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SEC Approves 2 Crypto ETFs, Opening New Doors for Retail Investors

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  • The SEC has approved two Bitcoin and Ether ETFs, making it easier for retail investors to gain exposure to these major cryptocurrencies through traditional brokerage accounts.
  • After years of rejections, the SEC’s approval of these ETFs is a significant milestone for the cryptocurrency industry.
  • The approval of these ETFs could lead to increased institutional and retail investment in cryptocurrencies, potentially driving further market growth.

In a significant move for the cryptocurrency industry, the Securities and Exchange Commission (SEC) has greenlighted two Bitcoin and Ether exchange-traded funds (ETFs). The Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF will soon be available to retail investors, providing a regulated and accessible way to invest in these major cryptocurrencies.  

Notably, the SEC’s move comes after years of deliberation and several rejections of Bitcoin ETF proposals. This approval is seen as game-changer, potentially leading to increased institutional and retail adoption of cryptocurrencies.  

It needs to be noted that the SEC approved both the Hashdex Nasdaq Crypto Index US ETF and the Franklin Crypto Index ETF. t solutions. The Hashdex Nasdaq Crypto Index US ETF will track a rules-based index that invests in Bitcoin and Ether.  

On the other hand, the Franklin Crypto Index ETF, a series of the Franklin Crypto Trust, will track a rules-based index that invests in Bitcoin and Ether.

Both ETFs will initially hold Bitcoin and Ether, offering exposure to the two largest cryptocurrencies by market capitalization. These ETFs will provide retail investors with a regulated and convenient way to invest in cryptocurrencies through traditional brokerage accounts. The approval of these ETFs could lead to increased institutional and retail investment in cryptocurrencies, potentially driving further market growth.

SEC Move: What Does It Means For Investors

With the approval of these ETFs, investors can now access this top cryptocurrencies via a familiar and regulated investment vehicle. This could reduce barriers to entry for many investors who may have previously been hesitant to invest directly in cryptocurrencies due to concerns about volatility and security.  

Looking ahead, the approval of these two ETFs is likely to pave the way for the approval of additional crypto ETFs. This could further expand investment options for investors and contribute to the mainstream adoption of cryptocurrencies.

Trump’s Crypto Project Just Made Game-Changing Ethereum Deal

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  • Trump-backed DeFi initiative, WLF, joined hands with Ethereum-powered DeFi firm Ethena Labs to onboard sUSDe, a yield-bearing token.
  • WLF acquired $750 ENA tokens, expanding its crypto foothold deep into the space.
  • The DeFi platform gained traction since the former president returned to the White House in November.

Donald Trump’s backed World Liberty Financial (WLF), has partnered with Ethereum-based DeFi platform Ethena Labs. The move is aimed at exploring sUSDe integration into WLFI’s lending platform, bringing new opportunities for DeFi users worldwide.

The governance proposal includes adding sUSDe as a core collateral asset for WLFI’s upcoming Aave instance. If approved, WLFI users will receive sUSDe rewards and WLF token incentives. The two firms said on Wednesday that they are looking at “long-term collaboration,” which will kick off with an implementation of Ethena’s yield-bearing token, sUSDe.

“As a first step in the collaboration, Ethena and WLFI will explore the potential implementation of sUSDe as the first new token available as collateral on the WLFI protocol, backed by Aave” according to a statement. “Introducing sUSDe into WLFI’s forthcoming Aave instance … would enable the instance to benefit from the large TVL and user base of Ethena.”

World Liberty Financial’s governance will take a decision on the proposal this week.

Trump’s Firm Makes Bold Crypto Moves with $250K $ENA Buy

Donald Trump’s World Liberty Financial has bought 231,726 $ENA tokens for $250K $USDC following a partnership with @ethena_labs. Since November 30, the fledgling crypto initiative has spent $45M acquiring six crypto assets, including: 8,105 $ETH ($30M)102.9 $cbBTC,103.15 $WBTC ($10M) 78,387 $LINK ($2M) 6,137 $AAVE ($2M) 741,681 $ENA ($750K) 134,216 $ONDO ($250K).

Trump
Trump's Crypto Project Just Made Game-Changing Ethereum Deal 2

The strategic investments already reflect gains across assets, signaling confidence in crypto’s long-term potential. The DeFi platform appears to be gaining traction steam since the former president was elected to return to the White House in November. At the end of last month, World Liberty Financial appointed Tron founder Justin Sun as an advisor. That move followed HTX, the crypto exchange linked to Sun, investing $30 million in World Liberty.

