Gemini co-founder Tyler Winklevoss says that the banking giant JPMorgan is attempting to sabotage fintech and crypto firms. In a post on the social media platform X, the billionaire says that JPMorgan retaliated to a tweet he made last week, saying that the financial services titan was seeking to bankrupt fintech and crypto firms by charging them fees to access their customers’ account information. According to Winklevoss, JPMorgan reached out to say that the bank would be pausing its re-onboarding of Gemini, which was dropped as a JPMorgan customer during the Biden Administration’s crackdown on crypto. “My tweet from last week struck a nerve. This week, JPMorgan told us that because of it, they were pausing their re-onboarding of Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0. They want us to stay silent while they quietly try to take away your right to access YOUR banking data for free through third-party fintechs like Plaid. Sorry Jamie Dimon, we’re not going to stay silent. We will continue to call out this anti-competitive, rent-seeking behavior and immoral attempt to bankrupt fintech and crypto companies. We will never stop fighting for what is right!” Previously, Winklevoss accused JPMorgan chief executive Jamie Dimon of sabotaging President Donald Trump’s attempts to push crypto by enacting these fees. “JPMorgan and the banksters are trying to kill fintech and crypto companies. They want to take away your right to access your banking data for FREE via-third party apps like Plaid and instead charge you and fintechs exorbitant fees to access YOUR DATA. This will bankrupt fintechs that help you link your bank accounts to crypto companies like Gemini, Coinbase, and Kraken so you can easily fund your account with fiat to buy Bitcoin and crypto… Jamie Dimon and his cronies are trying to undercut President Trump’s mandate to make America the pro-innovation and the crypto capital of the world. We must fight back! Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Tyler Winklevoss Says JPMorgan Chase Is Attempting to Bankrupt Fintech and Crypto Companies – Here’s Why appeared first on The Daily Hodl .
Crypto microloans are experiencing a dramatic resurgence, fueled by a broader revival in digital asset markets closely tied to US President Donald Trump’s pro-crypto stance. Three years after a devastating market crash triggered a wave of bankruptcies across the crypto lending sector , a new crop of startups is aggressively re-entering the space. They possess unsecured, tech-driven lending models — and no collateral required. These ventures are riding a wave of investor optimism reignited by Trump’s pro-crypto agenda and the sharp rebound in the broader crypto market. At the forefront is Divine Research, a San Francisco-based firm that has issued more than 30,000 uncollateralized microloans since December. Working alongside OpenAI CEO Sam Altman’s eye-scanning crypto identity project , Worldcoin, Divine says it’s helping individuals excluded from traditional finance access short-term loans under $1,000, denominated in Circle’s USDC stablecoin. According to Diego Estevez, Divine’s founder, this is microfinance on steroids. He continued to say that they were lending to everyone from high-school teachers to fruit vendors — anyone with internet access. Divine’s model hinges on Worldcoin’s biometric verification. Once a borrower scans their iris, the system ensures they can’t re-enter the platform under a new identity if they default. Despite default rates of 40% on first-time loans, Estevez claims high interest rates of 20–30% and partially reclaimable tokens balance the risk. He also said individual depositors fund the loans, incentivized by promises of consistent yields. Crypto credit startups embrace programmable trust and AI Divine isn’t alone. 