Crypto News

Image generated by CariGold Ozzy Osbourne’s death sent this digital asset soaring Black Sabbath's lead vocalist Ozzy Osbourne breathed his last on July 22. From the late 1960s through the 1970s, Black Sabbath became legendary and propelled Osbourne into the era of cult-classic fame. Following his demise at the age of 76, metal fans turned to Osbourne's non-fungible token (NFT) collection “CryptoBatz” in order to bag themselves a memento designed by the “Prince of Darkness” himself. An NFT is a unique digital identifier that is used to certify ownership and authenticity of a digital asset, like art, music, etc. In January 2022, Osbourne had unveiled the bat-themed NFT collection featuring 9,666 digital collectibles. Following his...

Image generated by CariGold Cathie Wood calls latest investment a ‘vote of confidence' ARK Invest CEO Cathie Wood has a keen eye for emerging trends in the technology sector, and her funds' portfolios reflect her dynamic vision. Known for holdings in crypto-native or crypto-related stocks such as Coinbase (Nasdaq: COIN), Robinhood (Nasdaq: HOOD), Circle (NYSE: CRCL), and Elon Musk's Tesla (Nasdaq: TSLA), her investment management firm recently chose to buy a stock that has pivoted toward Ethereum over Bitcoin. ARK Invest purchased $182 million in 4.7 million BitMine Immersion Technologies (NYSE: BMNR) shares, the crypto treasury company announced on July 22. BitMine has recently shifted from BTC to ETH as a treasury asset. The...

Image generated by CariGold What is tokenization? Explained Tokenization converts real-world assets like cash or treasuries into blockchain tokens, enabling global, 24-7 access and automated financial services. Tokenization may sound technical, but it follows a simple three-step process. First, the real-world asset is placed with a custodian — such as cash in a bank account or a fund of the U.S. Treasuries — and is immobilized so it cannot move in its traditional form. Second, a smart-contract–driven token is issued on blockchain rails to represent the locked asset. Explained: What is a cold wallet? Third, that token circulates freely on a blockchain network, giving holders digital claims on the underlying reserve. For cash...

Image generated by CariGold Explainer: What is behind the latest rally in meme stocks? (Reuters) - Retail investors are once again banding together to bet on highly shorted loss-making companies such as Kohl's and Krispy Kreme this week, bringing to mind the "meme stock" frenzy that gripped Wall Street four years ago. The spotlight this time around is on online real estate platform Opendoor Technologies, struggling department store operator Kohl's, donut chain Krispy Kreme, and action camera maker GoPro. What Triggered It This Time? Some market participants have attributed the rally to bullish posts from EMJ Capital portfolio manager Eric Jackson last week. Jackson said his hedge fund has built a long position in Opendoor...

Image generated by CariGold Tokenized assets are going mainstream Think of a tokenized stock as a crypto token that can (but does not always) confer ownership of the underlying stock. Ideally, a company issues a token while it holds shares of the stock that's being tokenized. The investor buys the token from them, and then, in theory, holders of the token can redeem it for shares of the stock if they choose to do so. The price of the token is tightly coupled to the price of the underlying stock, as the token is exchangeable for it. Another, far less desirable, implementation of the tokenization idea is a token that is artificially configured to mirror the price action of the underlying asset, without the token issuer actually owning...

Image generated by CariGold What Happened? Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT) jumped 11.2% in the afternoon session after it became the latest company swept up in a "meme stock" rally driven by retail investors on social media. The doughnut chain's stock surged without any specific company news to justify the move. Instead, the rally was fueled by a social media frenzy, particularly on platforms like X (formerly Twitter), where retail traders targeted the stock. Krispy Kreme became a prime candidate for this type of activity due to its high short interest, which was reported to be over 28% of its publicly traded shares. This phenomenon, known as a "short squeeze," occurs when a heavily shorted stock's price is driven...

Image generated by CariGold Goldman Sachs, BNY Mellon Step into Tokenized Money Market Funds The nation's oldest bank and a big Wall Street firm are wading into tokenization, joining a growing number of money managers experimenting with blockchain technology. Bank of New York Mellon (BK) and Goldman Sachs (GS) on Wednesday said they partnered to "support increased tokenization of financial assets." BNY's LiquidityDirect platform will connect to Goldman's private blockchain, called GS DAP, allowing some institutions to "subscribe and redeem" tokenized versions of money-market funds—though not technically buy and sell the funds themselves. BlackRock (BLK), BNY Investments Dreyfus, Federated Hermes and Fidelity Investments are also...

