Top Trader Predicts Ethereum Will Massively Outperform Bitcoin, Says One ‘Golden Child’ Memecoin Set To Go Higher
A widely followed trader says that Ethereum (ETH) is about to vastly outrun Bitcoin (BTC) and is predicting one memecoin will rally hard. Pseudonymous trader Bluntz tells his 259,000 followers on the social media platform X that he’s got his eye on the two-week chart of the Ethereum versus Bitcoin (ETH/BTC) pair. The trader says […]
The post Top Trader Predicts Ethereum Will Massively Outperform Bitcoin, Says One ‘Golden Child’ Memecoin Set To Go Higher appeared first on The Daily Hodl.
Ethereum devs set Pectra upgrade for Q1 2025
Ethereum’s Pectra upgrade is slated for Q1 2025, focusing on network capacity with PeerDAS and smart contract security enhancements.
The post Ethereum devs set Pectra upgrade for Q1 2025 appeared first on Crypto Briefing.
Expert Says Peer-to-Peer Nature of Crypto Activity Renders China’s Ban Ineffective
Altcoins Entering ‘Textbook Markup’ Period Witnessed During 2016 and 2021 Market Cycles, Says Analyst
An analyst known for making macro crypto calls thinks the altcoin market is poised to spark steep rallies similar to the ones witnessed in 2016 and 2021. Pseudonymous analyst TechDev tells his 451,900 followers on the social media platform X that he’s watching the OTHERS chart, which tracks the total market cap of crypto excluding […]
The post Altcoins Entering ‘Textbook Markup’ Period Witnessed During 2016 and 2021 Market Cycles, Says Analyst appeared first on The Daily Hodl.
Bitcoin analyst sees ‘several more weeks’ before BTC price breaks $70K
Bitcoin may not yet be done consolidating below new all-time highs, with BTC price rejecting above $70,000.
Bitcoin (BTC) stayed near key BTC price levels into the May 26 weekly close as weekend trading focused on $69,000.
Data from Cointelegraph Markets Pro and TradingView showed strong performance by BTC/USD, which briefly passed $69,500 before consolidating.
Weekend upside, which some market observers predicted, nonetheless remained capped by familiar resistance zones.
Abu Dhabi Regulator Prohibits Cryptocurrency Mining on Farms, Threatens Fines Up to $2,700
Aptos hits all-time high in user transactions
The recent surge in transactional activity on Aptos is attributed to the launch of Tapos Cat, a new tap-to-earn game that has gained rapid popularity.
The layer-1 blockchain platform Aptos, developed by former Facebook employees, has achieved a new milestone in blockchain transactions. It surpassed Solana by recording 115. 4 million transactions in a single day in a single day on May 25, compared to Solana’s 31.7 million.
The surge in transaction volume set a new benchmark and surpassed the previous L1 record of over 65 million held by Sui Network by a significant margin of over 50%.
According to Aptoscan, the blockchain’s user TPS (transactions per second) also reached an all-time high of 32,000 on the same day. This signifies a substantial increase in activity within the blockchain ecosystem, underscoring the growing adoption and momentum in the industry.
Stronger and More Sustainable Uptrend Now in Play for Bitcoin (BTC), Says Crypto Analyst – Here’s His Outlook
A widely followed crypto strategist thinks that Bitcoin (BTC) is in a position to ignite a breakout rally on the way to fresh all-time highs over the next few days. In a new video update, pseudonymous analyst Credible tells his 53,200 YouTube subscribers that Bitcoin may have just started a five-wave rally that could send […]
The post Stronger and More Sustainable Uptrend Now in Play for Bitcoin (BTC), Says Crypto Analyst – Here’s His Outlook appeared first on The Daily Hodl.
Marathon Digital Inks Renewable Energy Deal With Kenya; Crypto Miner to Invest $80M
Spot Ethereum ETF approval ‘may be better for Bitcoin’ — Michael Saylor
The approval of spot Ether ETFs brings in “another line of defense for Bitcoin,” argues MicroStrategy founder Michael Saylor.
MicroStrategy founder Michael Saylor has changed his tone on spot Ether (ETH) exchange-traded funds (ETFs), arguing that the recent nod from the United States regulator is only good news for Bitcoin (BTC) as well.
