Crypto News

- 3 Reasons to Buy XRP Before the End of Summer Key Points Ripple (CRYPTO: XRP) has been one of the most exciting crypto projects of 2025. XRP has increased in value by more than 40% this year alone. In 2024, XRP's value increased by roughly 600%. Could another big move be in store for this iconic crypto project? Here are three reasons to invest in Ripple before the summer wraps up. 1. Legal troubles could be a thing of the past Ripple has had a long string of legal troubles that have plagued the project for years. In 2015, Ripple was forced to pay a $700,000 civil penalty from the U.S. Treasury's Financial Crimes Enforcement Network for a "willful violation of the Bank Secrecy Act." In 2017, blockchain start-up R3 sued the...

- Caesars Entertainment’s second quarter was marked by a mix of digital momentum and challenges in its core Las Vegas business, which contributed to a negative market reaction. Management attributed the digital segment’s strength to product innovation, notably the launch of a universal digital wallet and proprietary player account management system in Nevada. However, CEO Tom Reeg described the Las Vegas market as “softer than last year,” citing lower high-end gaming activity and a shorter booking window as key issues. Regional operations were also affected by construction-related disruptions and specific one-time events. Caesars Entertainment (CZR) Q2 CY2025 Highlights While we enjoy listening to the management's commentary, our...

- Technical Analysis Overview DOGE falls 6.88% in the 24-hour period ending August 12, dropping from $0.24 to $0.22 as sellers overwhelm bid-side liquidity. The heaviest pressure hits at 07:00 on August 11, with price sliding from $0.238 to $0.233 on 485.69M volume — 31% above the daily average of 371.45M. This establishes $0.238 as a major resistance level. Buyers step in at $0.226 during the 11:00 session, generating 793.38M in volume. Secondary resistance forms at $0.231 as multiple rally attempts fail. Final-hour trade sees DOGE range-bound between $0.2247-$0.2253 with volume compression, suggesting potential seller exhaustion. News Background The selloff comes amid broader weakness in digital assets, with regulatory...

- Bitcoin Traders Eye $135K, Ether $4.8K in Crosshairs as CPI Data Looms Crypto markets extended gains into Tuesday’s U.S. inflation print, with bitcoin (BTC) holding above $118,000 after a 2.2% daily rise and ether (ETH) steady at $4,300, capping a 17.2% weekly surge that has it closing in on its $4,800 record. Gains were broad across majors as XRP (XRP) climbed 3.2% to above $3.16, Solana’s SOL (SOL) rose 5.2% to $176, dogecoin (DOGE) rose 5.7% to 22 cents, and Binance’s BNB (BNB) added 1.2% to $800. Lido’s staked ether mirrored ETH’s move with an 18% weekly gain. The global cryptocurrency market cap rose to $4 trillion, according to CoinGecko. This week’s rally has flipped the usual dynamic, with altcoin strength dragging BTC...

- Bitcoin Pulls Back to $119K as Looming Inflation Data Could Bring Price Swings Bitcoin’s (BTC) overnight push towards fresh records met with profit-taking on Monday, knocking prices down to $118,500. The pullback left bitcoin 2.8% off its session high of $122,200, though the largest crypto remained up 0.4% over the past 24 hours. Ether held above $4,200, modestly up 0.8% during the same period, while major altcoins Solana’s SOL (SOL), dogecoin (DOGE), and Sui's native token (SUI) slipped 3%-4%. James Van Straten, senior analyst at CoinDesk, noted that bitcoin’s weekend rally left a gap in the CME futures market, which trade only on weekdays, between Friday’s close at $117,430 and Monday’s open at $119,000. History suggests that BTC...

- Crypto stock drops 25% after Eric Trump's bullish post ALT5 Sigma Corporation (Nasdaq: ALTS), a financial firm offering blockchain-powered technologies, announced on Aug. 11 that it is going to raise $1.5 billion via the sale of 200 million shares to create a World Liberty Financial (WLFI) corporate treasury. The World Liberty Financial is a decentralized finance (DeFi) backed by the Trump family, which is reportedly exploring the option of going public and raising around $1.5 billion to hold WLFI tokens. "One small step for mankind, one giant leap for WLFI," World Liberty Financial wrote on X. Founded in 2018, ALT5 Sigma offers next-gen blockchain-powered technologies for tokenization, trading, clearing settlement, payment, and...

