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Avalanche has successfully raised $250 million in a token sale led by Galaxy Digital, Dragonfly, and ParaFi Capital, with over 40 investment firms participating. This funding aims to support the upcoming launch of the Avalanche9000 upgrade, which seeks to significantly reduce transaction costs and enhance application deployment on the layer-1 blockchain.In a separate development, the renomination vote for SEC Commissioner Caroline Crenshaw has been postponed, amid criticism from crypto advocacy groups regarding her stance on regulatory policies. The delay raises the possibility of a Republican-majority SEC following the upcoming presidential transition.
Microsoft's CFO, Amy Hood, indicated the company's openness to exploring Ethereum ETFs, particularly those with staking features, after shareholders rejected a Bitcoin treasury proposal. This aligns with Microsoft's investment strategy focused on liquidity, capital preservation, and income generation. Analysts suggest that regulatory changes could pave the way for staking-enabled Ethereum ETFs, enhancing their appeal and competitiveness against Bitcoin ETFs.
Mark Cuban recently appeared on Jon Stewart's podcast, discussing the impact of crypto on the 2024 election and urging the Harris campaign to engage young male voters. He emphasized that the administration's stance on digital assets could significantly influence voter turnout. During the conversation, Stewart admitted his limited knowledge of blockchain, prompting Cuban to explain the fundamentals of cryptocurrencies, likening Bitcoin to digital gold and discussing regulatory challenges.
Michael Sonnenshein, former CEO of Grayscale Investments, has been appointed COO of Securitize, a leading tokenization platform, effective December 9. After stepping down from Grayscale in May 2024, he has advised various fintech and blockchain firms and will now focus on building relationships with asset managers and enhancing marketing and sales efforts. Securitize, which has partnered with major firms like BlackRock, has moved over $1 billion in real-world assets onchain and recently secured $47 million in funding.
Microsoft may explore Ethereum ETFs with staking features, as suggested by VanEck's Matthew Sigel. While the company has rejected a Bitcoin investment proposal, it remains interested in crypto as an asset class, focusing on liquidity and income generation. Currently, US Ethereum ETFs lack staking due to SEC regulatory concerns, but potential changes in leadership could open discussions on this feature.
BlackRock and Fidelity have made a significant move in the cryptocurrency market, acquiring $500 million in Ethereum (ETH) in just two days, reflecting growing institutional interest. BlackRock’s iShares Ethereum Trust ETF leads with $2.93 billion in inflows, while Fidelity’s Ethereum Fund follows at $1.35 billion.Analysts predict Ethereum could surge towards $5,000, supported by bullish signals like a "Golden Cross" formation and strong buying momentum. Recent investments from prominent entities further highlight Ethereum's appeal, as its price recently reached $3,921, marking a 6.16% increase.
Microsoft may consider investing in an Ethereum ETF if it meets the company's yield requirements, according to VanEck's Matthew Sigel. This follows CFO Amy Hood's remarks on the company's long-standing engagement with digital assets and ongoing evaluations at the board level. Despite a failed proposal to add Bitcoin as a reserve asset, the company remains open to exploring digital assets that align with its strategic goals.
In a significant move, BlackRock and Fidelity have invested over $500 million in Ethereum (ETH) through their ETFs, following the SEC's approval of spot Ethereum ETFs. This surge has driven ETH's price to $3,974, reflecting strong institutional interest, with BlackRock's iShares Ethereum Trust ETF leading with $2.93 billion in inflows.Both firms are expanding their presence in the cryptocurrency market, with BlackRock seeking approval for spot trading options for its Ether ETFs. This trend indicates a growing acceptance of digital assets in traditional finance, potentially paving the way for mainstream adoption.
Tom Dunleavy, CIO at MV Global, predicts Bitcoin will reach $250,000 and Ethereum $12,000 by the end of 2025, drawing parallels to the economic shifts of the 1970s. He anticipates a strong market start in Q1, gradual institutional adoption in Q2, a summer lull in Q3, and a significant year-end surge in Q4, influenced by potential ETF approvals and legislative advancements.
Rocket Lab USA has received a "Moderate Buy" rating from analysts, with a consensus target price of $17.44. Recent insider trading includes Director Matthew Ocko selling 2 million shares for $35.46 million, while UBS Asset Management reduced its stake by 15.4%. The stock has seen significant trading activity, closing at $22.58, with a market cap of $11.29 billion.
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