Crypto News

Image generated by CariGold BNB Slips Below Key Support as Traders Brace for Maxwell Upgrade and Mideast Shockwaves BNB has fallen to $635, weathering a choppy market as traders brace for the Maxwell hard fork and rising geopolitical risk in the Middle East. The token’s resilience comes as daily transactions on the BNB Chain have surged from 8 million to 17.6 million since mid-May, according to DeFiLlama data. Scheduled for June 30, the Maxwell fork will reduce block times from 1.5 seconds to 0.75 seconds and bring in a series of improvements. It’s expected to improve transaction throughput and user experience. Investors are also reacting to mounting global uncertainty. Crude prices have surged more than 10% over the past week as...

Image generated by CariGold ARK Invest Dumps $146.3M More Circle Shares After Meteoric 670% IPO Surge ARK Invest unloaded another round of shares of Circle (CRCL) across its ETFs just two weeks after the stablecoin issuer's high-profile IPO. The biggest cut came from the flagship ARK Innovation ETF (ARKK), which sold 490,549 shares, or about 1.8% of the portfolio. ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) also reduced exposure, selling 75,018 and 43,608 shares, respectively, making the total sales worth about $146.3 million, based on the June 20 closing price of $240.28 per share. This marks the third and biggest wave of CRCL share selling since the IPO. Previously, it sold $50 million and $44.7...

Image generated by CariGold The so-called SPAC king prepares to launch another: ‘The last time wasn’t a success by any means’ The so-called SPAC king, who created a dozen special-purpose acquisition companies that ultimately lost investors billions of dollars, says he’s probably getting back in the business. Chamath Palihapitiya, a venture capitalist and co-host of the popular podcast “All-In,” responded to a social-media poll with more than 50,000 responses whose result overwhelmingly indicated he should not launch another SPAC by saying he’ll ignore that finding. Saying he received calls from many Wall Street and crypto “titans” indicating that they wanted him to launch a SPAC, he declared on the social-media platform X: “I will...

Image generated by CariGold Cardano’s ADA token came under pressure Saturday, falling to $0.5818 and extending its weekly losses despite renewed focus on the network’s Leios upgrade. ADA declined 3.77% over the past 24 hours, with volume spiking 38.39% above the 7-day average. Leios Upgrade Details On Thursday, Input Output Global (IOG), the research arm behind Cardano, reiterated its vision for the upcoming Leios upgrade. The team explained that Leios is designed to optimize transaction processing and resource utilization, especially during peak block activity. The design introduces new mechanisms like endorsements to maintain security and data availability while boosting overall throughput. Leios was first introduced in November...

Image generated by CariGold 4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer Some moments in the market don't need dramatic catalysts; they just quietly build up momentum until something gives. For Bitcoin, the stars are aligning with uncanny precision in ways that are likely to have a stunning result. Four macro forces, each with a history of preceding major rallies in the coin, are once again in play. Here's what's unfolding, and why it might matter more than most investors realize. Surging global liquidity When central banks turn on the liquidity tap and ensure there's more money sloshing around the financial system, that new money generally flows toward riskier assets, such as cryptocurrency, as...

Image generated by CariGold Key Points Forget chasing the next artificial intelligence (AI) unicorn. While venture capitalists funnel billions into speculative start-ups, Nvidia continues to dominate the infrastructure powering the entire industry. A projected 9% annual return may not sound thrilling, but it could be the smartest risk-adjusted investment in tech this decade. According to Coatue Management, an American technology-focused investment firm, Nvidia's market cap could grow from $3.5 trillion today to $5.6 trillion by 2030, implying a 9.6% compound annual growth rate from current levels. That's a far cry from its recent hypergrowth, but it reflects a business that's maturing into its role as the backbone of the AI economy...

Image generated by CariGold Key Points When it comes to investing in exchange-traded funds (ETFs), there are countless options. From broad-market funds to niche, industry-specific ETFs, there's an investment for every type of portfolio. If you're looking to gain exposure to growth stocks, Invesco QQQ (NASDAQ: QQQ) is a popular choice. But there's another tech ETF I prefer over QQQ: the Vanguard Information Technology ETF (NYSEMKT: VGT). Here's how the two funds stack up in a few key areas. Diversification One of the biggest differences between these two ETFs is their level of diversification. QQQ contains 101 holdings from 10 different market sectors, though around 57% of the fund is allocated to stocks from the tech industry. The...

