Crypto News

Image generated by CariGold The Electric Hummer is Almost Outselling the F-150 Lightning General Motors sold 4,508 electric Hummer trucks and SUVs in the second quarter in the U.S., placing it close to Ford’s F-150 Lightning despite a significant price difference. The Hummer sales contributed to a successful quarter for GM’s electric vehicles, marking it as one of the few automakers with a year-over-year increase in U.S. EV sales. The company reported sales of 17,420 electric Equinox SUVs, 3,056 electric Silverado pickups, 6,549 Blazer EVs, 1,810 Escalade IQ EVs, and 1,524 electric GMC Sierra trucks. GM’s commercial EV division, BrightDrop, also experienced growth, selling 1,318 electric vans in this quarter, a rise from 490 last...

Image generated by CariGold Key Points File this under "More proof that Bitcoin (CRYPTO: BTC) is going mainstream." At the end of June, Texas signed into law a Strategic Bitcoin Reserve that will invest in Bitcoin. Texas becomes the third state to do so, joining New Hampshire and Arizona. This is fantastic news for Bitcoin investors everywhere. Although the state's initial $10 million investment won't affect Bitcoin's price, there are a number of reasons why the move is significant. Texas commits public funds to Bitcoin Most importantly, Texas made a commitment to dedicate public funds to a stand-alone Strategic Bitcoin Reserve. In other words, actual taxpayer money is going to be spent on buying Bitcoin. This goes further than...

Why Dogecoin Is Sinking Today Key Points The price of Dogecoin (CRYPTO: DOGE) is sinking on Tuesday. The meme coin saw its value decline 4.6% from Monday at 4 p.m. ET to 12:43 p.m. ET Tuesday. The drop comes as the S&P 500 lost 0.2% and the Nasdaq Composite lost 0.8%. The Musk-Trump Feud Reignites Musk's unofficial role as the "Dogefather" has left the cryptocurrency tied to Musk's public actions. His backing of Trump's presidential run and subsequent place in his administration as the head of the Department of Government Efficiency (DOGE) -- a not-so-subtle wink to Dogecoin -- propelled Dogecoin to heights not seen since 2021. The price more than doubled in the days following the election. Musk left DOGE after a public spat with...

Image generated by CariGold Market Overview The first half of the year is mercifully behind us. After starting 2025 with so much Trump in our step, it’s been a disappointing six months for retail investors as Bitcoin led the crypto market in H1, gaining 13% while most altcoins, including Solana, lagged behind. SOL fell 17% in the same period. Despite the slide, the publicly listed Canadian company SOL Strategies Inc. is strategically investing in Solana's growing ecosystem. For its first move, the firm purchased over 52,000 Jito Network (JTO) tokens worth $100K. Moving on to the weekly chart, the market cap of Solana’s leading ecosystem tokens barely moved while the trading volume tanked 28%. As Q3—a historically weak quarter for...

Image generated by CariGold Why stablecoin issuer Circle wants to be a bank Circle (CRCL), the stablecoin issuer, has formally applied with the Office of the Comptroller of the Currency (OCC) to get a national trust bank charter, it said in a press announcement late Monday. If the national bank regulator grants Circle approval, it plans to spin up a national trust bank called First National Digital Currency Bank, N.A. Such a charter would allow the crypto firm to custody and manage the reserve assets behind its own stablecoins and offer other fiduciary services. It would not allow Circle to accept cash deposits or issue loans. “Establishing a national digital currency trust bank of this kind marks a significant milestone in our goal...

Image generated by CariGold Meta adds business voice calling to WhatsApp, explores AI-powered product recommendations WhatsApp is adding more AI features to its business suite. The company on Tuesday announced it’s introducing the ability for large businesses to reach customers through voice calls, which will allow the app to explore the use of AI-powered voice agents. The company is also looking into using AI to recommend products to users. WhatsApp Business, which has over 200 million monthly users, has been a notable revenue driver for Meta, as its executives noted in the last few quarterly earnings calls. The company earns money through its click-to-WhatsApp ads and charges merchants for messaging features on the platform...

