Crypto News

Image generated by CariGold Crypto gains foothold in Bolivia as small businesses seek currency alternatives COCHABAMBA, Bolivia (Reuters) - In the busy shopping district of the Bolivian city of Cochabamba, ATMs let shoppers swap coins for cryptocurrency, beauty salons offer cut-price deals if you pay in Bitcoin, and people use Binance accounts to buy fried chicken. Bolivians are facing a rising economic crisis, with reserves of dollars near zero, inflation at 40-year highs, and fuel shortages causing long lines at the pump. The country's currency has lost half its value on the black market this year, even as the official exchange rate has been held artificially steady by government intervention. Some Bolivians are now turning to...

Image generated by CariGold Coinbase COIN surged to 52-week highs on June 25, bolstered by a bullish note from Bernstein analysts who described the company as the "Amazon of crypto services," as quoted on Yahoo Finance. The stock rose over 3%, edging closer to its all-time high of $357.39, last seen on Nov. 9, 2021. Bernstein Bullish on Coinbase In a report released Wednesday morning, Bernstein’s lead crypto analyst Gautam Chhugani and his team upgraded their price target on Coinbase to $510 from $310, while maintaining an "Outperform" rating. The analysts emphasized that Coinbase is "the most misunderstood company" in their crypto coverage universe, as quoted on Yahoo Finance. They highlighted Coinbase's position as the sole...

Image generated by CariGold Since going public on June 5, it's been pedal to the metal for the stablecoin issuer Circle (NYSE: CRCL), which has seen its stock absolutely explode in just a few short weeks. The company priced shares at $31 per share, or a roughly $6.8 billion valuation. However, once hitting the open market, shares of Circle jumped to $69 and at one point topped $103 per share. As of June 24, shares of Circle had jumped to $248 or a nearly $56 billion market cap, up 700%. After such an incredible run, can you still buy the stock? How big can stablecoins be? Circle is the issuer of the stablecoin USDC (CRYPTO: USDC), which is the seventh largest digital asset with a $62 billion market cap. Stablecoins are digital...

Image generated by CariGold Is First Trust Multi Cap Growth AlphaDEX ETF (FAD) a Strong ETF Right Now? Designed to provide broad exposure to the Style Box - All Cap Growth category of the market, the First Trust Multi Cap Growth AlphaDEX ETF (FAD) is a smart beta exchange traded fund launched on 05/08/2007. What Are Smart Beta ETFs? The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market. A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns. But, there are some investors who would...

Image generated by CariGold CoreWeave vs. Circle Internet Group: What's the Best New Growth Stock to Buy? Key Points CoreWeave (NASDAQ: CRWV) and Circle Internet Group (NYSE: CRCL) are two of the hottest stocks on the market right now. They're both new, and investors have been feverishly buying them up already. CoreWeave is a promising player in the artificial intelligence (AI) space, working closely with chipmaking giant Nvidia. Circle Internet Group is involved in crypto, and its stablecoin, USDC, is one of the most popular ones to use. Both stocks are benefiting from some bullish trends in their respective industries, but which one is the better one to buy right now? The case for CoreWeave If you're looking for a top growth...

Image generated by CariGold Key Points On June 17, the U.S. Senate officially passed the Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act, which will create a federal regulatory framework for stablecoins. The bill will now head to the House for review, with a final signature by President Donald Trump expected before the end of the summer. As might be expected, crypto market participants widely hailed the news, and stocks tied to stablecoins surged. A Genius move? The Genius Act will become the first major piece of crypto legislation passed by the Trump administration, which came into office promising a huge overhaul of the crypto sector. Previous actions, such as creation of the Strategic Bitcoin...

Image generated by CariGold Key Points Warren Buffett has created tremendous wealth for Berkshire Hathaway shareholders by investing in competitively positioned businesses at attractive valuations. Even while Buffett will be retiring at the end of the year, investors can find quality stocks among Berkshire's holdings that pay high yields and are approved by the master. Here are two of those stocks I would consider right now. 1. Coca-Cola Warren Buffett recognized the global appeal of Coca-Cola's (NYSE: KO) brand long before Wall Street caught on. He invested $1.3 billion in the stock more than 30 years ago, and Berkshire continues to hold 400 million shares. This large stake is set to earn Berkshire $816 million in dividend income...

