Crypto News

- Nvidia's Earnings Report and the China Issue There's a lot to like about Nvidia's report for its fiscal 2026 second quarter (ending July 27). Revenue was up 56% to $46.7 billion. The data center segment led the charge with revenue of $41.1 billion, also an increase of 56% from the previous year. Net income was $26.4 billion, up 59% from the prior-year quarter, when it was $16.6 billion. Earnings per share (EPS) were $1.08, up 61% from last year's $0.76. The company accomplished all this despite being completely shut out from selling its H20 chips in China. The chips are made specifically for the Chinese market to comply with U.S. export restrictions against advanced AI semiconductors. The H20 is less advanced than its flagship...

- Key Points Tesla (NASDAQ: TSLA) is a leading manufacturer of electric vehicles (EVs), but the company is currently experiencing a sales slump that is putting severe pressure on its financial results. That hasn't deterred Ark Investment Management, which is run by investor Cathie Wood, because the firm predicts Tesla stock will reach $2,600 by 2029, implying an eye-popping potential upside of 650%. But EVs aren't the reason for Ark's bullish viewpoint. The firm believes Tesla will become a leading producer of self-driving cars, unlocking new opportunities in areas like autonomous ride-hailing, which could add hundreds of billions of dollars to the company's revenue over the long term. But before investors race off to buy Tesla...

- Eric Trump says Trump family 'loves' Bitcoin community, predicts $1 million valuation HONG KONG (Reuters) - Eric Trump says the Trump family "loves" and "believes in" the Bitcoin community, which supported his father Donald Trump before he became the U.S. President for the second time. Trump, speaking at the Bitcoin Asia conference in Hong Kong, said he believed Bitcoin would hit a $1 million valuation. "The Bitcoin community embraced my father unlike anything I had ever seen before," Eric Trump said. "And I hope that's paid off in spades because we love this community. We believe in this community." Bitcoin has risen 18% this year, hitting a record high of $124,480.82 in mid-August, buoyed by friendlier regulations from the...

- Crypto exchange Binance said on Friday that futures trading is temporarily unavailable on its platform, adding that it is working to resolve the issue. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/binance-says-futures-trading-temporarily-064653275.html

- Asset management firm 21Shares has filed with the Securities and Exchange Commission to launch an exchange-traded fund tracking the Sei blockchain's native token. The proposed 21Shares SEI ETF would offer investors exposure to SEI while providing the potential for additional yield through staking rewards, according to a registration statement filed Thursday. Following successful launches of spot Bitcoin and Ethereum ETFs in 2024, fund managers are targeting smaller digital assets, including Solana, Dogecoin, XRP, and other altcoins under a crypto-friendly Trump administration. The Trust's primary objective is "to seek to track the performance of SEI," with a secondary focus on generating "rewards from staking a portion of the...

- Ethereum Outpaces Bitcoin as ETF Inflows Top $1.2 Billion Amid Market Lull Ethereum’s ability to draw institutional attention and capital is helping anchor market sentiment, even as the broader crypto market drifts in late-summer trading. The second-largest crypto is up more than 17% over the past 30 days compared to Bitcoin’s negative return of 5.5%, CoinGecko data shows. It follows a record setting run earlier this week, where Ethereum climbed to $4,945, its highest ever price, on Sunday. “Ethereum offers a dynamic growth story,” Xu Han, director of Liquid Fund at HashKey Capital, told Decrypt. He pointed to deflationary tokenomics post-Merge, scalability via Layer-2 adoption, and a yield-bearing staking model. On the last...

KUALA LUMPUR, 29 Ogos (Bernama) -- Bank Negara Malaysia (BNM) kini dalam proses perbincangan dengan pakar dan pengamal industri kewangan bagi meneroka kes penggunaan tokenisasi, kata Kementerian Kewangan (MOF). Usaha itu melalui pendekatan penciptaan bersama yang dijalankan menerusi forum ‘Asset Tokenisation Industry Working Group’ atau Kumpulan Kerja Industri Tokenisasi Aset. Dalam kenyataan disiarkan di laman sesawang Parlimen semalam, MOF berkata BNM juga akan menerbitkan kertas perbincangan mengenai tokenisasi aset pada separuh kedua 2025 dengan memberi tumpuan kepada penerokaan tokenisasi instrumen kewangan seperti deposit token dan ‘stablecoin’ bersandarkan ringgit. ‘Stablecoin’ adalah sejenis mata wang kripto bagi mengekalkan...

