Crypto News

Amberdata co-founder and chief operating officer Tongtong Gong says, “I no longer look at price anymore.” Full-spectrum view of the crypto economy Gong argues that investors need to move beyond candlesticks and pull together a web of interconnected metrics. She begins with on-chain activity, where raw transaction volumes and protocol adoption rates reveal whether real demand is growing. Miners’ operations follow closely behind, offering a live read on network security and the tempo of new coin issuance. Leverage in DeFi lending and borrowing protocols, Gong says, provides a window into market-wide risk appetite and liquidity demand. Equally important is tracking order-book depth across centralized exchanges to learn how easily large...

Tether Invests in Chilean Crypto Exchange Orionx to Drive Latin American Adoption Stablecoin issuer Tether has announced a strategic investment in Orionx, a cryptocurrency exchange based in Chile that operates in Peru, Colombia, and Mexico. The investment closes Orionx's Series A raise, which was led by Tether. The exchange also raised an undisclosed amount in 2023 in a round led by Bitfinex, Tether's sister company. Tether will use the investment to enhance its presence in Latin America, a region that has the second-highest proportion of unbanked adults. The region also received nearly $415 billion worth of crypto in one calendar year until June 2024. “By closing Orionx’s series A round, we are not only supporting a high-impact...

Kraken Unveils White-Glove Prime Brokerage Service for Crypto Institutions Global cryptocurrency exchange Kraken has unveiled a prime brokerage service for institutional crypto traders, offering best execution, deep liquidity, financing and 24/7 white-glove support. Kraken Prime offers access to liquidity representing over 90% of the digital asset market across more than 20 global venues, with round-the-clock support from an experienced account management team, according to a press release. Trades can be executed directly from qualified custody managed by Kraken Financial, a U.S. state-charted bank. The platform also supports asset-backed lending, T+1 credit facilities and a seamless integration with both on and off-platform...

ETH Holds Above $2,600 After Spot ETF Demand Ignites Bullish Breakout Ether extended its rally Monday as institutional demand surged and exchange supply dropped to a multi-year low. The asset climbed as high as $2,650.18 before easing to around $2,617, where it currently trades, according to CoinDesk Research's technical analysis data model. Despite the minor retracement, ETH remains one of the best-performing major tokens this week, supported by $321 million in fresh inflows into ether-linked investment products. That’s the strongest weekly inflow figure since December, reflecting mounting investor confidence in ether's long-term value. Analysts also highlight a drop in ETH held on centralized exchanges, which suggests a...

RedotPay Partners with Circle to Support Crypto-to-Fiat Transfers Crypto payments firm RedotPay has teamed up with Circle to join the Circle Payments Network (CPN) and power payments into Brazil. The move facilitates the direct transfer of cryptocurrency into Brazilian bank accounts, with an automatic conversion to Brazilian Real (BRL) upon receipt. The CPN serves as a global connector for financial institutions, providing the infrastructure necessary for executing cross-border payments with the advantage of real-time settlement. The company aims to improve the accessibility of global payments by offering reduced transaction costs and bypassing the traditional settlement period. RedotPay CEO and co-founder Michael Gao said: “By...

Image source: Getty Images. Should You Buy Dogecoin While It's Less Than $0.25? Key Points The loose regulatory nature of the cryptocurrency market has led to an influx of meme coins, cryptocurrencies that lack meaningful real-world utility but can attract investors due to their appeal as a joke, because they are affiliated with someone or something popular, or for some other superficial reason. Dogecoin (CRYPTO: DOGE) is the original meme coin. It was created as a joke, but Dogecoin's price has risen by more than 50,000% since 2014. Those returns are no joke. It's been a volatile journey, though. Dogecoin is currently on a slide, having dropped to less than $0.20 after soaring to more than $0.46 in late 2024. With Bitcoin...