3Jane, a crypto credit startup backed by Paradigm (an early FTX investor), recently raised $5.2 million in seed funding. It offers unsecured USDC credit lines via Ethereum smart contracts, though it requires “verifiable proofs” of financial standing — such as bank statements or crypto holdings — rather than collateral. The firm sells defaulted loans to US debt collectors and is working on AI-powered agents that obey debt covenants automatically, potentially allowing lower interest rates. Meanwhile, Wildcat, another rising protocol, caters to market makers and crypto trading firms by offering customized, undercollateralized credit facilities. Over $170 million has already been lent through its Ethereum-based platform. Like competitors Clearpool and TrueFi, Wildcat allows borrowers to define terms like maturity and loan caps, while lenders self-organize in case of default. “We’re seeing a shift toward programmable trust,” said Evgeny Gaevoy, Wildcat adviser and Wintermute CEO. “In the absence of collateral, reputation and transparency become everything.” Wall Street, AI, and biometrics fuel high-stakes reboot of crypto lending The crypto lending revival comes as Bitcoin prices hit new highs and traditional finance warms to digital assets. Cantor Fitzgerald recently launched a $2 billion “Bitcoin Financing Business”, and JPMorgan is reportedly exploring crypto-backed loans. Even Coinbase is experimenting with AI agents embedded with crypto wallets, developed in collaboration with Altman’s OpenAI, that could one day autonomously manage loans and repayments. Still, memories of the 2022 crypto lending crash — marked by the collapses of Celsius and Genesis — loom large. Celsius’s CEO, Alex Mashinsky, is serving 12 years for fraud, while Genesis agreed to a $2 billion settlement in a lawsuit over defrauding 230,000 investors. Despite those risks, startups like Divine are betting that biometrics, blockchain, and AI can reboot crypto credit models for a new era where loans aren’t backed by assets, but by identity, algorithmic enforcement, and yield-seeking investors. KEY Difference Wire helps crypto brands break through and dominate headlines fast
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The crypto market is witnessing early signs of a brewing altcoin season. Ether (ETH) has been outperforming bitcoin (BTC), a sign that investors are beginning to rotate capital from the latter to the former. According to a weekly CryptoQuant report , a continuation of the current market trend could lead to a full-blown altseason, where bitcoin stalls and altcoins take off, raking in massive gains for investors. Investors Rotate capital to Altcoins For most of this bull cycle, ETH has underperformed against BTC. However, the situation has reversed. The relative price of ETH to BTC has surged from 0.018 to 0.031, reaching its highest level since January 24. The shift in ETH performance started after the ETH/BTC Market Value to Realized Value (MVRV) ratio fell into the extremely undervalued territory in April. This ratio has acted as resistance since early 2023. ETH has now recovered and outperformed BTC by 72%. CryptoQuant analysts suggest that the ratio could rise further if it surpasses its 365-day moving average, with ETH potentially outperforming BTC even more. With ETH receiving more capital now, the asset’s spot trading volume is exceeding that of bitcoin’s. For the first time in more than a year, the weekly spot trading volume for ETH surpassed that of bitcoin. ETH recorded $25.7 billion last week, while BTC saw $24.4 billion within the same period. Analysts revealed that this is the first time since June 2024 that ether’s weekly spot trading volume has exceeded bitcoin’s. This means the ETH/BTC trading ratio is above 1. Overall altcoin trading volume has increased to the highest level since March. This metric totaled $67 billion on July 17, a figure the market has not seen since March 2. The growth indicates a renewed interest in altcoins among investors. ETH Sees Less Selling Pressure Than BTC Furthermore, crypto investors are injecting more capital into U.S. spot Ethereum exchange-traded funds (ETFs) compared to their Bitcoin counterparts. Ethereum ETF allocations are growing faster than Bitcoin’s, as seen in the ETH/BTC ETF Holding Ratio climbing from 0.05 to 0.12. Meanwhile, the ETH/BTC exchange inflow ratio, which measures selling pressure for the two assets, declined in May to its lowest level since 2020. The drop signaled that ETH was facing much lower selling pressure than BTC. Although the ratio has increased since then, it is still far from extremely high levels, which is a bullish signal – ETH could continue to outperform BTC. The post Bitcoin Takes a Backseat as Investors Rotate Capital to ETH and Altcoins: CryptoQuant appeared first on CryptoPotato .
Bitcoin ( BTC ) could still reach the $130,000 mark, with the Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands highlighting a crucial range to watch for this milestone. According to on-chain analytics platform Glassnode , the metric suggests that as long as Bitcoin holds above the $110,000 support level, there is room for a renewed push toward an all-time high. Currently trading around $118,000, Bitcoin remains in a zone of growing optimism, but it has not yet reached the euphoric levels typically seen near market tops. Bitcoin MVRV pricing bands. Source: Glassnode The MVRV model, which compares Bitcoin’s current price to the average price at which coins were last moved, helps gauge whether the asset is overvalued or undervalued. Since early 2023, Bitcoin has steadily climbed, typically gaining momentum after clearing major technical levels. The asset is now approaching a historical zone that has often preceded previous peaks. To break above $130,000, Bitcoin must maintain its position above $110,000, now considered a key support level. Holding this level could pave the way for further upside, while a drop below it may delay a breakout. Bitcoin yet to hit euphoric levels At the same time, on-chain analyst Ali Martinez noted on July 26 that Bitcoin’s current rally still has room to run. He pointed out that while the asset has climbed to around $120,000, capital inflows into the broader crypto market remain relatively modest, suggesting investor sentiment hasn’t yet overheated. Cryptocurrency market aggregate market realized value chart. Source: Glassnode Martinez, citing Glassnode data, highlighted that aggregate inflows stand at roughly $82 billion, well below the $135 billion seen in December 2024, when Bitcoin was trading near $96,000. This divergence implies that, despite rising prices, ‘there’s still room to grow before we reach peak euphoria’. Bitcoin price analysis As of press time, Bitcoin was consolidating at $118,318, up 0.8% on the day but down 0.13% over the past week. Bitcoin seven-day price chart. Source: Finbold Meanwhile, technical indicators support the possibility of continued strength. For instance, Bitcoin is trading well above its 50-day simple moving average ( SMA ) of $110,580 and 200-day SMA of $90,392, both signs of a sustained uptrend. On the other hand, the 14-day Relative Strength Index ( RSI ) stands at 60.43, indicating bullish momentum without signaling overbought conditions. Featured image via Shutterstock. The post Here’s the key level Bitcoin must hold to claim $130,000 as ‘peak euphoria’ looms appeared first on Finbold .
Personal finance author Robert Kiyosaki is cautioning against having Bitcoin ( BTC ) exposure through exchange-traded funds (ETFs) rather than holding real coins. In a new post on the social media platform X, the Rich Dad Poor Dad author refers to Bitcoin ETF shares as “paper,” emphasizing that it’s still better to own the real asset directly rather than depend on institutions for exposure. “BEWARE of PAPER. I realize ETFs make investing easier for the average investor….so I do recommend ETFs for the average investor. Yet I extend these words of caution. For the average investor, I recommend: Gold ETFs Silver ETFs Bitcoin ETFs Yet an ETF is like having a picture of a gun for personal defense. Sometimes it’s best to have real gold, silver, Bitcoin, and a gun. Know the differences when it is best to have real and when it’s best to have paper. If you know the differences and how to use them…. you’re better than average. Take care.” Kiyosaki’s warning comes amid an explosion in the market cap of all Bitcoin ETFs. The latest numbers from the crypto data aggregator Coinglass show that Bitcoin ETFs collectively hold a market cap of $152.73 billion. At the top of the list is BlackRock’s iShares Bitcoin Trust (IBIT) with a market cap of $86.11 billion, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) and Grayscale Bitcoin Trust ETF (GBTC) with market caps of $23.14 billion and $21.33 billion, respectively. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Rich Dad Poor Dad Author Issues ‘Paper Bitcoin’ Warning As BTC ETFs Shatter $152,000,000,000 appeared first on The Daily Hodl .
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Tom Lee, managing partner and head of research at Fundstrat Global Advisors, shared his views on the differences between the new generation of individual investors and institutional investors on Amit Kukreja's podcast. The experienced strategist clearly stated that the real reason behind his preference for Ethereum was the growth in the stablecoin sector. Tom Lee, a long-time chief strategist at JPMorgan Chase, is known among US investors for his accurate predictions of market trends and frequent appearances on major media platforms like CNBC. However, he has also been the target of criticism for his consistently optimistic approach to the market. In the podcast, Lee also touched on the characteristics of the era in which today's individual investors find themselves, attributing the change in this period to two main factors: the visibility provided to startups by independent media channels that came with the rise of social media, especially Twitter, and the resurgence of investor optimism about stocks that occurs every 20 years in the US. Related News: Critical Levels in Bitcoin Have Been Set - What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a Decline? Lee, known for his strong support for cryptocurrencies, was recently appointed chairman of Bitmine and played an active role in the company's $250 million Ethereum treasury strategy. This move resonated heavily in the crypto market. While he praised Ethereum for its technical aspects, Lee explained the main reason: “I love Ethereum because it's a programmable smart contract blockchain. But honestly, the real reason I chose Ethereum is the explosion of stablecoins. Circle, for example, had one of the best IPOs of the last five years. It's driven some funds to perform incredibly well, with a price-to-earnings ratio of 100x EBITDA. And this is a stablecoin company. Stablecoins are like the ChatGPT of the crypto world. They've entered the mainstream. This is evidence of Wall Street's efforts to 'stake' tokens. The crypto community, conversely, is tokenizing stocks, like the tokenization of the US dollar.” *This is not investment advice. Continue Reading: Market Prophet Tom Lee Explains Why He Chose Ethereum Over Bitcoin
A solo Bitcoin miner has successfully mined a block on Saturday, earning the coveted 3.125 BTC block reward worth $372,773. The miner was operating through the Solo CK pool, a solo mining service. According to details, he successfully mined block 907,283, which contained 4,038 transactions, paying block fees of about $3,436. Over the last few years, it has been hard for solo Bitcoin miners to compete with large-scale, corporate mining firms. This is largely due to the increase in network hashrate and difficulty, making the scene very competitive. However, despite this competition, some solo miners have been recorded some degree of success this year, mining solo blocks at intervals since the beginning of the year. Solo Bitcoin miners record success The victories recorded by solo miners are a reminder that even though improbable and nearly impossible, they can still be successful in the industry. There have been several cases this year where some of them have come out on top when it comes to mining, taking the full reward. For instance, the first successfully mined solo block this year happened in February, with the miner solving block number 883,181 and winning 3.125 BTC worth $300,000. According to Bitcoin block explorer Mempool.space, the block contained 3,071 transactions and a total reward of 3.15 BTC. In a post announcing the development, Bitcoin miner Marshall Long speculated that the miner might have used a Bitaxe, a mining device that can be used for solo mining or mining pools where miners combine computational power to increase their chances of solving a block. In March, another solo Bitcoin miner solved block number 887,212, winning about 3.15 BTC, which was worth around $263,000 at the time. What made this incident spectacular is that the miner used a 480 GH/s Bitaxe device to solve the block. This month, there have been two solo miners who have gone all the way. The first, which happened on July 4, saw the miner earn 3.173 BTC worth $330,000 after mining block number 899,826. The second, which happened on July 12, saw the miner win 3.154 BTC after solving number 904,989. Rise in network difficulty poses challenges to professional mining firms Over the last few months, there has been a rise in network difficulty and hashrate, coupled with a drop in block subsidy. These developments have posed challenges to established mining firms. Most of them have now diversified their large mining operations into AI data centers and high-performance computing to make up for the losses racked up in the mining business amid a rise in competition. Bitcoin network difficulty is currently about 126 trillion, which is close to its all-time high levels. Its network difficulty has also been trending up over the last few days, forcing miners to use greater computing and power resources to mine blocks. Presently, miners earn a 3.125 BTC reward worth around $373,000 from a single block at current prices. The competition in the industry puts them on edge, pushing them to find the cheapest energy resources. In June, several Bitcoin miners located in Texas were forced to reduce their energy consumption to avoid paying peak demand charges to the grid operator. This caused a drop in block production in the short term. Last month, MARA was one of the firms affected by the weather conditions, reporting lower power output numbers due to its slowed mining operations. KEY Difference Wire helps crypto brands break through and dominate headlines fast