Social trading platform eToro is planning a US IPO with Goldman Sachs, targeting a $3.5 billion valuation, marking its second attempt at going public after a failed SPAC merger in 2022.
Approximately 15% of home equity lines of credit (HELOCs) transactions are now conducted on the blockchain, accounting for $650 million every month.
By emerging as the largest holder, Bitcoin ETFs now have the chance to attract even more institutional investors, further reinforcing Bitcoin as an asset class.
The $50 million fund will support consumer-oriented meme projects with practical applications, like payment solutions.
The NFT market’s recovery is not isolated to trading volume alone. Overall market value grew to $8.8 billion in November. Also, daily trading volumes across various chains jumped by nearly 50%.
Ceffu, Binance’s institutional custody partner, has teamed up with the EOS Network Foundation to unlock new opportunities for CeDeFi strategies, combining decentralized finance (DeFi) and centralized exchanges (CEXs).
Overall, Tether’s idea is to make USDT transactions more accessible and efficient globally.
Following the appointment of David Sacks as AI and crypto czar, DYDX saw a 35% price rally, with daily trading volumes surging by 168%, amid links to Sack’s venture capital investment firm.
“Legal certainties create opportunities for companies to collaborate with regulators and operate compliantly,” said Usi Zade, Chief Operating Officer at Bitget.
According to analysts, “BTC funding rates indicate the significant use of leverage… this leaves us susceptible to 2-way volatility.”
DeFi tokens experience short-term volatility amid whale activity, with key players like Aave, Maker, and Lido DAO navigating crucial levels. While the market shows mixed signals, long-term trends hint at potential bullish momentum for these tokens.
XRP price has dropped 18% from its $2.75 peak earlier this week as Bitcoin makes a move to $104,000, setting an eye on 60% market dominance.
Institutional and corporate players are now paying more attention to Bitcoin.
“Some of what is being said, this idea that we should have some kind of national Bitcoin reserve, is crazy,” Summers remarked.
The ongoing bullish breakout for Ethereum in the weekly chart will trigger a major altseason in the near term amid the ongoing crypto cash rotation from Bitcoin.