Institutional investors continued their buying spree in digital assets, with inflows totaling $1.3 billion over five weeks, despite market weakness. Ethereum led the charge with $793 million in inflows, surpassing Bitcoin’s $407 million for the first time this year. The US accounted for the majority of inflows, totaling $1 billion, while other regions like Germany, Switzerland, and Canada contributed significantly as well.
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News from Germany
Generated 9 posts last week Remittix RTX Emerges as a Promising Alternative in Cross-Border Payments
Remittix (RTX) is emerging as a strong contender in the altcoin market, having raised over $11.2 million and sold 447 million tokens at $0.0539. Unlike Ethereum and Avalanche, which are struggling with recent price declines, Remittix focuses on affordable global transfers, appealing to families and small businesses. Its user-centric approach and potential for local partnerships position it as a promising alternative, drawing comparisons to XRP for its cross-border utility.
read moreSwiss Voters Reject Environmental Initiative Amid Growing Skepticism on Green Policies
Seven out of ten Swiss voters rejected the Young Greens’ environmental responsibility initiative, signaling a shift away from stringent CO₂ consumption limits. This reflects a broader trend in Europe, where green parties are losing influence as major nations prioritize their own energy policies. In Zurich, voters also denied a significant pay raise for local councillors, emphasizing a demand for fiscal responsibility amidst growing public discontent.
read moreTesla Defaced in Zurich Cooperative Amid Anti-Elon Musk Sentiment
In Zurich, a significant 53% voted against doubling the salaries of red-green municipal councillors, with only a few districts supporting the increase. Tensions have escalated in the Frohheim cooperative, where a Tesla was vandalized, reflecting a growing anti-Tesla sentiment among residents linked to broader political discontent. The defacers’ actions signal a rejection of both the electric vehicle and its association with figures like Elon Musk, amidst ongoing controversies surrounding his influence and business practices.
read moreSchwyz KB Leader Susanne Thellung Competes for Raiffeisen CEO Position
The race to succeed Heinz Huber as CEO of Raiffeisen Switzerland is heating up, with Susanne Thellung of Schwyzer Kantonalbank and interim CEO Christian Poerschke as the main contenders. Thellung’s application comes amid significant turmoil in her current bank’s Operations and IT departments, raising questions about her leadership during a crisis. Poerschke, who has been at the helm since Huber’s departure, faces scrutiny over his past role in Controlling during a controversial period under former CEO Pierin Vincenz.
read moreSwiss real estate market trends and investment strategies for sustainability
Swiss Prime Site Solutions (SPSS) has seen a resurgence in demand for real estate investments as institutional investors return to the market, driven by a favorable interest rate environment. The company has expanded significantly under CEO Anastasius Tschopp, growing from a team of three to over 130 employees and managing assets exceeding CHF 13 billion. SPSS is committed to sustainability, aiming for net-zero CO2 emissions by 2045-2050, while also focusing on qualitative and quantitative growth of its real estate funds.
read moreLeonteq CEO Faces Crisis Amid Scandal and Governance Concerns
Leonteq’s market capitalization has plummeted to 343 million, largely due to CEO Lukas Ruflin’s handling of a scandal involving opaque trades linked to Caribbean companies. Despite multiple profit warnings and regulatory fines, Ruflin plans to transition to the Board of Directors, raising concerns about governance, especially given his ties to law firm NKF, which reportedly receives millions from Leonteq. Ruflin and co-founder Sandro Dorigo also hold a majority stake in logistics startup Invoitix, where a fellow board member is also affiliated with Leonteq.
read moreSwiss Asset Management Industry Confident in Growth and Private Markets Potential
The asset management industry in Switzerland is optimistic about its future, with assets under management reaching €3.4 trillion by the end of 2023, outpacing Germany. The Association of Asset Managers anticipates significant growth in private markets and sustainable finance, despite challenges from passive investments and shrinking fees. AMAS aims to catch up with France’s €4.8 trillion in assets, leveraging opportunities in private equity and infrastructure as traditional banking channels become insufficient.
read moreUBS Tests Blockchain Technology for Enhanced Gold Investment Transactions
UBS is testing blockchain technology to enhance its gold investment services, specifically through a proof-of-concept with ZKsync that explores zero-knowledge rollups for improved scalability, privacy, and interoperability. The initiative focuses on UBS Key4 Gold, which allows retail investors to buy fractional shares of physical gold, and aims to integrate stablecoins with Ethereum to reduce costs. While the test was successful, UBS has not yet confirmed plans for a full implementation of layer-2 solutions in its financial products.
read moreTether Reports Record Profits and Expands US Treasury Holdings in 2024
Tether reported record profits of $13 billion in 2024, with its US Treasury portfolio reaching $113 billion, reflecting the growing popularity of its USD-pegged stablecoin, USDT. Despite a market cap dominance decline to 65%, USDT still holds 82% of the centralized exchange market share. The company is diversifying its investments into sectors like sustainable energy and AI, while also facing increased competition from USD Coin, which has gained traction amid regulatory scrutiny.
read moreKraken to Delist USDT and Other Stablecoins in EEA by March 2025
Kraken will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA) by March 31, 2025, to comply with MiCA regulations. The delisting process starts on February 13, 2025, with trading restrictions and automatic conversions of remaining holdings by the deadline. Users are encouraged to convert affected tokens to MiCA-compliant assets before the end of Q1 2025.
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