“Is this good for Bitcoin or not? Yeah, I think it’s good for Bitcoin, in fact, I think it may be better for Bitcoin because I think that we are politically much more powerful supported by the entire crypto industry,” Saylor told Bitcoin podcaster Peter McCormack on the May 25 episode of What Bitcoin Did podcast.
“They serve as another line of defense for Bitcoin,” he said, following the news that the U.S. Securities and Exchange Commission (SEC) approved eight spot Ether ETFs to be listed on their respective exchanges on May 23.
Report: Investigation Finds No Fault With Sullivan & Cromwell in FTX Bankruptcy
Malaysian Authorities Bust Syndicate Accused of Laundering Fraud Proceeds via Cryptocurrency
Trump promises to release Silk Road founder Ross Ulbricht if re-elected
Former United States President Donald Trump vows to free Silk Road founder Ross Ulbricht if re-elected.
The former President of the United States Donald Trump has declared that he will commute Silk Road founder Ross Ulbricht’s prison sentence if he is re-elected in November’s election.
“If you vote for me on day one I will commute the sentence of Ross Ulbircht,” Trump stated at the Libertarian Party’s National Convention in Washington on May 25.
“He’s already served 11 years, we’re going to get him home,” he said of the creator of Silk Road — which is known as the first modern darknet market with a payment system built on Bitcoin (BTC).
Indian Citizen Faces 20 Years in US Prison for Stealing Crypto in $37M Coinbase Spoofing Scam
Major Crypto Exchanges Announce Over 1,200 Job Openings
Donald Trump declares US must not settle for ‘second place’ in crypto industry
Former United States President Donald Trump claims he is “very open minded” to “all things related to this new and burgeoning industry.”
The United States must not settle for anything but top place in the cryptocurrency industry, according to former U.S. president Donald Trump.
“Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social — a social media platform owned by Trump Media and Technology Group (TMTG).
“I am very positive and open minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” he claimed, before taking aim at the current president, Joe Biden, whom he is up against in the 2024 presidential race, with the US election day scheduled on November 4.
Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm
The native altcoin of a decentralized education platform surged by over 117% this week amid news that a web3 firm has plans to purchase the token. Open Campus’ governance and utility asset, EDU, is trading at $1.10 at time of writing, up from its seven-day low of $0.505. The 252nd-ranked crypto asset is also up […]
The post Decentralized Education Altcoin Surges by 117% This Week Amid Node Sale and Purchase Announcement From Web3 Firm appeared first on The Daily Hodl.
Standard Chartered Discusses SEC Approving Spot ETFs for Cryptos Beyond Bitcoin and Ether
Telegram’s Pavel Durov is wrong about Signal — and has been for years
Considering Telegram doesn’t even offer end-to-end encryption by default, founder Pavel Durov has a lot to say about his messaging app’s competitor.
Telegram founder Pavel Durov put the encrypted messaging application Signal on blast this month, arguing in a May 8 post that its privacy mechanisms amounted to a “circus trick.” His commentary was purpose-built to undermine the rival messaging app, but Durov’s history with Signal and Telegram’s own privacy credentials make it hard to take his comments seriously.
Durov has been throwing stones at Signal for years. In 2017, he predicted we’d find a backdoor in their protocol within five years. Seven years later, that prediction has missed the mark. A few years later, Signal founder Moxie Marlinspike posted a thread suggesting we should stop calling Telegram an encrypted messaging app.
Signal and Telegram do not like each other.
Mad Money’s Jim Cramer Endorses Ether as ‘Great Store of Value’ Amid US Dollar Concerns
Trump says he is “very positive and [open-minded] to cryptocurrency companies,” advocates for US leadership in crypto industry
Trump champions US leadership in crypto, accepts donations in digital currencies, and criticizes Biden’s stance toward the industry.
The post “I am very positive and [open-minded] to cryptocurrency companies;” “our country must be the leader in the field” – Donald Trump appeared first on Crypto Briefing.
