Author: The Daily Hodl

A prominent crypto analytics firm says the layer-1 blockchain Hyperliquid (HYPE) is dominating the decentralized perpetual futures trading market. In a new thread on the social media platform X, Blockworks says that Hyperliquid now accounts for nearly 80% of perpetual futures trading volume in the decentralized exchange (DEX) space. According to the crypto insights platform, Hyperliquid is massively outperforming its competitors due to an effective token-listing strategy and top-notch user experience (UX). “Hyperliquid’s success stems primarily from rapid, relevant token listings and superior UX for users and market makers. Currently, it is the only DEX that has been able to…

A low-cap altcoin is up after the world’s top crypto exchange platform by volume announced the listing of perpetual futures for it. In a new announcement, Binance says it will launch support for Bitcoin (BTC) decentralized finance (DeFi)-focused platform Lorenzo Protocol (BANK) to Binance Futures. Binance’s announcement came on the same day as BANK’s official launch on the BNB Chain. News of the addition sent BANK flying as the digital asset went from a low of $0.03 on April 18th – its launch day – to a peak of $0.057 just a few hours later. The token has since retraced…

Best-selling author Robert Kiyosaki says Bitcoin (BTC) will benefit in a massive way from an impending economic cataclysm. In a post on the social media platform X, the Rich Dad Poor Dad author says the USA may be headed for a “greater depression” that will put millions into poverty. However, Kiyosaki also says that there will be a few who decide to accumulate gold, silver and BTC, and they will come out of the economic collapse as the “new rich.” Kiyosaki lays out massive, ten-year price predictions for Bitcoin and the precious metals. “If a poor person bought a few…

Crypto investor and billionaire Barry Silbert says there’s one digital asset play that he thinks will be the “next big investment theme” for the asset class. In a new interview with Raoul Pal on the Real Vision YouTube channel, Silbert says that he’s created a new venture called Yuma, which exclusively focuses on Bittensor (TAO), a decentralized blockchain-based network built for a global, collaborative marketplace for artificial intelligence (AI). Says the Digital Currency Group (DCG) CEO, “I started looking across the whole decentralized AI space and started digging in on Bittensor, and I very quickly came to the conclusion that…

Veteran trader Peter Brandt believes that risk assets such as the S&P 500, Bitcoin (BTC) and Ethereum (ETH) will see much lower levels by the end of the year. Starting with the US stock market, Brandt tells his 792,500 followers on the social media platform X that the S&P 500 looks bearish after breaching support at 5,800 and retesting the level as resistance. Brandt predicts that the S&P 500 will close the year slightly below 4,500 points. “The Red Dots are where I think we end the year in 2025.” As of Friday’s close, the S&P 500 is trading at…

The native asset of a Bitcoin (BTC)-focused decentralized finance (DeFi) project defied the crypto market doldrums and skyrocketed by more than 55% this week. Threshold Network powers tBTC, a decentralized wrapped Bitcoin that can be used throughout DeFi ecosystems. The project’s native token, T, is trading at $0.0223 at time of writing, up from $0.0143 one week ago. The 236th-ranked crypto asset by market cap is also up nearly 48% in the past 24 hours alone. T’s price surge largely materialized after Threshold Network announced on Thursday that it planned to restructure its decentralized autonomous organization (DAO) to reduce annual…

New data from the market intelligence firm Glassnode suggests that Bitcoin (BTC) could be nearing an early bear market. In a new thread on the social media platform X, Glassnode says that the crypto king is flashing signs that historically predate its entering into a bearish phase. According to the crypto analytics platform, short-term holders hanging on to unrealized losses relative to BTC’s current price are analogous to the early bear market conditions present during Bitcoin’s previous cycles. “Bitcoin unrealized losses normalized by percentage drawdown show that short-term holders are already holding substantial losses relative to the current correction depth…

The San Francisco-based crypto exchange Kraken expanded its trading services this week to stocks, exchange-traded funds (ETFs) and forex (FX) perpetual futures. On Monday, the exchange announced that customers in New Jersey, Connecticut, Wyoming, Oklahoma, Idaho, Iowa, Rhode Island, Kentucky, Alabama and the District of Columbia could now trade 11,000 US-listed stocks and ETFs. Kraken notes those states represent the start of a “phased national rollout” for equities trading, with plans to expand to other states and then international markets like the United Kingdom, Europe and Australia. Then on Friday, the exchange announced it was launching FX perpetual futures on…

The founder of the Cardano (ADA) crypto project, Charles Hoskinson, is leaning bullish on Bitcoin (BTC). In a new CNBC interview, Hoskinson says that Bitcoin is not headed towards “another crypto winter” or a downturn. According to the Cardano creator, Bitcoin is primed to go up by approximately 196% from the current level over the coming months. “I think Bitcoin will be over $250,000 by the end of this year or next year.” Hoskinson says that Bitcoin’s rally will be driven by an improved regulatory environment, the easing of monetary policy and a fall in global trade tensions. “What will…

A widely followed crypto analyst believes that Bitcoin (BTC) will print new all-time highs once there’s more clarity around two key issues. In a new thread, crypto trader Michaël van de Poppe tells his 783,300 followers on the social media platform X that Bitcoin will likely break out once US President Donald Trump’s tariff policies and the Fed’s rate cut plans are clearer. “Bitcoin is still stuck in a range, which it has been acting in for basically two months. The longer something stays within a narrow range, the heavier the impulse will be once it breaks out of it.…