Crypto News

- Key Points XRP (CRYPTO: XRP) has been one of the market's hottest cryptocurrencies recently, and its token price is up roughly 44% year to date as of this writing. The token has a market capitalization of roughly $170 billion, and it ranks as the third-largest cryptocurrency by valuation. XRP's valuation surge this year has been driven by favorable political developments and bullish momentum for the broader crypto market. While the cryptocurrency's token price has seen some huge fluctuations over the last half-decade, its rally over the last year has meant that investors who took a buy-and-hold position in the token five years ago have seen stellar returns. A $1,000 investment in XRP five years ago would now be worth $10,000 As...

- Key Points Digital bank SoFi Technologies (NASDAQ: SOFI) stock gained 26% in July, according to data provided by S&P Global Market Intelligence. The market celebrated some new launches and an excellent earnings report. Better Banking with Digital SoFi offers digital banking services, but it stands out in a few ways from what's an increasingly crowded market. It targets students and young professionals and has a large lending segment since it started out as a student loan co-op. It's growing quickly, with adjusted net revenue growth accelerating in the 2025 second quarter, increasing 44% year over year, its highest growth in two years. It was the second consecutive quarter with record add-ons, with 850,000 new members, a 34%...

- Paxos Trust in $48.5 million New York settlement over Binance-related lapses NEW YORK (Reuters) - Paxos Trust reached a $48.5 million settlement to resolve New York charges that the virtual currency company failed to police illegal activity related to cryptocurrency exchange Binance, according to the state's financial services regulator. Adrienne Harris, New York's financial services superintendent, stated that Paxos will pay a $26.5 million civil fine and invest $22 million to enhance its compliance program. Paxos previously partnered with Binance, the world's largest cryptocurrency exchange, to market and distribute the Binance USD stablecoin. New York's Department of Financial Services reported that Paxos lacked effective...

- Popular miner predicts Bitcoin hitting $200K before bull run ends Bitcoin may be trading below its all-time highs, but one top mining executive is still shooting for the moon. Jeff LaBerge, head of capital markets at Bitdeer, says he believes Bitcoin could surge as high as $200,000 before the current bull market tops out. “There is a lot of room to run here still,” he said in an interview with TheStreet Roundtable, striking a notably bullish tone even as some market watchers turn cautious. Of course, he’s the first to admit how tricky predictions can be. “Trying to predict Bitcoin prices is kind of a fool’s errand,” LaBerge acknowledged, but that hasn’t stopped him from laying out the case for further upside. He cited...

- Inflation Hits Above the Fed's Target 2%, According to the Motley Fool's Latest Research. 3 Reasons Cryptocurrency Investors Should Take Note Key Points The latest Consumer Price Index (CPI) report issued by the Board of Labor Statistics (BLS) shows prices up 2.7% year over year in June, a notch above May's 2.4% and, crucially, a few ticks above the Federal Reserve's 2% comfort zone that it prefers to maintain over the long term. As shown in the Motley Fool's latest research report on inflation, shelter appears to be the category that's running the hottest, with prices rising by 3.8% year over year. Why fret about this overshoot? Because the further the economy drifts from the Federal Reserve's 2% anchor, the more investors start...

- "10 Things You Must Know About Crypto Taxes Before You File in 2026" Cryptocurrencies are so new and uncharted that the rules for investing in them may appear to change as quickly as their price values. Digital Assets Are Subject to Taxes One of the most frequent mistakes taxpayers make when reporting cryptocurrency-related income is failing to recognize that digital asset transactions are subject to taxation under the Internal Revenue Code, according to Chad D. Cummings, Esq., a corporate and tax attorney, CPA and CEO at Cummings & Cummings Law. “Many individuals wrongly assume that crypto is exempt from tax due to its decentralized nature or because it remains held in an online wallet,” he said. You Need To Track Your Cost...

- Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans. Bitcoin (BTC-USD) rose more than 2% near 9:00 a.m. ET on Thursday, while ether (ETH-USD) and XRP (XRP-USD) were both up more than 4%. Shares of Coinbase (COIN), the biggest publicly traded crypto exchange, were up as much as 3%. Robinhood (HOOD) and Strategy (MSTR) shares each rose more than 1.5%. Executive Order Overview President Trump's executive order, expected to be signed around 12:00 p.m. ET on Thursday, will direct the Securities and Exchange...

- Bitcoin, Crypto Stocks Rally Ahead of Trump Order Opening 401(k)'s to Alternative Assets Major cryptocurrencies and crypto-related stocks were rallying early Thursday ahead of President Trump's expected signing of an executive order that would allow alternative assets like cryptocurrencies and private equity into the retirement accounts of millions of Americans. Bitcoin (BTC-USD) rose more than 2% near 9:00 a.m. ET on Thursday, while ether (ETH-USD) and XRP (XRP-USD) were both up more than 4%. Shares of Coinbase (COIN), the biggest publicly-traded crypto exchange, were up as much as 3%. Robinhood (HOOD) and Strategy (MSTR) shares each rose more than 1.5%. President Trump's executive order, expected to be signed around 12:00 p.m...

- XRP Price Flashes Danger Sign as Whales Cash Out $6bn in Three Weeks Whale sell-offs risk sending XRP’s price into free-fall just three weeks after reaching a new peak for the first time in seven years. That’s because XRP whales have been booking profits since the cryptocurrency peaked at $3.65. They’ve sold $6 billion worth of XRP since mid-July, Santiment data shows. Market data from CryptoQuant also backs it up with massive outflows from large wallets, a clear sign of coordinated offloading by whales. “Unless we see sustained positive whale flows [greater than $15 million per day], the market may remain structurally weak,” CryptoQuant analysts said. “At present, there is no sign of consistent accumulation from large holders, a...

- Exclusive-Ripple to buy stablecoin platform Rail for $200 million (Reuters) - Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter the mainstream. Ripple, a crypto company that issues the token XRP as well as its own stablecoin called RLUSD, has invested heavily in stablecoin infrastructure in recent months. The acquisition - which will close in the fourth quarter of this year pending regulatory approvals - will enable Ripple and Rail to "deliver the most comprehensive stablecoin payments solution available in the market," it said. "As regulations become more clear and...

- V2Food, an Australian alt-meat company, has acquired US-based Daring Foods and formed a “strategic partnership” with Japanese food giant Ajinomoto. V2Food has taken over vegan business Daring Foods for an undisclosed amount and has entered into a collaboration with Ajinomoto to work on developing "next-generation, clean-protein products." Daring Foods will continue its operations under its own brand, providing a platform for V2Food to introduce products across the US. V2Food is collaborating with Ajinomoto on projects in Africa and "emerging" markets in Asia. V2Food's Exciting US Expansion Tim York, CEO of V2Food, expressed excitement about the company's expansion into the US market. “For several years, V2Food has been the...

- Tether (USDT) Is the Largest Stablecoin by Market Cap. But Is It a Buy? Key Points Stablecoins are becoming increasingly mainstream. President Trump signed the Genius Act into law last month, a landmark piece of legislation that regulates stablecoins. The stablecoin market is worth over $275 billion at the time of this writing (Aug. 4), and some, including Treasury Secretary Scott Bessent, believe it could be worth $2 trillion by 2028. Tether (USDT) tops the list of the largest stablecoins, accounting for well over half of the entire market. It has also hit daily trading volumes of over $100 billion. But its success doesn't necessarily make Tether worth buying. Tether has uses, but it's not an investment Like many stablecoins...

- Duolingo surges as AI-led growth, forecast raise boost investor confidence (Reuters) - Duolingo shares surged nearly 30% before the bell on Thursday, after its annual forecast increase buoyed investor confidence in its ability to drive user growth through AI features and social engagement, while enhancing monetization. The company is maintaining user growth by experimenting with app features, using social engagement strategies, and optimizing its subscription offerings to retain users and attract new ones. Duolingo runs experiments to determine which of its subscriptions are shown to which user and when, with the goal of maximizing long-term platform value rather than pushing any single plan. Average revenue per user grew 6% in...

