Author: The Daily Hodl

Coinbase chief executive Brian Armstrong says that artificial intelligence (AI) agents are now making crypto transactions among themselves. In a new thread on the social media platform X, Armstrong says the top US-based crypto exchange witnessed its first AI-to-AI transaction earlier this week. “What did one AI buy from another? Tokens! Not crypto tokens, but AI tokens (words basically from one langue learning model to another). They used tokens to buy tokens. AI agents cannot get bank accounts, but they can get crypto wallets. They can now use USDC on Base to transact with humans, merchants, or other AIs. Those…

A prominent analytics firm says deep-pocketed Bitcoin investors are gobbling up massive amounts of BTC at the expense of retail traders. In a new post on the social media platform X, Santiment says the number of crypto wallets holding at least 100 BTC has increased rapidly over the last 30 days. “As crypto prices have let retail traders down, Bitcoin whales are growing in number. A net gain of +283 wallets holding at least 100 BTC has emerged in just one month. The now 16,120 such wallets on the network have broken a 17-month high.”  Santiment also says that Bitcoin…

A widely followed crypto investor thinks that Bitcoin’s (BTC) old cyclical pattern based on its four-year halving schedule is no longer valid. Pseudonymous analyst Jack Sparrow tells his 251,100 followers on the social media platform X that crypto market participants are heavily relying on previous price patterns based on the four-year halving cycle. According to Jack Sparrow, however, this time around may be different for Bitcoin as he believes that BTC has entered its maturation stage as an asset. “I think we finished a major behavioral period (inception until now) as the ETFs (exchange-traded funds) came online, Bitcoin maturing as…

The layer-1 blockchain MultiversX (EGLD) is dominating the crypto gaming sector in terms of development activity, according to the analytics firm Santiment. Santiment notes that MultiversX, formerly known as Elrond, registered 228.73 notable GitHub events in the past 30 days. The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) was second, clocking 195.03 events. Wrapped Nine Chronicles Gold (WNCG), the ERC-20 version of NCG, came in third, registering 110.37. NCG is the in-game currency for Nine Chronicles, a fully open-sourced online role-playing game (RPG) without servers. Santiment notes that it doesn’t count routine updates and uses a “better methodology” to collect…

A widely followed economist believes that the outcome of this November’s US presidential election could have significant ramifications for the crypto market. In a new interview on the Unchained Podcast YouTube channel, economist Alex Krüger says that altcoins will likely fare better if former US president and Republican nominee Donald Trump prevails. However, if the Democratic nominee and current Vice President Kamala Harris wins, he says Bitcoin (BTC) would likely be the best market performer. “If the Democrats win, you want to do Bitcoin. And if Republicans win, it should be a bet on the Solana ETF (exchange-traded fund) and…

Cryptocurrency analyst and trader Jason Pizzino is offering his opinion on the likely trajectory of altcoins over the coming months. Pizzino tells his 332,000 YouTube subscribers that he is expecting an “altcoin bounce” in this year’s fourth quarter during or after the November 5th US presidential election. Pizzino says the percentage of Tether (USDT) stablecoin’s market cap relative to other cryptocurrencies may have topped out and is likely to fall even further, indicating that market participants are using their stablecoins to accumulate crypto assets. He shares an inverse chart of USDT Dominance (USDT.D) and appears to predict that it will…

Largely followed crypto analyst Altcoin Sherpa believes that one red-hot memecoin has more room to run to the upside despite astronomical gains so far this year. The pseudonymous trader tells his 221,900 followers on the social media platform X that Solana (SOL)-based meme token Popcat (POPCAT) could remain in an uptrend after bouncing off a key level at around $0.64. “POPCAT still looks pretty strong for now, great S/R (support/resistance) retest. If it guns for the highs again, this will be the leading category for memes and also CAT beta.” Popcat is trading for $0.59 at time of writing, up…

Long-time crypto bull Anthony Pompliano is offering his forecast on Bitcoin (BTC) as the flagship crypto asset trades in a range. In a CNBC interview, Pompliano says Bitcoin has been trading sideways over the past couple of months due to reduced activity over the summer. “Well, I think it’s just sideways summer, you know. People kind of saw this huge run-up after the Bitcoin ETF (exchange-traded fund) got approved earlier this year. A lot of capital flew into that, both retail and some institutional. And when the summer hit, people I think kind of just went away.” Bitcoin is trading…

Certain on-chain metrics suggest that blockchain scaling solution Polygon (MATIC) could be on the verge of a price reversal, according to the crypto analytics firm Santiment. Santiment notes MATIC recently witnessed a spike in active addresses and dormant coin movement. “Polygon has been among the many networks declining since crypto’s retrace began back in March. However, a notable spike in on-chain activity may be a sign that a MATIC reversal may be brewing soon. Active addresses and dormant coin spikes are common signals preceding this.” MATIC is trading at $0.423 at time of writing. The 28th-ranked crypto asset by market…

New data unveils that BlackRock’s iShares Bitcoin (BTC) Trust (IBIT) has suffered outflows for just the second time since being launched in January. According to new information from London-based investment management firm Farside Investors, BlackRock – a firm with over $10 trillion in assets under its management – saw its BTC exchange-traded fund (ETF) weather its second day of outflows ever earlier this week. On August 29th, IBIT saw $13.5 million worth of outflows. The last time the ETF saw outflows was on May 1st when it saw $36.9 million leave its coffers. However, May 1st is the only recorded…