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The European Union's new crypto regulations, effective December 30, will require exchanges to delist Tether's USDT, raising concerns about liquidity disruptions in the market. As traders shift to fiat pairs, the move could inflate costs and fragment trading activities. Meanwhile, Tether is enhancing security measures to combat financial crime, even as crypto ownership in the eurozone surges amid declining venture capital investment in the sector.
Dogecoin has experienced a significant decline, dropping 23% this week to a current price of $0.31, following a peak of $0.48 in December. Other cryptocurrencies, including Bitcoin and XRP, have also faced losses, with Bitcoin down over 7% and XRP falling 9%. Despite the downturn, Dogecoin remains up 233% year-over-year, but its volatility is evident as rival meme coins like Dogwifhat and Shiba Inu have seen even steeper declines.
XRP whales are strategically accumulating over 80 million XRP amid market volatility, suggesting a potential price rebound. The launch of Ripple's stablecoin RLUSD could further enhance XRP's role in international payments, increasing liquidity and attracting financial institutions. Despite a recent 4% price rise to $2.36, caution remains as XRP futures open positions have dropped by 30%.
Monero is poised to reclaim its previous high above $500, while Chainlink faces volatility after an 18% drop, despite significant purchases linked to Donald Trump's DeFi platform. Rollblock is gaining traction with predictions of a 50x return in 2025, bolstered by its innovative GambleFi offerings and strong community support. Meanwhile, Sui and Ondo are navigating market challenges but remain bullish with institutional backing and upcoming events.
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.
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.
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.
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.
MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with Jane Dietze and Gregg Winiarski, to its board of directors, expanding the board to nine members. This announcement follows MicroStrategy's inclusion in the Nasdaq-100 Index, effective December 23. Brooks, who previously served as acting Comptroller of the Currency, is noted for his significant connections in the banking and crypto sectors.
XRP's recent drop to $2 may signal the end of its bearish second wave, according to analyst TradinSides, who anticipates an upcoming bullish third wave driven by factors such as Ripple's RLUSD launch, Donald Trump's pro-crypto stance, and potential SEC regulatory changes. Egrag Crypto's analysis highlights that a close above $1.99 could mark a historic moment for XRP, with predictions of more stable growth compared to previous cycles. Currently, XRP is trading at approximately $2.36, reflecting a 4% increase in the last 24 hours.
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