Crypto News

- Why Cryptocurrency OKB Has More Than Doubled This Week Key Points Since last Friday, OKB (CRYPTO: OKB), the native cryptocurrency of the crypto exchange OKX, has risen close to 108% as of 1:22 p.m. ET Thursday. The main reason for the move is because OKX plans to eliminate tens of millions of OKB tokens. A Key Part of One of the Largest Crypto Exchanges The San Jose-based OKX crypto exchange is the second-largest cryptocurrency exchange in the world based on daily trading volume. In 2018, the exchange launched a native token called OKB with a fixed supply of 300 million that is regularly reduced through burning and repurchases. OKB started as an ERC-20 token, meaning it was built on Ethereum's blockchain, but later started...

- Why Shiba Inu Is Sinking Today Key Points The cryptocurrency Shiba Inu (CRYPTO: SHIB) is falling today, down 6.9% in the last 24 hours as of 12:54 p.m. ET. The leg down comes as the S&P 500 and Nasdaq Composite were both down modestly. No additional Bitcoin according to Bessent U.S. Secretary of the Treasury Scott Bessent sent Bitcoin lower after he confirmed the federal government would not look to buy Bitcoin to add to its strategic reserve. The rest of the crypto market followed. On Fox Business this morning, Secretary Bessent said the government has no plans to buy additional Bitcoin for its strategic reserve. Instead, he confirmed it will build the reserve from coins already seized in law enforcement actions and stop...

- Key Points Applied Digital (NASDAQ: APLD) stock had its initial public offering (IPO) in April 2022, although the company was known as Applied Blockchain at the time of its public debut. The company's share price has seen some big swings in the intervening years, but it has also delivered big wins for patient investors. Applied Digital stock closed out its first day of trading after its IPO priced at $4.85 per share. A purchase of 100 shares at that price would have been equivalent to an investment of $485. Compared to Applied Digital's stock price at market close on the day of its public debut, the company's share price is now up roughly 205%. That means that an investor who purchased 100 shares of the company's stock at its IPO...

- Citigroup considers custody and payment services for stablecoins, crypto ETFs NEW YORK (Reuters) - Citigroup (C) is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business. The U.S. bank is among a handful of traditional institutions, including Fiserv and Bank of America, considering pushing into stablecoins after Congress passed a law paving the way for the crypto tokens to become widely used for payments, settlement, and other services. Stablecoins are cryptocurrencies pegged to a fiat currency or another asset, commonly the U.S. dollar. That law requires...

- Bitcoin sinks following hotter-than-expected inflation print, Bessent comments on strategic reserve Bitcoin (BTC-USD) retreated more than 3% from its record highs on Thursday after hotter-than-expected inflation soured expectations of a large rate cut in September and Treasury Secretary Scott Bessent signaled the US won't be purchasing bitcoin for its strategic reserve. On Wednesday, bitcoin touched an all-time high past $123,500 per token in anticipation of looser monetary policy and corporate purchases. Crypto rolled over after July's Producer Price Index came in much higher than expected. During an interview, Bessent said US reserves of bitcoin amount to around $15 billion or $20 billion at today's prices. "We've also started...

- Bitcoin slips as U.S. rules out buying for strategic reserve Bitcoin prices fell sharply on Aug. 14 after U.S. Treasury Secretary Scott Bessent said the government has no plans to purchase additional Bitcoin for its planned strategic reserve, opting instead to rely on confiscated holdings. Speaking on Mornings with Maria, Bessent’s comments came in response to questions about U.S. gold reserves and whether the government would consider similar moves with Bitcoin. “I doubt we’re going to revalue it, but we are going to keep it there as a store of value for the American people,” Bessent said when asked if the Treasury planned to revalue gold. He added that the U.S. has begun incorporating Bitcoin into its strategic reserves, but...

- The crypto market is reeling after a sharp pullback wiped out over $1.05 billion in leveraged positions in the past 24 hours. According to Coinglass data, 219,682 traders were liquidated, with longs bearing the brunt — accounting for more than $778 million of the total. The largest single liquidation was a $10 million BTC-USD position on Bybit. Bybit led in total liquidations with $447 million, followed by Binance with $264 million and OKX with $126 million. Bitcoin (BTC) is now trading at $118,718, down 1.5% in the past 24 hours after recently hitting record highs above $124,000. Its market cap sits at $2.36 trillion. Ethereum (ETH) fell 3.4% to $4,547, while XRP slipped 5.2% to $3.11. Other major altcoins also saw losses, with...