Image generated by CariGold Shares of Visa (NYSE: V) dropped by 7% on June 14 after The Wall Street Journal reported that retail giants Walmart and Amazon are exploring the launch of their own stablecoins. The development raises serious questions about the future of traditional payment networks, especially as retailers become increasingly frustrated with the fees associated with them. What are stablecoins, and why are they growing in popularity? Stablecoins are digital tokens designed to maintain a steady value by being pegged to traditional currencies, such as the U.S. dollar. Backed by reserves of cash or cash-equivalent assets such as Treasury securities, they are primarily used to hold value or facilitate transactions within the...

Image generated by CariGold Key Points It's been an incredible run for Dogecoin (CRYPTO: DOGE). Since 2018, when the coin was valued at $0.017, the crypto token has soared to about $0.17 -- a 1,000% increase. Could another 1,000% growth spurt be in store? There are two reasons you should consider jumping in before 2026 arrives. Dogecoin is an exciting speculative asset If you're looking to speculate on a highly volatile asset, Dogecoin is almost perfectly designed for this purpose. The token was created in 2013 purely as a joke. According to the founders, "cryptocurrency was being taken far too seriously and wasn't much fun" at the time, leading the pair to develop and launch Dogecoin. The token's mascot, a Shiba Inu dog, has...

Image generated by CariGold Key Points If you had planted $10,000 worth of Bitcoin (CRYPTO: BTC) in a portfolio in 2015, your investment would be worth an eye-popping $4.3 million right now, after the coin's almost unthinkable growth of nearly 43,000%. It still has plenty of capacity for big growth during the next 10 years, too. The coin's scarcity, diehard holder base, and newfound status as a darling of institutional investors still make it an appealing purchase today. History won't repeat perfectly, but it can rhyme. Could $10,000 invested into Bitcoin right now turn into $1 million by 2035, or will the upside be more limited this time around? Let's test the numbers and see what's possible for a long-term investment. How the math...

Image generated by CariGold Investing.com's stocks of the week Investing.com -- After a week marked by continued geopolitical tensions in the Middle East, global markets have been on edge. The potential involvement of the U.S. in the Iran-Israel conflict is being closely watched. Circle Following its market debut earlier this month, Circle shares have continued to rally, increasing by more than 85% in the last week. On Thursday and Friday, the company’s stock was boosted by the news that the U.S. Senate had approved a milestone stablecoin bill that could bring regulatory clarity to the cryptocurrency sector. Adding to the stock’s momentum was Seaport Global Securities analyst Jeff Cantwell, who initiated coverage on Circle with a...

Image generated by CariGold Prediction: XRP Will Top $12.50 by 2028 At the end of 2024, XRP (CRYPTO: XRP) suddenly went parabolic, eventually hitting a new 52-week high of $3.39 in January. After going up 600% in an astonishingly short period, it looked like XRP might finally be headed to the moon. So it's perhaps no surprise that a number of analysts and investors have put out some fairly aggressive price targets for XRP. For example, Standard Chartered recently predicted that XRP could hit a price of $12.50 by 2028. So are they right? The path to $12.50 for XRP To hit a price of $12.50 in just three years, a lot has to go right for XRP. So you can think of this as the ultimate bull-case scenario. Let's do the quick math. Given...

Image generated by CariGold Key Points The cryptocurrency markets boomed after Donald Trump's presidential election win last year, with the total value of all coins and tokens in circulation hitting a record high of $3.9 trillion in December. However, the industry's top coins like Bitcoin and Ethereum didn't deliver the strongest returns. The best performer of all major cryptocurrencies in 2024 was Dogecoin (CRYPTO: DOGE), closely followed by XRP (CRYPTO: XRP): They have lost momentum in 2025 with XRP down 7% on the year, and Dogecoin nursing a whopping 48% decline. In theory, both tokens could benefit from Trump's pro-crypto agenda over the long term, so which one might be the better buy right now? The answer might surprise you...

