Crypto News

Bitcoin smashed past $112,000 for the first time in its short history to record a new all-time high (ATH) on July 9. As the crypto market continues to recover from the aftershock of President Donald Trump's tariff policy, BTC hit the new record high of $112,055. The king coin last hit the ATH of $111,970.17 on May 22 and has been struggling since then. Bitcoin's concept was first introduced by its pseudonym creator, Satoshi Nakamoto, in a white paper in 2008. Launched in 2009, BTC is the world's first decentralized and the largest cryptocurrency, with a market cap of $2.18 trillion. It accounted for nearly 65% of the total crypto market cap of $3.4 trillion at the time of writing. The leading cryptocurrency first crossed the $100...

Image generated by CariGold Markets Rally Ahead Despite Potential Complications Wednesday, July 9, 2025 Markets climbed again today — off session highs early, but recovering from a late-morning trough across all major indexes. This means we’re seeing strength in more than just the AI/tech trade currently. The Dow gathered +217 points, +0.49%, while the S&P gained +37 points, +0.61%. The tech-heavy Nasdaq moved past these levels, +0.94%, while the small-cap Russell 2000 grew +1.07%. NVIDIA NVDA today became the first corporation to attain a $4 trillion market capitalization, leading the way, as it continues to do, on GPUs used for AI, data centers, etc. Meanwhile, Microsoft MSFT, the second-largest company, has also reached record...

Image generated by CariGold Senators Seek ‘Light Touch’ for Crypto Market as Democrats Balk A key US Senate panel took up the debate over proposed regulation of digital assets, with Republicans calling for a soft approach and Democrats warning about potential loopholes and conflicts of interest. The Senate Banking Committee’s hearing Wednesday aimed to keep legislation for crypto-market structure on track for a Sept. 30 panel deadline. The House is set to consider its own measure next week. “Our job is to set clear, light-touch guardrails to protect investors, stop fraud, and allow responsible innovation to flourish,” Senate Banking Committee Chairman Tim Scott said. He noted that legislation should clearly define which tokens are...

Elizabeth Warren is resurfacing the cry for the regulation of crypto once more, this time warning that new legislation might be used as a backdoor for IFPs (Issuers of For-Profit Projects) to avoid U.S. securities laws, that are laying down the requirements for prospective issuers. At a Senate Banking Committee hearing At a Senate Banking Committee hearing on Wednesday, Warren honed in on the Digital Asset Market Clarity (CLARITY) Act, recently introduced in the House of Representatives. Reiterating her support for tighter digital asset regulation, Warren said the bill, as drafted, imperils financial regulation. Warren blasted House Republicans for bowing to the interests of the crypto lobby, characterizing the bill as an "industry...

Image generated by CariGold US 'way behind' on crypto regulation: Dragonfly partner Dragonfly Capital Partners' Haseeb Qureshi recently joined Bloomberg's "The Close" to discuss the current state of crypto regulation in the US. Qureshi emphasized that the United States is significantly lagging behind other countries when it comes to establishing clear and comprehensive regulatory frameworks for cryptocurrencies. According to Qureshi, the US regulatory environment is creating barriers for innovation and competitiveness. While nations across Europe and Asia are advancing with crypto-friendly rules, the US is struggling to keep up. This lack of regulation clarity is not only affecting businesses within the US but also encouraging them...

Image generated by CariGold Hot tech stock nears all-time high after fresh controversy Robinhood Markets (Nasdaq: HOOD), the platform offering stocks and crypto trading, announced the launch of tokenized stocks on June 30, and within two days, its stock hit an all-time high (ATH) of $100.88 on July 2. The rally hasn't halted yet, and the stock is barely 7% short of hitting the record high it touched earlier this week. On July 7, HOOD hit as high as $94.65 and was trading at $93.65 at the time of writing. When Robinhood launched its tokenized stock product last week — including high-demand names like OpenAI and SpaceX — it hoped to offer European retail investors a new way to get exposure to private U.S. companies. Instead, it...

