Crypto News

Image source: Getty Images. Bitcoin Hedge Theory Meets a Harsh Boardroom Reality: Key Points The Bitcoin (CRYPTO: BTC) whitepaper compared the cryptocurrency to physical gold in 2008. Seventeen years later, the cryptocurrency seems ready to take on a more gold-like role in the global economy. But it's not all good news. A couple of tech giants have demonstrated that the traditional business world still lags behind in embracing Bitcoin as a long-term general asset. Here's what crypto investors need to know about this development. How Bitcoin Earned Its Wall Street Stripes The Bitcoin platform has earned some Street cred in recent years. There are many reasons to treat Bitcoin as an effective market hedge nowadays. The largest and...

Fart-powered joke tokens suddenly weren’t so funny for crypto traders on Tuesday. A basket of the largest Pump.fun ecosystem tokens faded from recent highs after Blockworks reported the Solana-based launchpad is pitching a $1 billion token sale that would value the project at roughly $4 billion. Sources told Blockworks the sale could close within weeks, though details on tokenomics remain scarce. Tokens launched on the platform slipped amid the news. Fartcoin (FARTCOIN), the largest Pump-launched token by market capitalization, dropped 7%. Peanut the Squirrel (PNUT), Moo Deng (MOODENG) and Goatseus Maximus (GOAT) gave back as much as 6%, while Alchemist AI (ALCH) — the big gainer on Monday — flipped red after an early 25% pop. The...

Michael Saylor's Iconic Orange Tie Strategy, formerly MicroStrategy, co-founder and executive chairman Michael Saylor is among the most popular Bitcoin advocates in the corporate world. It's hardly surprising, given his firm began acquiring Bitcoin as early as 2020 and is today the world's largest public corporate holder of the king coin. Strategy holds 580,955 BTC worth $61 billion at the time of writing. This year, Saylor has also been teasing his sartorial side, with a particular liking for the orange tie. He wore an orange tie even when he visited Washington, D.C., in January. This isn't incidental, as Saylor is orange-pilled. In the superhit "The Matrix" film franchise, “red-pilled” means waking up to a hidden or unconscious...

Rails launches perps-only crypto exchange in the U.S. with $14 million in new funding to build a better FTX A new type of crypto exchange called Rails is launching in the U.S. this week. Backed by $20 million in funding, including $14 million in new token warrants, Rails aims to stand out in a crowded field by offering U.S. traders a popular but hard-to-access type of asset: perpetual futures, or perps. Perpetual futures are a crypto-specific type of derivative and have been offered for years at offshore exchanges, but not in the U.S. until recently due to regulatory uncertainty. In an interview, Rails cofounder and CEO Satraj Bambra said the new exchange decided to launch perps in the U.S. after consulting with lawyers and working...

New York has always been the money capital of the world — home to Wall Street, the New York Stock Exchange, and just about every major bank and fund that matters. Now crypto is officially part of that story. Since the launch of the first Bitcoin ETFs last year, legacy institutions have gone all in. Fidelity rolled out crypto IRAs. JPMorgan is in talks to launch its own stablecoin. And just about every big-name platform now offers Bitcoin to the same investors who’ve been buying stocks and bonds for decades. Adams’ history with Bitcoin Adams has long been an advocate for digital assets, since before he was elected. He even accepted his first three paychecks as mayor in Bitcoin in 2022, a promise he had made on the campaign trail in...

Famed “Shark Tank” investor Barbara Corcoran has some strong advice about investing that flies in the face of traditional thinking. Unlike most financial experts, Corcoran believes that diversification is not the best path to building wealth. Perhaps even more controversially, she’s also against the general concept of savings. Here are Corcoran’s explanations of her non-traditional views, along with a look at whether or not you should take her advice. What Does Corcoran Say About Diversification? Diversification is one of the cornerstones of basic investment advice. The theory is that by combining non-correlated assets — or those that don’t move up or down in price at the same time, like gold and stocks — you can reduce the...

Image source: Getty Images. Key Points With nearly $12 trillion in assets under management, BlackRock is one of the world's largest investment firms. As a result of its scale, it has introduced numerous exchange-traded funds (ETFs) to the market. Perhaps none have been more successful in such a short period of time than one that was launched early in 2024. Investors that are bullish on its underlying asset should be extremely intrigued. In fact, one prominent billionaire's forecast implies that this BlackRock ETF could soar 12,400% during the next 20 years. Bullish on Bitcoin In the past decade, Bitcoin has soared 46,760% (as of June 2). This likely makes it the single-best-performing asset during that time. Today, its price sits...

