Crypto News

Image generated by CariGold Key Points Nvidia (NASDAQ: NVDA) is ideally positioned to be a major player in the market for physical artificial intelligence (AI), a technology that lets autonomous machines such as cars and robots understand, navigate, and interact with the real world. Nevertheless, certain hedge fund billionaires sold shares in the first quarter. Meanwhile, those same hedge fund managers, and others, bought Uber Technologies (NYSE: UBER), a company well positioned to benefit from robotaxis and whose stock has soared 300% in the past three years. 1. Nvidia Nvidia is the market leader in data center graphics processing units (GPUs), chips that are the industry standard in accelerating complex workloads such as training...

Image generated by CariGold Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia Japan’s hotelier-turned-Bitcoin-buyer Metaplanet Inc. overtook memory chipmaker Kioxia Holdings Corp. in terms of market capitalization as the stock soared nearly 400% in less than two months, riding the global crypto rally. Metaplanet’s market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains which also took it past chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the world’s biggest subway systems. The stock rocketed 26% Monday as it announced its purchase of ¥16.9 billion worth of Bitcoin which hit a record of $111,980 on May 22. Metaplanet has plans to raise about $5.4 billion to...

Image generated by CariGold ETH Holds Strong; Is It the ‘Digital Oil’ Powering the Global Digital Economy? Ether (ETH) is trading above $2,540, showing strong resilience in the face of market turbulence fueled by heightened geopolitical risk. After briefly dipping to $2,491.72, ETH recovered swiftly, closing higher on above-average volume and validating key support near $2,500, according to CoinDesk Research's technical analysis model. Technical indicators suggest renewed momentum, supported by a double-bottom formation and heavy intraday buying near $2,530. ETH open interest stood at $35.36 billion as of 6:05 p.m. UTC on June 16, indicating active institutional positioning. However, U.S.-listed spot Ethereum ETFs saw $2.1 million...

Image generated by CariGold Asia Morning Briefing: Risk of Escalating Israel-Iran Conflict Keeps BTC Around 105K Says QCP Good Morning, Asia. Here's what's making news in the markets: As Asia opens the trading week, BTC is changing hands at around $105,000, stuck in this range due to market uncertainty about whether the Israel-Iran conflict will escalate into a broader regional war, according to a recent note from trading firm QCP. QCP wrote in a Friday note published on Telegram that risk reversals have "flipped decisively," with front-end BTC puts now commanding premiums of up to 5 volatility points over equivalent calls, a clear indicator of heightened investor anxiety and increased hedging against downside risks. The firm said...

Image generated by CariGold For most of us, bitcoin is more than a little confusing. Does it work like real money? Is it physical or only online? And how do you even use it? Cryptocurrency is still fairly new and still very strange to many. Even adults who are pretty savvy with financial know-how can struggle to understand how it works. So, we decided to put ChatGPT to the test with this prompt: “Explain bitcoin to me like I’m 12 years old.” Here’s what ChatGPT said when I asked it to explain bitcoin like I’m 12. ChatGPT’s Video Game Analogy ChatGPT started strong with something every tween can relate to: video games. “Imagine you have a video game where you collect special coins, and every time you get one, it’s recorded in a...

Image generated by CariGold Key Points After jumping a hefty 43% in 2024, shares of language-learning app Duolingo (NASDAQ: DUOL) are up another 47% so far in 2025. And according to select Wall Street analysts, the stock has simply climbed too far, too quickly. Stock research platform TipRanks is currently tracking 15 analysts who cover Duolingo stock. Of these analysts, none recommend selling the stock, but their average price target is $476 per share, slightly below where Duolingo is trading as of this writing. In other words, Duolingo stock trades above what these professionals believe it's worth. It's obviously time to sell, right? Well, it's more complicated than that. Most Wall Street price targets only take into account the...

Image generated by CariGold Chart of the Week: Bitcoin's Summer Lull Still Offers 'Inexpensive' Trading Opportunity The viral meme — starring a stick figure poking the ground and depicting a need for reaction — might just sum up the current scene at digital assets trading desks during the slow, early summer days. Sure, bitcoin BTC just hit new fresh highs and is still trading above $100,000, but the P&L is diminishing daily for short-term volatility chasers. "Bitcoin’s volatility has continued to trend lower, both in realized and implied measures, even as the asset reaches new all-time highs. This decline in volatility is particularly notable amid historically high price levels," said NYDIG Research in a recent note. And despite...

