hodler

8 May 2026, 19:16

BlackRock and Fidelity Selling Ethereum on Coinbase Prime

On May 8, BlackRock and Fidelity reportedly transferred large amounts of Ethereum tokens on Coinbase Prime in order to sell. The transfer comes a day after major outflows in Spot ETH ETFs after a long streak, which shows that institutional interest is slowly fading away. Recently, BitMine’s Tom Lee has also revealed that the company is planning to reduce the speed of ETH accumulation as it nears 5% supply mark. According to on-chain data, popular financial institutions like BlackRock and Fidelity are selling their Ethereum holdings despite the stability in the overall crypto market, raising questions about their motive. According to Lookonchain, BlackRock has reportedly deposited 11,475 Ethereum (Ether), worth of $26.27 million, on Coinbase Prime around 3 hours ago. On the same day, Fidelity has also moved 23,919 Ethereum, worth around $54.44 million, into Coinbase Prime just a few minutes ago. Why are BlackRock and Fidelity Selling Ethereum? This dumping of Ethereum tokens is raising questions about its intention as it is coming while the crypto market is giving positive signs with impressive performance in the last few days. These on-chain transactions come after U.S. spot Ethereum ETFs have recorded major outflows of around $104 million on May 7. In this major outflow, Fidelity’s Ethereum Fund (FETH) has experienced a withdrawal of around $62 million. On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) has witnessed an outflow of around $26 million. A similar trend of outflows was also witnessed in the other funds. This has created a reversal pattern after getting constant inflows in the last few days. The pattern of deposits of Ethereum tokens on Coinbase Prime by leading ETF issuers like BlackRock and Fidelity is part of their regular operations, as it is working as their major custodian for U.S. investors to balance investor outflows of funds. These kinds of transactions help them to keep their portfolio healthy, along with liquidity. BitMine Reduces the Speed of Accumulation of Ethereum While BlackRock and Fidelity are selling their ETH holdings, the biggest Ethereum holding public company, BitMine, is rapidly growing its Ethereum treasury by buying ETH on a weekly basis. However, Tom Lee recently revealed that the company might reduce the speed of accumulation as it is now approaching to accumulte 5% of the total Ethereum supply. “At our current buying pace of 100,000 ETH a week, we’re going to be there [at 5%] in like six weeks,” Lee said during a keynote presentation. “I think we’re deciding perhaps we want to accumulate at a somewhat slower pace.” While the overall cryptocurrency market is filled with positive sentiments, large outflows in ETH ETFs and growing geopolitical tension after fresh conflict between Iran and the U.S. have sparked fears about a potential downfall in the ETH price. According to CoinMarketCap , Ethereum is currently trading at around $2,282.93 with an impressive market capitalization of around $275.66 billion. The cryptocurrency is expected to face resistance around $2,300. On the other hand, it has a strong support zone at around $2,200 to $2,250. According to the current price chart, the short-term price chart is giving a neutral to bearish signal. The reason behind this is that most of the moving averages are giving sell signals. Quantum Threat Creates Panic Among Ethereum Investors In the long run, there is a quantum threat looming over blockchains like Bitcoin, Ethereum, and others. While keeping this in mind, Ethereum developers are actively working on methods to counter such quantum computing threats; still, users are looking at this threat as the quantum threat is approaching rapidly with every passing day, after impressive growth in the AI sector. According to the latest report, the quantum threat is expected to hit by 2030. The report stated, “This progress profile means quantum computing advancement may potentially follow a ‘nothing-and-then-all-at-once” exponential trajectory not unlike other emerging technologies such as AI. Our analysis suggests that, based on current trends, Q-Day is more likely to occur than not by 2033, and potentially even as soon as 2030.” “This timeline is a consequence of the fact that small improvements in error correction efficiency, higher qubit connectivity, or better code design create potential feedback loops leading to order-of-magnitude reductions in the resources needed for cryptanalysis. What appears as incremental hardware progress today might rapidly converge to a CRQC with little warning. Waiting until that point is clearly on the horizon risks insufficient time for post-quantum cryptography to be selected, tested, and deployed,” stated in the report. Last month, Ethereum’s co-founder Vitalik Buterin unveiled a detailed plan to take countermeasures against quantum threats. In this plan, he stated that Ethereum should integrate quantum-resistant cryptographic methods. This includes methods like Winternitz signatures and the zero-knowledge proof technology. Also Read: LayerZero Risks Escalate as Developers Push Security Debate