- Launched in 2009, Bitcoin is the world’s largest cryptocurrency today. With a market cap of $2.2 trillion, it accounts for more than 55% of the total crypto market. In fact, BTC has grown more than 870% over the last five years. Several stocks riding the Bitcoin wave, such as MicroStrategy (Nasdaq: MSTR), have, in fact, soared 2,200% during the same period. However, not every company tied to Bitcoin has achieved such an extraordinary success. Block stock falls 50% in 5 years One such example is Twitter founder Jack Dorsey's fintech firm Block, Inc. (NYSE: XYZ), which offers products such as Cash App for Bitcoin transfers, the self-custody Bitcoin wallet called Bitkey, and the Bitcoin mining unit called Proto, among others. Over...

- Aurora, McLeod Partner on Autonomous Truck TMS Aurora announced Thursday it has partnered with McLeod Software to develop the industry’s first integration between autonomous trucks and a mainstream transportation management system. The partnership aims to streamline autonomous vehicle adoption for carriers through software integrations. The integration connects Aurora’s app directly with McLeod’s TMS platform, allowing carriers to manage autonomous trucks alongside their traditional fleets. The integration will support fleet management functions, including load scheduling, dispatch, visibility, and invoicing. One goal is to create a seamless operational experience for carriers adopting autonomous technology. “We want this to be...

- Why Cronos Is Skyrocketing Again Today Key Points Cronos (CRYPTO: CRO) is recording another day of explosive gains this Thursday. The cryptocurrency's token price was up 30.1% over the past 24 hours as of 6:15 p.m. ET. Over the same period, Bitcoin was up 1%, and Ethereum was flat. Cronos is a cryptocurrency launched and maintained by Crypto.com, a crypto website and trading exchange platform. The token has seen massive gains recently following news of an expanded partnership with Trump Media and news that the company connected to President Donald Trump is making moves to launch a new cryptocurrency treasury. As of this writing, the token is up 131% over the last week of trading. Cronos keeps soaring thanks to the Trump deal On...

- From Passive HODLing to Smart Collateral: A New Era for Bitcoin Bitcoin is maturing as an asset class, and institutional adoption and ETFs have brought in a new wave of investors who want to do more with their BTC. In this week's Market Outlook, CoinDesk's Jennifer Sanasie and Andy Baehr sit down with Alisia Painter, COO and Co-Founder of Botanix, to discuss how they are unlocking the idle liquidity of the world’s largest cryptocurrency and bringing DeFi, yield-generating products, and more back to the Bitcoin network. This article has been published on coindesk.com via Yahoo News. https://finance.yahoo.com/video/passive-hodling-smart-collateral-era-223552440.html

- Shark Tank’s Kevin O’Leary adds Bitcoin to his investing app Kevin O'Leary's Beanstox has launched ETF investing in Bitcoin (IBIT) and gold (IAU) that are regulated and allow users to gain exposure to the assets without requiring the use of cryptocurrency wallets or physical storage of the asset. Beanstox customers can now invest as little as $20 through the app, which already allows for access to personalized ETF portfolios in stocks and bonds. Key takeaway The new self-directed option adds a layer to their investment options by allowing clients to include Bitcoin and gold in their mix, as well as automated investing features designed to keep clients growing over time. More news: Kevin O'Leary, the chairman and co-owner of...

- Bitcoin Price 'Too Low' as Volatility Dips, Institutional Interest Rises: JP Morgan Bitcoin's price should be higher as its volatility has plunged and the asset has become more attractive for institutions, JP Morgan analysts said in a note Thursday. The analysts said that the price of the leading digital coin should be at $126,000 per coin, although they believe that BTC could still climb that high by year-end. Bitcoin was recently trading at about $111,950, according to CoinGecko data, virtually unmoved over a 24-hour and seven-day period. BTC hit a new all-time high of $124,128 earlier this month. "The Bitcoin price looks too low compared to gold as Bitcoin volatility reaches historically low levels," the note authored by...