Image generated by CariGold Key Points Palantir Technologies (NASDAQ: PLTR) soared 85% this year as of June 23. The data analytics company expects to grow its top line by more than 36% in 2025 as its robust artificial intelligence (AI) platform has been experiencing a surge in demand. Palantir also benefited from being a popular stock among retail investors, which enabled its valuation to continue rising higher. Entering trading on Tuesday, its market cap was $330 billion, with its valuation now being higher than Coca-Cola, UnitedHealth Group, Chevron, and many other blue-chip companies. The big questions, however, are can it still go higher, and can it top a $1 trillion valuation within the next couple of years? It's all about...

Image generated by CariGold Key Points Turning a single $10,000 check into $1 million in five years is the kind of cocktail party story that gets people fumbling for their phone apps and buy buttons, even if it's completely atypical. Crypto makes that fantasy feel tantalizingly close, because once-in-a-generation runs really do happen on occasion. With Ethereum trading at about $2,400 today, the question is whether lightning can strike again by 2030, making those who invest $10,000 much richer, or whether investors should settle for a smaller, more conservative shot at a payday. Let's map out what would need to happen. The math is not going to work Before dreaming of seven-figure bragging rights, let's run the numbers. A $10,000...

Image generated by CariGold This 1 New Reason to Consider Buying Ethereum Is 1 New Risk for XRP Key Points Real world asset (RWA) tokenization, which is a fancy way of describing the process of putting the legal rights to bonds, commodities, stocks, or even real estate directly on a blockchain, is turning into crypto's newest gold rush. The entrant with the biggest shovels and most capital right now is Ethereum (CRYPTO: ETH), and that's putting serious pressure on XRP (CRYPTO: XRP), whose investment thesis depends far more heavily on winning this very niche. Let's dig in and explore why one coin's good fortune doubles as the other's headache, at least for now. Ethereum's asset tokenization push is gaining steam First, let's...

Image generated by CariGold XRP Has Crushed Bitcoin Since Donald Trump's Election Win. Is the World's Largest Cryptocurrency About to Stage an Epic Comeback This Year? Key Points Many cryptocurrencies have benefited from Donald Trump's presidential election win in November, due to the administration's pro-crypto policies. But few have benefited more than the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), which is up 54% since last November's election, and the world's fourth-largest cryptocurrency XRP (CRYPTO: XRP), which is up a staggering 330%. Although Bitcoin has performed well, I find it unlikely that it will be able to stage an epic run and overtake XRP this year, mainly because Bitcoin has reached critical mass, making...

Image generated by CariGold Is Coinbase (COIN) Stock Poised for Higher Highs? Many positive catalysts have pushed Coinbase stock higher, which hit a new 52-week high of $369 a share on Wednesday. The leading crypto exchange operator has seen its stock soar more than +40% this year and is now sitting on staggering gains of over +500% in the last three years. Considering such, it’s worth exploring whether now is still a good time to hold or buy Coinbase stock for higher highs or if it’s time to take profits in COIN. Innovative Products & Crypto Bullishness The acceptance and expansion of cryptocurrencies pegged to a more stable asset, such as traditional currencies and gold, are expected to serve as a major growth engine for Coinbase...

Image generated by CariGold News Background Price Action XRP traded within a $0.056 range from $2.173 to $2.229 over 24 hours, with the most decisive move occurring during the final hour when the token surged nearly 6%. After peaking at $2.23, XRP pulled back slightly and consolidated between $2.19 and $2.20. Despite whale movement, support held firm at $2.17. Intra-hour activity confirmed strength: the price began climbing at 01:28 UTC, breaking above $2.19 before volume exploded at 01:33–01:34, topping 2.7 million XRP per minute. The rally pushed XRP to $2.21 at 01:36, before settling into a tight consolidation range above $2.19. Technical Analysis Recap • XRP gained 5.87% from $2.19 to $2.20 in the final session hour. • Volume...

Image generated by CariGold Bitcoin's Bull Case Strengthens as Dollar Index Slides, Nvidia Hits Record High Amid Recession Cues Bitcoin's BTC price has rebounded nearly 10% from weekend lows, with key developments in traditional markets supporting the case for continued gains ahead. The dollar index, which tracks the value of the greenback against major fiat currencies, dropped to 97.27 early Thursday, the lowest level since February 2022. The decline follows growing calls for a July Fed rate cut and disappointing data on housing and consumer confidence. The weakening of the dollar, a global reserve currency, tends to ease financial conditions, galvanizing increased risk-taking in financial markets. "DXY [is] now at the lowest...

