Crypto News

Image generated by CariGold On June 30, Circle Internet Group (NYSE: CRCL) applied for a national banking license with the U.S. Office of the Comptroller of the Currency. With the license, Circle aims to establish a national trust bank, First National Digital Currency Bank, N.A. If granted, the license would allow Circle to act as a custodian for its own reserves and hold cryptocurrencies on behalf of institutional clients. However, the crypto firm would not be able to offer cash deposit and loan services to its customers under this license. Founded in 2013, Circle is a crypto company that issues the USDC stablecoin. A stablecoin is a type of cryptocurrency that attempts to stabilize its value, unlike traditionally volatile...

Image generated by CariGold Why Strategy Stock Popped by 8% Today Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, the onetime tech company that pivoted hard into effectively becoming an institutional Bitcoin (CRYPTO: BTC) investor, easily surmounted the hump of Hump Day. The company's shares closed the day almost 8% higher in price, thanks to (unsurprisingly) an increase in the digital coin's value, on general optimism for its future. That stock price pop was well higher than the S&P 500's upward move of 0.5%. The Bitcoin bump Since Strategy grandly describes itself as "the world's first Bitcoin treasury company," the performance of its stock has much to do with the No. 1 crypto's movements. Comfortingly for the company...

Image generated by CariGold I'm sorry, but I can’t provide the full text of the article as you've requested. However, I can help summarize or discuss its main points if you’d like. https://finance.yahoo.com/video/pompliano-bigger-bitcoin-gets-less-214133935.html

Image generated by CariGold OpenAI denies partnership with Robinhood on stock tokens Investing.com -- OpenAI stated Wednesday it has not formed a partnership with Robinhood (NASDAQ:HOOD) regarding the stock tokens that the trading platform introduced earlier this week. Robinhood launched tokens on Monday that would give its customers in the European Union exposure to OpenAI and SpaceX. In a post on X, OpenAI clarified: "These ’OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer. Please be careful." Related articles OpenAI denies partnership with Robinhood on stock tokens Changan...

Image generated by CariGold President Donald Trump's net worth has changed little since Election Day 2024 — holding steady at $6.4 billion — but the makeup of his fortune is undergoing a major transformation. An aggressive pivot into crypto assets has added more than $620 million to his fortune in just a few months, according to the latest report from Bloomberg, easily surpassing proceeds from traditional licensing deals. Though real estate still comprises the backbone of Trump's empire, digital assets now constitute an increasingly large slice of the family pie. Central to this financial bonanza is World Liberty Financial World Liberty Financial (WLFI) is a cryptocurrency platform with links to the Trump family. By June, the...

Image generated by CariGold Solana’s First ETF Goes Live as Crypto Analysts Predict Surge of New Altcoin Funds First Bitcoin, then Ethereum, and now Solana. The crypto industry is flooding traditional markets with assets pegged to cryptocurrencies that mom-and-pop investors can buy up from their brokerage accounts. On Wednesday morning, the first Solana exchange-traded fund, or ETF, went live on Cboe BZX, a stock exchange based in Chicago. Dubbed the REX-Osprey SOL and Staking ETF, the fund is available to investors who want exposure to Solana, one of the top cryptocurrencies whose market capitalization is about $81 billion. In addition to tracking the price of Solana, the fund, managed jointly by REX Financial and its sister firm...

Image generated by CariGold Ripple Eyes U.S. Banking License in Bold Expansion Push, XRP Jumps The San Francisco-headquartered blockchain tech and crypto payments company Ripple applied for a national banking license from the U.S. Office of the Comptroller of the Currency (OCC) on July 2, the Wall Street Journal reported. Ripple is the company behind the XRP ledger and the RLUSD stablecoin. If the OCC grants the license to the firm, the body would regulate the stablecoin. The license would also allow the firm to offer additional crypto services. CEO Brad Garlinghouse confirmed the news on X, writing that the firm's move reflects its long-standing compliance roots. Earlier this week, the firm also applied for a Federal Reserve...

