A closely followed crypto trader believes that the smart contract platform Solana (SOL) is not yet done rallying. Pseudonymous analyst The Flow Horse tells his 191,100 followers on the social media platform X that Solana bulls continue to accumulate SOL regardless of price. With heavy buying activity, the top trader believes that SOL is gearing...Read full story at The Daily Hodl >
A closely followed crypto analyst says that Bitcoin (BTC) could be in the midst of repeating a pattern once displayed by Amazon’s stock (AMZN) over a decade ago. Pseudonymous analyst TechDev shares with his 423,000 followers on the social media platform X a chart that compares BTC’s price action over the last 3 years to...Read full story at The Daily Hodl >
Former crypto exchange CEO Anatoly Legkodymov has pleaded guilty to federal charges for his role in illegally transporting and transmitting hundreds of millions of dollars worth of illicit funds. The U.S. Department of Justice (DOJ) says that Legkodymov, the founder of crypto exchange Bitzlato admitted to operating an unlicensed money-transmitting business at a Brooklyn federal...Read full story at The Daily Hodl >
Four US Senators are targeting digital assets in a new bipartisan bill that aims to enforce sanctions against foreign parties that transact with terrorist organizations. According to a new press release, Republican Senators Mitt Romney of Utah and Mike Rounds of South Dakota are teaming up with Democrats Mike Warner of Virginia and Jack Reed...Read full story at The Daily Hodl >
A Bitcoin (BTC) whale was spotted recording massive profits in an expert-level series of trades, on-chain data shows. As reported by blockchain tracking firm Lookonchain, a Bitcoin address beginning with 37BnFf began a series of swing trades starting in late 2022, buying aggressively throughout this year and selling only in April and early December. After...Read full story at The Daily Hodl >
Macro guru and Real Vision CEO Raoul Pal is laying out three possible scenarios for Bitcoin’s (BTC) next run. In a new interview on the Unchained Crypto YouTube channel, the ex-Goldman Sachs executive says that the most likely scenario for Bitcoin is a traditional cycle where the crypto king rallies somewhere between $100,000 and $200,000....Read full story at The Daily Hodl >
A trader thinks that clear skies are ahead for Dogecoin (DOGE) now that the top memecoin has moved above key price hurdles. Analyst Ali Martinez tells his 34,800 followers on the social media platform X that Dogecoin will likely continue to rally as long as it is above $0.095. According to Martinez, crypto bulls accumulated...Read full story at The Daily Hodl >
An analyst who continues to grow his following with timely Bitcoin (BTC) calls believes that the crypto king is poised to hit $50,000 soon. Pseudonymous trader Credible Crypto tells his 358,300 followers on the social media platform X that he’s looking at Bitcoin’s spot and derivatives market data after BTC rallied to a fresh 2023...Read full story at The Daily Hodl >
Crypto analysts at the investment management giant VanEck are predicting big things for the Ethereum (ETH) competitor Solana (SOL) in 2024. Matthew Sigel, VanEck’s head of digital assets research, and Patrick Bush, a digital assets senior investment analyst, predict that Ethereum will lose market share to Solana next year due to the latter project having...Read full story at The Daily Hodl >
Large-cap rivals of the smart contract platform Ethereum (ETH) surged on Friday as the crypto markets continued to move upward. Cardano (ADA) had the strongest day in terms of large-cap, layer-1 blockchain projects, jumping by almost 20% over 24 hours. The ninth-ranked crypto asset by market cap reached its highest price since August 2022 and...Read full story at The Daily Hodl >
El Salvador has launched a new “Freedom Visa Program” for high-net-worth individuals willing to plunk down $1 million worth of Bitcoin (BTC) or USDT for a passport. The Central American country officially launched the citizenship-by-investment program on Thursday, noting that 1,000 individuals would be selected for the visa, which offers an “accelerated path” toward citizenship....Read full story at The Daily Hodl >
The U.S. Securities and Exchange Commission (SEC) is reportedly discussing crucial technical details with financial firms that applied for spot market Bitcoin (BTC) exchange-traded funds (ETFs). According to a new report by Reuters, industry executives say that the deliberation between the regulatory agency and those who placed bids for BTC ETFs is a sign that...Read full story at The Daily Hodl >
