Author: The Daily Hodl

A deep-pocketed crypto holder who bought Bitcoin (BTC) more than 14 years ago has suddenly moved the flagship digital asset at a massive profit. On-chain data shows that on Friday, the previously dormant crypto wallet abruptly moved a Bitcoin stack at recorded gains of 169,358,650%. Says blockchain tracker Whale Alert, “A dormant address containing 50 BTC ($3,387,175) has just been activated after 14.3 years (worth $2 in 2010)!” Also on Friday, on-chain data shows an even larger Bitcoin holder, who was dormant for more than a decade, shifting hundreds of BTC at a 1,269,551% profit. “A dormant address containing 400…

Federal prosecutors reportedly plan to propose a plea deal to the man who allegedly hacked the U.S. Securities and Exchange Commission’s (SEC) social media platform X account earlier this year. The Department of Justice (DOJ) says Alabama native Eric Council Jr., 25, allegedly conspired with others to take unauthorized control of the SEC’s X account and prematurely announced the approval of spot Bitcoin (BTC) exchange-traded funds (ETF) in the US. At a hearing on Friday, he pled not guilty to conspiracy to commit aggravated identity theft and access device fraud, but federal prosecutors also told the judge they planned to…

Analyst Kevin Svenson believes Bitcoin (BTC) remains on track to print new all-time highs despite a months-long consolidation phase. In a new video, Svenson tells his 80,100 YouTube subscribers that Bitcoin may be on the verge of entering the most explosive phase of the market cycle based on historical precedence. “Bitcoin is sitting in a position that is very familiar… After the first halving in 2012 and reaching an all-time high, it took Bitcoin about 41 months to begin trending above the all-time high. After the second halving in 2016 to the all-time high from that all-time high it took…

Tech giant Microsoft is scheduling a shareholder vote in December on the prospect of investing in Bitcoin (BTC) despite recommendations against it. In a new filing with the U.S. Securities and Exchange Commission (SEC), Microsoft’s board of directors recommends voting against considering the idea of investing in the top crypto asset by market cap. In an official statement, the board notes that the proposal itself is unnecessary because the firm’s management team has already carefully taken into consideration whether they should invest in the crypto king or not. “Microsoft’s [teams] evaluate a wide range of investable assets to fund Microsoft’s…

A widely followed cryptocurrency analyst and trader is leaning bullish on a large-cap Ethereum (ETH) competitor while outlining the path forward for the Goatseus Maximus (GOAT) memecoin. Starting with the Ethereum rival, the analyst pseudonymously known as Sherpa tells his 228,300 followers on the social media platform X that Solana (SOL) is set to surge due to robust network activity. “SOL: this one will clearly break all-time highs and this is predictable given all of the on-chain action the last two weeks.” Solana is trading at $174 at time of writing and would need to rally by over 49% to…

Real Vision’s chief crypto analyst Jamie Coutts is saying that Bitcoin (BTC) could witness an over 155% surge from current levels during this market cycle. In an appearance on Raoul Pal’s The Journey Man YouTube channel, Coutts says that Bitcoin could explode to six-figure territory as the global money supply increases. “My base case is if we just look at global M2 (money supply) and back it out to August which was where the Bitcoin cycle peaks, that infers a price of about $100,000 on Bitcoin. I’m placing as a potential outcome but a very low probability outcome. My proportionality…

An altcoin linked to a security-focused crypto wallet skyrocketed by more than 43% in one day, outperforming the broader crypto market. Safe (SAFE) is a smart contract wallet that runs on multiple blockchains. The project’s native token, SAFE, is trading at $1.36 at time of writing, up from around $0.95 on Wednesday. The 124th-ranked crypto asset by market cap is also up nearly 55% in the past week and more than 74% in the past month. Comparatively, the overall crypto market cap is up 1% in the past day, according to CoinGecko. Danilo Pereira, a product marketer at Safe, notes…

A new statue depicting Bitcoin’s anonymous creator Satoshi Nakamoto has just been unveiled in Switzerland. Earlier this morning at the 3rd Annual Lugano Plan B forum in Switzerland, the Plan B Initiative, a collaboration between Tether and the city of Lugano, revealed a statue honoring the faceless BTC creator. “Disappearing Satoshi Nakamoto statue unveiled” The “disappearing” visual effect of the statue represents the BTC creator’s anonymity. Said Lugano Mayor Michele Foletti of the artwork, “Lugano is rapidly becoming a leading hub for digital innovation, and this statue honors Satoshi Nakamoto but also embodies the forward-thinking spirit that drives our city.…

An analyst who nailed the pre-halving Bitcoin correction this year believes BTC is gearing up for a massive breakout. Pseudonymous analyst Rekt Capital tells his 507,400 followers on the social media platform X that Bitcoin may soon surge out of the current consolidation range based on historical precedence. “Bitcoin is still in the ‘re-accumulation around old all-time highs’ phase (green circle). But not for too much longer.” Next up, the analyst suggests that Bitcoin may reach its cycle peak in about a year based on how long it previously took BTC to hit cycle peaks after the halving events when…

Solana (SOL) co-founder Anatoly Yakovenko says that the project’s biggest competitor is now Coinbase’s Ethereum (ETH) scaling solution. In a new interview on the Unchained Crypto YouTube channel, Yakovenko says Coinbase’s Base has become Solana’s biggest rival due to the amount of network activity. “Base is probably the closest competitor now, I would say, when looking at activity. How I break this problem down is … your killer components of PMF (product-market fit) is price, features or content. Ethereum’s weakness was price, and Solana had a killer price that just Ethereum could never get to, just fees to users… What…