Crypto News

BlackRock's Mitchnick on the Outperformance of 'IBIT' BlackRock Inc.'s iShares Bitcoin Trust posted its largest-ever monthly inflow in May, as the original cryptocurrency climbed to a record while being touted by more proponents as an alternative store of value. BlackRock Head of Digital Assets Robert Mitchnick has more on the story. This article has been published in blackrock.com via Yahoo News. https://finance.yahoo.com/video/blackrocks-mitchnick-outperformace-ibit-194548170.html

Circle chairman and CEO Jeremy Allaire on the floor of the New York Stock Exchange on June 5. (AP Photo/Richard Drew) Circle stock gains 7%, extends gains for third day in a row since blockbuster IPO Circle's (CRCL) stock surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped as much as 15% before paring gains to close at $115 per share, a premium of 270% above its debut IPO price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle's IPO success comes amid bullish momentum in the crypto space, including the Trump...

A pseudonymous crypto analyst Kaleo, who refers to his trade moves as a 'degen' investor, is making a bullish bet on Riot Platforms (RIOT), a big US Bitcoin miner, in a high-stakes options trade. On May 28, the trader made a succession of posts that are now going viral. In the post, the trader showed off a self-proclaimed "degen experiment," wherein tens of thousands of dollars are funneled into out-of-the-money (OTM) call options — high-risk wagers that Riot's stock will surge to well above current levels. The core idea? With Bitcoin running and the potential to smash new all-time highs, stocks like Riot may have explosive upside to go with it. "If it does, it moves fast," wrote the trader, referring to previous cycles where Riot...

Nasdaq confirms XRP, SOL, ADA, and XLM in benchmark index via new SEC filing Nasdaq has officially filed an SEC Form 8-K for the Hashdex Nasdaq Crypto Index US ETF, confirming it has reconstituted its benchmark index to include four new digital assets: Cardano (ADA), Solana (SOL), Stellar Lumens (XLM), and XRP. These coins are now part of the Nasdaq Crypto US Settlement Price Index (NCIUS), which the ETF uses as its benchmark. According to the filing dated June 2, this update marks a significant step toward broader crypto representation in institutional investment products. However, despite the change, the Trust will continue to hold only Bitcoin and Ethereum for now, due to its existing listing restrictions. The update was...

Institutions Want More Than Crypto Yield — They Want Control, Says Formidium Exec As Bitcoin and other digital assets inch further into the mainstream, institutions aren’t just asking about yield — they’re asking about control. “These are the two questions that keep repeatedly coming up,” said Harsha Patwardhan, head of sales at Formidium in an interview. “Are my assets safe, and how much are my assets worth?” Formidium is not a custodian, but it plays a critical role in the digital asset stack: providing institutional-grade reporting, valuation, and visibility. While custody ensures the safekeeping of assets, Formidium ensures you know exactly what you own, where it’s held, and what it’s worth—in real time. “We have API connectivity...

Coinbase's Transaction Fees Improve: Will it Accelerate Growth? Coinbase Global Inc. COIN generates the bulk of its revenues from transaction fees, its biggest but most volatile income source. Transaction revenues, which contribute over 50% of COIN’s top line, are closely tied to trading volumes and are primarily earned from spot trades executed by both retail and institutional customers on its platform. International revenues comprised mainly transaction revenues. Transaction revenues increased 18.2% year over year to $1.3 billion in the first quarter of 2025, driven by a 26% increase in trading volume, which reflected both broader market momentum and Coinbase’s rising market share in the United States. For the second quarter of 2025...

Bitcoin’s Rally Means All of Strategy’s Purchases Are Profitable The recent mini rally in Bitcoin (BTC-USD) has made all purchases of the cryptocurrency by Michael Saylor’s company, Strategy (MSTR), over the past four-plus years profitable. The firm announced earlier that it had acquired an additional 1,045 tokens for $110.2 million from June 2 to June 8, averaging $105,426 each. Bitcoin was up about 1.7% to $108,022 as of 12:39 p.m. in New York, with a climb of around 7.5% since June 5. Strategy has made approximately 70 separate purchase announcements since Saylor began investing the enterprise software maker’s funds into Bitcoin in 2020. This includes 15 purchases of $1 billion or more each. As Bitcoin's price fluctuated, many of...

