Morgan Stanley is gearing up to offer direct crypto trading on E*Trade, signaling a seismic shift as Wall Street embraces bitcoin amid a more favorable regulatory environment in the United States. Morgan Stanley Plans E*Trade Crypto Launch Global investment bank Morgan Stanley is preparing to introduce cryptocurrency trading to its E*Trade platform, Bloomberg reported on
Bitcoin experiences a pivotal moment as long-term holders retreat, indicating potential breakout opportunities amidst key resistance levels. The recent cooldown in long-term holder activity may signal a fresh accumulation cycle,
Freight Technologies makes waves with a $20 million investment in TRUMP tokens, driven by concerns over potential tariffs affecting US-Mexico trade. The company cites a unique perspective on the intersection
Cyber attack on KiloEx resulted in the theft of $7.5 million. Swft action recovered $6.1 million with Binance's assistance. Continue Reading: Binance Takes Swift Action to Recover $6.1 Million After Cyber Heist The post Binance Takes Swift Action to Recover $6.1 Million After Cyber Heist appeared first on COINTURK NEWS .
Market actually seeing respective potential for recovery, but volume is not there
Long-term holders retreat as Bitcoin approaches key resistance, hinting at breakout potential.
President Donald Trump’s Truth+ video streaming app is considering releasing a utility token. Devin Nunes, the chief executive and chairman of the Trump Media & Technology Group (TMTG), says in a new shareholder letter that the firm is exploring a token and a “Truth digital wallet.” Nunes, a former member of Congress, says the token could be used to pay for Truth+ subscription costs and “later be applied to other products and services in the Truth ecosphere.” Trump’s controversial Solana ( SOL )-based memecoin, TRUMP , ticked down after the news. The 48th-ranked crypto asset by market cap is trading at $12.70 at time of writing and is down more than 7% in the past 24 hours. In January, TMTG announced a partnership with financial services giant Charles Schwab to launch Truth.Fi, a fintech firm with crypto services. As a means of diversifying the firm’s reserves, TMTG’s board has approved an investment of $250 million to be custodied by Charles Schwab, which could go toward investment vehicles, exchange-traded funds (ETFs), separately managed accounts (SMAs), as well as Bitcoin ( BTC ) and other digital assets. In the recent shareholder letter, Nunes says the first two Truth.Fi products will be slates of customized SMAs and ETFs. “Both products will have an America-First theme, focusing on a diverse set of companies across multiple industries, with the ETFs offering both cryptocurrencies and traditional equities. To launch our financial products, Trump Media partnered with top-quality companies that have great synergy with our business and vision. We’ve joined with Index Technologies Group and Yorkville America Equities to develop the SMAs, and with Crypto.com and Yorkville America Digital to develop the ETFs. Trump Media is planning to invest, alongside you, in these products via its own cash reserves.” Trump’s ventures in the crypto world have generated significant public criticism: Ethereum ( ETH ) founder Vitalik Buterin said earlier this year that political coins represented “vehicles for unlimited political bribery.” In a February letter to the U.S. Department of Justice (DOJ) and the Office of Government Ethics, officials at the nonprofit consumer advocacy organization Public Citizen argued that Trump’s memecoin could be in violation of federal law regulating gifts to government officials. 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 President Trump’s Truth+ Considering Releasing New ‘Utility Token’ and Crypto Wallet for Its Ecosystem appeared first on The Daily Hodl .
Polygon’s price action over the past week has been characterized by a moderate pullback following what initially appeared to be a decisive breakout above the $0.20 level. This dip, rather than signaling weakness, may in fact represent a healthy retracement as the cryptocurrency prepares for a new upward move. The price structure appears bullish on higher timeframes, especially after POL recently rebounded off the lower boundary of a long-term descending channel. According to a crypto analyst, Polygon could be on the verge of an explosive rally toward the $1 mark. Classic Bullish Divergence Points To Imminent Breakout According to technical analyst MasterAnanda on TradingView, the Polygon ecosystem token (POLUSDT) is currently flashing one of the strongest technical reversal signals in the form of a textbook bullish divergence on the 3-day chart. Price action hit a new low on April 7, 2025, but the Relative Strength Index (RSI) had already bottomed earlier in July 2024 and has since been forming higher lows. Related Reading: Polygon (MATIC) To Come back From The Dead As Ascending Triangle Appears As noted by the analyst, this mismatch between the price and the momentum indicator is a classic signal that the downtrend may be losing steam. The signal is reinforced by the recent increase in volume and the broader bullish recovery observed across the cryptocurrency market. Zooming in on the 3-day chart structure, POLUSDT experienced a notable rebound after reaching its low on April 7. The price climbed steadily to $0.267 by April 22 before encountering resistance. What followed were two successive bearish candlesticks that appeared to trace a measured pullback, likely a retest of the upper boundary of the descending channel. This movement is significant because retests of this nature often precede major breakouts. Keeping this in mind, the analyst predicted a successful bounce from the trendline support, which could start a sustained rally toward $1. Polygon To $1: Window Of Opportunity Narrowing Analyst MasterAnanda noted that the current price action is merely a calm before a massive move. “The market is giving us one last chance to buy all we want before massive growth,” the analyst said, implying that a strong impulsive wave could be next. The RSI is currently in the mid-40s, and if the bullish setup plays out, a swift move to the 70+ zone could occur. Related Reading: Polygon Price Risks Plunge With 90 Million MATIC Tokens Selling At $0.5 In terms of a price target, the analyst predicted a full recovery above $1 with a specific target of $1.15. This would mark a full recovery for POL holders who have been holding throughout the downturn in 2025. This level corresponds to the 1.618 level on the Fib extension projected from the April 7 low. The Fibonacci extension levels plotted on the chart show other smaller price targets on the way to $1.15. Most notable are the $0.461 and $0.534 regions, representing the 0.5 and 0.618 extension levels, respectively, which could serve as interim consolidation zones. At the time of writing, Polygon is trading at $0.2420. Featured image from Adobe Stock, chart from Tradingview.com
The new entity will raise up to $250 million in capital with the sole purpose of accumulating bitcoin. Metaplanet Launches U.S. Operations With New Subsidiary Metaplanet, the Japanese bitcoin treasury firm that pivoted away from hotel development last year, has entered the U.S. market and set up a new wholly-owned subsidiary in Miami, Florida, according
Users are hoarding NSFW models and looking for a new home after Civitai turned its back on them to allegedly appease Visa.