Image generated by CariGold Can GameStop Stock Rise From the Ashes? Video game retailer GameStop (NYSE: GME) used to be hot stuff. The company nearly went out of business during the lockdowns of 2020, but the stock caught a second wind in 2021. Driven by social media hype and a new leadership team, GameStop's stock soared to nearly $87 per share. That's up from $3.36 three months earlier, creating a price spike of a cool 1,000%. But the surge didn't last, and GameStop's stock has been trending lower ever since. As of June 13, investors have taken a 74% haircut from the very top in January 2021. Are you watching the beginning of the end for GameStop's retail empire, or is the stock poised for another dramatic recovery in 2025? Let's...

Image generated by CariGold Could Buying Visa Stock Today Set You Up for Life? Key Points We all want to find that one investment that can make us huge returns. In the past, Visa (NYSE: V) has done just that. The world's dominant payments processing entity has produced a total return of 2,880% since its initial public offering (IPO) in 2008. This means that had you been able to make a $10,000 investment in this top financial stock back then, you'd be staring at $298,000 in your portfolio today. Shares now trade in record territory. And the company's market cap is at $721 billion. But if you buy today, can Visa set you up for life? Visa's solid growth potential It might be obvious, but finding a business that has tremendous growth...

Image generated by CariGold In an interview with TheStreet Roundtable, Binance Chief Executive Richard Teng hailed the SEC’s decision to drop its 2023 lawsuit against Binance as a “sea change” — a 180-degree turn that could restore the U.S. as the global crypto capital. “We are very thankful to Chairman Paul Atkins of the US SEC, President Donald Trump and his administration for having very thoughtful, very considerate approach in terms of crypto formulation,” Teng said. He added, “choosing to support innovation instead of stifling it.” He noted that after “the past four years where operation 2.0 was in operation,” such a key decision is “a big win not only for Binance as a company but it’s a big win for crypto as an industry.” Teng...

Could XRP Reach $10 if It Conquers This 1 Massive Future Market? Picture a dusty boomtown at dawn. The first crews that pour the sidewalks decide where every storefront door will sit for decades. In crypto's next boomtown, real-world-asset (RWA) tokenization, the pavement is still wet. The chain that's viewed as an attractive place to pour the concrete could collect tolls long after the cement hardens. That is exactly the bet behind XRP (CRYPTO: XRP). If XRP winds up hosting a meaningful share of tokenized stocks, bonds, and other RWAs, that dream nudges toward higher-probability territory. The coin's price could rise beyond $10 as a result over the long term. Here's how this trend could play out to the favor of holders. The Market...

Image generated by CariGold I'm a Financial Expert: This Is the No. 1 Mistake Americans Make When Investing in Crypto Cryptocurrencies are one of the most exciting asset classes due to their novelty and high returns. Bitcoin has crushed the S&P 500 and Nasdaq Composite over the past decade, with altcoins having varying levels of success. The pro-crypto policies of the Trump Administration have only put more spotlight on cryptocurrencies, but jumping in without enough knowledge can result in substantial losses. While there are several mistakes you can avoid when investing in crypto, one mistake stands out. This guide will uncover mistakes to avoid and what you can do to put yourself in a better position when you buy crypto. Crypto Is...

Image generated by CariGold The Fundamental Problem With MicroStrategy's Bitcoin-Buying Plan Key Points One of the hottest tech stocks in recent years has been MicroStrategy (NASDAQ: MSTR), which has rebranded itself as just Strategy. A huge reason for its rally has been due to its bullish position on Bitcoin (CRYPTO: BTC) and its continual stockpiling of the digital currency. With the cryptocurrency soaring in value in recent years and breaching the $100,000 mark, Strategy has benefited from that excitement. But there's a fundamental problem with this approach. While it seems like a great way to benefit from the cryptocurrency's rising value, simply loading up on Bitcoins may not necessarily result in a higher share price for...

