{ }
Ethereum NFT collections surged last week, driving total digital collectible sales to $304 million, with Ethereum accounting for 66% of this volume. The Pudgy Penguins collection led with $54.4 million, while overall December sales reached $678 million, surpassing previous monthly records. Despite this success, the Pudgy Penguins crypto token saw a significant decline, dropping over 50% shortly after its launch.
In 2024, a surge in leveraged single-stock ETFs has attracted over $20 billion as traders seek to amplify returns on popular stocks like Nvidia. While these investment vehicles offer the potential for significant gains, they also carry high risks, with volatility and options decay making them unsuitable for long-term holding. Despite their inherent dangers, the trend continues to grow, with investors eager to identify the next big name in the trading crowd.
Santa Trump (XMASTRUMP), a new meme coin inspired by Donald Trump, has surged 10,000% since its launch and aims for a potential listing on Binance. With a low market cap and strong community backing, it could see significant gains during the Christmas rally, possibly reaching $1. Traders are optimistic about its future, especially with Trump's rumored involvement and the upcoming holiday season.
The U.S. Securities and Exchange Commission (SEC) has approved the first dual Bitcoin-Ethereum exchange-traded funds (ETFs), allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, expected to launch early next year. These funds will hold approximately 80% Bitcoin and 20% Ethereum, enhancing market integrity through surveillance-sharing agreements. This approval signals a more receptive environment for innovative crypto products, potentially paving the way for additional multi-asset ETFs in the future.
Bitwise has launched the Solana Staking ETP in Germany, offering an annual percentage return of 6.48%, surpassing competitors like 21Shares. While U.S. regulatory challenges persist, optimism for future spot ETF approvals is growing, with expectations of a favorable outcome by the end of 2025. European investors are currently benefiting from innovative Solana-based products as the market evolves.
Donald Trump has threatened to impose tariffs on Europe unless it increases purchases of U.S. gas and oil, with potential duties estimated at 10%. UBS predicts a GDP impact on the EU between 0.28% and 0.48%, while the London School of Economics suggests a more modest reduction of 0.11%. The trade tensions could also negatively affect the U.S. economy, highlighting the interconnected nature of global markets.
24+
The US Ethereum spot ETF experienced a significant outflow of $75.1 million, marking the second consecutive day of net withdrawals. BlackRock's ETHA led the trend with $103.7 million withdrawn, while Fidelity's FETH saw a $13 million inflow, and Grayscale's ETHE and ETH recorded inflows of $7.5 million and $8.1 million, respectively.
Concerns about a potential stock market crash in 2025 are growing, with bearish predictions circulating amid economic uncertainties. While extreme downturns are inevitable, timing them is challenging, and investors are advised to prepare by building cash reserves to capitalize on future buying opportunities. Historical examples show that reacting to predictions can lead to missed gains, emphasizing the unpredictable nature of the market.
Ripple's XRP has rebounded approximately 20% from a low of $1.96 after a significant market crash, reaching around $2.35. Following the announcement of its stablecoin launch, XRP initially surged to over $2.7 before a sharp decline, prompting speculation about whether it has found its bottom. Analysts suggest that recent price movements indicate potential for further gains, despite broader market concerns.
World Liberty Financial (WLFI) has invested $2.5 million USDC in Ethereum through Cow Protocol, reinforcing its commitment to the DeFi sector. This investment is part of a broader strategy that includes a $45 million portfolio across various assets and the introduction of a tailored Aave v3 protocol, enhancing liquidity and user rewards. Notable figures like Justin Sun have also backed WLFI, which has raised over $72 million towards its $300 million goal.
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.