BYDFi has partnered with leading payment service providers to streamline the crypto purchasing process, making it easier and more cost-effective for users. The platform will soon launch "BYDFi Copy Trading," allowing users to automatically replicate the strategies of professional traders.Additionally, Wanchain's native token, $WAN, has been listed on BYDFi, enabling users to buy, sell, and manage it. Wanchain is recognized for its pioneering work in blockchain interoperability, facilitating secure asset transfers across multiple blockchains.
Huber has been elected as the new Chairman of GKB, effective from July 1, 2025, to June 30, 2029, following his tenure as Chairman of the Executive Board of Raiffeisen Switzerland since 2019. He replaces Peter Fanconi, who will step down early amid scrutiny over GKB's lending practices but will remain in his role until June 2025 to ensure a smooth transition.
Metaplanet has officially launched Bitcoin Treasury Operations, aiming to integrate Bitcoin into its financial framework. The Tokyo-based company plans to purchase, hold, and manage Bitcoin, leveraging various financial instruments while generating income from Bitcoin put option sales. With projected revenue of 890 million yen for the fiscal year, Metaplanet is on track for its first consolidated operating profit in seven years, bolstered by significant unrealized gains on its BTC holdings.
Solana's price has struggled below $215 after peaking at $263 on November 22, dipping to $203 last week. Despite a recent uptick in trading volume, analysts suggest it may retest the $203 support before any potential recovery, with a target of $300 requiring a break through resistance at $222. Meanwhile, Bitwise has launched a Solana Staking ETP in Europe, offering a 6.48% staking reward, as interest in Solana remains high.
Heinz Huber will step down as CEO of Raiffeisen at the end of the year to become Chairman of Graubünden Kantonalbank in July 2025. Huber, who has led Raiffeisen since January 2019, is credited with restoring the bank's growth after a challenging period marked by significant losses. Christian Poerschke will serve as interim CEO during the transition.
Lido Finance has decided to discontinue its staking services on Polygon following a community vote, citing challenges such as limited user adoption and inadequate rewards. stMATIC holders will stop receiving network rewards immediately, with the option to unstake MATIC until June 16, 2025. The shift in focus towards Ethereum reflects changing dynamics in the decentralized finance landscape, particularly with the rise of zkEVM solutions.
The Bitcoin Policy Institute has drafted an executive order for President-elect Donald Trump to designate Bitcoin as a strategic reserve asset, effective on his first day in office. This initiative aims to enhance U.S. economic stability and leadership in the digital asset space by establishing a Strategic Bitcoin Reserve within the Treasury's Exchange Stabilization Fund. The proposal includes provisions for regular audits and prohibits the sale of any federal Bitcoin holdings, directing their transfer to the new reserve.
Ethereum is experiencing net outflows on spot exchanges, a trend that typically indicates bullish sentiment as investors move their assets to cold wallets, reducing market selling pressure. Analysts suggest that sustained net outflows are crucial for maintaining upward price momentum, while sudden inflows could lead to short-term corrections. Ethereum's performance is pivotal for the altcoin market, as a strong rally could trigger an "altcoin season," boosting demand for smaller-cap assets.
The FTSE 100 and DAX 40 are finding support as the NASDAQ 100 consolidates below its record high ahead of key monetary policy meetings. The FTSE 100 has stabilized around its 200-day SMA at 8,197, while the NASDAQ 100 may see support between 21,760 and 21,784. A rise above 22,132 could target 23,000 for the NASDAQ.
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Bitwise has launched a Solana staking exchange-traded product (ETP) in Europe, ticker BSOL, offering a 6.48% annual percentage yield, surpassing competitors like 21Shares. With a management fee of 0.85%, it aims to attract stakers while awaiting U.S. approval for its Solana ETF. The firm remains optimistic about ETF approvals by 2025, predicting significant growth in the crypto market.
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