Altcoin traders can hardly contain themselves as the long-awaited breakout appears to have begun. ETH posted gains of over 20% the last seven days and smaller cap coins like SOL, DOGE, and BNB are close behind, with Chainlink’s LINK token up 30% in the same timeframe. Does this mean alt season finally here?

A painful bull market for altcoin traders

2025 has been a stellar year for Bitcoin, seeing the number-one crypto climb steadily higher, marking a fresh all-time high of ~$122,838 on July 14, fueled by rising institutional demand and a favorable regulatory climate stateside.

The same cannot be said of altcoins, which have languished far from their peak levels. Ethereum’s lackluster performance, in particular, caused divisions within its community, leading many to question whether the divergence between technology and price was an existential issue.

Just as ETH price was beginning to break out and see sustained momentum, renowned trader and former BitMEX CEO Arthur Hayes rattled ETH holders, selling 2,373 coins from his stash and forecasting near-term headwinds for the number-one alt, which, he believed, would test the $3,000 mark based on a weaker-than-expected jobs report and a short-term slowdown in global liquidity.

Those who continued to HODL their ETH are feeling euphoric today as ETH price has surged more than 50% in a month, with some prediction platforms forecasting price targets over $60,000. Even Hayes has taken to crypto Twitter this morning to admit the folly of his decision, tagging Tommy Lee’s Fundstrat, now the largest holder of ETH, with the words:

“Had to buy it all back, do you forgive me? I pinky swear, I’ll never take profit again.”

Is alt season finally here?

With Hayes back on board, BTC and crypto allowed in 401ks, and Ethereum bulls from Buterin to Bankless, finally believing in the strength of this latest rally, does this mean that the long-awaited alt season is finally here?

It certainly looks that way as smaller-cap coins begin to pump across the board. Before you get over your skis, however, take note: this year’s alt season may differ from previous cycles. As prominent day trader and LINK ambassador Ito Shimotsuma, points out:

“Each #Altseason is smaller than the previous ones. And this is why I tell you to focus more on DYOR. In 2017, any random ICO pumped 100x. In 2021, any VC backed alt pumped 50x-100x. This time, very selective alts will outperform. Look for those alts with strong narrative and revenue sharing.”

Another well-known altcoin trader, Miles Deutscher, similarly exercises more caution, confirming that, in his opinion, a mini alt season is finally happening, but watch out for the rotation back into BTC between the $120-140K mark.

Into the Cryptoverse founder Benjamin Cowen is notably less bullish on alts, warning:

“This is not alt season.

This is ETH season

Let’s not confuse the two”

Is Bitcoin’s rally finally over?

With Ethereum and alts pumping, Bitcoin is currently being outperformed, and Bitcoin dominance has dropped to 59.2% at the time of writing after months of holding steady over 60%.

According to Bitcoin macro strategy analyst ecoinometrics, Bitcoin’s correlation with the Nasdaq is behind this recent stall.

“Bitcoin’s correlation with the Nasdaq helps explain recent price action.

When stocks dropped sharply late last week, Bitcoin followed. That’s what you expect when correlations are elevated.

Now that the Nasdaq is resuming its uptrend, Bitcoin is moving with it again.”

All eyes will be on the broader macro picture moving into next week to see what Bitcoin’s next move will be, and how long this alt season may last.

Mentioned in this article

A brand-new Ethereum (ETH) ecosystem altcoin is skyrocketing after immediately securing listings on Binance and Coinbase.

Caldera (ERA) is an application that allows the development of ETH-based layer-2 scaling solutions.

The new ERA token launched on Thursday surged over 80% in just hours before continuing its rally to an all-time high of $2. ERA has given up some of its gains and is trading at $1.56 at time of writing.

Coinbase listed the asset with an experimental label on Thursday. The top US crypto exchange uses the experimental label for tokens that pose certain risks, such as price swings and canceled orders, because of lower trading volume and availability.

Binance, the largest crypto exchange platform in the world, had already announced the day before that it would support the asset via its HODLer Airdrops program.

The HODLer Airdrops program, launched in 2024, rewards investors holding BNB with crypto assets based on previous snapshots of their balances.

Caldera, which refers to itself as “the internet of rollups,” says on its official website that its metalayer enables developers to launch interoperable rollups – layer-2 blockchains designed to scale Ethereum by batching and compressing transactions off-chain before finalizing them on Ethereum.

Caldera’s market cap has already surged past $263 million on its first day of trading.

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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.

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‘Peanut’ the squirrel is dead, but the meme coin named after him is still mooning.

A late-night post from technocrat Elon Musk slamming U.S. authorities for euthanizing the viral squirrel while failing to charge anyone from Jeffrey Epstein’s alleged client list preceded a volume and price spike, data shows, showing speculative fervor is alive and well in the market.

(The “Epstein list” refers to high-profile individuals allegedly connected to Jeffrey Epstein’s sex trafficking network. No official, verified public list exists.)

“Government is deeply broken,” Musk wrote. “They arrested (and killed) Peanut, but have not even tried to file charges against anyone on the Epstein client list.”

Within minutes, Solana-based meme token PNUT spiked over 10% as traders piled in on the name-drop.

PNUT, which has no affiliation with the actual squirrel or Musk, saw trading volumes surge over 120% from $65 million to $214 million in a 24-hour period, according to CoinGecko. The token’s price briefly touched 23 cents before cooling.

With no protocol, no utility, and no roadmap, PNUT trades purely on cultural resonance and reflexive speculation. That makes it a favorite for momentum hunters, and a token to watch for when controversial topics do the rounds — at least on Musk’s X.

Read more: Elon Musk Says America Party Will Embrace BTC as ‘Fiat Is Hopeless’

The shares of database software vendor Oracle (ORCL) just reached an all-time high after releasing its financial results for fiscal 2025 Q4 and full-year 2025.

The company’s stock closed at $199.86 on Thursday, up by 13.25% from the previous day’s closing price of $176.48.

The tech giant’s quarterly revenues climbed by 11% year over year to $15.9 billion. Revenues from cloud services and license support were up by 14% to $11.7 billion, while revenues from cloud license and on-premise license rose by 9% in USD and 8% in constant currency to $2 billion.

Total revenues for fiscal year 2025 were up 8% in USD and up 9% in constant currency to $57.4 billion, while revenues from cloud services and license support climbed by 12% to $44.0 billion. Revenues from cloud license and on-premise license during this period were also up 2% in USD and up 3% in constant currency to $5.2 billion.

Adjusted earnings per share were $1.70.

Oracle CEO Safra Catz says the world’s largest cloud application company expects to see higher revenue growth rates by fiscal year 2026.

“FY25 was a very good year…We expect our total cloud growth rate—applications plus infrastructure—will increase from 24% in FY25 to over 40% in FY26. Cloud Infrastructure growth rate is expected to increase from 50% in FY25 to over 70% in FY26. And RPO is likely to grow more than 100% in FY26.”

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