Image generated by CariGold Key Points Since yesterday afternoon, the price of XRP traded close to 7% down, as of 10:53 a.m. ET today. There's no obvious reason behind the move, but many cryptocurrencies seemed to be struggling today for a few different reasons. ETF delay One notable piece of news occurred after the U.S. Securities and Exchange Commission (SEC) delayed the conversion of Bitwise's crypto index fund into an exchange-traded fund (ETF). Interestingly, the division of trading and markets at the SEC gave Bitwise "accelerated approval" for the ETF conversion yesterday, but then delayed the approval later on, causing confusion. Bloomberg's senior ETF analyst Eric Balchunas wrote on X last night: "I think they want to put...

Image generated by CariGold Block, Inc. (NYSE: XYZ), the tech and financial services company, recently made a few announcements that have sent the company's stock soaring. S&P 500 Inclusion First, the company is set to join the S&P 500, the stock market index tracking the performance of 500 of the largest public companies in the U.S., on July 23. Bitcoin Acceptance Announcement Next, Block's business head, Owen Jennings, announced on July 22 that the company's Square payments system is onboarding merchants to its new Bitcoin acceptance feature. The Square point-of-sale terminal system serves over 4 million U.S. merchants who can potentially pivot toward Bitcoin payments via the Lightning Network. Square integrating Bitcoin payments...

Image generated by CariGold Billionaire Peter Thiel, the billionaire cofounder of PayPal (PYPL) and Palantir (PLTR), has taken a 9.1% stake in BitMine Immersion Technologies (BMNR). This comes just weeks after BitMine appointed Tom Lee, Fundstrat’s head of research, as chairman, and announced a bold new strategy: turning the company into the Ethereum (ETHUSD)-backed version of MicroStrategy (MSTR), now known as Strategy. While most crypto miners are focused on Bitcoin (BTCUSD), BitMine is pivoting to Ethereum, building a treasury worth over $500 million in ETH, and using ETH-per-share as a performance metric. The company is planning to raise $250 million more to continue stacking Ethereum in a big bet on the digital asset's growing...

Image generated by CariGold The DORKs Are Popular This Week With stocks at record highs, there's a new class of meme stocks that's grabbed the attention of retail traders. Absent are the OG meme names GameStop and AMC. Those early favorites have been replaced by another group. The DORKs—an acronym being thrown around by bullish traders to refer to the ticker symbols of Krispy Kreme, Opendoor, Rocket Lab, and Kohl's—are spiking in the last few days, with the burst of enthusiasm sparked by a stunning rally in Opendoor stock that's mostly cooled off even as the rest of the group surges. It's looking similar to 2021, when everything from crypto to pandemic-era blank check firms to highly-shorted companies with weak financials were...

Image generated by CariGold Alexander Hamilton's bank, Goldman Sachs embrace digital tokens to trade money markets 24/7 Goldman Sachs (GS) and the Bank of New York Mellon (BK) are teaming up to make it easier for institutional investors to trade money market funds 24/7 by using blockchain technology to "tokenize" the assets. The collaboration between the Wall Street investment giant and a 241-year-old bank founded by Alexander Hamilton is the latest example of how venerable financial firms are pushing further into the digital asset realm as the crypto industry gains more favorable regulatory treatment in Washington, D.C. Goldman Sachs and Bank of New York Mellon will use a proprietary tokenization platform developed by Goldman to...

Image generated by CariGold Alexander Hamilton's bank and Goldman embrace digital tokens to trade money markets 24/7 Goldman Sachs (GS) and the Bank of New York Mellon (BK) are teaming up to make it easier for institutional investors to trade money market funds 24/7 by using blockchain technology to "tokenize" the assets. The collaboration between the Wall Street investment giant and a 241-year-old bank founded by Alexander Hamilton is the latest example of how venerable financial firms are pushing further into the digital asset realm as the crypto industry gains more favorable regulatory treatment in Washington, D.C. Goldman and Bank of New York Mellon will use a proprietary tokenization platform developed by Goldman to maintain...

