Crypto News

Image generated by CariGold After a tough couple of years since going public in 2021, SoFi Technologies (NASDAQ: SOFI) stock has come roaring back. The fintech stock has surged nearly 200% over the past 12 months, fueled by accelerating growth, consistent profitability, and strong adoption across its ecosystem of digital banking products. As SoFi stock climbs over $20 per share, many investors are asking whether now is the right time to buy. Here's what you need to know. SoFi's blowout quarter SoFi kicked off 2025 with strong momentum as it set new records in net revenue and member growth. Specifically, SoFi reported net revenue of $772 million, up 20% year over year, fueled by 800,000 new members during the quarter, and surpassed...

Image generated by CariGold Bitcoin surges to new highs above $118,000 as investors go risk on Bitcoin (BTC-USD) vaulted to a fresh all-time high Friday, breaking above $118,000 amid a wave of bullish momentum across risk assets. The token's price action coincides with AI giant Nvidia's (NVDA) surge to a $4 trillion valuation, highlighting crypto's tie with tech. The tech-heavy Nasdaq Composite (^IXIC) hit a fresh record on Wednesday, and the S&P 500 (^GSPC) was headed that way on Thursday. "Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out," Nic Puckrin, crypto analyst and founder of the Coin Bureau, wrote on Thursday morning. Year to date, the token is up roughly...

Image generated by CariGold Bitcoin has set a new all-time price high on July 11 at $118,403.89, with an increase of nearly $8,000 in price in a single day after bouncing off of a 24-hour low of $110,660.75. The recent price rise has occurred alongside rather significant inflows of assets into U.S. spot Bitcoin ETFs, particularly BlackRock's iShares Bitcoin Trust that experienced an estimated $448.49 million net inflow on July 10. The rally in ETF flows is creating new implied institutional demand, as BTC price continues to approach that psychological price level of $120,000. According to Glassnode's data, U.S. spot Bitcoin ETFs have experienced almost entirely positive net flows over a 30-day period. The current trend of...

Image generated by CariGold Bitcoin Reaches New Record High Ahead of US House's ‘Crypto Week’ Bitcoin has reached a new all-time high, trading at more than $118,000 (€100,000) on Friday. It followed an enthusiastic trading day on the US stock markets on Thursday, where the main index for tech companies, the Nasdaq, hit a record value. Interest in Bitcoin was fueled by a bullish, optimistic trading outlook across risk assets and an appetite for investment in tech companies, such as Nvidia, which recently surged to a $4 trillion valuation. Bitcoin’s all-time high also comes days before what the US House of Representatives, one of Congress’ two chambers, has labeled as “Crypto Week”, starting on 14 July. This is when lawmakers are...

Image generated by CariGold Is Rigetti Computing Stock a Buy Now? Quantum computing has emerged as the next possible "it" trend among investors, even as we're currently in the midst of an artificial intelligence boom. Some investors may be worried about missing out on the next big thing, especially considering that quantum computing could be worth an estimated $840 billion by 2040. That massive potential is an understandable draw for many tech investors. However, quantum computing has some significant hurdles, including overcoming a lack of practical applications. And that's on top of some of the specific growth problems companies are having, Rigetti Computing included. If you're considering betting on Rigetti as it chases after...

Image generated by CariGold European securities regulator warns about crypto firms misleading customers PARIS (Reuters) -Europe's securities regulator warned crypto companies on Friday not to mislead customers about the extent to which their products are regulated - the latest sign of European authorities trying to limit crypto-related risks. The European Union's crypto regulation, MiCA, includes various measures to protect investors, such as rules around how client assets are safeguarded and requirements for handling complaints, the European Securities and Markets Authority (ESMA) said in a statement. But the practice of crypto asset service providers (CASPs) offering both regulated and unregulated products through the same...

Image generated by CariGold Key Points In July, investors expect fireworks from Washington to Wall Street, and this year, Bitcoin (CRYPTO: BTC) looks determined to light the sky itself. A handful of powerful forces and an often-jittery macroeconomic backdrop are suddenly all starting to push in the same direction. The convergence could juice prices in July, yet the bigger payoff is what those forces say about Bitcoin's next decade. Let's dive in and explore how the near term connects to the bigger picture here. Why July's tailwinds line up so neatly Imagine a giant vacuum cleaner running on autopilot. That is essentially how spot Bitcoin exchange-traded funds (ETFs) work. Whenever investors hand cash to asset issuers, the funds...

