Author: The Daily Hodl
Stablecoin giant Tether has created an additional four billion USDT as Bitcoin (BTC) and digital assets make another run to the upside. Blockchain tracking firm Lookonchain says that a “massive amount of money” is set to flow into crypto markets as Tether accelerates its production of USDT, with 2 billion coins being printed in just two days. According to Lookonchain’s on-chain analysis, the vast majority of Tether’s newly minted USDT has ended up in crypto exchanges including Binance, Kraken, Bybit, OKX and Coinbase. Lookonchain also spotted a separate one billion USDT mint from Tether on November 8th and a 728.6…
ARK Invest’s Cathie Wood says that digital assets are ready for a historic run following the election of Donald Trump and an impending pro-crypto political climate. In a new update to investors, Wood says that crypto technology – which she believes is a critical part of the internet that hasn’t yet been built – was at risk of being shut down by the U.S. Securities and Exchange Commission (SEC). But with a pro-crypto political administration poised to assume power, Wood says that digital assets have a chance to go on one of their biggest runs in history. “On the digital…
An analyst known as a “Master Trader” on the crypto exchange Bybit believes that furious rallies are in sight for the top memecoin Dogecoin (DOGE). Pseudonymous analyst Bluntz tells his 287,200 followers on the social media platform X that DOGE looks incredibly bullish after breaking out from an Adam and Eve double-bottom pattern against Bitcoin (DOGE/BTC). The bullish structure suggests that DOGE/BTC has printed a major bottom and is poised to start a new uptrend. “Tried to warn you all. Crazy to think this thing is still just getting started.” A bullish DOGE/BTC chart suggests that Dogecoin is in a…
The chief executive of exchange-traded fund (ETF) issuer VanEck is revealing his price target for Bitcoin (BTC) while updating his outlook on Ethereum (ETH). In a new interview with CNBC Television, Jan Van Eck says he sees Bitcoin’s market cap catching up to that of gold, pushing BTC’s price well above a quarter of a million dollars. “I think Bitcoin will hit all-time highs today, and I think it will go further. My basic premise is that ultimately Bitcoin’s value will be half of that of all the gold outstanding, so you’re talking about something like $300,000 for Bitcoin.” According…
Smart contract platform Cardano (ADA) could soon witness retail fear of missing out (FOMO), according to crypto analytics platform Santiment. In a new thread on the social media platform X, Santiment says that ADA’s surprising 25% jump last week will prompt retail investors to jump into the crypto asset. “Cardano has been one of the notable surprise altcoins taking flight during this crypto-wide pump. Now up over +25% in the past three days, we may be seeing some retail FOMO coming soon. This has been a long time coming for the patient ADA community.” According to Santiment’s chart, 37,892 unique…
Rich Dad Poor Dad author Robert Kiyosaki says he’s planning to go on a Bitcoin buying spree even though BTC looks “too expensive.” On the social media platform X, Kiyosaki says price is not his top concern when he wants to accumulate an asset. According to the best-selling author, the amount of assets he owns is much more important to him because that’s “what makes a rich person rich.” “I started buying silver at $1 an ounce. Now I have thousands of ounces. I keep buying at $32 an ounce. The same is true for gold and Bitcoin. I bought…
The U.S. Securities and Exchange Commission (SEC) is delaying its decision on approving Ethereum (ETH) spot market exchange-traded fund (ETF) options. In a new filing, the regulatory agency says it will be delaying its choice as a means of allowing for more public input and expert analysis on whether the change would be consistent with current securities laws, though no specific date was provided. “The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with [the law], which requires… That the rules of a national securities exchange be designed to prevent fraudulent and manipulative…
The founder of the longest-running crypto mixer on the darknet has just been ordered to serve 12 years and six months in prison. In a statement, the U.S. Department of Justice (DOJ) says Roman Sterlingov was sentenced for operating the cryptocurrency mixer Bitcoin Fog, which laundered hundreds of millions of dollars in digital assets for a decade. Prosecutors say that the 36-year-old operated Bitcoin Fog from 2011 to 2021 when it processed over 1.2 million Bitcoin (BTC) worth approximately $400 million at the time of the transactions. The DOJ says the funds were mostly from darknet marketplaces and criminal activities…
A crypto strategist known for accurately calling the end of the 2021 Bitcoin bull market says all lights are now flashing green for BTC. Pseudonymous analyst Pentoshi tells his 809,100 followers on the social media platform X that he no longer sees Bitcoin dropping to $50,000 after breaking out from an eight-month consolidation range. According to the crypto strategist, Bitcoin appears poised to move much higher as he expects BTC to witness increasing global adoption. “I find it unlikely we see those prices again after trading so long in this range. We see more ETF (exchange-traded fund) demand. We are…
Billionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to a new report. The famed investor reduced Berkshire’s positions by a net $127 billion in 2024, reports Barron’s, making headlines for dumping approximately $100 billion of Apple shares and $10 billion of Bank of America exposure. Buffett’s Apple sales alone have left about $20 billion on the table. And Berkshire has whiffed an additional $20 billion in gains when factoring the firm’s years-long departure from the US banking sector, which includes aforementioned sales of BofA as well as…