Crypto News

Image generated by CariGold Morocco's Central Bank Explores Digital Currency Cross-Border Payments RABAT (Reuters) - Morocco's central bank is exploring the use of its own digital currency for peer-to-peer and cross-border payments, according to bank governor Abdellatif Jouahri. A central bank digital currency (CBDC) is under the control of the central bank, differing from cryptocurrencies that are typically decentralized. Cryptocurrencies have been banned in Morocco since 2017, but they continue to be used underground by the public to bypass restrictions. The bank is collaborating with the IMF and the World Bank to evaluate the impacts of its CBDC on the payment system, Jouahri explained at a conference in Rabat. Along with the...

Image generated by CariGold Key Points A decade ago, many investors would have laughed at the idea of turning $10,000 into $100,000 by investing in Bitcoin (CRYPTO: BTC). Today, not so much. Bitcoin, the world's most valuable cryptocurrency, has surpassed all expectations. It has survived huge sell-offs on numerous occasions. Recently, it rocketed past $123,000, a new all-time high. It's now not uncommon for financial advisors to say it's fine to allocate a small portion of capital in the typical multi-asset portfolio to Bitcoin. With so much momentum, can a $10,000 investment in Bitcoin increase 10-fold and turn into $100,000 by 2030? For some, the answer is a definitive yes Bitcoin has broken away from the rest of the sector this...

Image generated by CariGold Block Jumps After S&P 500 Inclusion in New Milestone for Fintech Tech billionaire Jack Dorsey-led Block's shares rose nearly 10% before the bell on Monday after the payments firm was added to the benchmark S&P 500, marking a milestone for the fintech sector. The inclusion cements Block's status as one of the most valuable and influential players in the fintech space, and shows how digital payments and financial apps have moved into the mainstream and disrupted traditional banking models in the U.S. Block, with a market value of about $44.8 billion, will replace Hess Corp, following its $55 billion merger with oil major Chevron. The change takes effect before trading begins on Wednesday, S&P Dow Jones...

Image generated by CariGold Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world’s second-largest cryptocurrency. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, a strategy popularized by Michael Saylor at Strategy. In recent months, several projects...

Image generated by CariGold Crypto-linked stocks advance after Trump signs stablecoin law Shares of crypto-linked companies jumped on Monday, as ether prices advanced after President Donald Trump signed into law a bill regulating stablecoins in the U.S. Trump signed the GENIUS Act late on Friday, marking a significant win for crypto supporters who have long lobbied for a regulatory framework to gain greater legitimacy for the industry. The bill was passed in the House of Representatives by a vote of 308 to 122, with support from nearly half the Democratic members and most Republicans. It had earlier been approved by the Senate. Bitcoin, the world's biggest cryptocurrency, climbed about 1% on Monday, though it remains more than 3%...

Image generated by CariGold Which Cryptocurrency Will Double Faster? Shiba Inu vs. Solana Key Points When capital flows, it tends to surge toward the assets with the deepest moats and the freshest growth stories with the most compelling visions for delivering value in the future. That's why some cryptocurrencies sprint ahead, while others merely jog in place. Right now, two wildly different tokens, Solana (CRYPTO: SOL) and Shiba Inu (CRYPTO: SHIB), are lining up for the next leg of the market. One is a high-performance smart contract chain that keeps piling on real-world uses; the other is a cute dog logo meme coin with a largely extraneous blockchain attached. Which of these coins will double faster, and which will have the best...

Image generated by CariGold Can Dogecoin Reach $1 in 10 Years? Key Points Despite all the attention that artificial intelligence is getting these days, perhaps the most pronounced development in the economy and markets in recent memory is the rise of the cryptocurrency industry. It's valued at $3.8 trillion today, and the increasing value of some blockchain networks has certainly made some bold and lucky speculators rich. One of the most popular tokens is Dogecoin, which was created in 2013 as a joke to compete with Bitcoin. The dog-themed digital asset has been extremely volatile, to no one's surprise, but it has put up monster gains in the past. That's true even though it trades 67% below its record high in May 2021 (as of July...

