Crypto News

Image generated by CariGold Why SpaceX just moved $153M in Bitcoin after three years SpaceX, the private space exploration company owned by Elon Musk, has successfully transferred 1,308 Bitcoin — worth roughly $152.91 million — to an external wallet for the first time in more than three years, according to blockchain analytics company Arkham Intelligence. The transfer occurred on July 21 and signals a monumental change in SpaceX's crypto strategy, as the company has only moved its Bitcoin once before, transferring 3,505 Bitcoin to Coinbase in 2021, which were worth $36.88 million at the time. As of July 22, SpaceX alone holds $828.64 million worth of Bitcoin at the current price of around $118,000. This most recent transaction...

Image generated by CariGold Buyer Beware! There’s More Than Meets the Eye with This Red-Hot Stock. This is a caution for all investors. It’s always important to complete due diligence before you press that BUY button. If it looks too good to be true, it probably is! Today’s Featured Stock: Valued at $85 million, VirnetX (VHC) is engaged in developing products for real-time communications such as instant messaging and voice over internet protocol (VoIP), commercializing its patent portfolio and providing contract research, prototyping, systems integration, and technical services. More News from Barchart What I’m Watching: I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with...

Image generated by CariGold Key Points Bitcoin (CRYPTO: BTC) and many other cryptocurrencies have soared to new all-time highs in recent weeks. Looking for under-the-radar crypto investments with high growth potential? Start your research with this handpicked list of cryptocurrencies. 1. Solana Ethereum competitor Solana (CRYPTO: SOL) is a bit more centralized, focusing more on high-speed, low-cost transactions. The upside to more centralization is that Solana can handle up to 65,000 transactions per second while Ethereum is typically limited to around 119 transactions per second. Solana's fees are also lower, especially during periods of high network congestion. These advantages have attracted many projects to Solana's...

Image generated by CariGold Coinbase and PNC to work together as crypto reaches for Main Street The largest US cryptocurrency exchange and a Pittsburgh regional lender announced a strategic partnership Tuesday that shows how upstart crypto and old-school banking are coming closer together. The new arrangement between Coinbase Global (COIN) and PNC Financial Services Group (PNC) will give retail and institutional customers of the seventh-largest US bank a way to buy, sell, and hold cryptocurrencies through their PNC accounts. PNC will also begin providing Coinbase with select banking services, including settlement, as part of the agreement. “Partnering with Coinbase accelerates our ability to bring innovative, crypto financial...

Image generated by CariGold President Donald Trump’s feud with Federal Reserve Chair Jerome Powell isn’t new. For months, the president has criticized the Fed chair, whom he appointed to the role in 2017, for refusing to lower interest rates. Since Trump entered the White House in January, he has repeatedly called on Powell to step down amid disagreements over rate cuts. However, Trump has denied that he plans to fire Powell, saying, “I think it’s highly unlikely, unless he has to leave for fraud.” Despite reassurances, this kind of political interference could impact financial markets, including crypto. Increased Volatility in Crypto Markets Reports of Powell’s firing have already sent shockwaves through markets. U.S. Treasury...

Image generated by CariGold Telegram is expanding access to its crypto wallet for its 87 million users in the U.S. The TON wallet, named because it is built on the TON blockchain, is integrated directly into the Telegram app. By existing within the app, Telegram’s crypto wallet is supposed to form an easier onramp for new crypto users. Telegram has offered crypto wallets to international users since 2023, though it was unable to roll out in the US until now due to regulatory uncertainty. Telegram says more than 100 million global users activated their wallets last year, which is about 10% of Telegram’s 1 billion active users. Public data shows that about 334,000 transactions are processed on the TON blockchain per day. This article...

