Crypto News

AVAX Jumps 6% as Trump-Musk Tensions Fade and Institutional Momentum Builds Avalanche’s native token AVAX surged more than 6% in the last 24 hours, outpacing the broader crypto market as measured by the CoinDesk 20 (CD20) index, which rose 0.8% in the same period. AVAX’s price may have rebounded from political jitters and moved on the back of major developments in real-world asset (RWA) tokenization and institutional adoption. The token climbed from a low of $19.37 to $20.96, recovering from a wider market sell-off triggered by growing tensions between U.S. President Donald Trump and Tesla CEO Elon Musk earlier this week, which saw the former threaten to terminate government contracts for the latter, who in turn accused the president...

Don’t See This Crypto as a Risk? ‘You’re Dumb,’ According to Dave Ramsey Personal finance expert Dave Ramsey says a sole investment in bitcoin without seeing the risk is a dumb idea. He might not be entirely off the mark, either. Bitcoin is fundamentally volatile, but less so than many large and popular stocks such as Netflix (NFLX). Bitcoins’ realized volatility over a 90-day timeframe averaged 46%, while Netflix averaged 54%. However, while investors this year have been moving from gold to bitcoin, gold remains the better performer year-to-date — up 23.8%, according to Bloomberg — outperforming bitcoin and hitting a new all-time high earlier this year. Make Sure You Have Money To Burn From 2020 to 2024, bitcoin has been three to...

State of Crypto: How Crypto Legislation Is Advancing The House Financial Services Committee might mark up market structure legislation next week, while the Senate seems close to passing its stablecoin bill. The narrative Here's what's clear: There are bills and they will probably get votes next week. Here's what's unclear: What all lawmakers might need to get enough votes to actually advance these bills, and if they're there already or not. Why it matters The crypto industry has waited for years for Congress to pass legislation giving it some sort of regulatory clarity. Congress has taken a number of key steps this year already, but next week might see quite a few of these steps happen. Breaking it down Logistical details first...

4 Ways the Middle Class Uses Personal Loans to Their Advantage It might seem strange, but using personal loans can actually help you improve or better manage your financial health. In fact, there are plenty of ways folks in the middle class can use them to their advantage. Some of the best ways include growing your career and increasing your assets. Find out more below. Funding an Emergency Despite your best-laid plans, the unexpected happens. Even if you have a sizable emergency fund, it may not be enough for the life emergency you’re facing. Say you had to have surgery and you’re currently fighting with your insurance company to pay for some (or all) of the bill. In the meantime, you’re on the hook for tens of thousands of dollars...

Bitcoin is now trading at over $100,000, a far cry from where it was during the 'crypto winter' in 2022. - Dado Ruvic/Reuters "Should you invest in crypto now?" Much has changed in the crypto landscape over the past year and a half. And with it, so may more investors’ minds about cryptocurrencies — especially bitcoin, the (very young) granddaddy of them all. Crucially, crypto has gained greater acceptance among regulators and large institutional investors as an asset class that is likely here to stay. The Securities and Exchange Commission now regulates spot bitcoin and ethereum exchange-traded funds. Coinbase, the crypto currency exchange, is now on the S&P 500. Stablecoin provider Circle just went public. The Trump...

Image source: Getty Images. Key Points Aside from Bitcoin, few cryptocurrencies have benefited more than XRP from President Donald Trump's election win back in November. Now the fourth-largest cryptocurrency in the world by market value, XRP has blasted more than 330% higher (as of June 5). Trump's win ushered in a new regulatory regime for cryptocurrencies, one less focused on caution and more focused on growth. The win also removed several regulatory headwinds for XRP. After experiencing such a strong run built on several strong catalysts, should you still invest $1,000 in XRP today? Moving past regulatory issues and looking ahead The big catalyst for XRP was getting the U.S. Securities and Exchange Commission (SEC) off its...

Is Dogecoin Still Worth a Look? Key Points Dog-themed meme coins like Dogecoin can be funny diversions, but there's nothing funny about its gain of 7,300% during the past five years. Nor is there much to laugh about for investors who bought the coin at the peak of its popularity and have been deeply underwater ever since. The question for investors today is simple: After all that volatility, is this meme coin still worth thinking about buying? Surprisingly, the answer to that question is "yes," but that doesn't mean it's worth actually pulling the trigger. Why Dogecoin is worth understanding As the first meme coin to go to the moon, Dogecoin has a special place in the crypto ecosystem, as shown by its market cap of $28.5 billion...