Image generated by CariGold Key Points There's plenty of growth in the crypto sector, so it's no surprise that investors look to the prospects of top coins like XRP (CRYPTO: XRP) and Chainlink (CRYPTO: LINK) in search of the one investment that can make them millions. But do either of these coins have enough gas in the tank to actually be powerful engines of wealth creation, and is one a better pick than the other? XRP is looking good here At roughly $3.35 per coin (as of July 18), XRP has a market cap of almost $200 billion. A 10-fold gain from here would vault its value to $2 trillion, putting it in the same ballpark as Bitcoin. That's not impossible, but it assumes a colossal influx of new capital. Of course, at that point...

Image generated by CariGold Key Points XRP's (CRYPTO: XRP) token price has seen a wave of strong bullish momentum, rising 22.8% over the past seven days as of a recent Sunday afternoon. In contrast, Bitcoin was down 0.7%, and Ethereum rose 25% during the same period. XRP's token price and market capitalization reached new record highs due to the "Crypto Week" initiative in the U.S. House of Representatives and the passage of the first major crypto industry regulations bill. XRP now has a market cap of roughly $207.5 billion, making it the world's third-largest cryptocurrency by valuation. XRP Roars to New Record as Legislative Push Signals New Bullish Catalysts The House passed its first bill establishing comprehensive regulations...

Image generated by CariGold Why Dogecoin Was Skyrocketing Last Week Key Points Dogecoin (CRYPTO: DOGE) has been on a tear and scored huge valuation gains over the past week. The company's share price was up 35.1% over the past seven days of trading, as of 3 p.m. ET Sunday. Meanwhile, the price of Bitcoin had actually fallen 0.5% across the stretch, and Ethereum was up 25.3%. Although pricing momentum for Bitcoin took a bit of a breather on the heels of a record high, the past week of trading has seen very strong bullish momentum for altcoins. Dogecoin's token saw massive gains thanks to the passage of crypto-related legislation in the U.S. House of Representatives and news that Bit Origin is making the meme coin central to its...

Image generated by CariGold Dogecoin surged over 8% in the 24-hour session ending July 21 at 03:00, as institutional interest exploded alongside volume nearly tripling the daily average. The rally was ignited by a sharp breakout around 16:00, pushing DOGE from $0.254 to an intraday peak of $0.277 before closing at $0.271. Analysts say the move reflects growing corporate adoption of crypto assets as treasury diversifiers amid rising global economic uncertainty. The final hour of trading showed sustained accumulation, with DOGE advancing another 0.74% and breaching multiple resistance levels, signaling that large players remain active and bullish near the session’s high. News Background Institutional investors appear to be stepping...

Image generated by CariGold XRP rebounded sharply off the $3.40 zone on Sunday following a steep selloff, closing the 24-hour trading session with signs of institutional accumulation and stabilization around $3.47. The move comes amid continued excitement around the newly listed ProShares Ultra XRP ETF and fresh U.S. legislation that clears regulatory hurdles for crypto assets like XRP. After setting new all-time highs earlier this week above $3.60, XRP briefly dropped over 4% to test liquidity levels below $3.42. However, buyers stepped in aggressively at volume levels nearly triple the daily average, signaling conviction at the lows. The final hour of trading saw renewed upside momentum, with the asset recovering more than 2% from...

Image generated by CariGold Asia Morning Briefing: Miners and Whales Dumping BTC Amid Rally May Signal 'Local Top' 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. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Bitcoin is trading at $117,300 as Asia opens a new business week, just below last week’s all-time high of $123,000. Ethereum (ETH) once again is outperforming the world's largest digital asset, holding above $3,700, up 4% in the past 24 hours and 26% over the past week, as capital continues to rotate into higher-beta assets. The CoinDesk 20 Index...

Image generated by CariGold ETH's ‘Most Hated’ Rally Could Trigger $331M in Liquidations Near $4K, Says Analyst Ether's summer surge has ignited fierce debate among market analysts, with many pointing to mounting short positions and shifting capital flows as key drivers behind the rally. The world’s second-largest cryptocurrency is now trading near $3,755, up nearly 5.7% in the past 24 hours and more than 25% over the past week. ETH holders have welcomed the rally, and some analysts believe it could accelerate further if a short squeeze forces bearish traders to close their positions. “$ETH is the most hated rally right now,” posted Crypto Banter on X, referring to the unusually high level of bearish positioning in the market...