Shiba Inu Whale Unloads $6M in Profit-Taking Spree

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  • A Shiba Inu whale capitalized on the recent market dip, selling 250 billion SHIB tokens for a profit of over $6 million.
  • Despite the recent sell-off, technical analysis suggests a bullish outlook for SHIB in 2025, with a potential peak near $0.0000998.
  • The whale’s strategic investment and profit-taking highlight the strong confidence of deep-pocketed investors in the long-term potential of cryptocurrencies like SHIB.

A Shiba Inu whale took advantage of the market dip and began offloading their holdings to net a profit of over $6 million. This shed light on how deep-pocketed investors are capitalizing on market corrections to accumulate more assets, signaling strong confidence in these digital currencies despite short-term price drops.

According to Lookonchain data, the anonymous whale initiated a series of transactions, transferring a staggering 250 billion Shiba Inu tokens to the cryptocurrency exchange Gemini. At the time of the sale, this amount was worth approximately $6.05 million.

Analyzing the data reveals a long-term investment strategy. The whale had initially bought 15.28 trillion SHIB tokens back on August 6, 2020, at a cost of just $3,800. As SHIB hit its all-time high in October 2021, the value of this initial investment skyrocketed to a staggering $1.22 billion.

Despite the recent sell-off, the whale still maintains a substantial SHIB holding. Their current balance stands at 2.15 trillion SHIB tokens, which, at the current market price, is worth approximately $52.18 million. In total, the whale has realized a profit of over $109 million from their SHIB investment.

Shiba Inu (SHIB) Price Outlook: A Potential 2025 Target

While the exact reasons behind the whale’s actions remain unclear, a sell-off of such magnitude has sparked discussions within the crypto community. Some analysts speculate that it could be a profit-taking move, as SHIB has seen significant price appreciation in recent months. Others suggest that it might be a strategic decision to diversify their portfolio.

With SHIB’s price experiencing a slight dip, the overall market sentiment for the meme coin remains positive, with many investors still bullish on its long-term potential.

Shiba Inu
Source: InvestingHaven

Despite the market volatility, technical analysis suggests Shiba Inu is poised for potential growth in 2025. The 7-day chart reveals a bullish outlook, with a potential peak near $0.0000998. However, the road to this target may not be smooth, with potential dips as low as $0.0000234.

This projected price range aligns with broader cryptocurrency market trends. SHIB investors may need to exercise patience, as the market could experience volatility.

Cardano’s Parabolic Breakout Ignites Bullish Frenzy

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  • Cardano (ADA) has broken above a parabolic trendline on its daily chart.
  • This bullish breakout suggests a potential shift in momentum and could lead to a significant price surge.
  • Traders are now eyeing higher resistance levels as potential price targets.

Cardano has decisively broken out of above a parabolic trendline, which is a strong technical indicator of an upward trend. This bullish breakout has ignited bullish momentum speculation among traders and analysts.

The ninth ranked token is on the verge of explosive growth after breaching the upper limit of a parabolic trendline on its daily chart. For context, the parabolic trendline is a key technical indicator that identifies strong upward trends. Notably, this metric has been guiding ADA’s price action for several months.

By breaking above this line, ADA has demonstrated a significant shift in momentum, suggesting that the bullish trend could reached new heights.

Cardano
Cardano's Parabolic Breakout Ignites Bullish Frenzy 5

Cardano’s Key Resistance In Focus

Market watchers are now eyeing the upper red lines on the chart as potential price targets for ADA. These lines represent higher levels of resistance that ADA may need to overcome to continue its upward trajectory. A successful break above these levels could open the door for a significant price discovery phase, where ADA could experience rapid and sustained growth.

However, it’s important to note that technical analysis is not an exact science, and there are no guarantees of future price movements. Several factors could influence ADA’s price action, including the overall market sentiment, regulatory developments, and the progress of Cardano’s development roadmap.

Despite these uncertainties, the recent breakout above the parabolic trendline has injected a dose of excitement into the ADA market. Traders and investors are closely monitoring ADA’s price action, anticipating a potential surge that could propel the cryptocurrency to new heights.

Solana Staking ETPs Arrive in Europe, US Launch Loom

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  • Bitwise has launched a Solana staking ETP in Europe, offering investors exposure to staking rewards.
  • The US currently prohibits staking rewards within ETFs, but this could change under potential regulatory shifts.
  • This move highlights the growing interest in SOL and the evolving landscape of cryptocurrency investing.