- Joby is gearing up for growth Joby Aviation is in the final stages of obtaining the necessary certification to fly passengers on its aircraft, potentially being able to do so as early as next year. That has investors excited about its growth prospects and for the business to start generating some significant revenue. Currently, the company generates minimal revenue, while its losses are well into six figures. But the hope is that in the long run, with a formidable air taxi business, Joby may have profitable operations. In late June, Joby announced the delivery of its aircraft to the United Arab Emirates, where it also completed piloted vertical-takeoff-and-landing wingborne flights. It marks a key milestone for the business...

- Key Points Dreaming of attaining millionaire status is as old as money itself. Most people chase it with lottery tickets or other unproductive strategies, only to learn that luck is fickle and discipline is what's actually valuable. A far more grounded route is to pick a high-conviction growth asset, invest steadily, and let compounding over time do the work. In that vein, Solana (CRYPTO: SOL) has become a darling of developers and financial institutions alike thanks to lightning-fast transactions at industrial-scale throughput, and its nearly nonexistent fees. Its price could soar if it continues to successfully compete in a handful of different and emerging niches. But could it ever climb fast enough to turn an investor's...

- Cathie Wood Is Buying Shares of This Little-Known Ethereum Treasury Company. Should You? Cathie Wood is known for making bold bets on disruptive technologies. Her latest move is catching attention in the crypto world. Through Ark Invest’s flagship funds, she has been buying up shares of BitMine Immersion Technologies (BMNR), an under-the-radar company building an Ethereum (ETHUSD) treasury. BitMine recently shifted its focus to Ethereum and has already built holdings worth more than $2 billion. The company’s goal is to acquire 5% of all ETH in circulation. Ark Invest has been adding millions of BitMine shares across its exchange-traded funds including its flagship Ark Innovation ETF (ARKK), showing its confidence in BMNR. For...

- Trump to Sign Order Easing Path for Private Assets in 401(k)s U.S. President Donald Trump will sign an executive order on Thursday that aims to allow private equity, real estate, cryptocurrency, and other alternative assets in 401(k)s, Bloomberg News reported on Thursday, citing a person familiar with the plans. This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/news/trump-sign-order-easing-path-101737571.html

- Key Points There are thousands of cryptocurrencies available to investors to buy, but two that have seen consistent price increases recently are Bitcoin (CRYPTO: BTC) and XRP (Ripple) (CRYPTO: XRP), which are up 106% and 495% during the past year, respectively (as of Aug. 6). Those gains aren't easily ignored, but if you could buy only one of these two cryptocurrencies, which is the better long-term investment? Here are a few key details about Bitcoin and XRP, as well as some drawbacks, to help you make your decision. The case for Bitcoin Bitcoin has a huge advantage over XRP and nearly all other coins because it was the first cryptocurrency. Being the first doesn't always mean you're the best, but in the case of cryptos, having...

- Popular convenience chain offers 50% off if you pay with crypto Popular convenience store chain Sheetz is now offering 50% off your purchase when you pay with crypto via Flexa, every day between 3 PM and 7 PM. The promotion, called Crypto Crave & Save, is part of a broader push to encourage real-world crypto spending. As per the promo poster, customers just need to pay with crypto using Flexa at any participating Sheetz location to unlock the discount: “Every day 3PM – 7PM get 50% off your purchase when you pay with crypto.” Sheetz is a family-owned chain of convenience stores that’s become a cultural icon across several U.S. states, known for combining fuel, food, and fun under one roof. Founded in 1952 in Altoona...

- Solana’s $6bn ‘dark’ exchanges make trading more efficient — but at a cost HumidiFi, an exchange on the Solana network, processed nearly $3 billion in trades last week and made up some 15% of the blockchain’s entire trading volume. There’s just one problem. The identity of the project’s creator is a mystery. Two people involved in running rival exchanges expressed uncertainty about its origins, while discussions about the mystery circulated on social media. In recent months, a growing portion of the trading volume on Solana is directed to over half a dozen so-called dark exchanges — or automated market makers. These platforms operate behind the scenes to execute billions in token swaps. They accounted for over $6 billion worth of...