8 May 2026, 19:15

GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer

BitcoinWorld GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer GoMining, a digital Bitcoin mining firm, has announced the launch of GoBTC Pay, a new protocol designed to facilitate instant Bitcoin payments directly on the cryptocurrency’s base layer. The development, reported by The Daily Hodl, aims to address long-standing usability challenges that have limited Bitcoin’s adoption as a medium of exchange for everyday transactions. What is GoBTC Pay? GoBTC Pay is a payment protocol that enables consumers to process Bitcoin transactions instantly without relying on secondary layers or third-party intermediaries. By operating on Bitcoin’s base layer, the protocol seeks to eliminate the latency and complexity typically associated with on-chain payments, making it more practical for real-world use cases such as retail purchases or peer-to-peer transfers. Implications for Bitcoin Usability Bitcoin’s base layer has historically been criticized for its slower transaction speeds and higher costs during network congestion, which has hindered its use as a daily payment method. GoMining’s approach focuses on optimizing the base layer experience rather than depending on off-chain solutions like the Lightning Network. If successful, this could represent a meaningful step toward making Bitcoin more accessible for consumers and merchants alike. Industry Context The launch comes at a time when the cryptocurrency industry is increasingly prioritizing practical utility over speculative trading. Payment infrastructure remains a key barrier to mainstream adoption, with many users still finding it cumbersome to use Bitcoin for routine expenses. GoMining’s entry into this space signals growing competition among mining firms to expand their offerings beyond traditional block production. Conclusion GoBTC Pay represents a targeted effort to improve Bitcoin’s transactional efficiency at the protocol level. While the solution’s real-world impact will depend on adoption and performance under network stress, it adds a new option for users seeking faster, simpler Bitcoin payments. The development underscores a broader industry shift toward enhancing cryptocurrency’s everyday functionality. FAQs Q1: How does GoBTC Pay differ from the Lightning Network? GoBTC Pay operates directly on Bitcoin’s base layer, while the Lightning Network is a second-layer solution designed for off-chain transactions. GoMining’s protocol aims to improve base layer speed without requiring users to set up payment channels. Q2: Is GoBTC Pay available to all Bitcoin users? As of the announcement, GoBTC Pay is being launched by GoMining for its platform users. Broader availability and integration with third-party wallets or merchants have not yet been detailed. Q3: Will GoBTC Pay reduce Bitcoin transaction fees? The protocol is designed to optimize transaction processing, which could lead to lower fees compared to standard on-chain transactions during periods of high demand. However, fee reductions are not guaranteed and will depend on network conditions. This post GoMining Launches GoBTC Pay Protocol for Instant Bitcoin Payments on Base Layer first appeared on BitcoinWorld .

