Crypto News

Image generated by CariGold Asia Morning Briefing: Bitcoin Stalls Near $109K as Market Waits for a Catalyst 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. As Asia begins its Wednesday trading day, bitcoin (BTC) continues to trade rangebound without any dominant market-moving headlines. The world's largest digital asset is trading above $108,900, according to CoinDesk market data, and the CoinDesk 20 index, a measure of the performance of the largest digital assets, is above 3,100, up 1.7%. Right now, what separates bitcoin's drift to $110K from a rally is market conviction, say observers...

Image generated by CariGold Cryptocurrency has captured the attention of many over the past year, with investors clamoring for exposure following the bullish move. It’s no secret that crypto is a volatile asset class, spooking many with a more conservative approach. Still, market participants can obtain exposure through several stocks, a list that includes Robinhood Markets and Coinbase. Both companies facilitate crypto trading services, with their upcoming results likely to be positive thanks to massive inflows and trading fees. Let’s take a closer look at each for those seeking exposure to cryptocurrency. Robinhood Posts Record Results Robinhood Markets has transformed financial services by introducing commission-free stock...

Image generated by CariGold Prediction: Bitcoin Will Become a Reserve Currency Key Points Gold has long been an asset that central bankers prefer to hold on their balance sheets. Today, with global finance digitizing by the month, an asset born entirely on the internet is now auditioning for the same role. That asset is Bitcoin (CRYPTO: BTC), and the audition is getting very serious. In fact, I predict that sometime within the next 10 years, this coin will become a reserve asset that at least a few central banks around the world will aspire to hold for the long term. There are a few things that clearly point toward a scenario where Bitcoin sits beside gold and U.S. Treasuries as an important reserve asset. Let's see what makes this...

Image generated by CariGold SoFi Offers Exposure to OpenAI and SpaceX Through New Private-Market Funds SoFi Technologies (SOFI) announced it's introducing new private-market funds that allow investment in startups such as OpenAI and SpaceX. The funds are designed to broaden access to private company investments in diverse sectors including AI, machine learning, space technology, consumer products, healthcare, e-commerce, and financial technology. These funds feature low investment minimums starting at $10, which contrasts sharply with the $25,000 minimum required by some other SoFi private-market funds like the Cosmos Fund, which also offers exposure to SpaceX. SoFi collaborates with asset managers Cashmere, Fundrise, and Liberty...

Image generated by CariGold Elon Musk’s surprise launch of the “America Party” sent fresh shockwaves through crypto markets. After declaring on X that the movement would "embrace Bitcoin” because “fiat is hopeless,” Bitcoin spiked to almost $110,000. Venture capitalist Tim Draper says Elon Musk’s newly launched America Party could inject long-needed innovation into U.S. politics. “I love America because people can innovate in every way possible,” Draper told TheStreet Roundtable in a conversation. Musk, he added, was “frustrated that he couldn’t get anything done within Washington” because lawmakers and regulators “throw up lawyers and judges and whatever in your face every time you try to do something good.” “I think he’s showing...

Image generated by CariGold Trump Media Plans To Launch ‘Crypto Blue Chip ETF’ Holding Bitcoin, Ether, Solana and More Key Takeaways Trump Media & Technology Group (DJT) plans to launch another exchange-traded fund that holds more than just Bitcoin and Ether. The Truth Social parent company, founded by President Donald Trump, filed Tuesday to create the Truth Social Crypto Blue Chip ETF. The fund would be made up of 70% Bitcoin and 15% Ether, along with 8% Solana, 5% Cronos, and 2% XRP. The filing said the proposed fund would trade on the New York Stock Exchange's Arca platform for ETFs. The news comes after Trump Media last month filed for two ETFs: one that would invest 75% of its assets in Bitcoin and the remainder in Ether, and...

Image generated by CariGold Peter Schiff teases tokenized gold offering Veteran fund manager Peter Schiff, well-known for his skepticism of Bitcoin, has finally praised something related to crypto. But he has reserved his praise for the blockchain technology that powers cryptocurrencies for tokenizing gold, not cryptocurrencies themselves. On July 8, Schiff hailed the process of tokenization of real assets to expand liquidity and portability and underlined that gold getting tokenized is where he always said blockchain and crypto would ultimately end up. Tokenization refers to the process of using blockchain technology to digitally represent real-world assets (RWAs) as tradable tokens and offer fractional ownership of those tokens...