Is Invesco Leisure and Entertainment ETF (PEJ) a Strong ETF Right Now? A smart beta exchange traded fund, the Invesco Leisure and Entertainment ETF (PEJ) debuted on 06/23/2005, and offers broad exposure to the Consumer Discretionary ETFs category of the market. What Are Smart Beta ETFs? The ETF industry has traditionally been dominated by products based on market capitalization-weighted indexes designed to represent the market or a particular segment of the market. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency. However, there are investors who would prefer to invest in smart beta funds; these track...

A smart beta exchange traded fund, the ProShares Russell 2000 Dividend Growers ETF (SMDV) debuted on 02/03/2015 and offers broad exposure to the Style Box - Small Cap Value 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. Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency. But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option...

Image source: Getty Images. 4 Reasons Bitcoin Could Soar in June Key Points People love round numbers, and Bitcoin (CRYPTO: BTC) is a notable one, having reached $100,000 late in 2024. After some volatility, something you'll see occasionally when you invest in cryptocurrencies, Bitcoin has recrossed the $100,000 mark and is up 8% during the past month alone. Where Bitcoin's price goes tomorrow, or next week, is anyone's guess. However, some exciting catalysts are lining up at the right time that could send Bitcoin's price higher. Here are four reasons Bitcoin could soar in June. 1. Investor enthusiasm has risen since Bitcoin's price hit $100,000 It's remarkable to think about how far Bitcoin has come. Bitcoin's price crossed...

Official White House photo by Joyce N. Boghosian. President Donald Trump Just Delivered Great News to Bitcoin Investors Key Points President Donald Trump's election victory in November has turned into a favorable scenario for crypto investors, particularly those who invest in Bitcoin (CRYPTO: BTC). Since Trump's win last November, Bitcoin has increased by almost 60% (as of May 29) and has surpassed $111,000 on several occasions. Trump's administration is pro-crypto, appointing advisors with similar views and placing the former head of a financial and crypto consulting firm at the helm of the Securities and Exchange Commission. Trump also announced the formation of a U.S. Strategic Bitcoin Reserve to manage Bitcoin currently in...

Image source: Getty Images. Key Points Dogecoin (CRYPTO: DOGE) was founded as a joke by two friends in 2013 who used the famous "Doge" meme as inspiration. Little did they know, it would go on to reach a peak of $0.73 per token in 2021, which translated to an eye-popping market capitalization of almost $90 billion. A lot of that value was created on the back of Elon Musk's support, which has been ongoing since 2019. In fact, Dogecoin's most recent rally was sparked by Musk's involvement in the Trump administration, where he temporarily ran an external government agency with a name that references the meme token. But Musk's time at the White House has officially come to an end, so investors might be wondering what to do next. Is...

Image source: Getty Images. Key Points Data is Wall Street's currency, and there's an abundance of it to go around. Between earnings season -- the six-week stretch each quarter where most S&P 500 companies report their operating results -- and economic data releases, there's an almost overwhelming amount of information for investors to absorb. Occasionally, something important can fall through the cracks. For example, May 15 marked the deadline for institutional investors overseeing at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission -- and you might have missed it. This filing, which is due no later than 45 calendar days following the end to a quarter, details which...

(CoinDesk) Asia Morning Briefing: Crypto Industry 'Unprepared' For Quantum Threat Says Analyst Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a summary of top stories during U.S. hours and an overview of market moves and analysis. Bitcoin BTC is trading around $106,402.39 as Asia begins its trading day, up roughly 0.9%, recovering slightly from a weekend decline attributed to significant outflows from spot Bitcoin ETFs and increased geopolitical uncertainty. The largest digital asset by market cap had previously dropped 2% from $105,987 to $103,748 amid notable trading volume spikes, influenced by $616 million in ETF outflows, marking the end of BlackRock's iShares Bitcoin Trust's...

Crypto Lobbyists Urge U.S. Senators to Dodge Distraction in Stablecoin Debate The U.S. Senate's stablecoin bill is heading back into the final days of floor debate, and the crypto industry's Washington lobbyists are calling for senators to stay focused on the task even as other legislative efforts muscle into the debate. If the bill clears those potential obstacles and passes this week, it'll mark the first time a major piece of crypto legislation has cleared the Senate. The Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act The GENIUS Act is the Senate's much-revised effort to regulate the issuers of stablecoins — the steady tokens generally based on the value of a U.S. dollar, such as Tether's USDT and...

