Author: The Daily Hodl

Coinbase has rolled out trading support for the brand-new native token of an Ethereum (ETH) layer-2 restaking protocol. Customers at the top US crypto exchange can now buy and sell SWELL, which launched on Thursday. SWELL is the governance token for the Swell Decentralized Autonomous Organization (DAO), which manages the development and growth of the restaking protocol. SWELL also secures the project’s layer-2 infrastructure. Explains the project’s whitepaper, “Swell’s mission is to create a more secure, decentralized and transparent financial future for the world that does not discriminate or censor economic freedom. The beginning of that journey for Swell starts…

Tether’s Investment division is announcing the financing of a $45 million physical crude oil transaction between a major oil company and a commodity trader. In a new announcement, the USDT-stablecoin issuer says that this transaction is Tether Investments’ first crude oil transaction in the Middle Eastern region, marking Tether’s expanding role in global commodities trading. Says Tether CEO Paolo Ardoino of the transaction, “Tether Investments’ financing of this significant crude oil transaction underscores our commitment to reshaping the trade finance landscape. With USDT, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures.…

Internet Computer (ICP) and Chainlink (LINK) are leading the crypto sector with “historic rates” of recent development activity, according to the digital asset analytics firm Santiment. Santiment notes that Internet Computer, a cloud-focused public decentralized network, clocked 829 notable GitHub events in the past 30 days. Chainlink, a decentralized oracle network, came in second with 789.87 notable events over the same time period. Hedera, a decentralized, open-source, proof-of-stake public ledger, was third, with 527.8. Internet Computer, Chainlink and Hedera (HBAR) also finished first, second and third in the rankings last month, respectively. The Ethereum (ETH) competitor Cardano (ADA) moved up…

A widely followed crypto trader says that one catalyst could cause Ethereum (ETH) to spark a rally that sees it rise by nearly 70%. In a new video update, Guy Turner, the host of CoinBureau, tells his 2.53 million YouTube subscribers that the second-largest digital asset by market cap could regain its all-time high (ATH) in 2025 once it receives the Pectra upgrade. “Pectra and the upgrades that will follow it are bullish for ETH — so much so that they could eventually be the catalysts that help ETH regain its all-time high.” According to Binance, the Pectra update, due…

New data reveals that asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets. In a new thread on the social media platform X, Nate Geraci – co-founder of the ETF Institute – notes that BlackRock’s iShares Bitcoin Trust ETF (IBIT) took only 10 months to surpass the IShares Gold Trust (IAU), which launched many years ago. “iShares Bitcoin ETF (IBIT) has now surpassed iShares Gold ETF in assets… Did this in 10 months. IAU launched in January 2005. Absolutely wild.” According to the data, as of the morning of November…

A closely followed crypto analyst believes Bitcoin (BTC) is gearing up for the next leg up. In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X that Bitcoin could soon soar more than 5% from its current value. However, the analyst says that Bitcoin may first retest the $71,679 level before potentially hitting $80,000. “Bitcoin is consolidating around a new ATH. I do believe we’ll continue, but probably have a slight correction first – dips ready to be bought. Next? $80,000 in November.” The analyst also says that massive inflows…

Crypto analyst and digital assets trader Ali Martinez is leaning bullish on the largest memecoin by market cap. Martinez tells his 77,400 followers on the social media platform X that Dogecoin (DOGE) could go up by more than twenty-fold from the current price. Based on the extrapolation of Fibonacci retracement levels, a technical analysis tool based on the Fibonacci sequence of numbers to forecast price targets as well as identify key support and resistance areas, Dogecoin could skyrocket between 2,016% and 12,069% from the current price, according to Martinez. “With Elon Musk now influencing the 47th President, Donald Trump, Dogecoin…

A closely followed crypto analyst believes that one Ethereum (ETH) restacking protocol is starting to look extremely bullish. Pseudonymous analyst Altcoin Sherpa tells his 226,300 followers on the social media platform X that Eigenlayer (EIGEN) may continue to surge for several factors. “One coin/trade I haven’t seen on the timeline at all is EIGEN. ETH season probably coming. Hot new coin with former insane hype and current underpriced fully diluted valuation (current = $5.5 billion) compared to before. New tech. Everything’s up a lot but this looks exceptionally strong.” Looking at his chart, the analyst suggests that EIGEN is printing…

Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market. The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump. Trump, who is expected to take office in January 2025, has promised to fire the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, who is largely seen as being anti-crypto. “Ethereum too cheap. Gonna explode…

Seasoned trader Peter Brandt is leaning bullish on Bitcoin (BTC) after the flagship crypto asset recently broke into a new all-time high. Brandt tells his 746,100 followers on the social media platform X that Bitcoin is “now in the sweet spot of the bull market halving cycle.” According to Brandt, Bitcoin could appreciate by between 73% to 100% from the current level to reach the cycle top in August or September of 2025. Based on the veteran trader’s chart, it appears he is suggesting that the time it will take for Bitcoin to reach the cycle top after the halving…