Solana's network activity surged to a record 66.9 million daily transactions, driven by the debut of the Pudgy Penguins NFT project and its native token, PENGU. This milestone eclipsed the total transactions of all other major blockchains combined. Despite a strong start, PENGU's market cap fell from $2.3 billion to $2 billion, while Solana's SOL token rose 3.2% to $229 before retreating to $217 amid market caution ahead of the Fed rate decision.
Shiba Inu's price has dropped 20% to $0.000025, with whale demand plummeting 82% as Solana meme coins gain traction. Despite a broader crypto market recovery, SHIB struggles to attract large investors, risking further sell-offs if it fails to hold key support levels.
UBS has raised its price target for Microsoft, maintaining a 'Buy' recommendation despite a temporary drop in the share price, which fell 0.54% to $452.00 on NASDAQ. The outlook suggests further potential for the tech giant.
A consensus is forming that the Federal Reserve should hold off on further interest rate cuts after a 25-basis-point move. Wall Street saw mixed results, with the Dow closing lower for the ninth consecutive session, a first since 1978. In corporate news, Microsoft significantly increased its Nvidia chip purchases, while Starbucks union workers authorized a strike. Morgan Stanley named Disney a top pick, and Salesforce announced plans to double its hiring for AI customer service agents.
Roche has launched the cobas Mass Spec, a groundbreaking device for mass spectrometry that has received CE Mark approval. This innovative solution will provide over sixty analytical tests, enhancing patient care by enabling earlier detection of therapeutic responses, particularly in breast cancer patients undergoing hormonal therapy. The technology promotes automation and sustainability in laboratory workflows, aligning with Roche's strategic integration of clinical chemistry and immunochemistry testing.
Chainlink's native token, LINK, is attracting significant interest, with $75 million recently moved from exchanges to wallets, indicating long-term accumulation despite a current price decline to $27.22. A crypto expert has noted a buy signal on the TD Sequential indicator, suggesting a potential rise to $30.2, although bearish sentiment could push LINK down to a support level of $21.75.
A parliamentary commission in Switzerland is set to present its investigation report on the emergency takeover of Credit Suisse by UBS on Friday. The report, anticipated by both politicians and the public, is expected to criticize the Financial Market Supervisory Authority, the Ministry of Finance, and the Swiss National Bank for their roles leading up to the crisis. This inquiry marks the fifth of its kind in modern Swiss history, following a significant event that has impacted the nation's self-image regarding financial stability.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 for a pack of four. While it may enhance GLP-1 release, experts question its long-term effectiveness compared to traditional weight-loss medications.
Sonic Labs has launched the Sonic mainnet, an EVM-compatible layer-1 blockchain capable of processing over 10,000 transactions per second with sub-second finality. The platform introduces a Fee Monetization model that rewards developers with up to 90% of network fees, enhancing incentives for application development. Additionally, the Sonic Gateway offers a secure, decentralized bridge to Ethereum, ensuring asset protection and efficient transfers.
UBS has reduced its price target for Pernod Ricard from 122 to 118 euros, maintaining a "Neutral" rating ahead of the company's second fiscal quarter results due on February 13. Analyst Sanjeet Aujla anticipates a 2.9 percent decline in organic growth, which is worse than market expectations.

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