Poki-Poki

BlackRock, one of the world's largest asset managers, is considering allocating up to 2% of its portfolio to Bitcoin. This move, reported by Bloomberg Terminal on December 12, highlights BlackRock's growing interest in cryptocurrency. It reflects a broader trend of traditional financial institutions integrating digital assets into their strategies. As institutional interest in digital currencies increases, BlackRock's endorsement could encourage other investors to explore similar paths. This strategic decision aims to diversify investments and take advantage of the rising acceptance of cryptocurrencies in the financial sector.

#Donald Trump, known for his support of Bitcoin and cryptocurrencies, launched his own crypto project, World Liberty Financial, during his election campaign. The project has been growing rapidly, with significant purchases of Ethereum (ETH), Chainlink (LINK), and AAVE.

The World Liberty Multisig wallet recently bought:
- 2,631 ETH for $10 million USDC at an average price of $3,801
- 41,335 LINK for $1 million USDC at an average price of $24.2
- 3,357 AAVE for $1 million USDC at an average price of $297.8

According to Arkham data, the World Liberty wallet holds approximately $74.9 million worth of cryptocurrency, including over $57 million worth of ETH, $10 million worth of Coinbase’s wrapped Bitcoin token CBBTC, $3 million worth of USDT, and various amounts of LINK, AAVE, and other altcoins. Experts say these were purchased with proceeds from the WLFI token sale.

market demand weakens and long-term holders begin selling, it's clear that the current trend is gradually weakening. This doesn't mean the market will immediately pull back; sometimes it may rise again due to market sentiment. My strategy involves starting a batch profit-taking plan, seizing multiple "selling points" in a bull market just as we find multiple "buying points" in a bear market.

There is no perfect trading system, and mistakes can happen. However, a good system aligns with personal risk preferences and profit expectations, has clear logic, is executable, and forms a closed loop. We can only make money within our understanding, and profits beyond that don't belong to us.

Italy has decided to scale back a proposed increase in taxes on cryptocurrency capital gains. Initially, the government planned to hike the tax from 26% to 42%. However, Italian MP Giulio Centemero and Deputy Undersecretary of the Ministry of Finance Federico Freni announced that this increase will be significantly reduced during parliamentary discussions. They highlighted concerns that such a steep tax hike could push crypto activities into the shadow economy and emphasized that there is no longer any prejudice against cryptocurrencies.

Ripple has received final approval from NYDFS for its RLUSD stablecoin, which could launch as soon as this month. After a long legal battle with the SEC, Ripple's native cryptocurrency, XRP, has become the fifth largest by market cap. Over the past month, XRP has surged over 200%, and Ripple has seen significant success globally, including collaborations with India and Russia on digital asset initiatives. The launch of RLUSD marks another milestone for Ripple Labs.

The cryptocurrency market is recovering after a sharp correction, with CRV and AAVE showing notable performance. Today, CRV gained 10% and AAVE gained 6%. Over the past month, CRV surged 323% to $1.21, and AAVE climbed 47% to $283.

CRV is testing a key resistance at $1.31, with potential further resistance at $1.60 and $2.66. AAVE is facing resistance between $270 and $297, with higher resistance at $349 and $460. Both tokens could see significant rallies if they break through these levels.

**Disclaimer:** This is for informational purposes only and not financial advice. Always conduct your own research before investing.

El Salvador, the first country to adopt Bitcoin as legal tender, is considering changes to its Bitcoin Law due to pressure from the International Monetary Fund (IMF). The country is negotiating a $1.3 billion loan deal with the IMF, which would require making Bitcoin acceptance voluntary for businesses instead of mandatory. This agreement is expected to be finalized in the next few weeks and may unlock additional funding from the World Bank and the Inter-American Development Bank. The IMF has long opposed El Salvador's Bitcoin adoption, citing financial stability risks.

Jetking Infotrain, a 77-year-old Indian company, has become the first publicly listed company in India to adopt the Bitcoin Treasury Strategy. The company's CEO, Avinash Bharwani, announced that they have added 12 Bitcoin (BTC) to their balance sheet, worth INR 10 crore, with a market cap of INR 37.8 crore. This move highlights growing business interest in Bitcoin, signaling a shift toward using cryptocurrency as a reserve asset.

Pepe, the frog-themed meme coin, has reached a market cap of over $11 billion, surpassing Uniswap’s UNI. Starting the year at $591 million, Pepe has seen an 18x increase. It's now among the top 20 cryptocurrencies, with a 16.8% gain in the last 24 hours and a 26% rise over the past week.

All 420 trillion Pepe tokens are in circulation, boosting its market activity. Its recent listing on Binance.US has further increased its popularity. Analysts predict Pepe's market cap could reach $15-$20 billion soon. However, it faces competition from new tokens like Wall Street Pepe, which raised $2.6 million in its presale and plans to launch in early 2025$PEPE

The NFT market had a strong week with increases in trading sales volume, market capitalization, and floor price values. The global NFT trading sales volume rose by 3% to $173 million, the highest since mid-November. This article will review the NFT market's performance over the past week.

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