- XRP is trading at $3.20, has seen a 5.32% gain on the week, and has been mostly flat over the last 24 hours. However, the market cap of XRP has seen a 40.89% uptick in 24-hour trading volume showing increased market activity. The recent price action shows a distinct V-shaped recovery starting on August 8, breaking the previous long-term resistance to the upside clearly defined in our example, touching $3.30 before retreating slightly to a more steady price action, as per crypto analyst Tom Tucker. A significant driver of XRP's recent V-shaped recovery and breakout above critical resistance was the announcement that Ripple's long-running litigation battle with the SEC has finally ended. The resolution of the case, confirmed by SEC...

- David Bailey wants to 'smash buy' $1B Bitcoin tomorrow Bitcoin Magazine CEO David Bailey is preparing for what he calls a “smash buy," a single-day Bitcoin purchase worth hundreds of millions of dollars. Bailey, who co-founded Bitcoin Magazine’s parent company BTC Inc. and heads Bitcoin treasury firm Nakamoto Holdings, said the purchase will take place tomorrow, August 12. While he initially described it as a $1 billion buy, he later clarified the figure was “generous rounding,” with the real number closer to $760 million. He explained that no new funds have been raised in the past two months due to regulatory rules that halt fundraising after filing a definitive information statement, which also caps the total shares that can be...

During these turbulent times, some investors might be tempted to ask how do I get off this merry-go-round? We're hearing all about tariffs, artificial intelligence, and an incredibly contentious political environment. Jason Meshnick, managing editor for TheStreet and TheStreet Pro, sat down recently with some of TheStreet's top contributors for the August edition of the Live Quarterly Call to review the state of the market. Tariffs have been a key factor for traders since April, when President Donald Trump unveiled his regimen of levies. "Who's going to pay them?" Meshnick asked. "And, what will the impact be? Will the impact be as great as some are fearing or hoping?" TheStreet Pro contributor Louis Llanes said that it is...

- Uniswap inches to fee switch vote as Foundation proposes Wyoming entity Uniswap, the largest decentralized exchange on Ethereum, could soon divert a portion of its fees towards the Uniswap DAO. An affiliated nonprofit, the Uniswap Foundation, asked the digital cooperative on Monday to register in Wyoming as a so-called DUNA — a Decentralized Unincorporated Nonprofit Association. In March 2024, Wyoming lawmakers passed the DUNA Act, allowing DAOs to create legally-recognized entities in the state. Incorporation would protect members of the Uniswap DAO from legal or tax liability, a prerequisite to activating Uniswap’s so-called fee switch, according to the Foundation. “Uniswap Governance will be one of the first and certainly the...

- Apple co-founder Steve Wozniak slammed YouTube for not taking down a Bitcoin scam video which used his video in a misleading way to steal money. He was recently talking to CBS News, in which he talked about a scam on YouTube that was using his image to steal the cryptocurrency. It was Wozniak's wife, Janet, who first got alerted to it from one of the scam victims. She received an email, "When are you gonna send me my money?" Her response was, "What are you talking about?" The crypto scammers took a video of Wozniak discussing Bitcoin and added a "nice frame" with a crypto address that said if you send any amount of Bitcoin to an address, you will receive double the amount. Janet said, "Of course it's fraud." Steve said, "Some...

- Circle Set to Release First Quarterly Earnings Report Since IPO as Investors Eye Stablecoin Growth Circle (CRCL), the stablecoin issuer that has seen a meteoric rise since its IPO in June, will report quarterly results on Tuesday for the first time since going public. The stock is up more than 400% from its IPO price of $31 per share as crypto-friendly legislation has lifted the sector. Wall Street expects Circle to post a Q2 loss when it reports before the market open, with consensus calling for an adjusted per-share loss of $0.08 on revenue of $647 million, according to Bloomberg data. Investors will watch for growth in USDC circulation and stablecoin market share following the passage of the Genesis Act, legislation that...

