US banking titan Goldman Sachs is reportedly highlighting its bullishness on one under-the-radar artificial intelligence (AI) stock that’s up over 68% since March. Goldman has put Taiwan Semiconductor Manufacturing Company Limited (TWSC:2330) on its “Conviction Buy” list after already being on its buy list, Insider Monkey reports . TSMC is Taiwan’s largest company, and shares of TSMC are often considered a “pure play” on semiconductors as the firm manufactures chips for some of the world’s biggest tech firms, including Apple, Nvidia and Qualcomm. Goldman says it is raising its price target on TSMC based on cooling concerns about large AI-chip order cuts and increasing demand for the company’s CoWoS (Chip on Wafer on Substrate with silicon interposer) tech designed to power ultra-high-performance computing for AI and other applications. The bank also believes that more smartphone, server and networking customers of TSMC will start adopting CoWoS tech. Goldman is projecting the company’s dollar revenue to grow by 29% this year and 17% in 2026. The firm has upped its price target for TSM to NT$1,210 from NT$1,145. At time of writing, TSMC is trading at NT$1,080. Reaching Goldman’s price target suggests a 12% rally from current prices. 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. Featured Image: Shutterstock/Ormalternative/Andy Chipus The post Banking Giant Goldman Sachs Adds One Asset to ‘Conviction Buy’ List After Raising Price Target: Report appeared first on The Daily Hodl .
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. With DeFi’s rapid shifts in market sentiment and volatility, protocols are constantly seeking ways to demonstrate real value accrual to incentivise meaningful participation and build community trust. Token buybacks have emerged as a viable yet polarising strategy: Similar to traditional finance’s stock buybacks, they involve the repurchasing of tokens from the open market, which in turn reduces supply and potentially drives the token value higher. Critics argue that such moves can artificially inflate prices or divert resources from more productive protocol pursuits. You might also like: The multichain future of global finance is inevitable | Opinion Writing off token buybacks based on these concerns would be premature. Token buybacks that factor in strategic timing, sustainable protocol revenue, and tangible utility are capable of addressing the aforementioned criticisms, delivering long-term value, and becoming a proof-of-resilience in decentralised finance. Such buybacks make a sound strategy when the supply reduction is paired with a deliberate improvement in fundamentals, such as token utility, network effects, and ecosystem growth. Revenue-based buybacks also serve as reliable signals of financial health, as they are funded by actual protocol earnings rather than prior token sales or liquidity mining leftovers. Moreover, buybacks provide sustainable value when they are designed to complement governance incentives, with on-chain execution ensuring transparency. A booster for undervalued tokens Buybacks pose as catalysts for undervalued tokens through a reduction in their circulating supply. In theory, such scarcity generates upward price pressure that can stabilise or enhance token value. In practice, this only holds true if the token has strong fundamentals and real demand. For buybacks to be effective, the token at hand must have actual product-market fit. In addition to healthy token demand, protocols should actively integrate their buyback programme with strategies that increase token utility, foster ecosystem growth, and amplify network effects. Aave’s ( AAVE ) $4 million buyback programme exemplifies this holistic approach. Its first phase rolled out in April 2025 following Aave DAO’s approval with over 99% consensus, reflecting high community alignment and belief in the AAVE token’s underlying utility. The buyback was also part of Aave’s comprehensive tokenomics overhaul, directly distributing repurchased tokens to stakers and encouraging governance participation. The AAVE token price rose by 14% shortly after implementation, demonstrating how a buyback programme that meets genuine user needs can create demand touchpoints and ecosystem expansion. A signal of financial health Buybacks serve as powerful indicators of a protocol’s revenue and profitability, showing that the protocol is generating value and is confident enough in its near-future prospects to return it to holders. The key is to distinguish legitimate programmes from deceptive practices by