8 May 2026, 19:13

Bullish: Ensnaring Token Market Share

Summary Bullish is acquiring Equiniti, a top transfer agent, to bridge traditional capital markets with blockchain and enable large-scale tokenization. Post-deal, BLSH will combine its crypto exchange platform with Equiniti’s issuer network, targeting higher trading volumes and new primary offerings. The acquisition values BLSH at ~$9.2B, implying a pre-synergy P/E of ~30x, with expectations for significant long-term earnings growth. I initiate BLSH with a Buy, recognizing near-term volatility but focusing on the decade-long potential as an early mover in on-chain finance. Why am I talking about Bullish ( BLSH ) today? Well, I gave out my closely guarded Strong Buy rating recently. The target? Securitize ( CEPT ), which is SPAC-merging soon. As if I timed it, the same day, they announced a deal with Computershare ( CMSQF ). It was a big bet on tokenization. Bullish just did a similar thing. Securitize Press Release I also wrote about the Securitize deal. Transfer agents and issuer-sponsored tokens were the key: Actual shares matter. This means issuers have the option to raise capital onchain. This means it applies to more than just their common stocks. This means they can issue bonds and preferred stocks in the same way. This means that employees can be given stock-based compensation onchain. It means a share-based merger can be done onchain. DeFi startups with third-party tokens cannot offer this. What did Bullish do? They said they're acquiring a transfer agent, Equiniti. These announcements are no accident. On-chain finance is upon us. Let's see the role Bullish plays. Let's see the value of the deal. First, what was Bullish before this? Q4 2025 Earnings Presentation They were a crypto exchange and trading platform. They made money from trading volume. They also had subscriptions and other forms of fees. It's a profitable business on this alone. Q4 2025 Earnings Presentation Even during Q4 earnings , they dreamed bigger. They wanted to move the platform beyond crypto alone. They wanted to tokenize. This deal does that. They had a call about it . CEO Thomas Farley had a reasonable thesis: Equiniti has what cannot easily be built, trusted entrenched relationships at the core of the issuer ecosystem. That is exactly the infrastructure needed to bridge traditional capital markets into the blockchain era. By acquiring Equiniti, we are assembling under one roof the 3 elements required for tokenization to become real at scale, the technology stack, the ledger infrastructure and the issuer network. I said the same about the Securitize-Computershare deal. The transfer agent layer was a subtle one. It was long-overlooked by most in crypto. The first to realize this shall be the first to win. Farley described the industry as a "duopoly." Computershare and Equiniti are Nos. 1 & 2. In 2023, they had about 46% of the market. Equiniti isn't a public company, but Bullish gave some figures ahead of Q1 earnings . M&A Conference Call We're looking at $1.3B revenue. Earnings could be $300M to $400M. This is "pre-synergy," they said. When I wrote about Securitize, I said a key part was reducing overhead costs. Why? Because blockchain doesn't need staff to update the ledger. Margins could improve for Bullish too. This isn't a free lunch, though. They'll inherit Equiniti's $1.85B in debt. They'll also pay $2.3B in BLSH stock at $38.48. Another thing, a big part of the transfer agent business is interest income. Bullish said $250M of it. Why? Because they hold cash while they check ledgers. Smart contracts will take out this lag. It means instant dividends . How does a synergized Bullish look? We don't know. Even Farley said this in the call. How soon it will happen is unclear. This move is about being extremely early instead of late to the show. Given the limited pool of transfer agents, it makes sense. So let's value BLSH. Adjusted for the deal, it's about $9.2B right now. That seems like a pre-synergy P/E of 30x or so. It's a little high. We have to think the deal grows earnings. Does a transfer agent do that? Not directly. Bullish is an exchange. Starting in crypto, they have the tools in place. Take the same product. Apply it to tokenized stocks. That's the use case. That's the growth: Higher trading volume as a stock exchange. That's the bet. Equiniti gives them the issuers. That means primary offerings and underwriting. That means their tokens will be the same as the stock. Two of the biggest transfer agents to make that possible are out of play now. Their exchange will have a special product. That's the case for earnings growth. The exchange trades a lot more and can earn into the billions for it. That's the value of being an early mover. $9.2B will seem like a cheap price for that over time, I think. The deal doesn't close until January 2027. Plus, there's no telling how quickly all issuers and investors move on this. What is tokenized first and at what volume? This stock can be very volatile for a couple of years. One has to be looking ten years out to buy this stock. And that's where I'm looking. I'm going to be early too, initiating with a Buy.