Prominent crypto analytics platform Santiment says one metric is indicating Bitcoin (BTC) may witness another leg up. Santiment says that an increase in “bull trap” mentions on social media platforms is indicating a spread of fear, uncertainty and doubt (FUD) for the crypto market. However, the market intelligence firm says that periods following increased FUD...Read full story at The Daily Hodl >
One “lucky” trader is drawing attention for taking huge profits in just one month by trading a new Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to the blockchain-tracking service Lookonchain, the trader racked up about $2.5 million in profits, or a 6,102% gain, by buying and selling Grok (GROK), a token inspired by, but unrelated, to...Read full story at The Daily Hodl >
Crypto analyst Ali Martinez is expressing bullish sentiment on Solana (SOL) amid triple-digit-percentage gains by the Ethereum (ETH) competitor this year. Martinez tells his 34,500 followers on the X social media platform that Solana could surge by around 25% from the current level if the bullish momentum is maintained. “A sustained close above $68.20 will...Read full story at The Daily Hodl >
Cryptocurrency analyst and trader Justin Bennett is warning that Bitcoin (BTC) could reverse its uptrend after another move to the upside. Bennett tells his 110,600 followers on the social media platform X that Bitcoin could see one more leg up before undergoing a corrective move. The analyst shares a chart showing that Bitcoin is currently...Read full story at The Daily Hodl >
A top-100 web3 altcoin has surged by more than 67% this week amid a wallet update, a new partnership and a relisting on a Korean exchange. WEMIX, a subsidiary of South Korean video game developer Wemade, aims to build a web3 ecosystem that focuses on experience-based services. The project’s native token is trading at $3.91...Read full story at The Daily Hodl >
A judge has ruled that former Binance chief executive Changpeng Zhao is a flight risk and has banned him from leaving the US until he’s sentenced in February. In a new court filing, Magistrate Judge Brian Tsuchida made a ruling in favor of the prosecution, who claimed Zhao’s wealth and citizenship with other nations that...Read full story at The Daily Hodl >
The self-custody Bitcoin (BTC) wallet built by Jack Dorsey’s fintech firm is now available for pre-order to customers in over 95 countries. In a statement, Block, formerly known as Square, says the global launch of their Bitkey wallet will make it easier for people to own and manage Bitcoin. Block says it will be shipping...Read full story at The Daily Hodl >
Deep-pocketed crypto investors are suddenly moving hundreds of millions of dollars worth of Bitcoin (BTC), Ethereum (ETH), and other altcoins. According to new data from whale-surveying platform Whale Alert, high-net-worth traders have shifted about $644 million worth of the top digital asset by market cap to and from exchange platforms and crypto wallets. The Bitcoin...Read full story at The Daily Hodl >
A widely followed crypto analyst is issuing a warning about one red-hot Solana-based (SOL) memecoin. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,800 followers on the social media platform X that Bonk (BONK) could go on a massive decline after rising a bit more. However, he warns traders that shorting the meme asset is akin...Read full story at The Daily Hodl >
A nonprofit is teaming up with a city in California to give away a total of $720,000 to struggling families with no strings attached. The social services organization Monument Impact is launching ELEVATE Concord, a guaranteed income program designed to provide financial assistance to 120 families living in the city of Concord, reports CBS News...Read full story at The Daily Hodl >
The Balkan nation Montenegro is reportedly looking to extradite disgraced Terra (LUNA) founder Do Kwon to the United States. Citing “people familiar with the matter,” the Wall Street Journal reports that Montenegro Justice Minister Andrej Milovic has said privately that he plans to ship Kwon to the US rather than South Korea, which also wants...Read full story at The Daily Hodl >
The co-founders of the crypto analytics firm Glassnode believe that altcoins are about to go on a rally as Bitcoin (BTC) and Ethereum (ETH) soar. Glassnode co-founders Jan Happel and Yann Allemann, who share the Negentropic handle on the social media platform X, say that the total altcoin market cap is already rising, indicating bullishness...Read full story at The Daily Hodl >
The president of Ava Labs believes that approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) would likely lead to the launch of similar products for other digital assets. In a new interview with Bloomberg Crypto, John Wu, president of Avalanche (AVAX) development firm Ava Labs, says that he believes the first product to...Read full story at The Daily Hodl >
