Crypto News

- Key Points Bitcoin's (CRYPTO: BTC) price has more than doubled over the past 12 months, and it now trades just a few percentage points shy of its all-time high of nearly $123,000. Investors might be reluctant to buy more Bitcoin after those massive gains, but it could still be a smart place to park $1,000. Why did Bitcoin's price soar? Five main catalysts drove Bitcoin's price higher in 2024 and 2025: its spot price exchange-traded funds (ETFs), its latest halving, lower interest rates, more crypto-friendly government policies, and big purchases from institutional investors, companies, and entire countries. Last January, the Securities and Exchange Commission (SEC) approved the first spot price ETFs for Bitcoin. Those new ETFs...

- David Sacks says the doomsday scenario of AI wiping out jobs is 'overhyped' David Sacks, the White House AI and crypto czar, is throwing cold water on the AGI hype train. AI companies are racing to achieve AGI, or artificial general intelligence, commonly considered a form of AI that can reach human levels of reasoning. The continued advancement of AI has led some to believe that the technology will lead to a large-scale wipeout of jobs or even worse outcomes, like human extinction. Sacks, a tech investor who has supported major companies such as Airbnb, Facebook, and Uber, wrote in an X post on Saturday that AI hasn't progressed as quickly as many have predicted — specifically, the idea that AI will "self-improve" and rapidly...

- XRP: Not out of the woods yet XRP (XRP), the payments-focused cryptocurrency, surged 11% on Thursday, reportedly breaking out of a bull flag pattern to suggest renewed upward momentum. However, it's not yet clear, as prices remain well below the crucial $3.65 level, where a bearish "tweezer top" candlestick pattern occurred last month. The tweezer top is a bearish reversal pattern, comprising two candles with identical highs that represent a clear rejection point, in this case, $3.65. It's as if the market tried to climb to a new level twice and was met with a brick wall of selling pressure at the same spot, a sign that the upward momentum has completely stalled. The bulls, therefore, need to overcome the significant supply point...

- Pendle's TVL Hits Record $8.3B After Yield-Trading Platform Debut Pendle’s total value locked (TVL) has surged to a record $8.27 billion, while its native token PENDLE climbed 45% over the past week to $5.6, buoyed by the protocol’s new yield-trading platform. With bitcoin funding rates averaging about 10% annualized this week and roughly $80 billion in open interest, more than $8 billion changes hands yearly between longs and shorts. Boros packages those yields into tradable on-chain assets called Yield Units (YUs), allowing traders to go long or short on the rates themselves. Boros can be employed for various advanced strategies, including hedging floating funding payments into fixed rates or locking in high yields during...

- Arthur Hayes ‘Had to Buy It All Back’ After Selling $8.3M Worth of ETH Arthur Hayes, co-founder of crypto exchange BitMEX, appears to have reversed course on a major ether (ETH) trade just days after warning of a market downturn. Last week, data from Arkham Intelligence showed that Hayes sold 2,373 ETH worth around $8.32 million, when the second-largest cryptocurrency was trading near $3,500 and moved into stablecoins. This weekend, however, he seems to have a change of heart. Hours ago, data first spotted by Lookonchain showed an address linked to Hayes moved out of $10.5 million in USDC to buy back ether, with the price of the cryptocurrency now hovering around $4,200. The move comes after Hayes liquidated over $13 million in...

- Commodity-Backed Cryptocurrencies Hit 5-Year Minting Record Over Gold Trade Turmoil Commodity-backed cryptocurrencies, which are dominated by gold-backed tokens, have experienced a historic surge in issuance this week, with minting volumes reaching their highest level in at least five years. The increase follows gold futures trading above a $3,500 all-time high this week, after the Swiss Precious Metals Association warned that the U.S.'s 39% tariffs on Switzerland could have a "negative impact" on the international flow of physical gold. Despite gold spot and futures receding after an initial surge, spurred by a White House official clarifying that gold bar imports would not be subject to tariffs, minting of gold-backed tokens...

