Crypto News

Image generated by CariGold Wall Street eyes 'BNB MicroStrategy' amid $100M bet Changpeng Zhao, popularly known as 'CZ' and the co-founder of Binance, has noted a growing trend of corporations accumulating BNB tokens, likening it to MicroStrategy's well-known purchasing habits with Bitcoin. On June 23, Zhao posted on X, "BNB 'microstrategy' coming to a company near you!" The comment appears to refer to hedge fund executives, indicating that some companies around the world are starting to accumulate Binance Coin (BNB) on their balance sheets. According to Bloomberg, a team of former Coral Capital Holdings executives, including veterans from the crypto hedge fund industry Patrick Horsman, Joshua Kruger, and Johnathan Pasch, are...

Image generated by CariGold Anthony Pompliano strikes deal to create publicly-traded Bitcoin treasury company Crypto investor and financial influencer Anthony Pompliano’s Bitcoin-native financial service company has made plans to go public via a special-purpose acquisition company (SPAC). ProCap BTC will merge with Columbus Circle Capital Corp. I, a SPAC affiliated with financial services firm Cohen & Company Inc, according to a statement from Columbus Circle on Monday. As part of the agreement, the new company formed through the merger—ProCap Financial—will be headed by Pompliano, and establish a treasury with up to $1 billion in Bitcoin once the merger closes. The Bitcoin treasury will be used to generate revenue and profit through...

Bitcoin Plunges Below $100K: Time to Buy the Dip? Bitcoin slid below the symbolic $100,000 threshold for the first time since May, while Ether also dropped sharply, following news that U.S. bombers had targeted Iran’s key nuclear facilities. Crypto Market Hit by Risk Aversion As of 12:05 P.M. in New York on June 22, Bitcoin fell as much as 3.8% to $98,904. Ether, the second-largest digital asset, plunged up to 10% to approximately $2,157 — its lowest intraday price since May 8. The broader crypto market was rattled by the surprise military action. Trump Confirms Strikes on Iranian Nuclear Sites U.S. President Donald Trump announced that airstrikes had been carried out on Iran’s major nuclear facilities at Fordow, Natanz, and...

Image generated by CariGold Global payments remain slow, expensive, and fragmented—especially for businesses operating across borders. Mesta, a U.S.-based startup, is aiming to address that challenge by combining stablecoins, fiat rails, and an API-first approach to simplify cross-border transactions for fintech platforms and enterprise clients. “Mesta is a global fiat plus stablecoin payment network,” said Sandeep Pyapali, CEO during an interview. “We’re focused on making international money movement faster and more cost-effective.” Mesta enables platforms to send payments using stablecoins like USDC or USDT, then convert to local fiat currencies for delivery. The result, according to Pyapali, is significantly lower fees and...

Image generated by CariGold Why Shares of Circle Are Surging Today Key Points Shares of the stablecoin issuer Circle (NYSE: CRCL) traded nearly 8% higher, as of 12:46 p.m. ET today, but had blasted as high as 24% earlier in the day. The move came after Circle announced a strategic partnership with Fiserv. Bringing Stablecoins to Traditional Banking Circle issues large stablecoins like USDC and EURC. Stablecoins are digital assets pegged to a commodity or currency. USDC is pegged to the U.S. dollar, while EURC is pegged to the euro. Both stablecoins are pegged on a 1-to-1 basis, meaning that Circle actually has one dollar or one euro to back each stablecoin, so they can easily be redeemed. The idea of stablecoins is to harness the...

Image generated by CariGold Circle stock extends rally for third day in a row as stablecoin momentum grows Circle stock (CRCL) rallied for a third day in a row on Monday as investor enthusiasm over stablecoins continued to surge. Shares jumped as much as 20% before paring gains, building on an 80% rally last week after the Senate passed legislation that provides a federal framework for stablecoins, which are digital tokens backed by assets such as the US dollar. Wall Street strategists also pointed to deal-making in the digital asset space as another tailwind for the issuer of USDC stablecoins (USDC-USD). On Monday, fintech firm Fiserv (FI) announced plans to launch a digital asset platform, including a new stablecoin (FIUSD) by the...