Summer may still be a few weeks away on the calendar, but the unofficial start to the season has already arrived, bringing with it a surge in consumer confidence. The Consumer Confidence index showed a sharp spike in May, jumping more than 12 points to a reading of 98.0. That marks a strong turnaround from April, when the index fell to its lowest level in nearly 14 years. Confidence was up after April economic data showed slowing inflation along with improvements in the jobs market. That brings us to a recent note from Goldman Sachs, in which the market intelligence team gives an upbeat outlook on the current situation, pointing out that the US economy “remains resilient.” Goldman’s stock analysts are running with this thesis, and...

XRP was little changed over the past 24 hours, rising from $2.194 to $2.264 and defying the broader digital asset market’s uncertainty. The token’s rally comes amid intensifying global trade tensions, with major economies implementing new tariffs that have rattled markets. Despite these headwinds — and a second consecutive week of institutional outflows totaling $28.2 million as reported by CoinShares — XRP has shown resilience, underscoring its potential utility in cross-border payments. The U.S. government’s Digital Asset Stockpile, announced in March 2025 and which includes XRP, continues to provide a solid fundamental backdrop even as price consolidation tests investor confidence. News Background Technical Analysis Recap This...

Zodia Custody, the crypto custodian backed by big banks like Standard Chartered and SBI, will handle the safekeeping of tokenized emeralds through a partnership with GEMx, a Swiss fintech company that specializes in blockchain-based co-ownership of the precious stones. The partnership allows access to the gemstone market through the EmGemX token, a way for institutional investors to receive fractional ownership in a diversified portfolio of high-quality emeralds, according to a press release on Wednesday. The tokenization of real-world assets (RWAs) is bringing the blockchain world closer to traditional finance. In this case, physical emeralds, which have seen an average annual appreciation of around 9%, are stored in vaults and...

Image source: Getty Images. Where Will XRP (Ripple) Be in 3 Years? The beginning of President Donald Trump's second term has signaled a more relaxed regulatory environment for cryptocurrencies. Trump has already ordered the establishment of a strategic government reserve for Bitcoin and a stockpile for other digital assets. XRP (Ripple) is also a potential winner. Federal regulators recently dropped their appeal against XRP's developer, Ripple Labs, after the courts ruled mostly favorably for Ripple Labs in a lawsuit that started in 2020. Now, XRP faces its most straightforward path to broader adoption in recent memory. What does that mean for the crypto's price? I think XRP could reach new all-time highs, pushing to the $4 mark...

Pi Price Prediction - What Could Affect Pi Future Price? 1. Project-Specific Catalysts 2. Market & Competitive Landscape 3. Technical Outlook 4. Macro & Regulatory Factors 5. Sentiment & Social Metrics PI’s price hinges on balancing migration-driven supply increases with ecosystem growth. While technicals and unlocks pose near-term risks, progress in app development or major exchange listings could stabilize prices. Will Pi’s phased migration strategy succeed in aligning supply with organic demand? What Are People Saying About PI? 1. Sentiment Overview Bearish sentiment prevails (60% negative, 30% neutral, 10% bullish) as PI trades 73% below its February $3 peak. Short-term traders cite: - Token unlocks: 276M PI ($176M)...

Bitcoin Traders Are Watching These Levels for Cues on Downside Risk Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side. Bitcoin BTC hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH, Cardano’s ADA ADA, dogecoin DOGE, and XRP XRP showed returns under 1%. Overall market capitalization declined 1.8%. Nick Ruck, director at LVRG Research, said the market’s shift in sentiment reflected a sense that trade tensions and the drag on risk assets may have been priced in. “While the U.S. economy shows signs of contraction, investors are optimistic on...

