Crypto News

Image generated by CariGold Trump Media up over 9% after buying hard asset 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. Following the announcement, the company's stock surged by more than 8% a day to trade as high as $20.38. President Donald Trump-backed media firm announced the development just days after the House of Representatives passed three major crypto bills to oversee the market structure, stablecoin industry, and anti-CBDC stance. The media firm’s latest move aligns with its previously announced Bitcoin treasury strategy plan as it looks to diversify its revenue streams. TMTG controls the social networking app Truth...

Image generated by CariGold Polymarket reportedly buys exchange to return to U.S. The crypto-based prediction market platform, Polymarket, is reportedly acquiring the QCX trading exchange to re-enter the U.S. market, Bloomberg reported on July 21. The latest report comes only days after the publication reported that the U.S. Department of Justice and Commodity Futures Trading Commission (CFTC) reportedly told Polymarket that they were closing their probe into the company. Launched in 2020, the New York City-headquartered Polymarket is the world’s largest prediction market. It lets traders predict events as diverse as crypto prices, election results, inflation data, and box office numbers by paying with cryptocurrency. On June 6...

Image generated by CariGold Its not just bitcoin. Companies are now adding ethereum to their balance sheets. It's not just bitcoin (BTC-USD) that corporate treasuries are buying. A handful of firms are scooping up ethereum — or its native token, ether (ETH-USD) — as a way to gain exposure to the tech infrastructure behind decentralized finance and digital assets. So far, the companies taking this approach are mainly smaller names in the crypto world, such as BitMine Immersion Technologies (BMNR), chaired by Fundstrat's Tom Lee. One larger player — Coinbase Global (COIN), the parent company of trading network Coinbase — has more than $440 million in holdings, according to crypto and investment tracker CoinGecko. When Coinbase...

Image generated by CariGold Opendoor Technologies (OPEN) stock continued its meteoric rise on Monday, with shares rising as much as 115% in afternoon trading as the meme stock-style rally continues. The long-beleaguered iBroker platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to now above $4.80. Shares still remain far below their all-time high of $39.24 reached in February 2021. Powering the stock, in part, has been a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and a ream of speculative bets posted to the subreddit wallstreetbets, a haven for meme stocks, have both added significant fuel to the fire. Retail trading activity in the stock has...

Image generated by CariGold Analyst who correctly predicted 2022 bull run sees Dogecoin hitting $1T Dogecoin, the biggest meme coin by market cap, is back in the spotlight after a crypto analyst predicted DOGE's market cap could reach upwards of $1 trillion. Pseudonymous trader, Crypto Kaleo, took to X to share his ultra-bullish thesis on the meme coin on July 18. DOGE is going for a God candle, believes Kaleo. His price target? A price of $6.94 per DOGE, representing a whopping 2,600% gain from current prices, would make Dogecoin a crypto heavyweight. Kaleo relies on Dogecoin reaching the previous bull market conversion rates, wherein Dogecoin was nearly at 10% of Bitcoin's market cap. If Bitcoin's valuation reaches $10 trillion...

Image generated by CariGold Key Points Shares of iBuying real estate company Opendoor (NASDAQ: OPEN) once again soared, trading roughly 71% higher today, as of 12:18 p.m. ET. The stock continues to surge on meme-stock trading activity and bullish social media posts from EMJ Capital founder Eric Jackson. This meme stock could have legs Opendoor has caught the attention of the meme stock crowd on Reddit's WallStreetBets, and high short interest also helped catapult the stock higher this month. As of this writing, Opendoor traded close to 600% higher this month alone. Not only are retail traders in on the stock, but so is EMJ Capital founder Eric Jackson. Jackson has a history of picking stocks that have turned into multibaggers. Some...

Image generated by CariGold Trump Media buys $2 billion in bitcoin as it embraces crypto Trump Media and Technology Group, the social media company owned by President Trump, said it has bought about $2 billion in bitcoin and related securities as it remodels itself as an investment firm. Trump Media, which owns the Truth Social app, announced in May that it planned to raise $2.5 billion to buy bitcoin, with the goal of creating a reserve of the cryptocurrency. The $2 billion bitcoin purchase is part of the company's "bitcoin treasury plan," Trump Media CEO Devin Nunes said in a news release on Monday. Mr. Trump, the largest investor in Trump Media, has increasingly focused on cryptocurrencies both through his private businesses and...

