Crypto News

- Bitcoin is a popular cryptocurrency that many may look to in order to get rich. But is that actually feasible? GOBankingRates asked Grok, an artificial intelligence (AI) tool with a reputation for raw, unfiltered takes, exactly how to get rich off bitcoin today. It revealed strategies and pitfalls, laying out ideas you’d rarely see in mainstream advice columns or safe investment guides. Grok stated that it can benefit those who take risks that blur the line between courage and recklessness, challenging traditional financial advisors. Leverage Debt To Stack Bitcoin Aggressively Grok’s first tip isn’t for the faint of heart. It suggested leveraging cheap debt to buy more bitcoin during price dips. According to Grok, savvy investors...

- Bitcoin Erases Powell Gains in Flash Crash Bitcoin's recent rally was wiped out in under ten minutes after a single whale reportedly sold 24,000 BTC. In today's "Chart of the Day," presented by Crypto.com, CoinDesk's Sam Ewen explores what triggered the flash crash, which reversed all gains from Fed Chair Jerome Powell's dovish speech, and what the options market reveals about the potential for more volatility. This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/bitcoin-erases-powell-gains-flash-163435643.html

- BitMine Ethereum Stash Nears $8 Billion After ETH Hits All-Time High BitMine Immersion Technologies' Ethereum treasury neared $8 billion after the firm added almost $900 million in ETH to its holdings last week amid a price surge that sent the asset to record highs. The firm added more than 190,500 ETH to its balance sheet, bringing its total Ethereum holdings to 1.71 million ETH, just less than 1.5% of the entire token supply. BitMine increased its cash and crypto holdings by $2.2 billion for the week. “This is the second week that BitMine has been able to raise capital from institutional investors at this pace, as we pursue the 'alchemy of 5%' of ETH,” BitMine Chairman Tom Lee said in a statement. “At BitMine, we are leading...

- Key Points Since late afternoon Friday, the price of Shiba Inu (CRYPTO: SHIB) traded close to 7% lower, as of 11:53 a.m. ET today. There is no obvious reason behind the move, but the token is likely struggling along with the broader crypto market. Crypto is always unpredictable Coming off a dovish speech from Federal Reserve Chair Jerome Powell on Friday in Jackson Hole, many would have expected cryptocurrencies to be surging right now because the sector has historically benefited from lower interest rates. However, a Bitcoin whale over the weekend sold 24,000 Bitcoin, according to media outlets, triggering a "flash crash" that appears to be impacting the sector right now. Whales are crypto investors that hold a large amount of...

- Key Points Since the late afternoon last Friday, the price of XRP had fallen roughly 4.2% as of 10:46 a.m. ET today. There is no obvious reason behind the move, but the entire sector has been struggling, due to Bitcoin's decline. Bitcoin's Flash Crash Federal Reserve Chair Jerome Powell's speech last Friday in Jackson Hole sent the market surging because Powell hinted that the Fed is open to adjusting its policy stance, and investors believe this means the Fed will cut interest rates at its September meeting. Cryptocurrencies typically perform well under lower interest rates. However, Bitcoin reportedly experienced a "flash crash" over the weekend after a Bitcoin whale reportedly sold 24,000 Bitcoins, triggering forced...

- What Happened? Shares of bitcoin development company MicroStrategy (NASDAQ:MSTR) fell 3.3% in the morning session after the price of Bitcoin fell and an analyst reiterated a 'Sell' rating citing risks in the company's funding strategy. The decline was driven by a drop in the price of Bitcoin and a critical analyst report. Monness analyst Gus Gala reiterated a 'Sell' rating on the stock with a price target implying roughly 50% downside. Gala's concerns center on the company's strategy of issuing new shares to fund its Bitcoin purchases, which dilutes existing shareholders. Compounding the pressure, Bitcoin's price fell from around $117,000 late Friday to below $112,000, its lowest level since early July, dragging down other...

