Top college football prospect Matai Tagoa’i will receive part of his earnings in Bitcoin through a NIL deal with the University of Southern California, joining stars like Odell Beckham Jr. and Russell Okung in this trend. Tagoa’i aims to set an example for young athletes, highlighting the potential for long-term financial growth. Beckham, who converted his $750,000 salary to Bitcoin in 2021, recently celebrated the cryptocurrency's rise, while Okung advocates for Bitcoin payments in his new flag football league, Bitball, to help athletes preserve wealth.
VeChain has introduced a new feature allowing users to manage wallets using Web2 social identities, enhancing accessibility to Web3 applications. This launch coincides with the upcoming VeChain Renaissance upgrade, aimed at achieving greater decentralization and improved tokenomics. Despite a recent decline in VET's price, analysts suggest the asset remains undervalued, with potential for significant growth in 2025 driven by strategic partnerships and a thriving ecosystem.
In March 2023, a regional banking crisis in the U.S. unexpectedly impacted Credit Suisse, prompting federal authorities to act swiftly to maintain its solvency and prevent a global financial crisis. Despite extensive preparatory work, negotiations for a merger with UBS were challenging, leading to multiple fallback options being considered. The Parliamentary Investigation Committee later criticized the handling of the crisis, highlighting weaknesses in the existing too-big-to-fail regulations and the need for improved risk management and early crisis detection.
The crypto market experienced over $1 billion in liquidations on December 19, primarily affecting long positions, as Bitcoin's price fell 3.36% to $97,350, dropping below the $100,000 mark. Analysts noted this volatility as a reaction to sudden negative momentum after a bullish period, with some suggesting potential buying opportunities amid expected policy changes with the upcoming administration.
The Parliamentary Commission of Inquiry's report on the Credit Suisse crisis has sparked varied reactions, with calls for the resignation of FINMA chairwoman Marlene Amstad and criticism of the bank's management for strategic failures. The Swiss National Bank plans to strengthen regulations, while UBS expresses cautious support for government proposals to enhance financial stability.
rsi
US stock futures indicate a challenging day ahead as the House voted against a Trump-backed spending bill, raising the likelihood of a government shutdown. Key inflation data is anticipated, with futures for the S&P 500 down 1% and Nasdaq futures plunging 1.6%. Major stocks, including Nvidia and Tesla, faced significant declines amid global market pressures and disappointing earnings reports.
Sui Network, a layer-1 blockchain launched in May 2023, has gained traction in the cryptocurrency market, achieving a peak price of nearly $5. Analysts predict significant growth, with forecasts suggesting it could reach $25 by year-end, driven by its high transaction speed and new features like cross-chain USDC transfer protocols. The increasing user base and positive expert predictions highlight Sui's potential to outperform competitors in the blockchain space.
Following the collapse of Credit Suisse, various political parties are calling for a stronger role for the Swiss Financial Market Supervisory Authority (FINMA). Criticism has been directed at FINMA for its failure to prevent the disaster, with suggestions for enhanced supervisory powers and stricter regulations for major banks. The Greens and Socialists advocate for tougher rules, including a ban on bonuses for executives of systemically important banks, emphasizing the need for improved financial oversight.
U.S. stock index futures fell sharply amid fears of a government shutdown and shifting interest rate expectations, as Congress struggles with President Trump's spending bill. The Federal Reserve has raised its inflation forecast for 2025, contributing to market volatility.In Russia, the central bank maintained its key interest rate at 21%, surprising markets that expected a hike. This decision aims to combat inflation, currently at 9.5%, while facing criticism from business leaders who argue that high rates hinder investment in a strained economy.
The PUK report attributes the downfall of Credit Suisse primarily to management missteps, while highlighting the leniency of politicians and authorities towards the banking lobby. It criticizes the "too big to fail" regulation as inadequate during crises and calls for urgent reforms to prevent future failures, especially with UBS's increased risk.

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