Crypto News

Image generated by CariGold Can a Massive Bitcoin Investment Save GameStop? Key Points Perennial meme stock GameStop (NYSE: GME) has taken its shareholders on another roller-coaster ride of volatility so far in 2025. In May, its stock price soared to $35.81, near a 52-week high, but it has since plummeted to under $23 per share. It's currently down 30% year to date. The niche retailer continues to grapple with a changing operating environment as the video game industry increasingly shifts toward digital content that can be directly downloaded to players' machines. In its efforts to stay relevant, GameStop has expanded its merchandise offerings into collectibles and gaming-related apparel. But perhaps its biggest pivot has been its...

Image generated by CariGold Key Points The market loves a good comeback story, and right now Ethereum (CRYPTO: ETH) is auditioning for the lead role. After spending most of 2023 and 2024 lagging other major cryptocurrencies, Ethereum has surged roughly 30% during the past 90 days. There's reason to believe that this move is not just another speculative pop. There are four catalysts that look built to last. If those forces keep pulling in the same direction, the rally may be only the opening act. Let's check them out and understand how they fit into the coin's longer-term picture. 1. Cooling inflation turns the macro tide Ethereum, like all cryptocurrencies, is very sensitive to macroeconomic phenomena like inflation and the money...

Ether, Solana, and Other Majors Could Slide Further as Trump Threatens Iran Strikes Crypto majors slid further on Thursday and the dollar gained ground as fears of a broader conflict in the Middle East intensified. XRP, Cardano’s ADA, and Solana’s SOL lost over 1% in the past 24 hours, while dogecoin is flat on the day but down over 10% for the week, wiping out its early June rally. Ether lost 0.7%, reversing all gains from earlier in the week. As such, spot bitcoin exchange-traded funds (ETFs) in the U.S. continued to attract inflows, with over $389 million in fresh buys on Wednesday, data shows. Spot ETH ETFs racked up $19 million in positive flows. U.S. officials are reportedly weighing a direct strike on Iran, while the Federal...

Image generated by CariGold Who's Selling Bitcoin Above $100K and Holding Back the Price Rally? Bitcoin's BTC bull market has stalled, and how. Despite a surge in spot ETF inflows, stablecoin market caps, and positive regulatory developments in the U.S., the leading cryptocurrency by market value continues to trade directionless, fluctuating between $100,000 and $110,000. It's been a record 42 straight days of back-and-forth trading above the $100 mark, and the question is: Who has been selling BTC and quietly counteracting the ETF inflows amid mounting concerns about the U.S. fiscal situation? According to Alexander Blume, managing partner at the SEC-registered investment adviser Two Prime, BTC is facing a unique crosswind of...

Image generated by CariGold Korean Crypto KOLs Fuel Massive $USELESS Rally as Traders Shrug Off Traditional Narratives: Asia Morning Briefing Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. South Korea has long been known for its outsized influence on altcoin markets, from the XRP mania that drove a 400% rally last year to the present-day obsession with a token that proudly calls itself USELESS. The $USELESS phenomenon has ties to South Korean Key Opinion Leaders (KOLs). At the center of everything is Yeomyung, a Korean KOL and liquidity provider who got into USELESS early, held through a...

Vlad Tenev is heading for France. The CEO of Robinhood Markets told analysts that the online brokerage platform was gearing up for its cryptocurrency event, slated for June 30, live from the French Riviera. "We're heads down getting things ready for the crypto event," he said during the April 30 earnings call. "So we're very excited about that. There's going to be some new things unveiled." Robinhood's crypto business is a significant revenue driver for the Menlo Park, Calif., company. Robinhood CEO: Crypto had awesome quarter While crypto revenue in the first quarter dipped slightly to $252 million, it still represented a substantial 43% of Robinhood's total transaction revenue. “So, I mean crypto had an awesome quarter,” Tenev...

Image generated by CariGold In a digital landscape dominated by Ethereum-native decentralized finance (DeFi) protocols, Bitcoin has largely sat idle—less a productive asset, more a vault. But platforms like Xverse are starting to change that, and they’re doing it without reinventing the wheel. “We don’t develop the protocols ourselves…we aggregate them,” said Ken Liao, CEO of Xverse Wallet. “You just basically, within a couple of clicks, deploy your Bitcoin capital.” Bitcoin DeFi is quietly gaining traction, especially among risk-aware crypto investors who’ve grown wary of bridging to exotic chains or complex liquidity pools. At the center of Xverse’s strategy is Stacks, a Bitcoin layer 2 (L2) protocol whose native token (STX) can be...

