Author: The Daily Hodl

A widely followed crypto strategist believes the token of one layer-2 blockchain project is among the best market performers. Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that Mantle Network (MNT), an Ethereum (ETH) scalability solution, could soar beyond all-time highs (ATHs). “MNT: going to buy some more Mantle here. I think this continues to grind up beyond ATHs, still one of the strongest coins.” MNT is trading for $1.30 at time of writing, down 4.5% in the last 24 hours. MNT reached an ATH of $1.54 on April 8th. Next up, the trader…

One of the biggest centralized crypto exchange platforms in the world is planning on delisting a popular privacy-focused altcoin in two European nations in the coming months. In a new article, crypto exchange Kraken says it’s going to be delisting Monero (XMR), a blockchain focused on anonymity that launched in 2014, from Ireland and Belgium starting in June. According to Kraken, after June 10th, all remaining XMR on the crypto exchange will be automatically converted into Bitcoin (BTC), the top crypto asset by market cap. “We will be delisting Monero (XMR) from the Kraken platform, for clients in Ireland and…

A top crypto analyst is issuing a warning that dogwifhat (WIF) could collapse if the memecoin dips below a key level. In a new strategy session, pseudonymous analyst DonAlt tells his 58,800 YouTube subscribers that WIF could plummet in value if it fails to hold $3 as support. “If Dogecoin goes up, maybe WIF goes back up too, so you can kind of make up your own minds, but I think a close below $3 would be quite catastrophic. So if you’re bullish on WIF, it’s trading quite a bit above $3, but if it starts trading below $3, I…

Marathon Digital Holdings CEO Fred Thiel is offering his thoughts on how the upcoming Bitcoin (BTC) event is likely to affect the price of the flagship crypto asset. The CEO of the crypto mining firm says in a new Bloomberg interview that the upcoming Bitcoin halving is likely to have “some small impact” on the price of the flagship digital asset. The halving is scheduled to occur on April 19th and will reduce the amount of Bitcoin produced per day from 900 to 450. According to Thiel, the spot Bitcoin exchange-traded funds (ETF) in the US, which were approved in…

Crypto analyst Michaël van de Poppe says Bitcoin (BTC) is facing a tough test at current levels. The widely followed crypto trader tells his 711,400 followers on the social media platform X what needs to happen for BTC to reach new all-time highs (ATHs) before the halving, a quadrennial event slashing BTC rewards to miners in half, expected later this month. “Bitcoin facing crucial resistance. If another test at $71,000-72,000 happens and it breaks, we’ll see another ATH pre-halving. Altcoins getting crushed in their Bitcoin pairs. The rotation is close.” BTC is worth $69,955 at time of writing, up 4% in the…

Worldcoin (WLD), the crypto project developing an eye-scanning identity system to distinguish humans from bots online, is giving its users increased control over their personal data. In a statement, WorldCoin says its users can now permanently delete their iris code, the numeric representation of their unique iris texture, giving them the option to “unverify” their World ID. “Once deletion is requested, the individual‘s World ID will become invalid and a 6-month “cool off” period will be initiated to help protect against fraud by ensuring individuals cannot immediately re-verify their humanness. At the end of this cool-off period, their iris code…

One of the biggest decentralized exchange (DEX) platforms says it is “fighting for DeFi” after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC). In a new blog post, Uniswap (UNI) says it has recently received a Wells Notice from the SEC, meaning that the regulator is planning on taking enforcement actions against the DEX soon. However, UNI says the SEC’s actions appear political in nature, that it won’t be pulling any of its products off the market due to the notice, and that the decentralized finance (DeFi) sector is worth fighting for. “Taking into account the…

Stablecoin issuer Circle says the dollar-pegged USDC is now available natively on layer-2 Ethereum (ETH) scaling protocol zkSync. In a series of posts on social media platform X, zkSync says that, unlike the USDC that was previously bridged on its platform, native USDC is different. “It’s backed by Circle with additional benefits:  Regulated, fully reserved, and always redeemable 1:1 for US dollars  Institutional customers can mint and redeem USDC through Circle Mint https://circle.com/en/circle-mint  Easy integration into existing apps.” zkSync says the native USDC will be labeled USDC while the existing bridged USDC will be renamed as USDC.e on block explorers,…

A crypto trader made millions of dollars in profit on a Solana (SOL)-based memecoin in a matter of weeks, according to the digital asset tracker Lookonchain. Lookonchain notes that the trader spent 3,100 SOL worth $530,000 to buy 12.08 million Jeo Boden (BODEN) two days after BODEN went online last month. BODEN is a new memecoin built on Solana. On April 6th and 9th, the trader sold a total of 9.08 million BODEN for 23,758 SOL worth $4.06 million, realizing a profit of 20,659 SOL ($3.53 million). The crypto trader still holds 3 million BODEN. With the memecoin trading at…

A widely followed crypto analyst believes one key factor could signal Bitcoin (BTC) is heading to six figures. In a new strategy session, Nicholas Merten, the host of DataDash, tells his 509,000 YouTube subscribers that if inflows of Bitcoin exchange-traded funds (ETFs) remain around 20,000 BTC per week the crypto king could soar beyond $100,000. “I want to make clear here that for me personally seeing those tens of thousands of Bitcoin being purchased on a weekly basis to the ETF would be a huge cue that we’re ready for a broader upward move, that we’re ready for six figures,…