Image generated by CariGold Back in December of 2024, I decided to hop aboard the bitcoin train and add some crypto exposure to my portfolio. Markets were flush off of the recent Trump victory, there were whispers of a national bitcoin reserve, and bitcoin had recently broken the $100,000 threshold for the first time. The cryptocurrency had gone mainstream enough for late adopters like myself to deem it investable. For my first foray into bitcoin, I purchased a share of Blackrock's iShares Bitcoin Trust Trust (IBIT). I later added a share of Semler Scientific (SMLR), a healthcare technology company that holds bitcoin on its balance sheet. I wanted to try multiple methods of investing in bitcoin. In hindsight, I realize I committed...

Image generated by CariGold Owning One Bitcoin Is the New American Dream, Says Bitwise Portfolio Manager Bitcoin (BTC) is holding firm above $105,000 after recovering from a sharp downturn triggered by escalating tensions in the Middle East. The leading cryptocurrency dropped below $104,000 following Israel’s strike on Iran, but quickly regained lost ground, now trading at $105,590, up 0.15% in the past 24 hours. Bitcoin’s swift rebound suggests underlying strength, with high-volume buying visible during the dip. Analysts point to the $104,000–$105,000 range as an important zone of support, as price action continues to grind upward. Sentiment remains cautious — reflected in a pullback in trader confidence — but structurally...

Image generated by CariGold Billionaire Philippe Laffont, who has invested in crypto companies like Bitcoin miner Hut 8 (Nasdaq: HUT) and on-chain analytics platform Dune Analytics, has acknowledged that the thought of pouncing on crypto didn't occur to him earlier. Laffont said that every night, he wakes up at about three in the morning and goes: Laffont is the founder of Coatue Management, a hedge fund and venture capital firm that invests in technology companies. He made the above remarks while speaking at Coinbase’s State of Crypto Summit in New York on June 12. Bitcoin's Volatility and Investment Potential Bitcoin's volatility has deterred investors — including even Coatue — during the early years, but Laffont believes...

Image generated by CariGold ADA Hovers Around $0.62 as New Enterprise Product Launch Offsets Whale-Driven Pressure Cardano's ADA was down 1.71% over the past 24 hours, trading at $0.6229 as of June 14. The asset briefly slipped to $0.6176 before stabilizing, holding its footing despite a sharp wave of selling from large holders. According to recent market data, whales have offloaded over 270 million ADA — worth roughly $170 million — in a move that has added significant pressure to the token’s price action during a week marked by geopolitical volatility. Yet, amid the sell-off, the Cardano Foundation unveiled a new product aimed at enterprise adoption. On Thursday, the organization launched Originate, a blockchain-based solution for...

Image generated by CariGold Trump Earned $57.7 Million From Crypto Venture, Disclosure Shows President Donald Trump earned $57.7 million from token sales by the crypto firm he and his sons helped launch last year, according to his required federal financial disclosure forms. The financial disclosure, released Friday by the Office of Government Ethics, provided details on his sprawling empire, including hundreds of millions of dollars in income from his hotels, golf resorts, and cryptocurrency ventures. The $57.7 million came from sales by World Liberty Financial, the crypto firm launched last year before the election. Trump and his three sons, Donald Trump Jr., Eric Trump, and Barron Trump, are among the company’s founders...

Image generated by CariGold Trump's Empire Pulled In $57M From Family-Linked Crypto Firm Last Year, Filing Shows Donald Trump’s crypto wallet and branding empire earned tens of millions of dollars last year, with World Liberty Financial netting the U.S. President $57.4 million, according to a newly released federal financial disclosure. The document, published by the Office of Government Ethics, shows Trump’s personal crypto holdings are estimated to be between $1 million and $5 million. He also declared gold bars as investments between $250,000 and $500,000, various money market funds, equity and Treasury bond holdings, and real estate. In addition to his crypto holdings and income, Trump seemingly collected over $11 million in...

Image generated by CariGold Rising oil prices have a surprising new impact The recent Israel-Iran conflict led to a dramatic shift in the markets as the price of the benchmark Brent crude oil rose more than 10%, hitting its highest point since January. On June 13, it closed at $75.18 a barrel. On the other hand, Bitcoin fell as much as 5% following the attack before recovering some losses. It was trading at $104,984.23 at press time. The market dynamics in the wake of the latest escalation in the Middle East were a matter of intense discussion. An X user, @R1chrdHeartLose, drew an interesting correlation between the ETH/BTC chart and oil price during 2021-25. The Russia-Ukraine war led to the hike in oil prices in early 2022...