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Key policymakers and blockchain leaders gathered in Washington, D.C., for the Blockchain Association’s third annual Policy Summit on December 16-17, 2024. Discussions focused on regulating stablecoins and securities laws, emphasizing the need for balanced regulation to foster innovation while ensuring national security.President-elect Donald Trump addressed attendees via video, expressing support for blockchain technology's role in enhancing national security. Industry representatives showcased decentralized projects like CESS, Filecoin, and Helium, highlighting blockchain's potential to protect sensitive information and privacy.
As 2024 closes with the S&P 500 achieving a 25% return, investors are advised to consider defensive strategies amid potential market volatility. AbbVie, with a strong dividend yield and promising drug sales growth, and Pfizer, offering a high yield and new growth drivers, are highlighted as solid healthcare sector investments for uncertain times. Both companies are well-positioned for continued success as they enter 2025.
Ethereum's recent 12% decline to $3,38 has not deterred analysts, who project significant long-term growth potential, with price targets between $7,200 and $11,433. The Block Subsidy Model suggests a peak at $11,433, while the Mayer Multiple indicates a critical milestone at $7,200. Short-term challenges persist, with resistance at $3,555 and support levels at $3,252, $3,097, and $2,940.
Sol Strategies is set to acquire three Solana validators from Orangefin Ventures for USD $6.5 million, enhancing its staked SOL to over 1.5 million, valued at approximately CAD $406.8 million. This acquisition positions Sol Strategies as the 64th largest staking validator on the Solana network, aiming to solidify its leadership in blockchain infrastructure. Closing is anticipated in Q1 2025, pending regulatory approvals.
The US Federal Reserve's potential reduction of interest rate cuts in 2025 has led to a significant selloff in financial markets, causing Bitcoin to drop 17% and creating a record spot-perpetual price gap of -$59.14, indicating bearish sentiment among derivatives traders. Despite this, over $5.72 billion in realized profits were recorded during the market decline, suggesting that many Bitcoin holders benefited from previous price rallies. Currently, Bitcoin is valued at $97,182, with a trading volume down by 50.28%.
Anthony Sassano's question on whether Ethereum needs a Michael Saylor-like figure sparked a debate within the crypto community. While some see the potential benefits of a high-profile advocate to boost Ethereum's visibility and value, others express concerns about centralization and the unique dynamics of Ethereum's distribution. The discussion also highlights Ethereum's distinct characteristics compared to Bitcoin, particularly regarding its inflationary nature and governance principles.
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.
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.
Investors who avoided the stock market in 2024 faced significant losses, as evidenced by three hypothetical portfolios. While the S&P 500's forward P/E ratio reached 22.2, indicating potential corrections ahead, a balanced investment strategy is crucial. Investors should focus on valuations and consider a slower investment pace to capitalize on future market corrections.
Cardano's ADA token has shown significant growth potential, currently priced around $0.89, with projections suggesting that 1,000,000 tokens would be needed for millionaire status at a price of $1, while only 25,641 would be required if it reaches its all-time high of $39. The platform's methodical approach to development, highlighted by recent upgrades like the Hydra scaling mechanism and Voltaire DAO, positions it for real-world applications, including potential integration into federal voting systems. With a recent surge in Total Value Locked from $198 million to $695 million, Cardano remains a strong candidate for long-term success in the blockchain ecosystem.
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