Crypto News

Image generated by CariGold Trump's Company Files with SEC to Launch Shocking New 'Blue Chip' ETF Trump Media and Technology Group Corp., or TMTG (Nasdaq: DJT), announced on July 8 that it has filed the form S-1 with the Securities and Exchange Commission (SEC) to launch the "Truth Social Crypto Blue Chip" exchange-traded fund (ETF). A crypto ETF is a financial product that is traded on traditional stock exchanges and gives investors exposure to crypto assets without the need for traders to directly own the cryptocurrency. Majority-owned by President Donald Trump, Trump Media and Technology Group is the company behind Truth Social, the social media platform that the president frequently posts his messages on. The ETF will directly...

Image generated by CariGold Trump Media files for 'Crypto Blue Chip ETF' with SEC President Donald Trump continues to expand his crypto-related offerings, this time with a planned exchange-traded fund tied to the prices of five popular cryptocurrencies. Trump Media & Technology Group (DJT), a Florida company that operates the Truth Social media platform, announced Tuesday it had filed paperwork with the Securities and Exchange Commission for approval to launch the “Crypto Blue Chip ETF” later this year. The proposed ETF would have 70% of its holdings in bitcoin, the world’s most popular cryptocurrency, 15% in ethereum, the second-most popular, and 8% in solana, a cryptocurrency popular in the meme coin community. The fund would hold...

Image generated by CariGold Russian Firms Use Netting, Gold, and Crypto in Transborder Payments MOSCOW (Reuters) - Russian companies are successfully using netting, gold, and cryptocurrency to facilitate international payments, the head of Russia's financial watchdog told President Vladimir Putin on Tuesday. Netting involves banks managing export and import payments through verified agents, with transactions centrally balanced to ensure counterparties receive their funds. International payments for Russian trade nearly stalled in the spring of 2024 as banks in Russia's key trading partners, including China, India, Turkey, and the United Arab Emirates, came under the threat of secondary U.S. sanctions. The problem has eased...

Image generated by CariGold Robinhood’s Tenev confirms EU probe, reaffirms stock tokens on Bloomberg TV Investing.com -- Robinhood Markets Inc (NASDAQ:HOOD) CEO Vlad Tenev on Tuesday defended the company’s foray into tokenized equity offerings, describing it as a transformative step for capital markets and underscoring efforts to satisfy European regulators. Speaking to Bloomberg TV, Tenev outlined the mechanics of new derivative-based stock tokens that provide exposure to over 200 publicly listed companies in the EU, and pointed to broader ambitions to unlock retail access to private firms in the U.S. and UK. The products are now live across the European Union under Lithuania’s regulatory purview, where officials have opened an...

Image generated by CariGold Fair Isaac stock falls after Fannie, Freddie allow VantageScore use Investing.com -- Fair Isaac Corporation (NYSE:FICO) stock fell 6% today while Equifax (NYSE:EFX) shares rose 3% and TransUnion (NYSE:TRU) gained 4.4% following an announcement that Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) will now allow lenders to use the VantageScore 4.0 credit scoring model. William Pulte, Director of US Federal Housing FHFA, announced the change on social media platform X, stating: "Effective today, to increase competition to the Credit Score Ecosystem and consistent with President Trump’s landslide mandate to lower costs, Fannie and Freddie will ALLOW lenders to use Vantage 4.0 Score with no current requirement...

Image generated by CariGold Mastodon’s Latest Update Readies the App for Quote Posts, Revamps Design Mastodon, the open-source, decentralized social network offering an alternative to Elon Musk’s X and Meta’s Threads, is rolling out several updates with Tuesday’s release of Mastodon 4.4. Most notably, the app is taking the first steps towards implementing a change that will bring it on par with other networks: it’s preparing to integrate Quote Posts, similar to what Twitter used to call Quote Tweets. This type of repost allows users to quote another person’s post and add their commentary above it. On Twitter, now called X, the feature led to a culture of “dunking,” where users would deride another person by quoting a post and...

Image generated by CariGold Soluna Holdings Stock Rises on Data Center Expansion With 'Top-Tier Bitcoin Miner' KEY TAKEAWAYS Soluna Holdings (SLNH) shares rose in early trading Tuesday after the maker of green data centers announced an expansion of its Texas site with a company it called a “top-tier Bitcoin miner.” “With this deal, Project Dorothy 2 is now fully marketed and contracted,” Soluna said. The data center developer said it has expanded its flagship project site Project Dorothy 2 by 30 megawatts in its third buildout with this customer, which it didn’t name. “It’s a major milestone in our growth pipeline, bringing 100% of our active facilities to full capacity,” Soluna CEO John Belizaire said. Soluna shares rose 4.6% in...