Bitwise has rolled out a Solana staking exchange-traded product (ETP) in Europe. Trading under the ticker BSOL, the ETP offers investors exposure to Solana staking rewards with an annualized return of 6.48%. Backed by Marinade, a leading SOL-based staking service provider, the offering marked a significant move for the cryptocurrency.

According to the announcement post, BSOL carries an optimal management fee of 0.85%. While the ETP will initially operate as a cash-settled product, Bitwise aims to transition it to a physically backed structure, allowing investors to directly own SOL tokens. This would make it a truly unique investment vehicle.

Solana

In Europe, SOL-linked ETFs have already made their mark. Platforms such as Euronext and Xetra facilitate the trading of these products, demonstrating a growing appetite for altcoin-focused funds.

Is the US Ready for Solana Staking ETPs?

Notably, this European launch comes a month after Bitwise applied for a Solana spot ETF in the United States. Unlike in Europe, offering staking rewards within ETFs is prohibited under the current securities laws in the US.

However, industry analysts believe this regulatory landscape could shift under the leadership of SEC Commissioner Paul Atkins. His potential influence could lay the groundwork for staking-inclusive ETFs in the US, a development that could significantly impact the SOL ecosystem.

Overall, Bitwise’s European SOL staking ETP provides a promising future for cryptocurrency investing. By offering a regulated and convenient way to participate in staking rewards, BSOL could attract a wider range of investors to the SOL network. This has also sparked optimism for similar products in the US, potentially unlocking new avenues for growth and adoption for Solana.

India’s Crypto Master Plan: A Global First?

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  • India is actively working towards a comprehensive regulatory framework for cryptocurrencies, balancing innovation and investor protection.
  • The nation’s G20 presidency has played a crucial role in shaping the global crypto regulatory landscape, leading to the adoption of key frameworks.
  • The appointment of former RBI Governor Raghuram Rajan to Ripple’s advisory board highlights growing institutional interest in crypto.

The Indian crypto scene might just level up as the latest sources indicate that the government is inching closer toward a comprehensive regulatory framework for Virtual Digital Assets (VDAs). In the recent parliamentary discussions, the government has doubled down on its commitment to balancing innovation with investor protection.

Under current regulations, VDA comes under the Prevention of Money Laundering Act (PMLA) since March 7, 2023. In terms of taxation, the Income Tax Tribunal has clarified that profits from cryptocurrency transactions are subject to capital gains tax. The Companies Act and other relevant regulations may be applicable to entities dealing with VDAs.

While the above are key considerations, the Indian government aims to curate a robust regulatory structure for VDAs that aligns with international standards. This would involve international cooperation to address the borderless nature of cryptocurrencies and prevent regulatory arbitrage.

India
Source: Crypto India

By establishing a clear regulatory framework, India aims to foster innovation while mitigating risks associated with cryptocurrency investments. The latest 2023 Global Crypto Adoption Index by Chainalysis shows that India is among the top five countries in terms of its estimated transaction volume of cryptocurrency. This move could significantly impact the future of the crypto industry in India and its global standing.

India’s G20 Leadership: A Catalyst for Global Crypto Regulation

India’s G20 presidency in 2023 has been instrumental in the adoption of the IMF-FSB Synthesis Paper and the G20 Roadmap on Crypto Assets. These frameworks provide a global blueprint for regulating cryptocurrencies, addressing concerns like investor protection and financial stability.

Although the nation has not yet established a specific timeline for a discussion paper outlining its regulatory stance, its active participation in international forums suggests a proactive approach to shaping the future of crypto regulation.

In a related development, former RBI Governor Raghuram Rajan has joined the Ripple Advisory Board. This appointment signals a growing interest from traditional finance institutions in the blockchain and cryptocurrency space.

Airbnb for GPUs? Solana’s DePIN Revolution Explained

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  • Render Network’s decentralized GPU infrastructure, powered by Solana, democratizes access to computing power for AI and 3D artists.
  • VanEck’s significant investment in Solana and its DePIN projects underscores the growing institutional interest in the platform.
  • A strong technical setup, including a falling wedge pattern, suggests the potential for a significant price increase for Solana.

The rise of Decentralized Physical Infrastructure Networks (DePIN) on Solana is one of 2024’s emerging trends. Platforms like Render Network and VanEck have been instrumental in making a significant impact on the tech landscape.

