Author: The Daily Hodl

SkyBridge Capital founder Anthony Scaramucci is predicting that more pension funds will add Bitcoin (BTC) to their investment portfolios. In a new interview on CNBC Squawk Box, the hedge fund veteran says other pension funds are likely to follow the State of Wisconsin’s decision to invest in Bitcoin to help pay for retirement benefits. New U.S. Securities and Exchange Commission (SEC) filings showed this week that The State of Wisconsin Investment Board, a state agency managing investments for public retirement and trust funds, has about $163 million invested in BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Bitcoin Trust (GBTC). “I…

A senior analyst with crypto intelligence platform K33 Research says investments in spot Bitcoin (BTC) exchange-traded funds (ETFs) are surging. In a post on social media platform X, Vetle Lunde says that the number of professional firms that invested in Bitcoin ETFs in Q1 outpaced the number of firms that invested in gold ETFs in their first quarter. “According to 13F reporting, 937 professional firms were invested in US spot ETFs as of March 31. In comparison, gold ETFs had 95 professional firms invested in their first quarter (Bitwise).” 13F filings are the quarterly reports that institutional investment managers with…

Decentralized oracle network Chainlink (LINK) is skyrocketing after completing a fund tokenization pilot with the Depository Trust and Clearing Corporation (DTCC). According to a new press release, the DTCC has developed a new pilot program, known as Smart NAV, which utilizes both the firm’s digital asset capabilities as well as Chainlink’s data feeding and interoperability services. “In its simplest form, Smart NAV centers around providing the capability to make trusted, verifiable data available on (virtually any) blockchain network(s) to support the use of that data in business workflows. DTCC served as the provider, or sourcer, of that data, as well…

The world’s largest futures exchange is reportedly working on a plan to offer spot Bitcoin (BTC) trading amid growing interest in crypto-based investments. Citing three people familiar with the matter, the Financial Times reports that the CME Group has already held discussions with traders who want to buy and sell cryptocurrency on a regulated marketplace. The plan, which is not yet finalized, is to run CME’s spot trading business through the EBS currency trading venue in Switzerland. A crypto trading executive is skeptical about the derivatives giant operating its Bitcoin trading business as two markets with CME in Chicago and…

Cryptocurrency analyst and trader Kevin Svenson is saying that Bitcoin (BTC) is flashing bullish signals in a similar manner to what happened earlier this year. Svenson tells his 78,100 YouTube subscribers that Bitcoin is breaking out of a reversal bottom pattern. “We are breaking out of a reversal bottom pattern. So this is really bullish, I would say… Bitcoin is also above the Relative Strength Index (RSI) downtrend line on the daily chart. And this is just a signal for continuation to the upside…” The RSI is an oscillator used to identify oversold or overbought conditions. According to the analyst,…

A trader known for making accurate crypto calls is suddenly turning bearish on memecoins. Pseudonymous analyst DonAlt tells his 550,400 followers on the social media platform X that memecoin projects could suddenly collapse. “I’m personally convinced it’s over for memes, rest of the market might get out of this ok but I’m expecting memes to giga rug (gigantic rug pull). Good luck if your portfolio is in the 10th iteration of a dog or a cat.” Zeroing in on specific memecoins, the analyst warns that Pepe (PEPE) could plummet to a range low if it fails to hold as support…

A cryptocurrency analyst and trader believes Bitcoin (BTC) is no longer at risk of a further market correction. The analyst pseudonymously known as Rekt Capital tells his 76,900 YouTube subscribers that based on historic precedence Bitcoin has left the phase, or “danger zone,” when there is a likelihood of a dip below its range low after the halving event when miners’ rewards are cut in half. “Essentially speaking, the danger zone, the post-halving danger zone, which is a three-week window where Bitcoin can produce downside volatility below its current reaccumulation range low, that danger zone is over. And that terror…

Real Vision analyst Jamie Coutts is saying that the performance of the US dollar against other major currencies will impact the price of Bitcoin (BTC). Coutts tells his 16,300 followers on the social media platform X that the US Dollar Index (DXY), a measure of the US dollar’s value compared to a basket of six dominant global currencies, is currently trading in a range. According to Coutts, Bitcoin could rally if the DXY falls by around three percent from the current level. “A break below 101 would be rocket fuel for Bitcoin.” The DXY is trading at 104.52 at time…

A closely followed crypto analyst says that altcoins are setting the stage for a massive breakout by July. Pseudonymous analyst Rekt Capital tells his 467,200 followers on the social media platform X that an alt “hype cycle” is likely coming in the second quarter of the year as the market consolidates. “Still time left before the Q2 altcoin hype cycle takes off. But the very foundations of the next wave of altcoin rallies are being built as we speak. Market-wide breakouts can’t occur without the market first experiencing slow consolidation periods.” Next up, the analyst says if Bitcoin follows a…

Two US brothers who attended the Massachusetts Institute of Technology (MIT) have been arrested for allegedly partaking in a high-speed multimillion-dollar crypto heist. According to a new press release by the U.S. Department of Justice (DOJ), the brothers – Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York – have been attained with three charges related to the alleged theft of $25 million from the Ethereum (ETH) blockchain in just 12 seconds. The DOJ says that the brothers used their expertise in mathematics and computer science to create a first-of-its-kind exploit that manipulated the way Ethereum validated…