Author: The Daily Hodl
Stablecoin firm Circle is teaming up with top American banks as it prepares for a reported April initial public offering (IPO) launch. According to a new Fortune report, USDC-issuer Circle is working with JPMorgan Chase and Citi Bank to publicly list the firm’s shares next month. Citing “two sources familiar with the situation” Fortune reports that Circle is planning to file the paperwork for the IPO in late April. Circle filed for the traditional IPO with the U.S. Securities and Exchange Commission (SEC) in January 2024. Circle has tried filing for an IPO in previous years, but the firm’s last…
The CEO of the largest asset manager in the world says that the US dollar may be losing its reserve status to Bitcoin (BTC). In his annual letter to investors, BlackRock CEO Larry Fink says that US dollar supremacy can’t last forever and is already being weakened – not only due to skyrocketing debt but also the rise of digital assets and decentralized finance (DeFi). Says Fink, “The U.S. has benefited from the dollar serving as the world’s reserve currency for decades. But that’s not guaranteed to last forever. The national debt has grown at three times the pace of…
The U.S. Securities and Exchange Commission (SEC) is reportedly closing its investigation into social media influencer Haliey Welch over the alleged rug pull of her memecoin. According to a new report by TMZ, the regulatory agency is closing the probe into Welch – known as the “Hawk Tuah” girl for her 2024 viral video – without filing any charges against her after it was alleged that she conducted a rug pull following the launch of Hawk (HAWK) in December. The SEC investigated Welch after her Solana (SOL)-based memecoin rapidly lost its value after a big rally, triggering accusations that the…
The publicly-traded Bitcoin (BTC) mining company Hut 8 is partnering with US President Donald Trump’s family to form a new mining subsidiary called American Bitcoin. In a new announcement, Florida-based Hut 8 says it is merging the majority of its ASIC mining operations for an 80% stake in American Bitcoin, a company formed by a group of investors including the president’s sons Eric Trump and Donald Trump Jr. American Bitcoin was formerly known as American Data Centers Inc. Says Donald Trump Jr., “From the start, we’ve backed our conviction in Bitcoin-personally and through our businesses. But simply buying Bitcoin is…
Binance, the planet’s biggest crypto exchange by volume, has released a new feature bridging its services to the decentralized finance (DeFi) world. In a new announcement, Binance says it’s introducing CEX to DEX (centralized exchange to decentralized exchange) trading, a new feature that enables users to trade tokens through their wallets using their Binance CEX funds. According to the company, Binance users can now directly trade on-chain through the Binance Wallet tab with their spot or funding account balances using stablecoins to access tokens trading on decentralized exchanges via the Ethereum (ETH), Solana (SOL), Base and BNB Smart Chain networks.…
The CEO of the Bitcoin (BTC)-focused exchange River says he has no interest in providing access to anything other than the flagship crypto asset. In a post on the social media platform X, River CEO Alexander Leishman says crypto exchanges that list altcoins – which is almost all of them – have become more like casinos stuck on a “forever hamster wheel of memecoins.” “There are two paths for a crypto exchange/brokerage: 1. Bitcoin-only path – focus on helping people build and preserve long-term wealth through hard money. This path leads to an exchange looking more like a ‘bank’ long…
A widely followed crypto analyst says that the bottom for Ethereum (ETH) will coincide with the peak of another skyrocketing asset. In a new thread, crypto trader Michaël van de Poppe tells his 781,600 followers on the social media platform X that the top altcoin’s “disastrous” price action will likely revamp itself once gold, which is up 19% in the last year, finally ends its rally. “A massively disastrous chart for ETH. I don’t know where this will bottom, although I suspect that the peak of gold and the bottom of Ethereum are going to be correlated.” According to Van…
The host of the popular YouTube channel InvestAnswers is laying out potential year-end price targets for Bitcoin as BTC struggles to find the bottom of its correction. In a new video, the analyst uses global M2 money supply – which measures the amount of money flowing throughout the financial system – to forecast potential price targets for Bitcon on the premise that newly created money supply could partially flow into BTC. InvestAnswers says that the most reasonable expectation is that about 0.5% of the newly created supply would flow into Bitcoin, which, according to his models, would bump the price…
Popular macroeconomics expert Lyn Alden believes that the current Bitcoin (BTC) correction is similar to the one witnessed in March 2024 based on one key on-chain metric. In a new interview on The Your Life! Your Terms! YouTube channel, Alden says she’s keeping a close watch on Bitcoin’s market value to realized value (MVRV) metric, an on-chain indicator that helps assess whether BTC is overvalued or undervalued by comparing its market cap (market value) to the average price at which all coins were last moved (realized value). The macro guru explains that during the initial stages of a bull market,…
A memecoin creator notorious for being involved with several controversial projects is continuing to dump his coins even after a 95% drop. New data from the blockchain tracking firm Bubblemaps is shedding light on on-chain activity of Hayden Davis, who admitted to having a role in both Libra (LIBRA), a memecoin originally backed by Argentinian President Javier Milei before he quickly disavowed it, and Melania Meme (MELANIA), a coin inspired by Melania Trump. MELANIA began a steep descent the very day it was launched in January and is now down 95.3%. Says Bubblemaps, “Hayden Davis is STILL selling MELANIA He…