In the crypto space, two top coins, Solana (SOL) and Pomerdoge (POMD) are exhibiting bullish patterns. Analysts have predicted huge price growth in the coming weeks. Meanwhile, in the financial space, UBS, a banking giant, has agreed to pay millions in fines. In this article, we will explore these developments.
US and UK Regulator Fines UBS Bank $400 Million
Swiss banking giant, UBS, has found itself in the spotlight lately. According to reports, regulators in the UK and the US have fined its newly acquired subsidiary, Credit Suisse for financial misconduct. The US Federal Reserve imposed a $268.5 million fine on Credit Suisse.
The Fed argued that Credit Suisse failed to adequately manage risk associated with family asset management firm, Archegos Capital. In another regulatory blow, the Bank of England’s Prudential Regulation Authority (PRA) also stepped into the matter.
The regulator fined UBS £87 million ($111.6 million). Remarkably, this PRA fine stands as the largest ever imposed. Consequently, UBS has to shoulder a hefty total fine of about $387 million, as confirmed by the Fed.
Solana (SOL) Shows Mixed Sentiment
Solana saw bearish days in June after the US SEC tagged its security. The token’s price dropped, falling by about 41% between June 3rd and June 16th. Solana’s price traded between $15 and $19 until July.
However, Solana reached a monthly high of $29.31 on July 13th. This was after news of Ripple’s win against the US SEC spread across the crypto industry. Currently, Solana is priced at $24.52 by press time. This represents a 1.68% price decline in the last 24 hours and 0.46% in the past week.
The bearish momentum observed in the last seven days has stolen some of Solana’s gains. Still, it is still bullish on the 30-day price chart, with over 33.5% price gain.
Pomerdoge (POMD) Continues Bullish Price Trajectory
Just like Solana, Pomerdoge is also bullish on the 30-day price chart. Lately, the token’s price soared from $0.0035 to $0.007. Pomerdoge will be an innovative project that merges crypto and blockchain with an exciting play-to-earn game (P2E). Besides, its token is a memecoin, giving it substantial growth potential.
As a P2E token, it will have wide utility in its gaming ecosystem which will contribute to its growth. Pomerdoge will connect players globally, allowing them to network, compete, and earn through this immersive game. Moreover, players will be able to customize their digital characters and develop them to an elite level.
In addition, gamers can buy customized items from Pomerplace, Pomerdoge’s marketplace for their avatars. On one hand, players can buy, sell, and trade valuable assets and skins on Pomerplace. On the other hand, it will act as a gaming arena where players can engage in exciting battles against others.
Presently, Pomerdoge is an emerging token, indicating its enormous growth potential. Currently, it is in stage 1 of the presale and is available at a price of just $0.007 per POMD. Market experts have predicted 100x and 5,000% gains for investors in the coming months.
Find out more about the Pomerdoge (POMD) Presale Today:
Telegram Community: https://t.me/pomerdoge