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All the news about cryptocurrencies in one place. Round-the-clock, operational and automatic updating. Promo inquiries: @ryder_reilly
Is SEED Token hinting at a SUI launch? 👀 If true, this is HUGE! 🚀
🌱 Seeds of Growth: A New Partnership Unveiled
💧 The journey of growth begins with a single seed and a single drop of water. When these two elements unite, they create the potential for something extraordinary.
🌱 In the SEED garden, a significant partnership is taking shape. This collaboration is aimed at fostering growth, grounded in strategic planning and driven by a long-term vision.
🌍 Are you prepared to discover the possibilities that are about to unfold?
🎮 Website | ✈️ Chat | 🐣 SEED Twitter | 📹 seedcombinator">Youtube
⚖️ Kraken Fined $5.1 Million AUD by Australian Court for Regulatory Breach
💰 An Australian court has imposed a fine of $5.1 million AUD on the digital asset exchange platform Kraken for illegally providing a credit facility to over 1,100 Australian customers without the necessary regulatory approval. This penalty concludes legal actions initiated by the Australian Securities and Investments Commission (ASIC) against the platform.
📅 According to a statement from the regulator on December 12, the fine pertains to Kraken's "margin extension" product, which was offered to users without a target market determination (TMD). This product, available since October 2021, allowed users to make and repay margin extensions in digital assets like bitcoin or national currencies such as the U.S. dollar.
➡️ In August of this year, an Australian Federal Court ruled that Bit Trade—the operator of Kraken in Australia—had violated its design and distribution obligations (DDO) each time it offered the product without a TMD.
Target market determinations are fundamental in ensuring that investors are not inappropriately marketed products that could harm them
➡️ From Accused Murderer to Memecoin Icon: The Luigi Mangione Saga
👤 Luigi Mangione, a 26-year-old Ivy League engineering graduate from a wealthy Baltimore family, has been charged with the daylight murder of health insurance executive Brian Thompson. The incident, which took place in New York City, shocked the nation when Mangione was apprehended by police at a McDonald's.
💰 In a surprising twist, the accused has transformed from a feared killer to a celebrated figure in the memecoin community. Various crypto sites have adopted Mangione as their mascot, with multiple tokens created in his honor. One such token, "Luigi," boasts a market capitalization of $8.9 million, although it peaked at nearly $77 million shortly after its launch.
Boycott McDonalds,
Absolute Chad.
I do believe in the sanctity of life and I think that’s why I felt – along with so many other Americans – joy… Certainly not empathy.
🚀 Unlocking the Future of Secure Finance!
🎮 From secure wallets to play-to-earn gaming to blockchain smartphones, explore the real-world use cases driving the digital economy forward.
🔗 Read our latest blog: douglas_98816/unlocking-the-future-of-secure-finance-understanding-biofi-and-its-use-cases-44b737902fcd" rel="nofollow">https://medium.com/@douglas_98816/unlocking-the-future-of-secure-finance-understanding-biofi-and-its-use-cases-44b737902fcd
Be part of the financial revolution today! 💡
#BioFi #DeFi #Blockchain
➡️ Bill Dudley Warns Against Federal Bitcoin Reserve
⚠️ Bill Dudley, former president of the Federal Reserve Bank of New York, has expressed serious concerns regarding the proposed establishment of a federal Bitcoin reserve. In a recent Bloomberg opinion piece, he outlined the potential financial and economic risks associated with such an initiative.
💔 Dudley acknowledged that while Bitcoin has some positive attributes—such as its ability to be transferred without relying on traditional financial intermediaries and its potential for portfolio diversification—the creation of a federal Bitcoin reserve could lead to skyrocketing prices that would benefit current Bitcoin holders at the expense of the broader economy.
Bitcoin has some positive attributes,
It can be transferred to anyone, anywhere without relying on government-regulated banks or other traditional financial intermediaries. And adding it to a portfolio of stocks and bonds might provide some diversification benefit.
