Crypto News

Image generated by CariGold Federal Regulator Opens Doors to Considering Crypto in Mortgage Applications Key Takeaways Holders of cryptocurrencies may now have an easier time acquiring a mortgage after a key federal regulator made a move that could let lenders consider a homebuyer’s digital holdings during the mortgage application process. In a social media post Wednesday, Federal Housing Finance Administration Director William Pulte said he has directed Fannie Mae and Freddie Mac to find a way for lenders to consider cryptocurrency holdings when deciding whether a borrower has sufficient assets to obtain a mortgage. The FHFA oversees Fannie and Freddie, government-sponsored enterprises that guarantee mortgages and purchase home...

Image generated by CariGold Fannie Mae, Freddie Mac ordered to consider crypto as an asset when buying mortgages Proposal to Include Cryptocurrency as an Asset The head of the federal government agency that oversees Fannie Mae and Freddie Mac wants the mortgage giants to consider accepting a homebuyer's cryptocurrency holdings in their criteria for buying mortgages from banks. William Pulte, director of the Federal Housing Finance Agency, which oversees Fannie and Freddie, ordered the agencies Wednesday to prepare a proposal for consideration of crypto as an asset for reserves when they assess risks in single-family home loans. Pulte also instructed the agencies that their mortgage risk assessments should not require cryptocurrency...

Image generated by CariGold Barclays Stuns Credit Card Users with Startling June 27 Crackdown Beginning June 27, the banking giant Barclays is going to block all crypto purchases made with credit cards. A note on the U.K. bank's official website mentions that users won't be able to make crypto transactions with a Barclaycard. There are certain risks related to cryptocurrencies as the sudden decline in the prices of crypto assets could lead to customers falling into debt and failing to repay borrowed funds, the bank said. It also cited a lack of protection for crypto assets in case a purchase goes wrong as the reason behind the latest move. Crypto is not covered by the Financial Ombudsman Service and Financial Services Compensation...

Image generated by CariGold Kalshi valued at $2 billion in latest funding round, CEO says (Reuters) -Kalshi has raised $185 million in a funding round that values the prediction marketplace at $2 billion, its CEO Tarek Mansour said on Wednesday. The round was led by crypto-focused investment firm Paradigm. Investment firms Sequoia, Multicoin, Neo and Bond Capital, and Citadel Securities CEO Peng Zhao also participated. Kalshi offers its users opportunities to profit from predictions on various topics including sports, entertainment, politics, and the economy. Such event contracts have gained popularity since the U.S. presidential election last year. The company is regulated by the Commodity Futures Trading Commission. Kalshi's...

Image generated by CariGold Bitdeer Raises $330M Via Convertible Note Sale Bitcoin miner and ASIC manufacturer Bitdeer Technologies (BTDR) has completed a $330 million private placement of convertible senior notes maturing July 1, 2031. The notes bear interest at 4.875% and feature a conversion price of $15.87 per share — about 44% above BTDR’s current $11 trading price. The bond’s conversion rate of 62.9921 Class A shares per $1,000 principal means full conversion could yield roughly 20.8 million new shares. To cover this, Bitdeer prepaid Barclays $129.6 million for a call option with a zero strike price on over 10.2 million shares, or 49% of the conversion total. The option allows Bitdeer to settle conversions using shares from...

Image generated by CariGold Republic to Launch Tokenized Shares in Elon Musk's SpaceX Investment firm Republic is set to let retail investors gain exposure to Elon Musk’s SpaceX, one of tech’s most coveted startups. This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/republic-launch-tokenized-shares-elon-191757407.html

Image generated by CariGold Why a Billionaire Investor Thinks Bitcoin's Total Market Value Could More Than Double to $5 Trillion The total value of all bitcoins could more than double, according to one billionaire investor who says he wishes he had bought the crypto sooner. Philippe Laffont, the founder of hedge fund Coatue Management, said he added bitcoin to his firm's Fantastic 40 list, a collection of investments it sees as major winners through 2030. That's partly because Laffont believes the total market cap of the world's biggest crypto could rise to as much as $5 trillion one day. That implies bitcoin's total value rising 134% from a market cap of around $2.1 trillion on Wednesday. "I have not gotten involved in bitcoin. I...

