Bitcoin Magazine Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926 per coin. The purchase represents roughly 10% of the company’s total cash holdings based on a new policy approved by its board of directors. In a statement, Méliuz said the bitcoin allocation seeks “long-term returns” on the investment as part of its treasury management. The company also created a Bitcoin Strategic Committee to study expanding its strategy and making bitcoin a primary treasury asset. Méliuz Chairman Israel Salmen told local media the move into bitcoin provides an “intelligent alternative” to holding cash reserves. “We see bitcoin as a long-term store of value,” he remarked. JUST IN: Brazilian listed company Méliuz buys 45.7 #Bitcoin for $4.1 million Bitcoin is good for corporations pic.twitter.com/rCGiGYXdlR — Bitcoin Magazine (@BitcoinMagazine) March 6, 2025 The $4.1 million bitcoin acquisition makes Méliuz the first publicly listed Brazilian company to hold bitcoin on its balance sheet. The strategy mirrors those adopted by U.S. firms like MicroStrategy, which holds over 500,000 bitcoins worth over $46 billion. Méliuz offers cashback and financial services to over 30 million users in Brazil. But its stock price has plunged from highs near $6 billion in 2021 down to just $270 million currently. Salmen said the negligible trading volume makes Méliuz shares appear “irrelevant” in public markets. He hopes the pioneering bitcoin move renews investor interest. Brazil’s bitcoin and crypto sector has expanded rapidly with over $200 billion traded last year. Méliuz is betting its bitcoin treasury allocation will deliver higher long-term returns than Brazil’s benchmark interest rate of 13.75%. This post Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin .
Solana price may be poised for a parabolic rally after Wall Street giant VanEck hailed a new proposal to reduce the annual SOL inflation rate to 1.5%. This proposal will commence voting on March 6, 2025, and if implemented, it could reduce Solana’s supply significantly and drive price growth. As the Solana community votes on the proposal, will it ignite a parabolic rally for SOL to a new ATH? VanEck Says New Inflation Proposal Will Boost Solana Price Value Solana price has been under bearish pressure due to FTX unlocks . However, VanEck believes that a new proposal could shift the market sentiment, In its recent monthly report, VanEck hailed the SIMD 0228 proposal whose vote is scheduled today. It noted that the proposal was the “most impactful” to Solana price as it would reduce the annual inflation rate from 4.7% to 1.5%. Per the asset manager, “We believe lowering inflation is a worthy goal that strengthens Solana’s long-term sustainability. Maintaining a predictable and low inflation rate can support SOL’s value by reducing dilution and sell pressure.” The head of digital assets research at VanEck, Matthew Sigel, had also supported the proposal, saying it could stabilize and strengthen Solana’s position in the crypto industry. VanEck Head of Digital Assets Research Despite the optimism, the upcoming upgrade has also received opposition. According to one member of the Solana community, this proposal would reduce the amount of Solana being staked and compromise network security . Solana Technical Analysis – Is a New ATH in Sight? If the Solana SIMD 0228 proposal passes the community vote, it could stir a parabolic rally for Solana price. At press time, SOL trades at $146 after a 3.3% rise in 24 hours. According to analyst Crypto Rand, Solana price was forming a bull reversal on its daily chart. The altcoin was attempting to break from a descending trendline to confirm this reversal. Looking at past trends, a decisive breakout from this trendline has often preceded a parabolic price rally. This could set the stage for a surge to an all-time high. SOL/USDT: 3-day Chart Another analyst CryptoCurb has an even more bullish Solana price prediction. In his analysis, he noted that Solana had entered had entered a demand zone where buying pressure has previously been strong. If Solana were to bounce from this zone, it could make a massive rally towards $1,000. SOL/USD: 2-Week Chart Solana price is struggling to bounce past $150. However, the proposal to reduce inflation could bode well for SOL in the long term. If the proposal passes, it could also spike short-term volatility as traders anticipate the effects that it will have on the price. The post Will Solana Price Skyrocket As VanEck Backs Proposal to Slash Inflation? appeared first on CoinGape .
