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Do Kwon, former CEO of Terraform Labs, faces fraud charges in the US, impacting over a million global investors due to the collapse of the Terra ecosystem and its algorithmic stablecoin, UST. The case highlights significant regulatory challenges in the cryptocurrency sector, with the US government working to inform victims of their rights. Kwon, who pleaded not guilty, could face up to 130 years in prison.
XRP has emerged as the most preferred cryptocurrency in South Korea, surpassing Ethereum, according to recent reports. Meanwhile, Shiba Inu (SHIB) has seen significant activity among large investors, with nearly 500 billion coins moving into their wallets, indicating a bullish sentiment as the token forms a potential bull flag pattern. If this pattern holds, SHIB's price could rise above $0.00003, reflecting growing confidence among its whales.
Ripple has overtaken Ethereum as the second-most preferred cryptocurrency among South Korean investors, following Bitcoin, according to a recent survey. Despite facing challenges, including a lawsuit with the U.S. Securities and Exchange Commission, Ripple saw a significant 400% price increase in 2024, maintaining its popularity since 2017.In other news, Backpack, a crypto exchange founded by former FTX executives, has acquired FTX EU, enabling it to offer regulated crypto derivatives in Europe. The new branch aims to launch in Q1 2025, providing a range of financial products and integrating traditional payment systems.
The Healthy Foods Market, valued at USD 712.2 billion in 2023, is projected to grow significantly due to rising health awareness and demand for nutrient-rich, organic, and plant-based products. Key players include Nestle, Danone, and PepsiCo, as the market adapts to trends like personalized nutrition and technology integration in food delivery. Challenges such as high production costs and consumer preferences for traditional foods persist, but opportunities for growth remain robust across various regions.
Asian shares mostly rose, buoyed by a Wall Street rally led by Nvidia, with Japan's Nikkei 225 jumping 2.4%. U.S. Steel gained 8.1% after filing a lawsuit against the Biden administration's block of its merger with Nippon Steel, which fell 1.5%. Investors are eyeing potential policy shifts under incoming President Donald Trump, while the Federal Reserve's upcoming minutes and economic reports could influence market sentiment.
Asian shares mostly rose, buoyed by a Wall Street rally led by Nvidia, with Japan's Nikkei 225 jumping 2.2%. However, Hong Kong's Hang Seng index fell 1.9% due to a significant drop in Tencent shares following U.S. sanctions. U.S. Steel gained 8.1% after filing a lawsuit against the Biden administration's block of a merger with Nippon Steel, which also saw a decline in its stock.
Global shares traded mixed, with European benchmarks declining while Asian markets found some optimism from rising technology stocks. The U.S. stock market is expected to drift lower, influenced by ongoing legal challenges regarding a major merger and upcoming economic indicators, including a jobs report and Federal Reserve minutes. In energy trading, crude oil prices saw slight declines, while the U.S. dollar strengthened against the yen.
Asian shares mostly rose, buoyed by a Wall Street rally led by Nvidia, with Japan's Nikkei 225 up 2.4%. U.S. Steel surged 8.1% after filing a lawsuit against President Biden's merger block, while investors await potential policy shifts under President Trump. The S&P 500 gained 0.6%, and the Federal Reserve's upcoming minutes and jobs report are anticipated to impact markets.
Ethereum is experiencing a resurgence, currently priced at $3,647 with a 6.9% weekly gain, potentially breaking key resistance levels. Meanwhile, Jeju Island in South Korea plans to launch NFT tourist cards in 2025, offering travel benefits and enhancing crypto adoption among the youth. Flockerz ($FLOCK), a unique meme coin with a Vote-to-Earn mechanism, has raised $8.9M in presale, attracting significant investor interest and highlighting the demand for innovative utility in the crypto space.
Bithumb, South Korea's second-largest crypto exchange, is set to launch a Filecoin (FIL) trading pair against the Korean won (KRW) on January 6, 2025, at 4:00 PM local time. This addition aims to enhance liquidity and meet the growing demand for decentralized storage solutions. The Filecoin ecosystem is also experiencing significant advancements, including the Fast Finality upgrade, which improves network efficiency and scalability, attracting increased interest from traders.
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do kwon faces trial as over one million victims emerge worldwide
16:00 07.01.2025
XRP Surpasses Ethereum as South Korea's Most Preferred Cryptocurrency
14:48 07.01.2025
Ripple surpasses Ethereum in popularity among South Korean investors
11:54 07.01.2025
healthy foods market poised for significant growth driven by consumer demand
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09:18 07.01.2025
asian shares rise as wall street rallies led by nvidia
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03:37 07.01.2025
Asian shares rise as Nvidia leads Wall Street rally amid market optimism
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03:36 07.01.2025
global shares mixed as european markets decline amid rising technology stocks
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03:36 07.01.2025
asian shares rise as technology stocks lead wall street rally
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U. S. Steel Canada Inc. Retirement Plan for CAW Local 523 Employees of the Former Stelpipe Ltd.
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03:36 07.01.2025
Ethereum gains momentum as Jeju Island launches innovative NFT tourist cards
12:15 06.01.2025
Bithumb launches Filecoin trading pair with Korean won enhancing market access
11:00 06.01.2025
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