As AI gained traction, the demand for computing power has soared to new heights. Render Network, a pioneer in DePIN, has leveraged the Solana blockchain to create a decentralized GPU infrastructure. This innovative approach allows them to democratize access for AI developers and 3D artists globally.

One can gauge the immense potential by comparing it to Airbnb for computing power, where users can share their unused GPU resources to earn rewards, while others can access this power on demand.

VanEck Invests in DePIN, Fueling Solana’s Growth

Adding to the excitement, VanEck, a major investment fund manager, recently supported Solana’s DePIN project, DAWN. This massive investment of over $10 million shows their belief in the potential of DePIN. Notably, VanEck also invested in the smart contract platform earlier in 2024, contributing to a significant price increase. Rumors of a soon-to-launch SOL ETF from VanEck have further fueled optimism for the token’s future.

DePIN has been one of the promising trends utilizing blockchain technology to manage and incentivize the use of real-world infrastructure, such as computing power in this case. This has the potential to disrupt and improve several industries, offering a more efficient and accessible way to manage resources.

Solana Eyes Breakout Despite Market Doubt

On the price front, SOL has peaked, but technical analysis tells a different story. The fifth ranked token has formed a falling wedge (typically a bullish reversal pattern) near previous resistance-turned-support at $215. Recently confirmed as a solid support level, this setup indicates potential upside movement.

Solana
Source: Jelle

Analysts expect a breakout, with SOL likely to achieve new all-time highs before the year ends. Traders anticipate bullish momentum, driven by this strong technical structure. Despite doubts, Solana remains primed for further gains as it approaches a critical breakout level.

AAVE Soars: Trump’s DeFi Project Buys Millions

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  • AAVE has surged in value following significant investments from Trump’s World Liberty project and increased whale activity.
  • The token’s robust DeFi protocol, high TVL, and zero-emission status position it as a strong contender in the crypto market.
  • Industry analysts predict a significant price increase for AAVE, potentially reaching its all-time high and beyond, driven by factors like non-EVM deployments and innovative features.

AAVE is hogging the limelight for its recent price action. Together with strategic acquisitions by influential entities, the DeFi asset has attracted the market’s attention for its potential upside.

Known for innovative features and user-friendly interface, the protocol continues to expand its capabilities, and analysts predict that AAVE could surge to new heights. But what propelled its popularity is recent investments by Trump World Liberty (WLF), a crypto project backed by the Trump family.

As per Lookonchain, WLF bought nearly $1 million in AAVE on December 11. Shortly after the announcement, the token’s price increased by 31% in the past 24 hours. The move made by the major political figure’s DeFi initiative underscores its potential to revolutionize the financial landscape. This strategic acquisition sparked renewed interest in the token.

AAVE
AAVE Soars: Trump's DeFi Project Buys Millions 10

A recent data by Santiment showed that the “Mean Dollar Invested Age” of AAVE coins has dwindled substantially. This meant that large holders, or whales have been actively moving their long-term holdings back into circulation. This increased supply of the token has fueled buying pressure, driving the price higher.

AAVE’s Bright Future: Zero Emissions, High TVL

Additionally, the DeFi protocol is a cost-effective project with zero emissions and the highest TVL. With a robust $22 billion total value locked and a market capitalization of $5 billion, the token has proven its resilience and potential for long-term growth. Industry analysts predict a significant price increase for the asset, potentially reaching its all-time high of $665.69 and beyond.

Look at the current Trump Trades by worldlibertyfi : $AAVE is BACKBONE of the Presidential DeFI project. It is literally built on top of the DeFi protocol…but its the cheapest project w/zero emissions & the highest TVL. I’ve repeatedly commented that emerging markets are inefficient. This inefficiency wont last and I expect it to rapidly reprice to ATH ($665.69) and then enter price discovery in the coming months as people realize what they’ve been cooking with non-EVM deployments, Umbrella protocol for the token’s buy backs, AAVE mobile development.

In conclusion, AAVE presents an intriguing opportunity for investors seeking exposure to the growing DeFi sector. With its robust protocol, supportive community, and recent endorsement from a major political figure, the DeFi token has the potential to deliver substantial returns.

Dogecoin’s Volume Shelf is About to Ignite

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  • A significant “volume shelf” has formed on Dogecoin’s price chart, indicating potential upward price movement.
  • Dogecoin whales have been actively accumulating the token, further bolstering the bullish sentiment.
  • The combination of a growing volume shelf and whale accumulation suggests a potential upside launch for Dogecoin.

