Cryptocurrency investors have experienced ongoing downturns, now with a temporary shift. Google trends indicate increasing interest in Ethereum by new investors worldwide. Continue Reading: Crypto Markets Surge: Altcoin Bulls Are On the Move! The post Crypto Markets Surge: Altcoin Bulls Are On the Move! appeared first on COINTURK NEWS .
DeFi Development Corp. (Nasdaq: DFDV) announced the acquisition of 172,670 solana ( SOL) tokens at an average price of $136.81, totaling approximately $23.6 million, marking the company’s largest purchase of solana to date and its tenth acquisition under its digital asset treasury strategy. Following this transaction, DeFi Development Corp. now holds a total of 595,988
Billionaire entrepreneur Tim Draper has predicted that within the next decade, Bitcoin will overthrow the global economic dominance of the US dollar and become the main currency of the international economy. “It could take 10 years, maybe even a little bit less,” Draper said. Draper reiterated his long-held prediction that Bitcoin will reach $250,000 by the end of 2025, and that within a decade, “the value of Bitcoin will be infinite against the dollar because there will be no more dollars.” “If I can buy food, clothing, shelter, and pay my taxes with Bitcoin, and this system provides a better way to collect taxes, there is no point in holding dollars anymore. Bitcoin becomes the primary store of wealth,” he said. Draper argued that the global transition to Bitcoin would be a standard as trust in traditional banks declined. He noted that this loss of trust was particularly evident with the collapse of Silicon Valley Bank (SVB) in March 2023. Related News: Analysis Firm Warns: This Bitcoin Bull Run Is Very Different From Previous Ones The SVB collapse had a knock-on effect, with the subsequent closures of Signature Bank and Silvergate Bank before it. The Federal Deposit Insurance Corporation (FDIC) said these banks were affected by the “contagion effects” of the FTX collapse. However, many cryptocurrency companies argue that these closures were accelerated as part of a covert government operation called “Operation Chokepoint 2.0.” Tim Draper describes Bitcoin as “better technology” and “better software” and believes it will replace banks and government-backed money. Draper sees stablecoins as a bridge to Bitcoin, but he sees them as just as flawed as government-printed currencies. Although Draper stated that US President Donald Trump's global customs tariff policies are contrary to the understanding of free trade, he argues that these policies weakened the US dollar and accelerated the strengthening of Bitcoin. As of the beginning of 2025, the dollar index fell by 8% to 99.96, reaching its lowest level since April 2022. *This is not investment advice. Continue Reading: Billionaire Entrepreneur Tim Draper Reveals His Predictions for the Future of Bitcoin – “The Price of BTC in 2025…”
The CEO of fixed-income giant Pacific Investment Management Company (PIMCO) is expressing optimism on the future of the US and the dollar in the global financial system. PIMCO CEO Emmanuel Roman says in a new Bloomberg interview that he believes America will maintain its position as the world’s safe haven despite concerns about its eroding balance sheet and Trump’s trade war. According to Roman, the US owns the world’s reserve currency, and there’s no viable currency that could usurp the dollar. “And [the US] will remain as the place of safe haven… Well, think about it. The US dollar is the reserve currency, but it’s also the most liquid Treasury market in the world by an enormous factor. And yes, you can make a reasonable argument that the dollar is slightly expensive and you may want to diversify from the dollar to other currencies, but it doesn’t mean that the dollar loses its status. And I think it’s very important to keep that in mind. There’s no other reserve currency. There’s no other place to move trillions and trillions of dollars away from the dollar. And it is what it is.” The PIMCO CEO further says that “American Exceptionalism” also contributes to the popularity of the dollar and US Treasuries among global investors. American Exceptionalism refers to the idea that the US is superior to other nations in terms of values, political system and historical development. “The fact that the financial systems are very liquid and very well run. And that if you, for example, a Japanese investor, where there’s about $1 trillion of US debt held by Japanese institutions, it’s a good place to be. Even a hedge against the yen. And I think that’s really an important fact to remember in terms of the flow of funds and who needs to put money where.” 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 Will Remain a Safe Haven As Dollar Touts Most Liquid Treasury Market in the World by an ‘Enormous Factor,’ Says Bond Behemoth PIMCO appeared first on The Daily Hodl .
