Crypto News

- Why Arthur Hayes Expects Ethereum to Surge to $20,000 After setting a new all-time high price on Friday, Ethereum could still have a long way to run—at least, according to one of the crypto industry’s most outspoken backers. BitMEX founder Arthur Hayes has upped his Ethereum price target again, this time suggesting that the second largest crypto asset could jump to as high as $10,000 or $20,000 by the end of the cycle. Hayes outlined his price prediction—centered on his expectation of major money printing during President Donald Trump’s time in office—on the Crypto Banter podcast hosted by crypto personality Ran Neuner this week, ahead of Federal Reserve Chairman Jerome Powell’s speech at Jackson Hole on Friday. “I think ETH goes...

- Huge News For Remitly Global Investors Key Points In the last year, a narrative has formed around stablecoins disrupting cross-border payment fees. With the initial public offering (IPO) of Circle Internet Group and growing adoption of these fiat-backed cryptocurrencies, many investors have claimed that the traditional days of cross-border payments are behind us. This has sent shares of mobile remittance player Remitly Global (NASDAQ: RELY) down 30% from highs set earlier this year. As a business that makes money on cross-border payment fees, Remitly could be threatened by stablecoins. But is it truly at risk? A new announcement from Remitly around stablecoins could be huge news regarding this narrative, and may turn stablecoins...

- OpenAI warns against SPVs and other ‘unauthorized’ investments In a new blog post, OpenAI warns against “unauthorized opportunities to gain exposure to OpenAI through a variety of means,” including special purpose vehicles, known as SPVs. “We urge you to be careful if you are contacted by a firm that purports to have access to OpenAI, including through the sale of an SPV interest with exposure to OpenAI equity,” the company writes. The blog post acknowledges that “not every offer of OpenAI equity […] is problematic” but says firms may be “attempting to circumvent our transfer restrictions.” “If so, the sale will not be recognized and carry no economic value to you,” OpenAI says. Investors have increasingly used SPVs (which pool...

- Eric Trump is expanding his involvement in digital assets, with plans to attend a shareholder meeting in Tokyo, publicly predict bitcoin’s price, and undertake new corporate ventures that enhance the Trump family’s push into Asia's crypto market. Metaplanet Shareholder Meeting Reportedly, Trump will participate in a Sept. 1 shareholder meeting of Metaplanet, a Japanese company following the strategy similar to Michael Saylor’s approach. He was appointed as a strategic adviser in March and is expected to visit Tokyo after attending the Bitcoin Asia conference in Hong Kong on Aug. 28–29. Previously, Trump appeared at the Wyoming Blockchain Symposium, where he identified as a “bitcoin maxi” and mentioned dedicating over half his time...

- XRP ETFs back in play as Ripple and SEC battle settles As the Ripple vs. Securities and Exchange Commission (SEC) case reached its final stage, spot exchange-traded funds (ETFs) linked to XRP are back in play. Leading ETF issuers such as Franklin Templeton (NYSE: BEN), Grayscale, Bitwise, Canary Capital, CoinShares, 21Shares, and WisdomTree updated their XRP ETF filings on Aug. 22. The updates request the SEC to allow some of the ETFs to have XRP or cash creations and cash or in-kind redemptions instead of cash creations and redemptions only. The SEC is yet to approve spot XRP ETFs even though it allowed funds linked to Bitcoin and Ethereum to trade in the U.S. months ago. So far, the only XRP ETFs in the U.S., issued by...

- Key Points There haven't been many investment success stories throughout history that can hold a candle to Bitcoin (CRYPTO: BTC). The world's original cryptocurrency, still the largest today, was launched in 2009 and has appreciated by over 20,000% since 2014. One of Bitcoin's most prominent backers and holders believes that its story still has plenty of chapters ahead. Michael Saylor, executive chairman of Bitcoin treasury company Strategy, recently predicted that Bitcoin's price will reach approximately $21 million over the next 21 years. That would indicate an upside of 17,696% from the price as I write this of $118,000. Strategy holds Bitcoin as its primary reserve asset. As of July 31, it said it owned 628,791 Bitcoins, 3% of...