- Crypto Analyst Nails XRP Prediction as Ripple and SEC Case Ends Ali Martinez, who goes by the handle @ali_charts on X, is one of the most popular crypto analysts who often nails price predictions. As the Ripple vs. SEC case recently reached its end, his prediction on XRP's price action came true. On Aug. 7, the analyst shared XRP's price analysis chart on X at 12:32 p.m. EDT. It showed XRP forming a symmetrical triangle pattern that is made up of converging trendlines. While the descending line shows upper resistance, the ascending one shows support. The pattern reflects a period of consolidation where the price gets squeezed, followed by a breakout. XRP would target $3.34 after breaking out of the triangle, Martinez predicted...

- A notable Harris Poll survey conducted in 2022 found that as many as six in 10 Americans want to become a billionaire — and around 44% believe they have the resources to do so (with crypto investors making up a large portion of that group). This increasingly common mindset might be more harmful than you think. As tempting as it is to build wealth quickly, it can be incredibly dangerous for your financial well-being. Trying to earn money as fast as possible leaves you vulnerable to lifestyle creep, overinvesting your savings falling into debt and other risks. Here are four common dangers of building wealth too quickly and how you can avoid them. Lifestyle Creep If you’ve ever felt like you can never earn enough, you might be...

- Key Points Cryptocurrencies don't always make sense. It may seem silly to buy digital coins that are traded on a very expensive global network of number-crunching computers. Legendary investor Warren Buffett doesn't see any real-world value in Bitcoin (CRYPTO: BTC) at all, because the darn thing doesn't actually make anything or provide a service. And besides all that, Bitcoin will likely never get back to the skyrocketing gains seen in the early years. So I completely understand if you're skeptical about Bitcoin and other cryptocurrencies in 2025. But the times, they are a-changin'. You may want to set up a small Bitcoin stake as part of a larger, diversified investment portfolio, preferably before the end of the year. Here are...

- President Donald Trump on Thursday signed an executive order directing the Labor Department to make it easier for private equity, real estate, cryptocurrencies, and other alternative assets to be included in 401(k) retirement plans. It could channel fresh flows of billions of dollars into digital assets via regulated investment products like spot Bitcoin exchange-traded funds. The roughly $8 trillion held in 401(k) accounts, according to 2024 estimates by Bitwise, is one of the largest untapped markets for crypto exposure. Bloomberg estimates this number today to be even higher — around $12.5 trillion. While most portfolios remain concentrated in stocks and bonds, the policy shift opens the door for plan sponsors to offer funds...

Trump-backed World Liberty proposes $1.5 billion crypto holder, Bloomberg News reports World Liberty Financial, a crypto venture backed by former U.S. President Donald Trump's family, is seeking to raise $1.5 billion to establish a public company that will manage its WLFI tokens, Bloomberg News reported on Friday. The specifics of the deal are still being finalized, according to the report, which cites sources familiar with the situation. It also noted that large investors in the crypto and tech industries have been approached for the venture. World Liberty, described as a "decentralized platform" that includes Donald Trump and his sons as co-founders according to its website, has reportedly generated $500 million for the family...

- Key Takeaways Tokens that are designed to be digital twins of stocks have subtle differences that make them less identical and more fraternal to the securities they're supposed to replicate. Tokenization was theoretical when BlackRock chief Larry Fink publicly discussed it in early 2024, but has landed in the real world via popular trading platforms including Robinhood (HOOD), Kraken, and Coinbase Global (COIN). While they haven't cleared regulatory hurdles for U.S. investors yet, rollouts of stock tokens in Europe started in June, ratcheting up the competition between trading venues that offer, or plan to offer, them to their customers. Coinbase CEO Brian Armstrong, who unveiled the crypto exchange's tokenization ambitions in...

- Stablecoins are the shiny new object on Wall Street. Once restricted to the niche world of crypto trading, stablecoins entered the mainstream of U.S. finance as Congress debated—and ultimately passed in July—a bill to legitimize them and expand their use. That has spurred a hype cycle as banks and Fortune 500 companies rush to explore the technology. Stablecoins, which are typically pegged to the U.S. dollar and backed 1:1 to a pool of reserves, have been around for a decade. But their soaring popularity has brought mounting questions over how their growth could impact the broader economy. Financial experts and government officials alike are grappling with the implications of giant stablecoin issuers Tether and Circle becoming some...

