Bitcoin ETFs experienced a $226.6 million inflow on December 23, 2024, totaling $35.83 billion since launch, while Ethereum ETFs saw a notable $130.8 million inflow, bringing their total to over $2.46 billion. Despite these gains, mixed performance persists, with some funds facing cumulative outflows.
Decentralized Finance (DeFi) is revolutionizing financial services by eliminating the need for central intermediaries through blockchain technology and smart contracts. The market is projected to grow from $21.3 billion in 2023 to $616.1 billion by 2033, driven by demand for alternative financial solutions and increased institutional engagement. Key trends include the rise of decentralized exchanges, lending platforms, and innovative financial products, while challenges such as regulatory uncertainty and security risks persist.
XRP has emerged as the most traded altcoin on Binance in December, boasting a trading volume exceeding $116 million on Binance Futures, despite a challenging market. While it has seen an 11% decline over the past week, it remains valued at approximately $2.25, reflecting a remarkable 250% annual increase. Additionally, the number of non-empty XRP wallets has grown by 28% over the past two years, indicating increasing investor confidence and long-term commitment to the asset.
Ripple's RLUSD stablecoin has been listed on Singapore's Independent Reserve, marking a significant step in its expansion within the competitive stablecoin market. Backed 1:1 by U.S. dollar reserves, government bonds, and cash equivalents, RLUSD aims to address financial inclusion gaps and enhance liquidity through partnerships with global exchanges. The formation of a high-profile advisory board, including figures like Sheila Bair and Raghuram Rajan, underscores Ripple's commitment to regulatory compliance and innovation in the digital asset space.
DTX Exchange is emerging as a promising new token, having already delivered a 500% return during its presale, with expectations of a 3x increase by 2025. While Solana and Ripple face price challenges, DTX aims to innovate online trading with a hybrid platform offering over 120k asset classes and up to 1000x leverage. As it prepares for a Tier-1 CEX listing, the token's price is projected to rise from $0.12 to $0.20, attracting significant interest from traders.
Ethereum's price surged 4.26% to $3,398, supported by strong institutional inflows of $130.76 million, led by BlackRock and Fidelity, despite Bitcoin ETF outflows. Technical patterns suggest a potential breakout towards the $4,000 mark, fueled by increasing demand, particularly in the Korean market, where the premium index reached its highest since September.
UBS has maintained a Buy rating on Datadog, raising its price target to $175, citing optimism around long-term growth opportunities. The company reported a 26% year-over-year revenue increase, reaching $690 million, and continues to benefit from strong gross profit margins of 81.24%. Analysts remain confident in Datadog's prospects, with several firms projecting significant future cash flow and market share gains.
UBS has maintained a Buy rating on Datadog, raising its price target to $175, citing optimism around long-term growth opportunities. The company reported a 26% year-over-year revenue increase, reaching $690 million, and continues to benefit from strong gross profit margins of 81.24%. Analysts remain confident in Datadog's prospects, with several firms projecting significant future cash flow and market share gains.
Independent Reserve Singapore has launched Ripple USD (RLUSD), a stablecoin backed by the US dollar, enabling secure trading in SGD and USD. This addition marks a significant milestone for the exchange, enhancing cross-border transactions and supporting decentralized finance. RLUSD operates under strict regulatory oversight, with monthly third-party verification of its reserves, reinforcing its credibility in the cryptocurrency market.
In 2024, cryptocurrency hackers stole over $2.3 billion across 165 incidents, marking a 40% increase from the previous year, primarily due to access control breaches. These vulnerabilities accounted for $1.9 billion, while smart contract exploits and address poisoning scams followed. Experts urge the industry to enhance security practices to mitigate future risks, especially as North Korean hackers may target Bitcoin ETFs in 2025.

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