Author: The Daily Hodl
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…
Pennsylvania’s House of Representative is passing a new bi-partisan crypto bill that protects the self-custody rights of customers, establishes Bitcoin (BTC) as a valid payment method, and provides clear guidelines on how BTC transactions should be taxed. According to new documents, Pennsylvania’s House passed the bill – known as the “Bitcoin Rights bill” – earlier this week with the backing of both Democrats and Republicans, meaning it’s now on its way to the Senate floor for further consideration. “The Commonwealth or a municipality may not prohibit, restrict or otherwise impair the ability of an individual or business to do either…
A closely followed crypto analyst says the crypto markets are about to go parabolic, predicting a massive six-figure price tag for Bitcoin (BTC). In a new strategy session, crypto trader Michaël van de Poppe tells his 733,700 followers on the social media platform X that if they believe in the narrative surrounding BTC’s halving cycles, the crypto king could shoot up a price of between $300,000 and $500,000 by the end of the year. “It’s about time that the markets go vertical. If, that’s the question, you believe in the four-year halving, then we’re on the verge. Whether it is…
Ethereum (ETH) creator Vitalik Buterin is not seeing eye to eye with Microstrategy executive chairman Michael Saylor when it comes to the custody of Bitcoin (BTC). In an interview, Saylor said that unlike with Bitcoin held by unregulated entities, lawmakers and law enforcement authorities are less likely to go after crypto held by regulated public entities such as financial titans BlackRock and JP Morgan. “I think that when Bitcoin is held by a bunch of crypto anarchists who aren’t regulated entities, who don’t acknowledge government or don’t acknowledge taxes or don’t acknowledge reporting requirements, that increases the risk of seizure.”…
The U.S. Department of Justice has launched an investigation into the stablecoin company Tether, according to a new report. A criminal investigation into the company and its dollar-pegged stablecoin USDT is underway, spearheaded by the U.S. attorney’s office in Manhattan, reports the Wall Street Journal. The DOJ is investigating “possible” violations of sanctions and anti-money-laundering rules, according to people familiar with the matter. Tether CEO Paolo Adroino has responded to the news, reports Reuters, saying the firm has seen “no indication” that any investigation is underway. The Wall Street Journal’s report has triggered a small de-peg for USDT, with the…
Banking giant JPMorgan Chase just released its US election playbook for investors. The bank’s strategists say “Trump trade” dynamics are clearly playing out over the last couple of weeks, alongside former President Donald Trump’s surge in betting markets. “Small- and mid-cap stocks have outperformed their large-cap peers on hopes of lower taxation and deregulation. U.S. Treasury yields have jumped some 40-50bps across the curve on the expectation that tariffs, lower taxes, and anti-immigration laws will be inflationary and keep the Fed on the cautious side. The dollar has gained from recent lows alongside the surge in bond yields.” If Vice…
US-based crypto exchange Kraken has unveiled its Ethereum (ETH) layer-2 blockchain that will be launched on testnet later this year. In a statement, Kraken says the layer-2 blockchain, called Ink, is designed to enable seamless access to decentralized finance (DeFi). The blockchain is built on Optimism’s Superchain, a network of interconnected layer-2 chains powered by the open-source OP stack. “As a natural evolution of our mission, Ink will serve as a seamless bridge to DeFi, empowering users to move onchain with confidence and ease.” Ink says it has all the resources, connections and trust needed to build the future of…
A closely followed crypto strategist is suggesting that Bitcoin may soar by triple digits this cycle while one altcoin may even outperform BTC. Pseudonymous analyst Inmortal tells his 217,800 followers on the social media platform X that Bitcoin’s cycle top may end up being 164% more than its current value. “This cycle top will be $127,000 – $180,000 if we are lucky. But you are not ready for this conversation.” He also believes that if former president Donald Trump, who has spoken in support of crypto, wins the US presidential election in November, Bitcoin could surge even higher. “If the…
A widely followed cryptocurrency analyst and trader is turning bullish on a memecoin built in the Solana (SOL) ecosystem. The analyst pseudonymously known as Bluntz tells his 286,900 followers on the social media platform X that Popcat (POPCAT) is “about to go parabolic.” Bluntz says that Popcat has stayed “insanely strong” amid a correction in the crypto market over the past few days. “Strength during marketwide pullbacks usually turns into undeniable outperformance during market-wide strength.” Based on a four-hour chart by the pseudonymous analyst who regularly applies the Elliott Wave theory in his technical analysis, it appears that Bluntz is…
Analyst Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers below $70,000. In a new video, Svenson tells his 80,100 YouTube subscribers that Bitcoin is on the cusp of reaching a new all-time high. According to the analyst, several factors could combine to trigger a new Bitcoin record high “before the end of the year, maybe within a month.” “…going into the elections, we’re almost always bullish going into US presidential elections…. …every time we break the [Bitcoin] all-time high, it’s after a US or during a US election and inauguration season. Every time. And…