$1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach
One of the largest banks in the world says a data breach has exposed information on both its customers and employees. In a statement, Santander says it’s aware of “unauthorized access” to a third-party database containing information on an undisclosed number of customers and employees. The bank, which has $1.8 trillion in total assets and […]
The post $1,800,000,000,000 Bank Says Customers’ Personal Information Has Been Exposed and Accessed in Mysterious Data Breach appeared first on The Daily Hodl.
UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions
US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks
US spot Bitcoin ETFs recorded $2 billion inflows in two weeks, with BlackRock’s IBIT nearing largest ETF status amid market rally.
The post US Bitcoin spot ETFs attract $2 billion in net inflows over two weeks appeared first on Crypto Briefing.
Spot ETH ETFs approved, crypto bill passes US House, and more: Hodler’s Digest, May 19-25
U.S. SEC approves spot Ether ETFs, FIT21 crypto bill goes to the Senate, and Sam Bankman-Fried held in Oklahoma.
The U.S. Securities and Exchange Commission (SEC) has given the regulatory green light to spot Ether exchange-traded funds (ETFs) in the United States on May 23. The approval reaches filings from major firms such as VanEck, BlackRock, Fidelity, Grayscale, Franklin Templeton, ARK 21Shares, Invesco Galaxy, and Bitwise. Issuers must still obtain SEC approval for their S-1 registration statements before the ETFs can officially begin trading. The SEC had previously asked applicants to expedite filings on May 20, with the removal of staking being the most notable amendment seen. The approval was considered an implicit recognition from the SEC that Ether is not a security, according to industry pundits.
The Financial Innovation and Technology for the 21st Century Act (FIT21) passed the U.S. House of Representatives on May 22. The bill now heads to the Senate, where its future is uncertain, facing opposition from Senator Elizabeth Warren. FIT21 proposes giving the Commodity Futures Trading Commission (CFTC) primary control over cryptocurrencies, which the industry views as a more lenient regulator compared to the Securities and Exchange Commission (SEC). The SEC would still regulate cryptocurrencies that arent sufficiently decentralized, but FIT21 introduces a mechanism for cryptocurrencies classified as securities to be sold as commodities. The Biden administration and the SECs Chair, Gary Gensler, have both issued statements opposing the regulation.
Former FTX CEO Sam SBF Bankman-Fried is no longer incarcerated in New York or California, where his parents own a home according to prison records, hes in Oklahoma. As of May 23, inmate records for the Federal Bureau of Prisons showed that Bankman-Fried was being held at the Federal Transfer Center in Oklahoma City. The facility confines inmates on a short-term basis for transfers within the prison system. The transfer appeared to have happened despite Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York recommending SBF stay at the Metropolitan Detention Center, Brooklyn.
Ethereum’s Balance on Exchanges Spikes Amid Possible Sell-the-News Event, According to Crypto Analyst
A widely followed crypto analyst says that Ethereum’s (ETH) balance on crypto exchange platforms is spiking amid a possible sell-the-news event. In a new thread, crypto trader Ali Martinez tells his 62,700 followers on the social media platform X that over the last two weeks, hundreds of thousands of ETH have been transferred to wallets […]
The post Ethereum’s Balance on Exchanges Spikes Amid Possible Sell-the-News Event, According to Crypto Analyst appeared first on The Daily Hodl.
Nigeria Increases Capital Requirements for Currency Dealers Nearly Sixtyfold to $1.4 Million
Elon Musk reportedly building ‘Gigafactory of Compute’ for AI
Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024.
Billionaire mogul Elon Musk’s xAI has plans to build a supercomputer in partnership with Oracle to power the next version of its “Grok” artificial intelligence (AI) large language model.
According to a report from The Information, citing a presentation shown to xAI stakeholders, the project has been framed as a “Gigafactory of Compute” for training and developing the next generation of the company’s Grok AI system.
Related: Political correctness in AI systems is the biggest concern: Elon Musk
Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month
The crypto exchange giant OKX will shutter its digital asset trading services in Hong Kong at the end of the month. OKX says it decided to pull its application for a virtual asset trading platform license in Hong Kong “after careful consideration of the business development prospects.” The exchange will stop providing trading services on […]
The post Crypto Exchange Giant OKX To Pull Trading Services From Hong Kong at the End of the Month appeared first on The Daily Hodl.