El Salvador’s ongoing Bitcoin integration is stirring controversy as President Nayib Bukele defies IMF mandates while bolstering national reserves. Despite a binding agreement with the International Monetary Fund (IMF) to
The post Cardano Forecast: 80% Further Gains For ADA & Why Is Panshibi (SHIBI) So Attractive To Cardano Holders? appeared first on Coinpedia Fintech News After a massive 80% jump, Cardano’s price is now trading near $0.964 , with many questioning whether the coin can sustain its momentum. While some foresee further upside thanks to a U.S. “crypto reserve” led by President Donald Trump, others warn that Cardano may be vulnerable to setbacks if Congress or whale activity undermines the rally. Amid this intrigue, a new meme contender Panshibi (SHIBI) emerges at $0.005, raising more than $1.22 million and capturing attention from meme enthusiasts seeking alternative gains. Below, we examine these developments and how traders can weigh their options. Cardano Price Prediction: Can an 80% Rally Hold? The Cardano price soared above $1, only to settle back to the mid-$ 0.90s. Some blame overbought conditions and profit-taking by major players. Although Cardano’s run made headlines, skeptics highlight multiple reasons not to buy ADA just yet. First is that Trump’s plan for a strategic crypto reserve still hinges on Congressional approval. If lawmakers block it, any price pump tied to government backing could unravel quickly, leaving Cardano holders vulnerable to a selloff. Secondly, Data shows whales sold 110 million ADA during the surge, implying big-money traders lack long-term confidence at these elevated prices. Their selling may restrict Cardano’s ability to hold above $1 if broader sentiment weakens. Lastly, an overbought RSI near 67 and waning MACD histogram bars suggest buyer enthusiasm could be fading. If the coin loses support at $0.97, chart watchers warn of potential dips to $0.81 or even $0.65. Cardano’s success rests on bridging these concerns and navigating the political, institutional, and whale-driven hurdles that might derail its recent rally. Those who believe the coin’s fundamentals and the upcoming White House Crypto Summit could trigger more upside must also accept the volatility that shapes short-term price action. Panshibi (SHIBI): A Comedic Alternative While Cardano price updates dominate serious altcoin discussions, Panshibi (SHIBI) appeals to a different crowd with comedic branding and structured tokenomics. Priced at $0.005, Panshibi secures liquidity for 10 years and locks team tokens for two moves meant to mitigate the sudden dumps that plague many meme coins. An audit further solidifies trust, catering to investors who crave comedic returns but want some degree of security. Early backers say an AI-based “social-fi” model sets $SHIBI apart by incentivising holders to stake, complete quests, and remain engaged beyond a quick hype cycle. If mainstream interest in meme coins reignites, Panshibi’s fresh branding and locked liquidity may draw risk-seeking traders. The project’s more robust approach could help it survive the initial hype phase better than typical short-lived memes. Conclusion An 80% rally above $1 forced the Cardano price into the spotlight, but questions remain over the U.S. crypto reserve’s viability and whales’ selling actions. Despite these red flags, some see potential for Cardano if it can hold above key supports and harness more bullish news. Meanwhile, Panshibi (SHIBI) capitalizes on comedic flair, locked security, and an active community to stake its claim in a volatile market. Both stories underscore that crypto remains driven by headlines, big bets, and sentiment offering opportunities for those willing to accept the associated risks. You can participate in the Panshibi presale here: Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi_ Website: https://panshibi.com
If you are closely following the crypto market, you would have noticed that SOL and XRP are competing for center stage as the crypto market heats up. The last few months saw a bearish momentum in the altcoin space, but within the past week, there’s been a resurgence. Price is gradually bouncing back as both altcoins enjoy a slight price recovery. Analysis from Solana news states that one of the reasons behind SOL and XRP recovery is the performance of meme coins like SHIBI and TRUMP. As these meme coins continue to perform well, there is renewed interest in the crypto space, which has significantly boosted the price of other altcoins. Will meme coins be key to the altcoin market in the future? What is the best project to invest in this year? Let’s dive into the details. Solana (SOL) Gains Momentum with Panshibi (SHIBI) and Trump’s Support Solana has become the blockchain for meme coins and fast transactions. Despite its ups and downs, it still manages to stay on top, serving as a direct rival to Ethereum. Panshib, a relatively new meme coin, takes advantage of Solana's low transaction fees and fast transfers to offer real-life utility. Panshibi is still in its presale stage, yet it has already recorded success as its price hits $0.005. The project's roadmap and real-life utility have positioned it for astronomical growth like tokens such as Bonk (BONK) and SHIB. Similarly, TRUMP continues to record success as price reaches $12.9 with thousands of investors recording huge profit since the project launched. Consequently, the SOL price seems to be enjoying a bearish movement, thanks to the momentum from these meme