Crypto News

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...

Image generated by CariGold What if the U.S. joins? The Israel and Iran war could get wildly expensive The Israel and Iran war entered its sixth day as the total crypto market cap declined 1.30% in 24 hours to $3.25 trillion on June 18. Bitcoin, the largest cryptocurrency, dipped 0.87% in a day to trade at $104,826.60 at press time. The first two days of the war with Iran already cost Israel $1.45 billion, Ynet News reported on June 15. The amount could help buy around 13,830 Bitcoin at the current rate. There is a possibility that the U.S. could also join the war to support Israel against Iran. It's important that we look at how the previous wars affected American finances. The Afghanistan War (2001-21) cost the U.S. $2.313...

Image generated by CariGold What Happened? Shares of blockchain infrastructure company Coinbase (NASDAQ:COIN) jumped 11.3% in the afternoon session after crypto-linked stocks secured a major victory as the Senate passed the GENIUS Act (a bill that outlines regulatory guidelines for stablecoins). Stablecoins are cryptocurrencies designed to keep a steady value, usually pegged to the U.S. dollar. The bill provides a much-needed legal framework and aims to build trust in digital assets. For Coinbase, a major player in the stablecoin market and the broader crypto ecosystem, this new law reduces regulatory uncertainty and could pave the way for increased institutional and retail adoption. To quantify the market opportunity, Treasury...

Image generated by CariGold Circle Internet, Coinbase Jump as Senate Clears Stablecoin Bill Circle Internet stock jumped 18% in Wednesday morning trading after the U.S. Senate approved a milestone stablecoin bill, marking a significant step toward regulatory clarity for the crypto sector. The bipartisan approval represents a potential turning point for cryptocurrency regulation, particularly benefiting Circle as the issuer of USDC, the second-largest stablecoin with a market value of approximately $61.4 billion. Coinbase shares also rose 10% on the news, while traditional payment giants Mastercard and Visa both fell 2%, suggesting investors see the legislation as potentially disrupting established payment networks. Circle, which...

Image generated by CariGold Circle stock soars on stablecoin bill passage: 'History is being made' Circle (CRCL) stock soared as much as 19% on Wednesday after the Senate passed a bill that would establish a federal framework for dollar-backed cryptocurrencies known as stablecoins. Shares of Circle, an issuer of stablecoin, have gained more than 400% since the company's blockbuster public debut on June 5 as enthusiasm surrounding crypto builds. The GENIUS Act, which still has to be approved by the House and gain signature from President Trump, sets up regulations for how US companies can issue and manage dollar-backed stablecoins for payments. "History is being made, as the US Senate passes the GENIUS Act, taking us one step closer...

Image generated by CariGold Cathie Wood sells $96M of popular tech stock as price tumbles post-IPO Cathie Wood’s ARK Invest has offloaded more than $96 million worth of Circle shares in just two days, marking a sharp reversal after initially backing the stablecoin issuer during its much-anticipated NYSE debut earlier this month. ARK Invest sold 642,766 Circle (CRCL) shares across three of its exchange-traded funds — the ARK Innovation ETF, the ARK Next Generation Internet ETF, and the ARK Fintech Innovation ETF — amounting to nearly 14% of its initial stake. ARK had purchased 4.49 million CRCL shares at the time of Circle’s public listing on June 5, an investment worth approximately $373.4 million based on the initial public offering...

Image generated by CariGold Circle surges as US Senate clears path for stablecoin regulation (Reuters) - Shares of Circle Internet jumped 16% in morning trading on Wednesday after the U.S. Senate approved a milestone stablecoin bill, fueling hopes for broader adoption of what was once a niche corner of the crypto sector. A rare show of bipartisan support marks a turning point in the fractured debate over crypto oversight, and a breakthrough for a sector long stuck in regulatory limbo. Circle, the issuer of the second-largest stablecoin by market value, went public earlier this month in a blowout debut on the New York Stock Exchange. Its shares were last at $173.60, versus IPO price of $31. The company's flagship USDC stablecoin has...

Image generated by CariGold Novogratz Sees Stablecoin Bill Bringing TradFi to Crypto Billionaire Michael Novogratz, CEO of Galaxy Digital Holdings Ltd., expects to see tokenized equities "for crypto and non-crypto" as he discusses what the passage of landmark stablecoin legislation means for his firm and the cryptocurrency market. This article has been published in Yahoo.com via Yahoo News. https://finance.yahoo.com/video/novogratz-sees-stablecoin-bill-bringing-150213045.html

Image generated by CariGold Stablecoins' Market Cap Surges to Record High as US Senate Passes Bill The total market capitalization of stablecoins surged to a record high on Wednesday, data showed, as the U.S. Senate passed a bill to regulate the sector, marking a significant step towards legitimizing a once-niche but now rapidly growing part of the crypto market. Market data revealed that the market capitalization of stablecoins hit an all-time high of $251.7 billion, a 22% increase so far this year. Stablecoins, a type of cryptocurrency, are designed to maintain a constant value, typically via a 1:1 peg with the U.S. dollar. Crypto traders commonly use them to move funds between tokens. Their use has increased significantly in...