Analyst and trader Ali Martinez is saying that the realized price metric for Bitcoin (BTC) is sending a bullish confirmation signal. Martinez tells his 34,300 followers on the social media platform X that Bitcoin’s realized price is rising above the long-term holder’s realized price metric. The realized price is the average price of all Bitcoins...Read full story at The Daily Hodl >
A widely followed analyst and trader believes that Ethereum (ETH) is gearing up for a big burst to the upside. The analyst pseudonymously known as Bluntz tells his 230,700 followers on the X social media platform that Ethereum has officially entered bull territory after leaving its multi-month accumulation range. According to the analyst, Ethereum will...Read full story at The Daily Hodl >
It’s just over a year since CoinDesk published the story that led to FTX filing for bankruptcy just nine days later. The exchange’s dramatic collapse had a monumental impact on the industry, brutally unearthing suppressed and ignored concerns over trust, regulation and the extent of fraudulent activities. But such traumatic events can also serve as...Read full story at The Daily Hodl >
A decentralized finance (DeFi) project built over smart contract platform Solana (SOL) is gearing up to kick off an airdrop as Coinbase announces support for it. In a new thread on the social media platform X, DeFi protocol Jito (JTO) says it will be launching its first ever airdrop on December 7th, saying that eligible...Read full story at The Daily Hodl >
A popular crypto analyst is laying out his timeline for Bitcoin (BTC) to surge to a new all-time high. In a new YouTube video, the anonymous host of InvestAnswers says $100,000 is an “easy, achievable target” for the king crypto during its next bull run. The InvestAnswers host says Bitcoin hitting $45,000 before Christmas is...Read full story at The Daily Hodl >
A closely followed crypto analyst says that Ethereum (ETH) rival Solana (SOL) is gearing up to continue its rally to the upside. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,700 followers on the social media platform X that he believes the smart contract platform will go much higher in the future, however, he warns traders...Read full story at The Daily Hodl >
One of the largest banks in France is reportedly becoming the first traditional finance (TradFi) institution to issue its very own stablecoin. According to a new report by The Financial Times, French bank Societe Generale (SocGen) has launched its own Euro-pegged digital asset – dubbed the EUR ConVertible – on the Luxembourg-based crypto exchange platform...Read full story at The Daily Hodl >
December 7, 2023 – Grand Cayman, Cayman Islands Only seven months from the network’s launch, Sui is bridging more USDC liquidity than multiple native chains. Sui – the groundbreaking layer one blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the ‘Move’ smart contract language – continues its explosive ascent...Read full story at The Daily Hodl >
Hundreds of billions of dollars worth of fines have been paid by the four biggest banks in the US as JPMorgan’s chief executive sounds off against digital assets, saying they are for criminals. According to corporate misconduct data aggregator Violation Tracker, the big four banks of the US – Bank of America, Wells Fargo, Citigroup,...Read full story at The Daily Hodl >
Top US-based crypto exchange Coinbase is unveiling instant global transfers of the stablecoin USDC via social media apps. In a new blog post, Coinbase says that users of its crypto wallet can now instantly send money across the world without having to deal with the complexities of bank transfers. According to Coinbase, the money can...Read full story at The Daily Hodl >
The trader who accurately called the crypto market crash of 2021 says that Bitcoin (BTC) may be setting the stage up for a relatively small parabolic move. Pseudonymous analyst Dave the Wave tells his 143,200 followers on the social media platform X that the king crypto could surge if it crosses a key level around...Read full story at The Daily Hodl >
A widely followed crypto analyst says that smart contract platform Solana (SOL) has more room to run even after recording triple-digit gains so far this year. Pseudonymous crypto trader Bluntz tells his 230,500 followers on the social media platform X that the Ethereum (ETH) rival could go up by double digits in the coming days....Read full story at The Daily Hodl >
