Author: The Daily Hodl

Billionaire hedge fund manager Paul Tudor Jones is pouring hundreds of millions of dollars into the hottest ETF on the market. New SEC filings show Jones has doubled his fund’s stake in BlackRock’s Bitcoin ETF, from 4,428,230 shares to 8,048,552 shares. After the big buys, Tudor Investment Corporation is now holding about $445 million of the BlackRock iShares Bitcoin Trust (IBIT). Late last year, Jones touted Bitcoin as a hedge against inflation and poor fiscal management from the government. “I think all roads lead to inflation. I’m long gold, I’m long Bitcoin, I think commodities are so ridiculously under-owned.” The…

One mid-cap layer-1 altcoin recently saw a boost in whale activity, according to the crypto analytics firm Santiment. Santiment tracks the number of altcoin transactions worth more than $100,000, which it considers “whale transactions.” The firm subsequently identifies which altcoins clock the biggest percent changes in whale transactions week over week. This week, Fasttoken (FTN) topped Santiment’s list with a staggering 600% increase in whale transaction count (TC). FTN is the native token of the layer-1 Bahamut blockchain, which utilizes a unique consensus mechanism called Proof of Stake and Activity (PoSA). Explains the project’s whitepaper, “Proof-of-stake systems preach that the…

The State of Wisconsin Investment Board (SWIB) appears to have reduced its exposure to the Grayscale Bitcoin Trust exchange-traded fund while adding to its position in Blackrock’s iShares Bitcoin ETF. A new filing with the U.S. Securities and Exchange Commission (SEC) indicates SWIB holds 6,060,351 shares of BlackRock’s IBIT. With the fund trading at $55.33 at time of writing, that means SWIB’s IBIT exposure currently stands at more than $335.3 million. In a previous filing back in May, SWIB reported owning only 2,450,400 shares of IBIT. However, the May filing indicated the investment board also held 1,013,000 shares of Grayscale’s…

New filings show that the Abu Dhabi Sovereign Wealth Fund has accumulated hundreds of millions of dollars worth of BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF). According to new filings with the U.S. Securities and Exchange Commission (SEC), the wealth fund has stockpiled about $455 million worth of the asset management giant’s iShares Bitcoin Trust ETF (IBIT). The United Arab Emirates’ (UAE) wealth fund was established in 1976 to promote economic stability and prosperity for the nation. In December, Reuters reported that the fund became the world’s top wealth fund spender, passing Saudi Arabia. Since its launch in January 2024, IBIT has…

The multinational banking giant Barclays holds nearly $137 million worth of BlackRock’s iShares Bitcoin exchange-traded fund (ETF). The London-headquartered bank disclosed it holds 2,473,064 shares of BlackRock’s IBIT fund in a recent quarterly filing submitted to the U.S. Securities and Exchange Commission (SEC). IBIT, the largest Bitcoin (BTC) ETF in terms of assets under management (AUM), is priced at $55.33 at time of writing, meaning Barclays’ holdings are worth around $136.8 million. Barclays also recently disclosed in a 2024 annual report that the United Kingdom’s Financial Conduct Authority (FCA) is probing the bank over potential anti-money laundering rule violations. Explains…

A crypto strategist known for accurately calling the 2021 digital asset cycle top says the real-world asset (RWA) sector is showing a lot of market strength. The analyst pseudonymously known as Pentoshi tells his 854,800 followers on the social media platform X that Chintai (CHEX), Ondo Finance (ONDO) and Clearpool (CPOOL) are three RWA altcoins poised for rallies. RWA crypto projects aim to tokenize traditional assets so that they can be traded on blockchains, enabling efficiency and accessibility, fractional ownership and other benefits. Says Pentoshi, “CHEX, ONDO, CPOOL: RWA play updates. CHEX actually made new highs after the big sell-off…

A widely followed analyst and trader is leaning bullish on one large-cap altcoin while updating his outlook on two other crypto assets. The analyst and trader pseudonymously known as DonAlt tells his 649,700 followers on the social media platform X that Litecoin (LTC) has “one of the best-looking crypto charts right now.” Based on DonAlt’s chart, it appears he is suggesting that Litecoin is potentially forming an ascending triangle on the weekly time frame. In technical analysis, an ascending triangle is typically considered bullish as the asset prints higher lows. On the possible reason behind Litecoin’s bullishness, the pseudonymous analyst…

A closely followed crypto analyst says one key metric indicates Bitcoin (BTC) may have a hard time breaking out anytime soon. In a new thread, crypto trader Justin Bennett tells his 115,800 followers on the social media platform X that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin. Many traders closely watch the USDT.D chart as it shows how much of the crypto market cap is comprised of the stablecoin USDT. A bullish USDT.D chart is generally considered bearish for Bitcoin and other cryptocurrencies as it indicates traders are unloading their crypto holdings in favor of the stablecoin.…

Cryptocurrency analyst and trader Michaël van de Poppe is outlining two potential paths for Bitcoin (BTC) and altcoins over the coming months. In the first scenario, Van de Poppe tells his 169,000 YouTube subscribers that Bitcoin and altcoins will have “one hell of a year.” According to the analyst, the crypto market will follow the four-year cycle with Bitcoin peaking in the fourth quarter of 2025 while altcoins will have a bullish run in the first quarter of 2026. The four-year cycle is based on Bitcoin halving events when BTC miner rewards get slashed in half, triggering a supply and…

Coinbase has rolled out trading support for the brand-new native token of a layer-1 blockchain focused on intellectual property (IP). The scalable intellectual property solution Story launched its public mainnet on Thursday and aims to serve as a blockchain where rights holders can upload IP, set the terms of use and monetize it throughout the protocol’s application ecosystem. Explains Story’s launch announcement, “AI (artificial intelligence) is undermining IP as we know it. The traditional IP system can no longer keep pace with the speed and scale of generative AI. Centralized intermediaries make exchanging, licensing, and monetizing IP prohibitively expensive. IP…