Author: The Daily Hodl

One Solana (SOL)-based memecoin is going parabolic after top US crypto exchange Coinbase added the digital asset to its listing roadmap. Coinbase announced adding Peanut the Squirrel (PNUT) to the roadmap, triggering a more than 31% gain Wednesday. PNUT is trading for $1.34 at time of writing. With a market cap of $1.3 billion, the memecoin is the 111th largest crypto project. Coinbase uses the listing roadmap for transparency and to prevent insider trading on coins prior to them being listed. Being placed on the listing roadmap means the firm has determined the asset will likely be available for trading…

One new layer-2 Ethereum (ETH)-based altcoin jumped by triple digits as top US crypto exchange Coinbase added its support. Movement (MOVE) soared to a high of $1.45 Monday, a gain of more than 135% from its low of $0.616, as Coinbase announced the digital asset was listed on its platform for trading. MOVE has since retraced and is trading for $0.65 at time of writing, down 13.1% in the last 24 hours. With a market cap of $1.46 billion, it is the 96th largest crypto project. Coinbase added the “experimental label” to MOVE, which the platform assigns to tokens that…

A veteran trader known for accurately calling the crypto market collapse of May 2021 says that a quick Bitcoin (BTC) rally to $150,000 in the near future is in the cards. Pseudonymous Dave the Wave tells his 147,000 followers on the social media platform X that a sudden 55% rally for BTC wouldn’t be anything out of the ordinary. Based on a chart shared with his followers, the trader appears to suggest that BTC has been trading within a large ascending broadening wedge, with an upper bound near $150,000 if tapped by April. “A BTC move to $150,000 this southern…

The CEO of Bitcoin wallet and payments application Strike believes that approving a US strategic BTC reserve benefits Americans from the bottom up. In a new Kitco News interview, Jack Mallers says he expects the incoming Trump administration to boost the economy by making it clear that the government is pro-growth, pro-business and pro-innovation. He also says the US can deal with its fiscal issues by building a strategic Bitcoin reserve. Mallers highlights that the move would be a huge positive for retail investors, corporations and institutions that already own BTC without negatively impacting those without skin in the game.…

Crypto analyst Benjamin Cowen says there’s one indicator that could signal the end of the Bitcoin (BTC) bull market in the future. In a new strategy session, Cowen takes a look at the MVRV Z-score, which compares the market cap of BTC to the value of each coin the last time it was moved to gauge whether Bitcoin is undervalued, overvalued, or at fair value. Cowen notes that in the past, market cycle tops have occurred when the MVRV Z-Score hits a certain range. “Historically, market cycle tops for Bitcoin have corresponded to an MVRV Z-Score somewhere between seven to…

The firm behind the largest stablecoin by market cap is announcing the achievement of a significant regulatory milestone. In a new announcement, Tether says USDT has become an Accepted Virtual Asset (AVA), as recognized by the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA). Says Tether CEO Paolo Ardoino of the achievement, “This milestone underscores Tether’s commitment to fostering global financial inclusion and innovation. By bringing USDT to the forefront of ADGM’s regulated virtual asset framework, we are not only validating the importance of stablecoins as critical tools for modern finance but also opening new doors for collaboration…

A closely followed crypto strategist believes payments altcoin XRP is primed to witness much higher prices after breaking out from a nearly seven-year holding pattern. Analyst Ali Martinez tells his 96,200 followers on the social media platform X that he thinks XRP could print gains of at least 245% from current prices before the bull market cycle expires. Relying on Fibonacci extension levels, which traders use to spot potential exit points, Martinez says XRP could climb a lot higher after shattering a diagonal resistance that has kept the market bearish since January 2018. “To some, XRP looks overbought! To me,…

Blockchain tracking firm Lookonchain says one savvy crypto trader gained a 2,433,233% profit on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. According to Lookonchain, one anonymous trader turned $3,000 into a whopping $73,000,000 in just 20 months by purchasing memecoin Pepe (PEPE). “Turning $3,000 into $73 million, a 24,656x return, what a legend! Before the market plummeted, PEPE broke through $0.000028, setting a new all-time high! This legendary trader sold another 100B PEPE ($2.8 million) for profit. This trader invested ~$3,000 to buy 4.91 trillion PEPE on April 15th, 2023. Over time, he steadily sold PEPE, cashing out 3.03…

Sushi Labs managing director Jared Grey is outlining what’s next for the multichain decentralized exchange (DEX) SushiSwap (SUSHI). Grey notes on the social media platform X that the Sushi decentralized autonomous organization (DAO) passed a comprehensive governance overhaul in April that will use a “multi-token ecosystem mandate to launch new Sushi products.” “Here is a list of the products we plan to release in 2025: Wara (wara.exchange) – A new comprehensive trading experience on Solana. Susa (susa.exchange) – Sushi’s new on-chain order book perps DEX. Kubo (kubo.bid) – Sushi Labs’ new perps primitive to bootstrap new markets via delta-neutral strategies.…

One of the world’s leading financial service providers is teaming up with Crypto.com in the Asia-Pacific (APAC) region. According to a new Crypto.com announcement, Deutsche Bank is becoming the crypto exchange’s corporate banking partner in Singapore, Australia, and Hong Kong. Says Karl Mohan, Crypto.com General Manager APAC and MEA and Global Head of Banking Partnerships, of the Deutsche Bank partnership, “This is a momentous relationship for us and further highlights our commitment to security and compliance. Teaming up with one of the world’s leading financial services providers further cements our, already strong, presence globally and we are excited to build…