Crypto News

Image source: Getty Images. 3 Long-Term Triggers That Could Double XRP By 2030 Key Points Most investors learn early that markets move when supply meets fresh demand. Right now, XRP (CRYPTO: XRP) changes hands near $2.25 per token. That doesn't scream excitement on its own. It does, however, set a remarkably low bar for upside if three key catalysts keep gathering steam. Each one of these developments builds XRP's core narrative in durable ways. If they converge over the next 5 years (and they look like they will), a 100% move to roughly $4.50 per coin becomes a stretch goal rather than a fantasy. What's more, the triggers are already visible on the blockchain, as well as in boardrooms. Let's examine these three catalysts, the...

Short-seller Chanos questions bitcoin-holding pioneer Strategy's valuation premium Prominent short-seller Jim Chanos has questioned Strategy's valuation premium over its bitcoin holdings, saying Chairman Michael Saylor's tactics to boost the company's returns are "financial gibberish." "...Mr. Saylor wants you to value his business based not only on the net value of his Bitcoin holdings (NAV) at market, but additionally with a multiple on the change in that NAV...," he said in a post on X on Tuesday. Also, in an interview with Bloomberg Television on Wednesday, Chanos said that Strategy's market value should not exceed the value of its bitcoin holdings. As of June 9, the company held 582,000 bitcoins, worth $62.27 billion, while its...

'First crypto president' Trump claims credit for ending Operation Choke Point 2.0 President Donald Trump claimed credit for ending Operation Choke Point 2.0 while speaking to the Coinbase State of Crypto Summit on June 12. Trump said he ended the Biden administration's war on crypto, and his administration unleashed American innovators to do what they do best — lead the world into new frontiers. Operation Choke Point 2.0 is a popular term within the crypto industry that refers to what the industry leaders call a covert effort by U.S. regulators such as the Securities and Exchange Commission (SEC) to insulate crypto companies from the traditional banking system. The term draws upon the original Operation Choke Point, a 2013...

Trump Confirms China Deal, but Markets Stay Jittery Cryptocurrency markets were slightly optimistic Thursday as China announced it was confirming a trade deal with the United States, which lessened tensions between the two largest economies in the world. The global cryptocurrency market cap is at $3.49 trillion, down 4.1% in the past 24 hours. Bitcoin is down over 2% to $106,947.59, and Ethereum is down 1.4% to $2,732, as per Kraken. The agreement was reached following a phone call between U.S. President Donald Trump and Chinese President Xi Jinping last week, during which both leaders declared a temporary truce in the trade war. On Wednesday, Trump said on Truth Social, "Deal with China is done, subject to final approval with...

DeFi Adding $5B of Solana Buying Power With New Line of Credit DeFi Development (DFDV), the Nasdaq-listed firm pursuing a Solana (SOL) treasury strategy, is planning to get some more funding to boost its SOL stack. According to a recent press release, the company has secured a $5 billion equity line of credit with RK Capital Management. The agreement allows DeFi Development to sell shares at its discretion, provided it meets conditions like filing a resale registration with the U.S. Securities and Exchange Commission. The company stated it plans to file the necessary paperwork soon. "We now have the flexibility and structure we need to scale," said Joseph Onorati, Chief Executive Officer. "This is a clean, strategic path to continue...

Harman introduces Neo QLED technology in Tata Harrier EV Harman has introduced what it claims to be the first in-vehicle display powered by Samsung's Neo QLED technology in the new Tata Harrier EV. This development aims to meet consumer demand for high-quality visual experiences in vehicles, similar to those found in premium televisions and personal devices. The new 14.53in floating Neo QLED display is designed to provide high-quality visuals in various lighting conditions. Key features include a cadmium-free Quantum Dot display with intelligent Blue Mini-LED control, which enhances sustainability and energy efficiency while delivering superior visual performance, according to the company. Harman stated that the display achieves a...

Zacks Investment Research Affirm's Active Merchants Rise: A Strategic Advantage in BNPL Space? Affirm Holdings, Inc. (AFRM) is primarily focusing on growth and merchant expansion. It is strengthening its position in the competitive market of Buy Now Pay Later (BNPL) through merchant adoptions on its platform. The company has extended its footprint into the U.K. market, indicating its major expansion outside North America. AFRM has reported more than 254,000 active merchants in fiscal 2023, which increased about 19.3% year over year in fiscal 2024, followed by 23% year-over-year growth in the third quarter of fiscal 2025. At the end of the third quarter of fiscal 2025, it reached around 358,000 active merchants. With the increasing...

