Analyst Jason Pizzino Names Four Strong Altcoins in the Market Including Solana (SOL) and Pepe (PEPE)
Crypto analyst Jason Pizzino says he’s looking at four altcoins flashing signs of strength, which include Solana (SOL) and the memecoin Pepe (PEPE). In a new strategy session, Pizzino tells his 327,000 YouTube subscribers that alongside SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) have strong-looking market structures. According […]
The post Analyst Jason Pizzino Names Four Strong Altcoins in the Market Including Solana (SOL) and Pepe (PEPE) appeared first on The Daily Hodl.
Shima Capital bets on WOJAK, TRUMP, and three other meme coins
Shima Capital’s recent foray into meme coin investments yields mixed results, with a notable gain in WOJAK amidst other losses.
The post Shima Capital bets on WOJAK, TRUMP, and three other meme coins appeared first on Crypto Briefing.
US Regulator Says Bank Will Pay $1,500,000 Settlement for Allegedly Overcharging and Deceiving Hundreds of Customers in Veterans’ Loan Scandal
A US regulator says it’s reached a $1.5 million settlement with a bank that caused “significant harm” to its customers. The Federal Deposit Insurance Corporation (FDIC) says Bank of England, based in England, Arkansas, deceived veterans into overpaying for services while not delivering the products they were entitled to. The regulator says one of the bank’s […]
The post US Regulator Says Bank Will Pay $1,500,000 Settlement for Allegedly Overcharging and Deceiving Hundreds of Customers in Veterans’ Loan Scandal appeared first on The Daily Hodl.
Uniswap Foundation Reveals Unaudited Summary Financials As Vote for New Fee Mechanism Approaches
The foundation behind crypto’s leading decentralized exchange (DEX) is disclosing its crypto assets as a governance vote for a new fee mechanism approaches. In a new blog post, the Uniswap Foundation has shared its 2024 first-quarter financials in a show of transparency with the Uniswap (UNI) token-holding community. “On March 31, 2024 we had $41.41 million […]
The post Uniswap Foundation Reveals Unaudited Summary Financials As Vote for New Fee Mechanism Approaches appeared first on The Daily Hodl.
Solana (SOL) price encounters resistance near $190 — Here is why
SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.
Solana’s native token, SOL (SOL), experienced a 5% increase on May 27, trading up from $161 on May 26 to $171. This rise fueled investors’ hopes for continued growth, especially since SOL had reached $188.90 on May 21, just days earlier. A significant factor in SOL’s upward movement is a proposal designed to increase yields for validators rather than burning tokens, though network activity remains unchanged.
On May 27, Solana’s validators approved the SIMD-0096 proposal, which eliminates the 50% burn rate on priority transactions and sets it to 0%. Consequently, from epoch 621 onward, all transaction fees will be allocated to block producers. This shift aims to ensure validators are motivated to prioritize network security and efficiency over engaging in arbitrage strategies that involve transaction reordering or exclusion.
Maximal extractable value (MEV) refers to profits block producers make by determining the order of transaction processing on the blockchain. With each block containing a limited number of transactions, validators can choose which pending transactions to include, often to the detriment of regular users who might face poorer execution prices in decentralized finance (DeFi) applications.
Blockchain dev Sphere introduces bank-to-wallet Telegram extension
Sphere Labs, a blockchain developer focused on bringing stablecoins as a service to businesses, has announced a new bank-to-wallet Telegram extension.
Sphere Labs, a blockchain developer focused on facilitating stablecoin services for business clients, has announced a new fiat on-ramp and off-ramp designed to work within Telegram.
The bank-to-wallet extension will allow Telegram users to shift bank funds directly into their wallets and vice versa within the Telegram app for an advertised fee of 0.1% per transaction for early users.
The service will open to early users the week of May 27, and a full launch is expected later this year.
YouTube co-founder backs memecoin based on ‘first cat’ on platform
A cat video filmed 20 years ago by former YouTube chief technology officer Steve Chen is now the basis for a memecoin with a market capitalization of more than $20 million.