A prominent digital asset venture capitalist believes that approval of a spot market Bitcoin (BTC) exchange-traded fund (ETF) could cause the king crypto to dip. Chris Burniske, the founder of Placeholder Capital, tells his 268,800 followers on the social media platform X that the current run up in Bitcoin’s price may indicate holders will take...Read full story at The Daily Hodl >
Widely followed crypto analyst Justin Bennett is issuing a warning about Bitcoin (BTC) amid the flagship crypto asset’s massive 2023 rally. Noting that Bitcoin capitulated twice around each of its last two halving cycles – in 2015 and 2016 and then in 2019 and 2020 – Bennett says that a correction of around 43% from...Read full story at The Daily Hodl >
A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins. Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend. He says that key metrics like the cumulative volume...Read full story at The Daily Hodl >
A trader who accurately called Bitcoin’s (BTC) 2018 bear market bottom believes that the crypto king is set for a Santa Claus rally. Pseudonymous analyst Bluntz tells his 230,400 followers on the social media platform X that Bitcoin spent about 38 days consolidating below $40,000 from late October to the end of November. According to...Read full story at The Daily Hodl >
A widely followed crypto analyst is detailing his outlook on three altcoins, one of which he says could skyrocket in the coming months. Pseudonymous crypto strategist Altcoin Sherpa tells his 200,600 followers on the social media platform X that Ordinals (ORDI), a token focused on Bitcoin’s (BTC) ordinals protocol, appears primed to surge to the...Read full story at The Daily Hodl >
The U.S. Internal Revenue Service’s (IRS) criminal investigation unit says crypto tax investigations are on the rise. The unit notes in a new annual report that the number of digital asset tax investigations have grown as crypto assets have become more mainstream. “These investigations consist of unreported income resulting from failure to report capital gains...Read full story at The Daily Hodl >
One Solana (SOL)-based altcoin project is soaring after the project issued a major announcement. Decentralized wireless network project Helium (HNT) announced Tuesday the launch of a new affordable cell phone plan over its network available to those in the United States. Says Helium Mobile, “It’s here. Our nationwide $20/month unlimited phone plan is now available!...Read full story at The Daily Hodl >
Top stablecoin issuer Tether now reportedly holds $2.4 billion worth of Bitcoin and has made more than $1 billion worth of profit off its BTC investments. Pseudonymous on-chain analyst EmberCN tells their 64,000 followers on the social media platform X that Tether currently holds a total of 57,576 BTC purchased at an average cost of...Read full story at The Daily Hodl >
One of the largest banks in France says it has issued the first-ever digital green bond as a security token on the Ethereum (ETH) blockchain. In a new press release, banking giant Societe Generale says it has issued the eco-friendly bond to increase transparency and traceability surrounding ESG (Environmental, Social, and Governance) data. “This transaction...Read full story at The Daily Hodl >
An early Ethereum (ETH) whale appears to have woken up from a multi-year slumber. Data from crypto tracker Lookonchain reveals that the deep-pocketed investor deposited 39,260 ETH worth $87.5 million to the crypto exchange Kraken on Monday after being dormant for five years. The whale received 47,260 Ethereum worth $11.34 million (at a price of...Read full story at The Daily Hodl >
A widely followed analyst believes that Bitcoin (BTC) has a lot more gas left in the tank even though it’s already surged about 17% since the start of December. Trader Credible Crypto tells his 356,400 followers on the social media platform X that Bitcoin does not look overheated even after printing a new 2023 high...Read full story at The Daily Hodl >
A popular crypto analyst thinks Ethereum (ETH) competitor Solana (SOL) could skyrocket to new all-time highs within the next year. The pseudonymous trader known as Inmortal shares a chart with his 202,700 followers on the social media platform X that projects SOL surging to $360 by the beginning of 2025. Inmortal’s chart predicts the sixth-ranked...Read full story at The Daily Hodl >
A widely followed crypto analyst says that one key level could signal a Bitcoin (BTC) pullback as the top digital asset rallies. In a new strategy update, crypto analyst Benjamin Cowen tells his 788,000 YouTube subscribers that Bitcoin could dip should it hit the $48,000 level. To make his prediction, Cowen uses Fibonacci retracement levels,...Read full story at The Daily Hodl >