Financing Bitcoin purchases through debt or money creation would either increase the national debt or exacerbate inflation,
Instead of pursuing a Bitcoin reserve,
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❗️News: COCA wallet (700k active users) launched web3-card without commissions
COCA Wallet - telegram/mobile MPC wallet with the ability to issue crypto-card and payment in stores
COCA in the telegram channel @coca_wallet made important announcements:
• Launching cryptocurrencies with 0% fees (swap/service/payment) for all new users by the end of December
• Access to 13+ cross-chain swaps within the wallet without fees
• Today, the long-awaited listing $COCA will take place and launch of cashback program for every purchase from the card
Use the wallet in Telegram & only for my subscribers - welcome bonus for registration 10$ (up to 10.12)
Yooo guys, I used the DYOR platform for a couple of days now. The team has worked hard to launch it and it's very good. It is also supported by big time KOLs and infrastructure partners. Real project!!
DYOR is the only all-in-one platform. It has a first of its kind token management platform for issuers, trading via its own native dex, charting and advanced analytics tools! They are adding a ton of new features weekly. So try the platform yourself!
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So be ready for TOMORROW and always remember DYOR!
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X: https://x.com/DyorLabs_
💬: @dyor_labs
🚀 Bitwise Asset Management's Bold Move: ETP Listing for Crypto Index Fund
🆕 Bitwise Asset Management has filed to list its Bitwise 10 Crypto Index Fund (BITW) as an exchange-traded product (ETP) on NYSE Arca. This significant step could transform the fund, which currently trades on the OTCQX Best Market and provides access to the ten largest cryptocurrencies by market cap, including bitcoin (BTC), ethereum (ETH), solana (SOL), cardano (ADA), and bitcoin cash (BCH).
🔄 The transition to an ETP structure aims to enhance efficiency and investor protections through continuous share creation and redemption mechanisms aligned with net asset value (NAV). The fund tracks the Bitwise 10 Large Cap Crypto Index, which is rebalanced monthly and uses a strict, rules-based approach to eliminate assets with risks like regulatory uncertainty or low trading volume. Bitcoin and ethereum make up over 90% of the fund's weight.
➡️ If approved by the SEC, the ETP will comply with NYSE Arca’s Rule 8.800-E on investment interests based on commodities and digital assets. This setup is expected to improve price accuracy relative to NAV through an arbitrage mechanism. Bitwise’s filing underscores its commitment to expanding crypto investment opportunities and providing clearer regulatory structures.
🔍 Bitwise CEO Hunter Horsley emphasized the ETP format's potential to make cryptocurrency investments more accessible and streamlined. However, the plan depends on SEC approval, as similar proposals have faced challenges due to concerns about market manipulation and insufficient oversight. Yet, the increasing institutional adoption of cryptocurrencies strengthens the case for regulated products.
📈 As regulators consider the proposal, Bitwise’s initiative reflects the growing demand for regulated access to cryptocurrencies through the ETP vehicle. This move represents another step in navigating the evolving landscape of crypto investments while addressing investor needs and concerns.
➡️ Russia's Trade Resilience Amid Western Sanctions
💪 Russia's foreign trade is showing resilience against Western sanctions, with increasing imports and projected economic growth that surpasses stagnating Western economies. Russian Finance Minister Anton Siluanov stated in an interview that despite the restrictions, Russia's trade dynamics remain strong.
Russia’s trade turnover has been increasing, improving recently. Imports have grown in recent months,
Despite all restrictions, the participants of foreign trade transactions, foreign trade activities will still find possibilities to pay for supplied or acquired goods.
All restrictions that Western countries impose affect themselves in the first place.
payments and the creation of depository links,
creating insurance and reinsurance in foreign trade.
🚨 Big News for Crypto Security
Forta, the pioneers of blockchain threat detection, are launching Forta Firewall—a revolutionary solution that PREVENT on-chain hacks for DeFi and Rollups (L2s).
🔒 What Makes Forta Firewall Different?
- Advanced AI with 99.9% detection rate in hack detection and prevention.