- XRP advanced sharply during the Aug. 22–23 session, testing multi-month resistance near $3.10 after weeks of sideways trading. The move coincided with dovish commentary from Federal Reserve Chair Jerome Powell at Jackson Hole, which reinforced expectations of a September rate cut and lifted risk sentiment across digital assets. On-chain settlement volumes on the XRP Ledger surged 500% earlier this week, adding to optimism around institutional adoption despite ongoing whale distribution. Price Action Summary - XRP gained 8.56% across the 23-hour session from August 22 at 11:00 to August 23 at 10:00, climbing from $2.83 to $3.03, according to CoinDesk Research's technical analysis data. - The token swung between $2.79 and $3.10...

- Legendary investor Warren Buffett is known for many things, including memorable quotes. Perhaps the most cited is his contrarian philosophy: investors should “be fearful when others are greedy and to be greedy only when others are fearful.” Of course, the problem with this sentiment is that it’s not clear which ideas are worth taking a risk on and which ones should be left in the garbage bin. After all, if every security that encountered a bout of red ink was a good opportunity, then there would be no bear markets — and by default, no business implosions. Clearly, that is not the case. So, the million-dollar question: how does one go about finding true discounted prospects in the market, the names with a higher-than-average chance...

Anonymous Hacktivist Group Founder Spearheads Meme Coin While Facing 5 Years in Prison “We are Anonymous. We are Legion. We do not forgive. We do not forget. Expect us.” The motto of notorious hacktivist group Anonymous has heralded some of the world’s most famous hacks, targeting everyone from the Westboro Baptist Church to Bank of America. Now, one of its founding members is spearheading a Solana-based crypto project, which he brands as a “movement coin” rather than a traditional meme coin. The token is a homage to hacktivist culture, a way to help fund his ongoing legal battle, and a vehicle for the Anonymous movement to evolve. Aubrey Cottle, more commonly known as Kirtaner or just Kirt online, faces up to five years in prison...

- AP Top Financial News at 12:24 p.m. EDT Trump Turns $11.1B in US Government Funds into a 10% Stake in Downtrodden Intel Hedge funds must report all positions worth more than 0.5% of a company’s shares to the FCA, which then publishes the data as a snapshot of shorting activity. It does not include short positions worth less than 0.5%. Sainsbury’s was contacted for comment. This article has been published in yahoo.com via Yahoo News. https://finance.yahoo.com/news/ap-top-financial-news-8-040000555.html

- Key Points At the moment, just 11 publicly traded companies can claim a market capitalization above $1 trillion. That elite trillion-dollar club includes tech juggernauts such as Nvidia (NASDAQ: NVDA), Microsoft, Apple, Alphabet, Amazon, Meta Platforms, Broadcom, Taiwan Semiconductor, Tesla, along with Warren Buffett's diversified conglomerate Berkshire Hathaway and oil giant Saudi Aramco. Among them, Nvidia reigns supreme. With a market cap of roughly $4.4 trillion, it's the most valuable company in the world. Not only do I think Nvidia is positioned to maintain that crown, I also expect it to remain worth more than Tesla, Berkshire Hathaway, and ambitious AI player Palantir Technologies combined over the next five years, thanks...

- State of Crypto: Crypto Takes Jackson Hole Policymakers of various stripes spoke at the SALT Wyoming conference this week in Jackson Hole, Wyoming. The narrative Congress is still on vacation, but policymakers trekked up to Jackson Hole, Wyoming to speak to the crypto industry — largely praising it or saying how they expect legislation to move forward. Why it matters The industry has seen a lot of progress on crypto policy priorities this year. Lawmakers' comments hint at what the last four months of 2025 might look like, and what we can expect from federal regulators. Breaking it down "I believe that we'll have between 12 and 18 Democrats at least open to voting for market structure." — Senate Banking Committee Chair Tim...

- Key Points Folks looking for recurring income that doesn't require any effort on their part have lots of options, but dividend-paying stocks are hard to beat if you want a truly passive income stream. Top dividend payers tend to keep delivering cash payments to your brokerage account for decades without interruption. Best of all, you can collect the payments without lifting a finger. Some dividend payers will deliver a lot more cash to their shareholders than others. Dow and AGNC Investment are well-established companies that offer investors yields more than triple the market average. With an average yield of 10.4% at recent prices, an investment of $9,700 spread between these two stocks will produce over $1,000 in annual dividend...

