Crypto News

- Brevan Howard, Goldman Sachs and Harvard Lead Billions in Bitcoin ETF Buying Spree Wall Street ramped up its exposure to bitcoin in the second quarter, adding positions not only in spot bitcoin exchange-traded funds (ETFs) but also in U.S. stocks closely tied to the cryptocurrency’s price, according to new filings with the Securities and Exchange Commission (SEC). Brevan Howard nearly doubled its position in BlackRock’s iShares Bitcoin Trust (IBIT) during the second quarter, according to a securities filing. The macro-focused hedge fund held 37.9 million shares at the end of June, up from about 21.5 million in March. The stake was worth more than $2.6 billion based on IBIT’s closing price on June 28, making Brevan Howard one of...

- Klook Taps Banks for US IPO, Sources Say Klook, a travel booking services company, has hired investment banks to help arrange a potential initial public offering in the U.S., according to two people with knowledge of the matter. The Hong Kong-based company, backed by investors including SoftBank Group and Goldman Sachs Group, is working with bankers at Goldman, Morgan Stanley, and JPMorgan on the planned first-time share sale, said the people, asking not to be identified as the process is private. The deal could come as early as this year and raise around $500 million, they said, cautioning that the timing and deal size are subject to market conditions. U.S. IPO activity has gained momentum, bolstered by strong tech earnings and...

- 4 Ways To Scam-Proof Yourself When Getting Into Crypto Investing Though you scroll through investing news on your phone every morning, checking the stocks as you stir your coffee, you’ve been a little leery of crypto. You’ve heard a lot of hubbub about people being taken advantage of, or outright scammed. Yet, you’re even more leery of leaving money on the table. And at this point, you know that crypto is here to stay. Time to get started — but safely, of course. Fortunately, there are ways to start investing in cryptocurrencies that can limit your risk of being scammed. GOBankingRates chatted with some experts to find out more how you can dip your toe into crypto investing without getting taken away by the current of fraud...

- Bitcoin Mining Profitability Rose 2% in July Amid BTC Price Rally, Jefferies Says Bitcoin (BTC) mining profitability increased 2% in July as the price of the world's largest cryptocurrency rose 7% while the network hashrate jumped 5%, investment bank Jefferies said in a research report. "We see positive BTC price momentum as most favorable for Galaxy's (GLXY) digital assets business, while miners fight a rising network hashrate," an analyst wrote. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. It is measured in exahashes per second (EH/s). U.S.-listed mining companies mined...

- Chainlink’s LINK token jumped 18% to $26.05 on Sunday, according to CoinDesk Data, outpacing the top 50 cryptocurrencies by percentage gain as analysts and traders cited momentum and recent fundamental catalysts. What Analysts Are Saying Altcoin Sherpa described LINK as “one of the best coins right now,” pointing to chart strength that could carry toward $30. He explained that round-number levels like $30 often act as psychological barriers where sellers take profits, so traders should be cautious about chasing the move too late. Zach Humphries, another analyst, argued that LINK remains “very undervalued” at current prices. He emphasized that Chainlink underpins much of decentralized finance by delivering the price feeds and...

- Bitcoin Steadies at $118K as Analysts Flag Deeper Pullback Risks and Altcoin Rotation Bitcoin (BTC) hovered near $118,348 on Sunday, up 0.39% in 24 hours, as two analysts outlined paths that could test traders’ nerves: a dip toward $108K–$112K or a drawn-out range with room for altcoins. Support Levels Lark Davis argues that if bitcoin continues to slide, the most likely landing zone is $108,000–$112,000. That range served as a ceiling earlier this year when bitcoin’s rally stalled, and in market psychology, levels that once blocked price often flip into support when revisited. He emphasizes that this area also aligns with two classic pullback checkpoints known as the 50% and 61.8% Fibonacci retracements. These measures, drawn...

- State of Crypto: Do Kwon Pleads Guilty Terra/Luna creator Do Kwon pleaded guilty to one charge of conspiring to commit fraud and one charge of wire fraud on Tuesday, following an earlier not guilty plea and a very lengthy extradition process. Terraform Labs founder Do Kwon, who created the TerraUSD (UST) stablecoin and its counterpart Luna (LUNA) token, pleaded guilty to conspiracy to commit securities, commodities, or wire fraud and wire fraud. Why it matters Terra and its related ecosystem blew up in spectacular fashion in 2022, with Luna falling from an all-time high price of nearly $120 to less than 10 cents over the course of five weeks. UST broke its peg, and the event was the first domino in the various other crypto...

