One Emerging Trend Could Give Solana an Edge Over Ethereum in the Battle for Layer-1 Dominance: Sygnum Bank – The Daily Hodl
One “emerging trend” could give Solana (SOL) an edge over Ethereum (ETH) in the race for smart contract supremacy, according to analysis from digital asset banking group Signum. The bank will approve it in the following way: new report Solana’s trading volume metrics are overstated and represent only a fraction of Ethereum’s market share. Signum […]
$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report – The Daily Hodl
After two and a half years of the Fed's “prolonged high interest rate” policy, US banks have reportedly collected more than $1 trillion. The high interest rate system has allowed thousands of U.S. banks to earn higher yields on their Fed deposits, according to data from the Federal Deposit Insurance Corporation (FDIC). report Financial Times. […]
Ethereum in Its ‘Final Stages of Capitulation’ Against Bitcoin, According to Analyst Benjamin Cowen – The Daily Hodl
A widely followed crypto analyst says the Ethereum vs Bitcoin (ETH/BTC) pair is on the brink of hitting a cycle bottom. new Video UpdateCrypto trader Benjamin Cohen told his 813,000 YouTube subscribers that all altcoins will eventually bottom against the crypto king and that ETH looks poised to stop falling against BTC. However, Cowen said […]
Investment Giant Franklin Templeton Building On-Chain Financial Services for Regulated Securities on Solana – The Daily Hodl
Financial services giant Franklin Templeton has announced that it is building a money fund for regulated securities on smart contract platform Solana (SOL). Speaking during a session during the Solana Breakpoint 2024 event, Mike Reed, head of digital asset partnership development at Franklin Templeton, said the investment giant's final step in completing the project is […]
Best Opportunity for Bitcoin? BTC Post Halving Re-Accumulation Setup Forming, According to Analyst Willy Woo – The Daily Hodl
On-chain analyst Willy Woo said that a classic indicator suggests now is an opportune time for bulls to position themselves for Bitcoin’s (BTC) next rally. Writing on social media platform X, Wu focused on the Puer Multiple, a popular method for predicting Bitcoin’s all-time highs. The Puell Multiple is the ratio of daily coin issuance […]
Chainlink (LINK) Continues To Witness More Development Activity Than Any Other ERC-20 Project: Santiment – The Daily Hodl
Decentralized oracle network Chainlink (LINK) continues to outperform all other ERC-20 projects in terms of development activity, according to crypto analytics firm Santiment. Santiment Notes According to social media platform X, Chainlink has registered 624.17 notable GitHub events in the past 30 days, more than double the 298.8 of the second-placed project, Ethereum (ETH). Oracle […]
One Relatively New Decentralized Exchange Has Gained Traction Quickly Amid a Cooling DEX Market: IntoTheBlock – The Daily Hodl
Despite the cryptocurrency sector’s bear market, relatively new decentralized exchanges (DEXs) are gaining momentum, according to digital asset analytics firm IntoTheBlock. company Notes The market capitalization of the leading DEX tokens is currently $26.6 billion. “After a brief rally earlier this year, the market has cooled off, wiping out all of the gains made since […]
‘There Is No Demand Growth’: CryptoQuant Analyst Outlines Factors Behind Bitcoin (BTC) Slump – The Daily Hodl
A lack of demand growth is keeping Bitcoin (BTC) prices depressed, according to head of research at digital asset analytics firm CryptoQuant. Julio Moreno Notes Social media platform X said demand for BTC has decreased and that “essentially all valuation metrics are in bearish territory.” Source: Julio Moreno/X Moreno noted that a key price level […]
$10,000 Tax Bonus Should Be Handed To Struggling American Workers Every Year, Says JPMorgan Chase CEO – The Daily Hodl
JPMorgan Chase CEO Jamie Dimon said he supports changes to the tax code that would give working Americans and their families more relief from the IRS. In a new interview with PBS NewsHour, Dimon said: say The Earned Income Tax Credit (EITC) should be expanded to cover all low- and moderate-income workers, regardless of whether […]
Largest Dogwifhat (WIF) Holder Continues Aggressive Accumulation of Solana’s Top Memecoin: Lookonchain – The Daily Hodl
dogwifhat, the largest non-exchange holder of the Solana (SOL)-based meme coin, continues to accumulate WIF, according to on-chain data. According to blockchain tracking firm Lookonchain, hundreds of thousands of WIF have been accumulated in recent days in Solana addresses beginning with “mmEAfW.” “The largest holder of WIF spent 1.54 million USDC to buy 800,556 WIF […]