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Coinbase's Base platform has emerged as the fastest-growing blockchain, adding 13.7 million users in October and averaging 1.56 million new users monthly in 2024, surpassing Ethereum. With 15.1 million super users, Base excels in engagement, while newer networks like Aleo struggle with retention. Institutional confidence has surged, driven by regulatory clarity, as the crypto market evolves with trends like GameFi and AI integration, highlighting the need for meaningful user engagement beyond mere speculation.
Cathie Wood, founder of ARK Investment Management, predicts a surge in mergers and acquisitions following Donald Trump's election, driven by anticipated regulatory rollbacks. She also forecasts Bitcoin could exceed $1 million by 2030, citing its fixed supply and growing institutional interest. Wood emphasizes that the crypto market is still in its early stages, with significant growth potential compared to gold.
Mark Yusko claims Donald Trump and his son Eric are investing heavily in cryptocurrencies like Bitcoin, XRP, and Hedera, potentially influencing U.S. crypto policies and ETF approvals. Speculation arises about classifying XRP and HBAR as national assets, while Charles Hoskinson refutes these claims, asserting Bitcoin is the only contender for a national reserve. Yusko remains optimistic about a shift in U.S. leadership towards a more crypto-friendly environment, reflecting global trends in innovation and competitiveness.
The stock market's value is increasingly concentrated in a few megacap tech companies, raising risks for passive index investors due to reduced diversification. The Herfindahl-Hirschman Index (HHI) has surged to 207, indicating significant concentration, which could lead to sharp declines in wealth if major players like Apple or Microsoft experience price drops.
The SEC has approved the first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton, set to launch in January with an 80/20 allocation favoring Bitcoin. This marks a significant step in the U.S. crypto ETF market, which has seen substantial inflows, particularly in Bitcoin ETFs. Speculation continues around potential future approvals for Solana and XRP ETFs, though analysts suggest Litecoin and Hedera may come first due to regulatory clarity.
XRP's recent price fluctuations have been influenced by a 15% drop following a U.S. SEC appeal against Ripple Labs, creating uncertainty among investors. Despite this, analysts remain optimistic, predicting potential price surges due to increased adoption, including Wells Fargo's integration of XRP for payments and successful oil trades between India and UAE using the XRP Ledger. The cryptocurrency's utility in cross-border transactions positions it for significant future growth, with some forecasts suggesting it could reach values as high as $1,000 in the coming years.
The US SEC has approved the Hashdex Nasdaq Crypto Index US ETF and the Franklin Templeton Crypto Index ETF, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. These ETFs will track Bitcoin and Ethereum, with holdings based on market capitalizations, and are expected to launch in January. This approval signals a progressive regulatory approach to cryptocurrency, potentially stabilizing the market amid recent volatility.
The SEC has approved Bitcoin and Ether spot ETFs from Hashdex and Franklin Templeton, allowing them to trade on Nasdaq and Cboe BZX Exchange, respectively. Both funds will hold spot Bitcoin and Ether, with Hashdex potentially adding more digital assets in the future. This approval may encourage other firms, like BlackRock, to launch similar products amid growing demand for diversified crypto investments.
The SEC has approved the first dual Bitcoin and Ethereum ETFs, introduced by Hashdex and Franklin Templeton, marking a significant step in crypto adoption. The ETFs, set to launch in January 2024, will provide institutional investors with simplified access to these major cryptocurrencies, despite ongoing market volatility. This approval reflects a potential shift in the SEC's regulatory stance towards digital assets, following recent leadership changes.
The US SEC has approved the first combined Bitcoin and Ethereum ETFs from Hashdex and Franklin Templeton, featuring an 80/20 split. This milestone comes amid significant outflows from existing Bitcoin and Ethereum ETFs, totaling $671 million and $60 million, respectively, as the market faces a downturn. The new ETFs are set to launch in January 2024, with expectations of strong demand for diversified crypto investment products.
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