Image generated by CariGold Ethena's token ENA (ENA) surged on Sunday to its highest price in four months, as the decentralized finance (DeFi) protocol behind the token saw a fresh wave of inflows amid a broader crypto rally. The token, which serves as the governance token for Ethena, advanced roughly 20% during the day to over $0.50, topping that level for the first time since early February, according to CoinDesk data. Ethena's Recent Performance Ethena is benefiting from the recent surge in crypto prices, generating higher yields for investors. The protocol issues the dollar-pegged USDe, marketed as a "synthetic dollar" with its price anchored at $1. It uses bitcoin (BTC), ether (ETH), and Solana's SOL (SOL) as backing assets...

Image generated by CariGold I Asked ChatGPT How To Get Rich Off of Bitcoin — Here’s What It Said A surefire way to get rich off of bitcoin is a time machine back to 2015, when the cryptocurrency’s price hovered around $200. Today, that price has ballooned to an all-time high above $18,000, meaning it has risen more than 90-fold in a decade — a return that could make you very rich indeed. However, since time travel isn’t an option, you’ll have to figure out other ways to get rich off of bitcoin. We asked ChatGPT how to do that: Buy and Hold As ChatGPT noted, investors who bought bitcoin a decade ago and simply held on to the investment have enjoyed “massive gains.” Like stocks, bitcoin has experienced volatility through the years...

Image generated by CariGold ETH Treasury Race Heats Up as SharpLink and Bitmine Battle for Dominance Two unlikely companies — SharpLink Gaming (SBET) and Bitmine Immersion Technologies (BMNR) — are redefining what it means to be an ETH-first corporation. Together, they’ve acquired more ETH than the Ethereum Foundation itself, propelling a growing trend among public firms treating ETH not as a speculative asset, but as a core part of their balance sheets. SharpLink Gaming, a Minneapolis-based fan engagement and iGaming performance firm, has emerged as one of the largest ETH corporate holders in the world. The company currently holds 280,706 ETH, a position currently worth just over $1 billion. SharpLink raised over $400 million...

Image generated by CariGold Ethereum's ETH Breaks $3,800 Amid Massive Whale Buy, Large Capital Inflow Ethereum's ether (ETH) rose nearly 6% during the past 24-hour period, rising above $3,800, outperforming the CoinDesk 20 Index, a broader gauge of the digital assets market. The move comes as major financial institutions and treasury companies have started to pour capital into the digital asset, while Wall Street's heavyweights are starting to pay attention to ETH. Most recently, U.S.-listed spot ether ETFs saw record inflows of $2.18 billion over the past week, which was dubbed as "crypto week" as major crypto legislation was passed by the regulators. The rally also coincides with some whales moving a massive amount of ETH on-chain...

Image generated by CariGold Key Points Quantum computing could be the next area of explosive growth in the tech sector. The consultants at McKinsey Digital have estimated that the industry could be worth as much as $1.3 billion by 2035, though there's a lot of uncertainty. If that huge number becomes reality, successful quantum computing companies are going to make their investors very happy. Here are two picks to consider buying this month. IonQ is a high-risk, high-reward company Quantum physics experts Christopher Monroe and Jungsang Kim started IonQ (NYSE: IONQ) in 2015. Six years later, it became the first pure-play quantum computing company to go public. Since the technology is still in the early stages, and it's IonQ's only...

Image generated by CariGold Chart of the Week: Wall Street's 'Infinite Money Glitch' Moves From Bitcoin to Altcoins Wall Street has long mastered the creative art of turning complexity into a money-printing machine. How do they do it? Financial engineering — an art of structuring debt, equity, and derivatives to squeeze out returns in ways that often defy convention. It’s a playbook that made fortunes — and nearly broke the system in 2008. Now, this complex engineering of money has entered the crypto market. With Wall Street's takeover of crypto, financial engineering is fast becoming a pillar of the crypto market. It is now at the center of the latest iteration of one of the hottest trends in the space: the crypto treasury...