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The U.S. Securities and Exchange Commission (SEC) has approved the first dual Bitcoin-Ethereum exchange-traded funds (ETFs), allowing Nasdaq and Cboe BZX to list the Hashdex Nasdaq Crypto Index US ETF and Franklin Crypto Index ETF, expected to launch early next year. These funds will hold approximately 80% Bitcoin and 20% Ethereum, enhancing market integrity through surveillance-sharing agreements. This approval signals a more receptive environment for innovative crypto products, potentially paving the way for additional multi-asset ETFs in the future.
Long-term Litecoin (LTC) holders, comprising 78% of addresses, are showing resilience amid market volatility, with many anticipating a price surge past $200. Historical trends suggest a potential rally similar to 2020, especially following the recent buzz around a Litecoin ETF filing with the SEC. Analysts predict LTC could reach $150 soon, reflecting strong buy signals and increased trading volume.
Bitwise has launched the Solana Staking ETP in Germany, offering an annual percentage return of 6.48%, surpassing competitors like 21Shares. While U.S. regulatory challenges persist, optimism for future spot ETF approvals is growing, with expectations of a favorable outcome by the end of 2025. European investors are currently benefiting from innovative Solana-based products as the market evolves.
XRP experienced a significant drop of 10.07% following the Federal Reserve's hawkish outlook, which raised the 2025 Fed Funds Rate from 3.4% to 3.9%. The SEC's political shake-up, with the exit of anti-crypto Commissioner Crenshaw, could lead to a withdrawal of the agency's appeal in the Ripple case, potentially boosting XRP's demand. Meanwhile, DTX Exchange is gaining traction with its presale, having raised $10.41 million, and offers advanced trading tools that enhance user experience and liquidity.
Vivek Ramaswamy's X account was allegedly hacked, leading to a false announcement of a partnership with the USUAL stablecoin project, which caused its governance token to surge to an all-time high of $1.61. The misinformation resulted in a significant spike in trading volume and market cap for USUAL, despite Ramaswamy being locked out of his account and clarifying the post was a scam. The incident has drawn attention to the Department of Government Efficiency (D.O.G.E.) initiative, co-led by Ramaswamy and Elon Musk, amid speculation about its potential ties to cryptocurrency.
Coinbase has withdrawn support for Wrapped Bitcoin (wBTC) as Bitcoin's price drops below $100,000, citing that wBTC no longer meets its listing standards. The decision follows concerns over Justin Sun's involvement with wBTC, which Coinbase deemed an "unacceptable risk." Users can still access and withdraw their wBTC funds, but trading services have been disabled.
Ether ETFs are experiencing significant net inflows, with a record $2.2 billion in the week of Nov. 26, and analysts predict they may outperform Bitcoin ETFs in 2025. The Ethereum network's growth, particularly in AI applications, and potential staking yields could further enhance Ether's appeal, with projections suggesting a spot price of $6,000 by late 2025 and up to $22,000 by 2030. The SEC has recently approved ETFs that include both BTC and ETH, potentially boosting inflows into Ether funds.
Cathie Wood, founder of ARK Investment Management, predicts a surge in startup mergers and acquisitions if Donald Trump wins another presidential term, citing potential regulatory changes. She maintains that Bitcoin could exceed $1 million by 2030 due to its fixed supply, contrasting it with gold's expandable production. Wood also highlights the positive impact of Trump's pro-crypto policies, including the nomination of Paul Atkins as SEC Chair, which could foster growth in both the tech startup and cryptocurrency markets.
Ethereum's performance in 2025 may hinge on institutional and retail demand, alongside macroeconomic conditions. A breakout above the $4,093 resistance could lead to a new all-time high near $7,000, contingent on broader market trends and ETF inflows. Key support levels to monitor include the $2,800-$3,200 range, with significant implications for price movement.
The U.S. Securities and Exchange Commission has approved the first crypto index ETFs from Hashdex and Franklin Templeton, set to launch in January. These funds will hold approximately 80% Bitcoin and 20% Ether, with BitGo and Coinbase as custodians. This approval marks a significant milestone in the growing U.S. crypto ETF market, which has seen over $36 billion in net inflows since January.
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