Author: The Daily Hodl

The popular Ethereum (ETH)-focused crypto wallet MetaMask plans to introduce native Bitcoin (BTC) and Solana (SOL) support in the coming months. MetaMask announced this week that Solana would be added in May, which represents the wallet’s first native non-Ethereum Virtual Machine (EVM) support. The project plans to add Bitcoin compatibility sometime in Q3. SOL defied a wavering crypto market on Friday and surged by 7.5%. The sixth-ranked crypto asset by market cap is trading at $147.49 at time of writing. MetaMask announced the new features amid a swelling user base. In a statement issued in February, the wallet’s developer Consensys…

BlackRock, the world’s largest asset management firm, has reportedly incorporated its iShares spot Bitcoin (BTC) exchange-traded fund (IBIT) into some of its model portfolios. Bloomberg, citing a BlackRock investment outlook that its journalists had viewed, reports that the firm added a 1-2% allocation for IBIT in model portfolios that allow for alternative investments. Model portfolios are a basket of different investments crafted by a financial advisor. Michael Gates, lead portfolio manager for BlackRock’s Target Allocation ETF model portfolio suite, reportedly wrote in an investment commentary this week that the firm believes Bitcoin has “long-term investment merit and can potentially provide…

An under-the-radar altcoin defied the wider crypto market slump and surged in price this week amid a new strategic investment. Vana (VANA) is a layer-1 network for user-owned data. The project aims to allow users to contribute, tokenize, and share their data to create next-generation artificial intelligence (AI)-focused applications. The project’s native asset, VANA, launched in December and is trading at $8.88 at time of writing. The 228th-ranked crypto asset by market cap is up nearly 3% in the past day and more than 37% in the past week. VANA’s gains largely materialized after YZi Labs, formerly known as Binance…

The financial services titan CME Group says it’s launching new futures contracts based on the smart contract platform Solana (SOL) in March. In a new press release, the CME Group announces that it will be rolling out two Solana-based futures contract options on March 17th – a micro-sized one worth 25 SOL and a macro-sized contract worth 500 SOL. However, the firm notes that the launch of the products is still pending regulatory review. According to Giovanni Vicioso, CME’s global head of crypto products, the rollout of the contracts is happening due to burgeoning client demand for regulated products based…

Standard Chartered’s head of digital asset research Geoffrey Kendrick is leaning bullish on Bitcoin (BTC) amid a correction that has seen the crypto king fall 25% from the all-time high reached in January. Kendrick says in a CNBC interview that a “lot of negativity” thrown at the crypto sector recently has driven Bitcoin to levels last witnessed about four months ago. “So somewhat challenging times but again for me the medium-term story still remains very, very positive.” According to Kendrick, Bitcoin could go up 145% this year and up to 513%, or roughly 6x, by early 2029. “[The] medium-term topside…

A closely followed economist thinks that Bitcoin (BTC) may be forming a market bottom after a deep correction that tapped the $78,000 level. Alex Krüger tells his 206,200 followers on the social media platform X that if Bitcoin’s bottom is in, the flagship crypto asset will soon march back to $92,000. He also says a bear trap would be confirmed if Bitcoin reclaims $92,000 as support. A “bear trap” is when a price goes low enough to convince bears to sell or go short before quickly reversing in the opposite direction of their positions. “BTC did lose its prior range…

Cryptocurrency analyst and trader Ali Martinez is warning that a top memecoin could plunge significantly amid the market downturn. Martinez tells his 128,900 followers on the social media platform X that Pepe (PEPE) is “about to crash” after breaking down below the lower boundary of a parallel channel it has been trading in for almost a year. “Since March 2024, Pepe tends to drop to the lower support trend line and then it rises to the upper resistance trend line. From this level, Pepe tends to drop back to the lower support trend line and from here it rebounds again.…

A popular crypto strategist says that the altcoins currently showing market strength despite Bitcoin’s (BTC) downturn may spearhead the next digital asset rally. Pseudonymous analyst Credible Crypto tells his 463,000 followers on the social media platform X that payment tokens Litecoin (LTC) and XRP may soon be top market performers as they hold key support levels above recent low prices despite Bitcoin’s price collapse this week. “At this time, for the the first time in a while, select alts are holding their own against prior lows while BTC has nuked below its own relative range lows. Look for those alts…

An AI data-focused altcoin avoided the crypto market downtick this week after being added to Coinbase’s listing roadmap. Cookie DAO (COOKIE) aims to serve as an index and data layer for AI agents. The project’s native token, COOKIE, is priced at $0.215 at time of writing and is trading roughly even in the past day and week. The overall crypto market cap, by comparison, is down 5% in the past 24 hours and nearly 16% in the past seven days, according to data from CoinGecko. Coinbase added COOKIE to its listing roadmap after Binance rolled out support for the asset…

Top US-based crypto exchange platform Coinbase is abruptly adding support for one decentralized finance (DeFi) lending protocol built on Ethereum (ETH) and Base. In a new announcement, Coinbase says it’s adding support for borrowing and lending project Morpho (MORPHO), causing the digital asset to rise in price. News of the addition sent MORPHO flying as the crypto asset went from a low of $2.05 on February 27th to a peak of $2.42 just a day later. MORPHO has since stabilized and is trading for $2.21 at time of writing, a 7.9% gain during the last 24 hours. Morpho, which launched…