Here are some of the latest updates in the crypto world:
*Market Updates*
- *Bitcoin*: Currently trading at$BTC
$63,000, with a 0.3% increase in the last 24 hours. Analysts predict a potential surge to $120,000 or even $200,000 next year.
- *Ethereum*: Surged 21% after the Pectra upgrade, its biggest daily gain since May 2021.
- *XRP*: Trading at $2.62, with a 2.66% increase in the last 24 hours. Analysts predict a potential price target of$BTC $33.
*Recent News*
- *World Liberty Financial*: Denies ties to $TRUMP memecoin firm amid concerns over potential government ethics violations.
- *Avenir*: Becomes Asia's largest Bitcoin ETF holder with $695 million in IBIT shares.
- *Solana*: Introduces Poofnew for no-code blockchain development, simplifying the process for developers.
- *KuCoin*: Adds DOOD and NXPC trading pairs to its Isolated Margin Platform and launches NXPC Fixed Promotion with 320% APR.
*Regulatory Developments*
- *SEC*: Warns against FOMO (fear of missing out) as crypto mania intensifies, emphasizing the importance of long-term strategies.
- *Fed's Bostic*: Predicts single rate cut in 2025 amid inflation concerns.
*Adoption and Partnerships*
- *Brazil's Méliuz*: Adds Bitcoin to its corporate treasury, spending $28.4 million to buy 274 BTC.
- *Alchemy*: Acquires Solana infrastructure provider DexterLab to expand beyond Ethereum.
- *Dubai and (link unavailable)*: Partner on crypto payments for government services ¹ ² ³.