- The creators of Xai, a layer-3 gaming blockchain built on Ethereum, have sued Elon Musk’s xAI for trademark infringement—and are asking a federal court to force the billionaire’s artificial intelligence company to change its name and branding in contexts related to video games and blockchain. In November, Musk announced plans to start an AI video game studio within xAI, to “make games great again.” Ex Populus, the company behind gaming blockchain Xai, now claims that Musk’s announcement immediately created “substantial actual confusion” online between their established video game brand, Xai, and Musk’s xAI gaming venture. Numerous news aggregators and commentators used the blockchain’s logo in announcements about Musk’s venture...

- First Bitcoin, Then Ethereum: Will Ripple's XRP Be the Next Target of the "Crypto Treasury" Strategy? Simple ideas can be powerful. Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has such an idea. In a nutshell, it issues new debt and new equity to raise capital for huge purchases of Bitcoin (CRYPTO: BTC), which it aims to hold for the long term, making it the first and largest "crypto treasury" company. Its shares are up by 173% in the last 12 months alone, exceeding Bitcoin's gain of 99%. Other businesses have copied Strategy's approach, and some are even doing it with Ethereum (CRYPTO: ETH). But could Ripple's XRP (CRYPTO: XRP) be next in line for corporate treasurers? This template is spreading like a virus Once a...

- 3 Reasons to Buy Chevron Stock Like There's No Tomorrow Key Points Chevron (NYSE: CVX) has delivered a relatively mediocre return over the past year. Shares of the oil giant are up less than 5%, which is underwhelming compared to the nearly 15% gain of the S&P 500. Despite that lackluster recent performance, Chevron has a lot going for it these days. Here are three reasons to buy the oil stock like there's no tomorrow. 1. A low risk profile Oil companies are inherently riskier due to the volatility of oil and gas prices. However, Chevron has one of the lowest risk profiles in the oil patch. The company has the lowest-cost business in the industry, with a break-even level of around $30 per barrel. That enables Chevron to produce...

- Can Investing in Amazon Double Your Money? Key Points One of the questions I always ask myself when considering a stock to buy is whether I think it has the potential to double in value within the next five years. It's a good gauge to determine whether the stock has the strong mix of value and growth potential to be a solid investment. The point is not about whether you can quickly double your money from an investment, but whether it has enough upside to be a good growth stock. Amazon (NASDAQ: AMZN) is an intriguing option because it isn't a cheap stock. In fact, it's one of the most valuable companies in the world, with a market cap of around $2.5 trillion. For it to double in value, you would need to believe it can get to $5...

- Is Bitcoin's 4-Year Cycle Over? Why BTC May Finally Break the Trend If history is anything to go by, then Bitcoin should plunge next year—and crypto markets will be in the red. But just because it's happened before doesn't mean it will happen again. One of the hottest debates raging right now across the crypto industry is whether or not Bitcoin will stick to its usual four-year cycle. Experts have been chiming in from both sides of the spectrum. Last year, Bitcoin did something it hadn't done before when it hit a new high ahead of the halving, following the approval of spot Bitcoin ETFs. This has led some analysts and observers to believe that Bitcoin's typical cycle—when the coin hits a high the year after its halving, only to...

- Meme coins are a form of cryptocurrency that first began as a joke on the internet, but exploded in popularity. Americans may remember the explosion of Beanie Babies in the late 80s and early 90s. Meme coins have a similar following. People purchase these coins less for their value than they do as a novelty that’s following a popular trend, according to Schwab. Such trends may follow a particular celebrity or viral moment (or even the President of the United States). Coins are usually associated with an already existing blockchain. In addition, they are typically incredibly volatile in nature, according to Coinbase. While usually meant as a joke, some meme coins do hold value if there’s enough demand for them. Value can...

Cryptocurrency investing is a high-risk venture. Your portfolio could deliver incredible returns if you invest in quality projects, but if you don't, you could lose most or all of your money. Unfortunately, the market is full of crypto scams and low-quality coins that do little but disappoint investors. A sum of $2,500 is a good starting point for a crypto portfolio. To ensure it doesn't go to waste, here are three popular cryptocurrencies to avoid, along with some better alternatives. 1. Dogecoin and its fellow meme coins are digital lottery tickets Created in 2013, Dogecoin (CRYPTO: DOGE) started the trend of meme coins. These cryptocurrencies are based on memes -- in Dogecoin's case, the "doge" meme that was popular back then --...