- Currency Spikes and Trump Tariffs Impact European Results U.S. tariffs and an appreciation in European currencies caused by dollar weakness have eroded companies' top-line performance in the second quarter, increasing pressure on them to relocate operations or put jobs into the United States. Earlier this month, U.S. President Donald Trump put a 39% tariff rate on Swiss firms, prompting some to say they could consider moving operations stateside, adding to cases in the European Union and Britain facing tariffs of 15% or 10%. The euro and the Swiss franc have jumped around 13% this year while sterling is up about 8% as uncertainty over Trump's policies and concern about rising U.S. debt hit the dollar. "The tariffs, the trade...

- Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about AZZ (AZZ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. AZZ currently has an average brokerage recommendation (ABR) of 1.60, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 10 brokerage firms. An ABR of 1.60 approximates between Strong Buy and Buy...

GM! Today's Top News ⚽️ Football Dot Fun Breaks Out The newest breakout crypto app, Football dot Fun, a browser-based Web3 fantasy football (soccer) game built on Base, has seen significant growth in various metrics. 📌 What Happened Traders who bought in on Saturday reported significant gains, with their portfolios experiencing 3-4x increases in value within less than a day. During this period, the total value of the ecosystem increased from approximately $60M to $160M. 📝 How It Works Football dot Fun combines trading with player speculation and roster management, providing a unique approach for newcomers to fantasy football as a trading game. 🧠 Why It Matters Football dot Fun has the potential to become the next significant...

- 4 Reasons to Buy Shiba Inu Before 2026 Shiba Inu (CRYPTO: SHIB) is often regarded as a meme coin rather than a reliable blue-chip cryptocurrency like Bitcoin (CRYPTO: BTC) or Ether (CRYPTO: ETH). It was created as a parody of Dogecoin (CRYPTO: DOGE), which itself was a parody of Bitcoin. However, a $100 investment in Shiba Inu at its earliest trading price in November 2020 would be worth a whopping $2.35 million today. That millionaire-making rally was driven by its early association with Dogecoin, its listings on Coinbase and Binance, Elon Musk's tweets about Shiba Inu dogs, and the broader buying frenzy in meme coins. That rally boosted Shiba Inu's market cap to $7.3 billion, but it's still tiny compared to Dogecoin, which is...

- New Ether Treasury ETHZilla Stock Jumps on Buyback Program Shares of ETHZilla (ETHZ) soared 9% Monday as the cryptocurrency treasury firm announced an up to $250 million stock repurchase plan and gave an update on its holding of Ether. The company formerly known as 180 Life Sciences and backed by billionaire Peter Thiel said the $250 million buyback would begin immediately. Executive Chair McAndrew Rudisill explained that "an aggressive stock repurchase program at the current stock price underscores our commitment to maximizing value for shareholders." ETHZilla added that it now has accumulated 102,237 Ether at an average purchase price of $3,948.72, now valued at approximately $489 million. The company also said it held about...

- Are Coinbase Global's Strategic Acquisitions Powering Growth? Coinbase Global is increasingly leaning on inorganic growth, and its acquisition story is impressive. COIN's targeted acquisitions are broadening its capabilities, diversifying revenues, and expanding its geographical presence. In the rapidly evolving digital asset market, these deals provide Coinbase with accelerated entry into growth verticals such as derivatives, DeFi, tokenization, and institutional services. The most transformative move came with the recent $2.9 billion purchase of Deribit, a leading crypto derivatives exchange. This acquisition establishes Coinbase as a global force in futures, options, and perpetuals, complementing its spot exchange and adding...

- Biotechs Turn to Digital Coins, Crypto to Boost Stock Prices (Bloomberg) -- They’re supposed to be on the cutting edge of medicine. Yet some tiny biotech companies, largely left behind in the stock market’s breakneck rally, are pursuing a new cure-all: Cryptocurrencies. Shares of 180 Life Sciences Corp., now doing business as ETHZilla, tripled after the Peter Thiel-backed company said it had accumulated Ether tokens worth over $350 million. Less than two weeks later, the stock’s gains have been erased. In July, Sonnet BioTherapeutics Holdings soared 243% in one volatile session on plans to transform into a public crypto treasury while MEI Pharma Inc. initially doubled on plans to sell shares to fund a Litecoin treasury. Such...

