15/12/2024. Weekly CryptoNews Digest (December, 9 – December, 15)

Hey crypto fans! It’s December 15th, and the holidays are in the air (along with some chilly weather, brrr!). With over 17 years in the game, I’m here at MNO to be your crypto guide. Since 2007, I’ve been dishing out practical tips, breaking down the latest news, and helping you navigate this wild world of digital assets.

Together, we’ll explore the cool stuff and the head-scratchers, so you can make informed decisions and reach your financial goals.

Staying informed is key in this ever-changing market. Remember that recent Bitcoin price jump? Yeah, that’s just one example of how crypto can shake things up. My job is to give you the knowledge and tools you need to ride these waves and grab those sweet opportunities.

Here’s how you can stay in the loop:
– MNO Newsletter: Get expert tips, strategies, and market updates delivered straight to your inbox. Think of it as your own free crypto coach!
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Alright, enough chit-chat, let’s jump into the latest edition of MNO’s Weekly CryptoNews Digest! This week (December 9th to December 15th) we’ll cover the hottest topics and trends shaking the crypto world. Remember, staying informed is key in this fast-paced space. So, buckle up and get ready to learn about the future of finance!

TRUMP MAY USE BITCOIN AS US RESERVE ASSET ON ‘DAY ONE’ — HOW HIGH WILL BTC PRICE GO?

Donald Trump is considering an executive order to designate Bitcoin as a United States reserve asset on his first day in office. This move could lead to a significant purchase of Bitcoin, potentially driving a $20 billion BTC acquisition in 2025. The proposal, introduced by pro-crypto Senator Cynthia Lummis, suggests that the Treasury and Federal Reserve purchase 200,000 BTC annually over five years, accumulating 1 million BTC. This would take 5% of Bitcoin’s total supply out of circulation, potentially driving up its price.

The potential impact of this move on Bitcoin’s price is substantial. Analysts predict that such a large-scale purchase could push Bitcoin’s price to new heights. Some forecasts suggest that Bitcoin could reach $800,000 by the end of 2025, driven by the increased demand and reduced supply. The stock-to-flow model, which has been used to predict Bitcoin’s price, supports these high price targets, indicating that Bitcoin’s capped supply could lead to significant price appreciation.

The introduction of a national Bitcoin reserve could also have broader implications for the cryptocurrency market. It could encourage other countries to consider similar strategies, further driving demand for Bitcoin. This move could also solidify Bitcoin’s status as a store of value and a hedge against inflation, attracting more institutional investors to the market. The increased interest from institutional investors could further boost Bitcoin’s price and market capitalization.

However, there are also potential risks and challenges associated with this proposal. The volatility of Bitcoin’s price could pose risks to the stability of the US financial system. Additionally, the large-scale purchase of Bitcoin by the US government could lead to market distortions and increased regulatory scrutiny. Despite these challenges, the potential benefits of establishing a national Bitcoin reserve could outweigh the risks, making it a bold and potentially transformative move for the US economy.

QUBETICS ($TICS) TAKES THE BLOCKCHAIN WORLD BY STORM

Qubetics, a revolutionary platform focused on asset tokenization and multi-chain wallet solutions, is making waves in the blockchain industry. Its innovative approach has caught the attention of investors and enthusiasts alike, who are eager to learn more about its potential to disrupt the status quo. The platform’s ongoing presale has been a major draw, with many seeing it as a unique opportunity to get in on the ground floor of a game-changing project.

At the heart of Qubetics’ innovative approach is its ability to tokenize assets, allowing for the creation of new financial instruments and investment opportunities. This technology has the potential to democratize access to financial markets, making it easier for individuals to invest in assets that were previously out of reach. Additionally, the platform’s multi-chain wallet solutions provide users with greater flexibility and control over their digital assets, making it an attractive option for those looking for a more secure and efficient way to manage their cryptocurrency holdings.

The buzz surrounding Qubetics is not limited to its innovative technology alone. The platform’s team, comprised of experienced professionals with a deep understanding of the blockchain industry, has been instrumental in generating excitement and confidence among investors. Their commitment to transparency and community engagement has helped to build a strong following, with many enthusiasts eager to learn more about the platform’s plans and potential.

As Qubetics continues to gain momentum, it’s clear that this innovative platform is poised to make a significant impact on the blockchain industry. With its unique approach to asset tokenization and multi-chain wallet solutions, it’s no wonder that investors and enthusiasts alike are taking notice. Whether you’re a seasoned investor or just starting to explore the world of blockchain, Qubetics is definitely a project worth keeping an eye on.

RECORD-BREAKING INFLOWS INTO ETHEREUM AND RIPPLE ETFS

Both Ethereum and Ripple ETFs have witnessed record-breaking inflows, signaling growing institutional interest in these cryptocurrencies. This development could further solidify their position in the market.

Ethereum-based investment products have set a record for 2024, reaching $2.2 billion in net inflows, surpassing the previous high of $2 billion in 2021. Last week alone saw $466.5 million flow into Ethereum products, largely driven by U.S.-based exchange-traded funds (ETFs). This surge in inflows coincided with Ethereum’s price surpassing $4,000, marking an 8% gain from the previous Sunday. Ripple’s XRP funds also recorded $95 million in weekly inflows, the highest ever for the asset, coinciding with a 69% price surge.

The growing appeal of Ethereum and Ripple is attributed to their staking yield potential and possible U.S. regulatory approval. Ethereum’s global assets under management now total $11 billion, bolstered by record-breaking inflows, including $332.9 million in a single day. Ripple’s rapid rise and development of an overcollateralized stablecoin, RLUSD, have contributed to its market performance.

