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Binance-Listed Altcoin Announces New Measures Following Major Concerns

The Usual Protocol has responded to concerns regarding its USD0++ floor price mechanism by introducing two significant changes aimed at increasing trust and improving the sustainability of the protocol. Usual Protocol’s stablecoin USD0 recently lost its peg to $1. Starting next week, Usual Protocol will enable a 1:1 early payout option. This feature allows users to give up a portion of their accumulated rewards and use their assets at a 1:1 ratio. The payback period covers a maximum of six months, which the developers claim offers flexibility while addressing liquidity concerns. The protocol has decided to activate its revenue distribution mechanism earlier than planned. Starting Monday, Usual will distribute revenues to USUALx holders weekly, in USD0. The protocol estimates that monthly revenues will be around $5 million, which corresponds to an annual percentage rate (APR) of over 50% in current conditions. Related News: Institutional Giant Whale Bulks Up On This Altcoin As The Price Plummets Usual Protocol detailed these updates in a public statement: “To address concerns and ensure the sustainability of the protocol, the activation of the revenue switch will be brought forward. Starting Monday, Usual will begin distributing revenues to USUALx holders in USD0 on a weekly basis, with monthly revenues anticipated to be approximately $5 million.” *This is not investment advice. Continue Reading: Binance-Listed Altcoin Announces New Measures Following Major Concerns AMB Crypto

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This Catalyst Could Trigger ‘Violent’ Bitcoin Surge to Hundreds of Thousands of Dollars: Bitwise CIO Matt Hougan

The chief investment officer (CIO) of Bitwise Asset Management Matt Hougan is highlighting one catalyst that could have a massive impact on the price of Bitcoin ( BTC ). In an interview on the Mr. M Podcast, Hougan says that the price of Bitcoin could rise exponentially if the crypto king is adopted as a reserve asset by various countries across the globe. “There’s this question of whether we will see governments around the world starting to add Bitcoin to their own balance sheets. I would say that that possibility is not priced into the market at all. Like zero. If that becomes a reality, I think you’re talking about Bitcoin being many hundreds of thousands of dollars. There’s just not enough Bitcoin in the world to support, to facilitate that kind of demand without prices going substantially higher. So I think this is a real sea change. I think investors have underestimated it. I think it’s going to have a long-tail effect. It will extend the bull market substantially in 2025 and potentially beyond.” According to Hougan, the number of new Bitcoin expected to be mined in 2025 will be inadequate to meet the demand that he expects to come online. “The Bitcoin Network is going to produce about 160,000, 170,000 Bitcoin [in 2025]. Corporations bought 270,000 [BTC] last year, and exchange-traded funds (ETFs) bought 400,000 – 500,000 [BTC]. Governments are talking about buying hundreds of thousands. Any one of these sources is more than all the net new Bitcoin that comes out of the market. And that means, just from a simple perspective, that in order to satisfy that demand, which I think is unstoppable, I think you’re going to see all three sources buy hundreds of thousands of Bitcoin. People who hold Bitcoin today have to sell. Maybe they’re willing to sell at $100,000. But if they’re not, what is the next level at which enough of them will sell? Is it $125,000? Is it $150,000? Is it $200,000? I think the market could sort of find itself in an air gap where people are unwilling to sell until it gets to a new major level. And that move could be very violent.” Bitcoin is trading at $94,744 at time of writing. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram 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 This Catalyst Could Trigger ‘Violent’ Bitcoin Surge to Hundreds of Thousands of Dollars: Bitwise CIO Matt Hougan appeared first on The Daily Hodl . AMB Crypto