Crypto News

Elon Musk Says America Party Will Embrace BTC as 'Fiat Is Hopeless' Elon Musk's 'America Party', a pro-tech centrist party the Tesla and SpaceX founder plans to form after his split from President Donald Trump, would embrace bitcoin (BTC) Musk said on X. Musk has been a long supporter of cryptocurrencies, with SpaceX and Tesla both holding BTC in their corporate treasuries. The America Party formed out of a rift between Musk and President Trump over the 'Big Beautiful Bill' which Musk has criticized as being fiscally irresponsible, calling it the "debt slavery bill". Musk envisions the party, which has not yet been officially registered, as one which takes a pro-tech, pro-free speech and anti-regulation agenda, with centrist...

Image generated by CariGold 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 a new trading week, bitcoin (BTC) is changing hands at $109K, up 0.8% in the last week or 4.5% in the last month, according to CoinDesk market data. In an era of continued sizeable BTC buys from Michael Saylor's Strategy (MSTR), sustained BTC Exchange Traded Fund (ETF) inflows, and more companies adopting a BTC treasury strategy, one has to wonder why bitcoin's price hasn't shot past all-time highs. A new report from CryptoQuant spells it out: all of this institutional action isn't making up for a...

Image generated by CariGold TON Surges on UAE Golden Visa News; Crypto Community Reacts With Excitement and Doubt On July 6, Max Crown, CEO of the TON Foundation, announced on X a "groundbreaking initiative" offering toncoin (TON) holders the "exclusive chance" to secure a 10-year UAE Golden Visa. The program requires applicants to stake $100,000 worth of toncoin for three years and pay a one-time processing fee of $35,000. After the three-year lock-up period, staked funds can apparently be unlocked, and during this time, applicants reportedly earn an estimated 3–4% annual percentage yield (APY) on their staked tokens. The TON Foundation’s website highlights several key alleged benefits: fast approval within seven weeks from...

Image generated by CariGold Elon Musk's 'America Party' reportedly registers with Election Commission It's been a few days since Tesla CEO Elon Musk, who once supported cryptocurrencies such as Bitcoin and Dogecoin, has been talking about launching a new political party in the U.S. Reportedly, it turns out that the political outfit has officially registered with the Federal Election Commission (FEC). Called 'America Party (AMEP),' the new organization registered with the FEC on July 6 under Filing FEC-1898441 and FEC Committee ID-C00910323. The filing mentions the candidate's name as Elon Reeve Musk and says: AMEP's treasurer and custodian of records is Vaibhav Taneja, who is Tesla's chief financial officer. Musk supported Donald...

Image generated by CariGold Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Liberation Day Tariff Deadline Major cryptocurrencies rose Sunday morning as the U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 Liberation Day tariff deadline. Bitcoin, the leading cryptocurrency by market value, gained over 1%, briefly topping $109,000. Payments-focused XRP and Solana's SOL token gained over 2% each, with meme token dogecoin (DOGE) rising 3%. Ethereum's ether, the second-largest token, rose 1.5% to $2,550. In an interview, Bessent stated that the U.S. is close to finalizing several trade deals ahead of the July 9 deadline, when the temporary pause in higher tariffs initially...

Image generated by CariGold Robert Kiyosaki: This Is ‘the Easiest Money Ever’ As the writer of “Rich Dad Poor Dad,” Robert Kiyosaki is known as a financial guru, advocate for alternate investments such as gold and silver, and most recently, Bitcoin. Recently, he declared Bitcoin “the easiest money ever,” claiming that even buying just 0.01 BTC could be life-changing. Let’s break down what Kiyosaki means, why he believes this, and how everyday investors — like you — can respond wisely and take advantage of the opportunity before it passes. Why Bitcoin Is the ‘Easiest Money Ever’ In a post on X, Kiyosaki wrote, “There are only 1 or 2 million Bitcoin left to be mined,” calling this “the easiest time in history to become rich.” While...

Image generated by CariGold Bitcoin's 'Mempool' Nearly Empty as Prices Trade Near Lifetime Highs The Bitcoin blockchain lacks meaningful on-chain activity, even as its native token, bitcoin BTC, trades near a record per-unit price. That's according to mempool – a holding area for unconfirmed blockchain transactions waiting to be included in a block by miners. On Saturday, the mempool had just 5,000 odd transactions awaiting inclusion, with the tally rising to 15,000 at press time, still a far cry from 150,000 when BTC's price first rose above $100,000 in late 2024, according to data source Blockchain.com. Since March this year, the tally has oscillated between $3,000 and $30,000, indicating anaemic demand for the network despite BTC...

