Author: The Daily Hodl

A man linked to the launch of two collapsed memecoins has reportedly gone ahead with another project despite a potential Interpol Red Notice with his name on it. Blockchain analytics firm Bubblemaps reports that Hayden Davis was involved in launching WOLF, a coin inspired by the Wolf of Wall Street, the hit film based on former stockbroker Jordan Belfort. Davis admitted to being behind the launch of LIBRA, a memecoin initially backed by Argentinian president Javier Milei. He was also copped for his involvement in the launch of MELANIA, a coin based on US First Lady Melania Trump. Both coins…

The crypto project backed by US President Donald Trump has acquired another multi-million-dollar batch of digital assets, on-chain data shows. According to blockchain tracking firm Lookonchain, World Liberty Financial (WLFI) bought about $2 million worth of Avalanche (AVAX) and Mantle (MNT). Avalanche is a layer-1 Ethereum (ETH) rival, while Mantle is a prominent Ethereum layer-2 scaling solution. However, Lookonchain notes that WLFI’s portfolio, which includes more than 11 crypto assets, is losing on every single token, down nearly $120 million in total. “Trump’s World Liberty [Financial] bought 103,911 AVAX ($2 million) and 2.45 million MNT ($2 million)… In total, World…

Ethereum (ETH) has likely reached a bottom based on several on-chain metrics, according to crypto analytics firm Glassnode. Glassnode takes a look at a cost basis distribution (CBD) heatmap, which shows how many ETH positions break even at each price level and can often be used to pinpoint support and resistance zones. The firm says the metric is currently suggesting ETH has strong support at around the $1,886 level. “Ethereum’s Cost Basis Distribution (CBD) shows rising supply at $1,886, increasing from 1.6 million to 1.9 million ETH. This suggests a potential short-term price floor as investors accumulate at these levels,…

A crypto strategist known for accurately calling Bitcoin’s pre-halving correction last year says BTC may abruptly end its correction if a technical setup plays out. Pseudonymous analyst Rekt Capital tells his 542,500 followers on the social media platform X that Bitcoin’s relative strength index (RSI) indicator is flashing a bullish divergence on the daily chart. A bullish divergence on the RSI is typically viewed as a reversal signal as it indicates that buying momentum is increasing even if an asset’s price trades lower or sideways. “Promising early-stage signs of a Bullish Divergence developing Reclaiming the previous lows of $84,000 could…

A crypto analyst says deep-pocketed investors are snapping up the top layer-1 platform Ethereum (ETH) amid the marketwide digital asset correction. Trader Ali Martinez tells his 132,900 followers on the social media platform X that whales gobbled up more than $815.514 million worth of ETH in less than a week. “Whales have bought more than 420,000 Ethereum ETH in [five days]!” Martinez is also keeping a close watch on Ethereum’s In/Out of the Money Around Price (IOMAP) metric – which classifies crypto addresses as either profiting, breaking even, or losing money – to determine support and resistance levels for ETH.…

Billionaire hedge fund manager John Paulson is pouring capital into one of the strongest sectors of the market. Paulson, who runs Paulson & Co., just bought $33.72 million worth of International Tower Hill Mines Ltd. (THM), boosting his firm’s stake by over six million shares in Q1 of 2025. SEC filings show the move has brought his total ownership to more than 70 million shares, with Paulson & Co. grabbing a 37% slice of the gold mining company. Paulson has also added a new $23.73 million position in Alphabet Inc. (GOOGL), Google’s parent company in a pivot to technology, with…

The Central Bank of the Russian Federation has reportedly released a proposal that if approved, would allow qualified entities to trade crypto assets. In a statement, the central bank proposes a three-year experiment where wealthy investors and certain firms have the greenlight to buy and sell crypto assets, reports Reuters. The Central Bank of Russia says the experiment is designed to boost transparency in crypto trading but warns that participants can lose money dabbling into digital assets. “This is a new status that … citizens will receive if their investments in securities and deposits exceed 100 million roubles ($1.15 million)…

Authorities in Argentina are reportedly looking to initiate the arrest of Hayden Davis, who was allegedly involved in pump-and-dump schemes for at least two memecoins. An Argentinian prosecutor has filed a request with a judge to issue an Interpol “Red Notice” – or an international arrest warrant – for Davis because of his involvement with Argentinian president Javier Milei-inspired LIBRA and US First Lady Melania Trump-backed MELANIA, Forbes reports. Hayden admitted to backing the launch of LIBRA and, according to on-chain analysts, was also involved in launching MELANIA – both of which crashed mere hours after launch and are down…

The financial services giant Cantor Fitzgerald is predicting the stock market will see rallies in the next one to two weeks. In a new interview on CNBC Television, Eric Johnston, a macro strategist at Cantor Fitzgerald, says that he expects a short-term bounce in the stock market during the next couple of weeks even though he says the equity environment looks “fairly poor.” “You have an economy that is clearly slowing. Uncertainty is quite high… But within that view, we think we’re going to get a tactical rally here, probably somewhere in the range of 3% to 5% in the…

Blockchain oracle service Chainlink has undergone a quarterly token unlock of 19 million LINK worth over a quarter of a billion dollars. According to pseudonymous on-chain analyst Ember CN, two Ethereum (ETH) addresses unlocked and transferred 19 million LINK tokens worth $262 million to new wallets. Of the unlocked tokens, Ember CN says $205 million worth of LINK was sent directly to Binance, the world’s largest crypto exchange by trading volume. An additional $57 million worth of LINK was transferred to a separate multi-signature address. Says Ember CN, “Every three months, Chainlink’s non-circulating supply address will unlock about 10 to…