Image generated by CariGold Chip company’s stock jumps 43% after aggressive new strategy Sequans Communications, a global leader in 5G and 4G internet-of-things (IOT), has successfully implemented a Bitcoin-focused treasury strategy, attracting $384 million through a combination of equity and debt offerings. Backing the move are more than 40 institutional investors, representing a significant turning point for the company in becoming another corporate name to join the list of companies and corporations embracing Bitcoin as a reserve asset. CEO Georges Karam confirmed the company plans to start purchasing Bitcoin right away, noting that Bitcoin's scarcity and lack of a centralized authority could help Sequans's financial resiliency...

Image generated by CariGold Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan Blockchain Technology Consensus Solutions (BTCS), a Nasdaq-listed firm with an Ethereum (ETH) treasury strategy, surged over 100% on Tuesday on a $100 million funding plan to acquire more ETH for its balance sheet. The company aims to tap traditional and decentralized financial (DeFi) capital markets for the capital raise. It plans to use an existing, $250 million at-the-market (ATM) offering to sell equity, a convertible debt arrangement with ATW Partners and borrowing stablecoins on DeFi lending protocol Aave AAVE. "We believe that Ethereum has significant growth potential and is central to the future digital financial infrastructure," said...

Image generated by CariGold It has been more than a month since Circle Internet Group (NYSE: CRCL), the crypto company, went public on June 5. Since making its public debut, the Circle stock has rocketed as much as 600%, and most analysts are extremely bullish on it. However, analysts at Mizuho Securities have projected a rather bearish outlook on the CRCL stock. For the uninitiated, Circle is the company behind the USDC stablecoin. A stablecoin is a type of cryptocurrency that attempts to stabilize its value, unlike traditionally volatile cryptocurrencies such as Bitcoin. Analysts at the Japanese investment banking and securities firm have said CRCL's valuation doesn't appropriately reflect key risks to the earnings over the...

Image generated by CariGold Wall Street analyst hints the GENIUS act could indeed be genius Crypto analyst and former CEO of BitMEX, Arthur Hayes, has revealed why the US government is so curious about stablecoins. Stablecoins are cryptocurrencies directly pegged to or backed by the US dollar. In his blog, Hayes zeroed in on U.S. Treasury Secretary Scott Bessent's strong support for stablecoins, suggesting that this support may not be driven by a genuine interest in financial innovation, but rather by practical fiscal policy. The U.S. government, Hayes notes, is under significant fiscal pressure due to growing deficits and debt and lacks a politically feasible way to raise taxes substantially. The US debt ceiling has reached $5...

Image generated by CariGold Bitcoin Mining Company HIVE Digital Records 18% Jump in Monthly Output With a global footprint in Canada, Sweden, and Paraguay, HIVE Digital Technologies is one of the world's most prominent Bitcoin mining firms. On July 7, the miner announced that it has recorded a rise of 18% in monthly Bitcoin production in June. Thanks to the firm successfully running the Phase 1 infrastructure at the new 100 megawatt (MW) facility in Yguazú, Paraguay, HIVE mined 164 Bitcoin in June. In contrast, the firm mined 139 Bitcoin in May. Crypto mining is the process of validating and adding transactions to a blockchain by solving cryptographic problems called hashes. Hashrate is a metric that measures how quickly a crypto...

Image generated by CariGold Market Overview It was a relatively muted week for the top 10 (non-stablecoin) cryptocurrencies, with Bitcoin hitting a ceiling at $110.3K despite Drake mentioning BTC in a new song. The Drake curse strikes again? Additionally, Bitcoin futures are showing renewed strength as open interest rises. The leading altcoins secured single-digit gains, but Solana’s still barely moving. Solana’s top ecosystem tokens added pretty much nothing to their combined market cap while trading volume slid 12%. Despite this performance, digital asset products (funds, ETFs, and ETPs) based on Solana received $21.6 million in inflows, the highest in 69 weeks. Here is the weekly recap. Solana's Performance Solana continues to...

