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According to CoinDesk, the CoinDesk 20 Index experienced a notable increase, closing at 3744.31, which marks a 5.2% rise, equivalent to a gain of 185.86 points since 4 p.m. ET on Tuesday. This performance highlights a positive trend across all 20 assets included in the index. Leading the gains were RENDER, which surged by 13.5%, and ETC, which increased by 11.3%. These assets demonstrated significant upward momentum, contributing to the overall positive performance of the index. On the other hand, BTC and ETH, while still showing positive movement, recorded more modest gains of 2.4% and 2.6%, respectively. The CoinDesk 20 Index is a comprehensive market indicator that is traded on various platforms across multiple regions worldwide. This broad-based index provides a snapshot of the market's performance, reflecting the trends and movements of key digital assets. The recent uptick in the index underscores a period of growth and optimism within the digital asset market.

According to PANews, recent data from Coinglass reveals that the cryptocurrency market witnessed a significant liquidation event over the past 24 hours, totaling $475 million. This liquidation included $290 million in long positions and $185 million in short positions. Bitcoin (BTC) was notably affected, with a total liquidation amount of $89.20 million. Ethereum (ETH) also experienced substantial liquidations, amounting to $79.02 million. These figures highlight the volatility and rapid changes in the cryptocurrency market, impacting both long and short positions significantly. The data underscores the inherent risks associated with trading in the cryptocurrency market, where sudden price movements can lead to large-scale liquidations. Traders are advised to exercise caution and consider the potential for rapid market shifts when engaging in cryptocurrency trading.

According to Binance Market Data, Bitcoin (BTC) crossed the 100,000 USDT benchmark and is now trading at 100,000 USDT, with a 2.49% increase in 24 hours.

According to Odaily, decentralized task platform Bounty Bay announced on the X platform that Animoca Brands, a leader in the GameFi and blockchain sectors, has invested in the company. This strategic investment is set to pave the way for deeper collaboration between Bounty Bay and projects within the Animoca Brands ecosystem.

According to CoinMarketCap data, the global crypto market cap is $3.49T, a 0.07% decrease over the last day.Bitcoin (BTC) traded between $94,257 and $98,473 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $97,825, up by 0.41%.Most major cryptocurrencies by market cap are trading mixed. Market outperformers include ME, CTXC, and USUAL, up by 1611%, 42%, and 28%, respectively.Top stories of the day:Microsoft Shareholders Reject Bitcoin ProposalCME CF Introduces New York Reference Rate for PolkadotGoldman Sachs Predicts Bullish Gold Prices Amid Strong Dollar Royal Bank of Canada Predicts US CPI Annual Rate to Edge Up to 2.7% in NovemberU.S. November CPI Data May Signal Fed Rate Cut, Impacting Gold PricesTrump Leads Time's 2024 Person of The Year Predictions El Salvador and Argentina Collaborate on Crypto Regulation in Latin AmericaGoldman Sachs CEO Considers Entry into Bitcoin and Ethereum MarketsMicroStrategy Anticipated to Join Nasdaq-100 IndexDollar Strengthens as Markets Await Inflation DataMarket movers:ETH: $3690.21 (-1.50%)XRP: $2.329 (+5.04%)SOL: $221.11 (+1.90%)BNB: $684.31 (-1.79%)DOGE: $0.39457 (-3.92%)ADA: $1.0101 (-0.24%)TRX: $0.2721 (-0.40%)AVAX: $44.76 (-1.82%)SHIB: $0.0000273 (+0.89%)TON: $6.062 (+2.75%)

According to Odaily, spot gold prices have surged to $2700 per ounce, marking a two-week high. The precious metal experienced a 0.24% increase within the day. This rise in gold prices reflects ongoing market dynamics and investor sentiment, as gold continues to be a favored asset amid economic uncertainties. The increase highlights the metal's role as a safe haven for investors seeking stability in volatile markets.The recent uptick in gold prices can be attributed to various factors influencing the global economy. Investors often turn to gold as a hedge against inflation and currency fluctuations, which have been prevalent in recent times. The metal's performance is closely watched by market analysts and investors alike, as it provides insights into broader economic trends. As gold prices continue to fluctuate, market participants remain vigilant, assessing potential impacts on their investment strategies. 