coins. SOL has a strong support level, and analysts expect it to break the $200 mark soon. XRP Prepares for a Strong Performance Amid Legal and Institutional Growth Despite Ripple's legal battles, it continues to gain global partnerships and reinforces its position as a player in cross-border payment systems. As Solana news reports that SOL rides high on memecoin mania, there’s also belief that XRP will not be neglected. There seem to be signs that the performance of meme coins like SHIBI and TRUMP means altcoins like XRP will also experience a resurgence. Market experts anticipate a potential rally for XRP, pushing its price beyond the $3 resistance level in the coming weeks. If you are looking for a 1.2x to 1.5x profit within the next couple of weeks, XRP is a great option. But if you are looking for up to 50x profit, the best option is buying SHIBI now that it’s still in the presale stage. Panshibi (SHIBI) Could Be the Next Big Memecoin on Solana SHIBI is designed to thrive in the growing meme coin market. It is built on the Solana network, which means investors will enjoy fast transaction speeds. The project has a good road map, liquidity, and an active community. Considering these factors, experts believe that SHIBI may be the bigger project for 2025, with the potential to give 50x gains to early investors. Whether you’re looking for the next big memecoin or a long-term utility-driven crypto, SHIBI is the token to watch in the coming weeks. The latest Solana news points to an exciting period ahead for investors. As SOL attempts to bounce back and XRP continues to prove its resilience with growing institutional adoption, investors may yield profit in the coming weeks. Despite this, you may not gain more than 2x profit from these two altcoins, which is relatively poor when compared to what you could achieve if you invest in meme coins like Panshibi that offer up to 50x profit margin. Visit the Website , Telegram, or Twitter to get started. Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Cryptocurrency analyst Kevin Svenson is highlighting a potential bullish catalyst for altcoins. In a new video, Svenson tells his 82,800 YouTube subscribers that an expansion in the global money supply could trigger a rally in altcoins. According to Svenson, previous altcoin rallies have erupted after an increase in the global money supply. “Every major bull run for these altcoins… …they really did not start running until global liquidity exploded, you know, went up tremendously… And what we’ve seen is that until recently global liquidity we were testing the 2022 highs as support just recently… There has been no growth for the M2 (money supply) at all really. But it’s starting to come up… …you can see the M2 is slowly coming up now to a breakout. And that breakout in global liquidity may be exactly what the altcoins need to start doing something for real.” Source: Kevin Svenson/YouTube The crypto analyst says that he sees altcoins replicating the price action they displayed during the rally that occurred in the fourth quarter of 2024. According to Svenson, the market cap of altcoins could go up by around 190% from the current level. “If you just extrapolate… It would take us up to $730 billion roughly which would be a new all-time high… That might be a target zone for altcoins and then they could come back to retest the trend line. And maybe go up later it might just be a very steady uptrend where there’s just a lot of profit taking at every new high.” Source: Kevin Svenson/YouTube Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 This Catalyst Is Exactly What Altcoins Need To ‘Start Doing Something for Real,’ Says Analyst Kevin Svenson appeared first on The Daily Hodl .
Get ready for a potentially seismic shift in the crypto landscape! The White House is set to host a groundbreaking Crypto Summit on March 7th, bringing together the biggest names in the industry and key regulatory figures. This isn’t just another conference; it’s a pivotal moment where industry leaders and policymakers will converge to discuss the future of digital assets and, crucially, crypto regulation. Scott Melker, a prominent voice in the crypto space and host of “The Wolf Of All Streets Podcast,” dropped the attendee list on X, and it’s a veritable who’s who of the crypto world. Let’s dive into who’s attending and what this summit could mean for you. Who’s Who at the White House Crypto Summit? The attendee list reads like a crypto power ranking. Imagine a room filled with the minds behind some of the most influential companies and projects in the digital asset space. Here’s a breakdown of the confirmed attendees, showcasing the diverse expertise and perspectives converging at this crucial event: Michael Saylor, Founder of Strategy: A staunch Bitcoin advocate and a major corporate investor in crypto. His presence underscores the institutional interest in digital assets. Zach Witkoff, Co-founder of World Liberty Financial: Representing the growing intersection of traditional finance and the crypto world. Sergey Nazarov, Co-founder of Chainlink: The visionary behind Chainlink, a critical oracle network powering smart contracts and decentralized applications. His expertise in blockchain technology is invaluable. Brian Armstrong, CEO of Coinbase: Leading one of the largest and most regulated cryptocurrency exchanges globally. Armstrong’s insights into exchange operations and regulatory compliance are crucial. Vlad Tenev, CEO of Robinhood: Bringing the perspective of a platform