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MamaFi, a SocialFi platform on Ethereum Layer 2, has successfully raised $2,756,535 in a private sale. The platform aims to democratize digital finance by enabling users to create tokens and engage in decentralized governance, while also fostering a vibrant meme coin ecosystem. With features like encrypted P2P chat and lower transaction costs, MamaFi is positioned for significant growth in the evolving crypto landscape.
XRP is currently trading at $2.4, having gained 148% monthly and 312% over 90 days, yet it is significantly undervalued compared to a projected fair market value of $122,580 based on a global wealth estimate of $5.3 quadrillion. Analysts suggest XRP must breach key resistance levels of $2.42, $2.52, $2.72, and $5.85 for a potential upward surge, while regulatory and economic challenges remain hurdles to achieving its estimated value.
Forbes Web3 celebrates innovation by featuring members of the Forbes Legacy Pass in its December 2024/January 2025 issue. This membership offers exclusive access to global events, curated artist drops, and a vibrant community of entrepreneurs and creators, with a waitlist exceeding 120,000. To learn more about the Forbes Legacy Pass and apply, visit the official site.
Bitpanda has secured in-principle approval from the Virtual Asset Regulatory Authority (VARA) to expand into the UAE, positioning Dubai as a strategic hub for its international growth. The approval indicates compliance with regulatory standards, although further conditions must be met for full operational licensing. Additionally, Bitpanda has partnered with Societe Generale to promote the adoption of its euro-denominated stablecoin, EUR CoinVertible, as a key element of global finance.
World Liberty Financial (WLFI), backed by Donald Trump, has acquired 134,216 ONDO tokens for approximately $250,000, signaling its growing influence in the crypto sector. This purchase is part of a broader strategy, with WLFI investing over $44 million in various cryptocurrencies recently. The involvement of high-profile investors like Justin Sun further enhances WLFI's credibility as it aims to reshape decentralized finance amidst regulatory challenges.
Venture capital funding in stablecoin projects is surging, driven by expanding applications beyond crypto trading, such as remittances and B2B payments. With annual transaction volumes already between $200 billion and $250 billion, stablecoins are projected to handle $1 trillion in transactions by 2026, capturing over 1% of global cross-border payments. This shift highlights their growing importance in financial systems, particularly in regions with limited banking infrastructure, as they enhance efficiency and accessibility in global payments.
World Liberty Financial, backed by Donald Trump, has invested nearly $45 million in cryptocurrencies this December, including significant purchases of Ether, Coinbase Wrapped Bitcoin, and Chainlink. Despite struggling to sell its $300 million WLFI token, the project gained traction when Justin Sun invested $30 million. Additionally, World Liberty's collaboration with AaveDAO to launch a lending protocol aims to enhance its credibility in the crypto market.
Early investors and employees of fintech Revolut have sold nearly $1 billion in shares since August, following the company's acquisition of a limited banking license in the UK. Notable investors, including the Abu Dhabi sovereign wealth fund Mubadala and firms like Coatue and Tiger Global, participated in these secondary share sales. Revolut, valued at approximately $45 billion, reported 50 million global customers and $2.2 billion in revenue for 2023, with a pre-tax profit of $545 million.
Bitcoin has reached a new all-time high of $106,488, gaining over 3% recently, while its current price is $105,166. Meanwhile, the iDEGEN presale has surpassed $5 million, attracting investor interest with its unique AI-driven memecoin concept, set to launch on January 1, 2025.
Palantir and Applovin are thriving in a market characterized by irrational exuberance, raising concerns for the broader stock landscape. The inability to curb speculative behavior or advise insiders to take profits highlights the precarious nature of current valuations in the tech sector.

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