Crypto News

Image source: Getty Images. Key Points Cathie Wood is the chief executive officer of ARK Investment Management, which operates several exchange-traded funds (ETFs) focused on disruptive technologies. Cryptocurrencies are an area of focus for ARK, and it was one of the first firms to receive approval from the Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF) last year. Bitcoin is the world's largest cryptocurrency by market value, and ARK is extremely bullish about its future. In 2024, the firm issued a forecast suggesting the crypto could reach $1.5 million by 2030, implying a potential upside of 1,276% from its current price of $109,000 as of this writing. But last month, ARK released a new...

Image source: Getty Images. 4 Vanguard ETFs to Buy With $500 and Hold Forever Key Points Whether you're new to investing or have years of experience, buying exchange-traded funds (ETFs) can be a smart way to build your portfolio. They offer instant diversification and can even give you targeted exposure to specific sectors. Some of the best ETFs are managed by Vanguard, a portfolio management company known for its low costs. Even seemingly small fees can add up over time, so Vanguard's low expense ratios make its ETFs a great starting point for retail investors. Any amount will do if just starting out, but $500 can be a great initial investment. After that, investors will want to consistently add to their holdings through a...

Bitcoin Traders Eye New Highs by End of Summer; Ether Rises 3% on Treasury Optimism Bitcoin BTC held steady near $109,000 early Wednesday as traders bet on fresh highs in the coming months, with ether ETH rising over 3% after renewed confidence in Ethereum's long-term strategy and broader institutional activity. U.S. equities surged following the Memorial Day weekend, led by a 2% gain in the Nasdaq, as investors shrugged off labor market concerns and drew optimism from softening trade tensions. The rebound, aided by stabilizing Treasury yields and easing shipping disruptions between China and the U.S., has rekindled risk appetite across asset classes. “Institutional investors are increasingly reallocating into crypto after...

BTC's at trendline support. (TradingView) Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi Narrative Bitcoin's BTC upward trend continued to show signs of weakness early Wednesday, even as Wall Street tech stocks surged overnight in anticipation of upbeat earnings from AI giant Nvidia (NVDA). The leading cryptocurrency by market value traded near $108,900 at press time, teasing a downside break of a trendline characterizing the uptrend from early April lows, according to data source Coingecko. Bullish trendlines indicate areas of strong demand, thus a move below one is generally seen as a sign of a potential reversal and a possible start of a downward move. Prices have not been able...

Australia sues ex-director of crypto exchange Blockchain Global over alleged duty breaches Australia's corporate regulator said on Wednesday that it has initiated civil penalty proceedings against Liang (Allan) Guo, a former director of the failed cryptocurrency exchange firm Blockchain Global, alleging multiple breaches of duties. The Australian Securities and Investments Commission's allegations in the federal court are in relation to Guo's involvement in Blockchain Global's operation of a cryptocurrency exchange platform, ACX Exchange, which collapsed around December 2019, when customers began being unable to withdraw funds or cryptocurrency from their accounts. The allegations relate to Guo's dealings with ACX Exchange customer...

(CoinDesk) Asia Morning Briefing: Bitcoin Becomes ‘Generational Asset’ as Speculators Ditch Rolexes Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. Ethereum surged past $2,600 in early Asia hours, up 3.7%, breaking above its previous resistance level of $2,500 following a prolonged consolidation period. The rally is supported by robust trading volume and significant institutional confidence, underscored by $248 million in net inflows into spot Ethereum ETFs last week, led prominently by BlackRock's iShares Ethereum Trust. DeFi activity is also strengthening, with Ethereum's total value...

Donald Trump Jr. Says Getting ‘Debanked, De-Insured, De-Everything’ Orange-Pilled Him LAS VEGAS, Nevada — Donald Trump Jr., the eldest son of U.S. President Donald Trump, said he and his younger brother Eric Trump “orange-pilled” their father after the family and its organization experienced pervasive de-banking in the wake of Trump’s first presidential term. Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Don Jr. said he wasn’t an early adopter of bitcoin or crypto, only finding his way to blockchain technology after realizing the “fragile” nature of the traditional financial system. “We were real estate guys, we were hard assets, we built buildings — [bitcoin] was a bit nebulous,” he said during a fireside chat with Rumble CEO...