Image generated by CariGold Trump Media Furthers Push Into Crypto With Third ETF Filing (Bloomberg) — Trump Media & Technology Group Corp. (DJT, DJTWW) is plowing deeper into the cryptocurrencies space with a new filing for an exchange-traded fund that would hold a number of digital assets, including Bitcoin (BTC-USD), Ether, Solana, and others. Most Read from Bloomberg A Tuesday filing showed the social-media firm owned by President Donald Trump seeking to launch the “Crypto Blue Chip” fund, with the paperwork marking its third ETF filing. The fund, should it launch, would hold Bitcoin, Ether, Solana, Cronos, and XRP directly, though nearly three-quarters of it would be comprised of Bitcoin, the largest token in the market. Though...

Image generated by CariGold Is it time to invest in bitcoin? If you are like most people, you might be on the fence about cryptocurrencies. Many financial entities were also on the fence until recently. As Cointelegraph reported, Grant Cardone’s real estate firm, Cardone Capital, purchased 1,000 bitcoin, highlighting a shifting investment strategy at his company. Read on for more information about Cardone’s latest move and what it means for bitcoin and your investment strategy. Cardone Capital’s Recent Move On June 21, Grant Cardone posted on X (formerly Twitter) that his firm became the “first ever real estate/btc company integrated with full BTC strategy.” This comes after announcements in late April that Cardone Capital was...

Image generated by CariGold Steve Chen, personal coach and self-proclaimed “millionaire teacher,” has over 2 million Instagram followers, and in a recent Instagram post, he shared an easy, effective way to invest $10,000 and turn it into over $1 million in retirement. What Should You Do With $10K Today? Chen said there’s an easy answer to this question. He said you should invest it in an S&P 500 exchange-traded fund (ETF) and leave it there. But how do you do that? Which fund? And how much will you have when it’s time to retire? Here’s how it all plays out. Open and Fund an Investment Account Chen recommended going to Fidelity or Schwab and opening a brokerage account. You can do this at many different places, but Fidelity and...

Image generated by CariGold GameSquare Unveils $100M Ethereum Strategy, Raises $8M in Public Offering GameSquare Holdings (NASDAQ: GAME) announced it’s launching a crypto-focused treasury strategy backed by a strategic alliance with Dialectic, aiming to generate on-chain yields of 8–14% using Ethereum. The company’s board approved up to $100 million in ETH investments over time. GameSquare raised $8 million through a public offering of 8.4 million shares at $0.95 each. Proceeds will fund the Ethereum strategy, powered by Dialectic’s Medici platform, which uses AI and risk controls for yield optimization. “Today’s announcement reflects the confidence of a proven group of high-quality investors and leaders in decentralized finance,”...

Image generated by CariGold ReserveOne, backed by crypto heavyweights, set to raise over $1 billion in Nasdaq listing ReserveOne, a new cryptocurrency holding company with ties to industry veterans and a former U.S. commerce secretary, announced it will list on the Nasdaq through a blank-check deal expected to raise over $1 billion. The company plans to manage a portfolio of cryptocurrencies, including bitcoin, ethereum, and Solana. Shares of M3-Brigade Acquisition V Corp, the blank-check firm involved, fell nearly 4% before the open. This deal is part of a broader trend to incorporate crypto assets into equity, making them more attractive to traditional investors. The significant stock price growth of Michael Saylor's Strategy...

Image generated by CariGold Trump Media seeks SEC approval for blue-chip crypto ETF Trump Media & Technology Group is looking to launch an exchange-traded fund that will invest in multiple crypto tokens, including bitcoin, ether, solana, and ripple, a filing with the U.S. markets regulator showed on Tuesday. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/trump-media-seeks-sec-approval-124530463.html

Image generated by CariGold Key Points The Bitcoin treasury company model pioneered by Strategy is going fully mainstream. In fact, Wall Street is now adapting this business model for other cryptocurrencies beyond just Bitcoin. On June 30, Tom Lee of Fundstrat announced that he was becoming the chairman of BitMine Immersion Technologies, a tiny Bitcoin mining company. But here's the twist: He's going to transform that Bitcoin-centric company into an Ethereum (CRYPTO: ETH) treasury company. The company will buy Ethereum, not Bitcoin, for its balance sheet. Tom Lee is very bullish on Ethereum. He recently told CNBC that he thinks Ethereum has the potential to become "the new Bitcoin." Is he right? Ethereum's historical track record...

