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Ripple's XRP price rebounded to $2.53 after recent volatility, with analysts predicting further growth due to Donald Trump's inauguration and changes in SEC leadership. Meanwhile, Shiba Inu's TREAT token launched, with major exchanges offering airdrops to boost user engagement. Bitcoin recovered from a dip below $90,000, currently trading near $95,000, as industry leaders forecast strong momentum for 2025.
China's economy shows signs of recovery, particularly in retail and property sales, aided by government stimulus and local spending. However, challenges remain, including potential tariffs and currency pressures, which could impact exports and domestic investment. The upcoming National People's Congress is expected to outline further policy support to stabilize growth.
The Biden administration has implemented stringent export restrictions on AI chips and technologies, aiming to safeguard U.S. national security and maintain technological dominance ahead of Donald Trump's inauguration. The new rules limit advanced GPU exports to non-allied nations and introduce licensing requirements for over 120 countries, while exempting allies like the UK and Japan. Critics, including Nvidia, argue that these measures could stifle innovation and competitiveness in the tech sector.
Chinese officials are reportedly considering Elon Musk as a potential buyer for TikTok's US operations if a ban is enforced. While TikTok's parent company, ByteDance, is fighting the ban legally, the US Supreme Court may uphold a law requiring the sale or shutdown of its US operations by January 19. Concerns over user data access and surveillance have fueled bipartisan efforts to restrict the app, valued at $40 to $50 billion.
The cryptocurrency market is experiencing a significant downturn, with major altcoins like Solana and Dogecoin facing substantial losses. Amid this bearish sentiment, PropiChain (PCHAIN) emerges as a promising investment opportunity, targeting a potential 30,000% growth by revolutionizing the $634 trillion real estate market through AI and blockchain technology. With over $2.2 million raised in its presale, PropiChain aims to streamline property transactions and eliminate inefficiencies, drawing investor interest as it prepares for a transformative impact in 2025.
Intesa Sanpaolo, Italy's largest banking group, has made headlines by purchasing 11 Bitcoins for approximately $1 million, marking a significant step in the country's crypto landscape. This investment follows a leaked internal email and comes amid a government announcement to increase the capital gains tax on cryptocurrencies from 26% to 42%. The bank's move reflects growing institutional interest in digital assets, as it continues to explore blockchain opportunities and expand its trading division to include cryptocurrency spot trading.
China's stock market faces turmoil as retail investors, disillusioned by half-hearted government policies and U.S. trade uncertainties, rapidly sell off shares, leading to the weakest start to the year in a decade. With retail money accounting for 70% of trading, further selling could trigger a disorderly retreat, jeopardizing economic recovery efforts. Investors are now in a waiting game, anticipating more decisive policy changes amid ongoing volatility.
Global markets are reacting to a surge in U.S. Treasury yields, with Japan's Nikkei dropping 1.5% and Asian stocks mixed. HCL Technologies shares fell over 8% after disappointing Q3 results, while Bharat Electronics secured a Rs 561 crore order. The Nifty Next 50 index has entered bear territory, down over 20% from its peak.
The US Court of Appeals for the Third Circuit has ordered the SEC to clarify its denial of Coinbase's petition regarding cryptocurrency regulations, deeming the SEC's previous response as arbitrary and insufficiently reasoned. While this ruling is seen as a significant victory for the crypto industry, the court did not compel the SEC to initiate new rulemaking at this time. Additionally, reports indicate that the Trump transition team is collaborating with crypto leaders on legislative strategies to address issues affecting the industry.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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08:58 14.01.2025
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