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The "Hawk Tuah Girl" meme coin, $HAWK, has plunged 91% from its peak market cap of $490 million, now valued at $41.7 million, leading to a legal battle in New York. Investors allege violations of federal securities laws, claiming the token is an unregistered security and that developers engaged in insider trading. The lawsuit highlights the risks associated with meme coins, which often rely on viral popularity and community engagement for initial success.
UBS played a pivotal role in the controversial write-off of $17 billion in Credit Suisse's AT1 bonds during its takeover negotiations, a move that significantly benefited UBS financially. Despite claims of ignorance from UBS Chairman Colm Kelleher, investigations reveal that UBS initiated the discussion on the bond wipe-out, which was crucial for the merger's success. This decision has led to global lawsuits from investors and potential financial repercussions for Swiss taxpayers.
Ethereum spot ETFs experienced a net outflow of $75.1159 million on December 20, with a net asset ratio of 2.93%. Grayscale's Ethereum Trust ETF saw a net inflow of $7.5055 million, while Fidelity's ETF FETH led with $12.9513 million in inflows. The total net asset value of Ethereum spot ETFs stands at $12.155 billion, with cumulative inflows reaching $2.328 billion.
Bitcoin has faced a 13% dip, dropping to $92,149 after reaching a record high of over $108,000, influenced by hawkish signals from the US Federal Reserve and a historic $680 million outflow from Bitcoin ETFs. Analysts suggest that while caution is warranted, historical patterns indicate a potential rebound, reminiscent of past market recoveries.
Ethereum struggles to maintain the $4,000 level, with analysts suggesting it may consolidate between $3,000 and $4,000. A potential dip below $3,000 could form a bottom for an inverse head-and-shoulders pattern, while optimism grows around spot Ether ETF inflows, which have reached $2.43 billion since July. Analysts predict Ether's price could hit $6,000 by late 2025, despite initial weak inflows compared to Bitcoin ETFs.
World Liberty Finance has made a significant move by purchasing $2.5 million in Ethereum, acquiring 722.213 ETH and raising its total holdings to 15,595 ETH, valued at approximately $53.61 million. This strategic investment reflects the project's growing focus on Ethereum amid increasing institutional interest and the anticipated regulatory clarity under Donald Trump's leadership in 2025. As the cryptocurrency market remains volatile, this acquisition may bolster Ethereum's adoption and long-term value.
Kühne + Nagel has faced significant losses in the Swiss market in 2024, making it the worst performer among leading companies. In contrast, Danish competitor DSV is gaining investor favor, particularly as the logistics sector anticipates changes in global trade following Donald Trump's election and potential import tariffs.
US Senator Cynthia Lummis has proposed granting the Federal Reserve the authority to hold Bitcoin as part of the nation's official reserves, aiming to enhance financial stability and counteract national debt. She suggests purchasing 1 million BTC over five years, establishing a Strategic Bitcoin Reserve, despite current legal restrictions. Lummis argues that Bitcoin's long-term growth potential makes it a valuable asset compared to the declining value of the US dollar.
XRP is currently consolidating after breaking key resistance levels, but analysts warn of a potential price crash as the RSI approaches oversold territory. Despite this, the broader outlook remains bullish, with predictions of a price target above $3 following a correction. A recent 3-month chart indicates strong buying pressure and a bullish reversal pattern, suggesting significant growth potential in the coming months.
Donald Trump’s recent appointment of David Sacks as the “AI and crypto czar” signals a shift towards less regulation and increased innovation in technology and cryptocurrency. This move, influenced by tech leaders like Elon Musk, aims to provide clarity for the crypto industry and foster advancements across various tech sectors. Observers anticipate a more crypto-friendly environment in Trump’s second term, potentially revitalizing venture capital investments.
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