Image generated by CariGold What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.9% in the afternoon session after the company announced its acquisition of LiquiFi, a token management platform. The deal, for an undisclosed amount, aims to enhance its services for early-stage crypto projects. By integrating LiquiFi, Coinbase will add automated token vesting, distribution, and compliance tools to its offerings, simplifying the process for new businesses launching on the blockchain. This move is intended to help Coinbase partner with builders earlier in their development and create a more comprehensive platform for issuing and managing digital assets. The positive momentum for Coinbase was also...

Image generated by CariGold Ripple applies for US national bank charter as crypto eyes next frontier Crypto firm Ripple is applying for a national bank charter in the U.S., its CEO Brad Garlinghouse wrote in a social media post on Wednesday, shortly after a similar step by stablecoin giant Circle. The move reflects a broader push by crypto firms for regulatory clarity and deeper integration with the traditional financial system. A charter would allow crypto companies to settle payments faster and cut costs by bypassing intermediary banks, while also providing a stamp of legitimacy after years of what they claim has been regulatory sidelining. Ripple's charter will need to be approved by the Office of the Comptroller of the...

Image generated by CariGold Bitcoin may have risen to new all-time highs by solidifying its place on the world stage as "digital gold," but a new blockchain is now officially launching to unlock new ways for holders to leverage the asset's "digital" store of value. "Right now, we're in this interesting space where you have Bitcoin [as] a store of value that doesn't do anything," Botanix co-founder Willem Schroe recently told Coinage, pointing out that most of the lending against Bitcoin is still handled by centralized, off-chain lenders. "There's so much more in the world that needs to come onchain." Botanix is looking to solve that by launching its mainnet to pair Bitcoin with the world of DeFi already built on Ethereum. Up until...

Image generated by CariGold Trump's Landmark Trade Deal with Vietnam Has Markets Spiking On July 2, President Donald Trump finalized a new trade agreement with Vietnam, which he had personally negotiated with General Secretary Nguyen Xuan Phuc. The deal has a tariff of 20%, which will be assessed on all goods imported from Vietnam, and a 40% charge on any goods that might be considered transshipped goods. Crypto markets reacted with cautious optimism. Bitcoin was up 0.10% to $108,105, Ethereum was up 0.43%, and Solana was leading the majors with a 0.72% increase, with room to grow, considering the trade opening as a macro bullish signal for the overall crypto market. In addition to this concession, Vietnam will provide full access...

Image generated by CariGold Defi Dev Hikes Convertible Note Offering to $112M for Buyback, More SOL Purchase Defi Development Corp (DFDV), a Nasdaq-listed firm with a crypto treasury strategy focused on Solana (SOL), announced it is issuing $112.5 million in convertible notes to raise capital for a stock buyback program and additional SOL purchases. The notes offering, which was upsized from $100 million, will mature in 2030. They feature a 5.5% annual interest rate and give investors the right to convert their debt into equity at a conversion price of $23.11 per share, a rough 10% premium on the previous closing price. Investors have an option to purchase an additional $25 million in notes during this funding round, which is...

Image generated by CariGold U.S. M2 Money Supply Hits Record High: What Does This Mean for BTC? The U.S. M2 money supply reached a record $21.94 trillion in May, surpassing its previous high from March 2022. Money supply growth can lead to inflation if it outpaces the economy. Will the ongoing uptick in the M2 growth rate contribute to inflation in the coming months? This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/u-m2-money-supply-hits-161248871.html

Image generated by CariGold Wall Street banking giant targets carbon credit market JPMorgan Chase & Co. has launched a blockchain initiative to facilitate the tokenization of carbon credits, collaborating with three major carbon registries to enhance the efficiency and transparency of the voluntary carbon market's credit trading process. The bank's blockchain division, Kinexys, will work with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry on a pilot to transform historic carbon credits into digital tokens. These tokens will be issued on a blockchain and serve as proof of ownership of a verifiable one-ton carbon dioxide offset, typically from forestry or renewable energy projects. The move reflects...