Scrutiny intensifies with NFT perks and loyalty teasers - yet there are some serious questions.
Avalanche’s native token rose in tandem with a surge in on-chain activity. AVAX has been able to sustain a 25% increase in the last week, as the network hit two new highs. Daily transactions reached nearly 11 million on May 11, 2025. Active addresses jumped to 950,000—the most since June 2023. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling Record Transaction High According to the Avalanche Foundation, the platform saw its single-day transaction count hit 10.8 million. That figure tops every previous high. It shows a burst of action across DeFi apps, gaming projects, and automated scripts. Some of those transactions come from bots, but many reflect real users swapping tokens or minting NFTs. Activity across the Avalanche network is surging, with milestones achieved on May 11th, 2025: 🔺 10.8M+ daily transactions — an all-time high 🔺 950K active addresses — highest since June 2023 🔺 Nearly 30M contracts deployed — and growing Momentum is building across the… pic.twitter.com/ZfN8PfoJqk — Avalanche Foundation 🔺 (@AvalancheFDN) May 12, 2025 Active User Growth Based on reports, nearly 950,000 addresses interacted with the network in one day. That is the strongest turnout in almost two years. Everyday people and developers both play a part. Nearly 30 million smart contracts have been deployed on Avalanche so far. Each new contract adds another tool or game for users. Price Moves And Market Trends AVAX broke above $24.55 resistance this week. That move linked up with a broader rally in top tokens, leaving AVAX about 110% higher over the past 14 days. Bitcoin raced past $105,000, and risk assets rallied after a US-China trade deal was signed in Switzerland. Stocks opened sharply higher, and crypto followed suit. Traders say looser trade tensions often lift coins. Avalanche is thriving going into Summit! Can’t wait to share what we and our partners have been working on. Even these numbers will look minuscule in time. https://t.co/5JK5cjNjNV — Emin Gün Sirer🔺⚔️ (@el33th4xor) May 12, 2025 Outlook For Avalanche Summit The network is heading into its Avalanche Summit in London with strong momentum. Ava Labs founder Emin Gün Sirer posted on X that milestones like these “will look minuscule in time.” He hinted that bigger announcements lie ahead. If new partnerships or protocol upgrades arrive at the summit, both usage and AVAX price could get another boost. The pullback in selling pressure has been in place since February. Now, buyers are stepping in again. That suggests confidence in Avalanche’s tech and its community. The token once hit an all-time high above $146 in November 2021. Since then, it has seen ups and downs, but the recent surge shows users and investors remain interested. Related Reading: Bitcoin’s $104,000 Peak Sparks High-Stakes Short Positions – Details Analysts at Nansen voiced a bullish view, too. Aurelie Barthere said she expects altcoins, equities, and even the US dollar to climb together. That outlook depends on continued positive news—both from markets and from Avalanche itself. For now, Avalanche stands among the top layer-1 blockchains in daily use. The numbers speak for themselves: 10.8 million transactions on a single day, nearly 1 million active addresses, and millions of contracts ready to go. Featured image from Gemini Imagen, chart from TradingView
The retail trading giant Robinhood is taking over a crypto firm touted by Shark Tank’s Mr. Wonderful, Kevin O’Leary. According to press releases from both firms , Robinhood is acquiring WonderFi, a Canadian crypto leader. The deal is expected to be closed by halfway through this year. WonderFi plans to continue operations on its products after the arrangement closes. Says WonderFi President and CEO Dean Skurka of the acquisition, “WonderFi and Robinhood are united in our visions of making crypto accessible and bringing more people into the crypto space. We’re delighted to be joining the Robinhood team and to super-charge our product offerings for customers.” According to the Robinhood announcement, the “all-cash purchase price” comes out to about C$250 million, or about $179 million. Said Johann Kerbrat, SVP and GM of Robinhood Crypto, of the deal, “WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada. We look forward to partnering with the WonderFi team to deliver innovative, user-centric crypto products to Canadian customers.” Earlier this year, the U.S. Securities and Exchange Commission (SEC) dropped its investigations into Robinhood for allegedly violating federal securities laws without pursuing further enforcement actions. 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 Robinhood Acquires Kevin O’Leary-Backed Crypto Firm WonderFi for $179,000,000 appeared first on The Daily Hodl .