- Proven security for projects like Euler (DeFi), Plume (RWA), Balmy (DeFi), Compound (DeFi), Lido (Staking).
🔥 Why $FORT Matters
- $FORT fuels Forta Firewall’s new chain and secures the network.
- Stake $FORT to earn rewards.
- Backed by Coinbase Ventures, a16z, OpenZeppelin, and others.
🌍 Why Now?
With growing on-chain activity, security is critical.
Forta leads the Web3 security narrative, a sector poised for massive growth like Web2 cybersecurity’s $500B+ market cap.
💎 $FORT is listed on major exchanges like Coinbase, Binance US, KuCoin, and more.
- 📰 Official Announcement
- 🌐 Forta Website
- 📈 Forta Token
📈 Goldman Sachs Boosts Bitcoin ETF Holdings Amid Rising Institutional Interest
📊 Goldman Sachs has significantly increased its bitcoin ETF holdings, reflecting a growing interest from institutional investors in the cryptocurrency. According to the U.S. Securities and Exchange Commission’s (SEC) 13F report for Q3, which ended on September 30, the bank now holds $710 million in cryptocurrency assets.
Goldman Sachs has expanded its holdings across a portfolio of bitcoin ETFs,
Due to this rise in bitcoin holdings, Goldman Sachs is now the second-largest IBIT investor,
💰 Arthur Hayes Predicts Bitcoin Could Reach $1 Million Amid US Economic Shifts
🚀 Arthur Hayes, co-founder of Bitmex, forecasts that bitcoin could soar to $1 million due to President Trump's expansive credit policies. In a recent blog post, he argued that the Trump administration is likely to inject trillions into the economy to support domestic industries. This credit creation is expected to lead to inflation, devaluing the dollar and driving investors towards alternative assets like bitcoin.
📈 Hayes outlined his investment strategy, stating,
Obviously, the hierarchy of my portfolio starts with bitcoin, other cryptos, and crypto-related company equity, then gold held in a vault, and finally, stonks.
This is how bitcoin goes to $1 million.
Get long, and stay long
we can expect that bitcoin and crypto will perform as well, if not better, than they did from March 2020 until November 2021.
The real question is, how much credit will be created?
➡️ 2024 U.S. Election: Impact on Crypto Markets
📊 In its recent report, Coin Metrics investigates the potential influence of the 2024 U.S. presidential election on cryptocurrency markets, particularly focusing on bitcoin (BTC). The report notes that bitcoin has historically experienced price increases after previous elections, although the magnitude of these gains has decreased over time.
📈 The authors, Tanay Ved and Matías Andrade Cabieses, point out that these price shifts often align with Bitcoin halving events and significant Federal Reserve policy changes. This combination of events can reduce market uncertainty and foster bullish sentiment. They observe that bitcoin's realized volatility tends to rise around election periods, remaining elevated for about 30 days after the election.
Bitcoin’s realized volatility has historically increased around U.S. elections, typically remaining elevated for approximately 30 days post-election.
🎃 Unlock SEED’s Spooky Codes If You Dare! 👻
This Halloween, SEED YouTube has more than just videos – it’s full of spooky surprises! 🤯 Each video hides a secret code, waiting to be spotted by watchful Seedizens.
ℹ️ Keep a close eye on every second, and you’ll see letters pop up on screen. Once you've cracked the code, enter it in the ▶️ Academy Section ▶️ and enjoy your rewards!
So, Seedizens, get ready to jump into the videos and search for these hidden letters. You never know what rewards are waiting! 🌈
☠️ Here’s a hint: the more codes you collect, the more rewards you earn!
🚫 The Federal Reserve's Stance on Bitcoin: Legal Constraints and Market Dynamics
🗣️ Federal Reserve Chair Jerome Powell has firmly rejected the notion of the Fed holding bitcoin, citing legal restrictions amidst rapidly changing U.S. crypto policies and market dynamics. During a press conference following a rate cut, Powell addressed a question regarding the U.S. government's potential bitcoin reserve. He stated,
We’re not allowed to own bitcoin. The Federal Reserve Act says what we can own, and we’re not looking for a law change.
not really useful as a store of value
🧰 SEED is getting closer to listing, and the biggest airdrop ever is waiting for you.