Image generated by CariGold 2 Real Reasons Amazon and Walmart Could Replace Your Bank Move over credit cards, because they may not be the most convenient way to pay for goods at major retailers — specifically Amazon and Walmart. These two retail giants may be launching their own stablecoins, or a kind of cryptocurrency that’s tied to a different asset that has a “stable” price, like gold. If these companies do end up launching stablecoins, it could mean that you’ll be able to pay through their apps and website directly, skipping banks and credit cards altogether. Why Amazon and Walmart Want To Launch Stablecoins PaymentsJournal reports that it could save these companies billions in transaction fees. Called the interchange fee, this...

Image generated by CariGold Coca-Cola's Q2 Profits Surpass Estimates While Sales Fall Short The Coca-Cola Company (KO) posted better second-quarter profits than analysts had projected on Tuesday morning, while sales fell short. The soda maker said Tuesday it earned a "comparable," or adjusted, $0.87 per share, 4 cents better than estimates, while revenue rose 1% to $12.5 billion in the quarter, just below the analyst consensus compiled by Visible Alpha. Coca-Cola narrowed its full-year profit forecast, saying it expects comparable EPS to grow by about 3% from $2.88 in 2024, compared to its previous 2% to 3% range. Comparable revenue and EPS are each expected to be negatively impacted by currency exchange rates in the third quarter...

Image generated by CariGold Why embedded finance is the next growth frontier for banks and merchants Embedded finance and digital wallets are no longer fringe features - they are now fundamental to how consumers shop, borrow, and engage with brands. For financial institutions and merchant acquirers, this is more than a technology shift. It’s a strategic inflection point that presents both risk and reward. Demand for flexible finance is growing – but so too is demand for solutions that are secure, fully regulated, and seamlessly integrated. Our collaboration with Visa on the recent 'Payments Disrupted' forum made one thing clear: embedded lending is no longer viewed as a consumer gimmick. It’s becoming an infrastructure-level decision...

Image generated by CariGold The Rally Still Has Legs The macroeconomic and monetary factors at play today all point toward the crypto sector's bull run having plenty of juice left. First, central banks from Europe to China are already cutting their interest rates, thereby reducing the cost of borrowing and increasing liquidity, and there is likely to be more easing through the end of the year, potentially in the U.S. as well. Cheaper money usually finds its way into risk assets like crypto, which tends to act like a levered bet on that rising tide. Second, institutional demand is here, and it's powerful. June saw $4.6 billion worth of inflows into Bitcoin exchange-traded funds (ETFs), propelling the coin to record highs. The same...

Image generated by CariGold Embedded finance and digital wallets are no longer fringe features - they are now fundamental to how consumers shop, borrow, and engage with brands. For financial institutions and merchant acquirers, this is more than a technology shift. It’s a strategic inflection point that presents both risk and reward. Demand for flexible finance is growing – but so too is demand for solutions that are secure, fully regulated, and seamlessly integrated. Our collaboration with Visa on the recent 'Payments Disrupted' forum made one thing clear: embedded lending is no longer viewed as a consumer gimmick. It’s becoming an infrastructure-level decision for large and mid-market merchants. Those who adapt can unlock entirely...

Image generated by CariGold Should First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) Be on Your Investing Radar? If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the First Trust SMID Cap Rising Dividend Achievers ETF (SDVY), a passively managed exchange traded fund launched on 11/01/2017. The fund is sponsored by First Trust Advisors. It has amassed assets over $8.30 billion, making it one of the larger ETFs attempting to match the Mid Cap Value segment of the US equity market. Why Mid Cap Value Mid cap companies have market capitalization between $2 billion and $10 billion. They usually have higher growth prospects than large cap companies and are less...

Image generated by CariGold The Invesco Biotechnology & Genome ETF (PBE) was launched on 06/23/2005 and is a smart beta exchange traded fund designed to offer broad exposure to the Health Care ETFs category of the market. What Are Smart Beta ETFs? For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies and are a...

