Senator Tim Scott, chair of the U.S. Senate Banking Committee, has hailed cryptocurrency as “the next wonder of the world.” Alongside Representative French Hill, he is advocating for bipartisan legislation on digital assets, including the Financial Innovation and Technology for the 21st Century Act (FIT21) and a stablecoin bill, with implementation expected in 2025. Scott plans to establish a digital assets subcommittee to advance these initiatives.
Roger Ver, founder of Bitcoin Cash, appeared in a 40-minute interview with Tucker Carlson, where he criticized Bitcoin and discussed his legal troubles, including accusations of tax evasion. His comments led to a surge in Zano's market cap from $80M to $180M, despite Bitcoin Cash and Verse being significantly down. Ver framed his situation as a fight for free speech and financial independence, urging public support against what he views as government overreach.
Calamos Advisors LLC increased its stake in Albertsons Companies, owning 1,678,613 shares valued at $33.15 million, while Bank of New York Mellon Corp raised its holdings by 38.7% to 3,426,264 shares worth $67.67 million. Hedge funds and institutional investors own 71.35% of the stock. Analysts have mixed ratings, with a consensus "Moderate Buy" and an average target price of $22.75, despite recent price target reductions from UBS Group and Morgan Stanley.
Calamos Advisors LLC increased its stake in Albertsons Companies, owning 1,678,613 shares valued at $33.15 million, while Bank of New York Mellon Corp raised its holdings by 38.7% to 3,426,264 shares worth $67.67 million. Hedge funds and institutional investors control 71.35% of the stock. UBS Group lowered its price target for Albertsons from $27 to $24, maintaining a "neutral" rating, while other analysts have mixed views, with a consensus rating of "Moderate Buy" and an average target price of $22.75. The company's recent earnings report showed a slight revenue increase, with a net margin of 1.25%.
Solana (SOL) is experiencing a significant shift in its investor base, with long-term holders reducing their stakes and new investors entering the market, reflecting a mix of optimism and caution amid ongoing volatility. The scheduled unlocking of 11.2 million SOL tokens in March 2025 poses a potential risk, as it could lead to increased selling pressure. Analysts are divided, with some predicting a bullish reversal while others warn of challenges ahead, emphasizing the importance of Solana's ability to navigate these structural changes for future growth.
Solana has seen a shift in investor behavior, with 27% of its supply now held by those who bought in the last 6-12 months, indicating strong confidence in its long-term prospects. Analysts predict that if positive market trends continue, SOL could reach $500 by 2025, despite potential downside risks. The trend towards long-term holding may reduce volatility and support continued growth for the cryptocurrency.
South Korea's antitrust regulator has fined Kakao Mobility $10.5 million for unfairly restricting competitors' access to its dominant taxi-hailing platform, Kakao T, which holds a 96% market share. This penalty is a reduction from an earlier $50.3 million fine due to overestimated profit calculations. Additionally, Kakao Mobility faces a $2.47 million fine from the Financial Services Commission for accounting fraud, with the case referred to prosecutors for further investigation.
Crypto.com CEO Kris Marszalek met with President-elect Donald Trump at Mar-a-Lago to discuss a potential national Bitcoin reserve and regulatory frameworks for the crypto industry. Following the meeting, the exchange's native token, Cronos (CRO), surged over 25%. The crypto community has expressed optimism about the new administration's approach to digital assets, with Crypto.com withdrawing its lawsuit against the U.S. Securities and Exchange Commission (SEC) to collaborate on regulations.
Solana, after reaching an all-time high of $264, has been in a downtrend but is showing signs of a potential rally. Analysts predict a bullish breakout, targeting $300 based on a repeating fractal pattern, with long-term projections reaching up to $440. Despite recent underperformance compared to Bitcoin and Ethereum, traders believe Solana is poised for a significant upward movement if it breaks above $235.

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