According to Foresight News, data from DefiLlama indicates that the Bitcoin-backed stablecoin USDa, launched by Avalon Labs, has become the second-largest collateralized debt position (CDP) stablecoin project, following MakerDAO's DAI. USDa offers a 1:1 exchange rate with USDT and has a borrowing interest rate of 8%.Avalon Labs, a financial infrastructure platform focused on Bitcoin finance (BTCFi), has achieved a total value locked (TVL) exceeding $2 billion. The project gained recognition by winning the second round of the BNB incubation program and was successfully selected for the eighth season of the MVB8 accelerator program. 

According to Foresight News, Brazilian asset management firm Hashdex has announced the appointment of Mick McLaughlin, a former executive at BlackRock, as the head of U.S. distribution. This strategic move aims to enhance the company's presence in the U.S. market for its cryptocurrency exchange-traded fund (ETF) products and strengthen its sales team.McLaughlin brings a wealth of experience to Hashdex, having held executive roles at Bitwise, Deutsche Bank, and Barclays. His extensive background in the financial sector is expected to play a crucial role in expanding Hashdex's influence in the competitive U.S. market. McLaughlin expressed his enthusiasm for joining Hashdex, highlighting the company's commitment to advancing the global digital asset market through innovative products and investor education.Hashdex's focus on cryptocurrency asset management positions it uniquely in the rapidly evolving digital finance landscape. The firm's efforts to bolster its U.S. operations reflect a broader strategy to capitalize on the growing interest in digital assets among American investors. By leveraging McLaughlin's expertise, Hashdex aims to navigate the complexities of the U.S. financial market and establish itself as a leading player in the cryptocurrency ETF space.

According to Foresight News, the Al Launchpad CreatorBid, hosted on Base, announced that its planned public sale on December 9 at Fjord Foundry was disrupted by a DDoS attack and other system breaches, including circumvention of maximum purchase limits. As a result, the sale was unsuccessful. CreatorBid has committed to refunding all funds received during the sale to legitimate participants. The company plans to collaborate with KYC provider Fractal to conduct AML/KYC checks on participants' wallets to ensure that refunds are not issued to malicious actors. The team is currently assessing the next steps for launching the new token.In response to this situation, crypto investigator ZachXBT expressed concerns, stating, "I hope you are aware that Fractal leaked thousands of KYC details earlier this year. If you consider them trustworthy, it seems your team has not conducted basic due diligence." This comment highlights potential risks associated with relying on Fractal for KYC processes, given their past security issues. CreatorBid's decision to partner with Fractal may raise questions about the robustness of their security measures and the thoroughness of their due diligence process. The incident underscores the challenges faced by blockchain projects in ensuring secure and successful token sales, particularly in the face of sophisticated cyber threats.

According to Odaily, DeFi Technologies, a company specializing in decentralized finance and digital assets, has announced its intention to acquire a minority stake in the Swiss asset management firm Neuronomics AG. While the specific financial details of the acquisition remain undisclosed, the terms outlined in the letter of intent indicate that DeFi Technologies plans to increase its holdings in Neuronomics by subscribing to 10% of the company's issued and circulating securities. 

According to Odaily, Raydium has emerged as the leading decentralized exchange (DEX) in terms of on-chain trading volume for the first time in October, as reported by Messari. This trend accelerated in November, with Raydium's monthly DEX trading volume surpassing Uniswap by approximately 30%, reaching $124.6 billion compared to Uniswap's $90.5 billion. The platform's success is largely attributed to its dominance within the Solana ecosystem. As of November 2024, Raydium consistently accounted for over 60% of daily DEX trading volume on Solana.Memecoin trading has become a significant driver of Raydium's trading volume, contributing to 65% of its total in November, marking a record high. This growth in Raydium's trading volume also reflects a broader trend where Solana's daily DEX trading volume has surpassed that of Ethereum. In November, Solana accounted for nearly 50% of the monthly DEX trading volume across all chains, significantly higher than Ethereum's approximately 18% share, representing a 175% increase.The report highlights that the launch of Raydium V3 in March 2024 was a key catalyst for its leading position on Solana and globally in November. This development has played a crucial role in enhancing Raydium's capabilities and attracting more users to the platform, further solidifying its status as a major player in the DEX market.