Dogecoin (DOGE) is the focus of attention as the token’s volume shelf builds up, signaling a potential price uptrend. The growing “volume shelf” on its 1-day price chart is a technical indicator that often precedes significant price movements. This development has sparked excitement and speculation about a potential upside launch for the popular meme coin.

The volume shelf is a zone where significant buying or selling pressure occurs at specific price levels. A large volume shelf indicate a high amount of buy orders, meaning a large number of traders are willing to purchase DOGE at those prices. When the token’s value breaks above a large volume shelf, it often triggers a buying frenzy as traders rush to capitalize on the upward momentum.

Dogecoin
Dogecoin's Volume Shelf is About to Ignite 12

Zooming out, the popular meme coin has been on a roller coaster ride marks by periods of consolidation and sideways movement. However, the emergence of the volume shelf suggests that a period of accumulation is on the horizon. As more buyers enter the market and accumulate DOGE at lower prices, the potential for a significant upward price move increases.

As the volume shelf continues to grow, traders and investors will be closely watching Dogecoin’s price action for any signs of a breakout. A successful break above the shelf could lead to a significant price rally, potentially propelling DOGE to new heights.

Dogecoin Whales Accumulate

This aligns with recent movements by Dogecoin whales. As reported earlier, DOGE whales have gobbled up large positions of 210 million DOGE tokens. This influx of funds during the recent price correction has sparked renewed interest in the popular meme coin.

Market analyst Ali noted that whales have taken advantage of the recent price dip to accumulate DOGE at a discounted price. On-chain data shows that a single whale address bought 100 million $DOGE in a single transaction. Additionally, multiple other whale addresses have been actively accumulating the coin, further solidifying the bullish sentiment surrounding DOGE.

Dogecoin’s recent price action and whale activity have ignited optimism among investors. The formation of a substantial volume shelf signals potential upward momentum. As the cryptocurrency market continues to evolve, Dogecoin’s future trajectory remains intriguing, with the potential for significant price appreciation.

SEC vs. Elon Musk: A 48-Hour Ultimatum

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  • SEC demands Musk settle charges within 48 hours or face legal action.
  • Musk’s lawyer accuses the regulator of a politically motivated harassment campaign.
  • Neuralink investigation reopened amid intensifying SEC scrutiny.

In an significant developement, SEC sent a settlement notice to Elon Musk demanding compliance within 48 hours. This comes as the regulator reopened an investigation into Musk’s brain-chip startup Neuralink. In response, Neuralink Musk’s lawyer Alex Spiro calls it harassment, further intensifying the clash.

The clash between billionaire Elon Musk and the U.S. Securities and Exchange Commission has took a new turn when the regulator watchdog issued a settlement demand requiring Musk to pay a monetary penalty within 48 hours or face numerous charges. The demand comes amidst the SEC’s renewed probe into Musk’s neurotechnology company, Neuralink.

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SEC vs. Elon Musk: A 48-Hour Ultimatum 14

In response, Musk’s lawyer, Alex Spiro, has called this a politically motivated campaign of harassment, citing years of the agency actions against Musk.

This demand follows a multi-year investigation and more than six years of harassment of Mr. Musk by the Commission and its staff… We demand to know who directed these actions – whether it was you or the White House. These tactics and misguided scheme will not intimidate us. We reserve all rights.

Addressing to SEC Chair Gary Gensler, Spiro in his letter, describes the demand as an “improperly motivated tactic.” Musk’s legal team further alleges that the regulator’s recent actions stem from directives by higher authorities and questions whether the White House was involved. The Wall Street regulator has also reopened an investigation into Neuralink, Musk’s neurotechnology venture, adding another layer to the ongoing feud.

Elon Musk Accuses SEC of Harassment Amid New Neuralink Probe

Musk, known for his blunt responses, reacted by questioning Gensler, “How could you do this to me?” His reaction highlights his frustration with what he believes as the SEC’s relentless pursuit.

The regulator’s focus on Musk has spanned years, covering issues from stock disclosures to his business activities. This latest conflict intensifies tensions, as Musk’s legal team vows to resist the agency’s actions. Spiro categorically refused the latter’s demand for testimony and declared that such tactics would not intimidate Musk or his associates.

With this week’s developments, the Musk-SEC battle showcases the broader friction between tech billionaires and regulatory bodies.