Crypto News

- 3 Cryptos That Could Be About to Soar as Stablecoin Adoption Grows Key Points As stablecoin issuers scale up, more dollars are living on public blockchains, and that extra liquidity tends to flow into the ecosystems best equipped to put it to work. Given that the value of the stablecoin market just set fresh highs, with total supply around $270 billion and up roughly 5% in the last month, there's no time like the present for the best-positioned chains to be capturing billions of inflows. In my view, the biggest beneficiaries of the growth in stablecoin value are likely to be Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), and XRP (CRYPTO: XRP), and more or less in that exact order. Here's how this could play out and why. With...

- Key Points It may feel as if cryptocurrencies have been around forever, considering how much of the news cycle they consume. In reality, they have only been around for a little more than 15 years, with Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, having been created at the very beginning of 2009. That means there's still a lot we don't know about this burgeoning sector. It also means that cryptocurrencies could be very appealing for younger investors, who can afford to be more aggressive. Now, that doesn't mean this group should invest a majority of their portfolios in cryptocurrencies. It means that they can allocate a smaller percentage of capital and hopefully experience meaningful gains over time. Here are three...

- The Highest-Upside Cryptocurrency to Buy With $1,000 Key Points If you are looking for a high-upside cryptocurrency, consider XRP (CRYPTO: XRP). Currently trading at $3.08 (as of Aug. 14), XRP is up more than 400% since November. The positive growth catalysts for XRP continue to emerge. All this makes XRP potentially the best high-upside cryptocurrency you can purchase with $1,000. Let’s take a closer look. Price Targets for XRP One way to gauge how much further XRP might rise this year is by considering online prediction markets, where people trade based on their expectations for cryptocurrency prices such as XRP. Currently, prediction markets give XRP a 65% chance of reaching $4 this year and a 29% chance of hitting $5...

- Should Investors Be Worried About XRP's Pullback? Key Points The huge summer rally for XRP could be coming to an end soon. On June 21, XRP was trading for just $2. Just 30 days later, it hit a 52-week high of $3.65. Since then, however, it has pulled back to the $3 level. Typically, this would be a buy-the-dip opportunity for XRP investors. But a number of warning signals are now flashing red, and investors are understandably concerned. What's priced into XRP right now? In many ways, crypto prices are similar to stock prices. They should reflect investor expectations, based on all publicly available data. Right now, it looks like the market has already priced in many of the growth catalysts that were supposed to send XRP higher...

- Key Points In every financial era, there's a new tool that becomes indispensable. Stablecoins look to be next in line for that, and that shift is already appearing in the data. The aggregate market value of dollar stablecoins is near $270 billion, with steady growth during the past month, which tells you where on-chain liquidity prefers to live when it wants speed and certainty. Some stablecoin issuers now have reserves in excess of major equity brokerages. This matters because stablecoins are migrating from being a handy crypto accessory to behaving more like operating cash, though key differences remain. Let's investigate why smart money is quickly adapting and becoming more fluent with using this new financial instrument...

- 2 ETFs That Give You Exposure to the Latest Trends in Tech Key Points Keeping up with the latest tech trends can be challenging, but doing so can allow you to rake in significant returns in the long run. The problem, however, is that even if you find the next big area of tech to focus on, you also have to decide which stock to buy, since not every business involved is going to be a winner. Ultimately, you can be left with a fairly complex and time-consuming process in order to find the next promising tech stock to own. This is where utilizing an exchange-traded fund (ETF) can be a great option. ETFs can be used to track the S&P 500 and give you a position in hundreds of stocks. They can also allow you to focus on specific themes...

- XRP fell sharply in the last 24 hours as large-scale liquidations swept through the market, pushing the token to its lowest levels in over a week before signs of stabilization emerged. The move saw over $1 billion in market-wide liquidations and record intraday selling volume, testing critical institutional support near $3.05. Despite the drop, late-session buying hints at renewed accumulation from large holders as selling pressure eased. News Background Price Action Summary Technical Analysis What Traders Are Watching This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/news/xrp-sheds-7-437m-sell-051347638.html

- Asia Morning Briefing: ETH's Bullrun Meets Early Signs of Selling Pressure Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. As Hong Kong begins its trading day, ETH is changing hands above $4600, down 3% on-day. As ETH is up nearly 16% in the last week, and 45% in the last month, this probably isn't a concern for most traders. After all, the ETH/BTC ratio has broken above its 365-day moving average, a signal that has historically marked extended periods of ETH outperformance, and spot ETF flows are reinforcing the move. However, the same data shows early warning signs of near-term cooling...

