Crypto News

- Toronto-Dominion Bank (TD) Rises Yet Lags Behind Market: Some Facts Worth Knowing Toronto-Dominion Bank (TD) closed at $74.38 in the latest trading session, marking a +1% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.52%. Elsewhere, the Dow saw an upswing of 1.89%, while the tech-heavy Nasdaq appreciated by 1.88%. Shares of the retail and wholesale bank have depreciated by 1.63% over the course of the past month, underperforming the Finance sector's gain of 1.71%, and the S&P 500's gain of 1.1%. Upcoming Earnings Performance The investment community will be paying close attention to the earnings performance of Toronto-Dominion Bank in its upcoming release. The company is slated to...

- Key Points Cryptocurrencies are controversial. Some investors think they are the future, while others see a scam. The big ones like Bitcoin and Ethereum experience growing acceptance in the investment community and even on Wall Street. However, for the rest of the cryptoverse, the jury is still out. One cryptocurrency that has captivated the market this year is the world's third-largest cryptocurrency, XRP. XRP has been on a huge run since Donald Trump got elected president last November. Investors correctly assumed that Trump would install new leadership at the Securities and Exchange Commission (SEC) that would lead the agency to drop an appeal in a long-standing lawsuit against Ripple, the company behind XRP. Aside from the big...

- Coinbase CEO explains why he fired engineers who didn’t try AI immediately It’s hard to find programmers these days who aren’t using AI coding assistants in some capacity, especially to write the repetitive, mundane bits. But those who refused to try the tools when Coinbase bought enterprise licenses for GitHub Copilot and Cursor got promptly fired, CEO Brian Armstrong said this week on John Collison’s podcast “Cheeky Pint.” (Collison is the co-founder and president of the payments company Stripe.) After getting licenses to cover every engineer, some at the cryptocurrency exchange warned Armstrong that adoption would be slow, predicting it would take months to get even half the engineers using AI. Armstrong was shocked at the...

- Key Points After an impressive rally in July, when it hit a new 52-week high, XRP (CRYPTO: XRP) is once again struggling to regain momentum. Over the past 30 days, XRP is down a stunning 20%. By way of comparison, Ethereum (CRYPTO: ETH) is up 10% over that same time period. Admittedly, August is often a rough month for cryptocurrencies, so maybe XRP's recent underperformance is nothing to be worried about. But what if it's the early warning signal of things to come? Let's take a closer look at what's behind XRP's recent weakness. The return of regulatory uncertainty One key concern is the unexpected return of regulatory uncertainty. Earlier in the month, all of the regulatory issues swirling around XRP were supposed to be over...

- Is XRP a Millionaire Maker? Key Points Between 1848 and 1855, thousands of people flocked to California in what became known as the California Gold Rush. Some, but not all, became wealthy as they staked claims to promising goldfields. There's something similar going on today. Many individuals are drawn to cryptocurrencies in the hopes of becoming wealthy. XRP (CRYPTO: XRP) ranks among the most popular. Is this crypto token potentially a millionaire maker? What it would take Before we attempt to answer this central question, let's first examine what it would take for XRP to make a cool $1 million. There's an old joke that the easiest way to make $1 million is to start with $2 million. This isn't the approach any investor would...

- Key Points In investing, time often beats timing. Your 20s give you the one asset money cannot buy, which is years of time, during which you can make steady contributions to your portfolio, which then can become years of potential growth. One of the most important tricks to making the most of your time ahead is picking a small set of assets, then letting discipline do the heavy lifting. Two cryptocurrencies are ideal for long-term holding, specifically Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). Both have clear, durable reasons they are likely to rise in value over long horizons, and both reward boring habits like dollar-cost averaging (DCAing), which simply means investing the same amount on a regular schedule. Here's how...

- Key Points Dogecoin (CRYPTO: DOGE) was created in 2013 by two friends who thought the cryptocurrency industry was taking itself too seriously. They used the popular Doge meme as inspiration, and thus Dogecoin became the world's first meme token. Despite its founders calling the whole exercise a joke, Dogecoin's market capitalization soared to over $90 billion in 2021 as speculative investors flooded into the crypto space in search of quick returns. Unfortunately, such frenzies never last, and the meme token had lost more than 90% of its peak value by mid-2022. After a directionless couple of years, Dogecoin found its feet again when Donald Trump won the presidential election last November. He promised to create an ideal...

