Crypto News

- 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...

- Ethereum treasury buying catches up to ETFs as exchange reserves dry up Ethereum’s liquid supply is vanishing. After a year of feasting alone, exchange-traded funds now face competition from new Ethereum treasury firms hungry for their slice of an ever-shrinking pie. Both groups combined have now acquired roughly 3.2% — worth almost $14 billion — of the cryptocurrency’s circulating supply since June 1, according to Geoff Kendrick, global head of digital assets research at Standard Chartered, the UK bank. In a note to investors on Wednesday, he noted that treasuries have accelerated their accumulation in recent weeks. As the buying spree picks up, exchanges are being drained of their available supply. Major platforms now hold...

- Key Points Building a skyscraper starts with a blueprint that looks bold on paper, but it takes more than an architect's sketches for the plan to become a reality. The same applies to the ever-popular dream of turning a modest investment in a cryptocurrency like Ethereum into a seven-figure stake. Making $1 million with this coin will demand aggressive price appreciation, unwavering discipline, and a healthy tolerance for volatility, not to mention for its roadmap to play out as conceived and then subsequently be well received by the market. Crunching the Numbers Let's start by envisioning the finish line. Today, the coin trades at about $3,600. Assume Ethereum coins change hands at $30,000 in mid-2035, which would make for...

- Key Points The iShares Bitcoin Trust (NASDAQ: IBIT) is an exchange-traded fund that tracks the price of Bitcoin (CRYPTO: BTC). The fund is run by BlackRock, the largest asset manager in the world. Bitcoin currently trades at $115,000. But several Wall Street analysts have made predictions that imply big gains in the remaining months of 2025. Here's what investors should know about the iShares Bitcoin Trust More institutional investors are adding Bitcoin to their portfolios. Boston Consulting Group says institutional investors had about $130 trillion in assets under management (AUM) last year. If even a small percentage of that total were allocated to Bitcoin, its price could increase substantially in the future. And spot Bitcoin...

- Hong Kong stablecoin bill's client identity rules spark industry concern HONG KONG (Reuters) - The strict customer identification rules mandated in Hong Kong’s new stablecoin law could hinder adoption of the digital currency and the city's competitiveness in global digital finance markets, industry sources said. Hong Kong's long-awaited stablecoin ordinance took effect on August 1 and positions Hong Kong as one of the first markets globally to regulate fiat-backed stablecoin issuers, giving it an early-mover advantage in its bid to become a virtual asset hub. But the finalized know-your-customer (KYC) rules, which require issuers to verify the identity of every stablecoin holder, have caught the industry off guard as they go...

- Compared to other asset classes, such as bonds, commodities, and real estate, the stock market has been the top wealth creator over the past century. But over the trailing decade, nothing has come close to rivaling the gains delivered by cryptocurrencies. Whereas the benchmark S&P 500 has roughly tripled over the trailing decade, prominent payment-based digital currencies XRP and Dogecoin have soared by more than 34,000% and nearly 117,000%, respectively, based on data from YCharts. While these popular cryptocurrencies have become staples in the portfolios of digital-asset investors, both Ripple-created XRP and Dogecoin appear primed for a difficult August and a potentially rough second-half of 2025, for a variety of reasons...

- With South Korea's CBDC Plans Dead, KakaoBank Joins Stablecoin Gold Rush KakaoBank is preparing to enter South Korea’s fast-growing stablecoin sector, according to local reports. In its first-half earnings call on Tuesday, KakaoBank CFO Kwon Tae-hoon said the firm is “actively considering” roles in both stablecoin issuance and custody, with participation aligned to the country’s shifting digital asset policies. “We plan to engage actively in line with market changes,” Kwon said, adding that KakaoBank’s internal task force is working with other Kakao units to consolidate strategy. The move adds a regulated online bank to the list of Korean fintechs jumping into the stablecoin race after the Bank of Korea (BOK) shelved its central...

- Crypto Market Cap Halts at $3.7T as Traders Rotate Out, Institutions Double Down on BTC, ETH The crypto market cap is holding within a tight $3.6 trillion–$3.8 trillion range as traders pull liquidity and shift focus to micro-cap tokens in the first week of August, with some warning of a summer lull to continue. Bitcoin (BTC) tested its 50-day moving average again on Tuesday, signaling exhaustion, while broader market capitalization remains above the trend, currently at approximately $3.72 trillion, versus the 50-day SMA of $3.57 trillion. “The support received in the area of previous peaks suggests a temporary pause to lock in profits,” said Alex Kuptsikevich, chief market analyst at FxPro. “But sluggishness is turning away the...

- Bitcoin's (BTC) volatility meltdown continues as the cryptocurrency remains stagnant, with slow price action between $110,000 and $120,000. The cryptocurrency's 30-day implied volatility, as represented by Volmex's BVIV index, fell to an annualized 36.5% late on Wednesday, reaching levels last seen in October 2023, when BTC was trading below $30,000, according to data source TradingView. The new multi-year low in implied volatility suggests that options traders are not yet rushing for hedges, despite U.S. economic data raising concerns about stagflation. The demand for options, which are contracts used to hedge against or profit from price swings, is a major driver of an asset's implied volatility. The same thing can be said about...

- Asia Morning Briefing: BTC Slips Into Low-Liquidity “Air Gap” as Post-ATH Drift Continues 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. Bitcoin (BTC) is treading water around $115K Thursday morning in Asia, up 1% in the last 24 hours, as the post-all-time-high correction continues to play out across low volume and weak conviction. According to Glassnode, BTC has entered what it calls an “air gap”, a low-liquidity zone between $110,000 and $116,000, after breaking down from a major supply cluster where short-term holders had previously found support. These areas typically see little...

President Donald Trump announced on Aug. 6 that he will impose tariffs as high as 100% on imports of chips and semiconductors to the U.S. Only those manufacturing these products in the U.S. can escape this charge, he added. Trump told reporters in the Oval Office that the new rate would apply to all chip and semiconductor imports except those from companies that have committed to manufacturing in the U.S. As reported earlier, the Bitcoin mining industry has taken a hit due to Trump's tariffs on chips. Mining is the process of using high-tech hardware to validate and secure transactions on a blockchain network that forms the infrastructure of the crypto industry. While the U.S. is the world leader among crypto mining countries, it is...

Analyst has a Shocking Plan for India to Crush 50% Tariffs On Aug. 6, President Donald Trump took the global tariff war to another height as he hiked tariffs on India to 50% for buying oil from Russia despite the war in Ukraine. While the decision left the global crypto community fuming due to concerns over the market, the reaction from the Indian crypto community was even more severe. Kashif Raza, a prominent crypto voice in India, suggested the country take a crypto-centric approach to solve the tariff conundrum. Ethereum is the right way for India to answer Donald Trump, Raza argued. According to Raza, India's renowned IT companies will be worst hit by these tariffs. In fact, two of the leading IT firms of the country generated...