Crypto News

Image generated by CariGold Key Points The cryptocurrency market, now valued at about $4 trillion, is starting to once again win over investors. The industry is attracting capital and interest as the current presidential administration adopts a friendly stance toward digital assets. However, there's one cryptocurrency that continues to be a favorite among powerful and wealthy people. Just consider billionaire Michael Saylor's take. The tech entrepreneur has been extremely vocal about his bullishness toward Bitcoin (CRYPTO: BTC), even totally changing the operational blueprint of the business he co-founded, Strategy (formerly known as MicroStrategy). He thinks that the world's top cryptocurrency will soar 17,400% from its current...

Image generated by CariGold Can a $1,000 Investment in Cardano Turn Into $10,000 by 2030? Key Points Investors love to have a good 10-bagger story to tell their friends, but the market rarely hands them out on cue. Still, crypto has a way of helping hope to spring eternal. In that vein, could it be the case that Cardano (CRYPTO: ADA) could turn a modest $1,000 stake into $10,000 by 2030? Let's see how the ledger stacks up. Could the numbers add up here? Today, Cardano changes hands near $0.89, giving the network a market cap of about $31 billion. To increase 10-fold, the token would need to trade at about $8.90, implying a market cap of roughly $310 billion. That kind of leap would demand not only stellar execution from the...

Image generated by CariGold Key Points The passage of landmark stablecoin legislation this summer could have far-reaching implications beyond just the financial sector. The Genius Act opens the door for nonbanks to issue stablecoins of their own, potentially expanding the number of retailers that offer stablecoins to their customers. In June, reports emerged that both Amazon and Walmart were secretly planning stablecoins of their own. It is presumed that all they needed was the ink to dry on the new stablecoin legislation to get started. Here's why stablecoins could change everything for them. Profitability and Cost Savings As they say, always follow the money. The money in this case is the potential cost savings from using...

Image generated by CariGold Key Points Most cryptocurrencies are extremely volatile, with prices changing dramatically over short periods. Stablecoins are the exception, as they're intended to maintain a fixed value relative to fiat currency. Dai (CRYPTO: DAI) is distinct from other U.S. dollar stablecoins. Unlike others, DAI tokens are not backed by fiat reserves but by overcollateralized crypto loans. Smart contracts manage Dai's issuance of new tokens. DAI is not a typical cryptocurrency investment like Bitcoin or Ethereum, yet there are compelling reasons to consider buying Dai. 1. Support decentralization Dai stands out among stablecoins due to its decentralized management system. It is governed by a decentralized, autonomous...

Image generated by CariGold Scams, forgotten passwords, and lost fortunes: Meet the digital locksmith who helps people get their bitcoin back Forgetting your Instagram password is annoying. Forgetting your crypto wallet password could be devastating. Crypto owners don't have the luxury of emailing themselves a password reset link if they're locked out of their self-custody wallet. It's an issue that's becoming bigger as bitcoin and other cryptos surge in price, and crypto holders scramble to retrieve previously abandoned wallets. For Julia Burlingham, who owns the business Professional Crypto Recovery, business is booming. "When the price of bitcoin goes up, my phone rings all day," Burlingham said. Burlingham started her business...

Image generated by CariGold Stablecoins Are on the Rise. 3 Reasons Investors Should Pay Attention to This Popular Cryptocurrency Key Points Passage of landmark new crypto legislation (the Genius Act) has led to a surge of positive sentiment about stablecoins. Some investors now think they have the potential to disrupt entire industries. Although some of this hype and buzz may be overblown, investors still need to pay attention. Here are three key ways that stablecoins could influence your investment strategy. 1. Impact on the business models of top companies Stablecoins, which are cryptocurrencies pegged 1:1 to a fiat currency such as the U.S. dollar, have the potential to affect the business models of companies that have nothing...

Image generated by CariGold Key Points Recent developments have created a more favorable regulatory backdrop for the cryptocurrency industry. That should give investors confidence when assessing whether they will put money to work. But among the sea of choices out there, it can feel like an impossible task trying to pick one. I think it's best to keep things simple. If you have $1,000 that you're ready to invest in this exciting asset class, look no further than this top cryptocurrency. I view it as the smartest investment to make in the sector. Already a winner The entire crypto market is valued at roughly $4 trillion, as of July 24. However, there's one digital asset that reigns supreme. Bitcoin (CRYPTO: BTC), which carries a...