examining the financial sources that fund the token repurchases. Revenue-based buybacks draw on a protocol’s actual revenue streams to acquire tokens from the open market, establishing a direct link between the token value and the protocol’s actual performance. These instances typically signal that the protocol is not only surviving but actively thriving, with robust liquidity and a sustainable financial runway. In contrast, buybacks funded by treasury reserves or unused liquidity mining reserves pose as elusive performance indicators. Such mechanisms simply recycle previously distributed tokens back into the markets. This becomes especially problematic for protocols with high-emission models, where they mask ongoing dilution as value-accruing activity. A delivery of long-term value Buybacks also bolster investor confidence by delivering long-term value to token holders and protocol supporters. Unlike their TradFi counterpart, which primarily benefits institutional shareholders, token buybacks are frequently incorporated into protocol governance and community incentive programmes. A noteworthy example of the token buybacks’ communal element is Jupiter ( JUP ) DEX’s buyback programme . Launched in February 2025, the protocol allocates 50% of its operational revenue to repurchase JUP tokens. As governance tokens, the reduced circulating supply creates a direct feedback loop where protocol success translates to enhanced community governance influence among long-term holders. Many token buybacks are also executed on-chain, allowing anyone to verify the protocol’s commitment to its buyback goals. Such visibility builds trust, holds the team accountable, and strengthens the protocol’s reputation for resilience. Paving the way for strategic value and long-term impact Critics regard buybacks as a short-sighted, misleading tactic that glosses over a protocol’s fundamental issues. Whilst valid, such instances should be attributed to poor planning rather than the strategy itself. Successful buybacks are often attributed to straightforward yet overlooked principles. They should be strategically timed to capitalise on market changes, funded by actual revenue, and designed to encourage engagement with protocol governance. Protocols should also be able to share a comprehensive buyback rationale with their communities, explaining how it contributes to their long-term roadmap and value accrual. What’s next? Token buybacks remain an impactful strategy for value accrual, provided that they are conducted with strategic planning and the protocol’s vision in mind. Protocols considering a buyback should evaluate whether they offer the best return on investment among all possible growth strategies, how they contribute to the long-term roadmap, and how to maintain transparency in their processes for the community. On the token holder’s end, due diligence is essential before participating in a buyback program. Key considerations include how the funds are allocated, how committed the developers are to protocol growth, and why the buyback was even implemented in the first place. Such a thorough assessment will help to avoid scams where liquidity is artificially inflated without proper roadmaps or use cases for the protocol. When executed with purpose and a clear direction, token buybacks make effective catalysts that benefit both protocols and their communities, shining as the ultimate proof-of-resilience in DeFi. Read more: DeFi at a crossroads: The SEC’s new stance could change everything | Opinion Author: Danny Chong Danny Chong is the co-founder of Tranchess, a DeFi protocol offering multi-chain yield-enhancing solutions. With over 17 years of experience in investment banking at Société Générale and BNP Paribas, he brings extensive leadership experience in trading, sales, and management in the Asia-Pacific region. Danny is also the co-chairman of the Digital Assets Association in Singapore, a non-profit association at the forefront of integrating blockchain technology into the fabric of traditional finance.
On June 29th, the Bank for International Settlements (BIS) addressed recent remarks made by former President Donald Trump regarding the Federal Reserve’s interest rate policies. The BIS emphasized that such
The restraining order does not affect Ripple’s future corporate sales. Legal confusion surrounded the impact on Ripple’s institutional transactions. Continue Reading: SEC’s Decision Liberates Ripple’s Future Corporate Sales The post SEC’s Decision Liberates Ripple’s Future Corporate Sales appeared first on COINTURK NEWS .