- Key Points When most people begin investing, their portfolios consist solely of the basics -- stocks, bonds, and cash. Cautious newcomers might even sidestep individual stock picking in favor of passive vehicles like exchange-traded funds (ETFs) or mutual funds. Over time, as investors gain confidence and learn more sophisticated strategies, they might branch out into alternative assets such as real estate, commodities, or collectibles. In recent years, however, a new contender has entered the alternative asset conversation: cryptocurrency. Both prominent stock market personalities and institutional funds have embraced the idea of digital assets as a slice of diversified portfolio allocation. While heavyweights such as Bitcoin and...

- Key Points It's impossible to argue with Bitcoin's (CRYPTO: BTC) performance. Over the past five- and 10-year periods, its price has soared 942% and 47,330%, respectively (as of Aug. 14). The gains have continued more recently, as the cryptocurrency's price is up 104% just in the last 12 months. Bitcoin now trades close to its record price. After such a monumental historical rise, investors are probably wondering if it's smart to buy this top digital asset. In my opinion, it's easy to remain bullish. Here's one must-know reason why now is the time to buy Bitcoin. Bitcoin has a fixed supply The top reason to buy Bitcoin now is because this leading cryptocurrency has a fixed supply cap. There will only ever be 21 million units in...

- Key Points Each quarter, investors anxiously await Warren Buffett's company, Berkshire Hathaway, filing its 13F filing with the Securities and Exchange Commission, divulging what stocks Berkshire held at the end of the quarter, and, therefore, what stocks the company bought and sold in any given quarter. Investors are always looking for a glimpse into the genius of Buffett and his team of investors, especially with Buffett set to step down as CEO of the company at the end of the year. While Berkshire has been quiet in recent quarters, the large conglomerate made some notable moves in the second quarter. Berkshire recently sold some shares in two of its largest positions, while piling into an embattled healthcare stock that has...

- Key Points Cryptocurrencies are having a moment. Bitcoin recently hit an all-time high, while the United States is passing legislation and embracing these new digital assets as a part of the financial world, which is driving further investor interest. This does not mean cryptocurrencies are good investments in the fundamental sense, though. Why? Because cryptocurrencies do not generate earnings or cash flow. Growth in earnings and cash flow are what drive stock prices over the long term. Everything else is just hope. Here are two technology stocks -- Shopify (NASDAQ: SHOP) and Coupang (NYSE: CPNG) -- with more potential than any cryptocurrency because of their potential for free cash flow growth. Shopify's insatiable growth...

- On Aug. 14, Bitcoin (CRYPTO: BTC) surged to a new all-time high above $124,000. The world's most popular cryptocurrency is now up nearly 30% for the year and appears poised for further gains, based on improving market sentiment for crypto. But can Bitcoin soar even higher, to $150,000? To answer that question, it's important to consider what's powering it. Catalysts for Bitcoin There are several different catalysts pushing Bitcoin higher right now. One of them, of course, is the recent executive order from the White House that will open the door for crypto to be included in 401(k) plans. This is expected to unlock trillions of dollars in new capital, a big chunk of which will likely flow into Bitcoin. Another key factor is...

- Monero hashrate tug-of-war eases as Qubic loses 51% dominance An attempted power grab has tested the decentralisation of one of crypto’s most private blockchains. And it may not be over yet. Qubic, a mining pool tied to IOTA co-founder Sergey Ivancheglo, no longer holds a majority of the hashrate on the Monero network after briefly surpassing the critical 51% threshold earlier this week. The decline marks a temporary easing in what has become an escalating contest over the future of Monero’s network control. According to data from MiningPoolStats, Qubic’s share has since dropped to just over 35%. The episode prompted crypto exchange Kraken to pause XMR deposits on Friday “as a security precaution,” citing concerns over a single...