- Key Points Whether you're new to investing in the stock market or you simply don't know which stocks to invest in today, a low-cost exchange-traded fund (ETF) can drastically simplify your investing strategy. By just holding a diversified ETF in your portfolio that charges minimal fees, you can put yourself in a great position to grow your wealth. And over time, you can invest more money into the fund to accelerate your portfolio's growth. A big advantage of investing in an ETF (versus picking individual stocks) is that it can easily provide you with much more diversification than you could achieve on your own. That means less risk tied to individual stocks, and you can still benefit from the market's long-term growth. A fund that...

- Federal Reserve Chair Jerome Powell Just Gave S&P 500 Investors Great News In the days leading up to the annual Jackson Hole Economic Policy Symposium, all eyes were firmly on Federal Reserve Chair Jerome Powell and his speech on Aug. 22. All month, investors have been back and forth on whether the Fed will cut interest rates at its September meeting. At one point, the market seemed certain. Then the market started to let doubts creep in, as the economic data has collectively been hard to interpret. During his highly anticipated speech, Powell gave investors and the S&P 500 exactly what they wanted to hear. The Federal Reserve's dilemma Powell and the Federal Open Market Committee (FOMC) have had a difficult task over the past...

- Key Points Robinhood (NASDAQ: HOOD) has surged 810% since the start of 2023. This meteoric rise is notable, considering the company's struggles a few years back. Robinhood's impressive turnaround has been led by CEO Vlad Tenev, who has been working to reshape the company into a global trading platform tailored for the next generation of investors. With the stock's recent performance, investors are curious: Could buying shares today lead to millionaire status? Robinhood's Platform Growth Is Staggering A few years back, Robinhood faced intense scrutiny from regulators and customers alike. There were fears that the SEC would crack down on its "payment for order flow" business model. Fast forward to today, and Robinhood has enhanced...

Key Points Brookfield Asset Management (NYSE: BAM) isn't a household name in the United States. That makes sense given that it is a Canadian company. However, if management can live up to its goals, that could change in the next five years. Here's why, and why you might want to jump aboard Brookfield Asset Management's big growth plan. What does Brookfield Asset Management do? Brookfield Asset Management is, as its name indicates, an asset manager. That basically means that it collects money from others and invests that cash on their behalf. It doesn't do this out of the kindness of its heart, it charges fees based on the amount of cash it is managing. For most asset managers, the key figure to watch is assets under management...

- Key Points Few people command as much attention in the investing world as famed investor Warren Buffett. And when you look at his personal success and the success of Berkshire Hathaway -- a company that he's led since 1965 -- it's easy to see why. Buffett has amassed a net worth of over $140 billion, which is more than the market cap of companies like Lowe's, Capital One, and Nike. And Berkshire? Well, it's the world's 11th-largest public company, with a market cap of over $1 trillion (as of Aug. 19). So, when Buffett and Berkshire make investing moves, people tune in. A recent move that people have taken note of is Berkshire reducing its stake in Bank of America, a company it has been invested in since Aug. 2011. Bank of America...

- Visa's terrific business model Millions of credit and debit cards in circulation are branded with Visa's logo. That might lead some to think that the company issues these cards itself. But that's not the case. Visa owns a payment network that facilitates card transactions. It serves as an intermediary between merchants, their banks, and the financial institutions that do issue credit cards to consumers, also known as issuing banks. When people swipe (or tap) their cards at a point-of-sale system, their information is routed through Visa's network and approved or rejected based on various details. Visa gets a fee as a percentage of the transaction amount for its role in all this. So, the more transactions, the more money the company...

- High-yielding dividend stocks often face skepticism. While a robust dividend yield can signal a greater risk of a future payout cut, this isn't always true. Several higher-yielding dividend stocks deliver consistent, reliable income to investors. Here are five high-quality companies with ultra-high-yielding payouts to buy for safe dividend income in 2025 and beyond. Clearway Energy Clearway Energy (NYSE: CWEN)(NYSE: CWEN.A) offers a dividend yield approaching 6%, several times higher than the S&P 500's (SNPINDEX: ^GSPC) 1.2% yield. The clean power producer backs its payout with stable cash flow. It sells the electricity produced by its wind, solar, and gas assets to utilities and large corporate power buyers under long-term...