Coinbase chief executive Brian Armstrong thinks Bitcoin (BTC) could extend the existence of Western civilization. Armstrong says on the social media platform X that it’s the “natural trend” of countries that mint the reserve currency of the world to inflate the money supply and increase deficit spending until they lose their currency advantage. The CEO...Read full story at The Daily Hodl >
A Solana address potentially related to the now-defunct crypto exchange FTX has unstaked $90 million worth of SOL, according to on-chain data. First spotted by Lookonchain, an address beginning with “4Axqyo” unstaked 1.5 million SOL and transferred it to another address. According to FTX, the address that received the coins then sent nearly a quarter...Read full story at The Daily Hodl >
The co-founder and CEO of CryptoQuant says that Bitcoin (BTC) is in a bullish trend that still has gas left in the tank, despite the king crypto suddenly smashing through $43,000. Ki Young Ju tells his 327,800 followers on the social media platform X that based on an aggregate of key metrics used by CryptoQuant,...Read full story at The Daily Hodl >
December 5, 2023 – Dubai, United Arab Emirates In a bold move that redefines the blockchain landscape, WOW EARN announces the launch of its innovative WOW EARN Chain, now operating as a layer one blockchain. This significant technological advancement positions the WOW EARN Chain at the forefront of blockchain innovation, offering unmatched efficiency, global accessibility...Read full story at The Daily Hodl >
The chief executive of a $1.5 trillion investment firm says she’s bullish on blockchain technology and is a crypto investor. Jenny Johnson, the CEO and president of Franklin Templeton, recently spoke with Fortune about her outlook on digital assets and blockchain. Franklin Templeton has clients in more than 160 countries and filed for a spot...Read full story at The Daily Hodl >
A widely followed crypto analyst says that one low-cap decentralized finance (DeFi) altcoin is setting the stage for a massive rally. Pseudonymous crypto trader The Flow Horse tells his 189,600 followers on the social media platform X that key metrics indicate Pendle (PENDLE), which allows users to tokenize and sell future yields, is about to...Read full story at The Daily Hodl >
Solana (SOL) co-founder Anatoly Yakovenko is unveiling one of the most impactful innovations that’s emanated from the crypto industry In a new interview with macro guru Raoul Pal, Yakovenko says that decentralized finance (DeFi) is possibly the best thing that came out of crypto. “DeFi is the most important app for crypto. It is the...Read full story at The Daily Hodl >
An analyst who nailed the bottom of the 2018 Bitcoin (BTC) bear market thinks that Ethereum (ETH) is about to take center stage. Pseudonymous analyst Bluntz tells his 230,300 followers on the social media platform X that Ethereum has closed above its multi-month accumulation range for the first time last week. According to the analyst,...Read full story at The Daily Hodl >
An analyst who continues to build a following with his timely Bitcoin (BTC) calls believes that the crypto king could be in the midst of a full-blown bull market. In a new video update, pseudonymous analyst Credible Crypto tells his 355,800 followers on the social media platform X that Bitcoin traders who are using leverage...Read full story at The Daily Hodl >
A widely followed crypto strategist believes big rallies are imminent for a trio of altcoins including Cosmos (ATOM) and Gala (GALA). Pseudonymous analyst Kaleo tells his 608,200 followers on the social media platform X that he believes a strong breakout rally is in sight for the native asset of the interoperable blockchain Cosmos. According to...Read full story at The Daily Hodl >
Ripple Labs’ Metaco is integrating with an institutional custody firm backed by financial services giant Standard Chartered. According to a new press release, Metaco, a provider of digital assets infrastructure, is integrating with the London-based crypto custodian firm Zodia Custody as a means of creating a global network for institutions. “The integration enables institutions to...Read full story at The Daily Hodl >
A closely followed crypto analyst is outlining his next Ethereum (ETH) price target, saying that the top altcoin has more potential to expand, while updating his outlook on Bitcoin (BTC). In a new thread, crypto trader Kevin Svenson tells his 131,200 followers on the social media platform X that even though the leading smart contract...Read full story at The Daily Hodl >
Digital assets manager CoinShares finds that blue–chip investors continue to allocate to Bitcoin (BTC) and crypto investment products as markets surge. In its latest fund flows report, CoinShares says that institutions poured asset $176 million into crypto markets last week, reaching a 10-week total of $1.76 billion. “Digital asset investment products saw inflows totaling $176...Read full story at The Daily Hodl >
