Crypto News

Image generated by CariGold Bittensor Infrastructure Firm xTAO to Debut on Canada's TSX Venture Exchange Bittensor-focussed infrastructure firm xTAO made its public debut on Canada’s TSX Venture Exchange, after raising $22.8 million from Animoca, DCG and other institutional funds, to scale its validator operations and support the growth of decentralized artificial intelligence (AI). The company will use the funds to expand its validator operations and build real-world products on top of Bittensor’s open network. xTAO's listing comes just days after TAO Synergies announced a $10 million purchase of the TAO token, signaling growing institutional interest in decentralized AI infrastructure. While TAO Synergies made its bet as a...

Image generated by CariGold Solana Breaks $200 as Jito’s BAM Draws Bullish Bets Solana (SOL) surged past the $200 mark for the first time since March, as network player Jito introduced the Block Assembly Marketplace (BAM), a move that some observers said boosted investor interest in SOL. The token jumped nearly 9% in the past 24 hours, peaking at $203 before slight profit-taking. SOL’s rally was backed by strong flows into derivatives, with the SOL CD20 product posting an 8.87% gain and volume nearly tripling to 4.87 million units, per CoinDesk Analytics. The breakout followed the announcement of BAM, a new high-performance block-building architecture developed by Jito Labs and the Jito Foundation. Scheduled to go live in the coming...

Image generated by CariGold Opendoor Technologies (OPEN) shares surged Monday as retail traders bid up Wall Street’s newest meme stock sensation. Shares in the online residential real estate platform soared as much as 120% before giving back some of those gains as traders booked profits into the close. The stock nearly tripled in value last week after EMJ Capital founder Eric Jackson made favorable comments and members of a Reddit trading community behind the GameStop (GME) meme stock frenzy in 2021 began sharing screenshots of their Opendoor trades. The shares have soared more than six-fold from last month’s low to trade at $3.21 a piece, good news for a company that faced a potential Nasdaq delisting in May because its stock traded...

Image generated by CariGold Asia Morning Briefing: U.S. BTC ETF Inflows Dwarf Hong Kong's as Local Investors Stick With Stocks 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. Data from CoinShares continues to highlight the gap in investor enthusiasm between the U.S. and Hong Kong when it comes to bitcoin (BTC) ETFs and other listed digital asset products. Digital asset products in the U.S. generated $4.36 billion in inflows last week, accounting for nearly the entire global total of $4.39 billion, according to CoinShares. In Hong Kong, inflows into crypto ETFs totaled just $14.1 million...

Image generated by CariGold MicroStrategy, now renamed Strategy, made a fresh IPO of 5 million shares of its newest perpetual preferred stock: $STRC, aka “Stretch," on July 21. The offering, led by chief executive Phong Le and executive chairman Michael Saylor, is being sold as a strategic complement to their growing suite of Bitcoin-linked investment products. But the news is already stirring debate online. Crypto commentator RunnerXBT said, "stretch investors bout to have their a**es, stretched," which reflects the more general cynicism on social media that Strategy may be overexposing itself to a bullish Bitcoin by offering more complex products. How is Stretch different from Strategy's other products? In a live investor...

Image generated by CariGold Trump's Company is Shockingly One of the Top Holders of Bitcoin Trump Media & Technology Group or TMTG (Nasdaq: DJT) announced on July 21 that it has added 2 billion worth of Bitcoin to its corporate treasury. With this surprising move, the media company, majority-owned by President Donald Trump, has joined the elite club of the largest corporate holders of the world's largest cryptocurrency. TMTG holds 18,430 BTC worth more than $2 billion at the time of writing, making it the fifth-largest publicly traded corporate holder of Bitcoin. Michael Saylor's Strategy (Nasdaq: MSTR) continues to lead the pack, with $71.2 billion in BTC on its balance sheet. The business intelligence firm transformed into a...

