Crypto News

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...

Image generated by CariGold Key Points With a $6.6 billion market cap, Shiba Inu (CRYPTO: SHIB) is one of the biggest meme coins in the crypto universe. It has been a wild year so far, with SHIB losing roughly 50% of its value as of June 23. However, there are two compelling reasons to buy before 2025 is finished. Let's take a look at Shiba Inu's potential growth catalysts. 2 reasons to buy Shiba Inu right now Have some extra cash you're looking to do something fun with? Shiba Inu is the perfect fit. It has been a popular crypto token for nearly five years, showing extreme volatility at times. In 2021, SHIB's value skyrocketed by more than 1,000% over the course of just a few months. This type of run has happened several times...

Image generated by CariGold Affirm Holdings, Inc. (AFRM) has extended its long-term capital partnership with Moore Specialty Credit (“MSC”), the private asset-backed finance platform of Moore Capital Management. The renewed agreement, which now runs through May 2027, builds on a relationship that began in 2017. Over the years, Moore has invested almost $5 billion in Affirm’s assets, supporting the buy now, pay later (“BNPL”) company through forward flow agreements and participation in asset-backed securitizations. This extension marks more than a decade of collaboration and reflects continued confidence in Affirm’s lending model. The partnership is financially significant for Affirm, as this ensures reliable, long-term funding to...

Image generated by CariGold Brussels Set to Disregard ECB Warnings Over Stablecoin Rules, FT Reports The European Commission is set to announce new rules for the fast-growing stablecoin market in the coming days, despite warnings from the European Central Bank (ECB) that the proposed standards could destabilize the region's banks during periods of market volatility, the Financial Times reported on Wednesday. The European Union's executive arm is planning to issue formal guidance proposing that stablecoins issued outside the bloc be treated as interchangeable with same-branded versions allowed only on EU markets, the newspaper said, citing people briefed on its contents. The announcement of the guidance has been scheduled for the...

Image generated by CariGold Key Points Since going public earlier this month, shares of Circle Internet Group (NYSE: CRCL) have rocketed by more than 600% (as of June 24). While initial public offerings (IPOs) tend to fetch outsize attention, Circle's parabolic rise is unusual. Let's explore what is driving such an intense interest in Circle right now. These details should help investors better understand Circle's role in the fintech landscape -- specifically, how the company is carving out a unique niche in the crypto market. From there, we'll reveal a subtle detail that some investors may be missing about Circle and explain why Coinbase Global (NASDAQ: COIN) could be the biggest crypto winner of all in the long run. Why is Circle...

Image generated by CariGold Continental supplies digital access system for Audi Q6 e-tron SUV Continental says it is providing the new premium Audi Q6 e-tron SUV with a comprehensive access system. In addition to a conventional car key, the solution comprises the digital, smartphone-based CoSmA intelligent access system, based on highly secure ultra-wideband technology (UWB). Conti says a major advantage of the virtual, digital car key is that the vehicle can be locked and unlocked without having to physically hold a car key or smartphone. The option to operate the vehicle using a physical key remains available. The system works with many mobile phone models from major smartphone providers. The Audi Q6 e-tron is a battery-electric...