Elon Musk has officially left the Department of Government Efficiency (DOGE), but stated his team’s work will continue in reducing government waste and fraud. He made the announcement on X May 28 writing that DOGE will get stronger “over time.” The Long Game While $180 billion isn’t the initial goal, it can be beneficial in the long run, but don’t expect immediate relief, said Danny Ray, founder of PinnacleQuote. “For the short term, inflation still eats into your grocery bill,” he explained. “Insurance costs keep creeping up. But over time, if — and that’s a big if — DOGE’s mission stays on course, we might see fewer taxes, reduced national debt pressure and less waste on bloated programs.” “Over time” really means it’s not what you...

Circle chairman and CEO Jeremy Allaire on the floor of the New York Stock Exchange on June 5. (AP Photo/Richard Drew) Circle stock surges 15%, extends gains for third day in a row since blockbuster IPO Circle's (CRCL) stock surged for a third day in a row on Monday following its blockbuster IPO last week. Shares of the stablecoin issuer jumped more than 15% to trade near $122, nearly 300% above the debut price of $31. The surge builds on gains from the previous two trading days, including an intraday surge of over 200% last Thursday shortly after the company's highly anticipated market debut. Circle's IPO success comes amid bullish momentum in the crypto space, including the Trump administration's push for a friendly framework...

Strategy Adds 1,045 Bitcoin After $112M Stock Sale MicroStrategy Inc., now operating as Strategy, has announced a significant update regarding its capital-raising and Bitcoin purchase plans in a newly filed Form 8-K. During the period from June 2 through June 8, 2025, Strategy sold an aggregate of approximately $112.2 million worth of two classes of preferred stock — STRK and STRF — pursuant to at-the-market (ATM) offerings. The company sold 626,639 shares of STRK, resulting in net proceeds of $66.4 million, and 432,679 shares of STRF, resulting in net proceeds of $45.8 million. Notably, no new common stock (MSTR) was issued during this period, with $18.63 billion of capacity remaining available under the common ATM program. From...

ATOM, the token of the Cosmos ecosystem, experienced volatility over the past 24 hours, with the price ranging 2.76% and peaking at $4.327. Strong resistance emerged around that level, with high trading volume creating a rejection zone that prevented further advances, according to CoinDesk Research's technical analysis model. The Cosmos ecosystem, a network comprised of many independent blockchains, continues expanding its cross-chain capabilities through the Eureka upgrade, which kicked in April, enabling seamless communication with the Ethereum blockchain. Institutional developments, including Bitbank's ATOM listing with promotional fee structures and Canary Capital's exploration of a Cosmos-backed ETF, also provided support...

Coinbase Alum-Founded Turnkey Raises $30M Series B to Grow Engineering Team Crypto wallet infrastructure company Turnkey has raised $30 million in Series B funding led by Bain Capital Crypto. Turnkey, which was co-founded by former Coinbase employees Bryce Ferguson and Jack Kearney, aims to help developers build user-friendly wallets using application programming interfaces (APIs). This can help wallets become more streamlined and easy to use, according to Ferguson. "If you want people outside of tech enthusiasts to use crypto, you need to make crypto wallets as easy and secure as popular payments apps like Venmo or CashApp," he said in an emailed comment. The company counts prediction market platform Polymarket, non-fungible token...

None Circle Internet Group Stock Remains in High Demand After IPO Investors' demand for shares of Circle Internet Group (CRCL) shows no early signs of slowing down. Last Wednesday, the USDC stablecoin issuer priced its upsized initial public offering (IPO) at $31 per share, above its expected range of $27 to $28. The stock opened Thursday on the New York Stock Exchange (NYSE) at $69 and finished at $83.23—168% above its IPO price. The surge continued Friday, with shares jumping nearly 30% to close at $107.70, and the stock was up a further 17% shortly after the opening bell Monday. USDC is the seventh-largest cryptocurrency, with a market cap of about $61 billion. Bitcoin, the largest cryptocurrency with a market cap of roughly...

