Author: The Daily Hodl
A brand new Ethereum (ETH)-based “restaking” protocol is debuting to a huge valuation after gaining Coinbase support. According to Coinbase, the top US-based crypto exchange by trading volume listed Eigenlayer (EIGEN) yesterday. “Coinbase will add support for EigenLayer (EIGEN) on the Ethereum network (ERC-20 Token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on Coinbase in the regions where trading is supported.” Eigenlayer aims to allow users to reuse their staked ETH or other Liquid Staking Tokens (LSTs) to secure Eigenlayer ecosystem decentralized applications (DApps). The approach attempts…
BitMEX founder Arthur Hayes says that after some turbulence during the upcoming election, crypto markets will once again be off to the races. In a new interview on The Big Whale YouTube channel, the Maelstrom CIO says that the liquidity environment for crypto assets is turning favorable, with the Federal Reserve and all other major banks shifting into a phase of looser monetary policy. However, Hayes predicts a contested election in the US that temporarily hurts risk assets, putting any potential crypto rally on hold. “So the liquidity environment is very positive right now. I am very bullish from now…
The founder and former CEO of Binance, Changpeng Zhao, is revealing his plans for the future following his release from prison after serving a four-month sentence. Zhao says that for the next few years, the Giggle Academy – his education startup focused on reducing the global illiteracy rate – will be a “big part” of his life. Launched as a non-profit earlier this year, Giggle Academy’s mission is to provide free basic (grade 1 to 12 level) education in a manner “entertaining to children all around the world.” The zero-revenue education platform, which is completely online, aims to offer an…
Binance’s mining pool platform announced it is now distributing rewards denominated in a memecoin created by Dogecoin (DOGE) creator Billy Markus. Binance Pool says it has now launched Bellscoin (BEL) merged mining. The mining platform’s users can now mine Litecoin and earn rewards in LTC, BEL or DOGE. Markus created the Animal Crossing-inspired Bellscoin in 2013, eight days before Dogecoin launched, according to the project’s website. It was revived in 2023. Explains the Bellscoin website, “Bells coin has no association with ‘Animal Crossing’ of Nintendo. This coin is simply paying homage to a meme we all love and recognize. Bells…
Vitalik Buterin is laying out how the Ethereum (ETH) ecosystem can embrace both decentralization and cooperation without compromising either. In a new blog post, the Ethereum creator argues that the ecosystem’s strength comes from the wide range of people and organizations working on it. “The primary challenge is making sure that all these projects are, collectively, building something that feels like one Ethereum ecosystem, and not 138 incompatible fiefdoms. To solve this challenge, many people throughout the Ethereum ecosystem have brought up the concept of ‘Ethereum alignment.’ This can include values alignment (eg. be open source, minimize centralization, support public…
A crypto strategist who caught the 2022 Bitcoin bottom says the clock is ticking for BTC bulls to flex their muscles. Pseudonymous analyst DonAlt tells his 62,300 YouTube subscribers that technical conditions are ripe for Bitcoin to start a fresh bull run. According to the top trader, the deep correction in August that drove BTC below $50,000 is the leverage flush out that Bitcoin needs to move higher. The analyst highlights that any sign of weakness now will likely put the crypto king in a position to witness an extended bear market. “The market wiped out so aggressively that it’s…
A veteran trader known for timely crypto calls says he’s bullish on one Solana (SOL) rival now that it’s showing significant strength. Pseudonymous trader The Flow Horse tells his Telegram channel that he’s “default bullish” on the native asset of the layer-one blockchain Sei (SEI) following its clearance of a multi-month resistance around the $0.40 level. “It’s the weekend so just like trading volumes my posting volumes will be lower, but take a look at SEI – I simply must be default bullish biased on things like this. Summer range broken, retesting, I will just add until proven otherwise. The…
South Korean crypto exchange Bithumb is reportedly telling shareholders that it is mulling a U.S. stock exchange listing. According to local outlet DNews, Bithumb told shareholders on Monday that South Korea’s second-largest crypto exchange by trading volume is mulling a Nasdaq listing. The exchange reportedly considered a similar move late last year for the Korean Nasdaq equivalent Kosdaq. At the time, it was reported that the IPO was geared toward increasing the firm’s market share to catch up to its top domestic competitor, Upbit. While Bithumb is the 18th-largest crypto exchange by trading volume, Upbit has climbed up to number…
Former president and current Republican nominee Donald Trump has confirmed the launch of World Liberty Financial, his new decentralized finance (DeFi) platform. Addressing his 91.1 million followers on the social media platform X, Trump shares a link to the project’s KYC (know your customer) portal. “I promised to Make America Great Again, this time with crypto. World Liberty Financial is planning to help make America the crypto capital of the world! The whitelist for eligible persons is officially open – this is your chance to be part of this historic moment.” Signup for the platform is only available to accredited…
The chief executive of market insights firm CryptoQuant says that the US is regaining its dominance of Bitcoin (BTC) holdings. In a new post on the social media platform X, Ki Young Ju says that the US recouping its BTC dominance is being driven by demand for spot market exchange-traded funds (ETFs). “The U.S. is regaining dominance in Bitcoin holdings. Its ratio compared to other countries is rising, driven by spot ETF demand. Only known entities are included.” According to Ju, the top crypto asset by market cap has conquered FUD (fear, uncertainty and doubt) this year when it absorbed…