Author: The Daily Hodl

Crypto product firm 21Shares is launching new exchange-traded products (ETPs) centered around four prominent digital assets. In a new thread on the social media platform X, the world’s largest ETP provider says it is launching ETPs for oracle provider Pyth (PYTH), decentralized graphics processing protocol Render (RENDER), real-world assets-focused Ondo Finance (ONDO), and layer-one blockchain Near Protocol (NEAR). “Big news: Four game-changing ETPs just released! Introducing our newest products focused on oracles, tokenization, decentralized computing, and artificial intelligence.” In its product descriptions, 21Shares notes that each ETP is 100% “physically” backed up by its associated token. News of the ETPs…

The crypto analytics firm Santiment is outlining three under-the-radar opportunities traders are talking about in the altcoin space. Santiment notes the first potential opportunity is The Sandbox (SAND), a decentralized virtual reality network. “There has been a notable resurgence in metaverse-related investments and growing confidence among investors in SAND and related tokens, suggesting a shift towards GameFi and metaverse projects.” SAND is trading at $0.608 at time of writing. The 78th-ranked crypto asset by market cap is down more than 16% in the past 24 hours. The second altcoin on the analytics firm’s list is the global payments network Stellar…

A closely followed crypto analyst says that a price correction for Bitcoin in the coming weeks could be beneficial for BTC‘s bull market. In a new video update, pseudonymous crypto strategist Rekt Capital takes a look at the Pi Cycle Top Indicator, which uses two moving averages and their crossovers to forecast market cycle peaks for Bitcoin. The trader tells his 100,000 YouTube subscribers that Bitcoin has moved so fast in recent months that the Pi Cycle Top’s 111-Day Moving Average (DMA) is now threatening to cross above its 350 DMA X2, thus creating a bearish crossover and marking a…

YouTube rival Rumble says it will allocate up to $20 million of its excess cash reserves toward Bitcoin (BTC). The online video platform announced in a press release this week that its board of directors voted to approve the new “corporate treasury diversification strategy.” Chris Pavlovski, Rumble’s chairman and chief executive, says his company believes in the promise of Bitcoin and hopes to strengthen its ties to the crypto community. “We believe that the world is still in the early stages of the adoption of Bitcoin, which has recently accelerated with the election of a crypto-friendly U.S. presidential administration and…

A newly launched decentralized finance (DeFi) altcoin is surging after earning a surprise listing by top crypto exchange Binance. In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Morpho (MORPHO), a decentralized lending protocol built on the Ethereum (ETH) blockchain. As the listing announcement went out, Morpho exploded and is currently up 85.8% in the last 24 hours, trading for $1.67 at time of writing. With a market cap of $221.3 million, Morpho is the 347th largest crypto project. The project aims to improve the efficiency and flexibility of borrowing using…

A U.S. appeals court has ruled that the Treasury Department’s sanctions against the crypto mixer Tornado Cash were unlawful and an overreach of authority. In 2022, The Office of Foreign Assets Control’s (OFAC) sanctioned Tornado Cash – which allows users to obfuscate and anonymize their crypto transactions on the Ethereum (ETH) network – under allegations that it was allowing North Korean agents to launder stolen funds. Its developers have been targeted with lengthy legal proceedings and the threat of prison time ever since. Now, a New Orleans-based U.S. Court of Appeals for the Fifth Circuit led by Judge Don Willett…

Justin Sun, the founder of the TRON (TRX) blockchain, has announced a multi-million dollar investment in World Liberty Financial, a decentralized finance (DeFi) crypto project backed by US President-elect Donald Trump. Sun says that TRON blockchain’s decentralized autonomous organization, TRON DAO, will invest $30 million in World Liberty Financial. “The US is becoming the blockchain hub, and Bitcoin owes it to Donald Trump! TRON is committed to making America great again and leading innovation. Let’s go!” TRON DAO is now the largest investor in the Trump-backed DeFi project. World Liberty Financial is built on the Ethereum (ETH) blockchain and intends…

A closely followed crypto analyst is identifying a level where Bitcoin (BTC) could regain bullish momentum. Pseudonymous trader Cheds tells his 340,100 followers on the social media platform X that Bitcoin needs to soar about 4.50% from current levels to spark new surges. “BTC recapture of $96,000 would really kick things off.” In a new YouTube video, Cheds explains the relevance of the $96,000 area for BTC. The trader says a move above the key price level would generate bullish momentum for Bitcoin. “The reason I said that is from a momentum standpoint, that would signify a retest of the…

A closely followed crypto analyst says that one Solana (SOL) rival is exhibiting market strength despite Bitcoin’s (BTC) pullback to the lower $90,000 range. Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) is primed for another leg up. “SEI is another one that not only looks great with a high timeframe flip and clear invalidation, but also holding up very well like many alts on this BTC pullback. Here is the daily and weekly. Just to compare to a similar setup shared [on November 23rd].…

A closely followed economist believes one popular Solana (SOL)-based memecoin may soon have an explosive breakout. Henrik Zeberg tells his 166,100 followers on the social media platform X that dogwifhat (WIF) may increase in the near-term by more than 337% from its current value. The analyst uses the Elliott Wave Theory to forecast a massive run for WIF. The theory states that an asset tends to witness a five-wave rally with wave three being the longest and the strongest move up. “Now get ready for the even bigger move. WIF seems to have concluded wave two and is now setting…