Author: The Daily Hodl
Long-time crypto bull Anthony Pompliano is predicting Bitcoin (BTC) will soar over the coming months due to one main factor. In a new interview on CNBC Squawk Box, the founder of venture capital firm Pomp Investments says that Bitcoin may continue in an uptrend since the Fed has started to cut rates, which increases global liquidity. Pomp says Bitcoin usually rises in tandem with liquidity based on historical data, and he references a new study issued by macro expert Lyn Alden showing the correlation between the two. “83% of the time Bitcoin moves with global liquidity. It’s more than S&P…
USDC-issuer Circle has rolled out a new compliance tool designed to help companies build on-chain. The “Compliance Engine” will automatically integrate with Circle’s programmable smart wallets designed for developers, says Jeremy Allaire, the firm’s chief executive. “We’ve built up tremendous capabilities in this area over the past decade, and we’re now taking those capabilities and exposing them to developers and operations teams that are building financial applications on-chain. This includes our new Transaction Screening tool to detect risky and suspect transactions, our Transaction Monitoring tool to help identify potential high-risk behaviors and our new Travel Rule service, which helps companies…
A popular trader known for several accurate crypto market calls is outlining his 2025 outlook for Bitcoin (BTC). Pseudonymous analyst Dave the Wave tells his 146,900 followers on the social media platform X that Bitcoin could soar nearly 214% from its current value by the end of next year. The analyst shares a chart using his own version of logarithmic growth channels (LGC) which aim to forecast market cycle tops and bottoms while filtering out short-term volatility and noise. “BTC technical target of $200,000 end of 2025.” He also says that Bitcoin appears to be forming a cup-and-handle pattern on…
A popular crypto analyst thinks one large-cap Ethereum (ETH) rival could be at risk of a massive sell-off. Ali Martinez tells his 72,400 followers on the social media platform X that Toncoin (TON) could be in for rough weeks ahead following a new announcement that the messaging platform Telegram will provide user data to governments under certain circumstances. Telegram initially developed Toncoin in 2018, but it parted ways with the project in 2020 following a legal battle with the U.S. Securities and Exchange Commission (SEC). The Open Network, an open-source community of developers, took over management of the technology that…
An analyst and trader is leaning bullish on Bitcoin (BTC) amid a 13% gain by the flagship crypto asset in two weeks. The analyst pseudonymously known as Rekt Capital tells his 89,500 YouTube subscribers that Bitcoin is on the cusp of surging higher. “This really is the current breakout moment for Bitcoin to really start transitioning into the parabolic phase of the cycle… …so we have a handful of days left for this transition between the re-accumulation phase and the parabolic phase of the cycle for us to actually effectively transition into that breakout period.” The pseudonymous analyst says, however,…
A crypto strategist closely followed for well-timed altcoin predictions thinks one Ethereum (ETH) challenger is ripe to ignite big upside bursts. Pseudonymous analyst Bluntz tells his 275,500 followers on the social media platform X that Near (NEAR) has taken out the diagonal resistance of a falling wedge pattern on the three-day chart. A falling wedge structure is viewed as a bullish reversal signal as it suggests that buyers are stepping in to decrease the rate of an asset’s price decline. Says Bluntz, “Three-day candle about to close and NEAR has a beautiful trend break now.” Zooming in, Bluntz says NEAR…
A trader who created the widely used Bollinger Bands technical indicator believes Bitcoin (BTC) is close to kicking off a bullish breakout. John Bollinger tells his 233,800 followers on the social media platform X that Bitcoin appears to be forming two bullish continuation patterns on the weekly time frame. The trader shares a chart suggesting that Bitcoin needs to take out its diagonal resistance at $65,000 to confirm a pattern breakout. “Nice little W pattern on the weekly BTCUSD chart. I drew a regression channel to highlight the flag that is forming. Bullish setup, awaiting confirmation.” Based on the trader’s…
The Solana (SOL)-based decentralized exchange (DEX) Mango Markets has proposed a $500,000 settlement with the U.S. Commodity Futures Trading Commission (CFTC). The DEX’s decentralized autonomous organization (DAO) voted this week to approve a settlement offer proposal that includes the civil penalty and an agreement to cease and desist from violating various commodity regulations. The $500,000 civil penalty, if agreed to by the CFTC, will be paid by Mango DAO and two associated entities, Blockworks Foundation and Mango Labs, LLC. The CFTC and the Securities and Exchange Commission (SEC) launched investigations into Mango Markets after crypto trader Avraham Eisenberg exploited the…
Over-the-counter (OTC) crypto desks in China are reportedly attracting tens of billions of dollars from investors despite the nation’s crackdowns on the digital assets industry. Citing data from crypto analytics firm Chainalysis, Bloomberg reports that the OTC brokers in China have lured in $75 billion worth of funds in the last nine months. In 2021, the Chinese government banned both crypto mining and trading. According to the Bloomberg, Chinese crypto traders have turned to OTC or peer-to-peer (P2P) methods of trading to avoid detection. The study finds that about 55% of OTC crypto transactions in China were over $1 million,…
The native token of an Ethereum (ETH)-based decentralized exchange (DEX) is on the rise after being listed on the top US crypto exchange by trading volume. Coinbase listed CoW Protocol (COW) for trading on Tuesday and the token soared from $0.28 to $0.32, a gain of more than 14% while most of the markets are down. “Trading will begin on or after 9 a.m. PT on September 24th, 2024, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our COW-USD trading pair will launch in phases. Support for COW may be restricted in some…