Author: The Daily Hodl

European Union (EU) researchers think the convergence of blockchain technology and artificial intelligence (AI) could have “significant potential.” In a new report, the EU’s Blockchain Observatory and Forum (EUBOF), an initiative that monitors distributed ledger developments across the continent, probed the current regulatory status of crypto assets in the 27 EU member states, as well as the United Kingdom (UK) and Switzerland. EUBOF researchers also examined potential upcoming trends in the digital asset space, noting that AI and blockchain could enhance each others’ capabilities. Explain the researchers, “Blockchain can provide a secure and transparent framework for AI data, ensuring data…

A popular crypto analyst says technical indicators are suggesting altcoins are about to go parabolic. Pseudonymous analyst TechDev tells his 452,400 followers on the social media platform X that several indicators suggest the crypto market is replicating a 2020 pattern that led to a massive bull cycle. “The entire crypto market has just begun its first macro bullish expansion in three and a half years.” The analyst’s two-month chart of the total market capitalization suggests digital assets appear ready for a huge breakout. The trader’s chart uses the Bollinger bands (BB), a price volatility gauge that often sees its upper…

Bitcoin touched the $67,409 level early Tuesday on news that former crypto exchange Mt. Gox rearranged nearly $10 billion in BTC. Mt. Gox was at one point the world’s largest Bitcoin exchange before abruptly going bankrupt and “losing” most of its coins due to theft. The exchange ultimately recovered most of its coins and has been in a lengthy bankruptcy process paying back its former customers, a large source of uncertainty in the market given the amount of potential sell pressure it could release if it were to sell its BTC in order to redeem creditors. According to blockchain “de-anonymizing”…

Digital assets manager CoinShares says institutions poured over a billion dollars into crypto products last week amid the U.S. Securities and Exchange Commission’s (SEC) Ethereum (ETH) exchange-traded product (ETP) approval. In its latest Digital Asset Fund Flows report, CoinShares says digital asset investment products reached a new record last week when crypto exchange products reached $14.9 billion in inflows, year-to-date so far. “Digital asset investment products saw inflows for the third consecutive week totaling $1.05bn, with cumulative flows representing an all-time record of US$14.9bn for the year so far.” Furthermore, last week’s activity has pushed the total assets under management of crypto…

Argentinian government officials met with El Salvador’s top crypto regulator last week to discuss the role of digital assets in society. Roberto E. Silva and Patricia Boedo, the president and vice president of the Comisión Nacional de Valores’ (CNV), Argentina’s market regulator, spoke with Juan Carlos Reyes, president of the National Commission of Digital Assets in El Salvador, about the Central American country’s decision to adopt Bitcoin (BTC) as legal tender back in 2021. Silva noted that Argentina plans to explore the possibility of signing “collaboration agreements” with El Salvador, according to a government press release. Boedo called the Central…

A crypto strategist who accurately called the pre-halving Bitcoin (BTC) correction thinks altcoins are close to taking center stage. Pseudonymous analyst Rekt Capital tells his 473,400 followers on the social media platform X that he’s keeping an eye on the OTHERS chart, which traders use to track the altcoin market as it measures the total market cap of crypto excluding the top 10 digital assets and stablecoins. According to Rekt, OTHERS appears to be following a script he laid out in February, suggesting that the broader altcoin market is poised to print gains of about 42% from its current level…

Veteran crypto investor Arthur Cheong is predicting a rally for Ethereum (ETH) ahead of a possible launch of exchange-traded funds (ETFs) for the top altcoin. Cheong, the founder of DeFiance Capital, tells his 167,400 followers on the social media platform X that Ethereum could soar nearly 14% from the current value before spot ETH ETFs may go live for investors. The U.S. Securities and Exchange Commission (SEC) approved the listing of spot market Ethereum ETFs, paving the way for the products to start trading on US stock exchanges. Says Cheong, “$4,500 before spot ETF goes live for trading in my…

An analyst who continues to build a following with contrarian crypto calls believes that Solana (SOL) is one more rally away from witnessing a total meltdown. Pseudonymous analyst Credible tells his 395,200 followers on the social media platform X that he thinks Solana is in a distribution phase or a period when deep-pocketed investors in profit are methodically selling their holdings without crashing the market. According to Credible, Solana may see one more surge to the $230 level on the back of Bitcoin’s (BTC) strength before starting a strong downtrend. “With the strength I am seeing on BTC at the…

Macro strategist Henrik Zeberg is predicting Bitcoin (BTC) will make a big move to the upside any day now. In a new interview on the Bloor Street Capital YouTube channel, Zeberg says Bitcoin could soar more than 64% from its current value by the third quarter of the year. “In January I said $110,000 to $115,000 on Bitcoin and I stick to that. I think we’re hours or days away from a big move starting again. We had a big move on [May 20th]. I think that was just the beginning. Now we’ve been consolidating for a few days, and…

Crypto analyst Jason Pizzino says he’s looking at four altcoins flashing signs of strength, which include Solana (SOL) and the memecoin Pepe (PEPE). In a new strategy session, Pizzino tells his 327,000 YouTube subscribers that alongside SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) have strong-looking market structures. According to Pizzino, Solana looks great against the US dollar. “Solana against USD is holding up pretty damn well, we can see the low here and the 50% [retracement level] back down at $154, so still in a relatively strong position.” Solana is trading for $162.09…