- Bitcoin drops 3% after touching record highs as crypto rolls over Bitcoin (BTC-USD) retreated more than 3% from its record highs on Thursday after hotter than expected inflation soured expectations of a large rate cut in September and after Treasury Secretary Scott Bessent signaled the US won't be purchasing or selling its bitcoin reserve. On Wednesday, bitcoin touched an all-time high past $123,500 per token in anticipation of looser monetary policy and corporate purchases. Crypto rolled over after July's producer price index came in much higher than expected. During an interview, Bessent said US reserves of bitcoin amount to around $15 billion or $20 billion at today's prices. "We've also started to get into the 21st century — a...

- Mysterious Bitcoin legend nets nearly 59,999,900% return on $50 bet Bitcoin’s latest surge to record highs has sparked a wave of remarkable stories — but few match the jaw-dropping patience and payoff of one anonymous holder who just moved 300 BTC mined over a decade ago. The coins, worth about $100 each at the time of their mining in 2013, were essentially a hobbyist’s haul. Back then, Bitcoin hovered around $13 per coin — meaning the entire stash could be mined for a few dozen dollars’ worth of electricity and hardware costs. Fast forward to 2025, with Bitcoin trading above $120,000 after recently breaking its all-time high, those 300 BTC are now worth roughly $30 million. That’s a return on investment of more than 59,999,900%...

- Circle’s 48% stock rout will get worse with rate cuts and slow growth, analysts say Falling interest rates are usually a boon to risky assets like stocks and crypto. But for Circle, the $38 billion firm behind the USDC stablecoin, it’s potentially the opposite. Future interest rate cuts from the Federal Reserve could wreak havoc on the stablecoin issuer’s revenue, according to Omar Kanji, a partner at crypto venture firm Dragonfly. A 1% cut in interest rates will slash Circle’s revenue by a whopping $618 million, a 23% drop, Kanji said in a post. The reason? A large part of Circle’s revenue comes from the short-dated government bonds it holds to back the $65 billion worth of USDC in circulation, Kanji argued. When the Fed lowers...

- BitMine Immersion (BMNR) shares have roughly doubled since the start of August on the back of its Ethereum (ETHUSD) treasury strategy. The firm now has well over 1 million ETH on its balance sheet. Institutional inflow and favorable crypto legislation have pushed Ether prices to near-record levels this month, making BMNR an attractive pick for those seeking a cost-effective, alternative means of ETH exposure. Is There Still Time to Build a Position in BMNR Stock? BitMine Immersion stock remains attractive as a long-term holding despite its explosive rally since Ethereum is not demonstrating any signs of letting up yet. In fact, the world’s second-largest cryptocurrency by market cap has secured more than $1.5 billion in inflows...

- XRP stays flat as Bitcoin overtakes Google Bitcoin’s relentless climb pushed it to a fresh all-time high late Wednesday, briefly topping $124,450 and overtaking Google parent Alphabet’s market capitalization before easing slightly. BTC overtook Google to become the fifth largest asset globally, hitting a $2.456 trillion market cap. The world’s largest cryptocurrency now sits firmly above the $120,000 support level, cementing its position as the fifth-largest asset globally. The milestone, achieved during a late-night trading frenzy, was enough to trigger a wave of optimism among bulls. The move confirmed Bitcoin’s strong institutional demand, with pension funds, ETFs, and large-cap investors driving unprecedented buying pressure...

Do Lower Rates Suggest Small-Cap Stocks Are in Favor? The story of 2025 thus far is President Trump's 'Liberation Day' tariffs. Initially, the major US indices, like the Nasdaq Composite, swooned more than 10% in two weeks after the April 2nd tariff announcement. While the announcement was known to most on Wall Street, the magnitude of the tariffs was far more than most investors anticipated. However, instead of implementing the full-blown, sky-high tariffs, President Trump and his trade negotiators instead chose a "shock and bore" approach, leveraging the US's massive market to garner favorable trade deals while still leaving a base tariff rate of at least 10% on most countries to bring in much-needed government revenue. The fear...

