{
}
The Federal Reserve has cut its benchmark interest rate by 25 basis points to a target range of 4.25%-4.5%, reflecting mixed economic signals. This decision comes as the crypto market faces declines, with Bitcoin down 4% and Ethereum and Solana experiencing larger losses.Economic projections indicate a GDP growth of 2.5% for 2024, with a slight rise in the unemployment rate to 4.3% by 2025. Analysts are cautious about future rate cuts, anticipating only two reductions in 2025, while uncertainty surrounding President-elect Donald Trump's policies adds to market volatility.
Bitwise CIO Matt Hougan predicts Bitcoin could soar beyond $200,000 if the US government establishes a Bitcoin strategic reserve, potentially leading other nations to follow suit. He notes that increasing demand from ETFs, public companies, and governments could drive prices significantly higher, with expectations of Bitcoin exceeding $200,000 by this time next year. Currently, Bitcoin is trading at $104,532, reflecting a 2.5% decline in the last 24 hours.
Bitwise has launched a Solana Staking ETP on the Deutsche Börse AG, catering to European investors seeking higher returns through staking, which rewards users for locking up their SOL tokens. As the asset approaches an all-time high, Bitwise has also filed for a Solana ETF in the U.S., amid growing optimism for regulatory changes following the upcoming political shifts. However, staking remains contentious in the U.S. due to ongoing SEC scrutiny.
Ohio State Representative Derek Merrin has introduced the Ohio Bitcoin Reserve Act, aiming to allow the state treasurer to invest surplus funds in Bitcoin to hedge against dollar devaluation. This initiative reflects a growing trend, with similar proposals emerging in Texas and Pennsylvania. Bitcoin's value has surged significantly this year, trading at $104,500, as lawmakers seek to strengthen state investment portfolios.
A stopgap funding bill unveiled in Congress includes the "Deploying American Blockchains Act," which aims to bolster U.S. leadership in blockchain technology and establish a National Blockchain Deployment Advisory Committee. This initiative, supported by bipartisan negotiations, seeks to explore blockchain's potential benefits for federal agencies and national security. Meanwhile, President-elect Donald Trump has appointed Cantor Fitzgerald CEO Howard Lutnick as Commerce Secretary, positioning him to promote crypto-related technologies in the U.S.
Arthur Hayes, co-founder of BitMEX, warns that the bullish crypto market following Donald Trump's election victory may face a significant downturn around his inauguration on January 20th. He predicts a "harrowing dump" as investors realize that substantial policy changes may take time, leading to a sell-off in crypto assets. Despite this, Hayes remains optimistic about potential market recovery after the inauguration.
Bitcoin has pulled back to $104,679 after reaching an all-time high of over $108,000, with analysts divided on future trends. While some predict a potential rise to $145,000 by mid-2025 due to institutional demand, others warn of a possible market dump post-Trump's inauguration in January 2025. Ethereum and XRP face resistance at $4,094 and $2.91, respectively, while Solana struggles to maintain support at $210.
World Liberty Financial (WLFI) is integrating the sUSDe stablecoin into its DeFi ecosystem through a partnership with Ethena, proposing dual rewards in sUSDe and WLFI's WLF tokens to enhance liquidity. WLFI has invested $500,000 in Ethena and $250,000 in Ondo, expanding its digital asset portfolio to $83 million, with ETH as the largest holding at $57 million. The initiative aims to position WLFI's Aave v3 instance as a competitive DeFi destination, coinciding with a broader strategy to strengthen its presence in the digital asset sector.
President-elect Donald Trump met with Crypto.com CEO Kris Marszalek at Mar-a-Lago, where they discussed a federal bitcoin stockpile and a crypto-friendly regulatory framework. Following the meeting, Crypto.com dropped its lawsuit against the SEC, signaling optimism about Trump's regulatory approach. Trump has pledged to implement regulations crafted by industry supporters and plans to replace SEC Chair Gary Gensler with former Commissioner Paul Atkins.
XRP is poised for significant growth, driven by six key factors, including the recent approval of Ripple's stablecoin RLUSD and a surge in daily transactions on the XRP Ledger. Following Donald Trump's re-election and the anticipated departure of SEC Chairman Gary Gensler, analysts predict XRP could reach unprecedented heights, potentially hitting $5 by February 2025. The asset has reclaimed its position as the third largest cryptocurrency by market cap, currently trading at $2.5, just below its yearly high.
Donald Trump
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
federal reserve cuts rates as crypto market faces significant losses
20:13 18.12.2024
Bitcoin price could soar past 200000 if US government buys reserves
20:05 18.12.2024
bitwise launches solana staking product in germany amid us etf optimism
United States Dollar
Euro
Bitwise Bitcoin ETF
VanEck Vietnam ETF
Deutsche Börse AG
21Shares XRP ETP
USA
DEU
Donald Trump
Gary Gensler
Show more
19:49 18.12.2024
Ohio proposes state-backed Bitcoin reserve to combat dollar devaluation
19:47 18.12.2024
Congress includes crypto initiatives in stopgap funding bill to avert shutdown
SpaceXCoin USD
Cantor Fitzgerald Income Trust, Inc. Class I
USA
Donald Trump
Joe Biden
Cynthia Lummis
Elon Musk
Larry Bucshon
Howard Lutnick
Show more
19:09 18.12.2024
crypto market may face downturn after trumps inauguration warns expert
United States Dollar
BitMEX Token USD
USA
Donald Trump
Paul Atkins
Gary Gensler
Arthur Hayes
Show more
18:38 18.12.2024
cryptocurrency market analysis bitcoin and altcoins face potential consolidation
18:25 18.12.2024
World Liberty Financial integrates sUSDe stablecoin in DeFi expansion strategy
United States Dollar
BlackRock, Inc.
World Liberty Financial (wlfi.club) USD
Ethena USD
USA
Donald Trump
Justin Sun
Show more
17:55 18.12.2024
crypto.com ceo meets trump drops sec lawsuit ahead of inauguration
United States Dollar
Crypto.com Staked ETH USD
World Liberty Financial (wlfi.club) USD
USA
Donald Trump
Paul Atkins
Kris Marszalek
Gary Gensler
Show more
17:27 18.12.2024
XRP poised for significant growth amid key market developments and catalysts
17:21 18.12.2024
Trending
Subcategory
Corporate News
Industry Trends
Global Trade Developments
Stock Market Updates
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Inflation and Monetary Impact
Supply Chain Management
Cryptocurrency Trends
Government Economic Policies
Workplace Trends
Private Equity Deals
CEO Changes
Central Bank Actions
Central Banks and Digital Currencies
Venture Capital Investments
Retail and Consumer Goods
Fintech Startups
Finance Mergers & Acquisitions
Crypto Policies and Governance
Countries:
Companies:
Apple Inc.
Foxconn Technology Co., Ltd.
NVIDIA Corporation
Nasdaq 100 Jun 25
Tencent Holdings Ltd
Google Inc.
Nikkei 225
Grab2Go AS
Boeing Co
Airbus SE
Amazon.com, Inc.
Oracle AI USD
AppLovin Corp.
Tesmec S.p.A.
DeepSeek R1 USD
LG Electronics Inc.
Tesla, Inc.
MARA Holdings, Inc.
Cleanspark Inc
Citigroup Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
New Taiwan Dollar
Indonesian Rupiah
Egyptian Pound
Hong Kong Dollar
Malaysian Ringgit
Filipino Peso
West African CFA Franc
South Korean Won
Saudi Riyal
Thai Baht
United Arab Emirates Dirham
People: