A new multi-million dollar guaranteed income program is reportedly launching in one US city to help survivors of domestic violence and foster youth. The Los Angeles City Council has just allocated $2 million for the pilot program that aims to provide $1,000 monthly payments to qualifying participants for two years, reports ABC7. LA council member Hugo Soto-Martinez, who led the effort with fellow LA council member Curren Price, says the new program is meant to build on the success of a previous basic income pilot program that provided 3,200 households living below the poverty level with $1,000 in cash each month for 12 months. Says Soto-Martinez, “We are building on the success of that program with a new $2 million investment, and this next phase will continue to support survivors of intimate partner violence – the group that saw the most dramatic improvements in that pilot program.” Soto-Martinez also says that current or former foster youth between the ages of 16 and 24 are eligible to participate in the new program and they will receive job training along with the monthly payments. “For the first, we’re pairing these direct payments with job training through the Hospitality Training Academy, which has a near 100% success rate in placing their graduate into high-quality, good-paying union jobs.” The program is expected to assist 83 participants. 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 US City Handing $2,000,000 to Residents After New Guaranteed Income Plan Approved appeared first on The Daily Hodl .
An analyst has pointed out how Dogecoin has entered into a zone that kicked off major bull runs for the memecoin in the past. Dogecoin Is Trading Near Lower Level Of Historical Ascending Channel In a new post on X, analyst Ali Martinez has talked about how the weekly Dogecoin price has entered into a historically important buy zone. Below is the chart shared by Martinez, showing this trend. As is visible in the graph, the Dogecoin weekly price has roughly followed an Ascending Channel over the past decade. The “Ascending Channel” here refers to a technical analysis (TA) pattern that forms when an asset trades between two parallel trendlines angled upward. Related Reading: Bitcoin Short-Term Holders Are Capitulating—Will June Pattern Repeat? The upper line of the pattern tracks successive higher highs in the price, while the lower one connects higher lows. The former is considered to be a source of resistance and the latter that of support. Though, while this may be so, Dogecoin has dipped under the lower line of its long-term Ascending Channel a few times over the years, with the latest instance coming this year. That said, in each of these occurrences, the asset found support at a trendline a bit below the Ascending Channel’s lower level. The analyst has described the shaded area between the two lines as a “historically strong buy zone.” From the chart, it’s apparent that multiple major bull runs in DOGE found their start after the price retested this zone. At present, the token is trading inside the area, with recent attempts to re-enter the Ascending Channel ending up in failure. It now remains to be seen whether a breakout into the channel would follow for Dogecoin and potentially kick off another rally, or if this cycle would break the pattern. Related Reading: Dogecoin Whales Buy The Dip: $1 Billion DOGE Added The Ascending Channel is just one type of pattern with parallel trendlines that exists in TA. When the asset’s consolidation occurs toward the downside instead, the formation is known as a Descending Channel. As pointed out by Martinez in another X post, another memecoin, Pudgy Penguins (PENGU), has broken out of such a channel recently. As displayed in the above chart, the 1-hour price of Pudgy Penguins was sliding down inside the Descending Channel during the last two weeks, but it has just found a surge above its resistance line. “PENGU targets $0.041 after breaking out of a descending channel!” says the analyst. DOGE Price At the time of writing, Dogecoin is trading around $0.21, up almost 4% over the last 24 hours. Featured image from Dall-E, charts from TradingView.com
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The crypto market is heating up as news of Bitcoin inching closer to the approval of an ETF. The possible announcement may come anytime and is expected to set off a wave of capital flow and shift the current sentiment across digital assets. Despite Bitcoin being the main focus of the ETF, many traders are already preparing for the next move. Investors are turning their eye to altcoins, which usually benefit from such momentum. Ethereum (ETH) and Ripple (XRP) are likely to benefit more. However, smaller projects that have the ability to give massive returns such as MAGACOIN FINANCE are also quietly attracting investors. Many traders are always on the look out for early-stage opportunities with high returns. Ethereum Builds Strength Ahead of Market Shift Ethereum has been dominating analyst discussions due to its attractive features. Moreover, the recent changes in the market are attracting institutional players. Its growing network of Layer 2 solutions and smart contract applications puts it in a strong position to handle the capital inflow expected after the Bitcoin ETF is approved. On top of that, Ethereum’s move to proof-of-stake has reduced its token issuance. This lower supply creates favorable conditions for a potential price rally during the next cycle. XRP Rises with Renewed Institutional Confidence XRP has become one of the most trending coin in recent times due to the legal clarity in the market. The SEC clarified the sale of XRP token as not securities when sold to retail investors. The clarity has given the coin a major edge in attracting new interest. Ripple has also expanded its role in cross-border payments. The move has increased the use case for XRP. Institutional investors are buying the coin due to the regulatory clarity. The renewed confidence could be a major catalyst in the weeks ahead. MAGACOIN FINANCE Gains Traction as Traders Hunt for High-Upside Altcoins If the Bitcoin ETF is approved, BTC will likely lead the initial surge in the crypto market. However, based on past trends, capital often rotates quickly into altcoins that offer higher volatility and short-term returns. The movement of investors from large cryptocurrencies such as Bitcoin to other altcoins often tend to reward early movers. Altcoins typically rally after Bitcoin cools off. In addition, smaller-cap tokens often outperform due to their explosive nature. MAGACOIN FINANCE has caught the attention of early traders. The project offers decentralized finance features, yield-generation tools, and governance functionality. Its roadmap outlines features that could support the long-term growth in the broader altcoin ecosystem. One of the biggest draws is its low supply and early-stage valuation. Some analysts have predicted potential returns as high as 15,800%. The return has been experienced in only a small portion of other tokens that have broken out before hitting major exchanges. Final Thoughts Ethereum and XRP stand out as frontrunners for institutional capital. At the same time, rising interest in newer altcoins like MAGACOIN FINANCE shows how traders are positioning for a broader altcoin rally. With momentum building and ETF approval on the horizon, all eyes are on the next breakout trend in crypto. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Bitcoin ETF Announcement Incoming—Altcoins Like ETH and XRP in Spotlight
In a surprising shift away from Bitcoin dominance, several publicly traded companies are now stacking Solana—not for short-term price pumps, but for the reliable, passive income staking provides. As the market moves toward utility and yield, Solana is becoming a magnet for institutional capital. One of the latest moves came from Bit Mining, which used to focus entirely on Bitcoin. This week, the company pivoted into Solana with a $4.5 million buy and launched its own validator node. Upexi, a supply chain tech firm, has gone even bigger—accumulating over 2 million SOL in July. According to its CEO, that stash is now generating approximately $65,000 daily through staking rewards at an 8% return. Another player, DeFi Development Corp., originally rooted in real estate, now holds over 1.2 million SOL and is spreading that across validators for long-term yield generation and network support. Together, these companies are turning Solana from a speculative asset into a long-term yield machine. Top Public Companies by $SOL Holdings 1. Upexi, Inc – 1.9M 2. DeFi Dev. – 1.1M 3. SOL Strategies – 392.6K 4. Torrent Capital – 40K — CoinGecko (@coingecko) August 6, 2025 Retail Investors Are Flocking to This New Altcoin as Institutions Load Up on Solana While large corporations look to SOL for staking, retail investors are setting their sights on a different kind of opportunity—MAGACOIN FINANCE, a fast-rising altcoin that’s being hailed as the best crypto presale of the current cycle. With strategic tokenomics and a growing community, the project is attracting those who missed the early runs of coins like SHIB and DOGE. Analysts are pointing to a realistic 7,800% upside from current entry points, making it a rare shot for everyday investors to beat institutions to the next big thing. Presale slots are already filling up fast, adding pressure for early participants to secure their spot before major exchange listings. Staking Rewards Are Fueling Corporate Crypto Adoption According to CoinGecko data, just four publicly traded firms now hold more than 3.5 million SOL combined—worth over $590 million. This accounts for nearly 0.65% of the total supply in the hands of just a few players. This trend shows how companies are now chasing not just asset appreciation, but real, yield-driven revenue streams in crypto. Additionally, BitGo stated that Solana offers one of the most compelling staking models for institutions seeking a differentiator.It’s not just about token price anymore—it’s about building recurring crypto cash flows, something that’s pushing Solana further into mainstream corporate finance. Conclusion As publicly listed firms build out validator infrastructure on Solana and rake in daily staking rewards, it’s clear that institutional money is pivoting to yield-generating blockchains. Meanwhile, retail investors hunting for growth are fueling the rise of MAGACOIN FINANCE, a new altcoin already tipped by analysts for massive gains in the next bull cycle. With both sides of the market moving quickly, the window for early positioning may not stay open much longer. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
New reports suggest that BlackRock may be preparing to offload over $664 million in Bitcoin and Ethereum, as ETF-linked wallet data shows potential movement across key custody addresses. According to blockchain analytics firm Arkham Intelligence, four wallets tied to BlackRock’s IBIT and ETHA ETFs appear to have shifted large reserves in recent days – raising alarms among market watchers about whether a major liquidation event is on the horizon. The total holdings in question—11,400 BTC and 26,000 ETH—represent one of the largest aggregated positions by a single asset manager. While no official confirmation has come from BlackRock, analysts are warning that even the rumor of such a dump could be enough to destabilize market sentiment in the short term. And if investor confidence is shaken, it could lead to capital fleeing toward more nimble, high-growth crypto plays—especially emerging tokens like MAGACOIN FINANCE that offer early-stage upside and no institutional overhang . Why a BlackRock sell-off could shift the narrative The speculation has ignited concerns about centralized influence over crypto markets. If BlackRock, seen as a trusted bridge between Wall Street and blockchain, begins unloading assets, it could signal broader doubt in current valuations – or even pre-positioning for a deeper macro pullback. Either way, such a move risks breaking trust among retail and institutional investors alike, particularly those who bought into ETFs expecting long-term holding strategies. Historically, market shocks like this have led to surges in interest for smaller, decentralized, community-backed tokens. And with sentiment this fragile, even a partial dump could redirect billions in retail flow toward early-stage opportunities tokens not yet tied to institutional risk or old-cycle baggage. $5,000 could deliver $550,000 once MAGACOIN FINANCE hits major exchanges That’s precisely why MAGACOIN FINANCE is now emerging as a top pick among early-mover investors. Still in its early phase, this politically charged coin has already outperformed expectations in terms of engagement, wallet sign-ups, and on-chain activity. But it’s the projected upside that’s turning heads: analysts now believe that a $5,000 investment at today’s rate could grow into $550,000 once MAGACOIN FINANCE gets listed on major exchanges and becomes globally accessible. What sets it apart? MAGACOIN FINANCE is blending virality with calculated rollout mechanics and a built-in ideological movement – attracting both hype traders and long-term ecosystem builders. Its rounds are closing fast , and the token has already surpassed early momentum levels seen in SHIBA INU and DOGE’s initial phases. Unlike assets weighed down by ETF custody issues or legacy reputation, MAGACOIN is clean, nimble, and built for exponential scaling. And in a post-BlackRock trust shake-up , MAGACOIN FINANCE could offer the kind of fresh start and narrative clarity the market desperately needs. As institutions wobble, early-stage plays surge While large asset managers like BlackRock have brought credibility to the crypto space, they’ve also introduced traditional finance behaviors – like strategic selling, liquidity protection, and risk management – that don’t always align with crypto’s ethos. If retail begins to feel burned by centralized exits, expect a mass migration to new, decentralized alternatives, particularly those not yet influenced by ETF politics or institutional pacing. Projects like MAGACOIN FINANCE, which have no legacy exposure and are just entering their growth phase , stand to capture the fallout from any broken trust in the top-tier token space. Conclusion: Institutions may sell – early movers will seek the next frontier Whether or not BlackRock executes a full sell-off, the market is clearly watching. And in moments like these, capital tends to flow fast toward uncorrelated opportunities. With MAGACOIN FINANCE offering projected 110x upside and gaining global traction ahead of its major listings, it’s no surprise that analysts are calling it the top altcoin bet in a post-ETF correction world. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance
Despite outperforming Bitcoin in 2025, gold remains in a long-term bearish trend the leading cryptocurrency
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Significant Bitcoin transfer raises curiosity in the crypto market. Old wallets show increased transfer activity recently. Continue Reading: Massive Bitcoin Transactions Trigger Market Buzz and Speculation The post Massive Bitcoin Transactions Trigger Market Buzz and Speculation appeared first on COINTURK NEWS .