Ether fractals target $5K, Avalanche raises $250M Finance Redefined

As a seasoned researcher with over a decade of experience in the digital asset industry, I find myself constantly intrigued by the rapid pace of innovation and growth within this space. The latest developments, particularly the predicted rally of Ether above $5,000, have piqued my interest once again.

As a crypto investor, I’m excited about the potential rally of Ether, with analysts predicting it could surge past $5,000, a minimum target they’ve coined. They’re also anticipating a cycle top that could push Ether’s price above $15,000, making it an interesting opportunity for those investing in the world’s second-largest cryptocurrency.

40-plus businesses have collectively invested $250 million in Avalanche’s private token sale before the highly anticipated Avalanche9000 upgrade, which is said to be the most significant change ever made to the Avalanche layer-1 blockchain network.

Ether to $5,000 on fractals, BlackRock ETH ETF holdings 2x with $500 million buy

According to some technical analysis and predictions by experts, Ether might surge past $5,000 in value, with its upward trend potentially lasting until the year 2025.

There’s a possibility that the price of Ether (ETH) might soar beyond its previous record high of $5,000, mainly due to its link with Bitcoin (BTC). Notably, Bitcoin reached an unprecedented value of $100,000 for the first time on Dec. 5.

According to the fractal patterns suggested by well-known crypto analyst Titan of Crypto in a recent post on December 6, Ether reaching a record high of $5,000 could potentially be the lowest point of its rally.

When it comes to cryptocurrency trading, some traders employ the strategy of analyzing price fractal patterns to spot crucial support and resistance zones and possible trend changes by referring to past market behavior.

More and more experts are becoming optimistic about the cost of Ether, as certain forecasts suggest a “powerful surge” that could push its value up to $15,000 by the year 2025.

Avalanche raises $250 million ahead of Avalanche9000 launch

On December 12th, the Layer-1 blockchain Avalanche completed a private token sale worth $250 million, which was primarily headed by Galaxy Digital, Dragonfly, and ParaFi Capital.

Over forty businesses took part in the token offering, with participants such as SkyBridge, SCB Limited, Hivemind, Big Brain Holdings, Hypersphere, Lvna Capital, Republic Capital, Morgan Creek Digital, FinTech Collective, and numerous others joining the event.

The increase in salary occurs prior to the rollout of the Avalanche 9000 network update, which is claimed to be the largest upgrade in Avalanche’s entire history.

Telegram founder Pavel Durov questioned in Paris court for first time: Report

In a French court, Pavel Durov, the inventor of Telegram, faced questioning for the initial time about a legal dispute that accuses his messaging platform of enabling illegal activities.

At precisely 10:00 am Central European Time on December 6th, Durov made an appearance in a Parisian court, accompanied by his legal representatives David-Olivier Kaminski and Christophe Ingrain.

According to a confidential source who is knowledgeable about the situation, the investigation centered around accusations linked to possible illegal activities related to the use of Telegram.

As a researcher reporting events, I can share that when questioned about the ongoing legal matters, Durov is said to have expressed trust in the French judicial system, without providing further details regarding the specifics of the case.

Tether’s USDT approved as accepted virtual asset in Abu Dhabi

In simpler terms, the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) has approved Tether’s USDt (USDT) as a valid digital currency.

Given the necessary approval, authorized financial service providers based in the ADGM are now able to provide services involving USDT, aiming to seamlessly integrate it into regulated financial systems.

The recognition covers USDT issued on multiple blockchains — including Ethereum, Solana and Avalanche — and aligns with the United Arab Emirates’ strategy to become a global hub for digital finance.

Eigen Foundation commits 1% of EIGEN supply to ETH Protocol Guild

The Eigen Foundation has decided to assign 1% of the total EIGEN tokens to the Protocol Guild, a team of key developers who manage and upkeep the main Ethereum blockchain network.

As stated by the Eigen Foundation, these funds are intended to aid the ongoing activities of the Protocol Guild, a community consisting of 180 members spread across 29 different teams.

EigenLayer is a system for re-staking Ether (ETH) and other assets on the Ethereum network, enabling these assets to be staked more than once. This offers investors extra chances to earn returns, and it lets other protocols take advantage of Ethereum’s security by leveraging it.

DeFi market overview

Based on information from CryptoMoon Markets Pro and TradingView, it appears that the majority of the top 100 cryptocurrencies, as ranked by market cap, closed out their weekly performance in negative territory.

Among the top 100 cryptocurrencies, Worldcoin (WLD) experienced the largest drop, decreasing by approximately 22%, and EOS (EOS) token fell more than 21% in the weekly analysis, making it the second-largest decline.

Appreciate you going through our recap of the week’s significant advancements in Decentralized Finance (DeFi). Catch up with us next Friday for additional tales, perspectives, and educational content about this rapidly evolving sector.

2024-12-13 22:19