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Ethereum (ETH) has faced a 16.48% decline over the past week, dropping to a low of $3,095 after failing to reclaim the $4,000 resistance. However, recent cooling in the funding rate and increased accumulation by large holders suggest a potential rebound towards $3,300, with optimistic futures market conditions indicating further price recovery could follow. If bullish momentum continues, ETH may aim for higher resistance levels around $3,700 and $3,900, although bearish pressures remain a concern.
North Korean hackers have escalated their cyber theft activities, stealing approximately $1.34 billion in 2024, a 102.88% increase from the previous year. This surge includes sophisticated attacks like the $50 million hack of Radiant Capital, where hackers posed as contractors to deliver malware. Experts warn that the collaboration between North Korea and Russia complicates global cyber threats, emphasizing the need for enhanced international cooperation in cryptocurrency tracking and security measures.
Chainlink is currently trading at $22.11, showing a 2.82% gain, while holding support around $21, which may lead to a rally towards the $32 resistance level. Recent whale activity saw 362,380 LINK tokens withdrawn from Binance, indicating bullish sentiment, alongside increased transaction volumes and active addresses. If LINK maintains its support, it could pave the way for a significant price uptrend, with some analysts projecting a target as high as $300.
Bitcoin struggles below $100,000, currently trading at $97,150, amid bearish sentiment and ETF-related market activity. Ethereum faces downside risks, dropping to $3,050 after significant sell-offs, while XRP tests critical support at $2.28, influenced by Ripple's legal developments. The broader crypto market remains volatile as traders assess these trends.
Solana's DeFi ecosystem faced a significant setback in December 2024, with Total Value Locked (TVL) plummeting by $1.1 billion to $8.01 billion, reflecting a 12% decline and a 7% drop in daily active addresses. Network revenue also fell by 24%, alongside a 28% decrease in the value of the SOL token, raising concerns about user engagement and market sustainability. Despite these challenges, analysts suggest that a shift in market sentiment and strategic efforts to restore user confidence could help Solana regain its competitive edge.
Market experts predict a rally and broad-based prosperity for stocks in 2025, despite existing risks. The potential return of Trump is expected to influence market dynamics significantly. Investors are advised to stay informed as these developments unfold.
Solana surged 204% in 2024, driven by decentralized exchange activity and the creation of over 3 million tokens, while Ethereum is poised for a potential breakout in 2025, with predictions of reaching $10,000 amid a favorable regulatory environment and increased staking opportunities. Retail trading has also surged, surpassing 2021 levels, as individual investors flock to cryptocurrencies and popular stocks. However, Ethereum faces challenges from rival blockchains and regulatory headwinds, which may impact its adoption and performance.
A strategic Bitcoin reserve could enable the US to pay off over a third of its national debt by 2050, according to VanEck's Matthew Sigel. He suggests that if the US Treasury acquires one million Bitcoin, valued at $42.4 trillion by 2049, it could significantly improve the nation's financial standing. Senator Cynthia Lummis supports this initiative, emphasizing the need to alleviate the debt burden on future generations.
Stock futures opened mixed as investors evaluated the Federal Reserve's interest rate trajectory for 2025. While Nasdaq futures rose 0.3%, Dow futures fell 0.3%, reflecting a volatile week where major averages were down about 2%. The Fed's recent signals indicate a cautious approach to rate cuts, with inflation data showing some cooling but still requiring attention. Markets will have a brief pause this week, closing early on Tuesday ahead of the Christmas holiday.
VanEck proposes that the U.S. could reduce its national debt by $42 trillion by adopting Bitcoin as a strategic reserve asset, potentially offsetting 35% of liabilities by 2049. The plan suggests accumulating one million Bitcoins over five years, leveraging existing government holdings and reallocating gold reserves, without requiring taxpayer funding. This initiative aligns with a bill from Senator Cynthia Lummis and aims to position Bitcoin as a dominant global asset, potentially representing 18% of the world's financial assets by mid-century.
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ethereum shows signs of recovery as funding rates stabilize after recent dip
15:00 23.12.2024
north korean hackers escalate crypto theft to record levels in 2024
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chainlink whales accumulate 362000 tokens as price eyes potential rally
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cryptocurrency market faces volatility as bitcoin struggles and ethereum declines
14:05 23.12.2024
solana faces significant decline in total value locked and network revenue
14:05 23.12.2024
stock market outlook for 2025 amid potential trump impact
14:00 23.12.2024
ethereum poised for growth as solana gains traction in crypto market
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14:00 23.12.2024
strategic bitcoin reserve could reduce us national debt by 2050
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mixed stock futures as investors weigh fed's interest rate outlook
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vanEck proposes bitcoin reserve to reduce us national debt by 42 trillion
12:59 23.12.2024
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