BlockDAG is poised for significant growth, bolstered by a successful presale exceeding $171.5 million and a strategic partnership with Inter Milan, enhancing its visibility and user engagement. While Ethereum Classic and Polkadot show potential for gains, their growth is hindered by limited ecosystem advancements compared to BlockDAG's innovative technology and real-world applications. The collaboration with Inter Milan positions BlockDAG uniquely in the competitive crypto landscape, promising long-term value for stakeholders.
Greaves Electric Mobility (GEML), a subsidiary of Greaves Cotton, has submitted a Draft Red Herring Prospectus (DRHP) for its initial public offering (IPO) to the Securities and Exchange Board of India, BSE, and NSE. The IPO includes a fresh issue of equity shares worth up to Rs 10,000 million and an offer for sale of 51 million shares by the company and 138.4 million shares by Abdul Latif Jameel Green Mobility Solutions DMCC.
The Swiss parliamentary investigation into Credit Suisse's collapse reveals significant regulatory failures, particularly a skewed capital ratio that fell below minimum requirements by late 2022. The findings echo the 2008 UBS crisis, highlighting systemic issues in risk culture and governance. As a result, FINMA is set to gain enhanced enforcement powers to improve supervision, marking a critical shift in regulatory oversight amidst a landscape with no major banks left to rescue others.
U.S. markets kicked off the last trading week of the year with gains, led by strong performances from major tech stocks. Meanwhile, Nissan and Honda announced merger discussions, potentially creating a $191.4 billion entity. Taiwan's Taiex emerged as Asia-Pacific's top stock market performer in 2024, driven by tech stocks like TSMC and Foxconn.
Ethereum's price has fallen below its moving average lines, currently trading at $3,393, with significant pressure on the $3,000 support level. If this support holds, Ether may fluctuate between $3,000 and $4,094, while key resistance levels are identified at $4,000 and $4,500. The market sentiment remains bearish as buyers struggle to maintain upward momentum.
Solana has surged over 2,000% since its 2022 lows, outperforming Bitcoin and Ethereum in both price performance and trading volume. With $776 million in daily capital inflows and a positive net capital trend since September 2023, SOL's growth is driven by increased demand, particularly from new investors engaged in meme coin activity. The market remains heated, suggesting potential for further gains before profit-taking occurs.
Crypto analyst Jason Pizzino suggests that Ethereum and altcoins are poised for an upward swing, mirroring patterns from December 2020. He notes that while the ETH/BTC pair shows potential, further drops may occur before a significant rally, indicating that market sentiment is not yet at a peak of excitement. Currently, ETH/BTC is valued at 0.0342 BTC ($3,264.68).
The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump on his first day in office, aiming to establish a Bitcoin Strategic Reserve, improve banking access for crypto firms, and create a regulatory council. Industry leaders believe these measures would signal a shift towards innovation and leadership in the sector, contrasting sharply with the current administration's stance. Trump's recent nominations for economic and digital asset councils further underscore his commitment to fostering a favorable environment for cryptocurrency.
A trading signal for DOGEUSDT (Dogecoin) suggests buying now or on a dip around 0.312, with a stop-loss set at 0.296. Suggested take-profit levels are 0.374, 0.399, and 0.471. Traders are advised to use technical analysis tools for informed decision-making while acknowledging the risks involved.
BlackRock’s iShares Ethereum Trust ETF has surpassed one million ETH, indicating strong institutional demand despite Ethereum's price struggling below $4,000. Year-to-date, ETH has risen 43% to $3,283, but has been outperformed by other cryptocurrencies. Analysts suggest that growing institutional interest and historical trends following US elections could signal a potential altcoin season ahead.

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