Ethereum’s daily chart is showing signs of strength, with price action consolidating above the support level and momentum indicators holding steady. The structure suggests that ETH is building a solid foundation for its next move . Break Above Resistance Could Trigger Fresh Rally ARZTrader published an update on X, outlining that the Ethereum price is holding above the key support zone at $2,415. This level is acting as a solid foundation as the price consolidates below the 21 Exponential Moving Average (EMA). ARZTrader is watching closely for a daily close above the 21 EMA and the 2 Fair Value Gap (FVG) zones, signaling strong demand. If ETH confirms this clean break , ARZTrader expects a bounce toward the $2,740 to $2,900 range. With momentum building and technicals aligning, this could mark the beginning of Ethereum’s next leg up. According to Whitewalker, Ethereum’s setup is bullish with a clean structure, and dips remain solid till the blue zone of $2,300 to $2,345, a support area that has consistently held. The next take-profit (TP) zone is between $2,914 and $3,014. If it breaks above that resistance range, Whitewalker expects momentum to carry ETH toward a larger target zone of $3,900 to $4,100. Currently, ETH is trading and stuck at the 50 and 200 EMAs resistance. However, if the Golden Cross is confirmed, ETH could move sharply to the upside . Ethereum is approaching a critical moment on the daily chart as price action tightens near the apex of a massive megaphone wedge formation. ETH is pressing against key EMAs around the $2,500 level. TWJ News mentioned that a breakout above this wedge could ignite a rally, with upside targets ranging between $3,000 and $4,000. However, a drop below $2,360 would invalidate the bullish momentum, while volatility is likely to surge ahead . Range Still In Play — Breakout Levels Clearly Defined Technical expert and trader, Daan Crypto Trades, revealed that Ethereum has moved back into the $2,313 and $2,736 after a flush to the downside that cleared out liquidity and stop losses placed below the range, as observed in the 4-hour chart. Daan Crypto Trades points to $2,500 as the level where the majority of volume has been traded and also marks the mid-range of the structure. As long as the price hovers around this area, the market remains balanced. A break above $2,500 could open the door for ETH to retest the $2,700 to $2,800 zone, which has been a resistance for too long.
Can Bitcoin pierce the $111K resistance and trigger a massive short squeeze?
Key takeaways: Our Algorand price prediction indicates a high of $0.3313 in 2025. In 2026, it will range between $0.5404 and $0.6531, with an average price of $0.5558. In 2030, it will range between $2.21 and $2.73, with an average price of $2.29. Algorand’s capabilities make it an interesting prospect for investors and developers interested in smart contracts and blockchain interoperability. A 2019 video featured Gary Gensler, former Securities and Exchange Commission chair, referring to Algorand as a great technology and using it as an example when discussing the decentralization of cryptocurrencies. Will ALGO go up? Can it reach $10? Where will ALGO be in 5 years? We explore these and more in our Cryptopolitan price prediction. Overview Cryptocurrency Algorand Symbol ALGO Current Algorand price $0.1797 Market cap $1.55B Trading volume $30.16M Circulating supply 8.63B All-time high $3.28 on Jun 21, 2019 All-time low $0.08761 on Sep 11, 2023 24-hour high $0.1797 24-hour low $0.1732 Algorand price prediction: Technical analysis Metric Value Volatility (30-day variation) 7.31% 50-day SMA $0.2042 200-day SMA $0.1909 Sentiment Bearish Green days 12/30 (40%) Fear and Greed Index 65 (Greed) Algorand price analysis On June 29, ALGO’s price dropped by 16.26% in the last 30 days and rose 1.90% in the last 24 hours. Its trading volume dropped by 21.42% in 24 hours to $142M, signaling falling interest from traders. Algorand’s total value locked (TVL), the number of funds locked up in its ecosystem’s decentralized applications, has stagnated at $60M. Algorand 1-day chart analysis ALGO/USD 1-day chart. Image source: TradingView ALGO completed the last cycle of a head-shoulder pattern, which saw it drop below $0.20. The William Alligator indicator is sleeping, signaling falling volatility. The relative strength index is at 47.96 in neutral territory. It is considered oversold when the value falls below 30. The MACD histogram shows that it is registering positive momentum. Algorand 4-hour chart ALGO/USD 4-hour chart. Image source: TradingView The 4-hour chart shows that ALGO is recovering. The coin’s volatility is also