North Korea has greatly increased its focus on the crypto industry since 2017, stealing over $3 billion in digital assets, according to cybersecurity firm Recorded Future. The firm says that the North Korean regime has a “highly trained cadre of computer science professionals” with privileged access to new technology and information. State-backing allows the country’s...Read full story at The Daily Hodl >
Crypto.com is announcing that it has been authorized as an Electronic Money Institution (EMI) by the UK’s Financial Conduct Authority (FCA). In a new announcement, the crypto exchange says that the new EMI authorization will allow it to offer a series of UK-based e-money products “as part of the robust FCA regime that aligns with Crypto.com’s...Read full story at The Daily Hodl >
December 4, 2023 – Dubai, United Arab Emirates After two years in development LandX, the agricultural finance protocol, successfully closed its private investment round, surpassing expectations. The round raised over $915,000 from private investors, which brings the total raised to over $5 million. The milestone marks a significant vote of confidence in the potential for...Read full story at The Daily Hodl >
A widely followed analyst and trader says Bitcoin (BTC) will likely reach a new all-time high (ATH) faster than most are expecting. The analyst pseudonymously known as The Flow Horse tells his 189,500 followers on the social media platform X that Bitcoin will likely remain in an uptrend and soon surpass the prior high of...Read full story at The Daily Hodl >
New York, United States CAGA Crypto, a bright example of DeFi innovation, is set for a triumphant entry onto major exchanges, including MEXC and Bitget. With a community-driven DAO model, innovative liquid staking and transparent governance, CAGA stands out. Its recently announced listings on Gate.io and BitMart mark a significant milestone, propelling this movement towards...Read full story at The Daily Hodl >
Lawyers for Sam Bankman-Fried are not filing any post-trial motions after the disgraced FTX founder was convicted on seven criminal counts related to the misuse of the crypto exchange’s customer funds. In a letter to Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, lawyers Mark S. Cohen and...Read full story at The Daily Hodl >
On-chain analyst PlanB says that Bitcoin is now on an imminent path that could potentially take BTC to new highs faster than most believe. In a new strategy session, PlanB provides an update on his stock-to-flow (S2F) model for Bitcoin, which aims to forecast the longer-term market cycles based on BTC’s halvings, when miners’ rewards...Read full story at The Daily Hodl >
A large entity has been spotted buying up massive amounts of Ethereum over the past two months as ETH makes moves to the upside, according to blockchain tracker Lookonchain. Lookonchain says that a “giant whale” has accumulated over $76.8 million worth of ETH since September and is in profit by more than $13 million. “This...Read full story at The Daily Hodl >
Macro guru Raoul Pal says that crypto assets are set for a new bull market as traditional finance firms begin to move into the nascent sector. In a new thread, the former Goldman Sachs executive tells his one million followers on the social media platform X that the crypto sphere is set for a massive...Read full story at The Daily Hodl >
A closely followed crypto strategist is laying out a roadmap for Bitcoin (BTC) to hit his long-term target of $83,000. Pseudonymous analyst Rager tells his 199,900 followers on the social media platform X that Bitcoin could rally close to $50,000 by next month. Rager predicts the big move up will be followed by a steep...Read full story at The Daily Hodl >
One of the largest banks in the country is getting slapped with a multi-million dollar fine from the Consumer Financial Protection Bureau (CFPB). The agency says Bank of America will pay $12 million for repeatedly sending false information to federal regulators. The CFPB says BofA has routinely violated the Home Mortgage Disclosure Act, which was...Read full story at The Daily Hodl >
A widely followed crypto strategist thinks that rallies are in sight for the layer-1 blockchain Tron (TRX) and the decentralized finance (DeFi) lending protocol Aave (AAVE). Pseudonymous analyst Rekt Capital tells his 373,000 followers on the social media platform X that TRX ended November on a bullish note after the crypto asset closed above its...Read full story at The Daily Hodl >