Image generated by CariGold Key Points Shares of the Bitcoin mining company Bitmine Immersion Technologies (NYSEMKT: BMNR) had blasted nearly 50% higher as of 10:41 a.m. ET today. The stock continued its impressive run this week after the company announced yesterday that it would pursue an Ethereum treasury strategy. Following Strategy's Playbook Bitmine announced yesterday that it had raised $250 million in a private placement offering that it will use to purchase Ethereum, following a similar strategy initially implemented by Strategy (formerly MicroStrategy) with Bitcoin. The transaction was led by MOZAYYX and also included participation from the Founders Fund, Pantera, FalconX, Republic Digital, Kraken, Galaxy Digital, DCG...

Image generated by CariGold Analog Devices (ADI) Now Trades Above Golden Cross: Time to Buy? After reaching an important support level, Analog Devices, Inc. (ADI) could be a good stock pick from a technical perspective. ADI recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form...

Image generated by CariGold What Does -13% YTD Drop for PayPal Mean: Buy, Hold or Sell? PayPal shares have experienced a 13.7% drop year-to-date, primarily due to increasing competition in the fintech sector. Companies like Visa Inc., Mastercard Inc., Apple Pay, and Adyen are expanding their services, challenging PayPal's leadership in digital payments. Also, broader macroeconomic pressures and uncertainties around tariff policies have negatively affected investor sentiment. Compared to its peers, PayPal's performance has been notably weaker. While PYPL has struggled, Visa shares have climbed 10.3%, and Mastercard has risen 4.5% over the same timeframe, highlighting PayPal's relative underperformance in a competitive and uncertain...

Image generated by CariGold Robinhood Stock Sets Latest All-Time High on New Crypto Offerings Robinhood Markets (HOOD) shares traded at an all-time high for a second straight session Tuesday following news the online trading platform launched what it called "a suite of new products that mark a major step forward for crypto." The company said it was offering U.S. stock and exchange-traded fund (ETF) tokens, as well as perpetual futures, in the European Union (EU). In addition, Robinhood will provide crypto staking to U.S. customers, beginning with Ethereum and Solana. The firm is also adding a range of other tools "to make trading crypto on Robinhood even more powerful and seamless." Johann Kerbrat, general manager and senior vice...

Image generated by CariGold Circle's Trust Bank Bid: Will This Boost USDC's Market Dominance? Circle Internet Group, Inc. (CRCL), a global fintech leader and issuer of the USDC stablecoin, has formally applied to the Office of the Comptroller of the Currency (OCC) to establish First National Digital Currency Bank, N.A. If approved, this federally regulated trust institution would manage the USDC Reserve and offer digital asset custody services for institutional clients. The move is expected to bolster Circle’s regulatory positioning and operational resilience. A federal trust charter would ensure compliance with upcoming legislation like the GENIUS Act, paving the way for the deeper integration of stablecoins into the U.S. financial...

Image generated by CariGold Hokkoku, Soft Space to unveil SoftPOS supporting stablecoin payments Hokkoku Financial, in collaboration with fintech firm Soft Space, has revealed plans to launch a SoftPOS solution. The solution enables merchants to process contactless card payments and regulated stablecoin transactions using mobile devices. The initiative is part of Hokkoku's strategy to enhance a Super Cashless Region in the Hokuriku area to improve the accessibility of digital payments. The forthcoming service is claimed to be certified in accordance with global mobile payment security standards, capable of handling stablecoin payments in a commercial setting. Merchants will be able to accept payments through an Android device...

Image generated by CariGold Nuvei Launches Direct Payment Acquiring in Canada Canadian fintech firm Nuvei has gone live as a direct payment acquirer, allowing businesses in the region to process domestic transactions locally via its platform. With this move, Canadian merchants are expected to increase sales capture, diminish the incidence of lost transactions, and deliver a streamlined purchasing experience for consumers. The service aims to provide “higher” transaction approval rates through local processing and intelligent routing, while also reducing the “complexity” associated with multiple payment intermediaries. Additionally, Nuvei's new service offers real-time payout options, granting merchants access to over 700...