AI and cloud services have already made their mark on the tech landscape, and the next iteration is taking shape: artificial intelligence software as a service, or AI SaaS. Simply put, it refers to the use of cloud technology to deliver advanced AI tools while minimizing cost and resource demands for end users. Confident Investing Starts Here: The cloud can already reach a wide range of customers, users who require high-end computing but can’t support the infrastructure themselves. Adding AI to the mix will put advanced functions – think machine learning and natural language processing – into the cloud’s toolbox. From a user perspective, putting AI tools into the subscription-based SaaS model will also give advantages in flexibility...

Image source: Getty Images. Crypto Treasury Companies Are Bullish on Bitcoin and XRP. But Don't Invest. Strategy (NASDAQ: MSTR) (formerly called MicroStrategy) famously pioneered the Bitcoin treasury concept, buying the crypto and holding it on the company's balance sheet. Now, a crop of start-ups promises to provide the same kind of leveraged exposure to select digital assets for anyone willing to buy their shares. But before you hand any treasury operator a dime, it's important to look at who really captures the value they're advertising, and to understand how the existence of these companies might be favorable for the coins you hold. Crypto treasuries are popping up like weeds In a nutshell, crypto treasury companies are...

Unlocking Bitcoin's Value For institutions holding Bitcoin as a strategic reserve, Elastos offers a way to generate liquidity without selling core holdings. “You can collateralize your Bitcoin on the Bitcoin network and then talk through BeL2 to a smart contract,” Sasha explained. BeL2 lets users lock Bitcoin directly on the Bitcoin chain and access smart-contract functionality elsewhere. Beginning next month, institutions will be able to mint a US dollar-pegged stablecoin backed by their Bitcoin collateral. This stablecoin can be used for treasury management, hedging, or operational funding, while the underlying Bitcoin remains secure and decentralized. Elastos also gives institutions a path to yield generation. Major mining pools...

Institutional Adoption of Crypto is Accelerating Institutional adoption of crypto is accelerating rapidly, and blockchain is becoming more than just a finance tool — it's transforming global industries. That’s the key takeaway from a new report by OKX and Blockworks Research, discussed by OKX US CEO Roshan Robert in a recent interview. “These are research findings that are based on interviews with industry experts, analysis from both OKX and Blockworks,” said Roshan. “There’s a whole lot of desktop research that has gone into this report, as well as industry surveys and studies. The respondents represent companies like Stanchard and Polygon and Google.” One of the report’s headline figures is that “around 59 to 60% of asset managers...

VanEck, 21Shares urge SEC to restore crypto ETPs 'first-to-file' rule VanEck, 21Shares, and Canary Capital wrote a joint letter addressed to U.S. Securities and Exchange Commission Chairman Paul Atkins, in which they urged the SEC to revert to its "first-to-file" standard for issuing exchange-traded products (ETPs). The companies contend that the recent change, which allows simultaneous approvals for crypto ETFs, including Bitcoin and Ethereum spot funds, has disrupted fairness, stifled innovation, and benefited large incumbents. The letter cites examples, such as the ProShares Bitcoin Futures ETF, which was granted a three-day head start in 2021 and rapidly captured nearly 90% of the market share. In January 2024, the SEC...

Crypto stocks bounced back on June 7 as both President Donald Trump and Tesla (Nasdaq: TSLA) boss Elon Musk retreated from their big, ugly feud from the previous day. Strategy Stock Movement Strategy (Nasdaq: MSTR), which had dipped around 6% yesterday, was trading at $375.01 at press time, up 1.69% a day. Helmed by Michael Saylor, the company is the largest public Bitcoin treasury company. Coinbase Gain The largest U.S. crypto exchange Coinbase (Nasdaq: COIN) had slipped as much as 10% the day before. The stock, which made it to the much-coveted spot on the S&P 500 in May, was trading at $254.31, up 4% a day. Robinhood Recovery The crypto and stock trading exchange Robinhood (Nasdaq: HOOD) dipped around 8% on the day of the feud. It...

