Hyperliquid's total value locked (TVL) has dropped by over $1 billion, a 35% decline, amid concerns of North Korean hacking activities. This has led to a 20% decrease in the platform's native token value and significant withdrawals, including a $70 million USDC outflow in one day. Security experts warn that North Korean hackers may be preparing for a larger attack after testing the platform, which has already resulted in losses of approximately $701,000.
Ethereum whales have purchased 340,000 ETH worth over $1 billion in recent days, signaling potential market recovery despite broader downturns. Technical indicators suggest the correction phase may be ending, with bullish long-term trends emerging, even as Ethereum ETFs face notable outflows. Investors should monitor Ethereum's performance at key support levels for signs of a breakout.
Dogecoin is expected to enter a bearish wave F, potentially dropping to $0.15 before a bullish wave G could lead to a new all-time high around $0.8. Analysts suggest that the corrective wave may last until November 2025, with a significant price rebound anticipated in early 2025, although reaching $1 this cycle seems unlikely. Currently, Dogecoin is trading at approximately $0.31, reflecting a nearly 2% decline in the last 24 hours.
U.S. stock futures are mixed as traders anticipate a potential "Santa Claus Rally" amid a quiet holiday week. President Biden's signing of a stopgap funding measure has eased political uncertainty, while Honda and Nissan are moving towards a significant business integration. Additionally, high-profile changes to the Nasdaq 100 index take effect today, with MicroStrategy, Palantir Technologies, and Axon Enterprise joining the index.
In February 2020, Justin Sun dined with Warren Buffett after winning a $4.57 million charity auction. At that time, Tron's TRX was priced at $0.022633, meaning a $1,000 investment would have bought 44,183.272 TRX. By December 2024, with TRX valued at $0.2465, that investment would be worth $10,891, reflecting a 989% return.
UBS has raised its price target for Broadcom from USD 220 to USD 270, citing strong growth potential in artificial intelligence. The bank's analysis highlights Broadcom's strategic investments in AI technologies and its competitive edge in both hardware and software development, positioning the company to capitalize on increasing demand across various industries. This positive outlook is expected to bolster investor confidence and attract further investments.
The Asia Pacific Probiotic Supplements Market is projected to grow from USD 1,705.3 million in 2023 to USD 5,817.0 million by 2030, achieving a CAGR of 18.7%. This growth is driven by increasing health consciousness, the rise of lifestyle-related health issues, and expanding distribution channels. Key players include Nestle, Danone, and Yakult, with market dynamics influenced by cultural preferences and regulatory challenges across the region.
Bitcoin (BTC) is currently in a critical waiting phase, testing a key zone that needs to be decisively broken by sellers. A successful break could lead to a significant downward movement, with a potential buying opportunity near the 200EMA, marking a crucial point for investors.
Trading is expected to be muted during the holiday week, with hopes for a Santa Claus rally boosting stocks. Nissan and Honda have entered merger talks to create the world's third-largest automaker, while Congress passed a stopgap spending bill to avert a government shutdown. MicroStrategy's shares surged 477% this year, driven by rising bitcoin prices and political shifts, as media executives share predictions for 2025 amid industry transitions.
The Grid, a new Web3 structuring and verifying system, aims to enhance blockchain accessibility by providing detailed ecosystem metadata, akin to Google Maps for blockchain data. Co-founder Jonathan Knegtel emphasizes the importance of combining AI with human oversight to ensure high-quality, reliable information. Initially partnered with Solana, The Grid seeks to standardize data across the Web3 landscape, enabling better integration for various platforms.
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