8 May 2026, 19:10

Whale Alert: 2,751 BTC Worth $221M Moved From Coinbase to Unknown Wallet

BitcoinWorld Whale Alert: 2,751 BTC Worth $221M Moved From Coinbase to Unknown Wallet Blockchain tracking service Whale Alert reported the transfer of 2,751 Bitcoin from a Coinbase wallet to an unidentified destination earlier today. The transaction, valued at approximately $221 million based on current market prices, represents one of the larger single transfers observed in recent weeks. Details of the Transaction According to the alert, the funds were moved from a wallet associated with the major U.S.-based cryptocurrency exchange Coinbase to an address not publicly linked to any known exchange or institutional custodian. The transaction was processed on-chain, meaning it is recorded permanently on the Bitcoin blockchain and publicly verifiable. Large transfers of this nature often attract attention from market participants, as they can signal institutional accumulation, exchange inventory rebalancing, or over-the-counter (OTC) trade settlements. However, without additional on-chain analysis or confirmation from the involved parties, the specific purpose of this move remains speculative. Market Context and Implications This transfer occurs against a backdrop of relatively stable Bitcoin prices, with the asset trading in a narrow range over the past week. Historically, significant movements of coins from exchanges to private wallets are interpreted as a bullish signal, as they reduce the available supply for immediate sale. Conversely, transfers to exchanges often precede selling pressure. Coinbase, as a publicly traded company and a primary on-ramp for institutional investors, frequently handles large-volume transactions. The destination wallet’s anonymity is not unusual; many high-net-worth individuals and institutional funds use custom or multi-signature wallets for security and privacy reasons. What This Means for Retail Investors For everyday market participants, such transactions serve as a reminder of the significant influence that large holders—often referred to as ‘whales’—can exert on market dynamics. While a single transfer does not necessarily predict a price movement, tracking these moves can provide insight into broader market sentiment and liquidity flows. It is important to note that on-chain data, while transparent, does not reveal intent. Analysts often require additional context, such as wallet clustering analysis or timing relative to other market events, to draw meaningful conclusions. Conclusion The transfer of 2,751 BTC from Coinbase to an unknown wallet is a notable on-chain event, but its significance will depend on subsequent activity from the receiving address. The crypto market continues to watch for patterns of accumulation or distribution among large holders, which can offer clues about future price direction. As always, such data should be considered as one piece of a broader analytical puzzle rather than a standalone signal. FAQs Q1: What is Whale Alert? Whale Alert is a blockchain tracking service that monitors and reports large cryptocurrency transactions in real-time. It provides data on transfers involving significant amounts of Bitcoin, Ethereum, and other digital assets, often highlighting movements that could impact market conditions. Q2: Why would someone move such a large amount of Bitcoin to an unknown wallet? There are several possible reasons, including moving funds to a cold storage wallet for long-term holding, settling an OTC trade, or rebalancing inventory between different custodial services. The move could also be related to internal Coinbase wallet management. Without further information, the exact reason remains unknown. Q3: Does a large transfer like this always affect Bitcoin’s price? Not necessarily. While large transfers can influence market sentiment, the immediate price impact depends on whether the coins are moved to an exchange (suggesting potential selling) or to a private wallet (suggesting holding). In this case, the destination is unknown, so the effect on price is unclear. Markets often absorb such news without significant volatility if no further selling pressure is detected. This post Whale Alert: 2,751 BTC Worth $221M Moved From Coinbase to Unknown Wallet first appeared on BitcoinWorld .

8 May 2026, 18:36

AI predicts XRP price for May 22, 2026

With XRP price trapped in a consolidation around $1.40 since early February, Finbold AI Agent – an advanced financial assistance tool – has made a bold prediction for this token. The Finbold AI Agent predicted a bearish near-term outlook for XRP price . On May 8, Finbold AI forecast a 1.68% decline for this token over the next seven days, to $1.37. XRP price prediction for 7 days. Source: Finbold The Finbold AI Agent leveraged several Large Language Models (LLMs) – including Claude Opus 4.6, DeepSeek Chat, and Grok 4.1 – to generate this XRP price prediction. Additionally, this AI tool used several technical indicators, including Moving Average Convergence Divergence (MACD), the Relative Strength Index (RSI), and the 50- and 200-day Simple Moving Averages (SMA). Why is AI bearish on XRP price in the near term? The Finbold AI could be predicting a near-term price correction in XRP due to reduced demand for the token. Amid the notable decline in altcoin adoption, as Finbold reported , on-chain data analysis shows investors have been offloading for months. Precisely, XRP holdings at the top two crypto exchanges have increased since mid-February 2025. Over the past 24 hours, Upbit and Binance holdings surged by 82,142 tokens and 1,952,177 units, respectively, based on updates from X user @ Chachakobe4er . TOP 10 exchanges by XRP holdings. Source: @ Chachakobe4er Technical outlook for this token’s price Since XRP price lost its 2025 support level above $1.80 earlier this year, it has been trapped in a consolidation, characterized by a symmetrical triangle that has been forming since early February 2026. Over the past few days, the token has approached the apex of the symmetrical triangle, thereby signaling an imminent breakout, potentially in one week. XRP/USD year-to-date chart. Source: TradingView As such, a consistent close below this symmetrical triangle could signal a bearish outlook, aligning with the Finbold AI XRP price prediction. However, a sustained close above the resistance trend of this XRP’s symmetrical triangle could invalidate the midterm bearish sentiment, making $1.50 a likely target. The post AI predicts XRP price for May 22, 2026 appeared first on Finbold .

8 May 2026, 18:31

Kraken Parent Payward Applies for OCC National Trust Bank Charter

Crypto exchange Kraken is seeking a U.S. federal banking charter to complement its Wyoming SPDI subsidiary.