Tracy Jin of MEXC points to several signs of a potential coming altcoin season, including falling Bitcoin dominance and Ethereum’s strong performance. After gaining momentum in late 2024, Bitcoin (BTC) dominance has taken a significant dip, suggesting a potential shift toward an altcoin season. On Tuesday, May 13, Bitcoin’s share of the total crypto market cap fell to 61.3%, down from the 65% it nearly reached last week. You might also like: Bitcoin dominance hits 4-year high as altcoins lose steam: Binance Report According to Tracy Jin, COO of MEXC, this is just one of several early indicators that an altcoin season may be approaching. At the same time, traders appear to be cycling out of stablecoins, while individual altcoins are seeing a surge in interest. “Bitcoin dominance just took a noticeable dip — from 65% down to 62% — while the altcoin market cap jumped $300 billion in a matter of weeks. That kind of shift doesn’t happen without reason. The usual early signals are flashing: declining USDT dominance, improving price structure on altcoin charts, and rising interest in sector leaders like Monero, Sui, and Bittensor,” Tracy Jin, MEXC Ethereum surges 10%, sees rising ETF inflows Ethereum (ETH) is also signaling growing altcoin interest. On May 13, it jumped 9.99% in a single day and is now up more than 50% in just one week, rising from $1,778 to $2,696. You might also like: Altcoins may never recover, while Bitcoin dominance got biggest since early 2021 “Ethereum’s performance is another signal pointing to the potential start of altseason. While large short positions among ETH traders and persistent bearish sentiment previously indicated a continuation of the downtrend, a surge in risk appetite has renewed interest in ETH and smaller altcoins,” Tracy Jin of MEXC While Jin acknowledges that we are still technically in “Bitcoin season,” she believes this may mark the beginning of a reversal. Notably, traders are now seeking higher returns, and many may view Bitcoin as overbought. For this reason, sectors like AI, privacy, and DeFi could emerge as the biggest gainers in the weeks ahead. Read more: Bitcoin price now depends on stablecoins more than retail demand, says MEXC COO
Imagine finding a digital treasure chest you misplaced over a decade ago, only to discover its contents have multiplied in value by over 230 times. That’s essentially what happened with a Bitcoin ( BTC ) address that recently sprung back to life after more than 11 years of inactivity. This isn’t just any old wallet; it holds a substantial amount of BTC , making its sudden activation a notable event in the crypto market . What Happened with This Long-Inactive Dormant Wallet? The buzz started when the blockchain tracking service, Whale Alert on X , flagged a significant transaction. An address that hadn’t shown any activity for exactly 11.1 years suddenly moved its entire balance of 300 BTC . While 300 BTC might not sound like the largest single transaction you hear about, the context is crucial: Original Dormancy: The wallet had been completely inactive for over a decade. Value Growth: The 300 BTC were worth a mere $134,144 back in 2014 when they were deposited or last moved from a previous address. Today, the value of those same coins exceeds $31 million. The ‘Whale’ Factor: Holding 300 BTC certainly qualifies this address owner as a ‘whale’ in the crypto space, individuals or entities holding large amounts of cryptocurrency. The sudden movement from such a long-term dormant wallet naturally piques interest and fuels speculation within the crypto market community. Why Does a Dormant Wallet Move Matter in the Crypto Market? Movements from old, dormant wallet addresses are often watched closely by market analysts and participants. Here’s why they are considered significant: Potential Selling Pressure: One of the primary concerns is that the owner might be preparing to sell their holdings. A large amount of BTC hitting exchanges could potentially add selling pressure, impacting the BTC price. Whale Behavior Insights: These moves can offer glimpses into the intentions of large holders. Are they accumulating, distributing, or simply rebalancing their portfolios? Confirmation of Access: For addresses dormant for many years, a transaction confirms that the owner still has access to their private keys. This might seem obvious, but in the world of crypto, lost keys are a common tragedy. Historical Context: Observing when and why long-term holders decide to move their coins can provide historical data points about market cycles and sentiment. The fact that Whale Alert specifically highlights these types of movements underscores their perceived importance in the overall market narrative. What