Image generated by CariGold 2 Reasons You May Want to Swap Coinbase for CONY Key Points Over the past 12 months, Coinbase Global is up an impressive 58%. In 2025, it's already up 42%. However, those are just paper gains. If you are holding Coinbase Global, you would need to sell the stock in order to realize any income. That's the problem that the YieldMax COIN Option Income Strategy ETF attempts to solve. This ETF gives you access to some (but not all) of the upside potential of Coinbase stock, while simultaneously giving you a steady monthly income. Let's take a closer look at why you might want to swap Coinbase for CONY. What is CONY? As the name of this ETF suggests, the primary goal here is to maximize yield. Using financial...

Image generated by CariGold Key Points Coinbase (NASDAQ: COIN), one of the world's largest cryptocurrency exchanges, has been a volatile investment ever since its direct listing four years ago. It closed at $328.28 per share on its first day and eventually rose its record-high closing price of $357.39 seven months later. But by Dec. 28, 2022, Coinbase's stock sunk to a record low of $32.53 as rising rates and other macro headwinds chilled the crypto market. After soaring 766% in 2021, its trading volumes plunged 50% in 2022 and dropped 44% in 2023. Its total revenue, which had risen 545% in 2021, fell 57% in 2022 and 7% in 2023. Yet that slowdown eventually ended as interest rates declined, more crypto ETFs were approved, and the...

Image generated by CariGold Tech billionaires to launch new crypto-focused bank Erebor amid SVB’s void A group of tech billionaires led by Anduril co-founder Palmer Luckey are launching a new crypto-focused U.S. bank called Erebor to serve the technology sector, according to a Financial Times report on Wednesday. The founding group reportedly includes Peter Thiel’s Founders Fund and Palantir co-founder Joe Lonsdale. Erebor has applied for a national bank charter and plans to serve technology businesses in artificial intelligence, crypto, defense, and manufacturing sectors, as well as individuals who work at or invest in these companies. According to its charter application, the digital-only bank will be headquartered in Columbus...

Image generated by CariGold Tech billionaires led by Palmer Luckey to launch new bank to rival SVB, FT reports A group of tech billionaires led by Anduril co-founder Palmer Luckey are launching a new crypto-focused U.S. bank to fill the void left by Silicon Valley Bank's collapse, the Financial Times reported on Wednesday, citing people familiar with the matter. The group also includes Peter Thiel's Founders Fund and Palantir co-founder Joe Lonsdale, a major donor to U.S. President Donald Trump's 2024 campaign, the report said. Before a March 2023 liquidity crisis, SVB had long been a major primary banking channel for early-stage technology firms and venture capitalists—entities deemed too risky by traditional banks. Many startups...

Image generated by CariGold Every SoFi Investor Should Keep an Eye on This Number Key Points To say that there's a lot to like about SoFi (NASDAQ: SOFI) would be a massive understatement. Just to name a few things, member growth is accelerating and the addition of 800,000 new members to the ecosystem in the first quarter is a single-quarter record for SoFi. In addition, SoFi reported its first full profitable year in 2024, and earnings are expected to grow rapidly. SoFi also has massive potential in areas such as home loans and third-party loan origination, both of which are gaining serious traction. However, as a SoFi stock investor myself, I think there's one area that holds tremendous room for improvement, and if the bank gets...

Image generated by CariGold Key Points People keep coming back to crypto for its purported ability to make one rich overnight. The enduring tale is that a modest pile of coins bought today will swell into a life-changing fortune tomorrow. Two of the perennial crowd-pleasers in that genre are Dogecoin (CRYPTO: DOGE) and Cardano (CRYPTO: ADA). Both have fan bases that are convinced they hold the ticket to seven-figure wealth. Yet markets, like gravity, enforce limits. Before stuffing money into either coin, investors should ask what has to happen, in cold numeric terms, for a fresh buyer of either of these assets today to become a millionaire. The arithmetic spoils the fantasy here Let's start with discussing the scale involved with...