You’re ready, holding your SEED Birds NFT, but the mystery remains:
❓ What’s the plan after TGE?
❓ How will your NFTs truly shine?
🥸 The answers you seek are hidden within this video. All you need to do is watch until the very end. 🐧🦜🦉🦅🦅
🌎 SEEDMon - The New Era Trailer 🌎
🌊 Breaking News for Crypto Enthusiasts!
The Waterfall Network @waterfall_network has raised $11.6M USD from Bolt's Capital, Alpha Token Capital and Enflux, making Waterfall a leader as the most scalable and decentralized Layer 1 EVM network! 🚀
Learn more: https://www.ibtimes.com/waterfall-network-raises-116m-most-scalable-decentralized-evm-compatible-layer-1-network-3755124
Why join Waterfall now?:
🔹 $WATER has become the most scalable EVM-based smart contract platform, outperforming both $SOL and $APT in TPS, reaching 12,778 TPS on its mainnet.
🔸 Ranked 3rd in number of active validators among Proof-of-Stake platforms (as of Aug 17).
🔹 Already boasts 9,017 validators, showcasing its strength.
🔸 Join staking with an APR OF 113%—more validators mean lower APR!
Run a node - Contribute to Network security - earn $WATER rewards 🌐
📝 Choose your staking method: https://waterfall.network/use-waterfall/stake-water
💧 How to Get $WATER:
- on Gate.io
- on MEXC
For more updates, check out Waterfall Network:
Website | Discord | Twitter | Telegram
📈 XRP's Trading Performance: A Balancing Act Between Bullish Momentum and Corrections
📊 XRP is currently trading at $2.56, reflecting a struggle between bullish momentum and short-term corrections. The 1-hour chart shows an intraday price swing between $2.46 and $2.621, driven by significant buying and selling activity. However, profit-taking led to a pullback, stabilizing the price at $2.55, which now serves as a tentative support zone. The relative strength index (RSI) stands at 73.96, indicating overbought conditions and potentially signaling a cooling-off period.
📉 On the 4-hour chart, XRP has been recovering steadily from a local low of $2.178, following a retracement from its recent high of $2.91. While the recovery appears consistent, the slowing upward momentum is evident in smaller movements forming near the $2.55–$2.60 range. A tapering volume trend further reflects market indecision. Traders should monitor XRP’s price action closely; a break above $2.60 with increasing volume could indicate a continuation of the uptrend, while a breach below $2.50 might trigger a retest of the $2.35–$2.40 support range.
📈 The daily chart highlights a strong bullish rally that started near $0.49 in early November, peaking at $2.91. This rally has since entered a natural correction phase, with XRP finding stability above the $2.50 range. This critical level has been pivotal for maintaining the broader uptrend. However, diminishing volume following the peak indicates waning enthusiasm among both XRP buyers and sellers. A daily close above $2.60 with rising volume could renew bullish momentum, targeting the $2.75–$2.91 range or possibly higher. Conversely, a break below $2.50 may suggest a deeper correction toward $2.20.
📊 Oscillator and moving average data further support the bullish narrative, albeit with caution. Following last week’s XRP price drop, traders are on edge. While the Stochastic oscillator (77.13) and commodity channel index (CCI) at 97.41 remain neutral, the MACD’s positive value aligns with upward momentum. Additionally, all of XRP’s key moving averages signal strong and positive conditions, showcasing long-term optimism.
🟢 In conclusion, XRP’s technical indicators strongly favor a bullish continuation, provided key support levels hold firm. A breakout above $2.60, accompanied by rising volume, could propel the price toward its recent high of $2.91. However, despite XRP’s bullish momentum, overbought signals from the RSI and waning volume after the recent peak suggest high caution. A decisive break below $2.50 could unravel the recent uptrend, potentially driving the price toward the $2.20 range.