Image generated by CariGold SFO Freezes Crypto Assets Linked to Arena TV Investigation The UK’s Serious Fraud Office (SFO) has frozen £10,865.76 ($14,660.25) in Bitcoin and £289.30 in USDC linked to Richard Yeowart, the CEO of the collapsed Arena TV. This move is part of an ongoing investigation and represents the first use of powers introduced last year to freeze cryptocurrency assets. According to the press release, the assets were identified by SFO proceeds of crime specialists as linked to suspected criminal activities. Following a hearing at Westminster Magistrates’ Court, the assets will be held for up to nine months, allowing any affected parties to come forward. The investigation has so far included a raid, three arrests, and...

Image generated by CariGold Trump Media stock tests the limits of bitcoin accumulation This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every morning along with: Strategy (MSTR) makes it look easy. Put larger amounts of bitcoin (BTC-USD) on your balance sheet and watch the numbers get bigger. The corporate finance maneuver has drawn a loyal following. But while executives are imitating the process, not everyone is replicating the results. On Monday, Trump Media (DJT) announced it had purchased $2 billion in bitcoin and related securities as part of its bitcoin treasury strategy. The move is the latest example of public companies purchasing bitcoin and, now, ethereum (ETH-USD) to...

Image generated by CariGold The strategic needs and challenges facing fintech businesses Fintech businesses, especially those in the digital assets sector, represent a fundamentally different generation of global business. Unlike more traditional sectors, they are inherently decentralised, agile, and borderless, allowing them to operate across borders with speed and efficiency. While conducting business in this fashion, global fintech leaders navigate the turbulence of the geopolitical landscape, the absence of a unified regulatory standard, and an uncertain macroeconomic environment. In recent developments, the US administration has adopted a pro-crypto stance, implementing lighter regulation and promising to abolish 'Operation...

Image generated by CariGold Key Points There are thousands of cryptocurrencies, and the sector has achieved far more than most could have ever imagined. Most cryptocurrencies are not investable, in my opinion, given that they have no unique use case. But there is a group of cryptocurrencies that are very intriguing. That doesn't necessarily mean they will all succeed, but they are definitely worth a look. Cardano (CRYPTO: ADA) falls into this category. The token operates on its own network, which has many attractive qualities. Since launching in 2017, Cardano is up more than 630% (as of July 17). Could a $10,000 investment in the token turn into $1 million by 2035? A very strong technical network Not all cryptocurrencies run on...

Image generated by CariGold Key Points When a company creates a significant amount of value over the long term, its stock price can soar into the hundreds or even thousands of dollars, which makes it difficult for the average retail investor to buy whole shares. But a stock split solves that by increasing the number of shares in circulation, which organically reduces the price per share by a proportionate amount. It doesn't change the underlying value of the company, it just makes the stock more accessible to smaller investors. Interactive Brokers (NASDAQ: IBKR) operates one of the world's largest online investing platforms for stocks, options, futures, and cryptocurrencies. Its stock has gained more than 700% since going public in...

Prediction: XRP (Ripple) Will Be Worth $5 Within 2 Years Key Points At today's price near $3.60, XRP (CRYPTO: XRP) already feels like a train after it left the platform. Yet a quick 50% sprint to $5 wouldn't be so different from how it hit its 2021 high, so it's likely that the party is just getting started. XRP's story has always been about expediting the transfer of assets across borders faster and cheaper than legacy banking tech. During the next 24 months, a cluster of institutional, technical, and policy catalysts could tighten supply, deepen demand, and make the $5 price look like the new norm. Here's why I predict it will happen. These catalysts are having a strong effect XRP is hot right now because it's exposed to quite a...

Image generated by CariGold JPMorgan is eyeing a major expansion into crypto-backed lending and is considering offering loans secured directly by clients’ cryptocurrency assets—including bitcoin (BTC) and ether (ETH), according to a report by the Financial Times. With the bullish crypto regulatory environment under the Trump administration, JPMorgan may launch these crypto‑backed loans as soon as next year, the report said, citing people familiar with the matter. Traditionally cautious, JPMorgan already allows clients to borrow against crypto exchange-traded funds (ETFs), such as BlackRock’s iShares Bitcoin Trust (IBIT). This next phase would deepen its commitment to digital assets, marking a shift under CEO Jamie Dimon’s leadership...