Cathie Wood, founder of ARK Investment Management, predicts a surge in startup mergers and acquisitions if Donald Trump wins another presidential term, citing potential regulatory changes. She maintains that Bitcoin could exceed $1 million by 2030 due to its fixed supply, contrasting it with gold's expandable production. Wood also highlights the positive impact of Trump's pro-crypto policies, including the nomination of Paul Atkins as SEC Chair, which could foster growth in both the tech startup and cryptocurrency markets.
Solana (SOL) has surged over 200% to $216 in 2024, driven by its fast transaction speeds and low fees, alongside ongoing ecosystem developments. Projections suggest SOL could reach between $300 and $700 by 2025, bolstered by institutional backing and growth in DeFi and NFTs.Meanwhile, Tether (USDT) is enhancing its reliability by diversifying its backing assets, including government and corporate bonds. As interest in cryptocurrencies rises, particularly with potential ETF approvals, USDT is expected to play a crucial role in providing liquidity and stability in the evolving market landscape.
UBS analysts have declared an overweight position on the United Kingdom in their Outlook 2025 report, citing five key reasons. Notably, the UK tends to excel when defensive sectors are performing well, indicating a positive outlook for investors.
UBS analysts have declared an overweight position on the United Kingdom in their Outlook 2025 report, citing five key reasons. Notably, the UK tends to excel when defensive sectors are performing well, indicating a positive outlook for investors.
World Liberty Financial (WLFI), a new venture by Donald Trump, has made waves in the cryptocurrency sector by acquiring 722 ETH for approximately $2.5 million, boosting its total Ethereum holdings to about 15,598 tokens valued at $53 million. The project aims to democratize crypto loans, challenging traditional financial institutions, while also diversifying into other cryptocurrencies like Aave and Chainlink. With significant backing from TRON founder Justin Sun, WLFI is under scrutiny as it navigates a competitive DeFi landscape amid concerns over potential conflicts of interest.
Hailey Welch, the influencer behind the viral 'Hawk Tuah' TikTok video, is cooperating with lawyers after allegations of a rug pull involving the HAWK memecoin, which saw a rapid rise to $500 million before plummeting 90%. Although not named in a lawsuit against the project's creators, Welch urged affected investors to seek legal counsel, emphasizing her serious approach to the situation. The SEC's stance on tokens as securities may impact potential legal outcomes as regulatory changes loom.
Ragnarok Landverse, a blockchain-enhanced MMORPG, is set to launch on the Ronin network in early 2025, following a successful soft-launch on BNB Chain. The game has generated $15 million in NFT sales and attracted over 400,000 players, offering a fresh start with non-transferable assets initially. Pre-registration is now open, allowing players to connect their Ronin wallets for potential rewards.
Shiba Inu has partnered with Chainlink to enhance its ecosystem, enabling cross-chain functionality for its assets SHIB, BONE, and LEASH across 12 blockchains through the Cross-Chain Interoperability Protocol (CCIP). Despite this collaboration, both SHIB and LINK experienced significant price drops of nearly 20% and 16%, respectively, amid a broader cryptocurrency market correction following the latest Federal Reserve meeting.
Solana's price has plummeted 30% from a peak of $263 to around $190, following a broader cryptocurrency market downturn after the Federal Reserve's recent interest rate announcement. Concerns are growing that it could fall to $100 if bearish trends persist, especially with a significant drop in Total Value Locked (TVL) and mixed trader sentiment. However, a recovery is possible if support levels hold.
Traders are closely monitoring key levels for Cardano (ADA) and Solana (SOL) as potential price movements could define their trajectories in the upcoming weeks. ADA has shown a 33.47% increase over the past month but recently declined by 10.12%, while SOL has grown 55.24% over six months but faced an 8.12% drop last week. Meanwhile, XYZVerse (XYZ) is emerging as a notable contender in the 2024 bull run, blending sports and meme culture for potential substantial growth.
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