- American Bitcoin Eyeing Nasdaq Debut in September: Reuters American Bitcoin, a Bitcoin miner that’s partially owned by two of U.S. President Donald Trump’s sons, is inching closer to its public debut, targeting September for a listing on the Nasdaq, according to Asher Genoot, CEO of Bitcoin miner Hut 8. American Bitcoin’s merger with Gryphon Digital Mining is nearly completed. Hut 8 owns 80% of American Bitcoin, while Eric Trump and his brother Donald Trump Jr. are expected to own 19% of the company that was unveiled in March. The firm is striving to become one of the country’s largest Bitcoin miners, scaling up operations as the president pushes forward with his crypto-friendly regime. The stock is expected to trade under the...

- JPMorgan analysts believe that Bitcoin's current price is "too low" compared to gold. In a conversation with The Block, Nikolaos Panigirtzoglou suggests that the cryptocurrency can rise to $126,000 by the end of 2025. Key takeaways: The prediction comes at a time when Bitcoin's volatility has collapsed to historic lows, which should help institutions start thinking of Bitcoin similarly to gold as an asset class for portfolios. "Yes, this is the upside we highlighted in our note, which we envisage to be reached by year-end," said Panigirtzoglou, managing director of JP Morgan. The bank observed that Bitcoin's volatility in relation to gold has reportedly fallen to a record-low ratio of 2.0, meaning it requires only twice as much...

- On Aug. 28, the Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory as per which users based in the U.S. can now trade on non-U.S. crypto exchanges. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by enforcement approach of the past several years,” said Acting Chairman Caroline D. Pham. Pham added the move is part of the CFTC's longstanding approach to let American traders access the markets. She also said the step makes way for American crypto trading companies that were forced to establish themselves abroad to again access U.S. markets. CFTC provides regulatory clarity...

- Former FTX Legal Advisors Move to Dismiss Lawsuit, Claiming No Knowledge of Fraud Former FTX legal advisors, Fenwick & West have moved to dismiss a lawsuit that alleges the firm played a key role in the multi-billion dollar collapse of the exchange. The firm wrote that after two years of litigation, the plaintiffs have yet to prove that Fenwick & West knew its client was committing fraud. The lawsuit, filed in 2023, names many defendants who investors allege had knowledge of FTX’s fraud, including crypto exchange Binance, the Federal Deposit Insurance Corporation, supermodel Gisele Bundchen and her ex-husband and NFL star Tom Brady, the NBA’s Golden State Warriors, venture capital investor Kevin O’Leary, and tennis star Naomi...

- Altcoin Season? These Coins Are Soaring as Bitcoin and Ethereum Take a Breather Grab your umbrellas crypto traders, it looks like altcoin season might be here again. Altcoin season refers to periods when alternative cryptocurrencies significantly outperform Bitcoin, typically marked by capital rotation from BTC into smaller, more volatile assets. It's essentially a great time for non-Bitcoin maxis. During a relatively brief period—typically weeks or months—the values of altcoins soar as investors move their funds from Bitcoin to other coins. With the crypto market holding above $3.9 trillion today, CoinMarketCap’s Altcoin Season Index is now back up to 53 out of 100. That’s not nearly as high as back in December 2024, when the...

- Quantum computing and crypto Cryptocurrencies are digital currencies that deploy cryptographic functions to encrypt all financial details, ensuring the integrity and security of funds. This way, nobody other than the individuals sending and receiving crypto assets can gain access to any sensitive financial data. It is estimated that even the latest, most powerful supercomputers would take thousands of years to decrypt crypto proofs. However, there is concern within the crypto community that quantum computers could violate crypto security within seconds. While conventional computers use binary electrical signals to represent ones or zeros, quantum computers employ quantum bits (qubits), which are subatomic particles. Optimized...

- Real Estate Firm's Stock Spikes After Revealing First Publicly Traded Chainlink Treasury Caliber, a publicly traded real estate asset management company, saw its stock price skyrocket Thursday after announcing that it has adopted a digital assets treasury strategy that will center on Chainlink (LINK). The firm’s strategy was approved by its board of directors, allowing it to allocate a portion of its treasury to acquire LINK—the token that powers Chainlink’s oracle network, which brings real-world data to blockchain apps. Caliber will use its balance sheet and existing access to capital to acquire LINK, though the firm has not shared how much it intends to acquire. “This strategy combines what Caliber already does best—raising and...