Crypto News

Image generated by CariGold HDV Is a Popular Dividend ETF for Passive Income. But Is It the Best? Key Points Artificial intelligence (AI), big tech, and cryptocurrencies all have their fans among investors, and with good reason. All can add to a well-balanced portfolio that will help make you richer over time. But you shouldn't forget about income investing -- buying stocks that reward you for holding them by paying a nice, sizable dividend on a regular basis. Rather than trying to pick one or two (or 12) dividend stocks, many investors turn to exchange-traded funds (ETFs) to do the heavy lifting. Dividend ETFs are popular go-to options for investors who are seeking a passive income flow. One of the most popular is the iShares Core...

Image generated by CariGold Bitcoin ETP With DeFi Yield Goes Live in Europe A bitcoin (BTC) exchange-traded product (ETP) that generates yield from decentralized finance (DeFi) markets has debuted on Tuesday, in what issuer Fineqia calls a first of its kind. The Fineqia Bitcoin Yield ETP (YBTC), listed on the Vienna Stock Exchange, targets a 6% annual yield by deploying investor capital into DeFi strategies. It is issued by Fineqia’s Liechtenstein-based subsidiary and advised by Psalion Yield, a digital asset investment firm focused on blockchain-based yield. Unlike existing crypto yield ETPs that rely on derivatives or structured notes, YBTC maintains one-to-one exposure to bitcoin while generating returns directly from DeFi...

Image generated by CariGold Could Investing in Bitcoin Help You Buy Your Next House? Key Points Due to the rising cost of housing in America, many young people now think they might not ever be able to afford a new house. But don't worry, Bitcoin could change all that and make home ownership a reality. At the end of June, the U.S. Federal Housing Finance Agency issued a new directive, instructing both Fannie Mae and Freddie Mac to count Bitcoin as an asset on single-family home mortgage applications. Previously, mortgage applicants had to convert any Bitcoin holdings into U.S. dollars if they wanted their crypto to count. Given Bitcoin's rapid price appreciation over the past decade, this move could end up being a real game-changer...

Image generated by CariGold XRP, TRX, DOGE Lead Majors With Positive Funding Rates as Bitcoin's Traditionally Weak Quarter Begins A key metric called perpetual funding rates is signaling bullishness for top altcoins as bitcoin (BTC) kicks off the traditionally weak third quarter with flat price action. Funding rates, charged by exchanges every eight hours, refer to the cost of holding bullish long or bearish short positions in the perpetual (perps) futures (with no expiry). A positive funding rate indicates that perps are trading at a premium to the spot price, necessitating a payment from longs to shorts to maintain bullish bets. Therefore, positive rates are interpreted as representing bullish sentiment, while negative rates...

Image generated by CariGold A cryptocurrency firm linked to President Donald Trump's family has raised $220 million to further explore Bitcoin mining. In a filing made on Monday, the firm, known as American Bitcoin, increased its investment by selling new stock to private investors. According to reports, approximately $10 million of the latest stock was funded with Bitcoin instead of dollars. Eric Trump, one of the president's sons, endorses the company, which is getting a lot of attention very fast. Eric and his brother, Donald Trump Jr., have both been involved in crypto ventures, primarily as their father aims for the U.S. to become "the crypto capital of the world." American Bitcoin's Public Plans American Bitcoin was a newly...

Image generated by CariGold Asia Morning Briefing: Are Distributed Compute Tokens Undervalued vs. CoreWeave (CRWV)? Tech investors love to pay for potential. GameFi tokens, with sky-high valuations divorced from current user numbers or revenues, embody this optimism perfectly. But, surprisingly, distributed compute tokens don't seem to enjoy the same speculative premium even when compared to their Traditional Finance traded peers like CoreWeave (CRWV). CoinMarketCap says the category of tokens for decentralized networks that provide GPU power for AI and other compute workloads, which includes well-known tokens like BitTensor, Aethir, and Render, is worth $12 billion. At the same time, market data from research group MarketsandMarkets...