🚨 Red Alert For Pi Network Price As A Risky Pattern Forms ⚠️
Explore why the Pi Network price could continue falling after forming a bearish pennant chart pattern on the daily chart
👉 Read more
📉 XRP's Recent Performance: A Closer Look
📊 On December 3rd, XRP, the native cryptocurrency of the XRP Ledger (XRPL), experienced a 4.9% decline in price, settling at $2.54 per coin. Despite this drop, XRP has demonstrated remarkable growth, increasing by 81% this week and an impressive 354.62% over the past three months.
🚀 Originally launched in 2012 by Chris Larsen and Jed McCaleb, XRP was initially associated with the Ripple payment network before transitioning to the XRP Ledger. As one of the oldest cryptocurrencies, it remains a significant player in the crypto market, consistently ranking as the third-most traded crypto asset after tether (USDT) and bitcoin (BTC).
🔄 The XRP Ledger distinguishes itself with its unique consensus algorithm, the XRP Ledger Consensus Protocol. Unlike traditional proof-of-work (PoW) or proof-of-stake (PoS) systems, XRPL transactions are validated by a network of independent validators who reach consensus every three to five seconds without the need for mining.
📈 XRP's recent surge can be attributed to three main factors: optimism regarding potential legal outcomes with the upcoming Trump administration, increased institutional interest, and its entry into a bullish market phase. These factors have boosted XRP's value and market capitalization, solidifying its position as the third-largest cryptocurrency.
💰 Currently, XRP's market capitalization stands at $145 billion, with a fully diluted valuation of $255.62 billion. Over the past 24 hours, XRP saw a global trading volume of $45.61 billion, with South Korea’s Upbit exchange contributing $26.73 billion. Notably, XRP was the most-traded asset on Upbit during this period, accounting for $7.61 billion of its activity.
🌍 Globally, the South Korean won is XRP’s second-most traded pair after tether (USDT). The recent price movements highlight the speculative nature of XRP's rally, driven by legal uncertainties and institutional interest. Currently, XRP represents 4.15% of the $3.51 trillion crypto market economy but remains 25% below its all-time high of $3.40 per coin reached on January 7, 2018.
❓ While XRP's trading volumes and market cap indicate heightened activity, questions about its long-term stability persist. Are these gains supported by sustainable factors or driven by short-term market sentiment? The significant trading concentration on South Korea’s Upbit suggests either strong regional interest or speculative momentum, leaving the future trajectory of XRP's market open to interpretation.
🎄 Moonlit Christmas — End 2024 On The Moon with SEED! 🌙
🎅 Chill vibes, big rewards, no more star store. This final event is all about thanks and giving for all Seedizens who’ve been with us through this incredible journey.
From tomorrow until the mining phase ends, just chill and enjoy:
⚡️ x2 Mining Speed
🦜 x2 Hunting Rewards
🎯 x2 Mission Earnings
🎁 Random SEED drop in Happy Hour
We know you’re counting the seconds, dreaming of big airdrop. What can we say? It’s your final chance to boost your SEED balance.
🎶 No stress, no rush, be a chill Seedizen and let’s end this year on the brightest note together! 🚀
I'm just a chill Seedizen 🤟
💰 Robert Kiyosaki Predicts Bitcoin Surge: Urges Investors to Act Now
🚀 Robert Kiyosaki, the author of Rich Dad Poor Dad, has issued a stark warning to investors: Bitcoin is on the verge of surpassing $100,000. He emphasizes the urgency for investors to buy now before the middle class is permanently priced out by the ultra-rich.
📉 In a recent post on social media platform X, Kiyosaki stated,
Once bitcoin passes $100,000, it will be almost impossible for the poor and middle class to catch up.
Once bitcoin breaks $100,000, ONLY the ultra-rich such as corporations, banks, and sovereign wealth funds will be able to afford bitcoin of any consequence.