Image generated by CariGold Key Points XRP (CRYPTO: XRP) and Bitcoin (CRYPTO: BTC) advanced 565% and 410%, respectively, in the last three years. But certain Wall Street analysts expect the cryptocurrencies to climb even higher in the next few years: Here's what investors should know about XRP and Bitcoin. XRP: 140% implied upside The investment thesis for XRP centers on its ability to facilitate fast and cheap cross-border transactions. It is the native digital asset on the XRP Ledger, a blockchain created by fintech company Ripple to disrupt SWIFT (Society for Worldwide Interbank Financial Telecommunications), the system banks generally use to send money internationally. XRP transactions settle in seconds and cost a fraction of a...

Image generated by CariGold Bank of America Stock (BAC) Nears Record High as Pivotal Earnings Report Looms Bank of America (BAC) is scheduled to report its Q2 2025 earnings on July 16, with analysts forecasting $0.90 per share, reflecting modest 8% year-over-year growth. I believe BAC is well-positioned to beat expectations, supported by conservative loan loss provisioning, ongoing share buybacks, strength in its Global Markets division, and higher net interest income amid slower-than-expected Federal Reserve rate cuts. Confident Investing Starts Here: BAC stock currently trades at $45, within striking distance of its all-time high of $47 per share. With resistance clearly set, BAC stock will need a strong catalyst to make further...

Image generated by CariGold Sunrun Stock (RUN) Plummets 40% as U.S. Senate Targets Solar Credits The solar sector is reeling after the release of the Senate Finance Committee’s proposed tax-and-spending bill, which targets renewable energy sources. Sunrun (RUN), a major player in residential solar, was particularly vulnerable to the news, shedding almost 40% of its valuation in the past week. Having traded as high as $13.20 per share in late May, the stock is now languishing at approximately $6 following this week’s news. Confident Investing Starts Here: In my view, the proposed incentive cuts pose a significant threat to Sunrun’s viability, particularly given its ongoing inability to generate profits despite these benefits being in...

Image generated by CariGold S&P 500-listed CEO Brian Armstrong warns of looming U.S. debt crisis Brian Armstrong, CEO of Coinbase, issued a dire warning about the state of the global economy this week, pointing to soaring debt, inflation, and declining economic freedom as the key drivers of rapidly increasing crypto adoption. In a post on X, Armstrong stated, "The world needs crypto, now more than ever," while posting a chart that U.S. federal debt surpassed $34 trillion. Armstrong characterized crypto as a means to regain financial sovereignty, giving individuals the ability to avoid centralized institutions and be able to access fast and cheap global payments. "Economic freedom means it's your money," he shared while referencing...

Image generated by CariGold The stock of Circle Internet Group (NYSE: CRCL) surged as much as 17% once it received the First Buy rating from Seaport Global on June 20, as reported. Circle is the company behind the USDC stablecoin. A stablecoin is a type of cryptocurrency that tries to maintain a stable value, unlike mainstream cryptocurrencies like Bitcoin that are generally volatile. Circle's USDC, as the name suggests, is pegged 1:1 to the U.S. dollar. The second-largest stablecoin, it accounts for around 25% of the total stablecoin market cap of $251 billion. The company made a spectacular public debut on June 5 as it opened at $69, around 125% higher than the IPO price of $31. On June 17, the GENIUS Act, the legislation dealing...

Image generated by CariGold Filecoin is building the 'Airbnb for file storage', says exec In a digital world where nearly all web data flows through Amazon, Google, or Microsoft, Marta Belcher and Filecoin are flipping the script. “Think of it like Airbnb for file storage,” said Belcher, President and Chair of the Filecoin Foundation. “People all over the world can rent out unused storage space on their hardware to store encrypted shards of data—securely, privately, and without relying on centralized entities.” At its core, Filecoin is building what Belcher calls “foundational technology for the next generation of the web,” offering a decentralized alternative to cloud giants like AWS. The goal? Resilience, security, and...

Image generated by CariGold Superintelligent CEO warns of complication ahead for crypto regulation Superintelligent founder and CEO Nathaniel Whittemore hailed the passage of the GENIUS Act, which deals with stablecoin regulation, in the Senate as “encouraging.” Speaking to TheStreet Roundtable host Scott Melker, Whittemore said it has been remarkable for the legislation to secure a “bipartisan consensus,” given the kind of noise it generated toward the end. However, Whittemore flagged one potential complication ahead for crypto regulation in the U.S. He said that he didn’t find the attempts by a lot of people, including Representative Warren Davidson (Rep.-R-OH-8), to combine the crypto market structure bill with the stablecoin...