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Dogecoin has plunged 30% from its yearly high, with bearish indicators like a "Death Cross" and Super Trend readings hinting at further losses.
Share link:In this post: The UAE now holds $40 billion in Bitcoin, proving itself as a global crypto leader with a thriving blockchain ecosystem. Between July 2023 and June 2024, crypto transactions in the UAE hit $34 billion, with stablecoins dominating 51% of the activity. The country’s pro-crypto regulations, including strict AML and KYC rules, have attracted massive institutional and retail investment.
Share link:In this post: Google’s new AI tools, like Gemini 2.0 and Project Astra, have pushed its stock to an all-time high of $199.91 and reinstated investor trust. The company is taking on Nvidia with its new Trillium chip and breaking ground in quantum computing with the Willow chip. Google is under pressure from rivals like Microsoft and Elon Musk’s xAI, while also facing tough antitrust lawsuits in the U.S.
Quick Take Uniswap Labs and web3 security firm Blockaid have partnered on a new onchain detection and response system to protect DEX users from malicious tokens.
Quick Take Vlad Tenev, CEO of trading platform Robinhood, said there have been internal discussions about holding bitcoin, but the company doesn’t have plans to maintain a BTC reserve. Robinhood’s stock price is “highly correlated with bitcoin,” he said.
TON’s user growth soared to 5 million daily active users, fueled by Telegram mini-apps. TON’s price and user activity are closely linked, with price surges boosting engagement. Despite volatility, TON remains a top performer with strong market activity in 2024.
Bitcoin’s social dominance rises as meme coin interest fades amid market volatility. Liquidations spike during Bitcoin rallies, indicating over-leveraged market positions. BTC’s RSI signals weak momentum, but MACD suggests potential stabilization.
XRP and HBAR led the market rally post the 2024 US elections. XRP rose 328% and HBAR skyrocketed 457% since then. President-elect Donald Trump has exposure to XRP and HBAR as well.
Quick Take MicroStrategy, the largest corporate owner of bitcoin, has proposed increasing its number of shares in the company. Stockholders will vote on proposals to increase Class A common shares by 10 billion and preferred shares by 1 billion.
- 23:51Bank of England committee member Taylor: The basic expectation for this year's interest rate cut is about 100 basis pointsBank of England committee member Taylor stated that the basic expectation for interest rate cuts this year is about 100 basis points.
- 23:50Overview of Important Overnight Developments on January 161. BTC surpasses $100,000; 2. VanEck submits on-chain economy ETF application to US SEC; 3. US December CPI grows 2.9% year-on-year, meeting market expectations; 4. Interest rate futures traders increase bets on a Fed rate cut in June; 5. Trump's team is reviewing some unresolved SEC crypto enforcement cases; 6. US SEC ready to advance crypto policy reforms immediately after Trump takes office; 7. Establishing a digital asset framework is among the priorities of the 119th US Congress; 8. 1Money completes $20 million seed round financing, with participation from Galaxy Ventures and others.
- 23:49"Fed's Mouthpiece": Using CPI and PPI to Predict PCE"Federal Reserve mouthpiece" Nick Timiraos: With the CPI and PPI data for December, forecasters expect that the core PCE will increase by 0.17% in December (equivalent to an annual increase of nearly 2%), which will keep the annual rate of core PCE at 2.8%, and reduce the annualized values for six months and three months to 2.3% and 2.2% respectively.