According to PANews, Charles Hoskinson, the founder of Cardano, announced on social media platform X that Bitcoin DeFi is a key mission on the roadmap for InputOutput Global (IOG) to pursue by 2025. He has set a goal for the team to create a significant demonstration by May 2025, ahead of the Bitcoin 2025 conference.Hoskinson revealed plans to collaborate with FairGateLabs, a multi-party computation protocol, to achieve these objectives. The partnership is expected to extend to community projects and wallets. Although no specific timeline for a minimum viable product (MVP) has been provided, Hoskinson acknowledged that there is still substantial work to be done.

According to Odaily, Sylvia Sheng, a global multi-asset strategist at JPMorgan Asset Management, has expressed insights on the potential effects of former President Donald Trump's economic policies on the U.S. economy. Sheng suggests that while these policies could generally benefit the economy, the sequence of their implementation will be crucial in determining the growth trajectory over the next two years.Sheng highlights that a focus on deregulation and extending tax cuts could enhance corporate confidence, open capital markets, and accelerate both growth and asset returns. This approach may lead to a more favorable economic environment, fostering increased investment and expansion opportunities for businesses. However, she warns that if the emphasis shifts towards immigration and tariff policies, there could be disruptions in labor supply or trade, which might have adverse consequences. Such disruptions could potentially hinder economic growth and trigger volatility in asset markets.Despite these uncertainties, JPMorgan anticipates robust growth for the U.S. economy by 2025. The firm projects that by the fourth quarter of that year, the GDP will decelerate to a trend level of 2.0%. This outlook reflects a cautious optimism, balancing the potential benefits of policy-driven economic stimulation against the risks of policy-induced market fluctuations.

According to BlockBeats, on December 11, two members of Goldman Sachs' research department expressed optimism about gold prices, even as the U.S. dollar continues to strengthen over the long term. Their analysis indicates that U.S. policy interest rates are the primary driver of investor demand for gold ETFs, with the dollar's valuation playing a less significant role.The strengthening of the dollar is unlikely to deter central banks from structurally increasing their gold purchases, as these acquisitions are often made using dollar reserves. Additionally, the concurrent rise of both the dollar and gold prices during periods of uncertainty underscores their effectiveness as hedging tools within investment portfolios. Goldman Sachs has projected that the price of gold will reach $3,000 per ounce by the end of 2025.

According to U.Today, Dan Gambardello, founder of Crypto Capital Venture, has expressed optimism about Cardano (ADA) reaching new price levels soon. In a recent post on X, Gambardello suggested that ADA could hit $2 based on "cycle data." He believes that Cardano's price increase to $2 will happen sooner than the market expects, driven by technical analysis, historical price cycles, and other macroeconomic factors. Gambardello predicts that ADA could realistically reach $3 by January 10, 2025, although he has adjusted his timeline to January 24 to account for potential market delays.Gambardello's analysis indicates that ADA might achieve new price levels within the second week of January 2025. The last time ADA reached the $3 mark was in August 2021 during a bull run. His conservative timeline adjustment allows for possible delays in market reactions or slower-than-expected momentum for Cardano. Gambardello's post suggests that ADA could hit a possible all-time high in the current bull cycle, relying on historical trends and positive sentiment in the broader crypto market.While Gambardello's predictions might encourage investors to consider ADA, experts caution that his bullish outlook remains speculative. They note that various factors could hinder Cardano's rally to new levels. Despite this, ADA has experienced a significant increase in Open Interest amid its bullish year-to-date performance. The rising Open Interest figures indicate that traders are increasing their purchases, which could support ADA in reaching the peak levels predicted by Gambardello. As of the latest update, ADA was trading at $1.03, down by 8.22% in the last 24 hours, after rising to $1.15 earlier in the trading session.

According to Odaily, financial market analyst Kyle Rodda from Capital.com has provided insights into the upcoming U.S. Consumer Price Index (CPI) data for November. Rodda suggests that the anticipated CPI figures could pave the way for a Federal Reserve interest rate cut next week. This potential monetary policy shift is seen as a significant catalyst for gold prices.The expected CPI data is crucial as it may influence the Federal Reserve's decision-making process regarding interest rates. A rate cut could have broad implications for various financial markets, particularly impacting the value of gold. Investors and analysts are closely monitoring these developments, as changes in interest rates often affect the attractiveness of gold as an investment. Lower interest rates typically reduce the opportunity cost of holding non-yielding assets like gold, potentially driving up its demand and price.

