Author: The Daily Hodl

The chief executive of financial advisory giant deVere Group says that the adoption of one particular asset class will increase demand for both Bitcoin (BTC) and Ethereum (ETH). In a new video update, deVere Group CEO Nigel Green tells his 115,000 YouTube subscribers that stablecoins, or fiat-pegged digital assets, could save the US economy and reinvigorate demand for the top two crypto assets by market cap. According to Green, stablecoins can help keep US interest rates lower, boosting money circulation in the economy. “Stablecoins are virtually instant – in other words, it means you can transfer inexpensively and very quickly.…

A bipartisan piece of legislation aimed at combating illegal blockchain activities has been reintroduced to the U.S. House of Representatives. According to a new press release, Republican Representative Zach Nunn of Iowa and Democrat Representative Jim Himes of Connecticut have together reintroduced the Financial Technology Protection Act, a bill that aims to counter illicit digital activities, such as money laundering and funding terrorism. The bill would establish a working group of high-ranking members of regulatory and law enforcement agencies – such as the Department of Justice (DOJ), Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS) – as…

Rich Dad Poor Dad author Robert Kiyosaki says one traditional asset may outperform both Bitcoin (BTC) and gold in the coming months. Kiyosaki tells his 2.7 million followers on the social media platform X that silver, gold and Bitcoin are a hedge against rising inflation and economic uncertainty but that silver will likely outperform the other two assets in the near term. “As the prices of gold, silver and Bitcoin go up, the purchasing power of those who work for and save fake money get poorer via government theft known as ‘inflation.’ I want you to grow richer, not poorer.…

A top Wells Fargo analyst says earnings at JPMorgan Chase (JPM) are set to soar as the stars align for America’s biggest bank. In a new interview on CNBC, Mike Mayo, managing director and head of US large-cap bank research at Wells Fargo Securities, says he expects JPMorgan to report higher than expected earnings for Q1 2025. Beyond the bank’s earnings call on April 11, Mayo says JPMorgan could, more than any institution, benefit from an expected wave of deregulation coming to the financial industry promised by the new White House administration. “I had a conference last week with Wells…

Billionaire investing legend Warren Buffett is crushing the stock market this year after steadily pouring billions of dollars into a bet that’s extremely close to home. Over the past six years, Buffett has funneled $77.8 billion into repurchasing shares of his own company, Berkshire Hathaway. That massive investment has paid off big, with Berkshire’s stock jumping nearly 16% year-to-date while the S&P 500 slides about 3%. Buffett paused the buybacks late last year, hinting he might see fewer bargains ahead, with Berkshire’s diverse holdings spanning insurance, railroads, and energy adding fuel to the rally. In recent months, Buffett has also…

A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA). Traders look at the EMA to determine whether an asset’s price is in an uptrend or not. If the price remains above the EMA, then the asset is likely going to remain bullish. However, he warns that an S uptrend may depend on whether Bitcoin…

A widely followed analyst says one decentralized finance (DeFi) token built in the Ethereum (ETH) ecosystem may be gearing up for a massive breakout. Pseudonymous analyst Credible Crypto tells his 466,000 followers on the social media platform X that Curve DAO (CRV) may increase more than 240% from its current value if it can break through a key resistance area. “For those looking to buy a dip on CRV, on lower timeframes, we are approaching a key level of resistance on both USD and BTC pairings. Identify this level (it’s easy enough to do on the four-hour chart) and understand…

Cryptocurrency analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC). In a new strategy session, Svenson tells his 82,800 YouTube subscribers that technical analysis indicators are signaling that Bitcoin could break out from the long-term downtrend that started in December of 2024. Svenson says that on both the four-hour and the daily time frame, a downtrend line is converging with an uptrend line, a phenomenon that is also being replicated by the Relative Strength Index (RSI) indicator. The RSI is a momentum oscillator that’s used to determine oversold and overbought conditions. “…so we’re getting a break above horizontal…

A whale who previously won big on the Official Trump (TRUMP) memecoin booked a loss on the controversial asset over the weekend, according to the crypto tracker Lookonchain. Lookonchain notes on the social media platform X that the whale spent $5 million worth of Circle’s stablecoin, USDC, to buy TRUMP right after President Donald Trump posted “I LOVE $TRUMP” on his social media platform Truth Social. The whale then sold the TRUMP stash an hour later, booking a $207,000 loss. However, the loss pales in comparison to gains the whale made earlier this year when it spent 1.09 million USDC…

Top US-based crypto exchange platform Coinbase is adding three new Ethereum (ETH)-based altcoins to its suite of products, causing the assets to skyrocket. In a new announcement on the social media platform X, Coinbase says it’s adding support for decentralized roll-up protocol AltLayer (ALT), decentralized finance network Pendle (PENDLE), and gamified learning platform Layer3 (L3) nearly a week after adding them to its listing roadmap. News of the additions sent all three altcoins flying, as AltLayer, a protocol that uses rollups to enhance scalability, went from a low of $0.037 on March 26th to a peak of $0.041 a day…