Author: The Daily Hodl
A UK man is reportedly suing his city council for hundreds of millions of dollars for not allowing him to dig up his old hard drive containing Bitcoin (BTC) from a landfill. According to a new report by WalesOnline, James Howells has filed a $647 million lawsuit against the City Council of Newport for blocking him from recovering his hard drive for over a decade after a misunderstanding caused it to be dumped in a recycling center. Howells says that he attempted to contact the council for over 10 years but was largely ignored, going as far as funding and…
A new memecoin has seemingly come out of nowhere to break into the top 100 crypto assets by market cap with incredible rallies. SPX6900 (SPX), a reference to the S&P500 index which satirically aspires to “topple the S&P 500 by achieving a staggering $69 trillion market cap” is currently up nearly 5,000% in the last 30 days. On September 13th, SPX was trading at $0.0179 and is currently valued at $0.909 a month later with a $849 million market cap. It is currently up nearly 69,000% from its all-time lows recorded earlier this year. Says the memecoin’s official website, “As…
Republican presidential nominee Donald Trump is announcing a token sale for his decentralized finance (DeFi) platform World Liberty Financial (WLFI) as the election approaches. In a new thread on the social media platform X, the former president says that WLFI will hit the marketplace early this week, though no price was specified. “Token Sale goes live on Tuesday morning, October 15th! This is YOUR chance to help shape the future of finance. Be there on Monday, October 14th at 8 AM EST for an Exclusive Spaces to learn more.” In August, Trump announced the launch of his platform – at…
A top crypto strategist known for making timely Bitcoin calls is outlining a price level where he thinks BTC’s eight-month consolidation could come to a close. Pseudonymous analyst DonAlt tells his 589,100 followers on the social media platform X that he believes Bitcoin will gather more bullish momentum if it clears a crucial resistance area. The trader also notes that it would be healthy for BTC to retest its immediate support before moving higher. “>$65,000 and I’d wager we’ve finally escaped the endless chop<$58,000 and sadness awaits>$61,700 is a good first step towards $65,000 being broken I’m hopeful we’ll go…
Bitwise chief investment officer Matt Hougan is pointing out metrics for one Solana (SOL) competitor that he says are impressive. Hougan tells his followers on the social media platform X that out of all the charts he’s looked at recently, the on-chain metrics of Aptos (APT) are standing out the most. He shares charts showing rises in daily transactions and active addresses on Aptos, which have started picking up in the last several months. “Every week I start my Friday by looking at ~150 charts. Sometimes, one or two stand out. This week, I was struck by these two fromAptos.” …
A closely followed crypto strategist and trader believes that steep rallies are now in sight for Bitcoin (BTC). Pseudonymous analyst Inmortal tells his 216,500 followers on the social media platform X that Bitcoin appears to be mirroring its 2023 price action. Back then, Bitcoin consolidated below $30,000 before igniting a parabolic surge to new all-time highs. Says Inmortal, “365 days ago today, we were about to go parabolic. October 2023-2024 are a copy. BTC.” Zooming out, the analyst says Bitcoin appears to be in the final stages of consolidation following this year’s halving event when BTC miner rewards were cut…
Cryptocurrency spot and derivatives exchange OKX is rolling out new trading pairs for the dollar-pegged USDC, the second-largest stablecoin by market cap. In a statement, the Seychelles-based exchange says it is going to introduce six new spot trading pairs for USDC on Monday. “To support the growth of the USDC ecosystem and meet our users’ diverse trading needs, OKX is introducing the following USDC trading pairs in our spot trading between 9:00 am and 9:30 am UTC on October 14, 2024: AEVO-USDC, ATH-USDC, CATI-USDC, ETHFI-USDC, JUP-USDC, ZETA-USDC.” OKX is bolstering its support for USDC amid a slightly weaker outlook for…
The chief executive of market intelligence firm CryptoQuant says that Bitcoin (BTC) is nearing the longest sideways consolidation period ever during one of its halving years. In a new thread on the social media platform X, Ki Young Ju says that if the crypto king doesn’t spark a rally within the next two weeks, it would mark the longest consolidation period in a halving year. “285 days have passed in 2024. If there is no Bitcoin bull market within the next 14 days, this will mark the longest sideways in a halving year in history.” Bitcoin’s halving cycle occurs every…
Widely followed crypto analyst Ali Martinez says that Ethereum (ETH) may be in for another correction if one critical support level breaks. Martinez tells his 74,000 followers on the social media platform X that $2,300, which is about a 7% correction away from current prices, is an important price level for ETH bulls to hold. Martinez shares an In/Out of the Money Around Price (IOMAP) chart, which aims to show addresses that are profiting (in the money), breaking even (at the money) or losing money (out of the money) on their positions. “The key support level for Ethereum is $2,300,…
Seasoned trader Peter Brandt is warning that Bitcoin (BTC) has historically witnessed a massive meltdown after failing to print new record highs for a certain amount of time. The legendary trader tells his 742,500 followers on the social media platform X that BTC is at risk of collapsing after failing to spark sustained rallies for about eight months. “Hey Bitcoiners, are you familiar with the concept of ‘market analogs?’ Here is something to think about. It has been 30 weeks since BTC made an ATH (all-time high). Whenever [BTC] has not made a decisive new ATH within this time length,…