Crypto News

Image generated by CariGold Kenny Li, co-founder of Manta Network, has been in the crypto space long before it was cool. “Back then, Bitcoin meetups were full of the weirdest people I’ve ever seen in my life,” he shared. Now, with BlackRock, Fidelity, and Congress all openly engaging with digital assets, Li believes we’ve hit a turning point. Speaking during the U.S. House’s first-ever “Crypto Week,” which spotlighted bipartisan legislation like the GENIUS and CLARITY Acts, Li said what many in traditional finance aren’t ready to hear: the banking model as we know it is on its way out. From ignored to legislated Li pointed to a striking shift in institutional behavior. “Ten years ago, no one would have believed Fidelity or BlackRock...

Image generated by CariGold Top analyst has a surprising pick between Coinbase and Robinhood A top Bank of America analyst has picked a surprising winner in the battle of U.S. crypto exchanges — and it’s not Coinbase. Craig Siegenthaler, one of Wall Street’s most-followed analysts, raised his price target for Robinhood (Nasdaq: HOOD) to $119 while keeping a “Buy” rating. His reasoning is Robinhood’s crypto revenues are exploding, and the platform continues to beat expectations across the board. Robinhood’s Q2 2025 earnings revealed a 45% jump in total net revenue year-over-year to $989 million, with crypto transaction revenue up 98% to $160 million. The company’s app also recorded $28 billion in crypto notional trading volume — up...

Image generated by CariGold For over a decade, James Howells has tried everything to recover his infamous lost hard drive, the one containing 8,000 BTC, now worth over $900 million. “I am done asking permission,” Howells posted on Aug. 4. “So I’m tokenizing the entire wallet — 8,000 BTC — into 800 billion Ceiniog Coin (INI)–1:1 satoshi value match.” Built on Bitcoin and using the OP_RETURN function, Ceiniog Coin will integrate with projects like Stacks, Runes, and Ordinals. According to Howells, the token is launching in late 2025 — and he’s calling it a direct challenge to the institutions that shut him out. “To the established and distinguished gatekeepers who blocked me for over a decade: You can block the gates. You can pack the...

Image generated by CariGold Bitcoin treasury companies have peaked, says Galaxy’s Novogratz Investing.com -- The surge in companies created to hold cryptocurrencies on their balance sheets has likely reached its peak, according to Galaxy Digital founder and CEO Michael Novogratz. "We’ve probably gone through peak treasury company issuance," Novogratz said Tuesday during Galaxy Digital’s second-quarter earnings call. "The question now is which of the existing companies become monsters." Novogratz highlighted that Ethereum, the second-largest cryptocurrency, already has two major treasury holders - Tom Lee’s BitMine and Joe Lubin’s SharpLink - which he expects will continue to grow. He cautioned that new market entrants may "have a...

Image generated by CariGold Imagine a notebook that everyone in the world can see but no one can erase. Now imagine that this notebook isn’t stored in just one place, but copied and constantly updated on millions of computers at the same time. That, in essence, is what a blockchain is. A blockchain is a digital ledger — a tool used to record information. But unlike a spreadsheet on your computer or a company’s internal database, this ledger isn’t owned or controlled by any single person or company. It lives across a vast network of people, all checking and confirming that everything recorded on it is correct. So, what does a blockchain actually do? Think of every action — like sending cryptocurrencies like Bitcoin, creating a...

Image generated by CariGold Key Points Robinhood Markets (NASDAQ: HOOD) stock is up 500% over the 12 months ending Monday. It's no longer solely the home of the meme investor, and it offers a wide assortment of financial services for customers. You may have missed this past year's gains, but you haven't missed out on the chance to buy Robinhood stock. Here's why. Offering Customers More Robinhood's core product is no-fee investing. That's how it burst onto the markets a few years ago and quickly became the go-to platform for retail investors. Today, it has become a solid player in the financial system, building on that base layer to offer a broad range of investing tools as well as wealth management services and even a credit...

Image generated by CariGold Want to buy a house with crypto? Here's what to expect. So, you put a little mad money into bitcoin a few years ago. Now, your crypto-fueled profit means you have a sweet nest egg to put toward a house. But can you buy a house with crypto rather than using cash or a traditional mortgage loan? What are the roadblocks? And what about taxes? The Trump effect President Trump wants the United States to be "the crypto capital of the world." In that spirit, in late June, Director of the Federal Housing Finance Agency (FHFA) William J. Pulte ordered Fannie Mae and Freddie Mac to "prepare their businesses to count cryptocurrency as an asset for a mortgage." The FHFA supervises Fannie Mae and Freddie Mac, the...

