Author: The Daily Hodl
Robinhood has submitted a 42-page proposal to the U.S. Securities and Exchange Commission (SEC) requesting regulatory clarity on the tokenization of real-world assets (RWAs) and its potential application to on-chain stock trading. According to a Forbes report, the proposal, filed with the SEC’s Crypto Task Force, outlines a framework for compliant issuance, custody, and trading of tokenized assets, aiming to modernize US capital markets. Quantum Economics founder Mati Greenspan told Forbes, “This proposal could mark the first time a U.S.-regulated broker has laid out a viable path for bringing trillions of dollars in assets onchain – without compromising regulatory integrity.…
A large entity is reportedly accumulating more Bitcoin (BTC) from the world’s top crypto exchange Binance, according to blockchain tracking firm Lookonchain. Lookonchain reports that one crypto whale just accumulated 1,350 BTC, worth $141.91 million at the time, bringing his total holdings to 20,723 BTC, worth $2.19 billion. The deep-pocketed investor is among several whales suddenly accumulating the flagship crypto asset as BTC returns to trading above $100,000. Says Lookonchain, “Many whales are accumulating BTC… bc1qpu (linked to Abraxas Capital) withdrew 675 BTC ($71.03 million) from Kraken [Monday] and currently holds 1,797 BTC ($190.11 million). A newly created wallet ‘bc1q5k’…
Crypto veteran Arthur Hayes thinks the US government’s borrowing needs will drive up the price of Bitcoin (BTC). The BitMEX co-founder predicts in a new interview with Fortune that the top crypto asset could hit $200,000 in the current run and $250,000 by the end of the year. “I believe that the US government has to borrow more money than what we think, and therefore, [Treasury Secretary] Bessent will have to issue more debt and therefore he needs to find a way for these individuals to obtain as much leverage as possible through the banking system and ultimately that means…
A closely followed crypto analyst is predicting that Bitcoin (BTC) is on the verge of printing new all-time highs. Analyst and trader Kevin Svenson tells his 161,300 followers on the social media platform X that Bitcoin may explode to new record high levels based on breakout patterns since April. “Bitcoin breakout (four-hour). Now that we’ve broken out of the consolidation, we have an official measured move target. Target: $115,000.” However, Svenson tells his 82,800 YouTube subscribers that for Bitcoin’s upward momentum to continue, the S&P 500 (SPX) needs to remain bullish based on BTC’s historic correlation with stocks. “Bitcoin, in…
Financial infrastructure firm BounceBit is tapping into BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) for a new real-world assets (RWA) yield strategy tool. According to a new press release from BounceBit, the collaboration mixes traditional finance with blockchain infrastructure, allowing investors to leverage traditional yields with crypto derivatives trading. Per the announcement, the strategy involves executing Bitcoin (BTC) and stablecoin trades with BUIDL as collateral. BounceBit says the trading strategy could raise total annual percentage yield (APY) for investors by 24%. BUIDL is a BlackRock private fund, which is tokenized by Securitize and made available through its Securitize Markets. According…
An international law firm is bringing a class action lawsuit against Strategy – formerly MicroStrategy – and its founder, Michael Saylor. According to a new press release, Pomerantz LLP is announcing a class action lawsuit against the Bitcoin (BTC) treasury firm. Pomerantz says the lawsuit is on behalf of anyone who acquired Strategy securities between April 30, 2024, and April 4, 2025, and alleges that Strategy made “materially false and misleading statements” about its profitability by omitting critical information from its disclosures. Says the press release: “The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading…
A closely followed crypto analyst is predicting Ethereum’s (ETH) path to all-time highs, as well as updating his outlook on two other big altcoins. Trader Michaël van de Poppe tells his 786,500 followers on the social media platform X that he’s expecting ETH to start making a run to $4,800 with anything below the $2,400 level a bargain for bulls. “Anything sub $2,400 on ETH is, after this big move upwards, a steal before we’ll start to run of towards the ATH’s (all-time highs) for Ethereum.” At time of writing, ETH is trading at $2,387, nearing Van de Poppe’s high…
An analyst who called the 2021 crypto market meltdown says that a significant Bitcoin (BTC) correction is likely to occur before new all-time highs are met. The pseudonymous trader known as Dave the Wave tells his 153,500 followers on the social media platform X that he’s expecting BTC to dip to around $90,000 before launching its next leg up, rather than a quick, parabolic ascent. The trader appears to have a rough price target of about $160,000 for BTC by around September of this year. “We all want BTC price higher here and now. But if I were a betting…
A closely followed crypto strategist believes Ethereum (ETH) is in a position to launch parabolic rallies, mirroring its bullish price action five years ago. Pseudonymous analyst Inmortal tells his 232,300 followers on the social media platform X that Ethereum’s market structure on the three-day chart looks very similar to its early 2020 price action. Five years ago, ETH traded between $100 and $200 before the Covid-induced panic ignited a crash to around $86. The downside deviation subsequently triggered a massive rally that sent Ethereum to its all-time high of $4,868. Says Inmortal, “History rhymes, sometimes.” Looking closer at ETH, Inmortal…
Galaxy Digital chief executive Mike Novogratz believes the market cap of Bitcoin (BTC) and crypto will eventually catch up to the valuation of one soaring asset. In a new CNBC interview, the billionaire says that crypto’s correction earlier this year is largely due to an overexuberant investor sentiment along with the launch of speculative assets, including the Official Trump (TRUMP) memecoin. But Novogratz notes that the markets needed the correction to cool off and set the stage for Bitcoin and crypto to surge to new all-time highs. “We had a euphoric top right around [Trump’s] inauguration and a combination of…