Image generated by CariGold The U.S. dollar has long been recognized as an important currency around the world, but there have been growing concerns this year that it may be losing value. According to J.P. Morgan, “The U.S. dollar is the world’s primary reserve currency, and it is also the most widely used currency for trade and other international transactions. However, its hegemony has come into question in recent times due to geopolitical and geostrategic shifts.” Reasons for Concern Specifically, J.P. Morgan noted a few reasons the U.S. dollar is losing value. It pointed to the following reasons for de-dollarization, which is the significant reduction in the use of the dollar in world trade and money transactions: Reasons for...

Image generated by CariGold 'Some complacency has crept in': How FOMO and speculative bets are driving the 2025 market rally The stock market continues to hit new highs in 2025, buoyed by a surge in megacap stocks and more speculative trades as investors' appetite for risk continues to grow despite lingering economic uncertainties. Palantir (PLTR), sometimes described as the quintessential meme stock, and Super Micro Computer (SMCI), the most heavily shorted stock in the S&P 500 (^GSPC) in April, have been among the top-performing equities this year, far outpacing the broader index. While this speculative rally exists alongside record highs for AI giants like Nvidia (NVDA) and Meta (META), a fear of missing out appears to be a key...

Image generated by CariGold Many cryptocurrencies skyrocketed during the buying frenzy for speculative investments in 2020 and 2021. That rally was fueled by near-zero interest rates, stimulus checks, social media buzz, and commission-free trading platforms. But in 2022 and 2023, many of those tokens crashed as interest rates rose and a new crypto winter began. Over the past year and a half, investors have gradually pivoted back toward cryptocurrencies as interest rates declined and President Donald Trump's crypto-friendly administration took the helm. So if you're still bullish on cryptocurrencies, it might be a great time to go shopping again. You shouldn't stake your life savings in cryptocurrencies, but it might be smart to set...

Image generated by CariGold Cryptocurrency has changed how Americans think about money, investing, and the future of finance. According to Bridger Pennington, host of Investment Fund Secrets Show, this is due to new regulations, big institutional investments, and a pro-crypto government. Pennington said, “I think crypto peak interest as of recent times is increasing, as Trump is the most crypto president ever. We’ve seen the SEC repeal the SAB121 rules for crypto accounting, which now allows banks to hold crypto assets on their balance sheet. It seems like the next age of money will be crypto.” From Wall Street giants like BlackRock to government agencies, there is a race to secure digital assets as the foundation for future finance...

Image generated by CariGold Key Takeaways It’s been a tremendous year so far for bitcoin and the crypto market. Cryptocurrencies have gained greater acceptance in Washington, with President Donald Trump establishing a strategic bitcoin reserve and the Senate passing the GENIUS Act. They've also found favor with traditional finance; spot bitcoin exchange-traded fund net inflows in 2025 have totaled $14.4 billion through July 3, according to data from Farside Investors. Bitcoin (BTCUSD) has gained about 15% since the start of the year, outpacing the S&P 500's rise of 7%. It isn't far from the all-time high of near $112,000 set in May, edging closer to the bullish year-end targets analysts set at the start of the year. Here's what...

Image generated by CariGold SoFi Stock Has Big News. Is Now the Time to Buy? As a young tech-focused growth enterprise, SoFi Technologies (NASDAQ: SOFI) stock usually reacts to news about company operations with big moves -- both positive and negative. The company just made an announcement that sent its stock soaring, and now looks like a good time to buy shares. Another way SoFi is standing out SoFi is a fast-growing digital bank. It's attracting new members at a rapid pace, drawing them in with its low fees, easy-to-use interface, and financial innovation. Since it's small and digital, it's more agile than the standard U.S. bank, and it has a greater ability to try and implement new programs. It's also targeting a young and mobile...

Image generated by CariGold Ethereum Touted as ‘Foundational Layer for Global Finance’ by Firm With $500M ETH Bet At the time of writing, Ether (ETH) is trading at around $2,505, up 0.56% in the past 24-hours. SharpLink Gaming, Inc. (SBET) is a pioneering online performance marketing company specializing in the sports betting and iGaming industries. Headquartered in Minneapolis, SharpLink leverages its AI-powered C4 platform to deliver personalized, data-driven marketing content that enhances customer acquisition and retention for sportsbook and casino operators. The company has expanded through strategic acquisitions and partnerships, establishing itself as a leader in the evolving sports betting ecosystem. On July 4, 2025...

