Solana (SOL) has recovered from its recent pullback, bouncing from a local bottom near $140 and forming an ascending triangle pattern. Analysts like Ali Martinez and CW highlight a potential 6% surge to $164 if SOL confirms its breakout, with further upside toward $180 or even $200. However, failure to hold current support could see a retest of $142 or $135. Market watchers note SOL’s breakout from a descending channel, with some predicting long-term targets like $300 if bullish momentum continues. A bullish megaphone pattern also suggests potential all-time high retests. Currently, SOL trades at $156, up 1.88% daily.
about Solana (SOL) Eyes $164 Amid Bullish BreakoutJeremy
0 posts last weekStablecoin Issuers Urged to Register in the US Amid Regulatory Changes
Circle CEO Jeremy Allaire insists that all US dollar-backed stablecoin issuers, regardless of their location, must register with US authorities to ensure consumer protection and market fairness. He argues that offshore firms targeting the US market should comply with US regulations.In related developments, US lawmakers have proposed a bill to establish a regulatory framework for stablecoins, while Tether faces increasing scrutiny and was excluded from the EU’s MiCA stablecoin list, impacting major exchanges like Kraken and Crypto.com.
about Stablecoin Issuers Urged to Register in the US Amid Regulatory ChangesRipple XRP Price Drops While Pi Network Surges Amid Market Volatility
Ripple’s XRP has dropped 10% amid a broader market collapse, raising concerns about the end of the bull cycle. In contrast, Pi Network’s token surged 250% in a week, fueled by speculation of a Binance listing. Meanwhile, meme coins like Dogecoin and Shiba Inu faced significant declines as the SEC’s recent statements increased investor caution. The ongoing lawsuit between Ripple and the SEC may influence XRP’s future, with some experts predicting a settlement rather than dismissal.
about Ripple XRP Price Drops While Pi Network Surges Amid Market VolatilityPotential Pause in Ripple SEC Lawsuit Amid Recent Developments
Former SEC employee John Reed Stark suggests that the SEC may soon pause its appeal against Ripple, influenced by recent agreements and internal changes within the agency. Attorney Jeremy Hogan believes the lawsuit’s resolution could occur before the approval of a spot XRP ETF, as firms like Grayscale and Bitwise prepare for such products.
about Potential Pause in Ripple SEC Lawsuit Amid Recent DevelopmentsCircle CEO Calls for Repeal of Crypto Regulations Under Trump Administration
Circle CEO Jeremy Allaire has urged the Trump administration to repeal the SEC’s Staff Accounting Bulletin (SAB) 121, which he claims hinders cryptocurrency adoption by classifying digital assets held for others as liabilities. Despite Congress’s attempt to repeal the regulation, it remains in place after a veto by President Biden. While the new administration has yet to announce any crypto-related actions, the industry remains hopeful for a more favorable regulatory environment.
about Circle CEO Calls for Repeal of Crypto Regulations Under Trump AdministrationCircle acquires Hashnote and partners with DRW to enhance USDC liquidity
Circle has acquired Hashnote, the issuer of the USYC token, and partnered with DRW Cumberland to enhance liquidity for USYC and USD Coin (USDC) in both crypto and traditional markets. This integration aims to position USYC as a leading yield-bearing collateral, while Circle also announced the issuance of native USDC on the Canton blockchain, which supports over $3.6 trillion in tokenized real-world assets. Despite USDC’s growth, it still trails behind Tether (USDT), which holds a market dominance with a supply of nearly $141 billion compared to USDC’s $44.6 billion.
about Circle acquires Hashnote and partners with DRW to enhance USDC liquidityCircle donates to Trump’s inaugural committee alongside major tech firms
Circle has donated 1 million USDC to President-elect Donald Trump’s inaugural committee, joining Ripple, Coinbase, and Kraken in support. The Trump-Vance Inaugural Committee aims to raise $150 million for inauguration events, with contributions already surpassing this goal. Trump’s inauguration is scheduled for January 20, 2025, at the US Capitol, and the incoming administration is expected to create a more favorable regulatory environment for crypto assets.
about Circle donates to Trump's inaugural committee alongside major tech firmsCoinbase Wins Stay in SEC Lawsuit Pending Second Circuit Ruling
A federal judge has granted Coinbase an interlocutory appeal in its lawsuit with the SEC, allowing the case to be paused until the Second Circuit clarifies whether an investment contract necessitates an actual contract. This decision is seen as a significant development in the legal landscape of cryptocurrency, as conflicting court rulings have emerged on this issue. Coinbase’s Chief Legal Officer expressed appreciation for the court’s decision, while the SEC has not commented on the matter. The SEC’s lawsuit accuses Coinbase of operating an unregistered securities exchange, and the agency has faced criticism for its enforcement approach under Chair Gary Gensler, who is set to leave office soon.
about Coinbase Wins Stay in SEC Lawsuit Pending Second Circuit RulingJeremy Grantham Warns of Major Stock Market Declines and Investment Strategies
Investing legend Jeremy Grantham warns of impending “cataclysmic declines” in stocks and shares. He outlines a strategy aimed at achieving “bonanza payoffs” for investors navigating the turbulent market ahead.
about Jeremy Grantham Warns of Major Stock Market Declines and Investment StrategiesUS Jobs Report Signals Slowing Growth Ahead of 2025 Market Outlook
US employers are expected to have added 160,000 jobs in December, indicating a steady but slowing labor market as the year closes. Projections suggest the unemployment rate will hold at 4.2%, with wage growth cooling, reflecting a resilient economy that is not fueling inflationary pressures. Strategists from various firms have differing estimates, with some predicting job gains as high as 180,000, while others anticipate a more modest increase.
about US Jobs Report Signals Slowing Growth Ahead of 2025 Market Outlook