Solana's price is nearing the critical $209 support level amid rising bearish pressure, challenging its previous upward momentum. The 100-day Simple Moving Average offers some support, but increased selling could lead to deeper losses if the $209 mark is breached. A rebound could signal strength, potentially pushing prices toward $240 and $260, while failure to hold could see declines toward $194.
The European Securities and Markets Authority (ESMA) has released final guidance for the Markets in Crypto-Assets (MiCA) regulations, set to take full effect soon. The guidelines focus on market abuse prevention, cross-border cooperation, and investor protection, while emphasizing the need for crypto-asset service providers to tailor advice to clients' needs. ESMA Chair Verena Ross cautioned that the new regulations won't eliminate the inherent risks and volatility in the crypto market.
Ethereum whales now control 57.35% of the total supply, indicating strong accumulation and a bullish outlook among major stakeholders. Meanwhile, smaller wallets have reached historic lows, suggesting a shift in wealth concentration. Consistent ETF inflows and a cautiously optimistic market sentiment hint at potential price increases in the coming months.
Florence Schnydrig Moser, Head of Private Banking at ZKB, emphasizes the importance of addressing the pension gap in Switzerland. In a recent interview, she discusses the reasons behind this issue and its potential consequences, urging individuals to share their financial knowledge to mitigate the gap's impact.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago to discuss cryptocurrency policies, including a proposed national Bitcoin reserve. This meeting coincided with Crypto.com dropping its lawsuit against the SEC, aiming to collaborate with the new administration on regulatory frameworks. Trump has also made key appointments favoring the crypto industry, including David Sacks as his “AI and crypto czar.”
Pfizer Inc. is the leading pharmaceutical company globally, with sales categorized into primary care products (52.3%), specialty care products (25.6%), oncology (19.9%), and others (2.2%). Geographically, 46.3% of sales come from the United States, 19.9% from Europe, and 33.8% from other regions.
The crypto market is buzzing with promising altcoins, including Wall Street Pepe ($WEPE), which has raised over $27.8M in presale, and Solaxy ($SOLX), Solana's first Layer-2 solution, already garnering $659K. Best Wallet Token ($BEST) offers users full control with advanced features, while Virtuals Protocol ($VIRTUAL) simplifies AI agent creation, recently hitting an ATH of $3.30. Investors are advised to conduct thorough research as prices are expected to soar.
Bitcoin reached a new all-time high of $108,135 before settling at $107,020, marking a nearly 12% increase over the past week. The surge in interest follows President-elect Donald Trump's victory, with speculation about a potential U.S. Bitcoin reserve. Meanwhile, XRP gained over 6% amid the launch of Ripple's RLUSD stablecoin, trading at $2.63.
Sandoz has agreed to pay $275 million to settle price-fixing litigation inherited from Novartis, resolving claims of anticompetitive conduct from 2009 to 2019 without admitting wrongdoing. The settlement, pending court approval, is part of Sandoz's efforts to address legacy allegations while facing additional claims from U.S. states and individual plaintiffs. The company has also set aside $265 million for ongoing litigation.
Lido has announced the phase-out of its liquid staking protocol on Polygon following a community vote, citing challenges like low user adoption and high maintenance costs. The transition will begin on December 16, 2024, with a withdrawal period until June 16, 2025, during which rewards will be discontinued. This decision aligns with Lido's strategic focus on Ethereum and follows similar operational halts on other platforms like Solana.

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