Image generated by CariGold How Much Bitcoin Should Be in Your Portfolio? Key Points Until this year, the conventional wisdom was that Bitcoin (CRYPTO: BTC) should account for no more than 1% of your portfolio. Maybe as high as 3% if you are very aggressive or have a very long time to go until retirement. But one top financial advisor, Ric Edelman, is now telling people that it's time to boost that Bitcoin allocation to at least 10% and perhaps even as high as 40%. Edelman is in the Barron's Financial Advisors Hall of Fame, so he obviously knows a thing or two about investing. So what's causing him to ratchet up his suggested Bitcoin allocation? Bitcoin and the 60/40 Portfolio One fundamental point Edelman makes is that the...

Image generated by CariGold ShopBack gains payment institution licence in Singapore ShopBack, a platform specialising in shopping rewards and payments, has secured a major payment institution (MPI) licence from the Monetary Authority of Singapore (MAS). This licence enables ShopBack to offer payment services through its product, ShopBack Pay, within Singapore's regulatory framework. It allows ShopBack to directly facilitate payment transactions, enabling merchants to accept payments and customers to pay using ShopBack Pay. ShopBack acting CFO and chief of staff Huanmin Huang said: “Receiving this Major Payment Institution licence marks a foundational milestone for ShopBack. It reflects MAS’s trust in our ability to operate...

Image generated by CariGold Is Dogecoin a Buy Right Now for Just $0.17? Here Is What History Suggests. Key Points There are many different ways to invest in cryptocurrency. For those who want direct exposure, some of the more popular opportunities include investing in Bitcoin or Ethereum. By contrast, some may choose a more passive route -- investing in public companies such as Coinbase Global, Circle, or Robinhood Markets, whose respective business models touch the cryptocurrency landscape in a variety of ways. There are plenty of other choices beyond the mainstream stocks and cryptocurrencies referenced above, however. In recent years, one cryptocurrency that has burst onto the scene is Dogecoin (CRYPTO: DOGE). Let's explore the...

Image generated by CariGold Robinhood CEO confirms regulatory talks over tokenized equities Robinhood Markets Inc is in discussions with regulators regarding its tokenized equities offering in Europe, CEO Vlad Tenev said after the launch drew criticism from companies like OpenAI. The California-based company recently announced that retail investors using its app in the European Union could trade tokens representing shares of US equities on blockchain. The launch included a token giveaway for private companies such as OpenAI, which later warned traders that these tokens do not represent actual equity in the company. "They have some questions," Tenev told Bloomberg Television, referring to the Bank of Lithuania, which oversees...

Image generated by CariGold BlackRock iShares Bitcoin ETF Surges Past 700K BTC in Record-Breaking Run BlackRock’s iShares Bitcoin Trust (IBIT) now holds 700,000 bitcoin (BTC), according to Glassnode data, and has amassed $76 billion in assets under management in just 18 months, outstripping both the iShares Core S&P 500 ETF (IVV), which tracks the U.S. equity benchmark, and iShares Russell 2000 ETF (IWM), which tracks the performance of small-cap U.S. stocks. The figure beats the 600,000 BTC held by Strategy (MSTR), which started purchases in 2020, and compares with Fidelity FBTC's 203,000 BTC and Grayscale GBTC's 184,000 BTC. “New milestone, iShares Bitcoin ETF now holds over 700,000 BTC. 700,000 Did this in 18 months. Ridiculous,”...

Image generated by CariGold Australian Crypto Asset Manager DigitalX Secures Over $13M to Expand Bitcoin Holdings Crypto asset manager DigitalX (DCC) has locked in 20.7 million Australian dollars ($13.5 million) from heavyweight crypto investors to deepen its focus on bitcoin (BTC). The placement attracted funding from Animoca Brands, UTXO Management, and ParaFi Capital, alongside individual contributions from executives in the crypto space. One of those participants is Simon Gerovich, President and CEO of Japan-listed Metaplanet, who invested in a personal capacity. Metaplanet (3350) is currently the fifth-largest publicly traded bitcoin treasury company, with 15,555 BTC on its balance sheet. DigitalX plans to funnel nearly 19.7...