Author: The Daily Hodl
The team behind the top decentralized exchange Uniswap (UNI) is officially launching its new Ethereum (ETH) layer-2 blockchain. In a new announcement from Uniswap Labs, the firm says Unichain mainnet officially launched today according to plan. As per the announcement, Unichain will be a layer-2 optimized for decentralized finance (DeFi) transactions on Ethereum. Starting today, developers can use Unichain to begin deploying apps and building with stablecoins, and users of the new layer-2 can fund their wallet, launch tokens, play with new apps, provide liquidity and do swaps, according to the blog post. A post from Unichain to the social…
Widely followed crypto analyst Rekt Capital says that Bitcoin (BTC) is likely undergoing one of its final consolidation phases before making a run to new all-time highs. The pseudonymous trader tells his 536,000 followers on the social media platform X that Bitcoin has already completed its first state of upward price discovery uptrend, and that another bullish phase is on its way once support is established. “BTC is trying to trend reverse out of its 1st Price Discovery Correction History suggests over the next few weeks… Bitcoin should be able to embark on its 2nd Price Discovery Uptrend to new…
A closely followed economist thinks that the Bitcoin (BTC) and crypto bull market still has room to run to the upside. Alex Krüger tells his 205,000 followers on the social media platform X that crypto investors are disappointed because the current cycle appears to be different from the ones witnessed in the past in terms of time and upside magnitude. But the economist says that investors should zoom out because he thinks crypto is in the midst of a supercycle. “BTC is stuck in a range, which I think eventually resolves higher. The supercycle theory is intact. Even though it…
The Japanese hotel and investment firm Metaplanet witnessed its stock explode by a staggering 3,575% in the past year as it launched an aggressive Bitcoin (BTC) accumulation strategy. Metaplanet gobbled up 1,762 BTC last year and became “the best-performing stock worldwide,” according to a recent company earnings presentation. “By year-end 2024, our Bitcoin holdings were 14x our market cap in April, a pace unmatched by any public company. Metaplanet is now Asia’s largest public Bitcoin holder and a top 15 holder globally. Our ongoing ability to access capital markets efficiently translates directly into BTC per share growth, ensuring every yen…
The UK landfill where $777,323,760 worth of Bitcoin (BTC) is presumed to have been dumped is reportedly set to close by next year. According to a new report from the BBC, the landfill in Newport, Wales, where a hard drive containing 8,000 Bitcoin is believed to be, is slated to close in the 2025-26 financial year. Says a Newport City Council spokesman, “The landfill has been in exploitation since the early 2000s and is coming to the end of its life, therefore the council is working on a planned closure and capping of the site over the next two years.”…
More high-net-worth investors are jumping into Bitcoin (BTC) and digital assets, according to an industry insider. In a new interview with CNBC, Michael Sonnenfeldt says digital currencies are “really exciting” for members of his organization. Michael Sonnenfeldt is the founder and chairman of Tiger 21, a peer advisory organization for high-net-worth entrepreneurs, investors and executives. According to Sonnenfeldt, Bitcoin and gold have distinct use cases, noting that the precious metal is used to seek refuge in times of global instability. “We have some members that are all in. It’s become a gold substitute. Gold isn’t an inflation hedge, it’s an…
Changpeng Zhao thinks Binance’s crypto asset listing process is “a bit broken.” Zhao, who co-founded the exchange, recently took to the social media platform X to discuss Test (TST), a test token launched by the BNB Chain team for a tutorial video on how to create memecoins using its Four.meme launchpad platform. Binance recently listed TST, sparking massive volatility in the asset’s price. Explains Zhao, “I think the Binance listing process is a bit broken. They announce, then list four hours later. The notice period is necessary, but in those four hours, the token prices go high on DEXes (decentralized exchanges), and…
A crypto strategist known for accurately calling the 2021 digital asset cycle top believes that altcoins are poised to witness a bounce. The analyst pseudonymously known as Pentoshi tells his 854,200 followers on the social media platform X that he’s accumulating crypto assets believing that the altcoin market is gearing up for a recovery. He says he’s keeping a close watch on the OTHERS chart, which tracks the total market cap of crypto excluding the 10 largest digital assets and stablecoins. “It’s kinda hard for me to be bearish in this range. We can still fill it out more of…
An analyst known for making timely Bitcoin calls believes that BTC needs one final leg down before sparking a new parabolic surge. In a strategy session, pseudonymous analyst Credible Crypto tells his 67,800 YouTube subscribers that Bitcoin appears to be in the midst of a corrective wave two within a five-wave rally. Credible practices the Elliott Wave theory, which states that a bullish asset tends to see a five-wave surge where waves two and four are corrective periods and waves one, three and five are upside moves. According to the crypto strategist, it is within the realm of possibility for…
A widely followed crypto analyst believes that layer-1 platform Solana (SOL) is in a position to witness a nearly 2x surge. Crypto trader Ali Martinez tells his 124,300 followers on the social media platform X that Solana appears to be trading in an ascending channel – a pattern suggesting that an asset is in an uptrend. According to Martinez, Solana seems to be holding the diagonal support of the pattern, indicating that a rise to the top end of the channel is on the table. “Solana SOL is testing a key support level at the lower boundary of this parallel…