Archive December 2024

In a global economic context marked by successive upheavals, few sectors manage to maintain enduring stability. Long perceived as an unsinkable fortress, luxury, the quintessential symbol of prosperity and exclusivity, also faltered in 2024. Indeed, the fortunes of emblematic figures such as Bernard Arnault, Françoise Bettencourt Meyers, and François Pinault suffered colossal losses amounting to over 70 billion dollars combined. Such a decline finds its origins in a set of closely related factors: a slowing Chinese economy, national political tensions, and increased volatility in stock markets. These combined elements have shaken the pillars of the sector, revealing an unexpected fragility.

In a blockchain sleight of hand, Akridge allegedly emptied his ex-wife's crypto wallet. A crypto-marital tragedy with a scent of millions!

Cryptos based on artificial intelligence, long perceived as a revolution in the sector, are currently facing a major crisis. At the beginning of December, their market capitalization reached an impressive peak of $70.4 billion, reflecting investors' enthusiasm for this new technological niche. However, within a few weeks, this valuation has dropped by 28%, now standing at $50.5 billion. This decline is explained both by a general downturn in the crypto markets and by declining interest from investors, hindered by the lack of concrete use cases for AI tokens. Such a correction, while critical for some, fits into a cycle where altcoins could soon regain popularity. Experts remain optimistic about a potential rebound of these assets in 2025, thanks to a more favorable expected environment, particularly with altcoin season.

The U.S. Secretary of the Treasury, Janet Yellen, recently warned that the U.S. debt ceiling could be reached as early as mid-January 2025. According to her statements, the Treasury expects to hit this new limit between January 14 and 23, at which point extraordinary measures will need to be taken to avoid a default.

On the chessboard of cryptocurrencies, AI is the king of scammers, ruining the French in a game where only fraudsters win.

A renowned financial analyst, Dr. Jim Willie, recently sounded the alarm about a massive debt crisis that could hit the U.S. economy in 2025. According to him, the United States is heading toward a critical point with $7 trillion in debt maturing, which could trigger a major economic crisis.

With a magical stablecoin flick, Ripple sparks 106% growth. Dancing numbers, talking millions.

The large holders of Dogecoin, commonly known as "whales," have engaged in massive accumulation of over 90 million DOGE in just 48 hours. This activity comes as the meme crypto is trading around $0.31, in a critical consolidation phase.