Author: The Daily Hodl
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…
Solana (SOL) co-founder Anatoly Yakovenko opposes the idea of the US establishing a crypto strategic reserve. In a post on the social media platform X, Yakovenko cites why he does not support Donald Trump’s decision to create a national reserve of digital assets, a move that the President says will ensure the US becomes the “crypto capital of the world.” “My reserve order of preference: No reserve, because if you want decentralization to fail you’d put the government in charge of it. Or states run their own reserve as a hedge against the Fed making a mistake. Or if there…
New data from market intelligence firm Santiment shows that one key segment of all Bitcoin (BTC) holders is suddenly declining. In a new update, the crypto analytics platform says that the number of crypto whales holding at least 100 Bitcoin decreased in the past month – even as the number of network wallets has grown overall. While those holding less than 100 Bitcoin surged in the last month, those holding 100 or more BTC declined by six. According to Santiment, the growth or decline of those holding 100 or more Bitcoin has a large influence on the price action of…
Binance, the largest crypto exchange by trading volume in the world, has rolled out trading support for a brand-new multichain oracle altcoin. Traders on the top global crypto exchange can now buy and sell RED, the native asset of the modular blockchain oracle RedStone. RedStone bills itself as “the fastest-growing blockchain oracle” with users on more than 80 chains. “In 2024 alone RedStone user base grew by over 500%, and Total Value Secured grew by over 6,000%. Powered by novel, sustainable tokenomics, RED will accrue REAL YIELD from RedStone data users. Staked RED will receive a portion of data consumer…
Analyst and trader Ali Martinez is leaning bearish on a leading memecoin while offering his outlook on three other crypto assets. Martinez tells his 129,900 followers on the social media platform X that Dogecoin (DOGE) could crash by around 93% from the current level if it breaks down from the lower boundary of an ascending channel – a pattern that has stood intact for over a decade. “Dogecoin has been trading inside an ascending channel. Since 2014, Dogecoin has tended to rebound from this channel’s lower support trend line to the upper resistance trend line. And from this level, Dogecoin…
A closely followed crypto analyst and trader is warning that Bitcoin (BTC) may soon return to the $70,000 range. In a new thread, crypto trader Justin Bennett tells his 115,900 followers on the social media platform X that Bitcoin may soon fill a CME gap by dipping to the $77,360 level. A CME gap is the difference between the Friday closing price of Bitcoin and the Monday opening price on the Chicago Mercantile Exchange. Traders watch for gaps as these price differences tend to get filled. Bennett appears to be referring to a gap printed in November of last year.…
A trader and analyst who accurately predicted the crypto bottom in November of 2022 is leaning bullish on Bitcoin (BTC) but with a caveat. In a new video, the trader pseudonymously known as DonAlt tells 65,900 subscribers of the TechnicalRoundup YouTube channel that he has not changed his bullish bias on Bitcoin and is still “expecting higher” prices for the flagship crypto asset. “Trend still strong though… [On the weekly time frame] last week, [Bitcoin] wiped below the range and then closed all the way back in it. This is bullish – like that’s a really good close. And then…