Sen. Lummis on Push for Stablecoin Bill: ‘I Had No Idea How Hard This Was Going to Be’ LAS VEGAS, Nevada — The U.S. Senate seems to be getting close to passing its landmark stablecoin bill, the GENIUS Act — a battle its champion Cynthia Lummis (R-Wyo.) said has been incredibly hard-fought. “It has been extremely difficult,” Lummis said during a fireside chat with Coinbase’s Chief Legal Officer Paul Grewal at Bitcoin 2025 in Las Vegas on Tuesday. “I had no idea how hard this was going to be.” Last week, the Senate voted to advance the bill, easily clearing the 60-vote threshold required to kick the bill to its last discussion phase before the final vote to pass it out of the body entirely. An earlier attempt failed on a bipartisan...

Image source: Getty Images. Key Points Each quarter, investment firms that manage over $100 million are required to file a form 13F with the Securities and Exchange Commission. Essentially, a 13F breaks down which stocks institutional money managers bought and sold during the last quarter -- thus providing some clues as to what the "smart money" on Wall Street is thinking. Outside of traditional investment funds, though, large corporations with investments in other companies are also required to file a 13F. Last quarter, artificial intelligence (AI) behemoth Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) trimmed its stake in a red-hot cybersecurity stock by 83%. Let's analyze what stock Alphabet just sold, and explore why it may have...

Top military generals support national Bitcoin reserve, claims Senator Lummis U.S. military generals are "big supporters" of a strategic Bitcoin reserve, Senator Cynthia Lummis (R-WY) has made the claim. The senator said she has talked to generals who understand that economic power is as important as military power to address aggressors around the world and strongly support a strategic Bitcoin reserve exactly for this reason. Lummis made the remarks while addressing the audience at the Bitcoin 2025 conference in Las Vegas on May 26. Lummis also underlined how China banning Bitcoin mining gave an opportunity to the U.S. to lead the way. A strategic Bitcoin reserve is the ultimate way of securing geopolitical advantage, Lummis said...

New XRP ETF is under official SEC review The SEC has formally taken action on the proposal filed by the Cboe BZX Exchange to list and trade shares of the WisdomTree XRP Fund. The release indicates that the SEC has formally published SEC release [34-103124], and the application has entered a new phase of consideration to determine if the proposed spot XRP exchange-traded fund (ETF) meets the criteria outlined in Section 6 of the Securities Exchange Act of 1934. The stated purpose of the WisdomTree XRP Fund is to provide investment exposure to XRP by tracking the value of XRP through the performance of its spot price based on the CME CF Ripple-Dollar Reference Rate (New York Variant). The assets of the fund would consist of XRP only...

Veteran Hedge Fund Manager Claims He is 'Bit Wiser' After Misstep Josh Mandell, a longtime Wall Street trader with a track record in government bonds and short-dated options, as well as experience in leading hedge funds, has provided an interesting note this morning, offering a rare glimpse into his investment in crypto — and it has raised a few eyebrows. Mandell posted on May 27, a screenshot that showed a 2.1 million dollar position in the Bitwise Bitcoin ETF (BITB), with a "tiny" gain of $1,491.80 on the day. His post on X read, "I've made some bad choices when deciding how to invest in Bitcoin, but today I'm a Bitwiser." Bitwise is one of the largest firms providing exposure to Bitcoin via a regulated exchange-traded fund (ETF)...

Image source: Getty Images. Why Trump Media Stock Plummeted Today Key Points Shares of Trump Media & Technology Group (NASDAQ: DJT) sank on Tuesday. The company's stock plummeted 10.4% as of market close. The fall comes as the S&P 500 jumped 2% and the Nasdaq Composite fell 2.4%. DJT is betting on Bitcoin Following in the footsteps of Strategy, Trump Media is betting a massive reserve of Bitcoin will drive value. The company announced it had entered into a deal with institutional investors to raise $2.5 billion in exchange for $1.5 billion in stock and $1 billion in convertible notes. The proceeds will go to purchasing Bitcoin and holding it as a core Treasury asset. It will be held in conjunction with Anchorage Digital and...