- Is XRP About to Hit a New All-Time High? If you have ever hiked a mountain with a few false summits, you know the moment: You crest the ridge, take in the view, then notice a slightly higher peak ahead. That's where XRP (CRYPTO: XRP) might be today. On July 18, XRP marked a fresh all-time high of about $3.65, and the coin has gained 440% during the past 12 months. That makes the idea of doing the same thing again less of a fantasy and more of a reasonable scenario for investors to weigh, especially if the tailwinds supporting the coin's price continue or even accelerate. Let's consider the coin's chances of beating its prior record price. Why another new high is very plausible in the near term The coin making new highs might grab...

- President Donald Trump’s media group, Trump Media, made headlines in July when it purchased a staggering $2 billion in bitcoin and securities. Trump Media’s Plan Devin Nunes, CEO and president of Trump Media, described the purchase as a means to “[rigorously implement] our publicly announced strategy and fulfilling our bitcoin treasury plan. These assets help insure our company’s financial freedom, help protect us against discrimination by financial institutions, and will create synergies with the utility token we’re planning to introduce across the Truth Social ecosphere.” Trump Media’s massive bitcoin purchase not only shored up enough crypto to facilitate the company’s bitcoin treasury plan, it also gave shares of Trump Media a...

- Does Circle's Latest Move Threaten XRP? The average trip on an airplane isn't really in competition with the average trip on a train or a subway. Most of the time, they serve different kinds of travelers. But sometimes, the routes overlap enough to matter, and in rare cases, the infrastructural advantages of a new train line can put a dent in plane ticket bookings. This is basically the right mental model for reading Circle Internet Group's (NYSE: CRCL) announcement of Arc, a new Layer-1 (L1) blockchain designed around stablecoin finance. For holders of XRP (CRYPTO: XRP), the potential overlaps between Arc and the XRP Ledger (XRPL) are with payments, foreign exchange (FX) and international money transfers, and transaction...

- Got $500? 2 Cryptocurrencies to Buy and Hold for Decades Key Points It's understandable why many first-time crypto investors experience sticker shock when they start thinking of investing in the crypto market. Bitcoin (CRYPTO: BTC) is now trading for almost $120,000. And Ethereum (CRYPTO: ETH), the world's second-largest cryptocurrency, is now trading for more than $4,000. However, there's an easy, no-brainer way to gain exposure to both of these top cryptocurrencies for $500 and still have some money left over. Here's how to do it. Spot crypto ETFs If you choose to invest directly in the crypto market, $500 will only get you about .004 BTC or .1 ETH. There's nothing wrong, of course, with holding fractional amounts of these...

- Thailand pitches crypto-to-baht QR payments sandbox to revive slowing tourism Crypto users might be tempted to cash in on near-peak prices in the Land of Smiles as early as this month, as regulators plot out a new payments sandbox. Thailand’s government is reportedly preparing to unveil the TouristDigiPay initiative that would allow foreign visitors to convert digital assets into Thai baht for use at local merchants. According to local news outlet The Nation, a formal announcement is expected on Monday, during a press briefing led by Finance Minister Pichai Chunhavajira and other top officials. While no official list of eligible cryptocurrencies has been publicly released for the scheme, it’s likely limited to tokens already...

- Can XRP Hit $5 This Year? Key Points Year to date, XRP (CRYPTO: XRP) is up a robust 54%, making it the top-performing major cryptocurrency. Even Bitcoin (CRYPTO: BTC), up 29%, and Ethereum (CRYPTO: ETH), up 41%, are having a difficult time keeping up with XRP. Obviously, XRP has a lot of momentum right now. But does it have enough momentum to hit $5 from its current price of $3.20? Doing so would require XRP to soar another 56% by the end of the year. Let's see if the math checks out. What do online prediction markets say? One clue comes from online prediction markets, where people are trading each day, based on where they think the price of XRP is heading this year. Right now, on the Kalshi prediction market, traders think XRP...

- 3 Best ChatGPTs for Investors ChatGPT is in the process of rolling out its latest-and-greatest model, ChatGPT 5, while the investment world continues to trudge on despite considerable macroeconomic headwinds and overall turbulence. For years now, ChatGPT has been leveraged by artificial intelligence (AI)-savvy investors looking to solidify their holdings while also seeking out new opportunities. However, support for plug-ins was discontinued earlier this year, with OpenAI pivoting to incorporate the functionality of plug-ins into a variety of curated GPT models (found under the GPTs tab when using the ChatGPT interface) which can be of great utility for investors — below are a few examples. Finance and Economics – Stock, Crypto...