Author: The Daily Hodl
Ethereum (ETH) founder Vitalik Buterin says that on-chain privacy should be accepted as normal following his transaction with the Railgun protocol. First reported by crypto reporter Colin Wu, Arkham Intelligence data shows that Buterin recently transferred 100 ETH using the privacy protocol. “Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun at 17:40 UTC+8 today. Railgun is an EVM privacy protocol that enables DeFi private transactions. Over the past six months, Vitalik Buterin has been interacting with the Railgun using small amounts of ETH basically every month.” Responding directly to Wu’s post, Buterin said, “Privacy is normal. Railgun uses the…
Crypto investors in Germany, Austria and Switzerland are devoting large portions of their overall portfolios to digital assets, according to a new study conducted by Big Four accounting firm KPMG. KPMG partnered with the German-language crypto media platform BTC-ECHO to poll 2,400 private digital asset investors across those three European countries, which are collectively known as the DACH region. The study says that, on average, the respondents have allocated more than 25% of total assets to crypto. More than half (54%) say they’ve invested at least 20% of their total assets into crypto. Additionally, 34% of the investors say they…
A widely followed crypto analyst and trader is unveiling a list of crypto assets he is holding after last week’s altcoin meltdown. The trader pseudonymously known as The Flow Horse tells his 211,400 followers on the social media platform X that his crypto portfolio currently consists of Bitcoin (BTC), Solana (SOL), Ethereum (ETH), dogwifhat (WIF) along with a variety of crypto assets in the artificial intelligence (AI) and the tokenization of real-world assets (RWAs) sub-sectors. According to the pseudonymous trader, he snapped up more Solana than Ethereum during the most recent dip as SOL has been significantly outperforming the top…
Tether (USDT) will soon roll out a fully non-custodial tokenization platform to the public, according to Paolo Ardoino, the stablecoin issuer’s chief executive. Ardoino calls the upcoming platform “a masterpiece.” “Fully non-custodial. Multi-chain. Multi-asset type. Super customizable. Tokenize anything from any bonds, stocks or funds to coffee shop reward points. A white label of our tech that supports USDT, a $107+ billion asset.” The Tether CEO also notes that the tokenization platform will support the Bitcoin (BTC) layer-2 projects RGB and The Liquid Network. “The team building the tokenization platform is actually working on making it available immediately on RGB…
A closely followed crypto analyst and trader is turning bullish on the native asset of a layer-1 blockchain. Pseudonymous analyst Loma tells his 303,500 followers on the social media platform X that BNB, the native asset of the BNB Chain, is displaying strength from both the technical and fundamental viewpoints. “I think [BNB] is a live dark horse for majors. Structurally looks good in both USD and BTC pairing. Negative funding since it’s typically hedged against spot holdings for fee reductions by larger whales. Free of SEC (U.S. Securities and Exchange Commission) persecution in the short/mid-term. I have a bag.”…
A widely followed on-chain analyst thinks that Bitcoin (BTC) bears are about to get wiped out following last week’s crypto correction. Analyst Willy Woo tells his 1.1 million followers on the social media platform X that the most recent Bitcoin retracement to $60,000 flushed out leveraged longs. Woo says he doesn’t see Bitcoin going down in a straight line as he believes that BTC bulls will defend the “formidable” short-term holder (STH) at $59,000. According to the analyst, the odds are higher that BTC will bounce and liquidate traders who shorted at around $70,000. “We flushed out long leverage down…
A popular analyst says that last week’s marketwide correction has put altcoins in a position to see muted price action in the next few months. Pseudonymous analyst The Flow Horse tells his 211,300 followers on the social media platform X that he expects altcoins to trade sideways until July. According to the trader, the lack of retail inflows will keep altcoins range-bound for months with some printing fresh local lows before the next big move up. “Time is a pretty important component of corrections in my opinion, especially in a market that is very long still and has no new…
The largest federal bank in Germany, Landesbank Baden-Wurttemberg, is planning to offer cryptocurrency custody services in the second half of 2024, according to a new report. According to Bloomberg, Landesbank Baden-Württemberg is announcing a new partnership with Bitpanda to offer crypto custody services to institutional clients in the second half of 2024. According to the report, the bank aims to meet increasing corporate demand for digital asset custody. Says Jürgen Harengel, managing director of corporate banking at Landesbank Baden-Württemberg, “The demand from our corporate customers for digital assets is increasing.” According to the report, Bitpanda’s crypto custody platform with decentralized finance…
Ex-Goldman Sachs executive Raoul Pal says two crypto ecosystems are in the race to be the next big layer-ones in the current digital asset market cycle. In a new interview on Bankless, Pal says he’s been looking for what’s going to be the “Solana (SOL)” of the next bull market, or which crypto asset is going to see the same parabolic run-up and adoption wave that Solana has been seeing in the last several years. Pal says he’s looking at two main ecosystems: Blockchains using the Move programming language, and ones using Cosmos (ATOM). As the Real Vision CEO notes,…
Whales on the Solana (SOL) blockchain are gobbling up memecoin discounts following a marketwide correction over the weekend, according to on-chain data. Blockchain tracking firm Lookonchain spotted two Solana whales that went in to accumulate sloth-themed Slerf (SLERF), Pepe the Frog-themed Book of Meme (BOME) and President Joe Biden-inspired Jeo Boden (BODEN) from crypto exchanges Kucoin and Binance. “What did whales buy on Solana after the market dropped? We noticed whales bought SLERF, BOME and BODEN! 4eocFb withdrew 31,916 SOL ($4.56 million) from Kucoin and spent 2,055 SOL ($294,000) to buy 500,979 BODEN at $0.59. 9CjKf5 withdrew 15,751 SOL ($2.25…