Image generated by CariGold Tom Lee has seen market cycles come and go. But when it comes to one asset class, he believes most investors are still early — and dangerously underexposed. In a new conversation, the veteran strategist made a bold comparison, likening today’s adoption levels to the internet circa 1996. “95% of investors have zero Bitcoin exposure. So you’re still way ahead if you’re buying Bitcoin today. If you look at Bitcoin wallets, comparing it to the Internet, we’re back to 1996 levels. The Internet went exponential from 1996. So it’s still the earliest days.” Tom Lee is the co-founder and head of research at Fundstrat Global Advisors, a market strategy and research firm. He’s a well-known Wall Street analyst with...

Image generated by CariGold Key Takeaways Bitcoin rose to a new high on Wednesday, rising above $112,000 after failing to break through the $110,000 level several times in recent days. Bitcoin is up roughly 20% on the year after briefly dipping below $100,000 in late June. Its previous high was set in May; the world's largest cryptocurrency quickly moved back below $112,000 on Wednesday and traded recently around $111,000. According to Coinglass, there were nearly $340 million in liquidations involving bitcoin short positions on various exchanges in the four hours around the time the new all-time high was established. According to some industry experts, companies are expected to continue taking on bitcoin as a reserve asset in the...

Steve Davis left DOGE in May, but officials say he’s still running the show Though he officially left the U.S. government in May, Steve Davis — Elon Musk’s low-flying former top lieutenant at the Department of Government Efficiency — continues to wield influence at DOGE, according to the WSJ. The outlet says Davis, who is a longtime Musk ally and insider, regularly gives directions to current DOGE officials and has privately dismissed his departure as “fake news.” This behind-the-scenes involvement suggests that Davis — who is reportedly so frugal that he has sometimes signed off on costs as low as a few hundred dollars, and so loyal to Musk that he reportedly slept in the offices of X with his wife and newborn child after Musk took...

Image generated by CariGold Bitcoin Hits Record High Just Shy of $112,000 NEW YORK (Reuters) - Bitcoin (BTC-USD) rose to an all-time high near $112,000 late on Wednesday, bolstered by an increase in risk appetite and persistent institutional demand. The world's largest cryptocurrency touched a high of $111,988.90 and was last up 2% at $110,922.48. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/bitcoin-hits-record-high-just-204505387.html

Image generated by CariGold SEC's 'crypto mom' says tokenized securities are still securities NEW YORK (Reuters) - A top U.S. securities regulator known for her supportive stance on the cryptocurrency industry said on Wednesday that new models for trading securities known as "tokenization" must still meet regulations for other securities. Hester Peirce, a Republican commissioner on the Securities and Exchange Commission who has been nicknamed "crypto mom," said in a statement: "As powerful as blockchain technology is, it does not have magical abilities to transform the nature of the underlying asset. Tokenized securities are still securities." Tokenizing equities is a process by which shares of a company are converted into a digital...

Image generated by CariGold How the Mobile Crypto Project Helium Onboarded AT&T In a world where crypto projects are often accused of being all hype and no substance, Helium has been working on one of the most promising validations of blockchain infrastructure yet. For years, the decentralized wireless network has been laying the groundwork and is now working with AT&T and other major carriers to offload cellular traffic onto Helium’s network of hotspots in times of peak demand. It's also now offering a free mobile plan for users, all possible because they've incentivized people to install hotspots to earn rewards via tokens. With devices already operating across the U.S. and Mexico, Helium's Head of Protocol Abhay Kumar says...

Image generated by CariGold Jack Dorsey says his ‘secure’ new Bitchat app has not been tested for security On Sunday, Block CEO and Twitter co-founder Jack Dorsey launched an open-source chat app called Bitchat, promising to deliver “secure” and “private” messaging without a centralized infrastructure. The app relies on Bluetooth and end-to-end encryption, unlike traditional messaging apps that rely on the internet. By being decentralized, Bitchat has potential for being a secure app in high-risk environments where the internet is monitored or inaccessible. According to Dorsey’s white paper detailing the app’s protocols and privacy mechanisms, Bitchat’s system design “prioritizes” security. But the claims that the app is secure...