- Bitcoin bears $1 billion capital exodus as crypto ETPs reach March‐highs in outflows: CoinShares Digital asset investment products recorded outflows of $1.43 billion last week, the largest since March—according to asset manager CoinShares. Early-week pessimism over potential Fed tightening drove roughly $2 billion of outflows, before a more dovish tone from Chair Jerome Powell at Jackson Hole sparked $594 million of inflows. Trading volumes in ETPs jumped to $38 billion—about 50% above the year-to-date average—as sentiment swung sharply. Bitcoin bore the brunt of the sell-off with $1 billion of outflows, while Ethereum’s mid-week recovery limited its outflows to $440 million. Month-to-date figures now show $2.5 billion of inflows...

- Barclays: U.S. economy in stall state, 50% recession risk in 2 years Investing.com -- The U.S. economy has likely entered a “stall state,” with the risk of recession within two years rising to around 50%, according to Barclays analysts. In a research note, the bank said its updated “tipping points” model, which incorporates recent payroll revisions, suggests “the underlying pace of US growth has decelerated to a pace that makes it vulnerable to a recession.” Barclays added: “Various specifications suggest that the US is likely in a stall state, and perhaps for a year or more. With this heightened susceptibility, the model places odds of a recession within eight quarters at about 50%.” The analysis draws on a regime-switching...

- Key Points If you are looking to diversify your crypto portfolio beyond just Bitcoin and Ethereum, two of the most popular options are XRP and Solana. Both rank among the top six cryptocurrencies in the world based on market cap, and both have shown their explosive upside potential over the past 24 months. Which crypto is the better buy? XRP might get all the headlines right now, but Solana also has a lot to offer. Future upside potential Cryptocurrencies, like equities, should be valued based on their future upside potential. And that's where XRP appears to have the upper hand over Solana right now. Now that Ripple (the company behind the XRP token) has settled its long-running case with the Securities and Exchange Commission...

- Cristiano Ronaldo Meme Coin Rumors Fuel $143 Million CR7 ‘Rug Pull’ A spree of fake tokens inspired by soccer icon Cristiano Ronaldo cropped up over the weekend, thanks to rumors he was about to release a meme coin. But they don’t appear to be more than rumors as Decrypt could not find any credible sources on the matter. One of the tokens reached a $143 million market cap before crashing 98%—all in just 15 minutes. The CR7 token, based on the athlete’s nickname, appears to have been promoted by several influencers. But most of them have already deleted their posts. On-chain analyst firm Bubblemaps believes the fake meme coin was likely an organized group effort. “It is likely that after Kanye West launched YZY, some influencers...

- Should You Buy Bitcoin While It's Under $120,000? Key Points Bitcoin (CRYPTO: BTC) is no longer a hidden asset; it's on the radar of many investors. With a trailing five-year return of 879% as of Aug. 21, it has captured the interest of long-term investors. After reaching a high of $124,457 on Aug. 13, Bitcoin's value has dipped by 9%, potentially offering a promising entry point for those looking to boost their investment portfolios. It's still early for Bitcoin Bitcoin has been around for 16 years, sparking a debate among investors about whether now is a good time to buy. While its massive rise may suggest it's late, indicators show otherwise. A Bank of America survey highlighted that 75% of global fund managers currently...

- 3 Great Mutual Fund Picks for Your Retirement Investing in mutual funds for retirement is never too late, and the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds. The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio. Let's take a look at some of our top-ranked mutual funds with the lowest fees. MFS Blended Research Mid Cap Eq A (BMSFX): With a 0.84% expense ratio and 0.5% management fee, BMSFX is a Mid Cap Blend mutual fund. These funds usually seek a stock portfolio of various size and style...

- Ripple taps SBI Holdings to bring RLUSD stablecoin to Japan Crypto payments firm Ripple has signed a memorandum of understanding (MoU) with SBI Holdings to distribute its USD-backed stablecoin, RLUSD, in Japan. The distribution is scheduled to commence in the first quarter of 2026. The agreement was formalised through the financial conglomerate’s subsidiary SBI VC Trade, a licensed electronic payment instruments exchange service provider in Japan. RLUSD, an enterprise-grade stablecoin, is backed by reserves consisting of US dollar deposits, short-term US government bonds, and other cash equivalents. Ripple has arranged for monthly attestations from an independent accounting firm to verify the stablecoin's backing. SBI VC Trade...