Crypto News

- 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...

- US Stock Futures Slip as Investors Look Ahead to Nvidia Earnings U.S. stock futures are pointing lower after indexes soared Friday as investors look ahead to earnings reports from Nvidia and others later this week. Nasdaq futures are 0.3% lower after the tech-focused index gained nearly 2% Friday as Federal Reserve Chair Jerome Powell indicated that interest rates could be cut. S&P 500 and Dow Jones Industrial Average futures are down by 0.2%, with the Dow coming off its first record close of the year. The yield on the 10-year Treasury note is ticking higher. Oil futures are up. Gold futures are down. Intel Stock Rises After US Government Takes 10% Stake in Chipmaker Intel (INTC) shares are advancing about 2% in premarket trading...

- Launched on April 19, 2011, the First Trust Mid Cap Value AlphaDEX ETF (FNK) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Value segment of the US equity market. The fund is sponsored by First Trust Advisors. It has amassed assets over $204.79 million, making it one of the smaller ETFs attempting to match the Mid Cap Value segment of the US equity market. Why Mid Cap Value With market capitalization between $2 billion and $10 billion, mid cap companies usually contain higher growth prospects than large cap companies, and are considered less risky than their small cap counterparts. Thus they have a nice balance of growth potential and stability. While value stocks have lower than...

- Key Points Brookfield Corporation (NYSE: BN) has consistently delivered impressive wealth-building returns, averaging over 15% annually for investors during the past 30 years. This remarkable performance has surpassed that of the S&P 500 index and many of the world's great companies. Here's a look at how much money you'd have today if you'd invested $1,000 in Brookfield stock five years ago. A really fast grower Brookfield Corporation has delivered a robust 19.2% average annual total return over the past five years, outpacing the S&P 500's strong 13.8% annualized return. At that rate, a $1,000 investment in Brookfield made five years ago would be worth over $2,400 today. That compares to roughly $1,900 for the same investment in...

- Best Income Stocks to Buy for August 25th Here are three stocks with a buy rank and strong income characteristics for investors to consider today, August 25th: Artisan Partners Asset Management Inc. (APAM): This investment management company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.4% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 6.3%, compared with the industry average of 2.7%. Bar Harbor Bankshares (BHB): This bank holding company for Bar Harbor Bank & Trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.5% over the last 60 days. This Zacks Rank #1 company has a dividend yield of 4%, compared with the industry...

- Do Wall Street Analysts Like Vertex Pharmaceuticals Stock? Boston, Massachusetts-based Vertex Pharmaceuticals Incorporated (VRTX) is a biotechnology company. It focuses on the discovery, development, and commercialization of small-molecule drugs targeting serious diseases. With a market cap of $101.3 billion, Vertex’s operations span the Americas, EMEA, and the Indo-Pacific. The biotech giant has significantly underperformed the broader market over the past year. VRTX stock prices have plunged 17.7% over the past 52 weeks and 1.9% on a YTD basis, compared to the S&P 500 Index’s 16.1% gain over the past year and 10% surge in 2025. More News from Barchart Narrowing the focus, Vertex has also underperformed the sector-focused Health...

- Key Points With prices up by almost 400% over the last 12 months, XRP (CRYPTO: XRP) has recently begun leading the pack among large, blue-chip cryptocurrencies, beating Bitcoin's return by over 4x over the same timeframe. But can the boom times continue? Let's dig deeper to see if XRP still has what it takes to mint more millionaires over the long term. A Utility-Focused Cryptocurrency When it launched in 2012, XRP made a name for itself by fixing some of the shortcomings of older platforms. Unlike Bitcoin, it aimed to disrupt the international payments market with a focus on transaction speed and rock-bottom fees (currently 0.00001 XRP per transaction). Now, rapidly evolving blockchain technology means newer blockchain networks...

- This Cryptocurrency Has Doubled Since July, But It Might Not Be Too Late to Buy Key Points While many cryptocurrencies have produced eye-popping total returns over the past five years, the asset class has a tendency to make huge moves up and down. Bitcoin (CRYPTO: BTC), for example, has climbed nearly 600% since the start of 2023, but that's come with sudden price spikes followed by eventual drawdowns. The asset lost more than 20% of its value three times in the past two years. While Bitcoin typically sets the pace for the entire cryptocurrency asset class, another big coin has dramatically outperformed since the calendar flipped to July. In fact, it's doubled since July 1, as of Aug. 22. When a cryptocurrency climbs that high...

- New ETF Filings Hint at Broader Crypto Product Boom Ahead Investment firms have started flooding regulators with applications for sophisticated crypto exchange-traded funds, pivoting from basic spot products to leveraged and actively managed strategies for broader institutional crypto exposure. Bloomberg ETF analyst Eric Balchunas pointed to the trend, tweeting Sunday, about new filings for an active crypto ETF and leverage products. This indicates issuers are trying to stay one step ahead of regulators while preparing for an October window where multiple approvals could land at once. Multiple issuers also updated XRP ETF applications, likely due to feedback from the SEC, which is a good sign, albeit mostly expected. Industry...

