{ }
The European Union's upcoming MiCA regulations, effective December 30, 2024, will ban USDT, the leading stablecoin, from regulated platforms, raising concerns about liquidity and market competitiveness. This strict approach contrasts with more permissive strategies in regions like the U.S., potentially driving talent and investment away from Europe. The challenge lies in balancing regulation with innovation to maintain a robust digital economy.
The cryptocurrency market experienced explosive growth in 2024, with Bitcoin's dominance rising to 59% following the approval of spot exchange-traded funds in the U.S. The meme coin market surged over 400%, particularly on the Solana network, while decentralized finance (DeFi) regained momentum, reaching its highest market cap since early 2022. Overall, the total cryptocurrency market capitalization has exceeded $3.49 trillion, marking a 105% increase year-to-date.
Bitcoin exchange-traded funds (ETFs) experienced their largest net outflows since launch, totaling $671.9 million on December 19th, coinciding with a price drop below $100,000. Fidelity’s FBTC led the outflows with $208.5 million, while BlackRock’s IBIT remained stable. This marked the end of a 15-day inflow streak for Bitcoin ETFs and an 18-day streak for Ethereum ETFs.
The FDIC reports a rise in the number of US banks on its "Problem Bank List" to 68, reflecting ongoing financial challenges. Despite a temporary decrease in unrealized losses to $364 billion, the chair warns that rising long-term interest rates could exacerbate these losses, with significant risks from inflation and market volatility persisting.
Google leads a watch list of five stocks near buy points amid market volatility, including CyberArk, Doximity, Sea Ltd., and ACV Auctions. The market reacted to a calming inflation report, but concerns over the Federal Reserve's interest-rate outlook and political developments remain. Analysts see potential benefits for these stocks, particularly Google, if TikTok faces a ban.
Bitstamp forecasts that XRP could achieve a historic milestone by 2025, with price projections ranging from $5 to $20, potentially surpassing its 2018 all-time high of $3.84. This optimism coincides with the conclusion of Ripple's legal battles and growing adoption, as evidenced by over 720,000 new addresses created in 2024. Despite some analysts cautioning against unrealistic expectations, XRP's market cap has surpassed $132.6 billion, solidifying its position in the crypto landscape.
As the crypto market faces a sell-off, Ripple (XRP) has seen a 29% drop from its recent high of $2.90, with uncertainty surrounding its SEC case impacting its momentum. In contrast, DTX Exchange, a new DeFi platform, has gained traction, achieving a $10 million presale and surpassing 300,000 wallets, positioning it as a promising investment opportunity.
Metallicus has acquired Bonifii, a fintech service operator linked to over 70 credit unions, to enhance blockchain solutions in the credit union sector. This partnership will establish a new Credit Union Service Organization (CUSO) focused on delivering blockchain-enabled tools, expanding offerings in identity management, payments, and fraud prevention. Bonifii's CEO, John Ainsworth, will join Metallicus to lead the integration of Metal Blockchain into credit union services, providing members with access to digital asset services and seamless banking experiences.
U.S. stock markets experienced a bearish trend in the pre-holiday week, with the S&P 500 suffering its worst performance in over a month, dropping 2.3%. The decline was influenced by remarks from Fed chair Jerome Powell, impacting major indices across the board.
Solana (SOL) has seen its price plummet from $263 to $183 amid a market downturn triggered by the Federal Reserve's cautious outlook and interest rate cuts. Despite this decline, technical indicators suggest a potential rebound, with signs of upward momentum and a bullish MACD crossover. Investors are closely monitoring whether SOL can regain its footing above the critical $200 support level as market conditions evolve.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.