Author: The Daily Hodl
Japan’s first and only publicly listed Bitcoin (BTC) treasury company now owns one in every 10,000 of the king coin’s capped supply. In a statement, the Japanese hotel and investment firm Metaplanet says that its Bitcoin holdings have reached 2,100 BTC, or 0.01% of the crypto asset’s maximum total supply of 21 million, following its acquisition of an additional 68.59 BTC this month. “Since initiating its Bitcoin strategy on April 8, 2024, the Company has continued to accumulate Bitcoin as part of its treasury operations…The Company announces the acquisition of additional Bitcoin as part of its ongoing Bitcoin Treasury Operations.”…
The U.S. Securities and Exchange Commission (SEC) is dropping a lawsuit against the top US-based crypto exchange, according to a new Coinbase blog post. Coinbase says the SEC has agreed “in principle” to dismiss its case with Commissioner approval. According to Coinbase, the suit being dropped should be viewed as a “major win for the rule of law”. Coinbase says that it has always complied with the SEC since going public in 2021. However, according to the top US-based crypto exchange by trading volume, political changes at the top of the SEC caused the regulator to file an “unlawful” suit…
The co-founders of market intelligence firm Glassnode say that Bitcoin (BTC) is suddenly looking less bearish based on a key metric. In a new thread on the social media platform X, Jan Happel and Yann Alleman – who go by the handle Negentropic – say that Bitcoin’s Risk Signal is flashing bullishness. The Bitcoin Risk Signal, based on a “set of proprietary indicators, including Bitcoin price data, on-chain data and a selection of other trading metrics,” gauges whether BTC is at risk of a major drawdown in price. However, the two analysts say that before a bullish trend reversal is…
Strategy aims to raise $2 billion in additional funding through a private offering of 0% convertible senior notes. In a statement, the largest corporate holder of Bitcoin (BTC) says the proceeds will be used for general corporate purposes, including the acquisition of the flagship crypto asset and working capital. “Strategy estimates that the net proceeds from the offering will be approximately $1.99 billion (or approximately $2.28 billion if the initial purchasers fully exercise their option to purchase additional notes), after deducting fees and estimated expenses.” A senior convertible note is a debt security that can be converted into a predetermined…
The financial services giant Franklin Templeton has launched a mixed Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded fund (ETF). Coinbase will provide custody services for the new Franklin Crypto Index ETF (EZPZ), the firm’s third crypto exchange-traded fund. Franklin Templeton also launched single-asset Bitcoin and Ethereum ETFs last year. The new fund will track the CF Institutional Digital Asset Index, an investible benchmark portfolio index that is currently weighted 86.51% BTC and 13.49% ETH. David Mann, the global head of ETF product and capital markets at Franklin Templeton, says the new ETF could evolve over time and represents the firm’s…
A popular analyst thinks that one red-hot altcoin has a lot more upside potential after putting up huge gains within weeks. The pseudonymous analyst known as Altcoin Sherpa tells his 242,900 followers on the social media platform X that layer-1 blockchain Sonic (S) may soon hit $1. “S is still one of the strongest mid-caps there is right now. People forget this coin went to almost $4 last cycle. [Sonic Founder Andre Cronje] bull posting a lot plus some interesting activity over there. Send it way higher.” He also predicts that S may soon increase more than 16% of its…
Analyst and trader Michaël van de Poppe is highlighting one crypto asset that could go up by triple-digit percentage points while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Van de Poppe tells his 775,600 followers on the social media platform X that the native token of the decentralized machine-learning network Bittensor (TAO) is “doing great” and is primed to rally by over 125% to a new all-time high. “Good to be in profit on this position and I think that the crypto & artificial intelligence (AI) narrative will push this one past $1,000.” Based on Van de Poppe’s…
Blockstream CEO Adam Back says that Bitcoin (BTC) is still in the early stages of the current bull market as the adoption of the flagship crypto asset mounts. In a new interview with CNBC, Back says that Bitcoin’s buying demand remains high across various investing segments, including exchange-traded funds (ETFs), and that the bull market is far from over. “I think we’re certainly in the early stages of the bull market at this point. You know, typically the bull market cycle lasts for a certain period after the halving, and so we’re still in the early innings. I think there…
A widely followed crypto analyst says that decentralized oracle network Chainlink (LINK) is gearing up for a massive breakout. In a new strategy session, pseudonymous crypto trader Inmortal tells his 229,400 followers on the social media platform X that LINK may increase by more than 194% its current value by early next year. “Green for buying, red for selling. This trade requires: 2/100 IQ. 100/100 patience . I have both.” Looking at his chart, the trader suggests LINK may retest the level around $14 and surge to around $53 in the first half of 2026. LINK is trading for $17.98…
Top crypto exchange platforms Coinbase and Binance are adding support for a new artificial intelligence (AI)-focused altcoin. In a new announcement, Coinbase says it is adding support for InfoAI altcoin Kaito (KAITO) on the Base network, the firm’s own blockchain, with an Experimental label. Binance, the world’s largest crypto exchange by volume, also added support for the digital asset as well. The “Experimental” tag was created by Coinbase to designate certain digital assets as riskier, lower-liquidity tokens. News of being added on the exchanges had a reverse impact on the price of KAITO, as the crypto asset is trading for…