Author: The Daily Hodl
Several Wall Street banking giants are forecasting blue skies for US equities – at least until 2024 comes to a close. Morgan Stanley chief US equity strategist Mike Wilson tells Bloomberg that he expects the S&P 500 to revisit all-time high levels by the end of the year. But Wilson warns equities will likely see a consolidation period as a new year unfolds. “We’re into the FOMO (fear of missing out season). People need to perform the next two months. There’s a lot of things going on here. I could see a blow-off move of some kind post-election, a clearing…
The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – has been sentenced to five years for his role in the scheme. Court documents reveal that after the exploit, Lichtenstein took measures to cover his tracks, such as deleting key Bitfinex files that could have helped law enforcement identify him. Furthermore, he asked his wife…
The executive chairman and co-founder of enterprise software firm MicroStrategy, Michael Saylor, believes Bitcoin (BTC) is not yet done rallying. In a new CNBC interview, Saylor says Bitcoin is heading to a six-figure price over the coming days and weeks. “I don’t think it’s going to $60,000, it’s not going to $30,000. I think it’s going to go up from here. I’m planning a $100,000 party and I’m thinking it’s probably going to be New Year’s Eve at my house. So I would be surprised if we don’t go through $100,000 in November or December.” Bitcoin is trading at $91,273…
A widely followed cryptocurrency analyst and trader is turning bullish on a Dogecoin (DOGE) and Shiba Inu (SHIB) rival. The analyst pseudonymously known as Bluntz tells his 290,300 followers on social media platform X that the memecoin Pepe (PEPE) could soar more than 28% from its current value. The analyst practices the Elliott Wave theory, which states that a bullish asset tends to witness a five-wave upside move after completing an ABC move down. “PEPE has now done a nice five up from the lows on low timeframes and the pullback from the highs was also a clear three-wave move…
A pseudonymous analyst and trader is leaning bullish on a major memecoin while updating his outlook on two top-10 altcoins by market cap. The analyst pseudonymously known as DonAlt tells 62,700 subscribers of the TechnicalRoundup YouTube channel that Dogecoin (DOGE) could skyrocket by approximately 165% from the current level. “Is Dogecoin going to a dollar? I still think so. Yeah.” Dogecoin is trading at $0.378 at time of writing, up by around 90% over the last seven days. According to the pseudonymous analyst, Dogecoin has one major resistance level to overcome before hitting his price target. “Dogecoin is still very…
ARK Invest founder Cathie Wood says Bitcoin (BTC) remains on track to hit a massive price target in about five years. In a new interview on CNBC Squawk Box, Wood says that ARK Invest believes Bitcoin will reach more than half a million dollars by 2030, an over 600% gain from its current value. “We have a 2030 target. In our base case, it’s around $650,000. In our bull case, it’s between $1 million and $1.5 million. Now, remember, we were the first public asset manager to gain exposure to Bitcoin in 2015 at $250 and we still at $90,000…
Binance, the top global crypto exchange by trading volume, is rolling out support for the new native token of a decentralized fiat stablecoin issuer. Binance Launchpool, which lets users stake coins to farm new assets, says its 61st project will be Usual, a stablecoin issuer that aims to redistribute protocol ownership and governance through its native USUAL token. Explains the project, “Unlike Tether and Circle, which generated over $10B in 2023 without sharing wealth with users, Usual ensures equitable distribution of generated value. By integrating Real-World Assets directly into DeFi, Usual provides a more secure, transparent, and decentralized alternative that…
A popular frog-themed meme asset that has surged 94% during the last week is seeing another leg up after gaining support from top US-based crypto exchange platform Coinbase. In a new announcement, Coinbase says that investors can now buy, sell, trade, store and convert the popular memecoin Pepe (PEPE). “Pepe is now live on [coinbase.com] in the Coinbase iOS and Android apps. Coinbase customers can log in to buy, sell, convert, send, receive or store these assets.” News of the listing sent PEPE’s price flying from its November 14th low of $0.00001909 to a peak of $0.00002222 the following day,…
The world’s first tokenized money market fund is now on the Ethereum (ETH) layer smart contract platform. In a post on social media platform X, global asset manager Franklin Templeton announces the launch of its Franklin OnChain U.S. Government Money Fund (FOBXX) on the leading smart contract platform. Franklin OnChain U.S. Government Money Fund uses public blockchain as a system of record for tracking transactions and share ownership. Investors use the Benji Investments mobile app to invest in the fund. One FOBXX share is equivalent to one BENJI token. “New chain unlocked. BENJI is now live on Ethereum! Ethereum, the…
A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is ready to skyrocket while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Michaël van de Poppe tells his 732,000 followers on the social media platform X that decentralized credit marketplace Clearpool (CPOOL) is gearing up for a massive rally and should break out if it shoots past the $0.22-$0.23 level. “CPOOL is nicely consolidating and preparing for a big breakout. I think RWA (real-world assets) is going to be a big pillar of this market, through which I assume we’ll see upward momentum…