Image generated by CariGold What Happened? Shares of technology real estate company Opendoor (NASDAQ:OPEN) jumped 80.1% in the afternoon session after a social media post from an influential investor predicting a strong turnaround. The stock remained a favorite among retail traders, with mentions soaring on platforms like Reddit's WallStreetBets and X, turning it into a so-called "meme stock." Investor Eric Jackson, known for a successful early call on Carvana, fueled the rally by suggesting a significant upside for Opendoor, citing cost reductions and improving margins. This enthusiasm led to a surge in trading volume and a classic "short squeeze," where investors betting against the stock are forced to buy shares to cover their...

Image generated by CariGold Exclusive: Ethereum co-founder Joe Lubin has blunt response to Bitcoin treasury firms Consensys chief executive officer and Ethereum co-founder Joseph Lubin believes the next corporate balance sheet craze will revolve around Ether, not Bitcoin. Speaking in an interview, Lubin said he took inspiration from Michael Saylor’s well-publicized Bitcoin strategy: “We figured that we could probably do an even better job for Ether because Ether is a productive and yielding asset.” Lubin now chairs SharpLink Gaming (SBET), a Minneapolis-based sports betting tech firm, that has pivoted into what he calls an Ether treasury company. SharpLink first raised money through a private placement and “made an initial purchase...

Image generated by CariGold Opendoor Technologies (OPEN) stock continued its meteoric rise on Monday morning, with shares rising as much as 75% in midday trading as the meme stock-style rally continues. The long-beleaguered iBroker platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to now above $4. Shares still remain far below their all-time high of $39.24 reached in February 2021. Powering the stock, in part, has been a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and a ream of speculative bets posted to the subreddit wallstreetbets, a haven for meme stocks, have both added significant fuel to the fire. Retail trading activity in the stock has...

Image generated by CariGold Michael Saylor’s Strategy owns 3% of Bitcoin in circulation after latest purchase Michael Saylor’s Strategy (MSTR) now owns more than 3% of all the Bitcoin (BTC-USD) ever minted following the crypto treasury company’s latest purchase of the original cryptocurrency. The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm’s holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Strategy has been using a combination of common and preferred shares, as well...

Image generated by CariGold Trump Media’s Bitcoin Holdings Grow to $2B as President Trump Advances Crypto Agenda Key Takeaways Trump Media & Technology Group (DJT) has amassed roughly $2 billion in bitcoin and Bitcoin-related securities, as its founder, President Donald Trump, has worked to reshape American crypto policy. The Truth Social parent said it plans to keep buying bitcoin and allocated $300 million to an options acquisition strategy for bitcoin-related securities. The company’s bitcoin and related holdings make up about two-thirds of its $3 billion in liquid assets. Trump Media has also filed in recent weeks to launch a trio of crypto exchange-traded funds that invest in Bitcoin and other digital assets. The ETFs are...

Image generated by CariGold MicroStrategy Makes Aggressive Move as Trump Signs Landmark Bill MicroStrategy acquired 6,220 Bitcoin worth $739.8 million during July 14-20, the week the Donald Trump administration declared "Crypto Week" and with the signing of the GENIUS Act. Strategy said it acquired 6,220 BTC at an average price of $118,940 last week. The company, which began acquiring Bitcoin in 2020, is the largest publicly traded corporate holder of Bitcoin. It now holds 607,770 coins at an average purchase price of $71,756 per BTC that are worth $72 billion at press time. Strategy sold MSTR shares worth $736.4 million, preferred STRK shares worth $0.7 million, preferred STRF shares worth $0.2 million, and preferred STRD shares...

