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Ethena has surged past key resistance levels, currently trading around $1.15, indicating potential long-term growth. Analyst Alan Santana highlights the importance of closing above $1.11 to confirm the bullish trend, despite a recent 13.85% correction. The launch of USDtb, a stablecoin by Ethena Labs, further enhances its scalability and liquidity across multiple blockchains.
Markets will operate on shortened hours during the Christmas holiday week, closing early on Christmas Eve and remaining closed on Christmas Day. Key economic reports include consumer confidence, new home sales, and initial jobless claims, while Anavex Life Sciences will report earnings on Monday. Investors will also monitor durable goods orders and inventory levels throughout the week.
Nestlé S.A. is evaluated among the top cookies and crackers stocks as the global market, valued at $100.2 billion in 2023, is projected to grow to $122.45 billion by 2030, driven by North America and rapid expansion in Asia Pacific. Despite economic pressures, snacking remains a resilient category, with consumers maintaining spending habits. Meanwhile, Mondelēz International's potential acquisition of Hershey could reshape the confectionery landscape, competing with Mars' upcoming merger with Kellanova.
The reelection of Donald Trump in 2024 has sparked discussions about establishing a strategic Bitcoin reserve in the U.S. CryptoQuant CEO Ki Young Ju suggests that acquiring 1 million BTC by 2050 could reduce domestic debt by 36%. While challenges exist, this move could enhance Bitcoin's legitimacy as a national asset.
Solana's (SOL) long-term buy zone has been activated, indicating potential growth opportunities following a recent correction. Analyst Alan Santana highlights that despite a 9.3% drop in the last 24 hours, the current market conditions may present strategic investment chances, with institutional interest rising in Europe through new financial products like the Solana Staking ETP.
Colombian investors can now trade shares of the IBIT Bitcoin ETF, issued by BlackRock, in pesos, marking a significant development in the country's financial markets. This ETF, managing over 500,000 BTC and valued at $50 billion, offers regulated access to Bitcoin, facilitating portfolio diversification while lowering barriers for new participants in the crypto sector. Currently, IBIT shares are trading at an average price of 242,960 pesos, approximately 55 US dollars, reflecting its valuation in global markets.
Interpol has issued a "Red Notice" for Hex founder Richard Schueler, also known as Richard Heart, for alleged tax fraud and assault, with Finnish authorities seeking his arrest. The allegations include a physical assault on a minor and tax evasion from June 2020 to April 2024. Schueler is also embroiled in a $1 billion lawsuit with the SEC over unregistered crypto token offerings.
The potential U.S. government shutdown could impact the SEC's ongoing case against Ripple, with a January deadline looming. Legal analysts suggest that a delay might lead to a resolution, potentially boosting XRP's price, as recent whale activity indicates growing interest in the cryptocurrency. Technical analysis highlights key price levels, with a bullish target of $5.85 if momentum continues.
The Straits Times Index (STI) fell 2.43% this week, closing at 3,719.93 amid global economic concerns. CapitaLand Investment announced a S$162 million sale of its stapled securities and plans to acquire Wingate Group's investment management business for A$200 million. Jardine Matheson Holdings saw a significant decline of over 7%, while the U.S. markets continued their downward trend despite a late-week rally.
MicroStrategy's Michael Saylor advocates for Bitcoin as a corporate treasury asset, despite criticism labeling the company's model a "giant scam." Major firms like Marathon Digital, Tesla, and Coinbase hold significant Bitcoin reserves, while others, including Amazon and Genius Group, explore adopting similar strategies to enhance shareholder value amid economic uncertainties.
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