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Cryptocurrency ownership is surging globally, particularly in emerging markets, with notable increases in Mexico (8%), the Philippines (7%), and South Africa (7%). Over half of respondents in Nigeria, South Africa, Vietnam, the Philippines, and India own crypto wallets, while interest in investing remains high in Asia and Africa, contrasting with skepticism in Europe and North America. Demographic disparities exist, with younger men showing greater understanding of cryptocurrency compared to women and older individuals.
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the stock. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
Costco Wholesale's stock was sold at an average price of $894.68, totaling $1,266,866.88, resulting in a 4.91% decrease in ownership for the executive vice president, who now holds 27,400 shares valued at $24.5 million. In the past ninety days, insiders sold 11,016 shares worth nearly $9.8 million, with institutional investors owning 68.48% of the company. Analysts have raised price targets for Costco, with UBS Group setting a new target of $1,040, indicating a potential upside of 4.42%.
Pi Network has surpassed Binance in user numbers in South Korea, boasting 1.34 million users, while the exchange has fewer. The project, which allows smartphone mining, is nearing the launch of its open mainnet, pending final verifications, with 14 million users already meeting requirements. The deadline for the remaining verifications is set for December 31.
The TEAMZ Web3・AI Summit 2025 will be held on April 16-17 at Toranomon Hills, Tokyo, gathering over 10,000 global leaders, innovators, and investors in the Web3 and AI sectors. The event will feature keynote speeches, panel discussions, and an exhibition area showcasing cutting-edge technologies, fostering networking and collaboration opportunities. This summit aims to explore the future of business through Web3 and AI, highlighting Japan's pivotal role in global tech innovation.
Match Group, Inc. specializes in the development and publishing of online dating platforms, including Tinder, Hinge, Match, Meetic, OkCupid, PairsTM, Plenty Of Fish, Azar, and BLK, available in over 40 languages. The company generates 54.2% of its revenue internationally.
Privacy coins surged on December 11 and 12, with Verge (XVG) leading gains at 51.8%, reaching $0.01704, while trading volume soared to $361 million. The sector's total value hit $7.53 billion, driven by significant increases in NuCypher (NU), Zcash (ZEC), and Monero (XMR). However, privacy coins face scrutiny from regulators due to concerns over their use in illicit activities, leading to restrictions in places like Dubai and Japan.
UBS has a positive outlook on the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF), citing high interest rates and expected monetary easing in the UK and Australia. The firm predicts GBP will rise to 1.35 and AUD to 0.68, while CHF is expected to decline to 0.84 due to narrowing interest rate differentials.In contrast, UBS maintains a neutral stance on the Japanese yen (JPY), forecasting a potential short-term rise to 155 but a medium-term decrease to 145 by 2025. The firm is bearish on the Chinese yuan (CNY), anticipating it will rise to 7.50 amid escalating US-China trade tensions and risks of further depreciation despite efforts to stabilize it.
UBS has a positive outlook on the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF), citing high interest rates and expected monetary easing in the UK and Australia. The firm predicts GBP will rise to 1.35 and AUD to 0.68, while CHF is expected to decline to 0.84 due to narrowing interest rate differentials.In contrast, UBS maintains a neutral stance on the Japanese yen (JPY), forecasting a potential short-term rise to 155 but a medium-term decrease to 145 by 2025. The firm is bearish on the Chinese yuan (CNY), anticipating it will rise to 7.50 amid escalating US-China trade tensions and risks of further depreciation despite efforts to stabilize it.
UBS is optimistic about the British pound (GBP), Australian dollar (AUD), and Swiss franc (CHF), predicting rises to 1.35 and 0.68 for GBP and AUD, respectively, due to high interest rates. The Swiss franc is expected to benefit from limited interest rate cuts, with a forecasted USD/CHF rate of 0.84.In contrast, UBS remains neutral on the Japanese yen (JPY), anticipating a potential rise to 155 in the short term but a decline to 145 by 2025. The outlook for the Chinese yuan (CNY) is bearish, with expectations of the USD/CNY rate reaching 7.50 by the end of 2025, driven by trade tensions and risks of further depreciation.

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