Steve Chen, co-founder and former chief technology officer of video-sharing platform YouTube, has been supporting a memecoin project based on one of the first cat videos uploaded to the website in 2005.
Speaking to Cointelegraph from Taiwan on May 27, Chen, who has an estimated net worth of more than $1 billion, said he had been devoting 80 to 100 hours a week to backing the memecoin Pajamas (PAJAMAS). Based on Chen’s “first-ever cat video uploaded to YouTube” in 2005, the project is available on the Solana blockchain.
“This is my cat, Pajamas, playing and dancing to the tune of Nick Drake,” said the video description, uploaded to YouTube on May 22, 2005.
Bitcoin stuck in accumulation range, but a breakout is near
Trader Rekt Capital forecasts an imminent Bitcoin breakout from its current $60K-$70K accumulation phase, with altcoins also set to rally.
The post Bitcoin stuck in accumulation range, but a breakout is near appeared first on Crypto Briefing.
Feds Arrest Owner of $100,000,000 Dark Web Marketplace Using Crypto To Process Drug Transactions
US authorities have announced the arrest of the alleged mastermind of a notorious dark web marketplace that allowed users to buy and sell illegal drugs anonymously. In a statement, the U.S. Department of Justice (DOJ) says that 23-year-old Rui-siang Lin, from Taiwan, was arrested at John F. Kennedy Airport on May 18th and subsequently charged […]
The post Feds Arrest Owner of $100,000,000 Dark Web Marketplace Using Crypto To Process Drug Transactions appeared first on The Daily Hodl.
Bitcoin Ready To Outperform Gold by at Least Double for Rest of Market Cycle: Glassnode Founders
The founders of crypto analytics platform Glassnode are predicting that Bitcoin (BTC) will vastly outperform gold for the remainder of the current bull cycle. The co-founders of Glassnode, who go by the handle Negentropic on the social media platform X, tell their 63,000 followers that the BTC/gold ratio could more than double in the coming […]
The post Bitcoin Ready To Outperform Gold by at Least Double for Rest of Market Cycle: Glassnode Founders appeared first on The Daily Hodl.
Ethereum price in ‘bull market’ after spot ETH ETF approvals greenlight rally toward $4K
With the spot ETH ETFs approved, traders are confident that Ethereum price is ready to rally well above $4,000.
Traders continue to push Ether (ETH) price closer to $4,000 on May 27, with the altcoin registering a 3.5% gain for the day.
Data from Cointelegraph Markets Pro and TradingView shows strong performance from Ether which rose from a low of $3,048 on May 20, climbing 27% to reach a 10-week high of $3,964 on May 27.
Ether’s performance over the last seven days has largely been driven by the markets’ anticipation that the spot Ethereum exchange-traded funds (ETFs) in the United States would be approved. Even though ETH displayed a lackluster performance after the approval, the move toward $4,000 is viewed as significant.
Uniswap Foundation discloses $41M balance sheet ahead of crucial fee vote
Uniswap Foundation reveals $41M balance sheet ahead of crucial fee distribution vote, as SEC enforcement threats loom over the protocol’s UNI and LP tokens.
The post Uniswap Foundation discloses $41M balance sheet ahead of crucial fee vote appeared first on Crypto Briefing.
Spot Ether ETFs are now officially legal in the US: Law Decoded
Spot Ether ETFs might be weeks or months away from debuting on exchanges, as the ETF filers have yet to receive their S-1 SEC registration.
In a second landmark decision this year, the United States Securities and Exchange Commission has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the country.
The SEC approved the 19b-4 filings from VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy and Bitwise, approving the rule changes allowing spot Ether (ETH) ETFs to be listed and traded on their respective exchanges.
Unlike the spot Bitcoin (BTC) ETFs approved via voting by a five-member committee including SEC Chair Gary Gensler, spot Ether ETFs were approved by the SEC’s Trading and Markets Division.
