Crypto News

Image generated by CariGold Asia Morning Briefing: CryptoQuant Warns of $92K BTC Drop as Analyst Views Diverge Good Morning, Asia. Here's what's making news in the markets: As Asia begins its trading day, bitcoin BTC is trading above $104,500 and, despite a possible looming war in the Middle East, has been relatively flat on the day with negligible market movement. Indeed, for the last full week, BTC is only down 2%, according to market data. Analysts are debating whether the crypto market’s current stillness is a sign of strength or if something more precarious is afoot. Three new reports this week from CryptoQuant, Glassnode, and trading firm Flowdesk all point to the same surface conditions: low volatility, tight price action...

Image generated by CariGold Key Takeaways Coinbase Global (COIN) shares soared this week after the Senate passed the GENIUS Act, a bipartisan bill that regulates and promotes the use of stablecoins. Investors see the legislation, the first major framework approved by Congress dealing with the digital currency industry, as a win for Coinbase as it provides regulatory clarity, legitimizing the exchange’s stablecoin business and revenue streams. On Wednesday, the company unveiled a new product named Coinbase Payments, a solution that allows customers to make payments using stablecoins on a range of commerce platforms. Coinbase shares soared 16% to around $295 on Wednesday, ahead of Thursday's U.S. markets holiday. The stock is now up...

Image generated by CariGold Higher Market Volatility and Trading Volume Catalyze Robinhood Markets Stock (HOOD) Robinhood Markets (HOOD) stock is undeniably popular right now, but this popularity means investors must be cautious about potential overvaluation. Despite these concerns, the company is doing remarkably well, and management has truly come into its own. With Robinhood’s brand evolving from a meme-stock retail investing app into a holistic financial platform for the masses, it’s difficult not to be bullish on HOOD in the long term. However, despite the bullish cheer, I’m taking a Neutral position on HOOD while awaiting better levels. HOOD Stock Demonstrates Unbreakable Momentum Robinhood stock is up by approximately 90%...

Image generated by CariGold Interview: James Neville CEO of Yaspa With over 10 years of experience as a founder, as well as holding previous roles as CTO at Worldpay and Just Eat, James Neville, CEO of Yaspa, is perfectly qualified to discuss all things related to open banking and payments. He is also one of the payments sector’s leading experts in identity verification. RBI editor Douglas Blakey speaks with James Neville, CEO, Yaspa What’s in a name? Standardisation of language challenge It is rather stating the obvious to note that open banking has the potential to revolutionise payments. It offers faster, more secure, and cost-effective transactions. But Yaspa’s research highlights a key challenge: naming conventions matter...

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, head of payments 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...

Image generated by CariGold Are outdated tax laws crippling Bitcoin mining? Miners say it’s time for change In the evolving landscape of Bitcoin mining, one regulatory issue has quietly become a flashpoint for operators: the way mining income is taxed. Unlike traditional commodity producers, Bitcoin miners are taxed the moment they generate new coins—even before any sale takes place. “If you’re mining gold, you don’t pay tax until you sell it,” said Beau Turner, CEO of Abundant Mines. “But for Bitcoin miners, the IRS treats mined coins as regular income immediately, creating unnecessary sell pressure.” That distinction could soon be challenged. Turner points to the Financial Accounting Standards Board (FASB)’s recent decision to...

Image generated by CariGold U.S. birth rate has just a 30% chance of rising in 2025 As the fertility rate in the U.S. continues its historic decline, an increasing proportion of traders on the prediction market platform Polymarket are betting it will remain that way for some time. The new market, "Will the U.S. fertility rate go up in Q1 2025?" is currently pricing a 30% chance of the fertility rate being higher, which is down 11% from the previous pricing on the platform. The counter bet — that the fertility rate will decline further — is trading at 71 cents. Polymarket is a blockchain-based prediction market that allows users to stake real money on real-world outcomes — from politics and sports to science and economics. The basis...

