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Pudgy Penguins’ PENGU token surged 13% to $0.040 on January 5, despite a 52% drop in NFT sales over the past week, totaling $5.5 million. The token, which has seen a 250% increase since its launch, plans to expand to Ethereum and Abstract, with potential governance roles for holders. While large holders are cashing out, Pudgy Penguins remains popular, recording over 1.1 billion views for its viral GIFs and stickers in early January. The project has also secured partnerships with Walmart and Target for toy sales, contributing to its status as the second-largest NFT collection by market cap.
Pfizer faces investor concerns over declining coronavirus product sales and loss of exclusivity on key drugs, prompting a potential turnaround. While 2025 may not see as many stock splits as 2024, interest in AI stocks and recovery stories could drive market momentum, especially with anticipated interest rate cuts boosting consumer spending. Investors are likely to focus on stock valuations, seeking quality opportunities amidst rising prices.
Big Lots, after a turbulent year marked by financial struggles, has been acquired by Gordon Brothers Retail Partners, ensuring the operation of hundreds of stores. The retailer faces challenges adapting to consumer preferences and competition from giants like Walmart and Dollar General, necessitating a rethinking of its merchandise strategy and digital investments to enhance customer engagement and experience. With the backing of Gordon Brothers, Big Lots has a chance to innovate and redefine its identity in the retail landscape.
Trading activity is subdued ahead of the Christmas holidays, with many market participants taking a break. The Dow is up 13% this year, while the Nasdaq 100 has nearly doubled that gain, despite Walmart shares dropping over 3% due to a lawsuit. Oil prices fell as the dollar strengthened, impacting crude costs.
The S&P 500 and Dow fell in choppy trading as investors anticipated a slower pace of Federal Reserve rate cuts next year, following a stopgap government funding bill. The Nasdaq rose, buoyed by gains in chipmakers, while Walmart shares dropped amid allegations of unfair fees affecting delivery drivers. Overall market sentiment remained cautious with declining issues outnumbering advancers.
VeChain is set to enhance Web3 accessibility by introducing a feature that allows users to manage wallets using Web2 social identities, such as email and social media. This development coincides with the upcoming VeChain Renaissance upgrade, which aims for greater decentralization, improved validator capabilities, and revised VTHO tokenomics. Despite a recent decline in VET's price, analysts suggest the asset remains undervalued, particularly given its partnerships and potential for growth in the Real World Assets sector.
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.
VeChain is transforming the data economy by leveraging blockchain technology to enhance the "marginal effect," enabling the tokenization of billions of low-value transactions into digital assets. This approach supports peer-to-peer value exchange and aligns with Web3's decentralization ethos. Collaborations with major brands and initiatives like Blockchain Biospheres aim to promote sustainability and traceability, positioning VeChain for significant growth in the tokenized asset market, projected to reach $16 trillion by 2030.
Nestle has launched protein shots in the U.S. aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone. The Boost Pre-Meal Hunger Support drink, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 for a pack of four. While it may enhance GLP-1 release, experts question its long-term effectiveness compared to traditional weight-loss medications.
Nestlé has launched protein shots in the US aimed at weight-loss drug users, designed to suppress appetite by mimicking the GLP-1 hormone response. The Boost Pre-Meal Hunger Support shake, containing whey protein and low calories, is intended to be consumed before meals and is priced at $10.99 per pack. While it may enhance satiety, experts question its long-term effectiveness compared to traditional weight loss methods.
Walmart Inc.
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