- Treasury Chief Bessent reverses stance, says U.S. will buy Bitcoin In a sharp reversal from remarks made just 24 hours ago, U.S. Treasury Secretary Scott Bessent now says the federal government is committed to exploring ways to acquire more Bitcoin for its Strategic Bitcoin Reserve. In a post on X (formerly Twitter), Bessent wrote: The shift comes less than a day after Bessent told Fox Business that the U.S. had no plans to purchase additional Bitcoin, opting instead to rely solely on confiscated assets. At the time, he said: That earlier stance had disappointed crypto investors, many of whom saw government buying as a potential catalyst for higher prices. The new message appears to reopen the door to federal acquisitions —...

- Crypto Analyst Says Dogecoin Could Repeat 2021 Cycle to Hit Around $7 Popular crypto expert, known as @CryptoKaleo on X, is eyeing a Dogecoin breakout soon enough. The pseudonymous expert shared a price analysis chart on X on Aug. 13, which showed similarities between the 2021 and current cycles. @CryptoKaleo highlighted that in January 2021, Dogecoin dipped in value following months of accumulation within a descending range. But the move was followed by a sharp breakout, which saw the meme coin surging by more than 8,000% to reach an all-time high (ATH) of $0.7376 on May 8, 2021. The analyst argued that DOGE is ready to make a similar move to that of January 2021, which he hopes will trigger the next epic breakout. Well, the...

- Crypto exchanges should block users from cashing out tokens with low ‘compliance scores,’ BIS researchers say In a new paper, researchers at the Bank for International Settlements proposed a solution to a problem that has long bedeviled the crypto industry: how to enforce money laundering regulations on permissionless blockchains. Blockchains’ key attribute — their permissionless nature — has long been their greatest weakness, according to skeptics in public policy circles. Just like surfing the web, transacting on a blockchain is open to anyone with an internet connection, no signup required. Blockchains promise to level the financial playing field and “bank the unbanked.” But they have also frightened lawmakers who believe the...

- Scott Bessent Suggests Government Bitcoin Purchases Remain a Possibility Treasury Secretary Scott Bessent began Thursday by dashing the hopes of at least some bitcoiners, saying the Strategic Bitcoin Reserve would be made up of the $15 billion to $20 billion already held by the government, but that there was no intention of making any fresh purchases. He ended the day, however, by seemingly contradicting those remarks, saying his department is "committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve." The fresh buys would be in addition to tokens forfeited to the government, which will be the “foundation” of the reserve, Bessent said. U.S. President Donald Trump signed an executive order in...

- Key Points Shiba Inu (CRYPTO: SHIB) is moving lower on Thursday. The cryptocurrency was down 7.3% over the past 24 hours of trading as of 5:15 p.m. ET -- a stretch that also saw Bitcoin fall 3.9% and Ethereum fall 4.4%. Shiba Inu is seeing a valuation contraction today as a result of the latest Producer Price Index (PPI) report from the Bureau of Labor Statistics (BLS). PPI tracking showed inflation of 3.7% in July -- a level that came in substantially higher than the 3% range that economists had been expecting. Core PPI, which backs out the food and energy categories, increased at a 0.9% sequential monthly rate, the highest jump seen since 2022. The latest inflation report is making investors think that the Federal Reserve could...

- Key Points Dogecoin (CRYPTO: DOGE) is experiencing bearish pressures, seeing an 8.4% price drop over the previous 24 hours as of 4 p.m. ET. In the same period, Bitcoin was down 3.8%, and Ethereum declined by 4%. Dogecoin's valuation declined after the Bureau of Labor Statistics released its Producer Price Index (PPI) report for July, which showed a 3.7% inflation rate—up 0.9% from June and higher than the anticipated 3%. This has led to sell-offs in the cryptocurrency market. Inflation data is dragging Dogecoin lower The July uptick in PPI inflation represents the highest increase since 2022, raising concerns the Federal Reserve might delay rate cuts at its upcoming September meeting. Recent anticipation of rate cuts fueled...