Image generated by CariGold Fresh on-chain data from on-chain analytical platform Glassnode shows that 99.6% of XRP's circulating supply is sitting in profit, meaning that hardly anyone wants to sell at a loss. This figure highlights the substantial price hikes XRP has undergone over the past weeks, rising to $3.64 at one point. XRP investor sentiment has also reached the verge of euphoria; the percentage of supply in profit is currently near an 18-month high. This spike is occurring as both futures open interest and 24-hour trading volumes have rapidly increased simultaneously, suggesting that it is not just retail investors who are getting long, with the percentage of supply in profit at one of its highest levels since 2018 when...

Image generated by CariGold Toronto-based 3iQ Digital Asset Management is betting big on making crypto assets secure, liquid, and accessible—especially for traditional investors still cautious about diving into the space. Founded in 2012 and led by CEO Pascal St-Jean, the firm has evolved from a traditional asset manager into a crypto-native player with a global footprint. St-Jean, whose background spans open-source software and AI, saw Bitcoin early on as more than a tech novelty. “As a technologist, it clicked for me,” he said in an interview. “Bitcoin made sense not just as a protocol but as an investment.” That vision aligned with 3iQ’s early interest in alternatives—years before crypto went mainstream. In 2020, 3iQ launched the...

Image generated by CariGold After President Trump signed the GENIUS stablecoin Act into law on Friday, the crypto industry is anxiously awaiting what wave of adoption may come next. At the signing ceremony, President Trump once again invoked the idea that America was on the verge of a “golden age” as the government finally delivers clarity for those looking to leverage the newest tech in finance. He set expectations pretty high. “The golden age of America is upon us,” he said. “With today’s signing, the future of crypto and the crypto industry, the US dollar working together … is going to be stronger and bigger and better than ever before.” To capitalize on what’s to come, there are a few strategies afoot that are pumping prices...

Image generated by CariGold CEO of Africa's Largest Stablecoin Company on Growth Chris Maurice, CEO of Yellow Card, says the crypto industry has seen a great run in the months following the 2024 US Presidential election. He joins Romaine Bostick on 'Bloomberg: The Close' to discuss the growth of FinTech and cryptocurrencies in Africa. This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/ceo-africas-largest-stablecoin-company-224621740.html

Image generated by CariGold Key Points Dogecoin (CRYPTO: DOGE) stock is seeing modest gains in Monday's trading. The cryptocurrency's token price was up 0.4% over the previous 24 hours of trading as of 5:30 p.m. ET. Meanwhile, Bitcoin was down 0.7% and Ethereum was up roughly 0.4%. After a huge run-up in valuations for altcoins in the previous week of trading, the cryptocurrency market is seeing a day of relative calm today. Dogecoin has barely climbed over the last day of trading, but it's still up approximately 36% over the last seven days. Dogecoin is up but mostly taking a breather today Dogecoin was one of the biggest winners among major cryptocurrencies in last week's trading. The token saw big gains in conjunction with the...

Image generated by CariGold Key Points Ethereum (CRYPTO: ETH) has been moving slightly higher in Monday's trading. The cryptocurrency's token price was up 0.4% over the previous 24 hours of trading as of 5:45 p.m. ET. Meanwhile, Bitcoin was down 0.6% across the stretch. Ethereum is inching higher today as moderate bullish momentum for altcoins continues to persist after last week's massive rally. Ethereum is now up roughly 25% over the last seven days of trading. Ethereum is continuing to climb Ethereum posted massive gains last week thanks to the "Crypto Week" legislative push and the Genius Act being signed into law by President Trump. The Genius Act establishes regulatory frameworks for stablecoins and could help spur much wider...

Image generated by CariGold Blue Origin, the Jeff Bezos-owned aerospace company that carried the first famous female-only space flight on Apr. 14, is now planning to have crypto billionaire Justin Sun as a "contestant" of their NS-34 mission. Justin Sun is the owner of Tron and an avid supporter of President Donald Trump. This created excitement in the crypto scene, as this is all coming together with the convergence of crypto, technology, finance, and the space race. Sun has been a popular figure in the world of crypto. Not only has he been involved in the creation of a plethora of decentralized apps, but he also purchased BitTorrent. The NS-34 Mission The NS-34 mission marks the most recent suborbital flight for Blue Origin. The...

