Author: The Daily Hodl
Self-custodial wallet Safe Wallet says that a compromised developer’s laptop was at the center of last month’s $1.4 billion hack of the crypto exchange platform Bybit. In a new thread on the social media platform X, the firm says a joint investigation with cybersecurity firm Mandiant revealed that the hacker used a multi-pronged process to breach Bybit’s security protocols. “The attack involved the compromise of a Safe Wallet developer’s laptop (Developer1) and the hijacking of AWS session tokens to bypass multi-factor authentication controls. This developer was one of the very few personnel that had higher access in order to perform…
The top US-based crypto exchange platform Coinbase is acquiring a blockchain startup’s team to bolster its privacy efforts on Base. In a new announcement, Coinbase says it is onboarding the development team of layer-1 project Iron Fish (IRON) to help develop “privacy-preserving primitives” on Base, the crypto exchange’s proprietary blockchain. Coinbase highlights that it is not acquiring Iron Fish itself, its token or its technology. “Privacy isn’t just a feature, it’s a right – and it’s critical for unlocking the full potential of crypto. Today, we’re taking a major step toward that future by acquiring the team behind Iron Fish… This…
A widely followed cryptocurrency analyst believes Bitcoin (BTC), Ethereum (ETH) and altcoins bulls are being set up for a massive trap. The analyst and trader pseudonymously known as Capo tells his 938,800 followers on the social media platform X that the crypto market looks primed to go up to potentially form a bull trap. A bull trap is a false signal that indicates that the bearish trend is over but then the price abruptly reverses course and witnesses a deeper drawdown. According to the pseudonymous analyst, Bitcoin, Ethereum and altcoins could rally by between 10% and 50% from current levels…
Treasury Secretary Scott Bessent says that the US should become a global leader in digital assets. In a new interview with CNBC, Bessent says the United States should welcome crypto-related businesses into the country and take a leadership role in the industry. “I am a big proponent of the US taking the worldwide lead in crypto. I think we have to bring it onshore and they use our best practices and regulation.” He also praises the recent action by US President Donald Trump to create a Bitcoin (BTC) reserve, which commits the US to not selling any seized BTC. According…
Cryptocurrency analyst and trader Ali Martinez is leaning bearish on a Solana (SOL) competitor. Martinez tells his 130,100 followers on the social media platform X that Sui (SUI) faces the risk of a “sharp correction” amid the formation of a bearish pattern. “Since November 2024, Sui has been shaping a head and shoulders pattern with the neckline at $3 serving as a crucial support level. And the price action seen in the last few weeks helped form the pattern’s right shoulder, which is not a positive sign. After the recent break of the $3 support level, the odds have increased…
Real Vision’s chief crypto analyst says that it’s hard to be anything but bullish toward Bitcoin (BTC), identifying one catalyst that could send the crypto king flying later this year. In a new thread, crypto strategist Jamie Coutts tells his 36,000 followers on the social media platform X that a recent move in the US Dollar Index (DXY) has historically predated a rally for the flagship digital asset. “When looking at this recent move in the DXY through a historical lens, it’s challenging to be anything but bullish. I ran a signal screen for three-day negative moves of more than…
The layer-1 blockchain Sui (SUI) is defying the broader crypto market downturn after inking a new deal with a decentralized finance (DeFi) protocol linked to US President Donald Trump. The Solana (SOL) rival is witnessing price gains amid a new collaboration with World Liberty Financial (WLFI). Says World Liberty Financial co-founder Zak Folkman in a statement, “We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans. Given our plans to support foundational DeFi assets in the coming months, collaborating with Sui was…
The White House’s “Crypto Czar,” David Sacks, says the US government would own an extra $16.634 billion worth of Bitcoin if the Department of Justice (DOJ) had held onto its BTC. Sacks notes the federal government has sold approximately 195,000 Bitcoin for $366 million, far less than it could have earned for the BTC today. “If the government had held the Bitcoin, it would be worth over $17 billion today. That’s how much it has cost American taxpayers not to have a long-term strategy.” The US government currently owns $17.05 billion worth of BTC, per data from the blockchain analytics…
A widely followed crypto analyst is updating his outlook on Bitcoin (BTC) after President Donald Trump announced the creation of a Federal crypto strategist reserve earlier this week. In a new strategy session, pseudonymous crypto trader Kaleo tells his 692,800 followers on the social media platform X that the unveiling of the strategic reserve is the most bullish announcement he’s heard in the history of the crypto king. “Bitcoin has literally never had a more bullish announcement and some people are selling here.” According to Kaleo, those panic selling the news are making a huge mistake, as he predicts the…
Fold Holdings is announcing that it has acquired 475 more Bitcoin (BTC), increasing its total holdings to over 1,485 BTC. According to a new press release, the acquisition ups Fold’s BTC treasury by nearly half, launching the company into the top ten US public companies in terms of Bitcoin holdings. According to the press release, the purchase was made through a convertible note, offering a conversion price of $12.50 per share. In the announcement, CEO Will Reeves underscored Fold’s commitment to advancing Bitcoin financial services. “We believe Bitcoin will play a key role in the foundation of a new financial…