Key Points A few months ago, Ethereum (CRYPTO: ETH) was in rough shape. It had fallen below $1,600, its lowest price since 2023, and investors were wondering when it would stop the bleeding. But the second-largest cryptocurrency has made an impressive turnaround, growing by 57% in July and recently surpassing $4,300 (as of Aug. 10). The question now is whether Ethereum has become overvalued or if it's still a good long-term investment. While cryptocurrencies are notoriously unpredictable, Ethereum's strengths line up well with where the market is going, and that could result in substantial growth over the next five years. Ethereum could be crucial for crypto's mainstream adoption There have been some major cryptocurrency...

- Key Points There is a total of 97 Vanguard ETFs you can buy on U.S. stock exchanges. Many investors use Vanguard ETFs for their extremely low investment fees, and the company offers some of the most popular dividend-focused ETFs in the world. Although most Vanguard ETFs pay dividends to one extent or another, there is a lot more you should consider than just dividend yield. With that in mind, here's which of the Vanguard ETFs pay the highest dividend yields right now and which one I prefer instead of the highest payers. What is the highest-yielding Vanguard ETF? According to its website, there are 97 Vanguard exchange-traded funds, or ETFs, available to trade on U.S. stock exchanges. And because they invest in baskets of stocks...

- Key Points When investors think they can finally see the market's road ahead, they tend to step on the gas. That's what is happening now to XRP (CRYPTO: XRP) this summer, with the coin's price rising by 33% in three months. The token is finding fresh sponsorship after a flurry of legal, technical, and policy developments converged at once. If you have watched XRP chop sideways for years, the change in tone is hard to miss. The legal overhang is gone, new rails are being laid, and a mainstream policy shift just widened the on-ramp. Here's what you need to know about its surge and its odds of continuing to gain in value moving forward. 1. Regulatory problems are going away XRP's biggest catalyst is quite simply its de-risking as a...

- Cameron and Tyler Winklevoss, the billionaire co-founders of the cryptocurrency exchange Gemini, have made a strategic investment in American Bitcoin, a mining company with direct ties to the Trump family. Given the prominence of the Winklevoss twins in the cryptocurrency industry, this move merits a closer look at American Bitcoin. Hut 8 Is a Major Shareholder in American Bitcoin American Bitcoin, co-founded by Donald Trump Jr. and Eric Trump, the sons of President Donald Trump, announced plans in May to go public through a merger with Gryphon Digital Mining (GRYP). The company is currently a majority-owned subsidiary of Hut 8 (HUT), another Bitcoin (BTCUSD) mining firm. Hut 8 CEO Asher Genoot confirmed the Winklevoss investment...

- Key Points Cryptocurrency investors are enjoying a huge bull market right now. Ironically, it's not Bitcoin stealing the show (though the flagship crypto's price has doubled during the past year), but XRP (CRYPTO: XRP), which has seen its price rise by almost 500%. XRP is now more than $3.25 per share (as of Aug. 12), leaving investors wondering whether the token is ready to surpass $4 for the first time. The Trump administration's pro-crypto stance and policies have been game-changers for XRP and the broader sector, and XRP specifically has another exciting catalyst on the horizon. Here is what you need to know, and whether XRP is a buy for less than $4. XRP and other cryptocurrencies have a lot of momentum right now There are...

- Key Points In 2020, Michael Saylor, then the chief executive officer of the business software company Strategy (NASDAQ: MSTR), made a bold decision. He decided to use the company's capital to begin accumulating Bitcoin (CRYPTO: BTC), the world's most valuable cryptocurrency. At the time, the move seemed incredibly risky, and many people to this day still view the decision as risky. But Saylor's decision paid off handsomely, and Strategy (formerly known as MicroStrategy) even began tapping the capital markets for funding to buy more Bitcoin. Today, Strategy is seen as the pioneer of the Bitcoin treasury movement, and the company's stock has blasted over 3,160% higher in the past five years. Saylor, who is now the executive chairman...

- 3 Benefits of Buying XRP Over Stellar Key Points Investing should never feel like choosing between two nearly identical breakfast cereals. Yet, correctly or not, many people see XRP (CRYPTO: XRP) and Stellar (CRYPTO: XLM) as flavor twins because both sprang from blockchain technology and court the same cross-border payments banks, payment processors, and other similar institutions. But when capital, compliance, and catalysts matter for developing an investment thesis, as they do in today's maturing crypto market, XRP overtly outmuscles Stellar. Here are three reasons the ledger behind Ripple's coin still holds the upper hand in this matchup. 1. Deeper liquidity Financial institutions have a lot of money, and that money needs...