Frank Holmes told TheStreet Roundtable that disciplined accumulation is key amid Bitcoin’s volatility. “I think you just got to have the discipline of buying the dip and stocking the Bitcoin,” he said. “It doesn’t matter if you bought a thousand dollars worth of Satoshis. A lot of people don’t realize that one Bitcoin is a hundred million Satoshis.” Holmes explained that purchasing even a fraction of a Bitcoin by HODLing Bitcoin ETF is equivalent to buying millions of Satoshis. “If you go to Robinhood and buy a thousand dollars worth of HODL Bitcoin ETF, you’re really buying about a million Satoshis,” he said. Macro drivers behind the dip On a broader level, Holmes pointed to money-supply data in China and India as a leading...

NextEra Energy (NEE) Stock Dips While Market Gains: Key Facts In the latest market close, NextEra Energy (NEE) reached $70.15, with a -0.69% movement compared to the previous day. This change lagged the S&P 500's 0.41% gain on the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq increased by 0.67%. Shares of the parent company of Florida Power & Light Co. have appreciated by 5.29% over the course of the past month, outperforming the Utilities sector's gain of 1.43% and lagging the S&P 500's gain of 6.13%. The upcoming earnings release of NextEra Energy will be of great interest to investors. The company is expected to report EPS of $0.99, up 3.13% from the prior-year quarter. Additionally...

As the crypto market sees a flurry of exchange-traded fund (ETF) filings following the greenlight for Bitcoin and Ethereum ETFs, Polygon co-founder Sandeep Nailwal says the network has no intention of joining the rush — at least not anytime soon. “Most of the crypto companies are filing for these ETFs, while most of them know that it's not going to be approved for the next 3-4 years,” Nailwal said in a conversation with TheStreet. “They are not that decentralized, they are not that trustless and all that.” Rather than spending millions in lobbying and legal fees to push for a token-backed ETF, Nailwal said Polygon’s strategy is to focus on product development and user growth. The U.S. Securities and Exchange Commission (SEC) is...

None Key Points Following the end of each calendar quarter, institutional investors are required by the Securities and Exchange Commission (SEC) to file a Form 13F. A 13F serves as a public ledger, breaking down which stocks the "smart money" on Wall Street bought and sold during the most recent quarter. For the last few years, institutional investors haven't been able to stop buying artificial intelligence (AI) stocks. Chief among popular buys for most of the last two years are "Magnificent Seven" darling Nvidia and data mining specialist Palantir Technologies (NASDAQ: PLTR). However, while combing through some recent filings and trading data, it would appear that some of Wall Street's most closely followed personalities are...

Trump Offers Final Trade Deadline to Countries as Markets Stall The crypto markets remain stalled as the Trump administration has urged countries to submit their best trade offer by Wednesday. The crypto market has seen its total capitalization decline from approximately $3.5 trillion to a little above $3.2 trillion within the last 7 days. Similarly, the price of the largest cryptocurrency, Bitcoin, is 7% lower than the all-time high (ATH) it reached on May 22. Other leading cryptocurrencies, such as XRP, SOL, Dogecoin, ADA, and SUI, have seen their prices decline as much as 14% over the last week. The crypto market, which is already well-known for its unpredictability, has seen a great deal of ups and downs as a result of the ebbs...

ARK 21Shares Bitcoin ETF to Undergo 3-for-1 Share Split on June 16 21Shares US announced that it will implement a 3-for-1 share split of its ARK 21Shares Bitcoin ETF to enhance accessibility for investors. This move is scheduled to take effect at market open on June 16. The approval of spot bitcoin ETFs by the U.S. Securities and Exchange Commission in January 2024 has been a pivotal event for the digital assets industry, highlighting increased regulatory acceptance after a decade-long wait. These funds, which have rapidly gained traction, provide direct exposure to bitcoin via traditional markets. This allows institutions and other investors to participate without directly holding the token, thereby enhancing credibility and...