Bitcoin is currently facing a challenging week, down about 8%, with significant outflows from U.S. spot Bitcoin ETFs indicating profit booking. Analysts are divided on its next move, with a critical battle expected around the $100,000 mark, which could influence altcoin performance.SUI, BGB, ENA, and VIRTUAL are showing potential for near-term gains, with SUI bouncing off key support levels and BGB consolidating after recent volatility. Meanwhile, ENA and VIRTUAL are attempting to maintain upward momentum, with critical resistance levels to watch.
Ethereum (ETH) has fallen below the $3.5K support level, currently consolidating above $3.3K after a 14% pullback. The critical $3K support is under scrutiny ahead of nearly $4B in options expiring, with whale accumulation suggesting potential bullish sentiment if this level holds.
On a pivotal Friday, discussions in Bern shifted from the downfall of Credit Suisse to Switzerland's future with the EU, highlighting the SVP's central role. Former Federal Councillor Ueli Maurer's failure to communicate during the CS crisis and Magdalena Martullo-Blocher's staunch anti-EU stance complicate Switzerland's path, as the electorate remains divided on EU relations, with a referendum looming until 2027. Meanwhile, the melancholic atmosphere surrounding Federal Councillor Ignazio Cassis contrasts sharply with the rapid decline of Credit Suisse and the uncertain geopolitical climate as Donald Trump prepares for his second term.
As the political landscape shifts with Trump's potential return to office, crypto whales are increasingly investing in XRP, PlutoChain, Solana, and Toncoin, anticipating regulatory changes and market opportunities. PlutoChain aims to enhance Bitcoin's capabilities with Layer-2 technology, while XRP's recent legal victories and potential ETF approval bolster investor confidence. Despite recent price dips, Solana's innovative Proof-of-History mechanism and Toncoin's steady recovery signal resilience in the crypto market.
An early Dogecoin investor is eyeing XYZVerse, currently priced at $0.001333, predicting a potential rise similar to Dogecoin's 2021 surge. With a community-driven appeal, massive growth potential, and real-world applications, XYZVerse aims for a trajectory targeting $0.1, representing a possible 7,402% increase. Its robust roadmap and integration of sports and gaming markets position it as a strong contender in the meme coin space.
Haliey Welch, a 22-year-old social media influencer, has expressed her willingness to cooperate following a class action lawsuit filed by HAWK investors, accusing her of a rug pull scam after her memecoin lost 95% of its value shortly after launch. She stated her commitment to assist the legal team and uncover the truth, addressing the concerns of affected investors and the broader community. The lawsuit, filed by Burwick Law, involves claims related to investor protections under federal law concerning the HAWK memecoin launched on December 4, 2024.
Kim Nam-guk, a former South Korean lawmaker, faces a six-month prison sentence for allegedly concealing 9.9 billion won (approximately $6.8 million) in cryptocurrency holdings during his asset declarations in 2021 and 2022. Prosecutors claim he omitted significant crypto profits and transferred assets to bank accounts to disguise his digital holdings. His case highlights ongoing debates over South Korea's crypto regulations and the upcoming implementation of a crypto tax set for January 2025.
XRP is poised for a historic moment in 2025, with Bitstamp predicting significant price increases amid a backdrop of optimism from the XRP community. Analysts forecast a potential rise to $3.55 in early 2025, with some projections reaching as high as $20, driven by anticipated ETF approval and resolution of legal issues with the SEC. However, caution remains as market volatility could impact many investors.
A cyberattack on SRP Federal Credit Union has exposed the sensitive data of 240,000 customers, including Social Security numbers, driver’s license numbers, and financial information. Hackers accessed the credit union's systems multiple times between September and November 2024, with a ransomware group claiming to have exfiltrated 650 GB of confidential data. While the credit union has not confirmed the nature of the attack, investigations are underway regarding the breach's impact on customers.

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