Image source: Getty Images. Bitcoin valuation models There are a number of different ways to come up with a price of $1 million for Bitcoin. One popular approach is to look at current Bitcoin adoption rates around the world and then extrapolate how fast Bitcoin could grow over the next decade. The more use cases you can find for Bitcoin, and the faster that Bitcoin grows, the higher the price target becomes. Or, you could choose to compare Bitcoin to a specific asset and then assume that the valuation gap between Bitcoin and that asset will narrow over time. Right now, the asset that everyone is using for comparison is physical gold, which has an approximate market valuation of $20 trillion. If Bitcoin grows from a $2 trillion...

Michael Saylor’s bitcoin imitators are multiplying, from Trump to GameStop Michael Saylor’s imitators are multiplying fast. Dozens of publicly traded companies, a media firm controlled by President Trump’s family, and meme stock poster child GameStop (GME) are all piling into a bet that Saylor used to turn a business intelligence software firm into a bitcoin juggernaut called Strategy (MSTR). The blueprint developed by Saylor is to use a combination of debt and equity to add bitcoin to a company’s balance sheet — and lots of it. Since Saylor first announced his plans to do so in August 2020, Strategy has amassed more than 580,000 bitcoins currently worth $40.6 billion and become the largest corporate holder of the world’s largest...

Bitcoin: Entity-adjusted realized profits. (Glassnode) Bitcoin Profit Taking Speeds Up Post Golden Cross, Hourly BTC Cashouts Top $500M, Blockchain Data Show Bitcoin BTC holders have increased their profit-taking activity since the cryptocurrency's price averages flashed a key bullish signal two weeks ago. BTC's 50-day simple moving average (SMA) crossed above its 200-day SMA on May 22, confirming a golden cross – a technical indicator signaling bullish long-term momentum, according to data from TradingView. On the same day, bitcoin's price hit a record high above $111,000, according to CoinDesk data. Still, holders are increasingly locking in gains rather than holding for further upside, according to on-chain data tracked by...

U.S. President Donald Trump’s Social Media Firm Truth Social To Launch Spot Bitcoin ETF NYSE Arca, which is part of the New York Stock Exchange, has filed paperwork with the Securities and Exchange Commission (SEC) to launch a fund issued by U.S. President Donald Trump’s media company Truth Social. On Tuesday, the exchange filed a 19b-4 document with the SEC for a fund that would track the price of bitcoin BTC, similar to the already existing spot bitcoin exchange-traded funds (ETFs). The filing was made on behalf of crypto asset manager Yorkville America Digital, which is a partner of Trump Media & Technology Group, the owner of Truth Social. The custodian for the fund, if approved, would be Foris DAX Trust Company, which also...

(CoinDesk) Good Morning, Asia: ETH On-Chain Metrics Signal Potential Bull Run Ahead Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. Keep an eye on ETH, is what fund manager March Zheng is telling investors. As Asia begins its business day, ETH is trading above $2,500, down 0.4%. While this might not seem like a lot in the volatile world of crypto, ETH has defied the odds and is up 40% on-month, which is impressive because its performance is only matched by memecoin stalwarts like PEPE, and Decentralized Finance lending protocols like AAVE. The latter's performance has helped push up Total Value Locked (TVL) in Ethereum past $60 billion. Zheng, the...

Image source: Getty Images. Key Points Investing in real estate can be a great way to make passive income. There are lots of options, including buying a rental property. While investing in rental properties can be lucrative, it requires more work than other strategies. An easy way to make passive income from real estate is to invest in real estate investment trusts (REITs). These entities own portfolios of income-producing rental properties. REITs distribute most of the rental income they produce to investors via dividends, providing them with effortless passive income. Here are three top REITs to buy this June for super easy passive income. Agree Realty Agree Realty (NYSE: ADC) focuses on acquiring and developing high-quality...

Trump-owned Truth Social Files for Bitcoin ETF NYSE Arca has submitted a proposed rule change to the Securities and Exchange Commission (SEC) under Rule 8.201-E to list and trade the Truth Social Bitcoin exchange-traded fund (ETF), a filing on June 4 mentioned. Truth Social is a social media platform owned by Trump Media & Technology Group, or TMTG (Nasdaq: DJT), the media and tech company majority-owned by President Donald Trump. A spot Bitcoin ETF is a financial product that trades on traditional stock exchanges and seeks to track the spot price performance of BTC. It gives investors exposure to Bitcoin without the need for them to directly own the cryptocurrency. Managed by Yorkville America Digital, LLC, Truth Social's Bitcoin...