Author: The Daily Hodl
A memecoin based on the name and likeness of a baby hippopotamus in a Thai zoo is stumbling at the gates following a new Coinbase listing. Yesterday, Coinbase announced the listing of Moo Deng (MOODENG), a Solana (SOL)-based memecoin. “Moo Deng (MOODENG) is now live on http://coinbase.com & in the Coinbase iOS & Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” Moo Deng is the name of a baby pygmy hippopotamus born in the Khao Kheow Open Zoo in Si Racha, Chonburi, Thailand, this past summer. The hippo has become an…
A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is gearing up for a massive rally while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Justin Bennett tells his 114,600 followers on the social media platform X that decentralized exchange (DEX) Curve Finance (CRV) looks primed to skyrocket by over 500%. “Unsure if we’ll even get the pullback first, but CRV looks ready for $6.80 while above $0.87.” CRV is trading for $1.11 at time of writing, a 2.7% decrease during the last 24 hours. A spike to Bennett’s target price of $6.80…
Bitcoin (BTC) shattered the $100,000 milestone for the first time after President-elect Donald Trump announced his new pick to chair the U.S. Securities and Exchange Commission (SEC). According to a new report by AP News, Trump has picked former SEC Commissioner and current Patomak Partners chief executive Paul Atkins to head the regulatory agency. As stated by Trump on Truth social media, according to AP, “[Atkins] believes in the promise of robust, innovative capital markets that are responsive to the needs of Investors, and that provide capital to make our economy the best in the world. He also recognizes that…
Leading crypto asset manager Grayscale just submitted a 19b-4 filing to the U.S. Securities and Exchange Commission (SEC) to convert its Solana Trust into a spot exchange-traded fund. The Digital Currency Group (DCG) subsidiary’s Solana Trust is currently the largest Solana investment fund by assets under management (AUM). It manages $134.2 million worth of SOL, roughly 0.1% of all Solana in circulation. Grayscale says it is seeking to list the Solana Trust as an ETF so it can closely track the value of the underlying crypto asset. “The Sponsor thus believes that allowing Shares of the Trust to list and…
A closely followed crypto analyst believes altcoins may be gearing up for another series of rallies after Bitcoin’s (BTC) historic run past $100,000. In a new strategy session, crypto trader Michaël van de Poppe tells his 747,900 followers on the social media platform X that altcoins may break out once Ethereum (ETH) starts to surge again in its Bitcoin pair (ETH/BTC). “ETH has hit 0.04 BTC and came back down as Bitcoin started to rally. I expect that we’ll consolidate some more and then we have another strong run on the altcoins.” ETH/BTC is trading for 0.03848 BTC ($3,876) at…
The co-founders of the crypto analytics platform Glassnode believe that Solana (SOL) may be gearing up for a massive run after being outperformed by rivals. Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,200 followers on the social media platform X that massive network activity could cause a Solana surge after the digital asset has retraced from printing a new all-time high. “The SOL always rises for everyone. If the market allows, this price zone could present a potential entry for SOL. After reaching a new all-time high, it has lagged slightly behind other layer-1s…
Crypto veteran Arthur Hayes thinks the affordability of one Solana (SOL) rival could help it emerge as the preferred choice for future initial coin offerings (ICOs). In a new analysis, the BitMEX co-founder highlights the low per-transaction cost of the layer-1 blockchain Aptos (APT). “In 2017, it was not uncommon for a hot ICO to render the Ethereum network inoperable. Gas fees would spike, and no one could use the network affordably. In 2025, the cost of block space on Ethereum, Solana, Aptos and other layer-1’s will be extremely cheap. The current order throughput is orders of magnitude higher than…
Cryptocurrency analyst Benjamin Cowen is leaning bullish on Bitcoin (BTC) as the flagship digital asset hovers above $100,000. Cowen tells his 836,000 YouTube subscribers that if Bitcoin follows the cyclical view of booms and busts that come after the halving event every four years, BTC “could get one more push higher before the end of the year.” According to the widely followed analyst, a lower or an unchanged US unemployment rate could be bullish for Bitcoin. “So in order for Bitcoin to continue to push higher though into the end of the year and continue to follow the cyclical view…
An ancient Bitcoin wallet suddenly sprung to life this week and moved more than $257 million worth of BTC after 11 years of slumber. The crypto tracker Lookonchain first spotted the unknown address, which moved 2,700 BTC to another wallet on Tuesday. The long-dormant wallet received the trove of BTC in December 2013, when the top crypto asset only cost $625.84. BTC was priced at $95,361 at the time of Tuesday’s transfer, meaning the USD value of the wallet’s holdings skyrocketed by a staggering 15,137.4% in 11 years. Data from BitInfoCharts indicates the long-dormant wallet did receive trace amounts of…
Bitcoin has now surpassed $100,000 as Wall Street sinks its teeth into the top digital asset. The price of BTC has jumped to a high of $101,349 at time of publishing, up 5.5% in the last 24 hours. BTC’s historic push above six-figures comes after this year’s explosive launch of Bitcoin ETFs and last month’s billion-dollar launch of Bitcoin ETF options. Collectively, US-based Bitcoin ETFs have now amassed more than $110 billion in BTC, according to the crypto data aggregator Coinglass. BlackRock’s Bitcoin ETF is the fastest growing of all-time, and is already larger than BlackRock’s gold ETF – despite…