- Private Assets in 401(k)s a 'Huge Hurdle From Idea To Implementation' TMX VettaFi Investment Strategist Cinthia Murphy discusses the executive order that could allow private assets and crypto in 401(k) plans. This article has been published in finance.yahoo.com via Yahoo News. https://finance.yahoo.com/video/private-assets-401-k-huge-195020420.html

- Crypto exec Do Kwon, charged with fraud, expected to plead guilty NEW YORK (Reuters) - Do Kwon, the South Korean cryptocurrency entrepreneur facing U.S. fraud charges over two digital currencies that lost an estimated $40 billion in 2022, is expected to enter a guilty plea, court records showed on Monday. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/crypto-exec-kwon-charged-fraud-202214092.html

Jeff Bezos' Space Tech Company Makes Surprising Bitcoin Bet Billionaire entrepreneur and Amazon founder Jeff Bezos' space exploration company Blue Origin has begun accepting cryptocurrency payments. Blue Origin announced on Aug. 11 that it has partnered with a payments firm called Shift4 Payments, Inc. to let customers pay in cryptocurrency and stablecoins for space trips. Customers can pay with crypto assets like Bitcoin, Ethereum, Solana, USDT, and USDC for trips to space aboard Blue Origin's New Shepard. They can connect leading crypto wallets like Coinbase and MetaMask to ensure instant, direct, and secure payment processing. Shift4 CEO Taylor Lauber said, “Together with Blue Origin, we are making space accessible to explorers...

- Shorting crypto goes horribly wrong, firm loses millions On-chain data from market analytics firms suggest that London-based crypto asset manager Abraxas Capital is suffering almost $20 million in unrealized losses because of shorting multiple cryptocurrencies. Abraxas Capital Management Ltd. manages alternative assets and offers financial investment management and consultation. Reports indicate that two Abraxas accounts have taken large short positions in Bitcoin, Ethereum, Solana, Sui network, and Hyperliquid to hedge their spot positions, resulting in over $190 million in unrealized losses. The two Abraxas accounts held more than $190 million in unrealized losses, including a short position of 113,819 Ether (ETH) worth $483...

- From Bitcoin to AI: Why Maelstrom’s Akshat Vaidya Says Crypto’s Next Wave Is Already Here If you’re still waiting for altcoin season to kick into gear, Maelstrom co-founder Akshat Vaidya has some advice: It might not be like before. “I think it’s going to be very hard to replicate what we did before,” Vaidya told Coinage. “There was a time where if one [Layer-1] pops, the others will all pop. … I think there’s enough network effects now to where if you just launch Solana competitor 1-2-3-4-5-6, you can’t expect that to work.” It’s a sobering assessment from someone who’s lived through every major boom and bust in crypto since buying his first bitcoin in 2013. And after weathering “about four or five crashes,” he’s still betting on...

- Tesla (TSLA) shares sit comfortably in the green on Monday following reports its billionaire chief executive, Elon Musk, has terminated the company’s Dojo supercomputer initiative. Moving forward, the company will lean more on partnerships with the likes of Nvidia (NVDA) and Samsung for chip manufacturing and inference capabilities. Tesla stock has regained much of its previously lost ground over the past four months. At the time of writing, it’s up well over 50% versus its year-to-date low set on April 8. Why Scrapping Dojo Is a Positive for Tesla Stock Tesla’s decision to abandon the Dojo program is a positive for the EV stock as it signals a strategic pivot toward efficiency and scalability. By leaning on proven partners like...

- Bitcoin Tops $120,000 on Investor Bets on Fed Rate Cuts, Trump Support for Crypto Bitcoin (BTC-USD) surged on Monday to trade near record highs as investor enthusiasm and momentum around crypto grew amid Trump's recent Fed nomination and executive order allowing crypto investment in 401(k) retirement plans. The digital token reached $122,000 on Monday before easing to around $120,000. The gains come as inflows into exchange-traded funds (ETFs) have grown and public companies have been adding bitcoin to their balance sheets. Bitcoin wasn't the only cryptocurrency getting a bid. Ethereum (ETH-USD) touched 2021 levels on Monday as the second largest cryptocurrency by market cap has surged roughly 190% since the April market lows...

- What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 7% in the morning session after the price of Bitcoin surged, hovering near its all-time high. The world's largest cryptocurrency traded above $121,000, approaching its record high of just over $123,000. The rally in crypto-related assets has been linked to strong demand from institutional investors and general optimism about broader adoption. A recent executive order that could open the door for workers to invest in crypto through 401(k) retirement accounts also appeared to boost sentiment. Further supporting the stock, Coinbase recently rolled out a significant update integrating decentralized exchange (DEX) trading into its main app. This...