- Key Points XRP is seeing substantial sell-offs in Thursday's trading in response to macroeconomic news. The cryptocurrency's token price was down 5.3% over the past 24 hours of trading as of 3:40 p.m. ET. Over the same period, Bitcoin had fallen 3.3% and Ethereum was down 3.3%. XRP is falling today after the latest round of inflation data has caused investors to become less optimistic about the outlook for interest rate cuts this year. The Producer Price Index (PPI) showed a much higher inflation level than had been anticipated, and the report is causing valuation pullbacks for cryptocurrencies and stocks. XRP is sinking today on inflation news The Bureau of Labor Statistics (BLS) published its PPI report for July this morning...

- This Penny Stock Is Betting Big on the Animecoin Crypto. Should You Buy It Here? Penny stocks often offer high-risk, high-reward opportunities for investors willing to bet on emerging trends before they hit the mainstream. These low-priced shares can deliver explosive gains if the underlying company executes well and capitalizes on a fast-growing market. One such intriguing play right now is GameSquare (GAME), which is making a bold pivot into the world of cryptocurrency and Web3. The company recently announced it will add Animecoin (ANIME-USD), a digital asset tied to anime production and Web3 strategy, to its treasury as part of a $2.5 million revenue agreement. In addition, GameSquare will serve as the agency of record for the...

- Crypto Investors Remain Bullish Investors in cryptocurrencies and crypto-related companies have been risk-on of late. Delta Blockchain Fund founder and General Partner Kavita Gupta discusses the opportunities and perils in the market right now. She joins Caroline Hyde and Ed Ludlow on "Bloomberg Tech." This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/crypto-investors-remain-bullish-185032337.html

- Why Is Everyone Talking About Lyft? Key Points Lyft (NASDAQ: LYFT) has often been in the shadow of Uber, questioned for its profitability, and overlooked by investors. By 2025, this narrative began to change as Lyft showcased strong quarterly results with record bookings, positive GAAP earnings, and substantial free cash flow, catching the attention of investors. How Lyft Makes Money Lyft operates a two-sided marketplace by connecting riders and drivers through its app, earning most of its revenue from commissions on rides. The company’s asset-light model avoids owning vehicles, keeping capital requirements low but demanding constant competitiveness to retain riders and drivers. While Uber offers a more diverse range of services...

- The US ‘won’t buy’ more Bitcoin, says Treasury Secretary The US will continue to build up its strategic Bitcoin reserve, but only through confiscations. “To get into the 21st century, we’ve started a Bitcoin strategic reserve,” US Treasury Secretary Scott Bessent told Fox Business on Thursday, but he added that the country won’t buy “anymore of that.” Bessent’s words come as the amount of Bitcoin the US holds has come under question. In mid-July, US Senator Cynthia Lummis, a staunch Bitcoin advocate and co-author of a Strategic Bitcoin Reserve bill, sounded the alarm after reports suggested the US may own less than 29,000 Bitcoin — a fraction of the 200,000 Bitcoin cited in earlier estimates. “If true, this is a total strategic...

- Why Dogecoin Is Sinking Today The cryptocurrency Dogecoin (CRYPTO: DOGE) is moving lower today, down 7.9% in the last 24 hours as of 1:13 p.m. ET Thursday. The drop comes as the S&P 500 and Nasdaq Composite both fell slightly. Dogecoin is falling today along with the rest of the crypto market after comments from U.S. Treasury Secretary Scott Bessent sent Bitcoin lower. The U.S. Won't Buy Bitcoin Bessent appeared on Mornings with Maria on Fox Business, saying that the federal government has no plans to purchase more Bitcoin to add to its strategic reserve, instead relying on what has already been confiscated through law enforcement actions. Bessent said: "We've also started to get into the 21st century, a Bitcoin Strategic...