Image generated by CariGold In an interview with TheStreet Roundtable, Amberdata co-founder and chief operating officer Tongtong Gong laid out the scale of her firm’s operations and stressed that raw liquidity figures tell only part of the story. Gong said Amberdata’s platform now powers more than two million events per second and “process about $580 billion worth of notional value transactions daily. And that’s on-chain, DeFi and centralized venue,” she said. She noted that last year alone the company served billions of API calls and delivered petabytes of data and insights to customers. “It’s a lot of responsibility to be the backbone of the financial institutions and help them embrace and enable institutions to innovate at scale...

Image generated by CariGold eToro (ETOR) Posts Strong Public Debut with Social-First Spin on Crypto Trading eToro (ETOR) is a primarily crypto-focused trading platform that debuted as a publicly traded company in May of this year, at approximately $70 per share, and has reached a peak of $75 per share earlier this month. The stock price has cooled since then, but the value proposition behind this hot new retail broker hasn’t. Confident Investing Starts Here: This new entrant to the capital markets offers a distinct model compared to its competitors, aiming to provide a “social-first” trading platform where traders not only execute trades but also share their strategies and portfolios. This creates a persuasive value proposition and...

Image generated by CariGold For some tense minutes on Wednesday, X users were surprised to see one of those crypto “airdrop” posts on Andreessen Horowitz’s blue check-marked account. A second tweet said that $5 million had already been given away. That account has 851,000 followers. A member of a16z’s crypto team saw the tweet and immediately posted a warning not to engage. X quickly took down the post. Airdrops are usually used as ways for cryptocurrencies to promote themselves. a16z tells TechCrunch, and posted on the account: “Earlier today, our X account was briefly compromised. During that time, the account promoted a token and other fake content — none of which originated from a16z. Apologies for any confusion caused by the...

Image generated by CariGold The stock of Circle Internet Group (NYSE: CRCL), the company behind the USDC stablecoin, surged 30% to reach as high as $199.60 on June 18. This comes a day after the Senate passed the GENIUS Act, which deals with stablecoin legislation, with a 68-30 vote. A stablecoin is a type of cryptocurrency that aims to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin. Circle's USDC does so as it is pegged 1:1 to the U.S. dollar. As per DeFiLlama, the total stablecoin market cap is $251.66 billion. Tether's USDT is the largest stablecoin, which has a market share of $156.39 billion and accounts for 62% of the market share. With a market cap of $61.07 billion, USDC accounts for...

Image generated by CariGold In a significant feat for the cryptocurrency industry, the U.S. Senate passed the GENIUS Act on June 17 with a vote of 68-30, marking the first major digital asset regulation to pass the upper chamber of Congress. The legislation establishes a federal structure for stablecoin issuance, projected to reach a $2 trillion market cap within the next three years. A stablecoin is a type of cryptocurrency that maintains a stable value over time, equivalent to a fixed amount of money. Its value is usually tied to a more stable asset, such as the US dollar or gold. GENIUS Act The GENIUS Act, identifying Guaranteed and Enforceable Neutral Intermediaries for U.S. Stablecoins, establishes guidelines for how companies...

Image generated by CariGold First U.S. City to Ban ATMs That Cost Millions in Scams The Spokane City Council in Washington State announced a ban on cryptocurrency ATMs on June 16. The first such ban in a Washington city would impact 50 crypto ATMs operating across grocery and retail stores in Spokane. The authorities have given a 60-day ultimatum to the operators of these machines to uninstall them, or it could potentially lead to the revocation of their business licenses. While these machines resemble cash ATMs, they don't dispense cryptocurrencies but allow users to buy them. “This will ban future ones, as well as remove existing kiosks. We see a lot located in poor neighborhoods, convenience stores, [and] grocery stores," said...