Michael Saylor's Biggest U-Turn Yet, 'You Don't Need Bitcoin' Michael Saylor, who is arguably the most ferocious Bitcoin advocate in the corporate circles, recently seemed to make the biggest U-turn yet. Saylor is the co-founder and executive chairman of Strategy (Nasdaq: MSTR), earlier known as MicroStrategy. Under his leadership, the business intelligence firm began acquiring Bitcoin in 2020 during the coronavirus pandemic and has since emerged as the world's largest public corporate holder of the king coin. As of now, Strategy holds 582,000 BTC worth a whopping $62.3 billion. Among the public companies that are not crypto-native, only Elon Musk's Tesla (Nasdaq: TSLA) comes a close second, holding 11,509 BTC worth $1.2 billion...

Standard Chartered Analyst Predicts XRP Will Flip Ethereum in 3 Years Geoffrey Kendrick, global head of digital assets research at Standard Chartered Bank, recently predicted that XRP would overtake Ethereum in terms of market cap by 2028. Kendrick wrote: As per sources, Bitcoin is the largest cryptocurrency with a market cap of $2.12 trillion, followed by Ethereum with a market cap of $329.5 billion and Tether's USDT with a market cap of $155 billion. XRP is the fourth-largest cryptocurrency that has a market cap of $130.9 billion. If we take Kendrick's 2028 projection into consideration, then XRP's price should reach $5.6 over the next three years. XRP was exchanging hands at $2.22 at press time, according to available price...

Backpack CEO Armani Ferrante says centralized exchanges are 'safest' path to self-custody In an interview, Backpack chief executive Armani Ferrante argued that the wall between centralized exchanges and the on-chain economy is fast disappearing. “Until today, most people have really thought about centralized exchanges or fintechs or traditional finance as a totally disjoint separate world than the on-chain economy,” he said, adding that the surge of value locked in decentralized apps is forcing the two realms together. Billions of lost dollars Ferrante’s first prediction is a merger between the crypto wallet and the trading venue. “What makes crypto so special is self-custody,” he said — the idea that holders control their private...

Image source: Getty Images. Why Shares of GameStop Are Tanking Today Shares of the video game retailer GameStop (NYSE: GME) had tanked roughly 19%, as of 10:18 a.m. ET today. The company announced plans to issue $1.75 billion in convertible notes for "general corporate purposes, including making investments in a manner consistent with GameStop's Investment Policy and potential acquisitions." GameStop may buy more Bitcoin While GameStop in its press release did not specifically say that it would use the proceeds of the offering to buy more Bitcoin, the world's largest cryptocurrency, many suspect this is the plan and GameStop's investment policy now includes purchasing more Bitcoin. The company earlier this year raised capital...

How Hivemapper Became Solana’s DePIN Darling with Founder Ariel Seidman In an industry too often defined by vaporware and hype, it’s rare to find a crypto project actually getting paid by billion-dollar public companies. But that’s exactly what Hivemapper is championing — and it might just be the best answer crypto has to the eternal skeptic’s favorite question: “But what does crypto actually do?” “We've mapped now about 33 or 34% of the global road network in a little over two years,” said Hivemapper CEO and co-founder Ariel Seidman. “So one of the fastest growing map projects ever.” That kind of scale and pace would be impressive for any mapping startup, but Hivemapper has achieved it by leveraging the network effects that exist in...

Crypto doesn’t need another casino. What it needs—and frankly, what it’s already building—is infrastructure. And it’s happening quietly, without fanfare. The foundation is shifting beneath our feet. Not in trading apps, memecoins, or the churn of trendy protocols—but in private credit. Structured. Automated. Entirely on-chain. “One of the most important developments today is the rapid institutional pivot toward tokenization of real-world assets and the convergence of traditional finance with on-chain infrastructure,” says Matteo Pandolfi, Co-founder of Pareto. It’s an inevitable migration. Away from PDFs, batch settlements, and an army of intermediaries. Toward programmable cash. Smart contracts as infrastructure. Value that moves...