Image generated by CariGold Pantera's Morehead Says Equities 'Rich,' Favors Crypto Pantera Capital founder and Managing Partner Dan Morehead has expressed his preference for cryptocurrencies over traditional assets like equities and gold. He believes that the current valuations of equities are relatively high compared to bonds, making cryptocurrencies a more attractive investment option. In a recent discussion on "Bloomberg Open Interest," Morehead elaborated on his viewpoint, highlighting the potential and opportunities that cryptocurrencies present in the current financial landscape. This article has been published in bloomberg.com via Yahoo News. https://finance.yahoo.com/video/panteras-morehead-says-equities-rich-162525701.html

Image generated by CariGold Hyperliquid Dominates DEX Perps Hyperliquid saw its trading activity steadily climbing since April with $244 billion in volume last month and capturing over 6.2% of the global derivatives market. In addition to the platform's dominance among DEX-perpetuals, the HYPE token reached an all-time high of $45.90 earlier last week. This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/hyperliquid-dominates-dex-perps-152502620.html

Image generated by CariGold Fiserv to Add New Stablecoin for Its Network by End of Year Key Takeaways Fiserv (FI) shares gained Monday when the financial technology firm announced plans to launch a cryptocurrency trading platform that will include a new stablecoin. The company said it expects the platform and stablecoin, known as FIUSD, will be included in its current banking and payments infrastructure by the end of this year. Fiserv explained that adding FIUSD to its network of some 10,000 financial institutions and 6 million merchant locations "will provide instant scale for FIUSD while creating a digital asset network that clients can use to build new products and services." COO Takis Georgakopoulos said that with the company's...

Image generated by CariGold Goldman Sachs launches AI assistant firmwide, memo shows Goldman Sachs on Monday announced a firmwide launch of an artificial intelligence assistant, a tool driven by generative AI, to boost productivity, according to an internal memo. Around 10,000 employees at the bank are already using the GS AI Assistant, the memo sent to staff by Chief Information Officer Marco Argenti showed. With the AI tool's official company-wide launch, Goldman joins a long list of big banks already leveraging the technology to shape their operations in a targeted manner and help employees in day-to-day tasks. Citigroup has AI tools such as Citi Assist, which searches internal bank policies and procedures, as well as Citi...

Image generated by CariGold Fiserv shares rise on stablecoin launch plans Fiserv shares rose 6% in premarket trading on Monday after it unveiled plans to launch a stablecoin, joining a growing number of U.S. companies exploring the technology as the crypto asset moves into the mainstream. The announcement comes after the U.S. Senate passed a landmark stablecoin bill last week, which analysts said could mark a turning point in the crypto oversight debate and a breakthrough for a sector long mired in regulatory uncertainty. The financial technology firm said its stablecoin, FIUSD, will be integrated into its existing banking and payments infrastructure by year-end. The company added that FIUSD will rely on stablecoin infrastructure...

US Investor Strikes $1 Billion Merger to Create Bitcoin Treasury Company BOSTON (Reuters) - U.S. investor and entrepreneur Anthony Pompliano announced on Monday the creation of a new bitcoin treasury company that would hold up to $1 billion of the world's largest cryptocurrency on its balance sheet. Pompliano said in a statement that his financial services firm ProCap BTC would merge with Columbus Circle Capital I, a special purpose acquisition company, to create ProCap Financial, a bitcoin treasury firm. Several public companies have employed bitcoin treasury strategies, which involve allocating a portion of their cash and reserves toward bitcoin, to replicate the success of software company Strategy, which began accumulating...

Image generated by CariGold Anthony Pompliano's crypto venture ProCap Financial to go public via SPAC deal Anthony Pompliano's crypto venture, ProCap Financial, will go public in the U.S. through a merger with blank-check vehicle Columbus Circle Capital Corp, the American entrepreneur said on Monday. The combined company will have bitcoin worth up to $1 billion on its balance sheet. The transaction is expected to close before the end of 2025. This article has been published in reuters.com via Yahoo News. https://finance.yahoo.com/news/anthony-pomplianos-crypto-venture-procap-121548776.html

Image generated by CariGold 4 Reasons Dave Ramsey Says Crypto Is Putting Your Money at Risk Not everyone is on board with the crypto frenzy. In fact, financial guru Dave Ramsey still does not subscribe to the hype of this relatively recent investing trend. Regarding the volatility of the crypto market, Ramsey has written, “There’s no one reason for crypto’s dramatic crash and burn. But the biggest pieces of the crypto crash puzzle are inflation, recession fears, more regulation and government crackdowns on crypto mining, and fading confidence in cryptocurrency investments. When you put all those pieces together, it spells trouble for anyone who bet the farm on crypto.” Here are a few key reasons why Ramsey warns against investing in...