Image generated by CariGold Bitcoin Cash Rally Accelerates on Whale Activity and Bullish Technical Signals Bitcoin Cash (BCH) traded at $482.54 on July 5, down 0.23% over the past 24 hours, following a broader retreat from its recent multi-month high. As for the broader crypto sector as gauged by the CoinDesk20 Index (CD20), it is up 0.27% during the same period. On July 1, BCH reached $526.5 — its highest price in eight months — as market enthusiasm, whale accumulation, and speculative inflows helped propel the token more than 75% higher over the past three months. The surge, briefly taking BCH above $528, coincided with a substantial increase in daily trading volume, which tripled to over 120,000 tokens exchanged within a 24-hour...

Image generated by CariGold Crypto, Cash, and Condos: Singapore Ends $2.2B Laundering Case With Fines Singapore fined nine financial firms, including UBS and Citigroup, S$27.5 million ($21.5 million) after a probe into the country’s largest money laundering scandal, which involved the seizure of assets ranging from luxury real estate to cryptocurrency. The Monetary Authority of Singapore (MAS) announced that Credit Suisse’s local unit, now part of UBS, faced the biggest penalty of S$5.8 million for gaps in anti-money laundering (AML) controls. Citigroup’s Singapore business was also fined for compliance lapses. The enforcement wraps up a two-year investigation into a sprawling S$3 billion ($2.2 billion) case revealed in 2023. Ten...

Image generated by CariGold FLOKI Advances Blockchain Gaming Ambitions With Valhalla Mainnet Launch and Esports Partnership FLOKI traded near $0.00007417 on July 5, up 1.32% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the broader memecoin sector as gauged by the CoinDesk Memecoin Index (CDMEME), it is up 1.79% during the same period. Although FLOKI is often categorized as a meme coin, its ecosystem has long featured gaming-related functionality, including NFT-based characters, play-to-earn mechanics, and token integration for in-game rewards. But the launch of the Valhalla mainnet marks its most ambitious gaming milestone to date. On June 30, 2025, FLOKI officially launched Valhalla, a...

Image generated by CariGold WIF Holds Key Support as Whales Accumulate Over 39M Tokens Dogwifhat (WIF) continues to draw attention amid volatile market conditions, with the token consolidating around $0.8319 after dipping 1.17% over the past 24 hours, according to CoinDesk Research's technical analysis model. As for the broader memecoin sector as gauged by the CoinDesk Memecoin Index (CDMEME), it is up 1.79% during the same period. Price action formed a 5.1% range from $0.821 to $0.864, with critical support confirmed near $0.835 on significant volume. A sharp rally earlier this week to $0.92 drew profit-taking, but technical strength remains as WIF holds above its new local floor. Blockchain analytics show whale wallets have...

Image generated by CariGold Ex-ECB Official Urges Europe to Back Euro Stablecoins or Risk Losing Financial Power Stablecoins are growing fast. Most of the $255 billion sector is currently concentrated in U.S. dollar-backed tokens, which account for $241 billion of that total. Former European Central Bank board member and chair of Société Générale, Lorenzo Bini Smaghi, has said that the imbalance could sideline Europe in the next phase of global finance. Bini Smaghi noted that the European Union already has the Markets in Crypto-Assets (MiCA) law, which forces issuers to back tokens with cash and high-grade sovereign bonds. The bloc also runs a pilot regime for trading on distributed ledgers. Yet the euro barely features in today’s...

Image generated by CariGold Key Points There aren't too many Wall Street analysts publishing price predictions on cryptocurrencies. That's because digital currencies are much more difficult to value than traditional stocks. They don't generate cash flow or earnings, nor do they return capital to shareholders; therefore, the traditional valuation methods used by Wall Street analysts don't apply. One strategist who frequently issues crypto price predictions is Geoff Kendrick, the global head of digital asset research at the British bank Standard Chartered. Kendrick is a Wall Street veteran, with 20 years covering global currencies prior to the crypto beat. He has been bullish on Bitcoin, the world's largest cryptocurrency, but also on...