Image generated by CariGold Key Points I like dividend stocks. You probably should, too, even if you aren't interested in the income they provide. Dividends have driven a significant chunk of the S&P 500's total return over the long run. It's easy to succumb to analysis paralysis when trying to decide which dividend stocks to buy, though. There are over 5,800 stocks that pay dividends trading on U.S. stock exchanges. I think I might be able to help -- and you won't need a huge amount of cash to invest in these stocks. They're all trading under $200 per share as I write this. Here are my picks for the smartest dividend stocks to buy with $350 right now. 1. AbbVie AbbVie (NYSE: ABBV) offers pretty much everything you'd want in a...

Image generated by CariGold Key Points Everyone wants to believe that the next coin they buy will vault from pocket change to private-jet territory. Two popular hopefuls today are Cardano (CRYPTO: ADA) and Shiba Inu (CRYPTO: SHIB). Both enjoy large and enthusiastic online followings, and plenty of social media oxygen. But do they really have the right ingredients to turn a modest stake into seven figures any time soon? And which is more likely to accomplish that very ambitious goal? Traction matters here Cardano's market cap is near $31 billion today, up by nearly double during the past 12 months, keeping it safely in the list of crypto's top 10 largest coins. That heft alone makes a 100-fold price explosion very hard to imagine...

Image generated by CariGold Analysts See XRP Hitting $4, Solana $250 as ETF Buzz Builds XRP is regaining investor attention as a wave of ETF-driven optimism and post-lawsuit momentum builds around the token — even amid price turbulence and large-scale liquidations earlier this week. According to Bitget Wallet CMO Jamie Elkaleh, institutional confidence has improved since Ripple’s partial legal win in March, paving the way for futures products like ProShares’ UXRP and fueling speculation around a potential spot ETF. “XRP is regaining market momentum as renewed ETF speculation intersects with increasing legal clarity,” Elkaleh said. “This shift is boosting market depth and signaling a structural step forward for XRP’s legitimacy in...

Image generated by CariGold Bitcoin (BTC) rebounded on Friday from its overnight dip below $115,000, back to its familiar range it traded for the past two weeks. The largest crypto recently changed hands at $117,200, still down 1.2% over the past 24 hours. Galaxy Sale of Satoshi-Era Bitcoin Some analysts noted the dip coincided with asset manager Galaxy moving large amounts of BTC to exchanges overnight, likely related to the bitcoin whale that sent around $9 billion worth of BTC to trading desks this month. The wallets held BTC since the early years of Bitcoin's history, transferring the assets after being dormant for more than a decade. Later on Friday, Galaxy confirmed that it completed the sale of all 80,000 BTC on behalf of a...

Image generated by CariGold Red Light Holland, a Canadian company that produces functional mushrooms and psilocybin truffles, has selected Arch Public Inc. as its primary partner to assist in managing its Bitcoin investment strategy. The decision comes after Red Light Holland announced it will invest up to C$2 million in Bitcoin and other digital assets. As part of this goal, the business has already put C$210,000 into a Bitcoin ETF. On July 15, the firm took on Scott Melker, a renowned crypto Key Opinion Leader, as its Bitcoin advisor. Red Light Holland added Bitcoin to its balance sheet since it was having trouble with its banking because of its work in the psychedelics industry. The firm viewed Bitcoin as a means to achieve...

Image generated by CariGold Key Points Solana (CRYPTO: SOL) is selling off Friday amid valuation pressures impacting the broader cryptocurrency market. The token was down 2% over the past 24 hours as of 5:20 p.m. ET. Meanwhile, Bitcoin was down 1.3%, and Ethereum was down 0.3%. Top cryptocurrencies are seeing sell-offs today following Tesla's disclosure that it had sold 75% of its Bitcoin holdings in the second quarter. The crypto market has seen a significant recovery since the morning trading hours, but Solana is still in the red. Solana slips as Tesla discloses Bitcoin sale With the Q2 report Tesla issued yesterday, the company showed that it had sold 75% of its Bitcoin holdings in Q2. The news has caused investors to become...