Image generated by CariGold JPMorgan starts gaming sector coverage: Here are its top picks JPMorgan has begun coverage on the U.S. gaming sector, naming PENN Entertainment Inc (NASDAQ:PENN), Red Rock Resorts (NASDAQ:RRR), and Caesars Entertainment Corporation (NASDAQ:CZR) as its top picks. The Wall Street bank favors regional and Las Vegas locals over digital and Strip exposures, citing macro and policy uncertainties. “The Gaming sector is rife with risks, but potential rewards are high,” analysts led by Daniel Politzer wrote in a Monday note. They highlight macro headwinds, tariff risk, and inflation as key pressures for land-based gaming, while regulatory and tax concerns weigh on digital operators. Despite those challenges...

Image generated by CariGold Tesla (Nasdaq: TSLA), the automotive vehicle company helmed by billionaire Elon Musk, finally rolled out the much-awaited robotaxis in Austin, Texas, on June 22. The tech tycoon has been sharing reviews of Tesla's latest innovation on X since the launch. The news has so far generated a lot of surprising responses, including from Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange. Founded in 2014, Gemini is one of the largest crypto exchanges. The company was founded by Tyler, along with his identical twin brother, Cameron, who are considered among the world's first Bitcoin billionaires. Tyler asked Musk on X when these robotaxis will begin accepting crypto. While his question might seem...

Image generated by CariGold Should First Trust Growth Strength ETF (FTGS) Be on Your Investing Radar? Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the First Trust Growth Strength ETF (FTGS) is a passively managed exchange traded fund launched on 10/25/2022. The fund is sponsored by First Trust Advisors. It has amassed assets over $1.08 billion, making it one of the average sized ETFs attempting to match the Large Cap Growth segment of the US equity market. Why Large Cap Growth Companies that fall in the large cap category tend to have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap...

Image generated by CariGold Could Bitcoin Replace the Dollar and Become the Global Reserve Currency? Key Points Given the concerns over tariffs and a potential global trade war, a growing number of investors have suggested that Bitcoin (CRYPTO: BTC) might eventually replace the U.S. dollar and become the global reserve currency. Is this likely to happen? The answer, of course, is no. Does Bitcoin meet the criteria of a reserve currency? First of all, it's debatable whether Bitcoin has the right characteristics to be a true reserve currency. According to the Federal Reserve, money must serve three critical functions. It must be a store of value, a medium of exchange, and a unit of account. Bitcoin does not yet meet all three of these...

Image generated by CariGold Impressive characteristics Investors should take the time to understand some of the traits that make Bitcoin unique. The most important characteristic to keep in mind is that Bitcoin has a fixed supply cap. There will only be 21 million coins in circulation. That scarcity is incredibly valuable. As part of this, it's worth highlighting that the amount of new Bitcoin supply that enters the market is cut in half every four years. A halving event last occurred in April 2024, after which 3.125 new Bitcoin units are created with each new block of transactions. This system helps to maintain Bitcoin's hard cap. Bitcoin is also decentralized, as no single entity controls it. This differs from many other crypto...

Image generated by CariGold Paimon Launches First SpaceX SPV Token on BNB Chain Paimon announced the launch of the SpaceX SPV Token (SPCX), introducing the first tokenized exposure to SpaceX on BNB Chain. This groundbreaking offering democratizes access to one of the world's most valuable private companies through innovative blockchain technology. Historic Market Access The SPCX token represents a significant milestone in alternative investment accessibility, providing retail investors with exposure to SpaceX's exceptional growth trajectory. Previously available only to institutional investors, SpaceX shares are now accessible through a professionally managed tokenized structure. SpaceX continues to dominate the global space...