Image generated by CariGold Solana Will Lead Tokenization, Hyperliquid the 'Perpification of Everything': Ryan Watkins Solana's SOL token is trading at $144.04, down 0.62% in the past 24 hours, after briefly climbing as high as $147.73 earlier in the session. The move came amid a spike in trading volume and fresh commentary from Syncracy Capital Co-Founder Ryan Watkins, who reaffirmed Solana’s long-term importance in the evolving crypto economy. Watkins, whose firm makes concentrated, thesis-driven investments in crypto, followed up on a prediction he made in May, when he called the competition between Solana and Hyperliquid “the cryptoeconomy’s defining battle” as U.S. equities begin migrating onchain. At the time, he suggested...

Image generated by CariGold Coinbase stock surges 38% on regulatory clarity and a Bernstein price target boost Shares of Coinbase hit their highest price in a year on Wednesday as the company benefits from increased national and global regulatory clarity, as well as a price target boost from a major investment research firm. The stock price of the largest crypto exchange in the U.S. has surged 38% since June 18, after the U.S. Senate passed the first bill to establish a regulatory framework for stablecoins, a type of cryptocurrency pegged 1:1 to the U.S. Dollar. The stock has continued to grow this week, gaining 2% on Wednesday to reach a 52-week high of $369 before settling around $352. The Senate bill, referred to as the GENIUS...

Image generated by CariGold Mastercard Expands Digital Currency Reach via Fiserv & Chainlink Mastercard Incorporated MA has strengthened its dedication to blockchain technology through two innovative partnerships, Fiserv and Chainlink. These partnerships seek to increase the users’ access to stablecoins and cryptocurrencies by utilizing MA’s extensive global payment network. Mastercard is incorporating the new FIUSD stablecoin into its network through a partnership with Fiserv. With this change, more than 150 million merchants will be able to use stablecoin for easy payments and settlements. Some of the standout features include enabling merchants to settle in FIUSD, the issuance of cards linked to stablecoin, and the integration of...

Image generated by CariGold Coinbase Stock Gets a New Top Wall Street Bull After Tuesday's 12% Pop Key Takeaways Coinbase (COIN) has a new Street-high price target after the crypto trading platform's stock jumped 12% Tuesday. Bernstein analysts hiked their target for Coinbase to $510 from $310 on Wednesday, well above any other target tracked by Visible Alpha. The stock was up about 2% in recent trading just above $351, after surging as much as 7% earlier in the session. Bernstein called Coinbase "the most misunderstood company in our Crypto coverage universe," pointing to a bearish consensus among Wall Street analysts, despite the company's dominant position in consumer cryptocurrency trading and institutional crypto services. The...

Image generated by CariGold J.P. Morgan Asset Management on Wednesday announced the launch of its largest active exchange-traded fund anchored by a $2 billion investment from an external institutional client. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/j-p-morgan-asset-management-155401091.html

Image generated by CariGold Coinbase stock touches 52-week high as analyst calls company 'one-stop Amazon' of crypto services Coinbase (COIN) stock rallied on Wednesday as Bernstein analysts dubbed the cryptocurrency platform a "one-stop Amazon" of crypto services. In early trading shares gained much as 3%, trading near $358 each, just above their record close from November 2021. "Coinbase is the most misunderstood company in our Crypto coverage universe," Bernstein analyst Gautam Chhugani and his team wrote on Wednesday morning, raising their price target on the stock to $510 from $310 with an Outperform rating. As the only cryptocurrency company in the S&P 500 (^GSPC), Coinbase dominates US crypto trading, operates the largest...

Image generated by CariGold Coinbase stock surges to hover near record close as analyst calls company 'one-stop Amazon' of crypto services Coinbase (COIN) stock was on track to post its first record close in almost four years on Wednesday as Bernstein analysts dubbed the cryptocurrency platform a "one-stop Amazon" of crypto services. On Wednesday, shares gained 3%, trading near $358 each, just above its record close from November 2021. "Coinbase is the most misunderstood company in our Crypto coverage universe," Bernstein analyst Gautam Chhugani and his team wrote, raising their price target on the stock to $510 from $310 while maintaining an Outperform rating. As the only cryptocurrency company in the S&P 500 (^GSPC), Coinbase...

