2024 was a remarkable year for investments, with the S&P 500 rising 27% and stocks reaching new highs, largely fueled by AI advancements. Key performers included Nvidia, NatWest, cocoa, gold, and tin, each benefiting from unique market dynamics and supply challenges. As we look to 2025, maintaining a diversified portfolio and a long-term perspective remains crucial amidst ongoing market volatility.
IG
Heinz Huber, after six years at the helm of Raiffeisen Switzerland, will step down at the end of the year to become Chairman of Graubündner Kantonalbank in July 2025. His tenure saw internal reforms and a profit increase, but critics argue he failed to innovate or diversify the bank's offerings. Huber's successor at Raiffeisen is yet to be determined, with CFO Christian Poerschke temporarily leading the bank amid ongoing strategic challenges.
Solana has achieved a remarkable milestone by recording 66.9 million daily transactions, outpacing its competitors. This surge in activity is largely attributed to the Pudgy Penguins NFT initiative, which has significantly driven engagement on the platform.
Sophon has launched its mainnet, introducing the first Validium on ZKsync powered by Avail, achieving over $500M in Total Value Locked (TVL). With a focus on user experience, Sophon partners with industry leaders to enhance blockchain applications in entertainment and gaming, setting a new standard for scalability and decentralization.
Investis has expanded its portfolio by acquiring residential properties in prime locations within the canton of Vaud for CHF 139 million, enhancing its gross rental income by CHF 6.0 million. The properties, located in the greater Lausanne area and Montreux, offer a gross rental yield exceeding 4.3%. This acquisition is part of a larger strategy, with total property acquisitions in the second half of 2024 amounting to CHF 298 million.
Coinbase's delisting of Wrapped Bitcoin (WBTC) has ignited controversy, particularly due to its ties to Justin Sun, who faces legal scrutiny. Critics argue that Coinbase's rationale lacks transparency and may be an attempt to deflect attention from its own ongoing investigations, including a lawsuit from the SEC. The crypto community remains divided on the fairness of the decision, questioning whether it was based on legitimate concerns or personal connections.
dTRINITY has launched its subsidized stablecoin lending protocol, dUSD, on the Fraxtal L2 network, aiming to reduce borrowing costs and enhance yields for stablecoin users. The protocol utilizes a unique interest rate model funded by exogenous yields from an on-chain collateral reserve, promoting sustainable borrowing and lending practices. Future expansions to Ethereum and other blockchains are planned to enhance cross-chain liquidity and interoperability.
SatLayer has partnered with the Sui blockchain to enhance Bitcoin's role in decentralized finance (DeFi) through innovative restaking solutions. This collaboration aims to merge Bitcoin's security with Sui's high transaction speeds, enabling developers to create decentralized applications without traditional financial intermediaries. Additionally, SatLayer's integration with Babylon further strengthens the security of Proof-of-Stake networks, showcasing a growing interest in utilizing Bitcoin within the DeFi ecosystem.
Amihan Entertainment has announced a token launch and airdrop for its Telegram game, Farm Frens, set for January 2025 on the Ethereum layer-2 network, Base. Players' airdrop allocations will depend on their in-game earnings and NFT holdings, with the exact date remaining a surprise. The studio aims to integrate Farm Frens with the upcoming Everseed tower defense game, emphasizing a future where AI enhances interactive entertainment.
Novartis and AbbVie secured a legal victory against West Virginia's S.B. 325, which mandated drugmakers to distribute discounted drugs to unlimited pharmacies under the 340B Drug Pricing Program. The court found that the law obstructs federal objectives and imposes irreparable harm on the pharmaceutical industry, blocking its enforcement while the case proceeds. The ruling highlights the law's conflict with federal regulations, particularly regarding audits and penalties for non-compliance.
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