Image generated by CariGold BTCS Inc. (BTCS) Stock Jumps 111.1%: Will It Continue to Soar? BTCS Inc. (BTCS) shares soared 111.1% in the last trading session to close at $5.91. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.4% gain over the past four weeks. BTCS stock witnessed a significant price rise on July 8 after it announced a $100 million capital raise to buy Ethereum, aiming to become a leading Ethereum infrastructure firm. Additionally, BTCS leverages its competitive strengths through a dual focus on Ethereum block-building via Builder+ and validator node operations across various proof-of-stake (PoS) and delegated PoS networks. Its...

Image generated by CariGold The GMX crypto exchange got hacked for $41.9 million on July 9, the on-chain analytics platform Lookonchain posted on X. Launched in 2021, GMX is a decentralized spot and perpetual exchange that offers up to 100 times leverage in crypto trading. GMX confirmed on X that V1 on Arbitrum has suffered an exploit of approximately $40 million. The stolen funds have been transferred from the GLP pool to an unknown wallet, it added. The exchange said it has paused trading on GMX V1 and the minting and redeeming of GLP on both Arbitrum and Avalanche networks. It recommended users disable leverage, among other steps, to potentially mitigate the issue. As per the on-chain data on DeBank, the hacker still held $30.2...

Image generated by CariGold Your paycheck already buys less than it did three years ago because the recent years' inflation spike quietly eroded the real value of savings. Yet 1.4 billion adults still have no bank account at all, locking them out of the traditional system. Those who do send money abroad lose an average 6.62% in fees every time. Central banks feel the pressure, too; 86% are now exploring their own digital currencies. Wall Street just moved in as well. After the SEC green-lit spot-Bitcoin ETFs on Jan 10, 2024, investors have funneled more than $49 billion into them. In short, crypto is no longer a niche experiment; it's leading the conversation on inflation hedging, financial inclusion, and institutional flows. But...

Image generated by CariGold One early winner of the stablecoin craze is Alexander Hamilton's 241-year-old bank A financial institution founded 241 years ago by Alexander Hamilton is emerging as one of the big early winners of Wall Street’s new stablecoin craze. The latest sign came Tuesday when major crypto firm Ripple announced that Bank of New York Mellon (BK), also known as BNY, would become the primary custodian for the reserve assets of its $500 million stablecoin Ripple USD (RLUSD). The New York bank that can trace its roots back to 1784 and one of the country's founding fathers will manage the mix of US Treasury bills and other notes owned by Ripple while also offering Ripple technology and other transaction banking services...

Image generated by CariGold Jefferies maintains Buy on Alibaba shares, cites strong AI-driven cloud growth Jefferies reiterated its Buy rating on Alibaba (NYSE:BABA) shares on Wednesday, highlighting accelerating cloud revenue growth and record momentum in instant commerce operations as key catalysts. Looking ahead to Alibaba’s June-quarter results, Jefferies wrote: “Accelerating Cloud revenue growth is expected due to solid AI demand,” estimating Cloud Intelligent Group revenue growth of 23% year over year, ahead of both its prior 20% forecast and market consensus. The firm noted this momentum is being driven by rising enterprise demand for artificial intelligence applications. Jefferies also pointed to record highs in daily order...

Image generated by CariGold Trump Family Crypto Venture Preps Vote With Billions at Stake A crypto token backed by the Trump family is moving closer to trading openly on exchanges, potentially unlocking substantial gains for early insiders, while raising fresh questions about governance and investor protection in the booming digital-asset market. World Liberty Financial Inc., a project co-founded by President Donald Trump, his sons, and business allies, has initiated a process to allow its flagship token, WLFI, to be listed on crypto exchanges. The July 4 announcement, shared by both Eric and Donald Jr., marked the first formal step toward public trading after months of anticipation. On the forum seeking feedback on World Liberty’s...

Image generated by CariGold America's oldest bank will now custody Ripple's stablecoin Ripple has selected Bank of New York Mellon as the primary custodian for the reserves supporting its U.S. dollar-pegged stablecoin, RLUSD. Both companies announced on July 9 the ongoing integration of traditional finance with digital assets to bring regulatory compliance and institutional legitimacy to them. BNY Mellon, the oldest bank in the country and the largest institutional service provider, will oversee custody of RLUSD's reserve assets and cash conversions. The alliance gives further impetus to what is being referred to as "stablecoin summer" as companies like Amazon, Walmart, Apple, and Uber are reportedly pursuing their own stablecoin...