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Binance has announced the delisting of WazirX (WRX), Kaon (AKRO), and Bluzelle (BLZ) tokens, leading to significant price drops of 40%, 25%, and 24%, respectively. The exchange cited failure to meet high standards in development activity, trading volume, and regulatory compliance as reasons for the decision. Users are advised to close positions and manage holdings before key deadlines, with trading pairs set to be removed on December 25, 2024.
Ethereum spot ETFs have seen a significant net inflow of $145 million, reflecting growing institutional interest, with BlackRock’s ETHA leading at $3.365 billion. Grayscale’s ETH also contributed, increasing its net inflow to $616 million, while cumulative net assets for Ethereum spot ETFs reached $14.04 billion.In related news, President-elect Trump met with Crypto.com CEO Kris Marszalek to discuss establishing a U.S. Strategic Bitcoin Reserve, aimed at enhancing economic security and consolidating government-held Bitcoin. This initiative follows Trump's engagement with other crypto leaders and coincides with Bitcoin hitting an all-time high of $108,268.45.
Bloomberg analysts predict a surge in cryptocurrency ETFs in 2025, driven by anticipated changes in SEC leadership. Bitcoin and Ethereum combo ETFs are expected to lead, while Litecoin and HBAR may gain quicker approval due to favorable classifications. However, Solana and XRP face delays due to ongoing legal challenges. The shift in SEC leadership, with a pro-crypto nominee expected, could create a more favorable environment for altcoin ETFs, although market demand remains uncertain.
Tether has invested in Malta-based stablecoin firm StablR, which operates the StablR Euro (EURR) and StablR USD (USDR) stablecoins, as Europe prepares for the implementation of the Markets in Crypto-Assets Regulation (MiCA) on December 30, 2024. StablR, founded in 2023, recently obtained an Electronic Money Institution license, enabling it to issue compliant stablecoins. Tether's investment reflects a strategic shift towards supporting MiCA-compliant projects, allowing it to navigate regulatory challenges while fostering innovation in the European stablecoin market.
Bitcoin has reached a new all-time high of $107K, fueled by expectations of lower interest rates and the inclusion of MicroStrategy in the Nasdaq 100. While new crypto ETFs are anticipated, Solana and XRP face delays due to ongoing legal issues with the SEC, which may push approvals to late 2025. In contrast, Litecoin and Hedera (HBAR) are positioned for quicker approvals, benefiting from clearer regulatory status.
Bloomberg analysts predict that Litecoin and Hedera ETFs will launch before those for Solana and XRP, citing fewer regulatory hurdles. However, market demand for these ETFs remains uncertain, with limited issuer interest compared to the multiple filings for XRP and Solana. Regulatory challenges, particularly for Solana and XRP due to ongoing legal issues, may further delay their approval. Litecoin is currently trading at $122.41, having increased by 4.95% in the past day and 10.69% over the past week.
A Bitcoin and Ethereum exchange-traded fund (ETF) is anticipated to lead a series of new crypto funds in 2025, according to analysts. Following this, ETFs for Litecoin and Hedera are expected to gain approval more readily than those for Solana and XRP, which face regulatory hurdles. The upcoming SEC leadership under Donald Trump may further influence the approval landscape for these assets.
A recent Emerson College poll reveals that 19% of US voters have engaged with cryptocurrency, with younger demographics showing the highest usage rates. Notably, 57% of crypto users view Donald Trump favorably, reflecting a growing and diverse political constituency. Additionally, a significant portion of voters prioritize pro-crypto policies when selecting candidates, indicating the potential for a more favorable regulatory environment post-2024 elections.
Ethereum, having transitioned to a Proof-of-Stake mechanism in September 2022, is poised for significant growth as real-world asset (RWA) tokenization gains traction. Bitwise predicts Ethereum could capture over $100 billion in fees from this market by 2025, bolstered by strong whale accumulation and a favorable regulatory environment.Currently, Ethereum holds an 81% market share in tokenized assets, with key holders increasing their stakes. A sustained price breakout above $4,093 could see ETH rally towards $4,380, while a drop below $3,550 would invalidate bullish prospects.
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