Could This Specific Whale Alert Mean? While we can’t know the exact reasons behind this specific dormant wallet move, several possibilities are commonly discussed when such events occur: Selling: The most straightforward reason is that the owner intends to sell some or all of the 300 BTC to realize the massive profit accumulated over 11 years. Rebalancing/Consolidation: The owner might be moving the coins to a new wallet for better security, to consolidate funds from multiple addresses, or to transfer them to an exchange wallet for potential future trading (not necessarily immediate selling). Estate/Inheritance: It’s possible the original owner passed away, and their heirs have finally gained access to the wallet after a long process. Lost Keys Found: Though less likely for such a significant amount held for so long, it’s conceivable the owner finally recovered access to their private keys after years of searching. Strategic Move: The owner might be moving the coins as part of a larger strategic financial or investment plan unrelated to immediate market sentiment. Without further information, any interpretation remains speculative. However, the timing of the move within the current crypto market conditions (near all-time highs) is particularly interesting. Tracking Whale Movements: Actionable Insights For regular participants in the crypto market , tracking whale alert notifications and large movements from dormant wallet addresses can offer some insights, but it’s crucial not to overreact. Here are some actionable points: Stay Informed: Follow reliable sources like Whale Alert to be aware of significant on-chain movements. Context is Key: A single whale move, even of $31 million, doesn’t necessarily dictate the entire market direction. Consider it alongside other factors like macroeconomic news, regulatory developments, and overall market sentiment. Look for Patterns: Are multiple old wallets becoming active simultaneously? That might signal a broader trend among long-term holders. Don’t Panic Sell: Reacting impulsively to a single whale transaction can be detrimental. Have an investment strategy and stick to it. Understand Liquidity: The market’s liquidity determines how easily large amounts can be absorbed. The BTC market today is vastly more liquid than it was 11 years ago, meaning 300 BTC is less likely to cause a drastic price swing than it would have in 2014. The awakening of this dormant wallet serves as a reminder that the early days of Bitcoin created fortunes that are still held and occasionally moved by original participants. The Incredible Value Appreciation of Bitcoin This particular whale alert also powerfully illustrates the incredible growth of Bitcoin over the past decade. Let’s look at the numbers: Metric Value in 2014 (approx.) Value Today (approx.) 300 BTC Value $134,144 $31,000,000+ Time Period – 11.1 Years Growth Factor – ~231x This level of appreciation highlights the potential, albeit high-risk, nature of early investments in disruptive technologies like Bitcoin . It’s a story of patience and holding through significant volatility. Challenges in Interpreting Dormant Wallet Moves While we analyze these movements, it’s important to acknowledge the challenges: Anonymity: Bitcoin addresses are pseudonymous. We know *an* address moved coins, but not *who* owns it unless they publicly reveal themselves or the coins move to a known entity (like an exchange with KYC). Multi-Sig Wallets: Some large holdings are in multi-signature wallets, requiring multiple keys to move funds, adding complexity. Off-Chain Deals: Sometimes large holders arrange off-chain deals, meaning the coins are moved directly between wallets without hitting public exchanges, making their intent harder to gauge. Therefore, while a whale alert is a data point, it’s not the full picture of the crypto market dynamics. Conclusion: A Glimpse into Bitcoin’s History and Future The reactivation and movement of 300 BTC from an 11-year-old dormant wallet is more than just a transaction; it’s a fascinating story within the larger narrative of Bitcoin ‘s journey. It highlights the incredible wealth generated for early adopters and provides a moment for the crypto market to pause and consider the potential implications of large, long-held stashes finally coming back into circulation. While the exact reasons for the move remain unknown, it serves as a powerful example of the long-term holding strategy’s potential rewards and the constant watchfulness required when tracking significant on-chain activity. To learn more about the latest Bitcoin and crypto market trends, explore our articles on key developments shaping Bitcoin and the crypto market price action and institutional adoption.