Here are some of the biggest cryptocurrency news stories on December 29, 2024:
Top Stories
1. Israel Launches First Bitcoin ETF. Israel launched six new Bitcoin ETF products managed by companies such as Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI .
2. Shiba Inu Burn Rate Soars. Shiba Inu’s burn rate increased by 97% on December 25, coinciding with Christmas .
3. AVAX Price Predicted to Reach $79 The price of the Avalanche (AVAX) token is predicted to reach $79 per unit after bouncing off the support level at $34.71 per unit .
Other News
1. Russia Legalizes Crypto Mining and Use. The Russian parliament has adopted a law legalizing crypto mining and its use for international payments .
2. Ethereum Network Pectra Upgrade. Ethereum is gearing up for a major upgrade called Pectra in the first quarter of 2025, which is expected to support the growth of DeFi and Layer-2 solutions .
3. Paul Atkins and the XRP Lawsuit. Former SEC commissioner Paul Atkins could drop his lawsuit against Ripple, which could significantly boost the price of XRP. $BTC