Image generated by CariGold Legal software company Clio drops $1B on law data giant vLex On Monday, Clio, a 17-year-old Canadian law firm management software company, announced that it has agreed to acquire vLex, a 26-year-old legal data intelligence platform, in a $1 billion cash-and-stock deal. The announcement comes about a year after Clio’s massive $900 million funding round, which nearly doubled the Vancouver, British Columbia-based company’s valuation from $1.6 billion in 2021 to $3 billion. vLex, which was largely bootstrapped until it was purchased by private equity firm Oakley Capital in 2022, has been a highly sought-after asset, according to Jack Newton, CEO and founder of Clio. Harvey, the AI-native legal tech startup...

Image generated by CariGold Elon Musk, the wealthiest person in the world, is a man of many titles. For those keeping a running tally, you can currently count him as the CEO of Tesla, SpaceX and X. However, one title he no longer holds is being head of the Department of Government Efficiency (DOGE). The purpose of the department is to cut out waste from federal government spending and boost efficiency and productivity. Though Musk may have left unceremoniously, causing a slight rift with President Trump and his White House administration, Musk still believes in the mission statement of the department. “DOGE is a way of life, like Buddhism… You wouldn’t ask the question, ‘Who would lead Buddhism?'” In other words, Musk was saying that...

Image generated by CariGold Crypto investors are on edge after the IRS started mailing out a flurry of warning letters to Bitcoin and other cryptocurrency holders. Several tax experts say that thousands of investors have received notices over the last two months, far more than in previous years. Crypto tax lawyers Jordan Bass and Andrew Gordon say they're seeing a similar swell in questions, calling it the most attention on crypto by the IRS since a wave of compliance letters sent from 2020 to 2021. The new IRS letters inform recipients that the agency has records of them holding cryptocurrency — in some cases, on exchanges like Poloniex — and that they may have failed to report those assets correctly. Some letters are just...

Image generated by CariGold Jim Cramer, host of CNBC's popular TV show "Mad Money," isn't known for shying away from sharing his opinionated takes on the markets. Whether a stock is decades old or newly launched, nothing escapes his close scrutiny. Cramer recently dropped his bold verdict on Circle Internet Group (NYSE: CRCL). "Circle is one the red hot griddle tonight," the veteran analyst wrote on X on June 30. Circle is a prominent crypto company that issues the USDC stablecoin. A stablecoin is a type of cryptocurrency that tries to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. Pegged 1:1 to the U.S. dollar, Circle's USDC is the second-largest stablecoin behind Tether's USDT. With a...

Image generated by CariGold Michael Saylor and Senator Lummis send a hard-nosed response on 'double taxation' Strategy's Michael Saylor and U.S. Senator Cynthia Lummis (R-WY) are actively seeking reform to what Saylor calls the "unfair" double taxation of Bitcoin miners and stakers. Lummis explained how the current tax regime creates a situation where miners suffer taxation twice for the same reward — once when they receive block rewards and again when they sell the rewards. Bitcoin mining is the process of using computing power to solve cryptographic puzzles in order to verify transactions and secure the Bitcoin network. Miners are taxed twice, once when they get new coins as a reward and again when they sell them. On X, Lummis...

Image generated by CariGold Cash App, a digital wallet and peer-to-peer payment app, offers an online high-yield savings account option that’s integrated into its app. Whether you’re growing a rainy day fund or have a targeted goal you’re saving toward, the Cash App savings account offers a competitive interest rate — up to 10x higher than the current national average — that can help you reach your goal faster. However, like all financial products, the Cash App savings account has advantages and drawbacks. Here’s what to know before opening an account. Cash App savings account details Cash App is a financial technology company, not an actual bank, so it partnered with Wells Fargo Bank to offer its savings account product. Under this...

Image generated by CariGold BitMine Immersion Technologies shares surged 400% on Monday after announcing the company would be pivoting to launch another Ethereum treasury play — this time with a popular Wall Street legend. BitMine announced the company is adding Fundstrat's Tom Lee as Chairman and announced a $250 million private placement to stack ether as part of the company's treasury strategy. The raise included participants across crypto that have participated in other publicly traded treasury plays, including Pantera Capital and Galaxy Digital. "This transaction includes the highest quality investors across TradFi and crypto venture capital, properly reflecting the rapid and continued convergence of traditional financial...