White House reveals Trump's shocking military plan against Iran President Donald Trump will take the final decision regarding any possible military action against Iran in the next two weeks, White House press secretary Karoline Leavitt told reporters during a press briefing on June 19. The president is still hoping for diplomacy to work with Iran, as he hopes the country will sign the nuclear deal, Leavitt added. Crypto platforms, banks, and stock exchanges have been targets of attacks between Israel and Iran since June 13, when the conflict started. Iran, which has been heavily impacted by global sanctions for decades, has increasingly relied on cryptocurrency to sustain its economy. The total crypto market cap stood at $3.25...

Image generated by CariGold Meta-owned WhatsApp enables Bitcoin payments with Sati Meta-owned WhatsApp enables Bitcoin payments with Sati. Felipe Servin, CEO & Founder of Sati, described how Sati delivers a Bitcoin wallet entirely through WhatsApp. “It’s really, really simple, fully noncustodial,” Servin said. He added that Sati never holds private keys, ensuring users retain full control. The approach aims to accelerate Bitcoin adoption without requiring new app installs. Users start by sending a message to a WhatsApp bot, choose a PIN, and the app combines that PIN with a fingerprint of their phone to scramble and store the wallet data only on their device. Because Sati never has access to the scrambled data or PIN, only the user...

Image generated by CariGold Elon Musk has two harsh words for OpenAI founder Sam Altman President Donald Trump is not the only public personality whom Elon Musk has had a public feud with. The billionaire tycoon has also engaged in a feud with Sam Altman. Musk is the owner of the automotive and clean energy company Tesla (Nasdaq: TSLA), social media platform X, and space technology company SpaceX, making him the wealthiest man in the world. Altman is the CEO of OpenAI, the AI company behind the popular ChatGPT bot. Both entrepreneurs have hailed cryptocurrencies. Musk's Tesla holds more than $1 billion in Bitcoin on its balance sheet, and the tycoon has often talked about Dogecoin in positive terms. In fact, the acronym of the...

Ripple Case Nears Climax as Ex-SEC Lawyer Hints Final Ruling is Imminent Veteran securities litigator Marc Fagel recently shared his opinion on rumors surrounding the Ripple securities violations case getting dragged until Aug. 15. As the blockchain tech and payments company and the Securities and Exchange Commission (SEC) filed a joint status report on June 16, the parties requested the court to hold the appeals in abeyance until Aug. 15. The request led to wide speculation within the crypto community that the case has been further delayed for another two months. But Fagel said it's not true. In fact, the district court judge could issue a ruling "in hours, days, or weeks (or months or years, for that matter, but it obviously won't...

Image generated by CariGold Technical Analysis NEAR Protocol is currently showing strong technical indicators. The token's recent price actions suggest it is attempting to break through significant resistance levels. The surge in trading volume indicates increased investor interest, which could lead to further price appreciation if sustained. Buyers appear to be in control, with support levels around $2.11-$2.12 providing a stable base for potential upward moves. Market Context The overall cryptocurrency market is experiencing volatility due to geopolitical tensions in the Middle East, particularly between Iran and Israel. These tensions have created uncertainty in traditional financial markets, impacting investor sentiment across...

Image generated by CariGold XRP is tightening its trading range near $2.15, signaling a potential breakout as majors remain rooted to the whims of macroeconomic tensions. The token's current price action reflects an extended accumulation phase, with technical indicators showing decreasing volatility and firm support around the 38.2% Fibonacci retracement level. News Background Price Action XRP traded within a narrow 24-hour range from $2.135 to $2.186, showing signs of a market coiling for a move. A bullish burst between 13:21 and 13:30 pushed prices from $2.151 to $2.158 on high volume, suggesting growing buyer interest. The price briefly pulled back to $2.150 in the 13:47–13:48 window — a critical zone that aligns with the 38.2%...

Image generated by CariGold Elon Musk's X to Offer Investments, Trading 'Soon:' FT Elon Musk's X is stepping up its push to turn the social media platform into an "everything app," the Financial Times reported on Thursday. The platform, formerly known as Twitter, will "soon" allow users to make investments or trades on the platform, CEO Linda Yaccarino told the newspaper in an interview at the Cannes Lions advertising festival. "Soon you're going to be able to live your whole financial life on the platform," Yaccarino said in a panel appearance at the same event, listing peer-to-peer (P2P) payments, storing value, paying creators or watching pay-per-view (PPV) events as examples. X partnered with Visa to develop "X Money" earlier...

