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World Liberty Financial, backed by Donald Trump's family, has swapped approximately $10 million worth of Coinbase's wrapped bitcoin (cbBTC) for WBTC, a rival token used in decentralized finance. This move follows Coinbase's decision to delist WBTC, leading to a lawsuit from BiT Global, a custodian involved with WBTC. Justin Sun, founder of the Tron blockchain and a recent adviser to World Liberty Financial, has been linked to the controversy surrounding WBTC, although he denies any wrongdoing.
Dogecoin (DOGE) has surged nearly 150% since early November, fueled by optimism surrounding pro-crypto policies under Donald Trump. Analysts predict a potential rally could see DOGE reach $4.20 in 2025, driven by its strong market indicators and increasing acceptance as a payment method. With endorsements from figures like Elon Musk and a favorable regulatory environment, the meme coin is positioned for significant growth.
Dogecoin has seen renewed investor interest following a significant price surge of 220% after Donald Trump's election victory, with analysts predicting a potential breakout from a descending channel. Despite a recent drop in sentiment and price, forecasts suggest Dogecoin could reach $1.2 or even $3 if bullish momentum continues. Key technical indicators, including an ascending triangle pattern, support expectations of a significant price rally ahead.
Federal Reserve Chair Jerome Powell has stated that the Fed will not stockpile bitcoin, emphasizing that this issue is for Congress to address. The proposal for a U.S. Strategic Bitcoin Reserve, suggested by Trump, faces significant legal and regulatory hurdles, including potential Congressional approval and funding concerns. While Trump plans to appoint pro-crypto leaders, the Fed remains focused on monitoring the impact of cryptocurrencies on the banking system.
The global economy in 2025 is marked by diverging trends, with the US showing resilience and growth, while Europe faces stagnation and uncertainty, particularly in the industrial sector. Switzerland's economy is expected to grow moderately at 1.3%, driven by a strong chemical and pharmaceutical industry, despite challenges from a strong franc and weak industrial demand. Political instability and delayed reforms in Europe hinder recovery, raising risks of a downward spiral in industry.
Market participants anticipate minimal surprises from the central bank, expecting rates to remain steady while hinting at gradual hikes in 2025. The Fed's recent 25 basis point cut has shifted projections, now favoring two cuts in 2025 and two in 2026, amid rising inflation and growth forecasts.The hawkish tone from the FOMC meeting led to a sell-off on Wall Street, with Treasury yields surging and the US dollar reaching its highest level since November 2022. Asian markets followed suit, with the Nikkei 225 testing key support levels as traders await the Bank of Japan's upcoming meeting.
Cathie Wood, founder of ARK Invest, predicts Bitcoin could reach $1.5 million by 2030, highlighting its potential to rival gold's $15 trillion market cap. With a current valuation of $2 trillion, she emphasizes Bitcoin's resilience, decentralized nature, and growing institutional adoption as key factors driving this forecast. As institutional momentum strengthens, Wood's vision reflects a broader belief in Bitcoin's transformative role in global finance.
Federal Reserve Chair Jerome Powell has firmly stated that the Fed cannot hold bitcoin due to legal restrictions outlined in the Federal Reserve Act, which limits its assets to U.S. government bonds. He reiterated his cautious stance on cryptocurrencies, labeling them as speculative and volatile, while distinguishing them from central bank digital currencies (CBDCs). Meanwhile, President-elect Donald Trump has proposed establishing a national bitcoin reserve, aiming to enhance the U.S.'s position in the cryptocurrency market, which has led to a surge in bitcoin's value.
World Liberty Financial (WLFI) has partnered with Ethena Labs, a synthetic dollar protocol backed by BitMEX founder Arthur Hayes. This collaboration aims to integrate Ethena Staked USDe (sUSDe) as a core collateral asset in WLFI’s upcoming Aave instance, enhancing stablecoin liquidity and providing users with additional rewards. The proposal is subject to Ethena’s governance process before implementation.
UBS forecasts gold prices will reach $2,900 per ounce by the end of 2025, driven by rising central bank and investor demand, lower interest rates, and a weaker U.S. dollar. Despite a recent decline, gold remains 28% higher year-to-date, with expectations of continued strong buying momentum amid geopolitical uncertainties. The firm anticipates central banks will purchase over 900 metric tons of gold in 2025, supporting a bullish outlook for the metal.
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