscapes and growing institutional interest. This collaboration integrates Trillium's surveillance platform with Kaiko's market data, enabling financial institutions to swiftly identify and mitigate suspicious trading activities.As global regulations tighten, including the EU's MiCA framework and the UK's FCA oversight, the need for robust compliance tools becomes critical for market integrity and consumer protection.
Chainlink's LINK token has corrected 15% from its December peak, currently trading around $24.08, despite a remarkable 63% gain over the past month and 69% over the year. Trading volume surged by 49%, indicating active market engagement, while analysts remain optimistic, projecting a potential price of $75 by May 2025.

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