5 Steps To Protect Your Crypto Funds After the Coinbase Hack Recently, the American cryptocurrency exchange Coinbase found itself under attack by a squad of cyber criminals who, teaming with overseas Coinbase support agents, stole a small amount of customer information. While the information the criminals managed to gain access to was relatively small (Coinbase has described it as impacting less than 1% of their monthly transacting users), the info taken was used to trick those Coinbase users into giving up unspecified amounts of cryptocurrency. The criminals then attempted to extort $20 million from Coinbase to keep the breach silent, which Coinbase refused. Utilizing cryptocurrency exchanges obviously comes with this sort of risk...

Major Step Toward U.S. Stablecoin Bill; GameStop Doubles Down on Bitcoin The U.S. Senate passed its first significant vote 68-30 on the long-awaited stablecoin bill, bringing final approval within reach. This legislative momentum is mirrored in the House of Representatives, where a key crypto market structure bill cleared two essential committees on Tuesday. Plus, GameStop is raising another $1.75 billion for potential bitcoin purchases. This article has been published in CoinDesk via Yahoo News. https://finance.yahoo.com/video/major-step-toward-u-stablecoin-135314813.html

Spot ETH ETFs' 15-Day Inflow Streak Shows Institutional Confidence Ether rallied to as high as $2,867 in the past week following a soft U.S. CPI reading, a tentative pact between the U.S. and China, as well as the reignited confidence among institutional investors. Data tracked by Sosovalue shows spot Ether ETFs have recorded a 15-day streak of inflows since May 16th. Could the second largest crypto by market cap push for the $3,000 level last seen in February? This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/spot-eth-etfs-15-day-133909597.html

None GameStop Stock Extends Post-Earnings Decline on $1.75B Convertible Note Offering Key Takeaways GameStop (GME) shares are dropping 17% in premarket trading Thursday, a day after the video-game retailer announced a new fundraising effort. The company late yesterday said it was planning to offer $1.75 billion in convertible notes, with another $250 million open to those who buy in first. The announcement came a day after GameStop reported a 17% year-over-year decline in first-quarter sales, which caused shares to fall more than 5% in Wednesday trading. The new convertible note offering aligns with the retailer's previously stated plans to raise new money to allow it to buy bitcoin, after adding the cryptocurrency to its corporate...

Experts are still undecided on whether or not the constantly changing tariff landscape, imposed by President Donald Trump, is likely to kick the U.S. into a recession in the near future. [Billionaire Mark Cuban recently posted on the social media site X that it won’t affect all cities the same. Here’s who will be hit the hardest.] These Places Will Be Hardest Hit According to Cuban’s post on X, recessions will hit “small cities, towns and states” the worst. “And it won’t be pretty,” he wrote. The reason? These places are more dependent upon federal funds. In the wake of the formerly Elon Musk-led Department of Government Efficiency (DOGE), billions of federal funding cuts are likely to hit these places “disproportionately,” Cuban...

Matera, Circle tie up to support stablecoin-ready financial platform Matera, a financial technology provider, has reached a commercial alliance with Circle, the issuer of the USDC stablecoin. The collaboration establishes a native integration between Matera’s real-time banking infrastructure and USDC, a fully reserved digital dollar. The agreement enables interoperability between local currency accounts and USDC through Matera’s Digital Twin real-time ledger platform. This integration allows financial institutions to offer accounts with multiple currencies, including the Brazilian Real (BRL), US Dollar (USD), and USDC. Through this integration, local payment systems such as PIX can now be connected to the global liquidity provided...

PayPal seeks to launch USD stablecoin on Stellar PayPal has revealed plans to make its USD stablecoin, PYUSD, available on the Stellar network, pending regulatory approval from the New York State Department of Financial Services. The deployment is intended to capitalise on the network's attributes, including “fast, low-cost payments” to facilitate payments and financial services, the payments firm said in a statement. The Stellar network is known for its “speed, low transaction costs”, which could be leveraged by PYUSD to provide an alternative to networks such as Ethereum and Solana. The integration is expected to enhance PYUSD's utility for various financial operations, including cross-border payments and micro-financing. PYUSD...