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Web3Bay is emerging as a key player in decentralized e-commerce, supported by major investors like Fidelity and BlackRock. With its 3BAY token, users gain governance rights and rewards, while Solana and Tron continue to excel in transaction capabilities and market performance. As cryptocurrency adoption grows, Web3Bay is set to redefine online shopping, promising significant returns for early investors.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
On December 19, US spot Ethereum ETFs experienced significant outflows totaling $60.47 million, ending an 18-day inflow streak, primarily driven by the Grayscale Ethereum Trust, which saw $58.13 million exit. This downturn coincided with a broader crypto market decline, as Ether's price dropped over 9% to $3,371 amid inflation concerns following the Federal Reserve's interest rate cuts. Despite the recent setbacks, spot Ether ETFs have accumulated $2.4 billion in net positive flows since their launch in July, with 81% of ETH holders still profitable at current prices.
XRP's price fell sharply below $2.20 amid a broader cryptocurrency market correction, with the global market cap down nearly 9%. Despite this decline, analysts remain optimistic, predicting potential rebounds to targets as high as $5, with some suggesting even greater peaks if a FOMO-driven rally occurs.
Bitcoin ETFs experienced a record single-day outflow of $680 million on December 19, ending a 15-day inflow streak. Ethereum ETFs also faced $60 million in outflows, breaking an 18-day positive trend. Fidelity and Grayscale funds led the outflows, while BlackRock's ETFs remained stable.
Bitcoin experienced a significant price drop, falling from over $105,000 to below $96,000, following a record $671.9 million net outflow from Bitcoin ETFs on December 19. This reaction was triggered by Fed Chair Powell's comments on interest rates and inflation, leading to heightened investor fear. Ethereum ETFs also faced outflows, with $60.5 million withdrawn, contributing to a 9% decline in ETH's price.
The SEC has approved the first hybrid Bitcoin-Ethereum ETFs, allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF, respectively. Each fund will hold approximately 80% Bitcoin and 20% Ethereum based on market capitalizations. Grayscale has also filed to convert its Solana Trust into an ETF, aiming to enhance investor access.
Ethereum's price fell to $3,540, a 10% drop, following a hawkish Federal Reserve announcement, while Ethereum ETFs saw inflows surpassing $2.46 billion over 18 days. Despite the decline, over 54.7 million ETH are staked, indicating strong long-term investor sentiment. The total value locked in Ethereum's DeFi ecosystem exceeds $73.7 billion, significantly outpacing competitors.
Ethereum (ETH) is gaining momentum, trading at $3,858 after a 71.2% increase this year, with analysts predicting a potential rise to $10,000 by 2025, fueled by institutional interest and recent ETF approvals. Meanwhile, PlutoChain ($PLUTO) aims to revolutionize Bitcoin by introducing smart contracts and reducing block times to 2 seconds, enhancing its scalability and functionality, while fostering a community-driven governance model.
Cathie Wood, founder of ARK Invest, predicts Bitcoin could reach $1.5 million by 2030, highlighting its potential to rival gold's $15 trillion market cap. With a current valuation of $2 trillion, she emphasizes Bitcoin's resilience, decentralized nature, and growing institutional adoption as key factors driving this forecast. As institutional momentum strengthens, Wood's vision reflects a broader belief in Bitcoin's transformative role in global finance.
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