Image generated by CariGold Bitcoin BTC is back near $108,000, marking a full recovery from last week’s dip to six figures driven by Middle East tensions, as macro signals turn risk-on and crypto bulls regain technical footing. The market is now betting on a convergence of two trends: dovish Fed commentary and retail’s accelerating rotation into digital assets, traders say. “Crypto will continue its bullish trend,” said Nick Ruck, director at LVRG Research. “Institutional purchases are picking up, and Jerome Powell’s comments hinting at rate cuts have flipped investor sentiment quickly.” Powell this week said rate adjustments remain on the table, contingent on successful trade deals and softening inflation, words that markets took...

World Liberty Makes Narrative U-Turn, Says WLFI Token Will Become Tradable Soon The Trump-affiliated World Liberty Foundation appears to be reversing course on a core promise of its crypto project — making its WLFI token transferrable after initially making it strictly non-transferable (and hence non-tradable). “You asked to make $WLFI transferable — we heard you,” the project’s official X account posted late Wednesday. “The team is working behind the scenes to make it happen. Big news coming soon.” WLFI, a token tied to the Trump family's branding and part of a broader push to monetize political fandom via crypto, was distributed to supporters earlier this year who participated in a presale. But with Wednesday’s update, the team is...

Image generated by CariGold Metaplanet Overtakes Musk's Tesla, Becomes Fifth Largest Corporate Bitcoin Holder Metaplanet, the Japanese hotelier that has been scooping up bitcoin BTC, has become the fifth largest corporate holder of the largest cryptocurrency, racing past Elon Musk's Tesla. The Tokyo-listed firm bought 1,234 BTC for $133 million at an average price of $107,877. The latest buy has taken Metaplanet's bitcoin stash to 12,345 BTC at an average price of $98,303. Metaplanet has been steadily acquiring bitcoin, a strategy that has been copied by a host of firms across the world. Metaplanet's latest buy takes it past Tesla's bitcoin holdings of 11,509 BTC, with the firm only trailing behind large crypto firms, such as...

Image generated by CariGold Key Takeaways Nvidia (NVDA) shares closed at a record high on Wednesday, pushing the chipmaker back to the top spot on the list of the world's most valuable companies. The move, which propelled the company’s market capitalization to nearly $3.77 trillion, above Microsoft's (MSFT) $3.66 trillion, came after CEO Jensen Huang reportedly said at the tech behemoth’s annual shareholder meeting on Wednesday that the company has a multitrillion-dollar growth opportunity in AI and robotics. The stock has also received a boost from favorable Wall Street commentary, with analysts pointing out that the chipmaker stands to benefit from growing sovereign AI demand as countries use the technology to meet critical...

Image generated by CariGold Aer Lingus Visa Signature Card review: Earn a lucrative welcome bonus and companion ticket Offering a generous welcome bonus and straightforward rewards, the Aer Lingus Visa Signature® Card could be a useful option if you fly from the U.S. to Europe fairly often. This card comes with a series of other perks, and you can use your rewards to offset the cost of flights on Aer Lingus or its partners in the Avios points program. If you’re considering adding the Aer Lingus Visa Signature Card to your wallet, here’s what to know about its features, perks, and drawbacks. Additional benefits Companion ticket This card is fairly light on benefits compared to some of its competitors, but it does offer the...

Image generated by CariGold Latest SpaceX-linked investment product launched on Solana Republic, the New York City-headquartered global financial firm, announced the launch of Mirror Tokens on June 25. Mirror Tokens are tokens whose performance is tied to those of the world’s most valuable unlisted companies, such as SpaceX. Users can acquire these tokens with investments as little as $50 using Apple Pay or stablecoin. “This is a big step forward on our quest to make the private markets more accessible and liquid — globally,” said Republic co-founder and CEO Kendrick Nguyen. He added: The first Mirror Token that Republic is offering is rSpaceX, the performance of which is tied to that of SpaceX. The rSpaceX token will be minted on...