Who cares if you like gold, silver, or bitcoin? I care. If you do not know which to own … just buy one gold coin, or one silver coin, or one bitcoin satoshi.
Buy one then set a goal of how many coins you will buy every month.
You may not get rich quick … but I promise you this … regardless of what coin you choose … gold, silver, or bitcoin … the first thing that will happen to you is you will get smarter and your financial wealth will grow as your financial wisdom grows.
Please stop listening to PhDs, choose one coin, gold, silver, or bitcoin … set a monthly goal … and get richer.
Please take care of your money because our government leaders are stealing our wealth via our fake money.Читать полностью…
➡️ Bitcoin's Price Surge: U.S. Premiums vs. South Korean Discounts
📈 Last week, the cryptocurrency market was highly active, with Bitcoin reaching a new all-time high of $99,800 per coin on Thursday. Interestingly, during this time, the Coinbase premium increased while South Korea experienced a discount in BTC prices.
💰 On November 21, 2024, Bitcoin peaked at $99,800 but fell to $95,796 by Sunday afternoon. This volatility led to the liquidation of cryptocurrency derivatives worth $472.69 million, affecting 186,320 traders. Data from cryptoquant indicates that the Coinbase premium index has been positive since November 3, suggesting strong buying interest among U.S. investors, often driven by institutional participation. In contrast, the Korea Premium Index (KPI), or "Kimchi Premium," has been at a discount since November 20, showing a 0.85% discount by November 22.
📉 A negative KPI indicates that cryptocurrencies are priced lower on South Korean exchanges, implying reduced demand or increased selling activity from local traders. On Sunday at 3:45 p.m. Eastern Time, BTC was trading globally at $96,776, while on South Korea’s Upbit exchange, it was priced at $95,125 per coin, reflecting a 1.7% discount compared to the international rate.
🌍 These contrasting trends highlight different regional attitudes towards Bitcoin as it reaches new price highs. U.S. investors seem to be driving demand, while South Korean traders appear to be offloading their holdings or losing interest, leading to lower local prices. This situation illustrates how regional factors can influence the global crypto market during price discovery. By 5:10 p.m. Eastern Time in the U.S., BTC rose to $97,376 per coin, and on Upbit, it was $96,241.
🚨 Breaking News in Blockchain 🚨
@waterfall_network has emerged as the most scalable EVM-based smart contract platform, outperforming both Solana and Aptos. 🚀
The platform recently set a new record with 12,778 transactions per second (TPS) by conducting 3 tests and generating over 1,000,000 transactions. Notably, these results were independently verified by Chainspect (https://chainspect.app/chain/waterfall), a top-tier blockchain analytics provider.
What Makes Waterfall Network a Game-Changer?
🔹 Highly Scalable: Built to support diverse applications and use cases.
🔹 Unparalleled Decentralization: A unique consensus mechanism enabling millions of validators.
🔹 Broad Accessibility: Operates on low-cost hardware, making it inclusive for all.
🔹 Cost-Efficiency: Ultra-low transaction fees for an enhanced user experience.
The media is taking notice:
📌 Read the full story on GlobeNewswire
💧 How to Get $WATER:
- on Gate.io
- on MEXC
For more updates, check out Waterfall Network:
Website | Discord | Twitter | Telegram
💰 Majority Predict Bitcoin Will Surpass $100K by Year-End in Michael Saylor's Poll
📊 Michael Saylor, Executive Chairman of Microstrategy, recently conducted a poll on social media platform X regarding Bitcoin's future. The question posed was,
Will Bitcoin break $100K by New Year’s Eve?
All of our investors tell me, they want me to buy more bitcoin. They want me to raise capital to buy bitcoin.Читать полностью…
😍 SEED x OKX 🪙: The 1st NFT Collection of a TON project!
📣 Historic Milestone: We proudly introduces the 1st TON NFT Collection, supported by OKX Wallet! Seamlessly trade and enjoy an enhanced NFT experience like never before.