Image generated by CariGold Why Shiba Inu Is Surging Today Key Points Since the market closed on Friday, the price of Shiba Inu (CRYPTO: SHIB) had traded 7.6% higher as of 10:15 a.m. ET today. There's no obvious reason behind the move, although the crypto sector largely moved higher this weekend due to several events. President Trump signs stablecoin bill into law President Donald Trump signed the Genius Act into law after the market closed on Friday. The Genius Act was one of three bills passed by the U.S. House of Representatives last week during so-called Crypto Week, and will look to create a framework for stablecoins, which are digital assets pegged to a commodity or currency. Investors likely believe that the three bills...

Image generated by CariGold Opendoor stock gains another 30% as retail frenzy continues to push shares higher Opendoor Technologies (OPEN) stock continued its meteoric rise on Monday morning, with shares rising as much as 32% in early trading as the meme stock-style rally continues. The long-beleaguered iBroker platform saw its share price gain 188% last week, bringing the stock from just above $0.50 less than a month ago to now above $2.75. Shares still remain far below their all-time high of $39.24 reached in February 2021. Powering the stock, in part, has been a public bull case from Carvana (CVNA) turnaround spotter EMJ Capital and a ream of speculative bets posted to the subreddit wallstreetbets, a haven for meme stocks, have...

Image generated by CariGold Trump Media accumulates $2 billion in bitcoin assets; DJT jumps 8% Investment Strategy Trump Media & Technology Group Corp (NASDAQ:DJT) has built up $2 billion in bitcoin and bitcoin-related securities as part of its strategy to expand its digital-asset initiatives. The holdings now make up approximately two-thirds of Trump Media’s total liquid assets of about $3 billion. The company has also allocated around $300 million to an options acquisition strategy for bitcoin-related securities. According to a statement from the company, Trump Media plans to continue acquiring bitcoin and bitcoin-related assets. It also intends to convert its options into spot bitcoin, depending on market conditions. Shares...

Image generated by CariGold Crypto firm BitGo confidentially files for US IPO BitGo, a provider of trust and security services for digital assets, said on Monday it has confidentially filed for a U.S. listing, as crypto firms race to capitalize on renewed market momentum. Several high-profile companies, including those in riskier sectors like crypto and fintech, have launched successful listings in recent weeks, signaling pent-up demand and a rebound in capital markets activity. BitGo's announcement follows the crypto sector's market value hitting $4 trillion last week, driven by renewed optimism, regulatory clarity in key markets, and rising institutional inflows. The number of shares to be offered and the price range for the...

Image generated by CariGold Trump Media stock surges after acquiring $2 billion of bitcoin The stock of President Trump’s namesake media group opened 6% higher Monday morning after it announced it had purchased $2 billion in bitcoin (BTC-USD) and related securities. Trump Media (DJT) — which runs the president’s social media platform Truth Social along with streaming platform Truth+ and financial services brand Truth.Fi — said it acquired the cryptocurrencies as part of a previously shared plan in May to become a bitcoin treasury company. With those purchases, Trump Media said exposure to the world's largest cryptocurrency now comprises two-thirds of its total of $3 billion in assets. "We're rigorously implementing our publicly...

Image generated by CariGold As cryptocurrencies become more intertwined with the traditional financial system, industry heavyweights are racing for a long-sought goal of turning real-world assets into digital tokens. “Tokenization is going to open the door to a massive trading revolution,” said Vlad Tenev, the CEO of the trading platform Robinhood at a recent James Bond-themed tokenization launch event in the south of France. Advocates say tokenization is the next leap forward in crypto and can help break down walls that have advantaged the wealthy and make trading cheaper, more transparent, and more accessible for everyday investors. But critics say tokenization threatens to undermine a century’s worth of securities law and...

Image generated by CariGold Where Will XRP Be in 3 Years? Key Points No big-name cryptocurrency has done as well as XRP (CRYPTO: XRP) recently. It currently trades at $3.60 at the time of this writing (July 17), and over the last three years, it's up 899%. That's a better return than any other coin in the top 10 by market cap. Bitcoin (CRYPTO: BTC) is second at 464%. As the saying goes, past performance is no guarantee of future results. What's XRP going to do over the next three years? Let's look at growth projections and the factors that could push XRP's price even higher. Growth projections for XRP and the crypto market The entire crypto market is currently worth $4 trillion, up 61% over the last year. However, the market also...