Image generated by CariGold What To Expect from the US House’s 'Crypto Week' Cryptocurrencies—and, particularly, stablecoins—are expected to take center stage in Washington, D.C., next week during the House of Representatives' self-proclaimed “Crypto Week.” U.S. representatives are expected to vote on the GENIUS Act, a bill that would enable private companies to issue stablecoins, a type of cryptocurrency that has its value tied directly to a state-issued currency, often the U.S. dollar. The bill would require companies issuing stablecoins to back them one-to-one with liquid cash. Corporate interest in stablecoins appears to be on the rise. Walmart (WMT) and Amazon (AMZN) are reportedly considering launching their own stablecoins...

Image generated by CariGold Is the Crypto Bubble About to Pop? Key Points In the crypto market, all lights appear to be flashing green right now. New crypto market legislation is on the way, companies are embracing the Bitcoin Treasury Company model at a rapid pace, and analysts continue to predict that the price of Bitcoin will double by the end of the year. In fact, some top officials within the Trump administration are now suggesting that the crypto market, currently valued at $3.4 trillion, could be headed to $20 trillion soon. However, there are several key factors that have me thinking the crypto bubble could be ready to pop by the end of this year. The macroeconomic outlook Even if you're a diehard optimist when it comes to...

Image generated by CariGold Bitcoin surges to new highs above $117,000 as investors go risk on Bitcoin (BTC-USD) vaulted to a fresh all-time high Friday, breaking above $117,000 amid a wave of bullish momentum across risk assets. The token's price action coincides with AI giant Nvidia's (NVDA) surge to a $4 trillion valuation, highlighting crypto's tie with tech. The tech-heavy Nasdaq Composite (^IXIC) hit a fresh record on Wednesday, and the S&P 500 (^GSPC) was headed that way on Thursday. "Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out," Nic Puckrin, crypto analyst and founder of the Coin Bureau, wrote on Thursday morning. Year to date, the token is up roughly 21%...

Image generated by CariGold Key Points SoFi Technologies (NASDAQ: SOFI) has experienced significant volatility, but there's growing investor enthusiasm for its digital banking potential. Over the past year, the stock has surged more than 200%. While it's uncertain how long this momentum will continue, a long-term view of SoFi Technologies reveals six reasons why this stock might be worth buying. 1. It's digitizing the banking ecosystem SoFi functions as a digital bank without physical branches, operating through its website and app. Unlike other digital banks, SoFi has successfully created a comprehensive digital ecosystem. Through its app, users can access an array of financial services, including banking, investing, and...

Image generated by CariGold Key Points If there's one thing investors are never short of on Wall Street, it's data. Trying to digest an onslaught of earnings reports each quarter, as well as near-daily economic data releases, can sometimes be overwhelming. It also makes it easy for something important to fall through the cracks. For example, an argument can be made that the filing of Form 13F with the Securities and Exchange Commission no later than 45 calendar days following the end to a quarter is equally as important as earnings season. A 13F is a required filing by institutional investors with at least $100 million in assets under management (AUM) that details their buying and selling activity for the prior quarter. Although...

Image generated by CariGold In major shift, Shanghai regulator mulls policy responses to stablecoins and cryptocurrencies HONG KONG (Reuters) - A Shanghai regulator said it held a meeting this week for local government officials to consider strategic responses to stablecoins and digital currencies - a marked shift in tone for China where crypto trading is banned. The Thursday meeting was organized by the Shanghai State-owned Assets Supervision and Administration Commission and follows calls by experts and major companies in China to develop a yuan-pegged stablecoin. "We need to have greater sensitivity to emerging technologies and enhanced research into digital currencies," He Qing, the regulator's director, told the meeting...