These record inflows highlight the increasing confidence of institutional investors in Ethereum and Ripple, positioning them as strong contenders in the cryptocurrency market. As the market continues to evolve, staying informed and making informed decisions will be key to navigating the dynamic landscape of cryptocurrency investments.

EARTH META LAUNCHES $EMT TOKEN MERGING BLOCKCHAIN WITH THE METAVERSE

EarthMeta, an innovative crypto project that merges blockchain technology with the Metaverse, has officially launched its $EMT token on Uniswap and BitMart. This development has generated excitement in the crypto community, as it introduces a new way to engage with the Metaverse through decentralized and AI-powered platforms.

The $EMT token is designed to enhance liquidity and serve as a common currency for transactions within the EarthMeta ecosystem. Users can own, govern, interact, and create an economy in the Metaverse through smart contracts. The platform allows users to buy, sell, and trade virtual properties, offering a gamified experience and immersive user interface. Additionally, the EarthMeta ecosystem includes features like staking, farming activities, and NFT city trading, providing various incentives and rewards for token holders.

EarthMeta’s launch has been met with enthusiasm from the crypto community, as it represents a significant step towards creating a decentralized and sustainable digital future. The project’s focus on combining AI technology with the Metaverse opens up new possibilities for users to engage with digital assets and participate in a dynamic virtual economy.

As EarthMeta continues to grow and expand its platform, the $EMT token is expected to play a crucial role in driving adoption and facilitating transactions within the ecosystem. With its innovative approach and strong community support, EarthMeta is poised to become a frontrunner in the Metaverse landscape.

INVESTORS FLOCK TO WALL STREET PEPE, CRYPTO ALL-STARS, AND CATSLAP

Meme coins like Wall Street Pepe, Crypto All-Stars, and Catslap have captured the imagination of investors, sparking a frenzy of interest in the crypto community. These coins, born out of internet culture and viral memes, offer a unique blend of humor and financial potential. Their lighthearted nature and playful themes have attracted a diverse group of investors, ranging from crypto enthusiasts to casual traders looking for a fun investment.

Wall Street Pepe, for example, leverages the iconic “Pepe the Frog” meme, which has a strong following online. By incorporating this well-known character into its branding, Wall Street Pepe has created a sense of familiarity and nostalgia among investors. Crypto All-Stars, on the other hand, brings together popular figures from the crypto world, turning them into collectible digital assets. This approach not only celebrates the influencers within the community but also encourages engagement and interaction among users.

Catslap has gained popularity through its whimsical concept of slapping cats, combined with a charitable aspect where a portion of the proceeds goes towards animal welfare organizations. This community-driven approach has resonated with many investors who appreciate the blend of humor and social impact. The strong communities behind these meme coins play a crucial role in their success, as they actively promote and support the projects on social media and online forums.

Despite their playful nature, meme coins have proven to be serious contenders in the crypto market. Their success highlights the power of community and the potential for unconventional projects to thrive in the ever-evolving world of cryptocurrency. As investors continue to seek innovative and entertaining opportunities, meme coins like Wall Street Pepe, Crypto All-Stars, and Catslap are likely to remain in the spotlight.

ETHEREUM POISED FOR RECORD HIGHS IN Q1 2025, ANALYSTS PREDICT

Ethereum is predicted to reach record highs in the first quarter of 2025, according to market analysts. Ether (ETH) has struggled to stay above the $4,000 mark despite Bitcoin’s recent surge past $100,000. However, analysts believe that Ether may soon catch up to Bitcoin’s gains, especially following recent market deleveraging which has reset leveraged long exposures. This reduction in leverage could set the stage for a rally to new all-time highs for Ethereum in early 2025.

The potential breakout of Ether against Bitcoin is closely tied to Ether’s historic correlation with Bitcoin’s four-year halving cycle. Analysts note that Ethereum typically underperforms Bitcoin for up to eight months following a Bitcoin halving, before experiencing a significant surge. Currently, Ethereum is in the eighth month post-halving, and analysts expect ETH/BTC ratio to increase by at least 700%, potentially reaching 0.39. This correlation suggests that Ether could see substantial gains in the coming months.

Market indicators also point to growing investor interest in Ethereum. The creation of new Ethereum wallets has surged, with over 130,000 new addresses being created daily in December, marking an eight-month high. This increase in new wallets is seen as a positive sign for Ethereum’s future performance. Additionally, technical analysis suggests that Ether may be setting up for a rally to above $8,800, provided it can break through the $4,100 resistance level.

Despite the optimistic predictions, some analysts remain conservative in their price targets. VanEck, for instance, predicts a cycle top of $6,000 for Ether and $180,000 for Bitcoin in 2025. While these targets are lower than some other predictions, they still reflect a positive outlook for Ethereum’s performance in the coming year. Overall, the combination of reduced leverage, historic correlations, and growing investor interest paints a promising picture for Ethereum’s future.

Wow, what a hectic week in crypto! It’s great to see how much this space is growing and changing. Thanks so much for sticking around and being part of the MNO community. Your support means the world!

This weekend, chill out and recharge. And hey, don’t forget to vote in the MNO TalkBack poll. Your feedback helps me keep things interesting and relevant.

See you next Sunday with more crypto news and tips in the next Weekly CryptoNews Digest. Keep stacking those coins, and remember, we’re here to help you on your financial journey. Thanks for being part of the MNO – For Money Lovers!

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