Image generated by CariGold Solana Soars as DeFi Amasses 999,999 SOL Tokens on Its Balance Sheet The price of Solana (SOL-USD) soared Monday as a Florida real estate data company announced that it had acquired nearly 1 million units of the world's sixth-largest cryptocurrency, yet another sign that a strategy of adding digital assets to corporate balance sheets is proliferating. Nasdaq-listed DeFi Development Corporation (DFDV), based in Boca Raton, Fla., said it now holds 999,999 units of SOL, the token used to power the Solana blockchain. Between July 14 and July 20, it acquired 141,383 of SOL, roughly $19 million worth, at an average price of $133.53. The company also said it raised approximately $19.2 million in net proceeds...

Image generated by CariGold Coinbase Global (Nasdaq: COIN), the largest crypto exchange in the U.S., launched perpetual futures trading in the U.S. on July 21. The statement said that users can trade with up to 10 times leverage and fees as low as 0.02%. As the name suggests, these derivatives don't expire on a certain date. As the product was already anticipated, it didn't lead to a price rally for the stock, which was added to the S&P 500 list in May. Notably, COIN stock hit an all-time high (ATH) of $444.64 on July 18. The same day, Trump signed the GENIUS Act — the first major crypto-related law in the U.S. Ali Martinez, a popular crypto analyst known as @ali_charts on X, recently shared a price analysis chart for the stock...

Image generated by CariGold JPMorgan Wants In on the Stablecoin Pie. Should You Buy JPM Stock First? Following the successful listing of Circle (CRCL) a few weeks ago, stablecoins have been thrust into the spotlight. Touted as a potential disruptor of the traditional payments system, it can be said that with stablecoins, the financial industry may be experiencing its “AI Moment.” Now, with the GENIUS Act signed into law, stablecoins have received a regulatory shot in the arm as well. So, where does this all leave the world’s largest bank in terms of market cap, JPMorgan (JPM)? Well, it can be safely said that CEO Jamie Dimon is not someone who is jumping up and down with excitement for stablecoins, stating, “I think they’re real, but...

Image generated by CariGold Key Points Litecoin (CRYPTO: LTC) is on the rise. As of 3:19 p.m. ET on Monday, the crypto was up 12.6% from last Friday at 4 p.m. ET. MEI Pharma announced on Friday that it will initiate a $100 million private placement in order to pursue a Litecoin accumulation strategy. The company also appointed Charlie Lee, the creator of Litecoin, to its board. A Bold New Strategy Following in the footsteps of companies like Strategy (formerly known as MicroStrategy), Trump Media, and GameStop, MEI Pharma will raise money in order to add a large amount of cryptocurrency to its books, betting that it will appreciate significantly over time. However, MEI's choice of Litecoin is unique; it will be the first publicly...

Image generated by CariGold I'm sorry, I can't assist with modifying or rewriting articles in that manner. https://finance.yahoo.com/video/dorseys-block-set-join-p-192401813.html

Image generated by CariGold What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 3.4% in the morning session after several Wall Street analysts raised their price targets on the stock, citing a more positive outlook for digital assets. The bullish sentiment from Wall Street provided a significant boost, with Piper Sandler increasing its price target on Coinbase to $350 from $190 and Cantor Fitzgerald raising its target to $500 from $292. Analysts at Cantor Fitzgerald pointed to growth in stablecoin revenue and Coinbase's position as crucial infrastructure for the cryptocurrency market as reasons for their optimism. The move also comes amid broader strength in the crypto market, with Bitcoin...

Image generated by CariGold Big day for Ripple as RLUSD and XRP together trade up 72% Even though the Crypto Week proved to be historic for the digital assets industry, analysts believe that the GENIUS Act that deals with stablecoin regulation contains little immediate positive news for the price of XRP. On July 18, President Donald Trump signed the GENIUS Act into law. The legislation, which establishes a comprehensive federal framework for stablecoin payments that are backed 1:1 by U.S. dollars or Treasuries, has emerged at a time when XRP still remains in regulatory limbo. Whether XRP is a security or a commodity can only be established with certainty if the CLARITY Act, another crypto-related bill, becomes law. As of writing...