🥁 To celebrate it, here is a chance for you to earn a share of 1M SEED and enjoy free mint with OKX Wallet in @seed_coin_bot. Owning a Bird NFT will also boost your SEED airdrop bonus.
🔗 FULL GUIDELINE
🛡 Crypto CEO's Abduction Highlights Security Risks for High-Profile Holders
🚨 The recent abduction of Dean Skurka, CEO of Toronto-based cryptocurrency firm Wonderfi, has shed light on the significant security risks faced by high-profile crypto holders. Skurka was kidnapped during rush hour in a busy area of Toronto and was later released unharmed after a $1 million ransom was paid electronically.
Client funds and data remain safe, and were not impacted by this incident,
As the price goes up, more awareness of the space permeates throughout society, and as a result, more criminally minded people decide they want to try to figure out what the ROI of executing a physical attack against a known crypto holder is,
The average crypto person, even early adopters who may be multi-millionaires, tend not to have really great physical security, and often they don’t have great operational security or privacy.
This particular incident is not something that many people have to worry about unless they’re a high-profile figure,
💰 UBS Launches First Tokenized Fund in Asia
🌐 UBS Asset Management has announced the launch of its inaugural tokenized investment fund, the “UBS USD Money Market Investment Fund Token” (UMINT), in Singapore. This marks a significant step for UBS, a global leader in wealth management, as it ventures into the realm of digital assets by utilizing Ethereum's blockchain technology.
💼 The UMINT fund is designed to provide institutional-level cash management for its token holders through conservative investments in high-quality money market instruments. UBS describes this fund as a money market investment that will be accessible through authorized distribution partners.
🔗 This launch is part of UBS's broader strategy towards tokenization, which has seen considerable progress over the past year. In October 2023, UBS participated in a pilot for a tokenized Variable Capital Company (VCC) fund under Singapore’s Project Guardian. The bank has also expanded its tokenization efforts with the UBS Tokenize platform, which initially focuses on bonds, funds, and structured products. Notable recent initiatives include issuing CNH 200 million in digital structured notes in June 2023 and completing the first cross-border repurchase transaction using a natively issued digital bond on a public blockchain in November 2023.
🗣 Thomas Kaegi, co-head of UBS Asset Management APAC, emphasized that the launch of the UMINT fund is a response to the increasing demand for digital investment assets. He stated,
We have seen growing investor appetite for tokenized financial assets across asset classes.
Through leveraging our global capabilities and collaborating with peers and regulators, we can now provide clients with an innovative solution.
🚀 Dogecoin Price Forecast: Musk's Influence Amid US Elections
🗓 With just 5 days left until the US Election, Elon Musk has reignited the meme coin market as the 'Dogefather' CEO of DOGE. This surge coincides with a significant pre-election rally in crypto markets, where Bitcoin is nearing a new all-time high after surpassing $72,000 this week, driven by institutional investments.
📈 Prominent crypto traders are supporting this emerging trend, noting a strong low-time-frame image of three consecutive 'falling wedge' patterns followed by breakout moves. This analysis boosts DOGE holder confidence as the coin appears poised to continue its upward trajectory, especially with Musk drawing attention to it during a pivotal moment in the Presidential race.
🤔 Amidst one of the most intense US Election campaigns, Elon Musk has publicly backed Donald Trump for the White House, even being offered a position in a pro-Bitcoin Trump administration. His campaigning efforts are focused on key swing states like Pennsylvania, with hype surrounding his alleged role as the CEO of D.O.G.E – the Department of Government Efficiency.
➡️ On October 28, Musk tweeted a Dogecoin meme on X, sparking excitement that led to a breakout from its falling wedge pattern. In the following 24 hours, DOGE price surged, achieving a 7-day gain of 21.9% and driving a broader rally in the meme coin market.
📊 Currently, DOGE is trading at $0.16 (with a 24-hour change of -3.74%). After a dramatic +25% climb since Monday, the price is experiencing a localized retracement as bulls aim to consolidate their hard-fought gains.