Author: The Daily Hodl

A lawyer with the crypto investment arm of venture capital giant Andreessen Horowitz (a16z) says web3 projects should not publicly sell tokens in the US to raise funds. In a new blog post, a16 Crypto general counsel Miles Jennings says that the U.S. Securities and Exchange Commission (SEC) has made it clear that Initial Coin Offerings (ICOs) fall under the ambit of securities laws. “In many ICOs, token issuers made clear representations and promises to investors that they were going to fund their operations with the proceeds from the token sale and deliver a future return to investors. Those cases…

A widely followed cryptocurrency analyst and trader believes one type of crypto asset is about to implode. The analyst pseudonymously known as Credible Crypto tells his 391,500 followers on the social media platform X that memecoins could suddenly collapse in value. “Still a lot of salt in this space despite us being at new all-time high for BTC. Mainly because memes are the ‘only’ alts that have been pumping the last few months. Hearing lots of ‘this cycle is clearly different, it’s a meme supercycle’ etc. and ‘fundamentals don’t matter.’ Lots of people have lost hope on their non-meme alt…

A closely followed crypto strategist is turning very bullish on memecoins in the current market cycle. Pseudonymous analyst Altcoin Sherpa tells his 215,600 followers on the social media platform X that retail traders could send memecoins soaring. “Highly bullish on memes this cycle though for a lot of reasons. New retail wants to get rich quick, they’re going to enter the casino with us. Adapt or continue to underperform.” The analyst also reveals his top memecoin picks starting with large market cap projects: Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Bonk (BONK) and dogwifhat (WIF). The analyst’s top mid-cap memecoin…

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on a memecoin that has gone up more than twenty-fold since early March. The trader pseudonymous known as Crypto Dog tells his 775,500 followers on the social media platform X that the memecoin Jeo Boden (BODEN) is on the cusp of breaking out after a period of consolidation. Based on the Crypto Dog’s chart, it appears that BODEN is testing a downward-sloping resistance level on the daily chart. BODEN is trading at $0.639 at time of writing, up by around 2,466% from the all-time of $0.0249 reached on March…

The CEO of Bitcoin’s Lightning Network wallet Strike Jack Mallers is predicting that the flagship crypto asset could reach a seven-figure price during the current cycle. Mallers says in an appearance on the David Lin YouTube channel that efforts to save the bond market could lead to a looser monetary policy, consequently triggering Bitcoin (BTC) to appreciate by between 297% and 1,486% from the current level. “The bond market is in trouble for really arguably the first time in modern financial history. Bondholders are getting absolutely demolished and crushed. Now who owns bonds? All of our banks. So our bank…

Ex-Goldman Sachs executive Raoul Pal says the altcoin market cap is on the verge of soaring to new all-time highs (ATHs). In a new video update, the Real Vision CEO says that the digital assets market could enter “crypto summer” within a month, when Ethereum (ETH), Solana (SOL) and other alts could have massive rallies. A “crypto summer” generally means increased prices, higher trading volume, bullish market sentiment, more network development and wider adoption. “It’s very normal for crypto spring for Bitcoin to outperform and then as we come into crypto summer that we’re transitioning into now ETH starts to…

Spot market crypto exchange-traded funds (ETFs) are reportedly set to launch in Hong Kong as soon as next week. According to a new report by Reuters, the three asset managers who are providing the products say that Bitcoin (BTC) and Ethereum (ETH) ETFs should start trading by April 30th as they have already received regulatory approval from the Securities and Futures Commission (SFC). The report says the companies providing the ETFs will be the Hong Kong branches of China Asset Management, Harvest Fund Management and Bosera Asset Management. The trio of companies originally received approval by Hong Kong’s financial regulatory authority…

New crypto whales are buying up Bitcoin (BTC) at a faster rate than longer-term holders, according to the chief executive of the blockchain analytics platform CryptoQuant. Ki Young Ju tells his 343,900 followers on the social media platform X that the new whales’ initial investment in Bitcoin is almost twice the old whales’ cumulative total. The analytics platform executive defines “new,” short-term holder whales as addresses with at least 1,000 Bitcoin with an average coin age of less than 155 days. “Old,” long-term holder whales hold at least 1,000 Bitcoin with an average coin age of 155 days or more.…

As Bitcoin (BTC) cools down from its latest rally, one widely followed crypto analyst says the king crypto’s dominance has peaked… for now. Crypto trader Michaël van de Poppe tells his 713,900 followers on the social media platform X that his BTC market dominance charts indicate that altcoins may soon be on the rise. “To me, the Bitcoin dominance has peaked and there’s a significant chance that we’ll rotate back to altcoins in the coming period. It’s a quiet vacuum currently, which we’ll need to break through with a potential momentum surrounding the ETH ETF (Ethereum exchange-traded fund) in May.” Financial giants…

A Solana-based (SOL) meme asset has nearly doubled up just days after its community overwhelmingly passed a resolution to burn its supply. In a new announcement on the social media platform X, the decentralized autonomous organization (DAO) for memecoin Bonk (BONK) says it has voted to reduce the token’s supply by billions. “The BONK DAO community proposal to BURN 278,393,137,215 billion BONK has passed via council vote… The community vote ended with 418,625,159,192 votes in favor which represented a 99.9% support of the proposal.” In the original proposal, which was released on April 17th, BONK DAO said that by burning…