Image generated by CariGold Altcoin rallies will remain ‘short-lived’ for now, says analysts Altseason wen? That’s the question crypto market stakeholders are asking in anticipation of a lush season where altcoin investors will harvest the rewards of their patience as attention and capital flow from Bitcoin into other cryptocurrencies like Solana and XRP. Online interest in altcoins is rising. Data from Google Trends shows search interest for altcoins overtook Bitcoin in July for the first time since November 2024. But even with retail enthusiasm stirring again, some analysts say the market isn’t ready for altcoins to explode. “The broader altcoin market still lacks the sustained capital rotation and structural demand necessary to...

Image generated by CariGold Lean Ethereum proposal could send the blockchain into its ‘Ozempic era.’ Last week Ethereum turned 10, and now the world’s second-most valuable blockchain must cut the baby fat, argues an Ethereum Foundation researcher. His vision, named Lean Ethereum, aims to streamline the blockchain’s bloated code and shield it from future encryption-smashing quantum computers. The diet could also unlock performance improvements, including boosting transaction throughput. “Lean Ethereum is a generational oath to keep Ethereum online no matter what — to scale it without compromise,” he wrote. At this stage, it’s just a proposal. But it appears to have the Foundation’s tacit approval: the Foundation published an...

Image generated by CariGold Peter Thiel-Backed Crypto Firm Bullish Aims to Raise $629M in IPO Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel, said it would be seeking a valuation of more than $4 billion in an initial public offering (IPO). In a regulatory filing Monday, the company said it would be offering for sale 20.3 million shares at a price range of $28 to $31 each, or as much as $629.3 million. In addition, the underwriters have 30 days from the publication of the prospectus to purchase another 3.045 million shares. Bullish added that it planned to initiate the IPO "as soon as practicable after this Registration Statement becomes effective." It noted that BlackRock (BLK) and Cathie Wood's ARK...

Image generated by CariGold Cathie Wood dumps $1.3M in Robinhood to buy top AI stocks Ark Invest CEO Cathie Wood sold Robinhood Markets (Nasdaq: HOOD) shares worth $1.3 million to acquire Nvidia (Nasdaq: NVDA) and Advanced Micro Devices (Nasdaq: AMD) shares worth $4.1 million each on Aug. 4. Robinhood, an old favorite of Wood, is a prominent trading exchange that offers cryptocurrencies and tokenized stocks. On July 30, it reported impressive financial results for the second quarter of the year. The company's net revenue jumped 45% year-over-year (YoY) to $989 million, net income grew 105% YoY to $386 million, and diluted earnings per share (EPS) jumped by a surprising 100% YoY to $0.42. However, President Donald Trump's tariff...

Image generated by CariGold Why Opendoor Technologies Jumped 245% in July Key Points Shares of Opendoor Technologies (NASDAQ: OPEN) soared last month due to speculation fueled by social media platforms, leading to a meme stock surge. Trading volume in the stock spiked, squeezing shorts, and options activity appeared to trigger a gamma squeeze, compelling market makers to buy stocks to cover call options. The excitement peaked on July 21 when the stock took a dive after trading was paused due to confusion over a similarly named entity called Open Doors Partners. Despite the hiccup, Opendoor concluded the month with an impressive gain of 245%, according to S&P Global Market Intelligence. Can Opendoor Keep Climbing? Opendoor entered...

Image generated by CariGold Visa Inc. expanded its stablecoin settlement capabilities by adding support for two more USD-backed stablecoins, Global Dollar (“USDG”) and PayPal Holdings, Inc.’s PayPal USD (“PYUSD”), through a new partnership with Paxos. It also integrated the euro-backed stablecoin EURC and added two additional blockchains, Stellar and Avalanche, to its platform, which already supports Ethereum and Solana. This move allows Visa to handle settlements across four stablecoins and four blockchains, strengthening its multi-chain, multi-currency infrastructure. Visa’s focus on stablecoin technology is expected to play a major role in remittances in the coming days. This expansion positions Visa as a key player in the...