After years of building through a brutal bear market and a near-fatal association with FTX, Solana is having a moment and potentially on the verge of becoming the next crypto to win SEC approval in the U.S. for a slew of ETFs. According to early Solana investor and co-founder of Multicoin Capital Kyle Samani, the recent growth has not only cemented Solana as the next great crypto contender — it's put it on an inevitable path to flip Ethereum. "For a long time, if you were in crypto, it seemed impossible for anyone to get there because Ethereum was so dominant," he tells Coinage. "The reality is that [the] Ethereum guys just totally missed the mark. They didn't scale, gas fees spiked through the roof, people got really pissed and they...

Image generated by CariGold Circle Applies for U.S. Trust Bank License After Successful IPO Circle is applying to create a national trust bank in the United States, a significant move following its recent initial public offering that valued the stablecoin firm at nearly $18 billion. The company’s application to the U.S. Office of the Comptroller of the Currency would, if approved, allow Circle to act as a custodian for its own reserves and hold cryptocurrency assets for institutional clients. The proposed entity would be named First National Digital Currency Bank, N.A. Unlike traditional banking institutions, this license would not permit Circle to accept cash deposits or issue loans. "Circle has long sought to seek the highest...

Image generated by CariGold Exclusive-Circle applies for US trust bank license after bumper IPO Stablecoin firm Circle is applying to create a national trust bank in the U.S., a major move after its blockbuster IPO valued the company at nearly $18 billion earlier this month. If the charter is granted by the U.S. Office of the Comptroller of the Currency, it would enable Circle to act as a custodian for its own reserves and hold crypto assets on behalf of institutional clients. Unlike traditional banks, the license would not allow Circle to take cash deposits or make loans. "Circle has long sought to seek the highest standards of trust, transparency, governance, compliance," CEO Jeremy Allaire said. Becoming a publicly traded company...

Image generated by CariGold Robinhood CEO Vlad Tenev: EU will probably get 24/7 trading before US, and it would be a 'shame' Robinhood has set the stage for 24/7 stock trading, at least in the European Union. The trading platform said Monday it has launched US stock and ETF tokens in the European Union at an event in Cannes, France. European Robinhood customers will have access to more than 200 US stock and ETF tokens. Stock token holders will also receive dividend payments directly in their Robinhood app. With tokenized stocks, the company's European app transitions from a crypto-only app to a broader offering where customers can invest in stocks and ETFs. Stock tokens will initially be issued on the blockchain player Arbitrum...

Image generated by CariGold Why Robinhood Stock Is Soaring Today Shares of Robinhood Markets (NASDAQ: HOOD) are spiking on Monday, up 12.1% as of 3:24 p.m. ET. The jump comes as the S&P 500 and Nasdaq Composite were both up 0.3%. Robinhood makes a major token play Robinhood announced on Monday that it is launching tokenized trading in the E.U., allowing customers to trade U.S. stocks around the clock. Robinhood has launched commission-free tokens in the European Union, the first step in allowing customers to trade more than 200 U.S. stocks and ETFs, including Nvidia, Apple, outside of traditional U.S. stock exchange trading hours. The tokens are issued in partnership with blockchain firm Arbitrum and represent a significant new...

Image generated by CariGold Indian Michael Saylor 'shocked' by Pakistan's Bitcoin move Siddarth Bharwani, Joint Managing Director and CFO of Jetking, expressed astonishment at Pakistan’s recent decision to create a national Bitcoin reserve with MicroStrategy’s Michael Saylor as an advisor. Jetking, a Mumbai-based IT education firm, has made headlines as India's first publicly listed company to adopt a Bitcoin treasury strategy. The company aims to hold 210 Bitcoin by 2025, mirroring MicroStrategy's approach. "I was shocked when I heard that," Bharwani said during a recent conversation. "It was impressive to see a country like Pakistan, which generally does not have the best economic condition, to come out and take such a bold move."...

Image generated by CariGold Why is Fiserv launching a stablecoin? Fiserv’s launch of its own stablecoin, FIUSD, is aimed at helping smaller U.S. banks compete with bigger players and defend their share of deposits, according to BTIG. The payments technology firm announced FIUSD this month as part of a broader trend in which traditional finance firms move to adopt blockchain-based payments. Fiserv’s move follows Circle’s strong post-IPO performance and growing interest in stablecoins as an alternative to legacy payment rails. BTIG said the key driver for Fiserv (NYSE:FI) is to arm its regional and community bank clients with digital dollar tools they cannot build themselves. "If stablecoins are ultimately successful, they could pull...