Author: The Daily Hodl

Popular crypto wallet MetaMask is seeing a surge in active users. In a statement, MetaMask developer Consensys says that the wallet’s monthly active users (MAU) grew from 19 million to over 30 million between September 2023 and January 2024, representing an increase of over 55%. The current number of monthly active users nearly matches Metamask’s historical high of 31.7 million in January 2022. “This growth nearly matches the peak figures seen during the bull market in 2022.” The announcement comes after MetaMask inked a partnership with trading platform Robinhood to enable users to seamlessly buy crypto assets directly within the wallet.…

A widely followed crypto strategist thinks that Bitcoin’s current strength will push BTC to a price level that exceeds people’s expectations this cycle. Analyst Michaël van de Poppe tells his 711,000 followers on the social media platform X that Bitcoin managing to print a new all-time high above $73,000 before the halving – when miners’ rewards are slashed in half – is a solid signal of strength. According to the crypto trader, he sees BTC generating more than 4X gains from current levels before witnessing a cycle top. “Bitcoin still facing crucial resistance. If this breaks, then we’ll be seeing…

Billionaire and founder of Tron (TRX) Justin Sun is revealing his Bitcoin (BTC) holdings on crypto exchange HTX. Sun tells his 3.5 million followers on the social media platform X that his HTX account holds 28,613 BTC, worth about $1.62 billion at time of writing. Sun is an advisor for HTX, formerly known as Huobi, and he says he is revealing his BTC holdings in response to critics saying he is not an active user of HTX. “My personal HTX account balance (just for those who are saying I’m not using HTX much)… Personally, I use almost all main exchanges…

Tether has released a plan to safeguard its stablecoin USDT in the event that the blockchains it operates on become unresponsive. According to a new press release, Tether is making improvements to increase both blockchain resilience and user protection in a worst-case scenario type of event. Because USDT is used on so many different blockchains, Tether says a “blockchain recovery plan” is necessary if any USDT transactions are disrupted. With such a plan in place, Tether aims to avoid any user disruption and maintain USDT accessibility. “Tether is a lifeline for hundreds of millions of users across the globe. Tether is…

Former Binance CEO Changpeng Zhao says he plans to launch an initiative to provide free education at the elementary and high school levels. Zhao, also known as CZ, tells his 8.9 million followers on the social media platform X that he intends to launch the Giggle Academy to reduce adult illiteracy rates, which are disproportionately higher in South Asia, West Asia and sub-Saharan Africa. Says Zhao, “My next project: Giggle Academy (No logo yet). Free basic (grade 1-12 ish) education, for all. No revenue. Gamified. Adaptive. Read the concept paper at giggleacademy.com. We are hiring. Small team, work directly with…

Closely followed crypto analyst Jamie Coutts says one indicator with a history of calling Bitcoin Q2-Q3 rallies is potentially about to flash green for BTC. Coutts tells his followers on the social media platform X that the dollar index (DXY), which measures the strength of the US dollar against a weighted basket of other major foreign currencies, is a critical indicator to watch for Bitcoin. DXY is often inversely correlated with risk assets, rising when they sell off and falling when they rally. According to Coutts, every summer (June to September) Bitcoin rally has been sparked by a weakening dollar…

Binance’s head of financial crime compliance reportedly appeared at a Nigerian court hearing on Thursday following charges of money laundering and tax evasion. Nigerian prosecutors have asked that Tigran Gambaryan, Nadeem Anjarwalla and Binance itself be put on trial for operating without the required license, unlawfully negotiating foreign exchange rates, tax evasion and concealing the origin of illegal proceeds and revenue of $35.4 million, according to a report from Associated Press. However, only Gambaryan appeared in court, as his colleague Anjarwalla fled Nigerian custody last month. A spokesperson for Anjarwalla said, “Nadeem left unlawful custody on Saturday [March 23rd], he…

Bitcoin (BTC) is flashing a bullish signal based on one historical factor, according to market intelligence platform Santiment. In a new thread, the crypto analytics firm says that it appears as if the top crypto asset by market cap is losing momentum after skyrocketing nearly 150% since October. However, Santiment notes that historically, the more people are worried about BTC in the long term, the higher the chances are of a continued market rise. “Is crypto still in a bull market after Bitcoin’s +144% price return since October 15th? Well, according to the crowd, the belief has fizzled out significantly.…

A widely followed crypto strategist believes that top meme token Dogecoin (DOGE) looks bullish even after last week’s marketwide correction. Pseudonymous analyst Altcoin Sherpa tells his 214,100 followers on the social media platform X that DOGE has managed to stay above a key support level on the weekly chart even after dropping to a seven-day low of $0.169. With the weekly support intact, the trader now sees DOGE igniting a nearly 60% rally from current levels. “DOGE: held above [the] weekly level for now, resume the pump to $0.32. I think being long DOGE is a completely reasonable idea and…

The blockchain infrastructure project Espresso Systems has raised $28 million in a Series B funding round led by investment giant Andreessen Horowitz (a16z). Espresso aims to increase interoperability between Ethereum (ETH) rollups by building a marketplace where rollups can sell the right to build their blocks to bidders. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. Espresso notes that Polygon, Taiko, o1Labs, StarkWare, Offchain Labs and strategic investors from more than 30 ecosystem projects joined their recent Series B round. The project had already raised $32 million between a seed round in 2020…