- Powell Speech Boosts Ethereum ETFs: What Lies Ahead? Wall Street rallied sharply on Aug. 22, 2025, as Federal Reserve Chair Jerome Powell suggested that interest rates could be lowered as soon as September in his Jackson Hole address. In his remarks, Powell agreed that the economic outlook has shifted in ways that may warrant a change in monetary policy. However, he cautioned that inflation pressures remain a concern. He pointed to tariff-related costs, noting that such pressures are starting to show an impact on the economy and continue to pose an upside risk to inflation. However, rate cut hopes gave a boost to the market. Powell’s comments triggered a sharp risk-on trade sentiment. The Dow Jones Industrial Average jumped 1.9%...

- Bitcoin's (CRYPTO: BTC) price hit a record high of nearly $124,500 on Aug. 14, marking a gain of more than 110% over the previous 12 months. It's pulled back to about $113,000 as of now, but some analysts expect it to soar even higher through the end of the year. Back in May, Fred Krueger, a market analyst and mathematician, predicted Bitcoin's price would surge to $600,000 by October. That's a bold forecast that surpasses my own estimate for Bitcoin reaching $200,000 within the next year. Let's compare the current catalysts for Bitcoin to Kreuger's bullish outlook to decide. What are the current tailwinds for Bitcoin? Bitcoin's rally over the past year was driven by four tailwinds. First, declining interest rates softened the...

- AUSTRAC Orders Binance Australia Audit Over AML Concerns Australia's financial intelligence agency has ordered the Australian arm of the world's largest crypto exchange to appoint an independent auditor, citing “serious concerns” in its crime prevention systems that allegedly leave the platform vulnerable to illicit money flows. AUSTRAC directed Investbybit Pty Ltd, Binance Global’s Australian arm, to undergo external scrutiny after identifying major gaps in the exchange's anti-money laundering and counter-terrorism financing controls. The latest AUSTRAC directive gives Binance Australia 28 days to nominate external auditors for regulatory approval. The enforcement action is another regulatory blow for Binance Australia, which...

- Is AGNC Investment Stock a Buy Now? The most prominent statistic around AGNC Investment right now is probably its 14.8% dividend yield. That's a huge yield and one that is likely to draw the attention of many dividend investors. There's just one problem: AGNC isn't really meant for investors looking to live off the income their portfolios generate. Here's what you need to know and what type of investor might still want to buy this mortgage real estate investment trust (REIT). The problem with AGNC Investment's huge yield AGNC Investment is a real estate investment trust, a company structure that is designed to pass income on to shareholders. But that fact has to be juxtaposed against other facts when looking at the massive...

- Key Points The stablecoin market has more than doubled in size in under two years, going from $120 billion in October 2023 to $288 billion (as of Aug. 19). Nearly 60% of that is Tether (CRYPTO: USDT), a U.S. dollar stablecoin with a market cap of $167 billion. However, there are some valid concerns about Tether. In 2021, the Commodity Futures Trading Commission fined Tether $41 million for misleading claims that its stablecoin was fully backed by U.S. dollars. Tether also doesn't currently meet the requirements of the Genius Act, which passed last month. The Genius Act requires that stablecoin issuers publish monthly disclosures of their reserves. Tether publishes reserve reports on a quarterly basis. This could give other...

- Crypto markets stumbled as dormant whale dumped $2.7bn in Bitcoin. Crypto markets flipped bearish late Sunday night after a typically sleepy weekend gave way to a bruising sell-off. The slump coincided with news that a long-dormant Bitcoin whale, once tied to a massive 2019 withdrawal from the HTX exchange, had offloaded a hoard of 24,000 Bitcoin, according to onchain data. The entity, which hadn’t moved coins in five years, sold roughly $2.7 billion worth of Bitcoin over recent days. They then began buying up tons of Ether, amassing more than 400,000, which they used to open leveraged long positions and stake with. But the whale wasn’t the only source of pressure. Dovish Powell Last week’s dove-tinged Jackson Hole speech from...

- Stock exchanges urge regulators to crack down on 'tokenised stocks' (Reuters) - A group representing the world's biggest stock exchanges is urging securities regulators to clamp down on so-called tokenised stocks, arguing that the blockchain-based tokens create new risks for investors and risk damaging market integrity. Tokenised equities are blockchain-based tokens created to represent shares in companies. The tokens represent ownership of the securities, but investors do not become shareholders in the underlying company. Crypto exchange Coinbase and broker Robinhood are among those making a push into the nascent sector that could shake up the securities investing landscape. Proponents say tokenised equities can cut trading...

- Stablecoins are set to reshape the multitrillion-dollar US Treasury market With US debt above $37 trillion and climbing, the US Treasury market is eyeing stablecoin issuers like Tether and Circle (CRCL) as key buyers. Wall Street's explosive adoption of digital tokens pegged to the US dollar has been fueled by the recently signed GENIUS Act, which established guidelines and a landmark framework for the industry. “In terms of US President Trump’s aim to make the US the crypto capital of the planet, a well-regulated stablecoin market could cement the US dollar dominance in the world of digital finance," said HSBC analysts earlier this week. Under the new law, stablecoin issuers are required to back tokens one-to-one with US...