Former President Donald Trump’s decentralized finance (DeFi) project has issued a statement on its roadmap. In a new thread on the social media platform X, World Liberty FInancial – formerly known as The DeFiant Ones – says that its main mission is to spread US dollar-pegged stablecoins and the concept of DeFi throughout the world. […]
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Two Ethereum (ETH)-based decentralized finance (DeFi) altcoins are rallying after whales scooped up large amounts of the projects’ tokens, according to the crypto tracker Lookonchain. Lookonchain reports that the governance token of decentralized exchange (DEX) aggregator 1inch (1INCH) is up double digits after a large purchase. According to Lookonchain, a wallet associated with the investment […]
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A whale wallet has sold off nearly $100 million worth of Solana (SOL) this year, according to the crypto tracker Lookonchain. Lookonchain speculates that the unknown wallet could belong to an institution. The crypto tracker notes it has hawked an average of 19,306 SOL worth $2.76 million every week since the beginning of 2024. That […]
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The plan would create markets for DAI-replacement USDS on Aave.
Decentralized finance (DeFi) protocols Aave and Sky (previously Maker) are exploring a partnership designed to “close the gap between DeFi and TradFi,” according to a Sept. 2 announcement.
The proposed partnership, referred to as the Sky Aave Force, follows a Sept. 2 governance proposal by Phoenix Labs, a DeFi research and development organization. The proposal suggests issuing SPK tokens—native to Sky’s subDAO, Spark—to help establish a market for USDS, a stablecoin launched after Maker’s August rebranding to Sky.
“Sky Aave Force has an ambitious goal: to drive mass adoption and close the gap between DeFi and TradFi. Now is the time to work together,” said Aave Labs, the developer behind the Aave DeFi lending platform.
Traders could be waiting for Bitcoin to bounce off the $55,724 support opening positions in LTC, FET, MNT and AAVE.
Bitcoin (BTC) price has been reeling under selling pressure and is on target to fall by more than 9% this week. Bitcoin has consistently formed lower highs for the past few months, which is a negative sign. This brings the onus on the bulls to defend the support.
The markets are gearing up for a major catalyst in the form of a September rate cut by the United States Federal Reserve. The FedWatch Tool shows a 30% probability of a 50 basis point rate cut on Sep. 18. Some believe that if that happens, risk assets, including Bitcoin could rally.
Crypto market data daily view. Source: Coin360
Largely followed crypto analyst Altcoin Sherpa is warning that more weakness is ahead for one large-cap memecoin. The pseudonymous trader tells his 221,500 followers on the social media platform X that Dogecoin (DOGE) could depreciate by over 10% from its current level, even after bleeding more than 20% this month. Sherpa says, “Pains me to […]
The post ‘Pains Me to Say It’: Large-Cap Memecoin To Keep Bleeding, According to Crypto Trader – Here Are His Targets appeared first on The Daily Hodl.
A closely followed crypto analyst says that one competitor of Solana (SOL) could skyrocket by 30% while updating his outlook on Bitcoin (BTC) and other digital assets. In a new strategy session, crypto trader Ali Martinez tells his 69,600 followers on the social media platform X that one key metric is flashing a buy signal […]
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A widely followed crypto strategist believes that Bitcoin (BTC) is repeating its early 2020 recovery when it crashed by over 50% in one week before rallying to new highs. Pseudonymous analyst The Crypto Dog tells his 811,100 followers on the social media platform X that there’s a good chance Bitcoin is on the verge of […]
The post Analyst Likens Bitcoin Collapse Below $50,000 to COVID-Induced 2020 Crash, Sees BTC Starting Actual Bull Run appeared first on The Daily Hodl.
SOL price struggles to gain upward traction as DApp volumes plunge, spot ETF odds dwindle, and memecoins fail to rally.
Solana’s native token, SOL (SOL), has struggled to close above $150 since Aug. 11. Despite showing consistent buying activity each time it tests the $125 support, SOL remains largely flat compared to four months ago.
Even more troubling is the fact that the Solana network has experienced significant growth in deposits and activity during this period, but this expansion has yet to be reflected in SOL price. Let’s examine the factors keeping SOL’s price below $150 and what needs to occur for it to surpass this level.
Some market participants argue that SOL’s recent hype was driven by a few airdrops, memecoins, and pump.tun activity, which proved unsustainable. Over the past thirty days, notable price corrections include Dogwifhat (WIF) with a 38% drop, BONK losing 39%, Lido (LDO) declining 43%, POPCAT falling 48%, and Wormhole (W) decreasing 31%. According to DappRadar, pump.fun volume has dropped 44% over the past week, now totaling $133.5 million.
Bitcoin’s price consolidation could convince traders that it's time to play with altcoins. BNB, TON, AAVE and HNT are the ones on Cointelegraph's radar.
Bitcoin (BTC) continued its sideways price action as buyers successfully defended the $55,724 support this week. Large fund managers have used the period of consolidation to add spot Bitcoin exchange-traded funds (ETFs) to their portfolios. According to an analysis by CoinShares Research, Goldman Sachs bought $419 million, Capula Management acquired $470 million, and Avenir Tech purchased $388 million worth of Bitcoin ETFs since March.
A report published by cryptocurrency exchange Coinbase shows that institutional investors labeled as investment advisers increased their Bitcoin ETF holdings by 3% in the second quarter of 2024. During the same period, the hedge fund holdings declined slightly. Coinbase believes that the summer period in the United States (June to August) may delay “large inflows,” keeping the price action choppy.
Crypto analyst Matthew Hyland said in a video analysis that Bitcoin is following patterns similar to those in previous US election years. According to that, Bitcoin may remain in the range for “a little bit longer” and break out probably in October or November.
