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Two California men, Gabriel Hay and Gavin Mayo, have been arrested and charged with defrauding investors of over $22 million through a series of NFT projects, including Vault of Gems and Faceless. The duo allegedly made false statements about their projects and threatened individuals who tried to expose their fraudulent activities. The Justice Department is committed to combating digital asset fraud and has identified multiple projects involved in the scheme.
Whales have shown strong conviction in Chainlink (LINK) amid a recent price dip, accumulating over $44 million worth of the token as its price briefly fell to $20.1 before recovering to over $23. Wallets holding between 10 million and 100 million LINK coins increased their holdings significantly, while nine new wallets withdrew 362,380 LINK tokens from Binance, indicating bullish sentiment among large investors. Chainlink is also leading the real-world assets sector in development activity, partnering with major companies like Coinbase and SWIFT, and is projected to see a price increase of over 53% by January 2025.
UBS economists predict the Federal Reserve will implement its next interest rate cut of 25 basis points in June, followed by another in September, totaling 50 basis points for 2025. This follows a recent cut that brought the target range to 4.25%-4.5%. The Fed's updated outlook indicates a more cautious approach, with potential adjustments extending through 2027, while the U.S. dollar is expected to remain strong amid political factors, despite signs of overvaluation.
UBS economists predict the Federal Reserve will implement a 25 basis point interest rate cut in June, followed by another in September, adjusting their forecast in light of a more hawkish dot plot. The Fed's recent cuts total 100 basis points since September, with a cautious outlook for future reductions amid stronger-than-expected economic growth and persistent inflation. The U.S. dollar has rallied, driven by political factors and interest rate movements, although UBS warns of potential overvaluation and limits to further strength.
Hermès shares have shown a bullish trend, recovering over 15% since late November, reaching €2,300, close to their March record of €2,432. The stock's positive momentum is supported by favorable technical signals, although the global economic outlook and potential US trade policies remain critical factors influencing performance. Investors are advised to consider buying above €2,220, targeting €2,400 and €2,500, with a stop at €2,200.
UBS has increased its price target for Broadcom from $220 to $270, maintaining a "Buy" rating following the company's quarterly results. Analyst Timothy Arcuri highlighted significant revenue growth projections in the artificial intelligence sector for the fiscal years 2026 and 2027.
Deshawn “DJ” Chow, a 19-year-old with sickle cell disease, received Casgevy, the first approved CRISPR-based treatment, after a year of waiting. Despite its promise, the rollout has been slow due to manufacturing complexities and insurance hurdles, with only a few patients treated since its December 2023 approval. Chow hopes the therapy will alleviate his pain and allow him to pursue activities like snowboarding, reflecting a cautious optimism for the future of sickle cell treatments.
Michael Saylor has proposed a Digital Assets Framework for the U.S., advocating for a Bitcoin reserve that could generate $16 trillion to $81 trillion for the Treasury and address national debt. The framework aims to expand global digital capital markets significantly, enhance the U.S. dollar's standing, and promote economic growth through a well-defined digital asset policy. It identifies six categories of digital assets and suggests streamlined compliance processes to foster innovation while ensuring transparency and ethical standards.
Metaplanet has expanded its Bitcoin holdings by acquiring 619.70 BTC for 9.5 billion yen ($60.7 million), bringing its total to 1,761.98 BTC valued at $169.2 million. Despite a slight dip in stock value, the firm reported a remarkable 309.82% yield in its Bitcoin strategy and anticipates a 240% revenue increase for 2024. CEO Simon Gerovich highlighted December 26 as the final date for investors to qualify for the company's Shareholder Benefits Program, which includes a Bitcoin lottery for shareholders.
Charles Hoskinson, founder of Cardano, aims to facilitate a pro-crypto regulatory environment in the U.S. under President-elect Trump. He plans to engage with international crypto experts and U.S. lawmakers to learn from global best practices, emphasizing the need for the U.S. to adapt or risk falling behind in the burgeoning $10 trillion to $20 trillion crypto industry. Hoskinson believes that with the right leadership, the U.S. can become the premier destination for cryptocurrency and blockchain businesses.
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california duo faces fraud charges in 22 million dollar nft scheme
12:57 23.12.2024
whales increase chainlink holdings amid price dip signaling bullish sentiment
12:57 23.12.2024
ubs forecasts federal reserve rate cuts in june and september
12:56 23.12.2024
ubs forecasts federal reserve rate cuts in june and september
12:56 23.12.2024
hermes shares show signs of recovery amid economic challenges
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UBS raises Broadcom price target to 270 dollars citing strong AI growth
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new crispr treatment for sickle cell disease faces slow rollout challenges
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hoskinson aims to shape us crypto regulation under trump administration
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12:19 23.12.2024
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