A widely followed analyst says that Bitcoin (BTC) is setting the stage up to skyrocket as one key indicator points toward strong momentum for the king crypto asset. In a new thread, macroeconomist and crypto strategist Henrik Zeberg tells his 121,200 followers on the social media platform X that BTC’s weekly relative strength index (RSI)...Read full story at The Daily Hodl >
The chief legal officer of crypto exchange Kraken is optimistic that Binance’s decision to settle with the US government will benefit the digital asset industry. Last month, the world’s largest crypto exchange by trading volume agreed to pay over $4 billion in fines after pleading guilty to engaging in money laundering, violating sanctions and operating...Read full story at The Daily Hodl >
Hundreds of billions of dollars in deposits have exited US banks this year as consumers and institutions flock to money market funds to take advantage of the high interest rate environment. New data from the Federal Reserve Economic Data (FRED) system shows deposits in all US commercial banks plunged from $17.736 trillion at the start...Read full story at The Daily Hodl >
A crypto financial services firm is detailing the catalysts that could spark a rally for Bitcoin (BTC) and push it to six figures sometime in 2024. In a new report titled “The Sustainability of Bitcoin’s Bull Market in 2024,” Matrixport outlines how the top crypto asset by market cap can surge to a $125,000 price...Read full story at The Daily Hodl >
Whales have contributed to a rally in the decentralized oracle service provider Chainlink by accumulating massive amounts of LINK, analytics firm Santiment reports. Santiment says that the top 200 Chainlink wallets added $50 million worth of LINK in the past five weeks, helping the altcoin drastically outperform Bitcoin (BTC). “Chainlink is moving ahead of the...Read full story at The Daily Hodl >
A crypto trading veteran is expecting bullish continuation for two altcoins with the Bitcoin (BTC) ecosystem as the digital asset markets flash more strength. Pseudonymous trader The Flow Horse tells his 188,000 followers on the social media platform X that he’s building a position in Stacks (STX). Stacks is a project that aims to enable...Read full story at The Daily Hodl >
A closely followed crypto strategist believes that Ethereum (ETH) and Chainlink (LINK) are poised to witness more moves to the upside. Pseudonymous analyst Inmortal tells his 202,500 followers on the social media platform X that Ethereum has broken out of a triangle formation on the four-hour chart. According to Inmortal, the breakout will likely stick...Read full story at The Daily Hodl >
A trader who nailed the top of Bitcoin’s (BTC) 2021 bull market believes that the crypto king will make the staunchest of bears capitulate. Pseudonymous analyst Pentoshi tells his 717,200 followers on the social media platform X that the U.S. Securities and Exchange Commission (SEC) has a little over a month to decide on a...Read full story at The Daily Hodl >
US banks are now saddled with a staggering $684 billion in losses on securities, according to a new report from the Federal Deposit Insurance Corporation (FDIC). The agency says the total number of unrealized securities in the banking system at the end of Q3 surged by $126 billion – a 22.5% increase in the span...Read full story at The Daily Hodl >
Legal troubles faced by Binance, the largest crypto exchange in the world, have allowed other exchanges to grow their market share, new data reports. Following Binance’s $4 billion settlement with the US government and its former CEO’s admission of violating anti-money laundering (AML) laws, Coinbase and Bybit have gained ground in the crypto trading industry,...Read full story at The Daily Hodl >
Customers at one of the largest banks in the US say money is mysteriously exiting their account for no apparent reason. People who bank with PNC are noticing unauthorized charges and should check their balances, reports the NBC-affiliated news station WPXI. Tom Rubritz is one of the first people to realize something is wrong with...Read full story at The Daily Hodl >
Bitcoin (BTC) and the crypto markets ticked upward on Friday after U.S. Federal Reserve Chair Jerome Powell appeared to express some reserved optimism about the American economy. Powell spoke to students at Spelman College in Atlanta about the Fed’s ongoing strategy for dealing with inflation. The Fed chair says inflation initially sprung up due to...Read full story at The Daily Hodl >
A gaming-focused Ethereum (ETH) sidechain is integrating with Binance Pay as a means of making wallet funding easier for consumers. In a new blog post, Ethereum sidechain Ronin (RON) says that it is collaborating with the world’s largest crypto exchange by volume to make it easier to fund the Ronin crypto wallet. According to Ronin,...Read full story at The Daily Hodl >