that has democratized investing, including crypto, for millions of retail users. Arjun Sethi, CEO of Kraken: Another major global cryptocurrency exchange CEO, bringing further depth to the exchange perspective at the summit. Brad Garlinghouse, CEO of Ripple: Leading Ripple, a company focused on enterprise blockchain solutions and cross-border payments. Garlinghouse’s experience navigating regulatory complexities is highly relevant. David Sacks, AI & Crypto Czar: A prominent figure in both AI and crypto, highlighting the convergence of these cutting-edge technologies. Mark Uyeda, Acting Chair of the SEC: Representing the Securities and Exchange Commission, a key regulatory body for crypto in the US. His presence signals the government’s serious engagement with crypto regulation. Caroline Pham, Acting Chair of the CFTC: Representing the Commodity Futures Trading Commission, another crucial regulator overseeing aspects of the digital asset market. This is not an exhaustive list, but it gives you a powerful snapshot of the high-caliber individuals who will be shaping the conversations at the White House. The blend of industry CEOs and regulatory leaders suggests a serious and potentially impactful dialogue about the future of crypto. Why is the White House Crypto Summit a Big Deal? This summit isn’t just a casual get-together; it’s a significant event for several reasons. Let’s break down why this White House Crypto Summit is generating so much buzz and why you should care: High-Level Engagement: Hosting a crypto summit at the White House itself signifies the government’s increasing recognition of the importance of the digital asset industry. It moves crypto discussions from the periphery to the center of policy-making. Industry-Regulator Dialogue: Bringing together industry leaders and top regulators like the SEC and CFTC acting chairs creates a crucial platform for direct communication and collaboration. This dialogue is essential for crafting effective and balanced crypto regulation. Shaping Future Policy: The discussions and outcomes of this summit could directly influence future crypto policies and regulations in the United States. This makes it a pivotal moment for the industry to voice its concerns and contribute to shaping a favorable regulatory environment. Market Confidence: A productive summit that fosters understanding and collaboration could boost market confidence. Clarity in regulation is often seen as a positive catalyst for growth and innovation in the digital asset space. Global Implications: What happens in the US regulatory landscape often has ripple effects globally. The outcomes of this summit could influence how other countries approach crypto regulation, making it a globally significant event. In essence, the White House Crypto Summit is a critical juncture where the foundations for future crypto policy could be laid. It’s an opportunity to move beyond the often-adversarial narratives and towards a more collaborative approach to fostering innovation while addressing legitimate regulatory concerns. What Could Be on the Agenda? Decoding the Discussions on Crypto Regulation While the specific agenda remains under wraps, we can speculate on some key topics likely to be at the forefront of discussions at the White House Crypto Summit. Given the attendees and the current state of the crypto landscape, here are potential areas of focus concerning crypto regulation: Clarity on Regulatory Frameworks: The industry has long called for clearer regulatory guidelines. Expect discussions around defining which digital assets fall under securities laws (SEC jurisdiction) and which are commodities (CFTC jurisdiction). Clear definitions are crucial for businesses to operate compliantly. Consumer Protection: Protecting consumers from fraud and scams is a paramount concern for regulators. Discussions will likely revolve around measures to enhance consumer protection in the crypto space without stifling innovation. Innovation vs. Regulation Balance: Finding the right balance between fostering innovation in blockchain technology and implementing necessary regulations is a key challenge. The summit will likely explore ways to achieve this delicate equilibrium. KYC and AML Compliance: Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations are crucial for preventing illicit activities. Expect discussions on streamlining compliance processes and ensuring effective implementation across the crypto industry. Taxation of Digital Assets: Taxation remains a complex area in the crypto world. The summit could touch upon clarifying tax rules and ensuring fair and efficient taxation of digital asset transactions and holdings. Decentralized Finance (DeFi): DeFi presents unique regulatory challenges due to its decentralized nature. Discussions may explore approaches to regulating DeFi protocols and platforms while preserving their innovative aspects. Central Bank Digital Currencies (CBDCs): With many countries exploring CBDCs, the US approach is of global interest. The summit might touch upon the potential role of a US CBDC and its implications for the broader crypto ecosystem. These are just some of the potential topics. The summit is likely to be a dynamic and multifaceted discussion, reflecting the complexity and evolving nature of the digital asset space. The presence of both industry leaders and regulators ensures a robust exchange of ideas and perspectives. Actionable Insights: What Does This Mean for You? The White House Crypto Summit, while