Image generated by CariGold LYFT's Gross Bookings Growth Gaining Pace: A Sign of More Upside? Lyft, a ridesharing company based in San Francisco, CA, is benefiting from the increase in gross bookings. Gross bookings are improving mainly due to the growing active rider base, expansion into new markets, and the success of the company’s customer-friendly "Price Lock" feature. Last month, Lyft released its first-quarter 2025 earnings report. In the March quarter, gross bookings increased 13% year over year to $4.6 billion. Management stated that this was the 16th consecutive quarter where Lyft demonstrated double-digit year-on-year growth in the key metric. The uptick was driven by the record active riders of 24.4 million in the quarter...

Image generated by CariGold Key Points The WhiteBIT Coin (CRYPTO: WBT) cryptocurrency is surging this week, according to data from S&P Global Market Intelligence. The native coin of the WhiteBIT crypto exchange rose 35% from Friday's market close to 11 a.m. ET on Thursday, boosted by another big-ticket sports club sponsorship. Juventus players will wear WhiteBIT logos on their sleeves This Monday, WhiteBIT became the sleeve sponsor and official crypto exchange of the popular Italian soccer club Juventus. The three-year deal sparked an immediate boost in WhiteBIT coin prices, along with lots of media headlines and social media discussions. Long story short, the Juventus partnership will introduce the WhiteBIT brand name to a large...

Image generated by CariGold Cardano’s ADA token is struggling to maintain upward momentum, sliding to $0.5965 despite signs of support at the $0.60 psychological threshold, according to CoinDesk Research's technical analysis model. Earlier price action suggested a bullish reversal pattern, including a potential triple bottom formation, but the failure to hold $0.60 highlights ongoing weakness in the market. What stands out is the surge in 24-hour trading volume, which rose 30% above its 7-day moving average — a sign of increased market engagement. Although short-term price action remains bearish, the rise in activity combined with a reduction in exchange netflows could indicate that ADA holders are shifting toward long-term storage...

Image generated by CariGold Visa Expands Stablecoin Reach in Europe, Middle East and Africa Payment card giant Visa (V) has expanded its stablecoin capabilities across the Central and Eastern Europe, Middle East, and Africa (CEMEA) region, and has also formed a strategic partnership with African crypto exchange Yellow Card. Visa appears to be doubling down on stablecoins, which are fast becoming the new payment rails of the Internet, having last month invested in stablecoin-based payments firm BVNK. In 2023, Visa became one of the first major payment networks to settle transactions in Circle’s USDC stablecoin. To date, over $225 million in stablecoin volume has been settled through Visa across participating clients, according to a...

Image generated by CariGold Meeka Metals secures $39m for Murchison gold project expansion Australian gold mining company Meeka Metals has received firm commitments to secure A$60m ($39m) through a placement backed by both existing and new institutional investors. The funds raised will be directed towards accelerating the next phase of development at the Murchison gold project in Western Australia (WA). The placement was conducted at A$0.15 per share, representing a 4.1% discount to the 20-day volume-weighted average price (VWAP) and a 10.3% discount to the ten-day VWAP. Meeka Metals will issue a total of 400 million shares under the placement, utilizing its existing capacity under ASX Listing Rules 7.1 and 7.1A. All new shares...

Image generated by CariGold Strength Seen in Coinbase Global (COIN): Can Its 16.3% Jump Turn into More Strength? Coinbase Global, Inc. (COIN) shares ended the last trading session 16.3% higher at $295.29. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.9% loss over the past four weeks. The surge likely has been fueled by the Senate passing a stablecoin bill. COIN is scaling its subscription and services business by pushing stablecoin income. Thus, it is favoring COIN. COIN has a strong focus on making USDC the dominant dollar-backed stablecoin worldwide, which aligns closely with its broader international expansion strategy. A robust...