Latest crypto market events

BestChange
2 min readJan 17, 2025

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  1. A 17-storey crypto tower is set to be built in Dubai. The building will become a development hub for Web3 and other technologies. The construction will take place in the leading free-trade zone of the UAE. “Dubai’s new 17-story Crypto Tower, announced by DMCC and REIT Development, will cater to blockchain, DeFi, and Web3 businesses. The tower, set to open in 2027, will also host a crypto club and event spaces for blockchain networking,” crypto influencer Mario Nawfal shared on X.
  2. According to media reports, on January 20, Donald Trump will issue an order designating digital assets as a national priority. The order could also create a crypto advisory council that will advocate for the industry’s political interests. That said, media sources have debunked previously published reports about the incoming president’s idea of an “America-first” strategic reserve prioritizing the U.S.-founded altcoins.
  3. JPMorgan allowed that over the first half of this year, XRP and SOL-based ETFs could attract more investments than Ethereum exchange-traded funds. The analysts noted that spot Bitcoin ETFs that were launched in the USA in 2024 made up about 6% of the flagship cryptocurrency’s market cap. In comparison, Ethereum ETFs attracted about 3% of the cryptocoin’s market cap. “When applying these so-called “adoption rates” to SOL and XRP, we see SOL attracting roughly $3 billion-$6 billion of net assets and XRP gathering $4 billion-$8 billion in net new assets,” JPMorgan reported.

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