AMC Entertainment (AMC) stock price history year-to-date AMC Entertainment Draws Bigger Crowds as Investor Confidence Fades AMC Entertainment (AMC) just posted its best Memorial Day weekend ever, setting new records for both ticket sales and concession revenue. But despite packed theaters and positive box office momentum, the stock has dropped more than 16% over the past week. The disconnect highlights a deeper issue: while strong movie turnout is encouraging, it’s not enough to offset the company’s underlying financial challenges. With lingering structural issues, ongoing meme-driven volatility, and more attractive opportunities elsewhere in the sector, I remain bearish on AMC for now. The Bright Spots There’s no denying that...

Musk-Trump Breakup Exposes Cracks in Wall Street’s Meme Casino (Bloomberg) -- It took less than a day for the great Donald Trump-Elon Musk split to reshape debates over billionaire power and influence in American capitalism. At another level, the breakup was a reminder of something else: the perils of personality-driven investing, a growing and lucrative business for the Wall Street bankers cranking out, rapid-fire, a never-ending array of new financial products. Few have done more to fuel these gambling spirits than the president and the world’s richest man. In a matter of hours, a loosely connected web of Musk-linked trades — and a few tied to Trump — cratered as the public feud escalated. Dogecoin sank 10%; a publicly traded fund...

Robinhood Extends Rally as Speculation Over S&P 500 Inclusion Grows Robinhood Markets Inc. shares extended gains into a sixth straight day as investors speculate that the online brokerage could become the latest firm to earn a coveted spot in the S&P 500 Index. Wall Street firms including Bank of America Corp. and Barclays Plc have called the company a top candidate to join the benchmark, a distinction that would spur passive funds to snap up its shares. The rebalancing is set to be announced after the close of regular trading Friday. Robinhood shares rose 3.3% in the session, bringing their gain to 17% over six trading days. “It does seem like the speculation about the stock being included in today’s S&P 500 announcement is having...

Markets Sink Amid Trump and Musk Tension On June 6, the overall cryptocurrency market cap decreased by 3.42% to $3.36 trillion, with losses concentrated in large-cap cryptocurrencies, including Ethereum (-5.4%), Solana (-8.7%), and Dogecoin (-13.3%), as per Kraken. Bitcoin remained stable, down only 1.8% to $104,002, with 24-hour trading volume at more than $41.8 billion. Altcoins across the board saw weekly losses exceeding 2%, with Cardano, XRP, and BNB all suffering notable declines. However, Bitcoin had a small gain of 0.3% over the last hour. BNB saw a 0.4% gain, while Solana had a similar hourly gain of 0.7%. Cardano saw the most significant hourly gain of 1.3% on the hourly bounce. Other cryptocurrencies, such as Dogecoin and...

X (Twitter) partners with prediction market Polymarket The social media platform X announced on June 6 that it has signed up the cryptocurrency-based prediction market, Polymarket, as its official partner. Headquartered in Manhattan, New York City, Polymarket is the world’s largest prediction market. Launched in 2020, the platform lets investors place bets on a number of events, such as political phenomena, economic news, sports, entertainment, etc., using cryptocurrency. X, owned by the billionaire tycoon Elon Musk, is easily the most popular social media platform among the crypto community. While the community has hoped for years for X to directly integrate crypto payments into its social platform, it can certainly live with this...

Circle Internet Group Inc. (NYSE: CRCL), the crypto company behind the USDC stablecoin, continued its meteoric rise on June 6. At press time, CRCL is priced at $115, up by over 25% in the last 24 hours, briefly touching $100. The price surge followed a spectacular IPO debut the day before, when shares opened at $69, 124.19% above the IPO price of $31. Fueled by strong demand from institutional investors, Circle raised $1.1 billion through its public offering and increased the number of shares sold from 24 million to 34 million shares—a significant increase for investors. Its valuation on a fully diluted basis stands at more than $22 billion at press time. The initial public offering was underwritten by a group of financial giants...

Apple, Google, Airbnb, and X are reportedly eyeing stablecoin payments Apple, Google, Airbnb, and Elon Musk's X are allegedly in preliminary talks with companies in the cryptocurrency space to assess transitioning to stablecoins. These companies are considering the use of stablecoins as a cost-saving measure for payment processing and achieving high-level efficiencies in international transactions. As per a report, the renewed interest stems from the shifting regulatory landscape under President Donald Trump and his pro-crypto approach to digital assets. There have been numerous attempts by tech giants to carve out a niche in the crypto space, only to be hindered by regulatory concerns. Things are moving in a different direction now...