Former Bloomberg Intelligence analyst Jamie Coutts says one metric shows a key difference between Bitcoin’s (BTC) bearish phases in 2018 and 2022. Coutts says that the number of BTC accumulation addresses soared in the 2022 bear market, while they decreased in the 2018 BTC market slump. According to Coutts, the increase in accumulation addresses indicates...Read full story at The Daily Hodl >
Leading crypto analytics firm Santiment says the largest non-exchange Ethereum (ETH) wallets are gobbling up the second-largest digital asset at record rates. Santiment says Ethereum wallets are “forming an encouraging pattern.” The analytics firm notes that the 10 largest non-exchange Ethereum wallets now hold more than 41 million ETH for the first time ever, while...Read full story at The Daily Hodl >
A crypto whale is attracting attention for going on a massive buying spree, purchasing over $180 million in digital assets within days. According to the blockchain-tracking service Lookonchain, the deep-pocketed investor scooped up about $187 million in cryptocurrencies in three days, including Bitcoin (BTC), Binance ecosystem’s native token Binance Coin (BNB) and Ethereum (ETH). “It...Read full story at The Daily Hodl >
The trader who accurately called the crypto market correction in May 2021 says that Bitcoin’s (BTC) market structure is now potentially on track to approach the $200,000 mark if all goes well. Pseudonymous trader and analyst Dave the Wave tells his 143,000 followers on the social media platform X that Bitcoin’s moving average convergence divergence...Read full story at The Daily Hodl >
The Federal Reserve Bank is printing a record number of $50 bills as Americans feel the urge to hold physical cash. The Bureau of Engraving and Printing, the agency in charge of money printing operations in the US, created 756.09 million new $50 bills in 2022, reports CNN. The pile of fresh cash is worth...Read full story at The Daily Hodl >
The native asset for a crypto Web3 infrastructure project has skyrocketed by more than 120% this week amid the rollout of a new “vision paper.” AIOZ, the native utility token of the AIOZ Network, is trading around $0.151 at time of writing, up from $0.0683 one week ago. The 241st-ranked crypto asset by market cap...Read full story at The Daily Hodl >
One of the biggest stars of the most popular sport in the world is being sued in a class action lawsuit over his involvement with Binance non-fungible tokens (NFTs). According to a new Associated Press report, Portuguese soccer star Cristiano Ronaldo (CR7) is on the receiving end of a $1 billion class-action lawsuit for promoting NFTs...Read full story at The Daily Hodl >
US-based crypto exchange Coinbase has seen a two-fold increase in the number of customer information requests from government and law enforcement entities over the last three years. In a new transparency report, Coinbase says that between October 1st, 2022 and September 30th, 2023, the exchange received 13,079 requests, up by about 6% during the same...Read full story at The Daily Hodl >
Billionaire Mike Novogratz says that Bitcoin (BTC) is gearing up for a massive surge to the upside as bullish catalysts line up. In a new interview on Bloomberg Television, the chief executive of crypto asset manager Grayscale says that the top crypto asset by market cap is setting up for a “wonderful story.” According to...Read full story at The Daily Hodl >
U.S. Securities and Exchange Commission (SEC) official Hester Peirce is launching another broadside against her agency over its regulation of the crypto sector. While speaking at the Blockchain Association’s Policy Summit this week, Peirce, one of the SEC’s five appointed commissioners, argues that the regulator is bringing enforcement actions against old cases “without clear rhyme...Read full story at The Daily Hodl >
The U.S. Securities and Exchange Commission (SEC) is asking the public what they think about financial services giant Fidelity’s potential spot market Ethereum (ETH) exchange-traded fund (ETF). In a new notice, the regulatory agency is asking the public for their opinion on Fidelity filing a bid to create an Ethereum-based ETF on the Chicago Board...Read full story at The Daily Hodl >
A widely followed crypto analyst believes that Bitcoin (BTC) will cross the $40,000 level at any moment now. Pseudonymous crypto trader The Flow Horse tells his 188,600 followers on the social media platform X that he is bullish on Bitcoin because there is little reason for anyone to sell BTC under the current conditions. The...Read full story at The Daily Hodl >