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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?
Crypto Czar: What Does David Sacks’ New White House Role Mean for the Market?

As Donald Trump prepares to take over the White House next year, expectation surrounding David Sacks’ role as US crypto czar grows.

BeInCrypto·2024/12/29 00:02
The Funding: Crypto VC Recap 2024
The Funding: Crypto VC Recap 2024

Quick Take This is an excerpt from the 18th edition of The Funding sent to our subscribers on Dec. 29. The Funding is a fortnightly newsletter written by Yogita Khatri, The Block’s longest-serving editorial member. To subscribe to the free newsletter, click here.

The Block·2024/12/28 16:00
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance
Charles Hoskinson Urges Cardano Foundation to Embrace Community-Driven Governance

Charles Hoskinson proposed Cardano Foundation transitions to a membership-based organization to empower users and address ecosystem challenges.

BeInCrypto·2024/12/28 14:00
Flash
  • 01:27
    Hong Kong stocks open with a 2.11% increase in a certain exchange
    According to Jinse Finance, at the opening of the Hong Kong stock market, the Hang Seng Index fell by 0.36% and the Tech Index dropped by 0.46%. Stablecoin-related stocks led the gains, with Guotai Junan International (01788.HK) rising 2.11%. (Jin10)
  • 01:21
    Ripple Announces Mercado Bitcoin to Tokenize $200 Million in RWAs on XRPLedger
    According to a report by Jinse Finance, Ripple issued a statement last Friday announcing that a certain exchange plans to tokenize $200 million worth of real-world assets (RWA) on the XRPLedger, including fixed income and equity assets. Silvio Pegado, Managing Director of Ripple Latin America, stated that this move demonstrates that public blockchain infrastructure is gaining institutional trust and is becoming a reliable technological foundation for regulated financial products.
  • 00:53
    CITIC Securities: The "Big and Beautiful" Act Poses Risks to U.S. Healthcare and New Energy Stocks
    Odaily Planet Daily reports: According to a research report by CITIC Securities, Trump has officially signed the "Outsized, Beautiful, and Bold" Act (OBBB), which covers a broad conservative political agenda and is expected to increase the cumulative government deficit by $3.4 trillion by 2034. Regarding the US Treasury market, the act further intensifies future US debt pressures, which is expected to push up the medium- to long-term yields on long-term US Treasuries. As for the US stock market, since late June, earnings expectations for US stocks have stabilized and rebounded. The OBBB Act is negative for US healthcare and new energy stocks, while sectors with more aligned valuations and earnings, such as technology, manufacturing benefiting from reindustrialization and policy support, upstream and midstream resources, and the nuclear power industry, are worth attention. In the US tech sector, the act is favorable for tech giants, AI, and semiconductor equipment. Regarding the energy industry, the act impacts new energy, though energy storage policies have been somewhat eased; it actively promotes the revival of traditional energy, making sectors like nuclear power worth watching. (Jin10)
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