The Daily Hodl

A popular cryptocurrency analyst and trader is expressing near-term bearish sentiment for Binance Coin (BNB) and one Ethereum (ETH) competitor.

Starting with Binance Coin, the pseudonymous analyst Smart Contracter tells his 219,100 Twitter followers that the fifth-largest crypto asset by market cap could plummet by about 12% from current levels.

From the charts, it appears that the trader who applies the Elliott Wave Theory in his technical analysis is suggesting that Binance Coin has completed a five-wave bullish pattern and is poised to correct up to around $265, a level which coincides with the 61.8% Fibonacci level from the year-to-date high of $323.…

New court documents reveal that collapsed crypto exchange FTX owes money to a slew of marquee businesses, including Apple and Netflix.

FTX, which went bankrupt in November, allegedly owed billions of dollars to a number of prominent companies before it collapsed, the extent revealed in bankruptcy court filings.

Some of those companies include tech giant Apple, video streaming service Netflix, other crypto exchange platforms such as Binance and Bitstamp, financial services titan Charles Schwab and JPMorgan, and one of the world’s largest retailers, Amazon.…

Crypto giant Grayscale says the oral argument for its lawsuit against the U.S. Securities and Exchange Commission (SEC) will happen earlier than expected.

Grayscale filed the suit last year to contest the regulator’s rejection of its application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.

According to Grayscale chief legal officer Craig Salm, the firm expected the oral argument to start by the second quarter of 2023, but a new order from the District of Columbia Court of Appeals sets the schedule for March 7th.…

The Central Bank of the Netherlands (DNB) is hitting prominent crypto exchange platform Coinbase with a multimillion-dollar fine for failing to comply with its guidelines.

In a new press release, the bank says it’s levying a fine against the European branch of Coinbase for offering crypto-related products without first registering with the proper authorities.

“On 18 January 2023, De Nederlandsche Bank imposed an administrative fine of €3,325,000 on Coinbase Europe Limited.…

A popular crypto trader says Ethereum (ETH) rival Fantom (FTM) could double in price while updating his outlooks on Bitcoin (BTC) and two altcoins.

Pseudonymous trader Altcoin Sherpa tells his 189,900 Twitter followers that Fantom is finding bullish support at a key price level of around $0.44 and could soon shoot up by 100%.

“FTM: This chart looks great to be honest; if we see a one-week close above this level, it has a chance of doubling.…