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 […]

The post Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync appeared first on The Daily Hodl.

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.

A widely followed crypto analyst says the odds are in favor of one more major move to the upside for digital assets before the market cycle concludes. The pseudonymous trader known as Pentoshi tells his 850,000 followers on the social media platform X that there’s a one in four chance that the crypto market cycle […]

The post One More Big Leg up Coming for Crypto Markets, According to Widely-Followed Analyst appeared first on The Daily Hodl.

The chief executive of a prominent crypto analytics firm believes that the Bitcoin (BTC) bull market has enough fuel to witness more rallies. CryptoQuant CEO Ki Young Ju tells his 401,300 followers on the social media platform X that demand for Bitcoin spot market exchange-traded funds (ETFs) is still going strong, indicating that deep-pocketed investors […]

The post CryptoQuant CEO Ki Young Ju Says Bitcoin Bull Market Isn’t Over, Reveals Five-Year Forecast for Altcoins appeared first on The Daily Hodl.

Hedge fund giant Elliott Management is reportedly concerned about President Trump’s embrace of digital assets and thinks that it could “wreak havoc” on financial markets. According to an investor letter seen by the Financial Times, the $70 billion hedge fund says crypto assets have “no substance” and is critical of politicians who are supportive of […]

The post $70,000,000,000 Hedge Fund Says Trump Driving ‘Speculative Mania’ for Crypto Assets – Here’s Its Warning: Report appeared first on The Daily Hodl.

Luke Gromen believes that Bitcoin (BTC) and gold are the two best assets to accumulate for investors looking to make a play on the potential economic impact of artificial intelligence (AI). In a new video, the macro guru tells his 36,500 YouTube subscribers that he believes AI will spark a banking crisis as the technology […]

The post Bitcoin and Gold Are the Cleanest Artificial Intelligence Plays, Says Macro Guru Luke Gromen – Here’s Why appeared first on The Daily Hodl.

Stablecoin supply on the Ethereum (ETH) rival Solana (SOL) has surged in the past couple of weeks after the rollout of President Donald Trump’s Official Trump (TRUMP) memecoin, according to the crypto research firm CCData. CCData notes in a new report that Solana’s stablecoin supply has ripped by 73.6% since January 18th, the day after […]

The post Stablecoin Supply on Solana (SOL) Skyrockets Following Trump Memecoin Launch: CCData appeared first on The Daily Hodl.

Prominent on-chain analytics firm Glassnode believes that Bitcoin (BTC) has more room to run to the upside based on one on-chain indicator. On the social media platform X, the analytics firm points to BTC’s Realized Cap, which records the price at which each coin was last moved and aims to gauge how many holders are […]

The post Historical On-Chain Metric Suggests Bitcoin (BTC) Has More Room To Run, According to Glassnode – Here’s Why appeared first on The Daily Hodl.

Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin (BTC). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of […]

The post MicroStrategy Announces $563,400,000 Stock Offering, Says Part of Proceeds Will Be Used To Acquire More Bitcoin appeared first on The Daily Hodl.

A New York-based bank is reportedly facing a new lawsuit after thieves allegedly looted $15.5 million from an account that belonged to a public utility firm. Garden City Park Water and Fire is suing First National Bank of Long Island for gross negligence amid allegations that the lender acted with “reckless disregard” and without the “exercise […]

The post Billion-Dollar Bank Allegedly Loses $15,500,000 To Criminals in ‘Shocking’ Display of Incompetence and Negligence: Report appeared first on The Daily Hodl.