The Daily Hodl

President Trump just signed an executive order to create a federal sovereign wealth fund. Trump is ordering the U.S. Treasury and Commerce Departments to create the fund, stating it could be used to purchase the popular social media platform TikTok. Treasury Secretary Scott Bessent says the fund will be created in the next 12 months, […]

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El Salvador has reportedly removed the legal tender status of Bitcoin (BTC) after less than four years because of pressure from the International Monetary Fund (IMF). According to a new report from BBC, the reform to El Salvador’s Bitcoin Law that the country’s lawmakers approved last week modified six and removed three of the provisions […]

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Widely followed quant analyst PlanB is predicting more parabolic rallies for Bitcoin (BTC) to high price targets by the end of this year. In a new strategy session, PlanB takes a look at Bitcoin’s monthly relative strength index (RSI). The RSI is typically used as a momentum indicator and also to suggest overbought or oversold […]

The post ‘Absolute Minimum’ of $270,000 Price Target Coming for Bitcoin in 2025, According to Quant Analyst PlanB appeared first on The Daily Hodl.

BitMEX founder Arthur Hayes says that a global, multi-polar macro shift will likely lead to a large expansion of the monetary supply which will push Bitcoin (BTC) and crypto to much higher valuations. In a new interview with Scott Melker, Hayes says that in order for the Trump administration to follow through on its campaign […]

The post Weak Dollar, Money Printing and Other ‘Massive Changes’ To Bring Bitcoin to $1,000,000: Arthur Hayes appeared first on The Daily Hodl.

Bitwise CIO Matt Hougan says Washington’s new embrace of digital assets could open the doors for trillions of dollars of institutional money to enter the industry. In a thread on the social media platform X, Hougan says that with President Trump’s executive order that focused on crypto –  called “Strengthening American Leadership in Digital Financial […]

The post Change in US Crypto Stance Could Bring In Trillions of Dollars of Institutional Capital: Bitwise CIO Matt Hougan appeared first on The Daily Hodl.

A closely followed analyst known as a “Master Trader” on the crypto exchange Bybit is warning that Solana (SOL) has printed a market reversal signal similar to what was witnessed during the 2021 cycle. Pseudonymous analyst Bluntz tells his 314,900 followers on the social media platform X that Solana is flashing a bearish divergence on […]

The post ‘It’s Over’ – Trader Issues Dire Solana Warning, Says SOL Flashing Same Bearish Signal As 2021 Meltdown appeared first on The Daily Hodl.

A Bloomberg analyst reportedly thinks that a Litecoin (LTC) exchange-traded fund (ETF) will likely secure regulatory approval ahead of a similar product for Ripple’s XRP.  Fortune reports that on Thursday, asset manager Grayscale submitted a filing with the U.S. Securities and Exchange Commission (SEC) to convert its $16.1 million XRP trust into an ETF.  A […]

The post Litecoin ETF Likely To Be Approved Before XRP, According to Bloomberg Strategist: Report appeared first on The Daily Hodl.

A crypto strategist known for making timely Bitcoin (BTC) and altcoin calls believes XRP is in a precarious spot as the coin struggles to stay above a key price level. Pseudonymous analyst DonAlt tells his 640,100 followers on the social media platform X that XRP has lost its immediate support at $2.95 following Saturday’s marketwide […]

The post Analyst Warns XRP Holders Might Witness Short-Term Pain, Updates Outlook for Bitcoin and Solana appeared first on The Daily Hodl.

Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK). In a new thread on the social media platform X, the developers behind ZKsync say that UBS is testing out its tokenized gold investment products on the blockchain as a means […]

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An independent audit reveals that stablecoin issuer Tether (USDT) had billions of dollars of excess reserves at the end of last year. According to a recent audit by accounting firm BDO Global, Tether has $143.7 billion worth of reserves and about $136.613 billion worth of liabilities, bringing it to a surplus of about $7 billion. […]

The post Stablecoin Issuer Tether Posts $7,087,270,541 in Excess Reserves at End of 2024 appeared first on The Daily Hodl.