beginning to rise in this timeframe. It registered positive momentum over the last 20 hours. Algorand technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.1725 BUY SMA 5 0.1819 SELL SMA 10 0.1728 BUY SMA 21 0.1804 SELL SMA 50 0.2042 SELL SMA 100 0.2020 SELL SMA 200 0.1909 SELL Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.1838 SELL EMA 5 0.1900 SELL EMA 10 0.1930 SELL EMA 21 0.1941 SELL EMA 50 0.2128 SELL EMA 100 0.2410 SELL EMA 200 0.2454 SELL What to expect from the Algorand price analysis next? Per our technical indicators, ALGO is bearish, with the fear and greed index showing a greed sentiment among investors. Data analysis shows that activity on decentralized finance applications has stagnated, with the charts showing that it is recovering. Recent news: Algorand Foundation- TVL is not correlated with price performance Algorand researchers are attempting to answer the question of whether TVL could predict the performance of a crypto, and after analyzing over 300 cryptocurrencies from 2023 to 2024, they did not find any outperformance, regardless of how the data was adjusted for known issues. The study will be published on June 10. Why is ALGO down? ALGO is dropping from previous highs set in the last quarter of 2024, The drop could be attributed to the crypto market’s correction, which saw Bitcoin drop below $99,000. Will ALGO reach $1? Per our Algorand price forecast, ALGO will break above $1 in the period ending in 2028. Can Algorand reach $10? Per our Cryptopolitan price prediction, it remains highly unlikely for ALGO to break above $10 in the period ending in 2031. Can Algorand reach $20? Per our Cryptopolitan price prediction, it remains highly unlikely for ALGO to break above $20 in the period ending in 2031. Can ALGO reach 100 dollars? At $100, Algorand’s market capitalization has to rise above $700 billion from the current $1.2 billion. In comparison, Ethereum’s market capitalization is at $400 billion. Per our price prediction, Algorand is highly unlikely to reach $100. Is there a future for Algorand? Like most mega-altcoins, Algorand is trading at its lowest level this year. A break below 30 RSI will be crucial to sending it to previous highs. Looking ahead, ALGO will register new all-time highs in the coming years. What will Algorand be worth in 2025? For the last month of 2025, ALGO’s price will range between $0.2960 and $0.3313. The average price for the period will be $0.2500. Is ALGO a good investment? Analysis by Intotheblock shows that 97% of holders are at a loss at the current price. The figure will likely drop lower in the short term. However, as our Cryptopolitan price prediction shows, this will change over the long term. ALGO price prediction June 2025 The Algorand network price forecast for June is a maximum price of $0.2350 and a minimum price of $0.1760. The average price for the month will be $0.1970. Month Potential low ($) Potential average ($) Potential high ($) June 0.1760 0.1970 0.2350 Algorand price prediction 2025 For the last month of 2025, ALGO’s price will range between $0.1660 and $0.3313. The average price for the period will be $0.2500. Year Potential low ($) Potential average ($) Potential high ($) 2025 0.17 0.25 0.33 Algorand price prediction 2026 – 2031 Year Potential low ($) Potential average ($) Potential high ($) 2026 0.23 0.24 0.27 2027 0.31 0.32 0.39 2028 0.46 0.48 0.54 2029 0.70 0.72 0.80 2030 1.04 1.07 1.23 2031 1.47 1.52 1.80 Algorand price prediction 2026 The year 2026 will experience more bullish momentum. Our Algorand price prediction estimates it will range between $0.2304 and $0.2731, with an average price of $0.2418. Algorand price prediction 2027 Algorand prediction climbs even higher into 2027. According to the prediction, ALGO’s price will range between $0.3058 and $0.3918, with an average price of $0.3176. Algorand price prediction 2028 Our analysis indicates a further acceleration in ALGO’s price. It will trade between $0.4623 and $0.5385, with an average trading price of $0.4750. Algorand price prediction 2029 According to the ALGO price prediction for 2029, the price of ALGO will range from $0.7007 to $0.7958, with an average price of $0.7245. ALGO price prediction 2030 The ALGO price prediction for 2030 indicates the price will range between $1.04 and $1.23. The average price of ALGO will be $1.07. Algorand ALGO price prediction 2031 The ALGO price forecast for 2031 is a high of $1.80. It will reach a minimum price of $1.47 and average at $1.52. Algorand price prediction 2025 – 2031 Algorand market price prediction: Analysts’ ALGO price forecast Platform 2025 2026 2027 Digitalcoinprice $0.60 $0.76 $1.04 Coincodex $0.32 $0.42 $0.32 Gate.io $0.20 $0.21 $0.25 Cryptopolitan’s Algorand price prediction Our predictions show that ALGO will achieve a high of $0.33 in 2025. In 2027, it will range between $0.31 and $0.39, with an average of $0.32. In 2030, it will range between $1.04 and $1.23, with an average price of $1.07. Note that the predictions are not investment advice. Seek independent professional consultation or do your research. Algorand historic price sentiment ALGO price history. Source: CoinStats Algorand held its token sale in June 2019 at $2.40 each. Union Square Ventures, Lemniscap, and NGC Ventures, among others, held earlier funding rounds. The public sale raised $60.40 million while funding rounds raised $66 million. Token sale participants who held their tokens since launch are down 90%. Binance listed ALGO on 21 June 2019. According to CoinMarketCap data, it pumped after the listing to reach its all-time high (ATH) at $3.28. ALGO later crashed; four months later, it was down 90% from its ATH. In July 2021, Coinbase listed ALGO. As a result, it gradually recovered and peaked at $0.64 in August. In retrospect, 2021 was the golden year for the crypto market. The emergence of NFTs, DeFi growth, and institutional interest drove growth. So, in 2021, it rose from a low of $0.32 in January to $2.30 in October, a 200% gain. Nothing prepared crypto enthusiasts for the 2023 crypto winter, which worsened with the FTX crash. The year closed with ALGO trading at $0.23. The decline continued through 2023, registering an all-time low at $0.0876 in September. The market’s recovery began in October. By the end of the year, it had risen above $0.2. It began recovering in November from a low of $0.12, rising as high as $0.61 in December. It then corrected into 2025 below the $0.40 mark in January, $0.35 in February, $0.21 in March, and $0.20 in May and June.
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Iran has turned to cryptocurrency mining and trading since 2019, as its local currency has been devalued due to years of harsh international sanctions and high inflation. But experts say it is still nearly impossible to give an accurate estimate of how much Bitcoin (BTC) the country has mined. According to data from the University of Cambridge’s Centre for Alternative Finance in March 2021, Iran accounted for 7.5% of the global Bitcoin mining hashrate. This fell to just 0.12% in January 2022. Andrew Scott Easton, CEO of Bitcoin mining investment firm Masterminded, estimates that Iran has historically mined around 60,000 BTC. That’s roughly $6.4 billion at current prices. Sazmining CEO Kent Halliburton, on the other hand, says Iran may have mined between 100,000 and 200,000 BTC since 2018, and that the amount could range from $10.7 billion to $21.4 billion. The fact that Iran began granting legal permits for crypto mining in 2019 increases the importance of this period. But forecasts are complicated because much of Iran’s mining has moved underground to escape high electricity tariffs, said Rajat Ahlawat of regulatory firm Crystal Intelligence. According to the National Council of Resistance of Iran, around 1,000 legal crypto mining farm licenses were issued in 2020, while this number exceeded 10,000 in 2022. However, according to former President Hassan Rouhani, 85% of mining was unlicensed as of 2021. According to data from state electricity company Tavanir, around 700,000 illegal mining devices operate in the country. Ahlawat said licensed miners are unable to make significant profits due to high electricity tariffs, so many people are mining illegally in homes, mosques and schools – places with low-cost or free electricity. It is also thought that some organisations affiliated with the Iranian government are also mining in this way. Related News: What's Next for Chainlink (LINK)? Analysis Firm Shares Must-Have Protection and Target Levels Illegal mining operations put a serious strain on the country’s power grid, occasionally causing power outages across the country. Tavanir has launched a crackdown by offering rewards to those who report these activities. In 2022, 9,404 illegal mining devices were seized in Tehran alone in six months. Bitcoin’s hashrate dropped by 27.9% on Sunday after the US bombed Iran’s Fordow nuclear facility, which it built deep in the mountains. The drop fueled speculation on social media that Iran was mining Bitcoin in the mountains. However, some mining firms, such as Blocksbridge Consulting, have disputed this theory, stating that short-term hashrate fluctuations can be misleading. Ahlawat said there was no definitive evidence of mining taking place there, although he noted that