Avalanche (AVAX) and Chainlink (LINK) faced significant losses following the Federal Open Market Committee's interest rate cut announcement, with AVAX dropping 16% and trading around $42.35. Analysts project AVAX could reach $60 by year-end in a bullish scenario, while Chainlink shows strong support at $23 despite whale activity raising liquidity concerns. Both assets exhibit potential for recovery, with Avalanche's ecosystem expansion and Chainlink's bullish reversal patterns suggesting possible upward momentum.
The US Federal Reserve cut its benchmark interest rate by 0.25% to a range of 4.25% to 4.50%, marking the third consecutive reduction since September. While inflation remains above the 2% target, the Fed anticipates only two more rate cuts in 2025, reflecting a cautious approach amid ongoing economic growth.Additionally, the Fed adjusted its inflation forecast to 2.5% for 2025 and lowered the Reverse Repurchase Agreement rate to 4.25%. The stock market reacted negatively to the Fed's outlook, with significant declines in major indices following the announcement.
Lightchain AI is revolutionizing Ethereum smart contracts with a non-static Virtual Machine (VM) that enhances efficiency, flexibility, and scalability. Approaching $3 million in its token presale, the project aims to integrate AI for dynamic processing, enabling intelligent decentralized applications. This innovative approach promises to reshape the blockchain landscape, offering new use cases and a first-mover advantage for early adopters.
As 2025 approaches, Ethereum and Solana are in fierce competition, with Solana recently outperforming Ethereum in application income and decentralized exchange volume. However, Bitwise CIO Matt Hougan predicts Ethereum will surpass Solana due to its expanding ecosystem and institutional interest, bolstered by upcoming upgrades and Layer-2 solutions. While Solana's rapid transaction speeds and low costs attract users, Ethereum's institutional capital inflows and anticipated performance enhancements position it favorably for future growth.
As 2025 approaches, competition between Ethereum and Solana intensifies, with Solana recently outperforming Ethereum in application income and DEX volume. However, Bitwise CIO Matt Hougan predicts Ethereum will surpass Solana, driven by its expanding ecosystem, Layer-2 solutions, and strong institutional interest, potentially pushing its price to $6,000-$7,000. Both cryptocurrencies possess unique strengths, making the race for dominance in the altcoin market highly competitive.
UBS strategists predict minimal change in the U.S. fiscal deficit under a second Trump administration, despite proposed tax cuts and spending programs. With the deficit exceeding 7.5% of GDP and a debt-to-GDP ratio over 120%, significant fiscal constraints are anticipated, including potential entitlement reforms and tax increases to stabilize debt levels. The challenges of high interest rates and narrow congressional majorities may further complicate expansive fiscal policies.
Boost VC has invested in PoSciDonDAO, integrating it into their Go-To-Market Program to support the decentralization of scientific research. This partnership aims to enhance inclusivity and equity in science through blockchain technology, providing mentorship, market insights, and networking opportunities. Together, they strive to advance personalized medicine research and promote transparency in funding.
Story has launched the Agent Transaction Control Protocol for Intellectual Property (Agent TCP/IP), enabling AI agents to autonomously exchange and monetize their intellectual property without human oversight. This groundbreaking framework allows agents to execute legally binding contracts and create a decentralized marketplace for IP, enhancing their capabilities beyond simple transactions. The initiative aims to foster a new knowledge economy where AI agents can collaborate and innovate independently.
BlackRock's iShares Bitcoin Trust (IBIT) has achieved remarkable growth, reaching $58.57 billion in assets under management (AUM) in less than a year, nearly doubling the $33 billion AUM of its gold ETF, which took 20 years to accumulate. IBIT became the fastest ETF to hit $50 billion in AUM, accomplishing this in just 228 days, significantly outpacing the previous record holder. The surge in AUM is largely attributed to the rising price of Bitcoin, which recently surpassed $100,000.
Roche's Phase IIb PADOVA study of prasinezumab in early-stage Parkinson's disease did not meet its primary endpoint of time to confirmed motor progression, though it showed promising trends in secondary endpoints, particularly in patients also treated with levodopa. The drug was well tolerated with no new safety concerns reported. Roche plans to present full results at an upcoming medical meeting, emphasizing the need for further exploration in the absence of disease-modifying treatments for Parkinson's.
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