seemingly a high-level event, has implications for everyone involved in the crypto space, from investors to developers to everyday users. Here’s what you should be paying attention to and some actionable insights: Stay Informed: Keep an eye on news and updates coming out of the summit. Follow reputable crypto news sources and social media channels for real-time information. Understand Regulatory Developments: Pay close attention to any signals or announcements regarding future crypto regulation. This will help you anticipate potential changes in the market and adjust your strategies accordingly. Industry Advocacy: Support organizations and initiatives that advocate for sensible crypto regulation. Your voice, even as an individual, can contribute to shaping a positive regulatory environment. Prepare for Compliance: If you are involved in a crypto business, start preparing for potentially stricter regulatory compliance requirements. Strengthening your KYC/AML processes and staying updated on legal developments is crucial. Long-Term Perspective: Regulatory clarity, while it might bring short-term market fluctuations, is generally seen as positive for the long-term growth and stability of the crypto industry. Maintain a long-term perspective and focus on the fundamental value of blockchain technology and digital assets. The Road Ahead for Digital Assets and Blockchain Technology The White House Crypto Summit is more than just a meeting; it’s a landmark event that signals a new chapter in the relationship between the crypto industry and government regulators. The convergence of top industry leaders and key regulatory figures at this summit presents a unique opportunity to forge a path towards responsible innovation and balanced crypto regulation. The discussions held within the White House walls on March 7th could very well shape the trajectory of digital assets and blockchain technology for years to come. It’s a moment of potential, a chance to build bridges, and a step towards a more mature and regulated crypto ecosystem. To learn more about the latest crypto regulation trends, explore our article on key developments shaping crypto institutional adoption.
Uniswap price is gaining traction as it rebounds from the $6.7 level, sparking renewed optimism among traders. After a period of consolidation, bulls are strongly attempting to reclaim control, aiming for a breakout beyond key resistance levels. However, the road ahead is not without obstacles. A critical resistance zone looms, and whether UNI can push past it or face another pullback remains the big question. Market sentiment is shifting as buying pressure increases, but the presence of strong resistance could determine the next phase of price action. If UNI breaks through, it could open the doors for a sustained rally, while failure to do so might lead to another retest of lower levels. Price Targets: How High Can Uniswap Go? Uniswap’s recent recovery from $6.7 has sparked bullish optimism, but how far can the price climb if it successfully breaks through resistance? The first key target lies at $8.7, a crucial resistance level that has previously acted as support and rejection. A decisive move above this zone could pave the way for $10.3, a level that may determine whether UNI can sustain further upside. Related Reading: Uniswap Price Surges Past $10 — Bullish Pattern Suggests Further 30% Gain If buying momentum remains strong, the next major hurdle is around $12.3, a psychological barrier and a key resistance from past price action. Beyond this level, the rally is expected to extend, potentially opening the door for $15.7 and beyond. However, UNI’s ability to reach these targets depends on broader market conditions, trading volume, and bulls countering selling pressure. A rejection at resistance might lead to a retest of lower levels, making it crucial for traders to monitor price action closely. Lastly, the Relative Strength Index (RSI) formation indicates that UNI still has more room for upward movement, as the RSI line has risen above the 50% threshold. This suggests that buying momentum is increasing, signaling a possible continuation of the bullish trend. Support Zones To Watch If UNI Faces A Pullback Several key supports may prevent UNI’s struggles to maintain its bullish momentum against further decline. The first major support level is around $6.7, which recently acted as a strong demand zone. A bounce from this level could indicate that buyers are still in control, keeping the uptrend intact. Related Reading: Uniswap Aims For Recovery – Bulls Take A Stand At $12.3 Support Should selling pressure intensify, UNI might drop toward the $5.5 range, a key area where buyers have previously stepped in to defend against more drops. Furthermore, a breakdown below this zone might shift sentiment to bearish, exposing UNI to a potential drop toward $4.8, a level where the token may stabilize or extend its losses. Featured image from Adobe Stock, chart from Tradingview.com
Blockchain oracle Redstone faces community backlash and a Binance listing suspension following a controversial reduction in its RED token airdrop allocation. From 9.5% to 5%: Redstone’s Community Airdrop Allocation Slashed Redstone, a blockchain oracle providing data feeds for decentralized applications, has encountered significant turmoil after reducing its RED token community airdrop allocation, prompting Binance to
El Salvador appeared to contradict a recent agreement with the IMF to cease public investment in Bitcoin.