According to Cointelegraph, Shaktikanta Das, on his final day as the governor of the Reserve Bank of India (RBI), outlined his vision for transforming India's economy through the introduction of a central bank digital currency (CBDC), known as the digital rupee. In his farewell speech on December 10, Das reflected on his six-year tenure, emphasizing efforts to leverage new technologies. This included establishing the RBI Innovation Hub in Bengaluru and creating a regulatory sandbox to foster fintech innovation.Das highlighted India's progress in CBDC development, noting that while many central banks globally remain in the early stages of discussion and experimentation, the RBI stands out as a pioneer. It is among the few central banks to have launched a pilot CBDC project. Das expressed optimism about the potential of CBDCs to revolutionize the Indian economy, stating, "As I see it, CBDC has a huge potential in the coming years, in the future. In fact, it is the future of currency."In November, the RBI aimed to expand its cross-border payments platform by adding new trading partners in Asia and the Middle East for instant settlements. A Bloomberg report indicated that India is considering using CBDCs as the primary settlement mechanism for this platform, which is already operational in Sri Lanka, Bhutan, and Nepal. However, Das had previously cautioned against a "system-wide CBDC" rollout without fully understanding its impact on users and India's monetary policy. He emphasized that such understanding would emerge from user data generated during pilot phases, suggesting a gradual introduction of CBDC.Despite these cautions, Das expressed confidence in the potential of CBDCs to "underpin the payment systems of the future," both for domestic and cross-border payments. His vision reflects a cautious yet optimistic approach to integrating digital currency into India's financial ecosystem, aiming to replace the traditional paper-based economy with a more efficient digital alternative.

According to Foresight News, StarkWare has announced the appointment of computer science professor Moni Naor as the Chief Researcher on its scientific committee. In his new role at StarkWare, Naor will primarily focus on topics such as Bitcoin cryptography and the decentralization of Starknet.StarkWare highlighted Naor's pioneering contributions to computer science, which include advancements in public key systems resistant to chosen ciphertext attacks, non-malleable cryptography, visual cryptography, and innovative methods for verifying human users, which led to the development of CAPTCHA. Additionally, Naor is credited with the first mention of proof of work, a concept he introduced alongside Cynthia Dwork.

According to Odaily, Consensys has released a new Web3 survey conducted in collaboration with YouGov, shedding light on cryptocurrency adoption trends across various regions. The survey highlights the significant penetration of cryptocurrencies in emerging markets, with Nigeria leading the charge, followed closely by South Africa. The findings reveal that the top five jurisdictions most likely to invest in cryptocurrencies over the next 12 months are Nigeria (93%), South Africa (77%), the Philippines (59%), India (58%), and Indonesia (54%). Conversely, Europeans, Canadians, and Japanese are the least likely to purchase cryptocurrencies, with the UK respondents scoring the lowest at 15%, and the US at 41%, positioned between Brazil (43%) and Argentina (39%).The survey also identifies key barriers to cryptocurrency investment, including concerns about volatility, scams, and a lack of foundational knowledge. A significant number of respondents either do not understand the purpose of blockchain technology or find it too complex, perceiving cryptocurrency investments as suitable only for tech-savvy individuals. Additionally, 47% of respondents believe that the current banking system functions well but acknowledge room for improvement. Meanwhile, 18% think a complete overhaul is necessary, and 19% are content with maintaining the status quo.

According to Odaily, data from the prediction market Polymarket indicates that former President Donald Trump currently holds an 80% probability of being named Time's 2024 Person of the Year. This positions him as the frontrunner in the predictions. Following Trump, Elon Musk, the CEO of Tesla and SpaceX, has a 9% chance of receiving the accolade, placing him in second position.Israeli Prime Minister Benjamin Netanyahu and U.S. Vice President Kamala Harris are also in the running, with probabilities of 7% and 2%, respectively, ranking them third and fourth. The total trading volume for this prediction market has reached $428,000, with the final decision expected by December 31, 2024. These predictions reflect the current sentiment and speculation surrounding the potential candidates for this prestigious recognition.