Image generated by CariGold The Federal Reserve decided to keep the interest rates unchanged at 4.25%-4.5%. Officials project two interest rate cuts totaling 50 bps in 2025, leading to a potential range of 3.75%-4%. Officials also project one rate cut of 25 bps each in 2026 and 2027. The crypto market wasn't pleased with the Fed's announcement, even if it was along expected lines. The total crypto market cap declined from $3.24 trillion to $3.23 trillion within minutes of the announcement. As per Kraken's price feed, Bitcoin fell from around $104,350 to $104,256.70. Ethereum, on the other hand, remained nearly unchanged and was trading at $2,494.74 at press time. The much-discussed XRP suffered a modest fall from $2.15 to trade at...

Image generated by CariGold Key Points Shares of Circle Internet Group (NYSE: CRCL) soared today, finishing the day up 33.9%. The spike came as the S&P 500 and Nasdaq Composite were relatively flat. Big news for stablecoins The U.S. Senate passed the GENIUS Act, a landmark bill that would create a federal regulatory framework for stablecoins like Circle's USDC. While the bill still needs to clear the House of Representatives, the passage of the GENIUS Act through the Senate marks a major step toward integrating stablecoins into the American financial system. The bill allows banks, fintech firms, and retailers to legally issue and use stablecoins, while also establishing consumer protections and regulatory oversight. Sen. Kirsten...

Image generated by CariGold Oppenheimer Thinks Roblox Stock Can Rise Back to Multiyear Highs One of Wall Street’s biggest Roblox bulls sees its shares hitting highs not seen in years. Oppenheimer on Wednesday raised its price target for Roblox Corp. (RBLX) stock from $80 to $125, a level the shares haven’t hit since late 2021. The online gaming platform has “a better solution to user growth and user retention than most game publishers,” Oppenheimer wrote. Roblox is unlikely to discover another Grow a Garden, a blockbuster, agricultural-themed game that Roblox bought a stake in when it had a promising number of players, analysts said. At one point, 16.4 million users were simultaneously playing Grow a Garden, surpassing Fortnite’s...

Image generated by CariGold Stablecoins Market Cap at ATH Following GENIUS Passage The total market cap of USD-pegged stablecoins has now climbed past $250 billion, setting a new all-time high. This comes after the U.S. Senate approved the GENIUS Act with an overwhelming bipartisan vote. This article has been published in Yahoo News via yahoo.com. https://finance.yahoo.com/video/stablecoins-market-cap-ath-following-180901696.html

Image generated by CariGold How JPMorgan's 'deposit token' shakes up crypto payments JPMorganChase is planning a digital currency that looks and sounds like a stablecoin. But there are differences that have major ramifications for what the cryptocurrency payments market will look like in the post-GENIUS Act world. In an email to American Banker, the bank said it plans to issue a permissioned USD deposit token, JPMD, for payments on Base, a blockchain that is built within Coinbase. JPMD will launch "in the coming days," the bank said. "It's going to be a big question in the near term as we see more institutions explore stablecoins: What's a stablecoin, and what's a deposit token?" James Wester, director of cryptocurrency research for...

Image generated by CariGold On June 18, stablecoin issuer Tether CEO Paolo Ardoino sparked a renewed debate over what constitutes a trustworthy store of value in today's unpredictable world. In a post on X, Ardoino simply tweeted: "Bitcoin, Gold, Land. A stable story in 3 words." Ardoino's post stirred strong reactions from many in the crypto and investment communities. Though there are only three words, Ardoino was making a comparison between three traditional safe-haven asset classes. Ardoino framed Bitcoin alongside gold and land as the backbone of wealth preservation. Critics and supporters alike countered that other distinctions existed between the three asset classes, especially in a digital age. "Gold will never become a...

Image generated by CariGold Coinbase Global Stock Leads S&P 500 Gainers as Senate Passes Stablecoin Bill Shares of Coinbase Global (COIN) surged 11% to lead S&P 500 gainers Wednesday afternoon, a day after the Senate passed the GENIUS Act to set up federal boundaries for the use of stablecoins. The legislation would open the door for the use of stablecoins—cryptocurrencies whose value is tied to another currency or financial asset such as the U.S. dollar—by banks, fintech firms, retailers, and others. It was the first major legislation approved by Congress dealing with the digital currency industry. Shares of USDC stablecoin issuer Circle Internet Group (CRCL) also soared on the news, jumping 20% in recent trading. The bill now...