Archive 2024

The US dollar is establishing itself as the leading currency of 2024, dominating the foreign exchange market without competition. While many global economies face challenges such as rapid inflation and geopolitical uncertainties, the greenback is showing its best performance in nearly a decade. This remarkable progress is based on several solid pillars: a robust US economy, attractive bond yields, and a monetary policy skillfully orchestrated by the Federal Reserve. Additionally, there is a global context characterized by the weakening of competing currencies, such as the yen and the euro, which are unable to compete with the supremacy of the dollar. This rise reflects the resilience of the United States but also highlights the economic fractures shaking the rest of the world.

Binance's vaults are welcoming massive deposits. Whales, silent strategists, weave their web of stablecoins for a promising bullish dance.

Elon Musk's artificial intelligence company, xAI, has just raised an additional $6 billion, bringing its valuation to nearly $50 billion. This strategic funding aims to strengthen its technological infrastructure and position against AI giants like OpenAI.

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.

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.

The stablecoin market has just crossed a historic threshold, reaching a total capitalization of over $200 billion. This growth is largely dominated by Tether's USDT, which accounts for $142.9 billion in circulating assets.

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