Image generated by CariGold Coinbase (COIN) Shares Skyrocket, What You Need To Know What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 5.9% in the pre-market session after Bernstein analyst Gautam Chhugani reaffirmed a Buy rating and raised the price target from $310 to $510. The analyst added that "Coinbase is the most misunderstood company in our Crypto coverage universe" and thinks the stock can rally nearly 50%. Chhugani cited some of the catalysts that informed the improved outlook, noting COIN is the only "Crypto company in the S&P500, dominates U.S. Crypto trading market, runs the largest stablecoin business amongst exchanges, dominates institutional Crypto, acquired the largest global...

Image generated by CariGold Investment Platform Republic to Allow Investors to Bet on SpaceX KEY TAKEAWAYS Investment platform Republic said Wednesday that it is planning to use blockchain technology to sell investors exposure to hot unlisted startups, starting off with Elon Musk’s rocket company SpaceX. Traders can invest as little as $50 using Apple Pay or stablecoin to buy digital "mirror tokens" that mirror the performance of the startup "in the event of a potential future IPO, acquisition, or other liquidity event." The SpaceX mirror token, called rSpaceX, will be the first to be sold, with initial purchases capped at $5,000, Republic said. The platform said it is planning others, including for startups like software firm...

Image generated by CariGold SoFi Technologies Inc. (NASDAQ:SOFI) stock is up over 2% after doubling down on its digital financial services strategy with the rollout of new crypto-enabled capabilities, aimed at enhancing member access to global money movement and digital asset investing. The initiative marks a pivotal step as the fintech company positions itself at the intersection of traditional finance and blockchain-driven innovation. Later this year, SoFi plans to debut two key offerings: self-serve international money transfers and crypto investing for individual members. The crypto-fueled remittance service will allow instant cross-border transactions, while SoFi’s return to digital asset trading will reintroduce tokens like...

Image generated by CariGold EBANX, APLAZO partner to expand flexible payments options in Mexico Payment services company EBANX has partnered with Mexican fintech firm APLAZO, which specializes in buy now, pay later (BNPL) solutions. The collaboration aims to strengthen the offering of flexible payments in Mexico. It focuses on meeting the needs of international online merchants. Through this collaboration, international online merchants can now offer tailored financing options to their Mexican customers via EBANX’s payment platform. For the first time, APLAZO’s BNPL service will be available for cross-border e-commerce transactions, enabling global companies to reach a broader audience in Mexico. EBANX vice-president of product...

Image generated by CariGold Coinbase Target Raised to 'Street High' at Bernstein, Calling It 'Misunderstood' Bernstein raised its price target on Coinbase (NASDAQ:COIN) to $510, the highest on the Street, calling it “the most misunderstood company in our crypto coverage universe.” The analysts, led by Gautam Chhugani, reiterated an Outperform rating and set the new price target of $510, which implies 48% upside from current levels. The broker sees Coinbase as the dominant U.S. crypto trading platform and the only crypto-native firm in the S&P 500. Its leadership spans trading, custody, and infrastructure. Bernstein pointed to Coinbase’s growing role as a “crypto universal bank,” highlighting its largest stablecoin business amongst...

Image generated by CariGold dLocal and BVNK collaborate to enable stablecoin-based global payouts Cross-border payment platform dLocal and stablecoin payments infrastructure provider BVNK have partnered to facilitate stablecoin-based payouts globally. The collaboration will facilitate money movement across over 40 markets. Under the agreement, BVNK will supply dLocal with stablecoin payment rails to support quicker settlements for dLocal’s global merchant base. In return, dLocal will provide BVNK access to its Layer1 platform’s fiat payout rails, expanding BVNK’s presence in emerging markets across Africa, Asia, and Latin America. This will enable customers to use stablecoins for cross-border payments, with funds delivered to...