Image generated by CariGold Meme coins are having a moment. As the broader crypto market surges to new highs, top meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) are posting standout gains. Dogecoin is up over 5.5% in the last 24 hours, pushing its market cap to a staggering $28.7 billion, while Shiba Inu has surged 4.8%, nearing $7.7 billion in market cap. Both are riding the wave of bullish sentiment sweeping across crypto, fueled in part by Bitcoin breaking above $116,000 and liquidating billions in short positions. But it’s not just DOGE and SHIB. The meme coin sector—now boasting a total market cap over 68 billion dollars—is in full-on rally mode. Coins like PEPE, up 8.2%, BONK with a 10.3% gain, and even absurdist tokens...

Image generated by CariGold Bitcoin just surged to a record-smashing $116,000. But if you’re looking for the real breakout star of the day, it’s a penguin. That’s right. Pudgy Penguins’ token, PENGU, is soaring past nearly everything in sight. While Bitcoin is up 5% in the past 24 hours, PENGU has rocketed nearly 28%, making it one of the day’s biggest gainers among large-cap altcoins. So what exactly is PENGU? PENGU is the memecoin tied to the popular Pudgy Penguins NFT brand. You may have seen their cutesy avatars on X or even on shelves at Walmart, where Pudgy Penguins plushies and toys have become a surprising hit. The brand is leaning hard into mainstream culture, and crypto traders are clearly buying the hype—literally. The...

Image generated by CariGold It’s a bloodbath for bearish traders. According to real-time data from CoinGlass, more than $700 million worth of crypto positions were liquidated in less than an hour, and nearly all of it came from short sellers getting absolutely crushed. Bitcoin alone saw over $425 million in short liquidations — only about $5 million of that tally came from the long side. So, what’s going on? Short Squeeze This is what traders call a short squeeze — and it’s textbook. Bitcoin has been on a tear lately, and when prices jump unexpectedly, anyone betting against the rally (aka “shorting”) suddenly finds themselves in trouble. Here’s how it works, when a trader shorts Bitcoin, they’re borrowing the asset and selling...

Image generated by CariGold There is a special relationship between President Donald Trump and the crypto market that one can't deny. On July 10, Trump hailed the crypto market for hitting "through the roof." Bitcoin, which had for the first time surpassed the $112,000 mark the previous day, hit a new record high of $113,833.84 within a few hours. Trump wrote on Truth Social that along with crypto, the stock market and Nasdaq have hit all-time highs. He credited his tariff policy for the surge in the markets and asked the Federal Reserve to quickly slash interest rates. As per the on-chain analytics platform Coinglass, more than $470 million in short positions were liquidated within a 24-hour period preceding 10:07 am EST. This was...

Image generated by CariGold On July 10, billionaire Justin Sun purchased $100 million worth of President Trump's memecoin, Official Trump (TRUMP). On X, the TRUMP team posted, "We are so excited that justinsuntron / trondao is buying $100 Million of $TRUMP!" This has sparked renewed discussion about the limits of political finance in the crypto era. Unlike traditional campaign contributions — which are limited, tracked, and cannot be returned — Sun's token purchases occupy a gray area: they financially support the President, yet remain liquid assets that could be sold later. As a Presidential candidate back in 2024, Donald Trump raised approximately $7.5 million in crypto donations, according to CNBC. It's a brash contrast to Elon...

Image generated by CariGold Leading analyst calls XRP 'banking meme coin' Leading analyst Tom Dunleavy thinks the next altcoin season is going to significantly differ from past cycles. Altcoins could retain a 30%-35% share of the total crypto market cap but at a much higher level than previous cycles, he added. Dunleavy is the head of venture at Varys Capital, a crypto-focused venture capital firm with offices in Thailand and the UAE. In a recent conversation with TheStreet Roundtable host Scott Melker, Dunleavy shed light on the prospects of leading altcoins such as Ethereum, Solana, XRP, Chainlink, etc. Melker cited two recent reports that are bullish on altcoins. XRP a 'banking meme coin' Dunleavy said he agreed on the...

Image generated by CariGold Crypto Shows Zero Use Case, High Risk: Bernstein Next week the house plans taking on legislation for stablecoins and many expecting a bill to be passed. US Council of Economic Advisers former Chair and Center on Budget and Policy Priorities Senior Fellow Jared Bernstein says crypto has zero use case with high risk and stablecoins will lead to a less safe financial system. This article has been published in yahoo.com via Yahoo News. https://finance.yahoo.com/video/crypto-shows-zero-case-high-195603867.html