Image generated by CariGold Robinhood Markets, Inc. (HOOD) shares ended the last trading session 12.8% higher at $93.63. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 25.5% gain over the past four weeks. Robinhood stock skyrocketed to a new all-time high of $94.24 yesterday on the news of its further expansion into the cryptocurrency space. The company announced the introduction of U.S. stock and exchange-traded fund (ETF) tokens for European Union (EU) investors with no commissions and 24/5 accessibility. Also, the company launched crypto staking for eligible U.S. investors starting with Ethereum and Solana. These developments cheered the...

Image generated by CariGold Key Points Dogecoin (CRYPTO: DOGE), created in 2013 as a parody of Bitcoin, is named after a popular meme featuring a Shiba Inu dog. Many investors initially dismissed it as a joke, but this little token generated some massive gains over the following 12 years. Dogecoin started trading at just $0.00026, but it skyrocketed to a record high of $0.7376 on May 8, 2021. Its rally was driven by big endorsements from Elon Musk, Mark Cuban, Snoop Dogg, and other high-profile celebrities -- and amplified by the buying frenzy in meme stocks, cryptocurrencies, and other speculative investments in 2020 and 2021. Today, Dogecoin trades at about $0.16. Therefore, a $100 investment would have briefly grown to $283,692...

Image generated by CariGold The Department of Government Efficiency (DOGE) is pushing the U.S. Securities and Exchange Commission (SEC) to ease regulations on blank-check companies and private investment funds, according to a Reuters report on Tuesday. DOGE officials have recently requested meetings with SEC staff to discuss relaxing what some companies view as burdensome regulations. The discussions have focused on potentially reworking rules adopted during the Biden administration last year that govern Special Purpose Acquisition Companies (SPACs) and requirements for private investment advisers to confidentially report more data to regulators. This regulatory rollback effort is part of President Donald Trump’s broader initiative...

Exclusive: DOGE now targeting SEC policy, eyes SPAC rules, sources say WASHINGTON/NEW YORK (Reuters) - President Donald Trump's Department of Government Efficiency initiative has pushed the U.S. markets watchdog to loosen Wall Street rules around blank-check companies and confidential reporting by private investment funds, according to two people familiar with the matter. DOGE officials at the SEC, who have so far focused on cutting costs, have in recent weeks sought meetings with staff to explore relaxing what some companies have described as burdensome and unnecessary regulations, including reworking Biden-era rules adopted last year on so-called Special Purpose Acquisition Companies, or SPACs, and requirements that private...

Image generated by CariGold Will XRP Ever Reach $10? Key Points XRP is still just a $2 crypto, but hope springs eternal in the crypto market. So will XRP ever reach $10? The answer is "yes," but it will likely take several years before it happens. A lot needs to go right for XRP to quintuple in price. In April, cryptocurrency exchange Bitget set a $10 price target for XRP. XRP has several key catalysts to make it happen. Regularity clarity The first major catalyst is "regularity clarity." The U.S. Securities and Exchange Commission (SEC) is dropping its long-running case against Ripple, the company that launched the XRP token. That SEC case has been hanging over Ripple and XRP since December 2020. Under the Trump administration...

Image generated by CariGold Where Will Shiba Inu Be in 5 Years? Key Points Shiba Inu (CRYPTO: SHIB) was created as a parody of Dogecoin (CRYPTO: DOGE) -- which itself was a parody of Bitcoin -- back in 2020. Many investors initially dismissed it as a joke, yet it generated millionaire-making gains during the following five years. Shiba Inu started trading at just $0.00000000051 per token, but it's now trading at $0.000011. That rally would have turned a $100 investment into about $2.16 million. Let's see why this little meme coin soared -- and if it can surge even higher during the next five years. How was Shiba Inu created? Shiba Inu is one of the many tokens minted on the Ethereum blockchain, which supports use of smart...

Image generated by CariGold Germany's Public Savings Bank Network Sparkassen to Offer Bitcoin Trading to Clients: Report Sparkassen, a group of savings banks operating across Germany since the first established in Hamburg in 1778, has decided to introduce cryptocurrency trading services for their customers, according to a report by Bloomberg. The group will enable private clients to trade cryptocurrencies, including bitcoin (BTC) and ether (ETH), directly through their mobile banking apps via the group's securities platform, DekaBank, with the facility expected to go live by summer 2026. The news comes months after DekaBank introduced crypto trading and custody services for institutional clients and represents the growing acceptance...