nuclear facilities like Fordow have adequate electrical infrastructure. But if there were, he said, such an operation would be carried out by the Iranian government or its affiliates. The Iranian Revolutionary Guard Corps (IRGC) stands out as the country’s largest mining force. According to Easton, the IRGC may be the largest Bitcoin miner in Iran. However, the government’s history of hiding its mining activities makes it difficult to obtain accurate data in this area. As a result, it is not clear how much Bitcoin Iran has made to date. This is mainly because about 85% of mining activities have gone underground, and the government does not report these activities transparently. However, for many Iranians, crypto mining is one of the few ways they can make a living amid high inflation. *This is not investment advice. Continue Reading: Why Did Bitcoin Hashrate Plummet After the U.S. Attacked Iran’s Nuclear Facility? Was Iran Mining Bitcoin? Here Are Estimates of Its Bitcoin Holdings
A wave of London-listed companies is jumping on the Bitcoin bandwagon, aiming to boost share prices and mirror the success of Michael Saylor’s Strategy. Key Takeaways: At least nine UK-listed firms have announced Bitcoin treasury plans in the past week. Companies like Tao Alpha, Smarter Web Company, and Panther Metals saw share prices soar after Bitcoin buys. The trend comes as the UK eyes a crypto hub future. Over the past week, at least nine UK firms, from web design startups to mining businesses, have announced plans to buy Bitcoin or revealed recent purchases to add the cryptocurrency to their corporate treasuries. These companies are following in the footsteps of Japan’s Metaplanet and Germany’s Bitcoin Group, both of which adopted treasury strategies inspired by Saylor’s billion-dollar Bitcoin bet. Since Saylor’s move in 2020, his company’s valuation has surged nearly 400% to over $100 billion. Tao Alpha Eyes £100M Raise for Bitcoin Treasury Plan Among the UK firms, AI services provider Tao Alpha disclosed plans to raise £100 million after revealing a bitcoin treasury plan that triggered investor interest. Smarter Web Company, a small website design firm, saw its market value rocket from £4 million to over £1 billion in just two months after announcing its Bitcoin purchases in April, although shares have since cooled. Natural resources company Panther Metals confirmed this week it bought a single Bitcoin, executing on a strategy it unveiled earlier in June. Its shares are up 81% this month, mirroring bitcoin’s 74% rise over the past year. Panther CEO Darren Hazelwood said the firm aims to build up £4 million worth of bitcoin holdings “as rapidly as we can.” Bluebird Mining Ventures’ shares have soared nearly 400% since announcing plans to buy bitcoin. Founder Aidan Bishop said the strategy had revived the struggling company, which posted a $898,000 loss last year. The firm has already raised £2 million in debt to fund Bitcoin purchases and is looking for another £10 million. JUST IN: Bluebird Mining, a gold miner, increased their goals and now aims to raise a minimum of £10 million ($13.7 million) to start their "digital" gold strategy and buy #bitcoin Yesterday, they announced a £2 million funding facility but they received unprecedented… pic.twitter.com/s7G9qkwTIa — NLNico (@btcNLNico) June 26, 2025 Meanwhile, Vinanz, originally focused on Bitcoin mining, has increased its Bitcoin holdings to $3.85 million through ongoing equity and debt funding. CEO Hewie Rattray emphasized the growing investor appetite, saying the company offers “listed, regulated access to Bitcoin.” Vinanz plans to rebrand as the London BTC Company. UK Aims to Become a Global Crypto Hub The flurry of Bitcoin adoption comes as the UK reaffirms its ambitions to become a global crypto hub. The Financial Conduct Authority recently signaled a softening stance, proposing to ease restrictions on certain crypto-linked retail investment products after years of a tough regulatory approach. As reported, the UK will require crypto firms to collect and report detailed customer information on every trade and transfer starting January 1, 2026, as part of a sweeping effort to strengthen tax compliance and oversight in the digital asset sector. According to a recent statement from HM Revenue and Customs (HMRC), the new rules will mandate that platforms record full names, home addresses, and tax identification numbers for all users. Each transaction must also be logged with specifics such as the cryptocurrency used and the amount transferred. The post Nine UK-Listed Companies Embrace Bitcoin Treasury Strategy Amid Global Trend appeared first on Cryptonews .