Image source: Getty Images. 3 Cryptocurrency Investor Trends You Need to Know for the Second Half of 2025 Key Points It's been a strange year for the crypto market. After a hot start to 2025, every major cryptocurrency continues to be whipsawed by the constant ups and downs of tariffs and global trade. What can investors expect in the second half of the year? According to the new Motley Fool Money 2025 Cryptocurrency Investor Trends Survey, investors remain bullish on the future prospects of crypto, especially Bitcoin (CRYPTO: BTC). Let's take a closer look. Bitcoin could double in value in 2025 Bitcoin has been front and center throughout the year. Even with the volatility of the current tariff situation, investors remain very...

Crypto Funds' Assets Hit Record High as Investors Hedge and Diversify Assets held in crypto funds reached a record high in May as easing trade tensions increased risk appetite, and some investors used digital currencies to hedge against market volatility and diversify from their U.S. holdings. Morningstar data on 294 crypto funds shows they attracted $7.05 billion in net inflows last month, the highest since December, bringing total assets under management to a record $167 billion. Nicolas Lin, CEO of fintech firm Aether Holdings, noted bitcoin is "starting to come into its own again," not just as a high-volatility asset, but as something that more investors are using to hedge their exposure. Bitcoin has gained more than 15% over...

Bitcoin Climbs as Trump-Musk Drama Fades Bitcoin gains momentum as the dispute cools down between President Donald Trump and Elon Musk. Milei Cleared Over LIBRA Promo Should Argentine President Milei take responsibility for LIBRA Promotion? This article has been published in coindesk.com via Yahoo News. https://finance.yahoo.com/video/bitcoin-climbs-trump-musk-drama-113913785.html

Is First Trust Capital Strength ETF (FTCS) a Strong ETF Right Now? The First Trust Capital Strength ETF (FTCS) was launched on 07/06/2006 and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Blend category of the market. What Are Smart Beta ETFs? The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market. Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-cost, convenient, and transparent way. On the other hand, some investors who believe that it is possible to beat the market by...

Image source: Getty Images. Key Points For decades, international payments have been routed through the SWIFT network, which is a messaging system that connects thousands of banks. SWIFT transactions can take days, sometimes weeks, because of intermediary banks, currency conversions, and messaging delays. The main users, banks, need to carry liquidity buffers to cover the risk of those issues. This means that using SWIFT, which stands for Society for Worldwide Interbank Financial Telecommunication, comes with a capital burden for banks. XRP is a cryptocurrency designed for moving value from A to B almost instantly and for minimal fees. Banks facing faster-payments mandates and cross-border fee pressure now have a tool that settles...

A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance. Investors who prioritize stability may miss out on higher-reward opportunities elsewhere. Luckily for you, StockStory helps you navigate which companies are truly worth holding. That said, here is one low-volatility stock that could offer consistent gains and two stuck in limbo. Two Stocks to Sell: Accel Entertainment (ACEL) Rolling One-Year Beta: 0.91 Established in Illinois, Accel Entertainment (NYSE:ACEL) is a provider of electronic gaming machines and interactive amusement terminals to bars and entertainment venues. Why Does ACEL Worry Us? Accel Entertainment’s stock price of $11.28 implies a valuation ratio of 12.2x forward...

Image source: Getty Images. Forget Dogecoin. If You Want a Low-Cost, High-Upside Cryptocurrency, Buy XRP Instead Key Points Now that Elon Musk is finally leaving the Trump administration, it's time to forget about Dogecoin (CRYPTO: DOGE). While there was hope earlier in the year that the billionaire tech titan might be able to help push up the price of this meme coin, that simply hasn't happened. For the year, Dogecoin is down a whopping 40%. But all hope is not lost. There are plenty of other options if you are looking for a low-cost, high-upside cryptocurrency. My favorite pick right now is XRP (CRYPTO: XRP), which is up a modest 6% for the year. Here's why you should consider it for your portfolio. Utility coin vs. meme coin...