Former SEC Chair Jay Clayton Says Approval and Trading of Ethereum ETFs Now ‘Inevitable’
Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), says it’s inevitable that a spot Ethereum (ETH) exchange-traded fund (ETF) will go live on American stock exchanges. In a new interview on CNBC television, Clayton notes that the SEC has already approved the product itself, and will likely proceed to approving […]
The post Former SEC Chair Jay Clayton Says Approval and Trading of Ethereum ETFs Now ‘Inevitable’ appeared first on The Daily Hodl.
Injective (INJ), Polygon (MATIC) and One Additional Ethereum-Based Altcoin Flashing Bullish Signals: Analyst
One widely followed crypto analyst thinks three leading altcoins are soon to enter bullish phases. Crypto trader Ali Martinez tells his 62,900 followers on the social media platform X that the decentralized supply chain management platform VeChain (VET) is on the verge of lift-off after a successful retest of a parallel channel. “Like in the previous bull […]
The post Injective (INJ), Polygon (MATIC) and One Additional Ethereum-Based Altcoin Flashing Bullish Signals: Analyst appeared first on The Daily Hodl.
Bitcoin Breaks $70K Barrier, Leading to $27.75M in Liquidations
The price of bitcoin has exceeded $70,000, increasing by 2.1% during today’s trading sessions. This latest rise led to the liquidation of $27.75 million in bitcoin short positions. Bitcoin Trades Above $70K, Leading to Multi-Million Dollar Liquidations Bitcoin (BTC) is up 2.1% today and 3% over the past seven days. The price has also risen […]Bernstein Predicts Crypto Arms Race Among Asset Managers
Global investment management and research firm Bernstein states that cryptocurrency is evolving into a substantial business opportunity for asset managers. With the recent decrease in the popularity of ESG (Environmental, Social, and Governance) funds, Bernstein notes that attention is expected to shift towards cryptocurrency as a significant driver of hypergrowth. According to Bernstein, there will […]Donald Trump’s Crypto Holdings Exceed $10,000,000 As TRUMP Memecoin Cycle Ensues: Arkham
Presidential candidate Donald Trump’s crypto holdings passed the $10 million mark early this week, data from blockchain “de-anonymizing” platform Arkham. The former president’s gains were largely driven by the price appreciation of MAGA (TRUMP), a memecoin inspired by Trump himself. At time of publishing, Trump holds $7.1 million worth of TRUMP, $1.83 million worth of […]
The post Donald Trump’s Crypto Holdings Exceed $10,000,000 As TRUMP Memecoin Cycle Ensues: Arkham appeared first on The Daily Hodl.
US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense
U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more challenging to keep deficits and interest expense under control,” Yellen told Bloomberg […]Apu Memecoin Soars, Reaching 11,600 Token Holders with Strong Community Support
PRESS RELEASE. Apu Apustaja, a new memecoin making waves in the industry, has announced impressive support from its rapidly growing community, including over 11,650 coin holders and more than 13,000 Telegram channel members. Leading a revolution in the sector, which sees frog memecoins replacing dog-themed coins. Behind its sudden surge in popularity are a highly […]Donald Trump Promises To Protect the Future of Bitcoin and Crypto in the United States, Says He Supports Right to Self-Custody
Former President Donald Trump is continuing to express his support for the crypto industry, saying that he will protect the right of 50 million Americans to self-custody digital assets. Speaking to his supporters in Washington D.C., the 2024 Republican candidate says that he’s going to “crush” the Biden Administration’s anti-crypto stance. Trump goes on to […]
The post Donald Trump Promises To Protect the Future of Bitcoin and Crypto in the United States, Says He Supports Right to Self-Custody appeared first on The Daily Hodl.