Image generated by CariGold The cryptocurrency rally has been continuing despite a mixed bag of economic data released over the past couple of weeks. The Federal Reserve is likely to keep interest rates unchanged, while uncertainty over the impact of President Donald Trump’s tariffs is again raising concerns over the economy’s future. Bitcoin (BTC), which hit an all-time high last week, has managed to hold its ground and has surpassed expectations of analysts. The cryptocurrency is on track to hit another new all-time high, and experts believe that it has the potential to surpass $150,000 this year. Given this situation, it would be ideal to invest in crypto-focused stocks. We have selected three stocks, namely Visa Inc. V, Robinhood...

Image generated by CariGold Prediction: Buying the iShares US Technology ETF (IYW) Today Could Set You Up for Life You might have clicked into this article skeptically, thinking it's unlikely that any particular investment could set you up for life. But it's true -- lots of investments can set you up for life, as long as you follow a few rules. These include: Here's a look at a particularly promising investment -- the iShares US Technology ETF (NYSEMKT: IYW). It's an exchange-traded fund (ETF) -- a fund that trades like a stock. Why the iShares US Technology ETF? A key reason why this ETF may set you up for life is that it's been a very strong performer over many years. Check it out in the table below, where I'll also include...

Image generated by CariGold BNB Chain News: BNB Hits ATH as Treasury Companies Expand TL;DR: Bitcoin's dominance is breaking down, sending altcoins soaring. With the CMC Crypto Fear and Greed Index now squarely in the greed category, it’s safe to say bullish sentiment has returned. With that in mind, let’s see how the BNB Chain sector shaped up this week. BNB Chain Market Recap The BNB Chain sector is on fire, with an across-the-board pump sending its market capitalization (mcap) to an all-time high (ATH). More than $24.4 billion was added to the sector in one of the best weeks on record. Much of this growth is attributed to the standout performance of BNB, which added 14.1% this week and briefly tapped a new ATH of $804. A wave...

Image generated by CariGold Goldman, BNY Team Up to Launch Tokens Tied to Money Market Funds Goldman Sachs and BNY have joined hands to launch digital tokens that mirror shares of money market funds, deepening Wall Street's push to bring blockchain technology into traditional finance. Investors can now buy and sell money market fund shares on BNY's LiquidityDirect platform, with a digital record of those shares created on Goldman's blockchain system, the two financial giants said on Wednesday. The move marks an early step toward modernizing the infrastructure that underpins most of the financial ecosystem. If adopted broadly, it could make it easier and faster for institutional investors to use these assets as collateral and reduce...

Image generated by CariGold Key Points U.S. lawmakers passed the Genius Act on July 17, and President Donald Trump signed it into law a day later. It was a historic moment, as this is the first piece of legislation regulating the cryptocurrency industry. Specifically, it regulates stablecoins, cryptocurrencies designed to maintain a value tied to a fiat currency. USDC (CRYPTO: USDC) is the second-largest stablecoin by market cap, and it's a stablecoin worth considering. Here's why. 1. It's fully backed by publicly visible reserves The most important feature in a stablecoin is that it maintains its peg to a fiat currency. If a stablecoin loses its peg, it can be disastrous. People liquidate their holdings as quickly as possible...

Image generated by CariGold Bybit and Cactus Custody Launch Secure Trading Solution Bybit, the world's second-largest cryptocurrency exchange by trading volume, has formed a strategic partnership with Cactus Custody, an Asia-based digital asset custodian owned by the Matrixport Group. The collaboration delivers a new off-exchange settlement solution via Cactus Oasis, with the service expected to launch on July 28, 2025. This integration is specifically designed for institutional and professional clients, allowing them to trade on Bybit without having to pre-fund exchange accounts. In order to lower counterparty risk and preserve access to market liquidity, clients place collateral into Cactus Custody, where assets are kept in...

Image generated by CariGold The First Trust Natural Gas ETF (FCG) was launched on 05/08/2007 and is a passively managed exchange traded fund designed to offer broad exposure to the Energy - Natural Gas segment of the equity market. While an excellent vehicle for long-term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency. Investor-friendly sector ETFs provide many options to gain low-risk and diversified exposure to a broad group of companies in particular sectors. Energy - Natural Gas is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 16, placing it in bottom 0%...