Author: The Daily Hodl
Former President Donald Trump is announcing the launch date of World Liberty Financial, his new decentralized finance (DeFi) crypto project. In a new video update posted on the social media platform X, the Republican presidential nominee says that his DeFi platform – which he previously stated is for helping those disenfranchised by the traditional banking system – will launch on Monday, September 16th. Says Trump, “Join me live on Twitter Spaces at 8pm, September 16th, for the launch of World Liberty Financial. We’re embracing the future with crypto and leaving the slow and outdated big banks behind.” Earlier this month,…
The crypto exchange Kraken has officially requested a jury trial in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Last November, the SEC charged Kraken with operating its crypto trading platform as an unregistered securities exchange, broker, dealer and clearing agency. Earlier this year, Kraken filed in US District Court to dismiss those charges, positing that the SEC’s claims would widen the definition of investment contracts and expand the regulator’s jurisdiction outside of its delegated responsibility. That request didn’t fly with US District Judge William H. Orrick, who denied the exchange’s request last month, ruling that the SEC “plausibly…
A widely followed crypto analyst believes Bitcoin (BTC) could soar by triple digits before the cycle ends. Crypto trader Michaël van de Poppe tells his 724,700 followers on the social media platform X that Bitcoin could increase by up to 890% from its current value if investors choose the flagship digital asset as a hedge against geopolitical tensions, banking instability and currency debasement. “The current valuation of Bitcoin is still super low. I wouldn’t be surprised with $300,000-$600,000 this cycle.” Bitcoin is trading for $60,588 at time of writing, up more than 4% in the last 24 hours. The analyst…
A closely followed crypto strategist and trader says one red-hot real-world asset (RWA) project may have more upside potential. Pseudonymous analyst Altcoin Sherpa tells his 222,700 followers on the social media platform X that MANTRA (OM) “still looks strong.” “Consolidation in the previous range and now expansion; would be careful buying here personally and think we should see a pullback around $1.23 and $1.41. But still is one of the better RWA bets and I’ve got a bag.” MANTRA is a crypto project that allows the tokenization and trading of real-world assets such as commercial properties. OM is trading for…
Analyst and trader Ali Martinez is leaning bearish on Bitcoin (BTC) as the flagship crypto asset sits around 20% below the all-time high. Martinez tells his 71,000 followers on the social media platform X that Bitcoin has fallen below a key moving average, a development which could lead to the largest crypto asset by market cap falling by around 47% from the current price to levels last witnessed in October of 2023. “Bitcoin trading above its 200-day moving average often signals strong returns, while dropping below it can lead to sharp corrections. BTC has now been below this key level,…
A cryptocurrency analyst who accurately called the Bitcoin correction earlier this year now believes BTC could turn bullish over the coming weeks. Pseudonymous crypto strategist Rekt Capital tells his 87,600 YouTube subscribers that Bitcoin looks primed for October rallies based on the flagship crypto asset’s history during the halving years. Earlier this year, Bitcoin witnessed another halving event, when BTC miner rewards were slashed in half. Says Rekt Capital, “So we’re not really going to see that sort of downside in this upcoming October. In fact, we’re probably going to see upside in October. We just simply tend to see a…
Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing. Santiment tells its 188,000 followers on the social media platform X that lending platform Aave, metaverse project Decentraland (MANA) and indexing protocol The Graph (GRT) seeing large short ratios on Binance, the largest crypto exchange in the world. An imbalance in short sellers can often lead to a short squeeze or a quick, volatile bounce upward that liquidates short positions in a cascading manner. Says Santiment, “Altcoins to watch as cryptocurrency continues to enjoy its strong rebound include…
The chief executive of stablecoin issuer Circle (USDC) says that the firm is moving its headquarters to New York City. In a new thread on the social media platform X, Circle CEO Jeremy Allaire says that the company is moving to New York from Boston to immerse itself in the world of Wall Street as blockchain technology becomes more intertwined with the financial system. “As this technology explodes into the mainstream, and as Circle becomes a more and more important company and infrastructure for this new internet financial system, it became clear that we needed to plant our flag, both…
A crypto trader with hundreds of thousands of followers says a Bitcoin (BTC) short squeeze is inbound. Pseudonymous crypto analyst Inmortal tells their 215,000 followers on the social media platform X that BTC is on its way up, squeezing short sellers dry. “Chart looks like a short squeeze is imminent.” A short squeeze occurs when a sharp rise in the price of an asset forces traders who had previously sold short to close their positions. Short selling means selling borrowed shares of a stock with the expectation that the price will fall. According to Inmortal’s price analysis (PA), consecutive higher…
A widely followed crypto strategist is turning bullish on Bitcoin (BTC) as the flagship digital asset crosses the $59,000 level. Pseudonymous analyst Kaleo tells his 647,500 followers on the social media platform X that Bitcoin could soon soar more than 9% of its current value within about a week. “Higher soon in my opinion.” Looking at the analyst’s chart, he suggests that Bitcoin has convincingly broken out of a descending trend line and could chop around the $58,000 to $60,000 range for a few days before breaking out to $65,000 by September 23rd. Bitcoin is trading for $59,444 at time…