Image generated by CariGold Meme-Stock Roar Fades on Wall Street as Retail Finds New Thrills (Bloomberg) -- It was once a symbol of rebellion against the well-heeled Wall Street establishment. Today, it’s just another day in markets. This week proved the point. Opendoor surged 43% in a single day. Krispy Kreme rallied 39% in a matter of hours. GoPro briefly spiked 73%. Reddit message boards lit up once again with rocket emojis and call-option bravado. Yet it wasn’t the magnitude of the surges that mattered — but the indifference they met. Customary warnings about speculative excess fell on deaf ears. What once felt seismic now feels like a normal part of daily trading — another episode in a US financial system where bursts of retail...

Image generated by CariGold Hyperliquid competitor attracts $100m in deposits as airdrop hunters pile in Another decentralised perpetual futures exchange is gaining attention as investors pile in amid an airdrop campaign. Sector leader Hyperliquid ran a lucrative airdrop campaign last year, from which some of its users earned millions of dollars. The campaign inspired several competitors. Among the buzziest is edgeX, a layer 2 blockchain offering perpetual futures trading. EdgeX deposits have grown to over $100 million in July, a 1,000% increase since the start of the month. Launched in August 2024, the blockchain saw record trading volume of over $13.5 billion in November. But investors’ deposits in the protocol have remained below...

Image generated by CariGold Ledn launches Bitcoin Private Wealth Program for high net-worth clients Bitcoin lending firm Ledn has launched its Private Wealth program, targeting high-net-worth individuals, institutions, and corporates seeking to borrow against their Bitcoin holdings for a long term. The program, designed for clients with at least $250,000 in active loans, aims to create a more formalized way to receive personalized service that has historically been provided informally. Some of the benefits include faster processing of funds, relationship managers, and discount loan rates for loans exceeding $1 million. Clients will also have access to loan rebalancing and events hosted by Ledn's executive team. The move indicates...

Image generated by CariGold How Bitcoin’s boom-bust cycles are changing Bitcoin price has long followed a familiar rhythm: every four years, a halving slashes the new supply of coins, setting off a bull run. Then, when the price gets too frothy and sentiment a pinch too euphoric, traders take profit and the price nosedives into a bear market. That playbook is now dead, according to Matt Hougan, chief investment officer at Bitwise. But not everyone agrees with him. “The forces that have created prior four-year cycles are weaker,” Hougan said on X on Friday. “The halving is half as important every four years, the interest rate cycle is positive for crypto, and blow-up risk has attenuated.” For Hougan, the structural forces behind...

Image generated by CariGold What are tokenized stocks? Explained Tokenized stocks “will very much lead to a similar innovation in asset management and brokerage” as stablecoins did for payments. Tokenization takes traditional assets — like cash or equities — and represents them as digital tokens on blockchain rails. Tokenized stocks follow the same three‑step process as stablecoins. First, the underlying stock is placed in a custodian or clearing broker account and immobilized. Second, a token is issued on a blockchain to represent that share. Third, the token can move freely on‑chain, granting holders a digital claim on the locked stock. Explained: What is tokenization? How tokenized stocks work Stablecoins work by having cash...

Image generated by CariGold Why Dogecoin Is Sinking Today Key Points Dogecoin (CRYPTO: DOGE) is falling in Friday's trading. The cryptocurrency's token price was down 5.2% over the previous 24 hours of trading as of 1:45 p.m. ET. Meanwhile, Bitcoin and Ethereum were both down 2.5%. Investors are continuing to take profits on cryptocurrencies on the heels of a huge valuation surge that's taken place over the last several months. News that Tesla sold substantial Bitcoin holdings in the second quarter may also be weighing on Dogecoin today. Dogecoin slips after Tesla's Bitcoin sale disclosure Cryptocurrency valuations recently saw strong run-ups in conjunction with Bitcoin's token price climbing above $123,000 for the first time and...

Image generated by CariGold Why XRP (Ripple) Is Sinking Today Key Points Since yesterday afternoon, the price of XRP has traded 5.6% lower, as of 1:12 p.m. ET today. There's no obvious reason behind the move, but a few events likely explain it. Ripple founder makes a big move Many cryptocurrencies were under pressure today, as momentum across the sector seemed to fade a bit this week. It could have to do with renewed focus on tariffs, as President Donald Trump's key Aug. 1 deadline approaches. While the U.S. has struck several trade deals, Trump also recently said that reciprocal tariffs are not likely to go below 15%, which is higher than many assumed the end rate would be. This level is still quite high and could result in...