Coinedition
The Digital Chamber of Commerce proposes a 90-day action plan for SEC reforms to support the crypto sector. Key proposals include rescinding the Hinman speech, SAB 121, and halting non-fraud-related enforcement actions. The plan seeks to establish clearer, innovation-friendly regulations for digital assets under the new administration.
CRV faces liquidation pressure, but stolen tokens complicate market evaluation. Bearish indicators suggest potential further declines for CRV in the short term. Long-term outlook remains optimistic, with CRV predicted to reach $1.75 by 2030.
El Salvador secured a $1.4 billion IMF loan by scaling back Bitcoin policies. Bitcoin is no longer mandatory for merchants and restricted to public sector use. The government reduces involvement in the Chivo wallet amid financial transparency reforms.
Trump’s limited time in office could trigger a crypto market dip in early 2025. Hayes predicts dollar devaluation via gold revaluation impacting global markets. Crypto market may dip short-term, but long-term growth remains optimistic for Bitcoin.
A Texas Bitcoin investor is sentenced for evading taxes on $4 million worth of Bitcoin gains. IRS warns crypto users to follow tax rules to avoid criminal charges and penalties. Roger Ver faces tax evasion charges over $48 million, highlighting global crypto tax issues.
Blur’s monthly token unlocks contribute to bearish market pressure and price decline. The price struggles at $0.35 resistance, with $0.32 support testing for stability. Momentum indicators suggest Blur is nearing oversold conditions but remains bearish.
Pudgy Penguins (PENGU) skyrocketed 502.50%, leading the market with $2.15B trading volume. Acet (ACT) and Peanut (PNUT) struggle, reflecting mixed sentiment in volatile markets. Secondary tokens like VANA and CULT face steep losses amid cautious trading activity.
Ethena (ENA) crashed a whopping 9.20% in the past 24 hours and trades at $1.7. A whale created a new wallet and bought a massive 5.29 million ENA tokens. The whale bought the tokens at an average price of $1.12 and is currently at a loss.
BIO will soon launch on the Solana blockchain, confirmed founder Paul Kohlhaas. As of November, the DeSci project has raised a massive $33 million. BIO Protocol will participate in the JP Morgan Healthcare Conference next month.
Meme coins like Dogecoin, Shiba Inu, and Pepe show mixed performance. Bitcoin reaches a new all-time high, trading at $107,487. The market outlook for meme coins remains uncertain, with the potential for further decline.