- Coinbase missed Wall Street expectations in the second quarter despite a modest 3.3% year-over-year revenue increase to $1.5 billion. Analysts had forecast $1.59 billion. Shares of the crypto exchange fell following the release, as broader macro concerns and renewed tariff announcements compounded the earnings miss. According to a note from Kaiko Research, the underperformance was not unusual, pointing to Coinbase’s heavy reliance on trading volumes. “Monthly trading volume on Coinbase Exchange declined steadily during the quarter, from $89 billion in April to below $57 billion in June,” Kaiko said. By contrast, first-quarter volumes never dipped below $100 billion. The decline came despite Bitcoin hitting record highs in May...

- Retirement is no longer a distant dream for Gen Xers. It’s getting closer every year. This reality check means it’s the time to prepare for a more stable retirement. One of the best ways to prepare isn’t just by saving more but by downsizing assets that quietly drain your wallet year after year. It may hurt to let go of things you’ve worked hard for, but it will save you money during retirement. Below are six assets every Gen X should downsize as they approach retirement. House For many Gen Xers, the home is their biggest asset. While it may hold decades of memories, a larger house often means higher costs, including property taxes, insurance, utilities, maintenance, and repairs. As you approach retirement, these ongoing...

- Here's What It Would Take to Make $1 Million With XRP (Ripple) in 5 Years Key Points If you hang around crypto investors long enough, you will hear at least one story that goes like "I bought a few thousand coins back when nobody believed in the asset, forgot about them for a few years, and now I'm retiring early." Most of us have missed a multitude of those once-in-a-lifetime events without even realizing it, and it isn't reasonable to expect to land one. Still, disciplined investing over time can put the same life-changing sums of money on the board, assuming the asset cooperates. Today, many look to XRP for such returns, both over the short term (perhaps unreasonably) and the longer term. If XRP were to achieve escape velocity...

- Key Points What does it take to qualify as a growth stock? Probably the most important criterion is that the stock must be expected to grow significantly faster than the overall market. That definition weeds out a lot of stocks. However, there's a problem. It's not always easy to determine which stocks are most likely to beat the market. I think, though, that several stocks have what it takes. Here are my picks for three of the smartest growth stocks to buy right now with $1,000 (listed by share price in descending order). 1. Vertex Pharmaceuticals You might think Vertex Pharmaceuticals (NASDAQ: VRTX) is an unlikely candidate for this list after the biotech stock plunged following its second-quarter update. I have a contrarian...

Key Points It may seem like a long time ago now, but 2021 was the year of Upstart Holdings. The lending platform grew to a market cap of $30 billion and was aiming to disrupt the traditional pricing mechanisms for consumer loans before it crashed over 90% from all-time highs. In recent quarters, the stock has made a recovery and now sits at a market cap around $8 billion as the company makes progress to go from annual losses to profitability. The stock has come back from the dead, but that does not make it a great buy at today's levels. Here are two fintech stocks that will be worth more than Upstart five years from now, and whether they are buys for your portfolio today. SoFi's attractive proposition The first stock with a more...

- The arrival of Ethereum Treasury Companies The one catalyst that set off Ethereum's summer rally was the sudden appearance of high-profile Ethereum Treasury Companies. These companies, inspired by the success of Bitcoin Treasury Companies, are designed to do just one thing: Buy as much Ethereum as they possibly can, as fast as they can. The one name that really stands out here is Bitmine Immersion Technologies (NYSEMKT: BMNR). Before June 2025, it was a sleepy little Bitcoin mining company. But then it hired Fundstrat co-founder Tom Lee as its chairman, and things have really taken off. The company is in the process of reinventing itself as the world's top Ethereum Treasury Company. Given Tom Lee's public profile, he's the sort of...

- Trump Crypto Firm Plans Launch of Public Company That Will Hold Family Token The Trump family business World Liberty Financial is planning to announce a crypto treasury company, say three investors who have seen parts of the deal. The plan, according to details shopped around to investors and viewed by Fortune, revolves around a publicly traded company that would hold a combination of World Liberty’s proprietary token WLFI and cash. The proposal also calls for Eric Trump and Donald Trump Jr. to serve on the board, and hopes to raise $1.5 billion to fund the new company. If the plan goes forward, it would be the latest addition to the Trump family’s fast-growing crypto empire. The Trump family first announced the World Liberty...