Image generated by CariGold Hims & Hers Health (HIMS) stock fell as much as 5% early Tuesday after the company reported revenue late Monday that fell shy of Wall Street forecasts while maintaining its full-year forecast. The telehealth company posted revenue of $544.8 million in the second quarter, which marked a 73% increase year-over-year but missed analyst estimates for $552 million, according to Bloomberg data. Hims maintained its full-year revenue guidance of $2.3 billion-$2.4 billion. Earnings per share topped forecasts, coming in at $0.17 against expectations for $0.15. The stock had dropped as much as 11% in premarket trade. Hims' slide comes after drugmaker Novo Nordisk (NVO) ended a short-lived partnership between the two...

Image generated by CariGold Innovations in Stablecoins 2025: New GlobalData Report Alert The US and UK are recording the fastest growths in crypto penetration in 2025 due to increased mainstream promotion and supportive institutional and regulatory sentiment in the West. Although still lagging behind many emerging economies, the US’s crypto product holding rate increased to 23.5% in 2025, while the UK’s holding nearly doubled to 18% from 10% last year, according to the annual Financial Services Consumer Survey by GlobalData. GlobalData’s latest report, “Innovation in Stablecoins 2025”, reveals that while these fixed-value digital assets (stablecoins) will inevitably disrupt the payment space in the future, for now, just a third of...

Solana Treasury Company Upexi Surpasses 2M in SOL Holdings Upexi Inc. (UPXI), a diversified brand owner, said its holdings of Solana's sol (SOL) more than doubled in July, taking the total to more than 2 million tokens. The Tampa, Florida-based company, whose brands include LuckyTail, Prax, and Cure Mushrooms, said it funded the purchases by raising more capital through the sale of common stock and convertible notes. “During the month, we raised $200 million and grew our Solana holdings by over 172% to 2 million SOL," CEO Allan Marshall said in a statement. "And we continued to generate additional value for shareholders via an 8% staking yield and additional purchases of discounted locked Solana." July, he said, was a...

Image generated by CariGold Crypto exchange Bullish launches IPO roadshow with $4.23bn valuation goal Bullish, the cryptocurrency exchange backed by investor Peter Thiel, has initiated the roadshow for its initial public offering (IPO), aiming for a valuation of up to $4.23bn. The exchange plans to issue 20.3 million ordinary shares to raise $629m, with an anticipated price range for each share set between $28 and $31. Bullish operates as an institutionally-oriented digital asset platform, offering services such as the Bullish Exchange—a regulated spot and derivatives exchange for digital assets. The platform is overseen by regulators in Germany, Hong Kong, and Gibraltar. The company has indicated that it may offer underwriters...

Image generated by CariGold Coinbase Global (NASDAQ:COIN) stock fell 1% on Tuesday morning after the cryptocurrency exchange announced plans to offer $2 billion in convertible senior notes to qualified institutional buyers. The company intends to offer $1 billion in notes due 2029 and another $1 billion due 2032, with an option for initial purchasers to buy an additional $150 million of each series. The notes will be senior, unsecured obligations with interest payable semi-annually, and will be convertible into cash, shares of Coinbase’s Class A common stock, or a combination at the company’s discretion. In connection with the offering, Coinbase plans to enter into capped call transactions to reduce potential dilution to its Class A...

Image generated by CariGold Coinbase Premium Just Dropped a Huge Signal for Bitcoin’s Price to Hit $130,000 US investors are quietly piling into Bitcoin after a wobble that saw its price decline 4% in the last week amid a $9 billion selloff and late-month geopolitical jitters. The bubbling buying spree is visible in the Coinbase Bitcoin premium gap on CryptoQuant, a market data platform. The metric tracks the difference in the Bitcoin price on Coinbase Pro and other exchanges, including Binance. It has flipped positive, signalling that US demand is rebounding, further fuelling analysts’ bullishness on Bitcoin’s long-term price prospects. “Bitcoin to trade between $130,000 and $150,000 by year-end, assuming continued [exchange-traded...

Image generated by CariGold The clock’s ticking, at least if you’re trying to keep Donald Trump’s crypto czar happy. That’s because David Sacks has set a September deadline to wrap up additional sweeping crypto regulations in the US. After landmark stablecoin rules hit the wire on July 14, all eyes are now on market structure rules. These will regulate the roughly 17,800 other tokens on the market that aren’t pegged to the dollar. If passed, these rules will define which agency will regulate all those other tokens: the SEC or the CFTC. There are two bills at work in the House and Senate, each of which defines how a token would suddenly find itself under the purview of either agency. And if Sack’s September deadline is missed...