The upcoming CS-PUK report will critically assess the actions of institutions and individuals involved in the downfall of Credit Suisse, influencing future Swiss banking regulations. The Parliamentary Commission of Inquiry has scrutinized the management of FINMA and the Swiss National Bank, with potential implications for former Finance Minister Ueli Maurer. Recommendations for strengthening regulatory frameworks, particularly for "too big to fail" banks, are anticipated as the Federal Council prepares to amend TBTF rules by mid-2025.
Nau
Nigerian authorities have arrested nearly 800 individuals linked to crypto "pig butchering" scams that targeted North American and European victims. These scams involve building trust with victims online to lure them into investing in fake opportunities, after which the fraudsters disappear with their funds. A recent raid in Lagos uncovered a call center where foreign nationals trained Nigerian accomplices to execute these scams, utilizing high-end technology and fake profiles to engage victims.
BNB has shown signs of recovery after a significant drop, currently trading around $726.7, with bullish momentum as it approaches key resistance levels at $761 and $793.8. Support levels are established at $687 and $642, while a potential surge could see prices reach $1,000 by the end of the bull run.
Amid a crypto upswing, XYZVerse emerges as a leading meme coin, targeting a staggering 99,900% surge from its launch price of $0.0001. Established cryptocurrencies like Cardano, Dogecoin, and XRP are also showing significant growth, with XRP leading at a 436.51% increase over six months. As the market evolves, XYZVerse aims to unite sports fans and deliver community-driven success.
Crypto analyst Michaël van de Poppe predicts Bitcoin could soar to $500,000 in the current cycle, following its recent all-time high above $108,000. He notes that many altcoins are still in the accumulation phase, indicating potential for significant breakouts. Despite a recent pullback, analysts view this as a healthy correction, with strong inflows into Bitcoin ETFs suggesting sustained investor interest.
As the holiday season approaches, Toncoin, Litecoin, and Tron are gaining attention for their potential growth. Toncoin shows bullish indicators with a price range of $5.26 to $7.17, while Litecoin has risen over 38% in the past month, trading between $103 and $136. Tron, trading between $0.24 and $0.33, has surged 133.69% over six months, indicating favorable conditions for all three altcoins.
Arthur Hayes, co-founder of BitMEX, warns that the bullish crypto market following Donald Trump's election victory may face a significant downturn around his inauguration on January 20th. He predicts a "harrowing dump" as investors realize that substantial policy changes may take time, leading to a sell-off in crypto assets. Despite this, Hayes remains optimistic about potential market recovery after the inauguration.
Rexas Finance is gaining traction in the crypto space, successfully raising $28.50 million in its presale aimed at tokenizing real-world assets, with the RXS token currently priced at $0.15. As whale activity boosts Shiba Inu's potential for a significant price rally, Rexas Finance's innovative ecosystem and upcoming exchange listings position it as a promising investment opportunity, with projections suggesting a potential rise to $20 by 2025.
ING Switzerland is set to broaden its product and service offerings by venturing into healthcare, pharmaceuticals, and asset management. This strategic expansion aligns with the parent company's growth objectives, aiming to strengthen its presence in key sectors of the Swiss economy.
The Hong Kong Securities and Futures Commission (SFC) has licensed four new virtual asset trading platforms, bringing the total to seven. The approved firms underwent rigorous inspections focusing on client asset protection, KYC processes, and cybersecurity. Eleven more platforms are awaiting approval, with the SFC planning to issue licenses in batches through 2026 to enhance regulation and promote blockchain technology.
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