Image generated by CariGold Iran’s largest crypto exchange, Nobitex, said Wednesday that it was hacked and funds have been drained from its hot wallet. In a statement on its website translated by TechCrunch, Nobitex said it detected unauthorized access to its infrastructure and hot wallet, in which the company stores a portion of its customers’ cryptocurrency. The company said it was investigating the incident, and that its website and app would be unavailable for the foreseeable future. Public records show the hackers stole at least $90 million of the company’s assets over multiple transactions. Blockchain analysis firm Elliptic said the hackers “burned” the stolen funds by sending the crypto to inaccessible wallets, effectively...

Image generated by CariGold ICR Presents Public Market Crypto Balance Sheet Strategies June 20, 11AM ET ICR will host a live edition of its Conference Spotlight Series on June 20, 2025, from 11am to 12pm ET. The event will focus on raising third-party capital in public markets to buy positions in cryptocurrencies, the company stated. The conference is called “HODL On Tight: Examining The Rise of Public Market Crypto Balance Sheet Strategies” and will include executives from ClearStreet Capital Markets, Upexi (Nasdaq: UPXI), SOL Strategies, Inc. (CYFRF), among others. This article has been published in ipo-edge.com via Yahoo News. https://finance.yahoo.com/news/icr-presents-public-market-crypto-140502103.html

Image generated by CariGold BITCOIN SEASON 2: Bitcoin Has Stockholm Syndrome Jeremy discusses his Miami Bitcoin office, building a staking platform directly into Bitcoin client, redesigning Bitcoin script entirely, CTV endorsement process, and why Bitcoin should make users feel dramatically more free on the day they start using it. This article has been published in yahoo.com via Yahoo News. https://finance.yahoo.com/video/bitcoin-season-2-bitcoin-stockholm-122344173.html

Image generated by CariGold Western Union partners with Zūm Rails on real-time remittances Western Union has joined hands with Zūm Rails, an all-in-one payments platform, to power money transfer from Canada to over 200 countries and territories across the globe. The collaboration integrates Zūm Rails' APIs with Western Union's network, leveraging the Interac e-Transfer system for “real-time” remittances. Consumers can now make money transfers within seconds, with the advent of real-time payments and digital financial services. However, the speed of these transactions is contingent on the underlying payments rails technology that financial institutions adopt, Zūm Rails highlighted. Despite the availability of new technologies that...

Image generated by CariGold Key Points Cardano (CRYPTO: ADA) is a proof-of-stake blockchain known for its research-driven development. The U.S. Digital Asset Stockpile has mentioned it, and Grayscale, a leading crypto asset manager, has applied to create a spot Cardano ETF. Despite its potential, Cardano has faced challenges in maintaining momentum, with competitors like Solana gaining traction. However, upcoming developments may renew interest in Cardano. Here are three reasons to consider buying Cardano now. 1. Cardano is solving its governance issues Charles Hoskinson, Cardano's founder, acknowledges that the project could have been structured better from the outset. Governance issues have hindered progress, such as securing...

Image generated by CariGold India’s CERC proposes virtual power purchase agreement India’s Central Electricity Regulatory Commission (CERC) has proposed amendments to its electricity trading rules, introducing the concept of a virtual power purchase agreement (VPPA). This financial instrument assists consumers in fulfilling their renewable energy obligations and facilitates power trading without physical delivery. Under the new draft Power Market Regulations, 2025, a VPPA will enable consumers to lock in a fixed price with renewable energy producers. These producers will then sell the generated electricity on the open market. The financial settlement between parties occurs when there is a difference between the agreed-upon VPPA...

Image generated by CariGold Key Points Within five years, XRP (CRYPTO: XRP) could be a $750 billion digital asset. On the surface, that might sound like an impossibly high, pie-in-the-sky prediction. It would require XRP to quintuple in price, from a little more than $2 to $10, within a relatively short period of time. However, a number of key catalysts are starting to come together in a way that could light a fire under the price of XRP. Another key catalyst was just announced on June 12 at the XRP developer event in Singapore, and it has me incredibly bullish on XRP's future price trajectory. XRP emerges from behind a regulatory cloud The first thing you need to know about XRP is that, for more than four years, it has been under...

Image generated by CariGold Meta Seen Generating at Least $3 Billion a Year from New WhatsApp’s Updates Ads Meta Platforms’ latest initiative to monetize WhatsApp is expected to significantly boost its revenue, potentially adding between $3 billion to $5 billion annually, and up to over $6 billion in an optimistic scenario. This forecast comes from a new analysis by Morgan Stanley. The company has announced plans to introduce ads within the app’s Updates tab, targeting approximately 1.5 billion daily users with "Status ads". These ads will not be visible in private messages or calls but will be integrated into the Updates tab, making use of the Status feature akin to Instagram Stories. Additionally, Meta is exploring monetization...

Image generated by CariGold Nobitex, the largest crypto exchange in Iran, announced on June 18 that it has detected unauthorized access to a portion of its reporting infrastructure and hot wallet. The incident affected only a portion of the assets in hot wallets, and users' assets are completely secure as per cold storage standards, the exchange told its users on X. All affected users will be compensated through the insurance fund and Nobitex resources, it added. For now, the crypto exchange's website and app are temporarily unavailable. Hacking Group Involvement The hacking group Gonjeshke Darande, also known as Predatory Sparrow, claimed responsibility for the attack. Reports have linked the group to Israel. The group threatened...