A closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts. Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL). According to the analyst, FIL looks poised to […]
The post Analyst Predicts Massive Rallies for Two Under-the-Radar Altcoins – Here Are His Targets appeared first on The Daily Hodl.
According to Bernie Bloom, overcoming the blockchain trilemma requires building storage solutions that scale to exabytes and integrate seamlessly with smart contracts. Bloom, a serial entrepreneur and co-founder of Xandeum Labs, argues that this is essential for the “wholeness” of smart contract blockchains. Storage: A Key to Resolving the Blockchain Trilemma In written responses shared […]
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry.
The United States Securities and Exchange Commission (SEC) has expanded its lawsuit against Binance, the centralized cryptocurrency exchange, to broaden the scope of its claims.
The SEC’s updated legal filings now list an additional range of tokens as securities, including Axie Infinity (AXS), Filecoin (FIL), Cosmos (ATOM), Sandbox (SAND), and Decentraland (MANA).
The development follows the continued pattern of the SEC’s ongoing efforts to regulate the crypto industry and classify digital assets as securities.
Applications range from digital storage to energy markets, the report said, while pointing to significant use cases for the technology.
Decentralized physical infrastructure networks (DePINs) will be Web3’s “next big use case,” with the potential to onboard “a significant number of new users to the crypto space,” according to a Sept. 5 report by MV Global, a Web3 investing firm.
“Real-world adoption has accelerated with hundreds of thousands of users of multiple individual protocols,” MV Global said. “[T]his is only the start of what we think will be a massive wave of growth… not only for current Web3 users but also for Web 2 converts.”
DePINs are blockchain protocols aimed at decentralizing real-world infrastructure and systems, including communications networks, data warehouses, energy markets, and more. According to MV Global, the ecosystem currently comprises upward of 1,000 projects and represents more than $50 billion in aggregate market capitalization.
The Hashdex Nasdaq Crypto Index US ETF could see other cryptocurrencies added down the track, subject to all the necessary approvals.
Digital asset manager Hashdex has taken another step in its proposal to offer a combined spot Bitcoin and Ether exchange-traded fund in the United States.
On June 24, the firm submitted an S-1 registration statement for its Hashdex Nasdaq Crypto Index US ETF, which will track certain cryptocurrency assets in the Nasdaq Crypto US Settlement Price Index — a daily closing value of the Nasdaq Crypto Index which measures the performance of a significant portion of the digital asset market.
The fund currently only seeks to include Bitcoin (BTC) and Ether (ETH), but the filing suggests that more assets could be added later.
Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, aimed at providing exposure to blockchain-based artificial intelligence (AI) protocols. The fund, available to accredited investors, includes a basket of decentralized AI crypto protocols, rebalanced quarterly. Grayscale Introduces a Crypto AI Exchange-Traded Product The Grayscale Decentralized AI Fund is designed to offer accredited […]
Bitcoin is trying to flip the $69,000 level into support, and if it does, BNB, TON, FIL and INJ may move higher.
Bitcoin (BTC) is down from its intra-week high of about $72,000, but the bulls are trying to hold the price above $69,000. Bitcoin is on target to end the week with marginal gains of just over 2%. Although Bitcoin has failed to rise above the overhead resistance, buyers have remained in place.
Farside Investors data shows roughly $1.7 billion in inflows into spot Bitcoin exchange-traded funds this week. That takes the total investments into spot Bitcoin ETFs to $15.5 billion as of June 6. The strong buying suggests traders anticipate the up move will continue.
However, Bitcoin fell on June 7, which pulled several altcoins lower. Trader Daan Crypto Trades said in X post that Bitcoin’s open interest dropped by $1.3 billion and Ether’s by $800 million during the fall. The decline does not seem to have unnerved investors. QCP Capital believes that Bitcoin and Ether will likely form local lows as the Federal Reserve’s future actions may benefit risk assets.
STFIL, the Filecoin liquid staking protocol, believes its core technical team is being investigated by the Chinese police. The STFIL team said it also recently detected abnormal and unscheduled upgrades to the protocol. During the core technical team’s detention, FIL tokens worth over $22 million were transferred to an unknown external address. Lawyers Engaged to […]
A closely followed crypto strategist believes one red-hot Solana (SOL)-based memecoin could be gearing up for another move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 212,000 followers on the social media platform X that the Book of Meme (BOME) may rally to the $0.0190 level before dipping. “BOME: probably going to be a […]
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