UBS AG has reduced its price target for Givaudan shares from 4520 to 4380 Swiss francs while maintaining a "Neutral" rating. Analyst Charles Eden anticipates a 5% higher EBITDA for the second half of the year compared to consensus. As of 11:18 a.m., Givaudan shares fell 0.5% to CHF 4,039.00, indicating an upside potential of 8.44% based on the new target price, with a year-to-date increase of 17.9%. The company is set to release its Q4 2024 earnings on January 24, 2025.
Lightchain AI is emerging as a strong competitor in the blockchain space, integrating artificial intelligence with innovative features like the Proof of Intelligence consensus mechanism and the Artificial Intelligence Virtual Machine. Priced at $0.003 during its presale, it offers a compelling investment opportunity as it addresses scalability and privacy challenges that have hindered established platforms like Solana. With a clear roadmap and a focus on real-world applications, Lightchain AI is poised for significant growth in the evolving blockchain landscape.
Lienhardt & Partner has expanded its private banking presence in Bern by hiring Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan. The bank, which operates as a hybrid of private banking and real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. Under CEO Duri Prader, Lienhardt & Partner reported a nearly 40% increase in half-year profits, reflecting strong growth across all business areas.
Nestlé has launched protein shots in the US aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone response. The Boost Pre-Meal Hunger Support shake, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 per pack. While it may enhance satiety, experts question its long-term effectiveness compared to traditional weight loss methods.
Dogecoin (DOGE) is projected to surge to $0.74, driven by historical patterns, while Solana (SOL) is consolidating, with analysts anticipating a significant price increase following this phase. Additionally, DTX Exchange is gaining attention as a promising DeFi project, offering substantial returns for early investors and innovative trading tools.
Venture capitalists are optimistic for 2025, driven by a surge in AI investments, which exceeded $87 billion in 2024. With anticipated regulatory rollbacks, sectors like fintech, energy, and especially crypto are poised for growth, while clean energy and electric vehicles may face challenges. The venture ecosystem is expected to improve compared to 2024.
Bitcoin has reached a new all-time high of $108,000, with predictions suggesting it could rise to between $110,000 and $120,000 soon. Following a potential consolidation phase, a fakeout move to $125,000-$130,000 may occur before a dip to around $100,000, leading to a final surge towards $170,000 by mid-February. Meanwhile, altcoins are expected to experience significant rallies, with varying peak times throughout early 2024.
Solana memecoins like POPCAT and BONK are experiencing a bearish trend as investor focus shifts to utility-driven altcoins, particularly DTX Exchange, which has raised over $10 million in presale. While Solana's price has dropped 15.3% from its monthly peak, it remains a strong contender with a 206% year-to-date increase. POPCAT and BONK are facing significant selling pressure, with both coins struggling to maintain support levels amid a challenging market environment.
Bybit will cease withdrawal and custody services in France by January 8, 2025, amid increasing regulatory pressures. French users must withdraw their assets or verify with Coinhouse to access any unclaimed funds transferred after the service termination. The move follows earlier restrictions on French accounts and highlights the growing scrutiny of crypto platforms in the European market.
Norwegian regulations now mandate data centers to disclose ownership and services, aiming to empower local authorities in decision-making. Meanwhile, global enforcement against digital asset fraud intensified, with the CFTC and SEC reporting record recoveries from scams, including the FTX collapse and Terraform Labs fraud. In the U.K., a proposed bill seeks to classify digital assets as property, addressing legal ambiguities, while China revises AML laws to include virtual assets, maintaining a ban on digital asset transactions.
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