☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊 Market Updates
🔸 Franklin Templeton plans more ETFs, global expansion of its tokenized fund, and deeper crypto asset evaluations for 2025.
🔸 Ether may struggle to rally in 2025, says 10x Research, highlighting validator exits and underperformance vs Bitcoin's 121% gain in 2024.
🔸 Pepe rallies 51%, dubbed “DOGE of this Cycle” by traders, as Elon Musk boosts memecoin hype; Wall Street Pepe ICO nears $40M.
🌟 Highlights
🔸 X CEO Linda Yaccarino announces X Money payment system launching in 2025, with potential crypto integration and unique platform currency.
🔸 Swiss proposal mandates SNB to hold Bitcoin, requiring 100k signatures by June 2026 for a public referendum on constitutional amendment.
🔸 IRS offers temporary relief on crypto cost-basis rules, delaying FIFO default until 2025, easing potential tax burdens for crypto investors.
🔸 China enforces stricter forex rules, requiring banks to track crypto trade details to curb cross-border activities amid ongoing crypto ban.
🔸 Illegal crypto ads persist in the UK, with only 54% removed despite FCA alerts; stricter ad rules from Google take effect January 2025.
🔸Singapore emerges as Asia's next crypto hub, doubling licenses in 2024 with 'risk-adjusted' regulations fostering blockchain innovation.
🔸 Floki DAO approves ETP funding, boosting memecoin legitimacy on the SIX Swiss Exchange, despite Floki's 3.6% price dip.