Dabba Announces Expansion of 10,000 New Wifi Hotspots in India Through Depin Program
Dabba, a decentralized physical infrastructure network (Depin), has announced it will deploy 10,000 new wifi hotspots globally, aiming to enhance internet accessibility in underserved Indian regions. This expansion coincides with the upcoming token generation event on the Solana blockchain scheduled for July. Dabba’s Depin Initiative Targets India with 10,000 Wifi Hotspots The initiative, dubbed season […]ZachXBT reveals GCR account hack tied to Solana meme coin team
Investigation links GCR hack to the CAT meme coin team’s trades on Hyperliquid, uncovering potential market manipulation.
The post ZachXBT reveals GCR account hack tied to Solana meme coin team appeared first on Crypto Briefing.
Normie Meme Coin Suffers Exploit, Vows to Relaunch After Negotiating Hacker Bounty
Normie, a meme coin launched on Base, suffered an exploit that took its market capitalization from almost $42 million to $1 million. The exploiter sent a message offering to keep 10% of the ETH exploited, and demanding that the remaining 90% and the 600 ETH still present in the wallet of the token developers be […]
Trump Pumping Crypto! (Ethereum & Top Altcoins This Week)
➡️ Use Code DC10 to get 10% off Arculus Wallet – https://rb.gy/gpk5wv ➡️ NordVPN is the best way to stay safe online – https://nordvpn.com/discovercrypto ➡️Join this channel to get access to perks: https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g/join ➡️Come trade with us on Blofin, where whales are made: https://partner.blofin.com/d/DiscoverCrypto 📲 Follow the OFFICIAL Discover Crypto Socials: Twitter (X): https://twitter.com/DiscoverCrypto_ Tik […]
Ethereum set for bull run, but short-term struggles expected: Kaiko
The SEC’s approval of spot Ethereum ETFs has positively shifted market sentiment and may redefine token regulation in the US.
The post Ethereum set for bull run, but short-term struggles expected: Kaiko appeared first on Crypto Briefing.
Week of Wins in Crypto: PEPE Skyrockets 78%, Ethereum Up 27%
The crypto economy has had a decent week filled with gains as bitcoin rose 2.8% and ethereum jumped by 27% this past week. The week’s biggest leader, however, was pepe (PEPE) which rose 78.5% over the seven-day run. Broad Crypto Market Gains Nearly two dozen crypto assets witnessed double-digit gains this past week with PEPE […]AI Meme Coin Presale WienerAI Raises $3M – Next Crypto to Explode?
A new AI-powered crypto project is turning heads and raking in millions during its presale. Called WienerAI (WAI), this meme coin with a twist has already raised $3 million by combining a hilarious meme design with an advanced crypto trading bot. WienerAI – The AI-Powered Meme Coin with Real Utility WienerAI is a new meme […]Bitcoin ETFs hold over 1 million BTC, approaching 5% of total supply
Bitcoin ETFs, led by Grayscale and BlackRock, have amassed over 1 million BTC, nearing 5% of the total Bitcoin supply.
The post Bitcoin ETFs hold over 1 million BTC, approaching 5% of total supply appeared first on Crypto Briefing.
Victim who lost $7M in Ethereum re-staking exploit gets funds back
A permit phishing attack appears to have siphoned 1,807 liquid staked Ether from the victim’s wallet address.
An unfortunate victim who lost 1,807 liquid staked Ether (ETH), worth $6.91 million, on May 26 appears to have received a large share of the stolen funds back from scammers.
“Yesterday, the old phishing group Inferno Drainer used the permit offline authorization signature to phishing away nearly US$7 million in ETH re-pledged assets from a user,” wrote Yu Xian, co-founder of blockchain analytics firm SlowMist. “Today, they actually got a refund, which is really rare.”
The same day, Scam Sniffer posted on X that the victim recouped 1,445 Ether, or 80% of the stolen funds, after the scammers allegedly kept a bounty of 20%. Analysts claimed that the wallet address involved in the breach had suffered a permit phishing attack, where a malicious actor generates an authentic off-chain authorization signature for the designated recipient to transfer ERC-20 tokens from a wallet not owned by them.