Image generated by CariGold Anchorage CEO Discusses Solana ETF, Circle, Stablecoins The REX-Osprey Solana + Staking ETF (ticker: SSK) is the first spot Solana staking fund. It launched on July 1 with Anchorage Digital as its custodian. Anchorage CEO and co-founder Nathan McCauley speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto" about the new fund and Circle seeking to create a national trust bank in the US. In 2021, Anchorage was conditionally approved to convert Anchorage Trust Company into Anchorage Digital Bank. This article has been published in Bloomberg News via Yahoo News. https://finance.yahoo.com/video/anchorage-ceo-discusses-solana-etf-182109697.html

Image generated by CariGold Bit Digital CEO Shifts Entire Crypto Treasury to Ether Lots of companies are copying Strategy's move to build a bitcoin treasury; Bit Digital is instead building a treasury of Ether. The crypto mining company sold its Bitcoin tokens to buy Ether. The company's shares are rallying around 90% in the past six sessions. Bit Digital CEO Samir Tabor joined Sonali Basak and Tim Stenovec on "Bloomberg Crypto." This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/bit-digital-ceo-shifts-entire-181720145.html

Image generated by CariGold OneText Raises $4.5M from Y Combinator, Khosla to Reinvent Shopping by Text The typical online checkout experience has become bloated with friction. And while more companies are building solutions around online checkout, few are rethinking it from scratch. One such company is OneText, which is building what it calls a “text-to-buy network,” that lets shoppers complete purchases via text message. The company, founded by former PayPal employees, just closed a $4.5 million seed round backed by Khosla Ventures, Coatue, Citi Ventures, Y Combinator, Good Friends (the fund created by the founders of Warby Parker, Allbirds, and Harry’s), and Matt Bellamy, the frontman of Muse. Co-founder and CEO Jonathan Fudem...

Image generated by CariGold Bit Digital Scraps Bitcoin Treasury Strategy for Ethereum Crypto is nearing a critical period in American politics, with House Speaker Mike Johnson declaring next week “Crypto Week” as two key crypto bills approach make-or-break moments. Meanwhile, as Fundstrat’s Tom Lee lays out his thesis for Ethereum to hit $10,000, Elon Musk is launching his own bitcoin-friendly America Party, and Michael Saylor pauses Bitcoin buys in what could be a changing of the guard between BTC and ETH as Bit Digital sells its Bitcoin treasury to go all-in on Ethereum. Here are the biggest stories in crypto this week... Ethereum To $10K, Says Tom Lee Fundstrat’s Tom Lee may be the most recognizable guest on CNBC these days...

Image generated by CariGold Justin Bechler gives harsh response to Trump on Epstein files, and ‘strategic reserve’ In a scathing criticism of the U.S. government's handling of Bitcoin, popular crypto influencer Justin Bechler has written off the Strategic Bitcoin Reserve (SBR) — often cited by proponents as a way for the U.S. to neutralize the threat posed by Bitcoin, as "pure political performance" and a "fiction" used to appease the crypto community. On X, Bechler made the case that America might never have an SBR, as he feels the federal government will never voluntarily accumulate Bitcoin, which is essentially a direct challenge to the fiat monetary system. He stressed that no historical model or current policy indicates that...

Image generated by CariGold Robinhood stock surged last week after the company announced that users in Europe would be able to trade "tokenized" versions of popular US stocks and ETFs, including shares of private companies like SpaceX and OpenAI. OpenAI ultimately responded by issuing a warning that it doesn't endorse the move and wasn't involved in issuing any equity to back these tokenized shares. Still, the excitement for the blockchain-enabled assets remains high, and Robinhood CEO Vlad Tenev brushed off OpenAI's concerns on Tuesday, adding that the firm is in talks with European regulators to start offering tokenized shares to users of its platform. What are tokenized stocks? "Tokenization" isn't a term many people outside the...

Image generated by CariGold BONK Surges Past TRUMP to Become 4th Largest Memecoin by Market Cap BONK continued its explosive run, climbing 11% over the 24 hours ending July 8 with trading volume surpassing $1 billion. The coin has also surpassed TRUMP to become the fourth largest memecoin by market cap. This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/bonk-surges-past-trump-become-164413808.html