Author: The Daily Hodl
A large Bitcoin investor has been spotted moving a quarter of a billion dollars worth of BTC after lying low for over eight years. Data from blockchain analytics firm Arkham traces the BTC to Coinbase, the largest US crypto exchange, where the deep-pocketed investor bought the BTC before holding on to the stash for nearly a decade. “$250 million BITCOIN WHALE WAKES UP AFTER eight YEARS A Bitcoin Whale that has held BTC since late 2016 has just moved over $250 million in BTC… His Bitcoin stack went from $3 million in early 2017 to over $250 million today –…
A popular crypto strategist says that a confluence of macroeconomic factors is flashing bullish for Bitcoin (BTC). Pseudonymous analyst TechDev tells his 517,800 followers on the social media platform X that the Bitcoin bull market is not yet over based on a setup that features rising global liquidity and a bottoming business cycle. Global liquidity measures the amount of money sloshing in the world’s financial system, while the business cycle refers to the rise and fall of economic activity over time. According to the crypto trader, Bitcoin tends to witness the most explosive part of its bull market whenever global…
A popular crypto strategist believes that memecoins will have their day under the sun after getting crushed over the last few months. Pseudonymous trader Altcoin Sherpa tells his 244,300 followers on the social media platform X that he expects meme tokens to eventually take center stage, highlighting that the crypto sector relies on trader attention. But while the analyst believes that memecoins will make a comeback, he says those that have been around longer than others will likely lead the surge. One asset on his radar is the Solana (SOL)-based token Bonk (BONK). “Most memes got smashed overall but I…
Coinbase, the biggest crypto exchange in the US, is reportedly having acquisition talks with derivatives platform Deribit. Citing people familiar with the matter, Bloomberg reports that Coinbase is in advanced discussions with Deribit to acquire the firm. Deribit is currently the largest centralized trading platform for Bitcoin (BTC) and Ethereum (ETH) options contracts by volume. Both companies have notified regulators in Dubai where Deribit holds a license. The license would be taken over by whichever company acquires the trading platform. Financial details of the deal – which may not go through – haven’t been determined, but Bloomberg reported earlier this…
An insider at a bank with branches across the US is accused of forging documents to steal funds from customers’ accounts. The Department of Justice (DOJ) says that while working as a teller at the unnamed bank’s branch in Boston, Massachusetts, Derek Aut lifted $180,000 from the accounts of two customers. To carry out his scheme, Aut allegedly forged the names of the customers on the withdrawal slips, among other techniques. After the first theft was discovered, Aut siphoned funds from another bank account to replace the missing money. “When one of the victims noticed money missing from her account,…
The chief executive of the world’s largest stablecoin issuer is reportedly looking to receive an audit from one of the biggest accounting firms in the world. According to a new report by Reuters, Tether CEO Paolo Ardoino says the company is in talks with one of the Big Four accounting firms – KPMG, Deloitte, EY and PwC – to receive an audit of its reserves, though no specific group was named. Tether says it holds dollar-denominated reserves for each USDT token it creates and an audit would help improve the transparency of said reserves, which are currently subject to quarterly…
Fundstrat’s head of research, Tom Lee, says that a resolution of President Trump’s tariff war will create a positive setup for financial markets. In a new interview on CNBC, Lee says that contrary to media headlines, the threat of tariffs has potentially already left their mark on the financial landscape, meaning that most of the damage has already been done to markets. Lee references the stock market correction of 1962 during the Cuban Missile Crisis when markets bottomed before the actual resolution of the crisis took place. “I think markets should interpret it positively because I think when we talk…
A prominent analytics firm says one digital asset category with a soaring market cap could fuel a potential market recovery. IntoTheBlock says on the social media platform X that the market cap of stablecoins has risen to a new all-time high. While the analytics firm notes that a growing stablecoin market cap is a sign that traders are selling their coins in favor of dollar-pegged crypto assets, it also indicates that a massive amount of capital is ready to be deployed once conditions turn bullish. “The stablecoin market cap keeps growing, recently surpassing $220 billion. While these tokens are widely…
An Ethereum (ETH)-based altcoin is skyrocketing after gaining support from South Korea’s second-largest crypto exchange. In a new announcement, crypto trading platform Bithumb says that it is now supporting the interoperable cross-chain bridge Across Protocol (ACX), triggering rallies for the digital asset. News of the event caused ACX to surge, as it went from a March 21st low of $0.275 to a peak of $0.462 just a few hours later, a rise of nearly 68%. It has since retraced and is trading for $0.319 at time of writing, a 10% gain during the last 24 hours. In its whitepaper, Across…
A closely followed analyst believes that Bitcoin (BTC) remains in bull territory despite widespread calls for a market downtrend. Pseudonymous analyst Inmortal tells his 231,200 followers on the social media platform X that Bitcoin tends to witness a two-stage bull market based on historical precedence. The trader shares a chart suggesting that the second stage of the Bitcoin bull market would last until the end of the year. “Bull market – Stage two BTC.” Zooming in, the crypto strategist outlines a potential price path for Bitcoin, predicting that BTC will be stuck in a wide trading range for months before…