- Ethereum Bets See Unusually High $400M Liquidations as Some Now Target $10K ETH Ethereum’s breakout past $4,800 triggered nearly $388 million in liquidations tied to the token in the past 24 hours, marking the heaviest flush across all crypto assets. The wipeout was part of $769 million liquidated marketwide, with over 183,000 traders forced out of positions. The single biggest hit was a $10 million ETH swap order on OKX, an unusually high figure for the token, which is often second to bitcoin-based positions. Liquidations serve as a stark reminder of how fragile positioning can be in the crypto market. When traders pile in with leverage and the market moves against them, exchanges step in and automatically close those bets. A...

- Volatility Up and Down as The Market Rotates But humans are accustomed to regular, rotational changes. We’re used to seasons changing. We’re used to markets shifting too. Single Largest Decline Since March Right now, we’re witnessing volatility up and down as the market rotates. It started right when the calendar flipped to August, and the SPDR S&P 500 ETF Trust (SPY) fell hard: All major indices fell. The S&P 500 dropped 1.6% – its single largest decline since March. This was foreshadowed by our Big Money Index (BMI), which is a 25-day moving average of Big Money flows. The BMI showed buying was fading. It fell to levels not seen since May: Hence, there’s a change in character under the surface. But it’s not all that...

- Chainlink's LINK Rallies 12% to New 2025 High Amid Token Buyback, Broader Crypto Rally Oracle network Chainlink's (LINK) native token sharply rebounded with the broader crypto market following Federal Reserve Chair Jerome Powell's dovish remarks in Jackson Hole, Wyoming. LINK rallied 12% over the past 24 hours, hitting $27.8, its strongest price since December. Bitcoin (BTC) appreciated 3.5% during the same period, while the broad-market CoinDesk 20 index jumped 6.5%. In protocol-specific news, Chainlink obtained two major security certifications this week: ISO 27001 and a SOC 2 Type 1 attestation, marking a first for a blockchain oracle platform. The audits, carried out by Deloitte, covered Chainlink’s price feeds...

- Bitcoin Price to Hit $1.3M by 2035, Says Crypto Asset Manager Bitwise Crypto asset manager Bitwise is betting big on bitcoin’s (BTC) future, projecting that the next decade will mark a period of outsized growth for the world’s largest cryptocurrency. In a report published Thursday, Bitwise analysts predicted that bitcoin could become the best-performing institutional asset over the next 10 years, with its price climbing to $1.3 million by 2035. The prediction comes at a time when the bitcoin price has reached new all-time highs and is trading above $100,000 amid better regulatory clarity, and more institutional investors are jumping into the sector. Bitwise's new price prediction implies a compound annual growth rate of 28.3%...

- Crypto traders bought the dip in several Ethereum staking tokens on Friday, lifting the likes of lido (LDO) and ethena (ENA) up by 14% and 15%, respectively. The gains follow a week-long decline that took place alongside a rapid shift in sentiment, which is typically a signal to buy. Lido and ethena are returning to last week's highs after an early August rally spurred by the U.S. Securities and Exchange Commission's statement that liquid staking protocols aren't securities. The SEC's statement was viewed as bullish for the decentralized finance (DeFi) ecosystem, in particular for Ethereum-based protocols that depend on staking mechanisms to generate a yield. The clarity also opened the floodgates for institutions, with Figment's...

- SharpLink Gaming can repurchase up to $1.5 billion worth of common stock under a newly authorized repurchase program, the Ethereum treasury firm said in a blog post on Friday. With a market cap of $3.5 billion, that would be almost half of the company’s value, but Co-Chief Executive Officer Joseph Chalom described the program as a potential resource for instances when the company’s shares trade a discount to its Ethereum holdings. “In this scenario, the accretive course of action may be to repurchase our common stock,” he said in a statement. “This program provides us with the flexibility to act quickly and decisively if those conditions present themselves.” SharpLink shares surged more than 15% on Friday to $20.87 amid a wider...