Image: Michael M. Santiago (Getty Images) Trump Media is the latest firm to buy billions worth of Bitcoin Trump Media & Technology Group has tapped investors for $2.5 billion to fund a cryptocurrency reserve. Institutional investors have bought shares in the firm under a private placement, the Trump family’s media company announced Tuesday, with the proceeds set to be invested in Bitcoin. Around 50 investors purchased $1.5 billion worth of common shares, with a further $1 billion raised via convertible bonds. Shares in TMTG dropped almost 14% following the announcement. The move continues the trend of publicly-traded companies raising capital to stockpile Bitcoin as treasury assets. There are currently 30 companies with Bitcoin...

Trump Media strikes $2.5 billion deal to buy bitcoins. Here's why. Trump Media and Technology Group on Tuesday said it's struck a deal to raise $2.5 billion that will be tapped to buy bitcoin, creating a reserve of the cryptocurrency. The company's move into cryptocurrency comes after Trump Media has ventured into other investment arenas, including starting exchange-traded funds, or ETFs, and separately managed accounts with investment strategies the company says are "rooted in American values and priorities." In its Tuesday announcement, Trump Media said it has an agreement with about 50 institutional investors to buy $1.5 billion of the company's stock, along with another $1 billion in debt that can be converted into stock at a...

Gaming stock surges 500% after new treasury plans SharpLink Gaming, a Nasdaq-based marketing partner to casinos and sportsbooks, is gearing up to go public in a $425 million private placement deal, according to a company announcement. The company will use the proceeds to shift heavily into digital asset management, with Ethereum (ETH) as its principal treasury asset. The transaction — a PIPE, or private investment in public equity — will consist of a sale of over 69 million shares at $6.15 per share, or $6.72 for certain company insiders. The deal, subject to customary conditions, is expected to close on or about May 29. The lead investor is Consensys Software Inc., a blockchain company founded by Ethereum co-founder Joseph Lubin...

Ripple CTO addresses concerns around firm's leadership Ripple, the blockchain technology and payments firm, is one of the largest crypto companies in the world. Brad Garlinghouse, the firm's billionaire CEO, is a popular industry face known for his public utterances. However, the public nature of the payments firm seems to have raised an interlinked question of Ripple's centralized leadership and XRP's supposed decentralized model. A user asked on X why Ripple CEO Brad Garlinghouse is the face of XRP, given XRP's claim to being a decentralized cryptocurrency. "I don't see the same arrangement with BTC," they wondered. Ripple CTO David Schwartz was quick to jump in and offer a detailed explanation to address the concerns. Schwartz...

None How the rise of stablecoins could stir up price swings in the $29 trillion Treasury market With US stablecoin legislation winding its way through Congress, investors should be aware of possible disruptions to the Treasury market stemming from the growing corner of the crypto sector. Bank of America analysts said this week that accelerated stablecoin adoption is bound to inject demand for short-dated Treasurys, shaking up the US bond prices and volatility. "For each $1 that leaves traditional banks in favor of stablecoins, there will be a $0.90 incremental demand for USTs," the bank wrote on Tuesday. That's because stablecoins, a kind of crypto that's meant to hold a stable value pegged to a fiat currency, are backed by...

Michael Saylor issues stern advice to companies Strategy (Nasdaq: MSTR), earlier known as MicroStrategy, co-founder and executive chairman Michael Saylor thinks companies posting on-chain proof-of-reserves is a “bad idea.” Strategy, which began acquiring Bitcoin as a primary treasury asset in 2020, is the world's largest public corporate BTC holder, holding 580,250 BTC worth $63 billion on its balance sheet. Once the FTX crypto exchange went bankrupt in November 2022, several crypto firms, such as Binance and Kraken, began publishing proof-of-reserves. It is a transparency mechanism used by crypto exchanges and other crypto-focused companies to publicly demonstrate that they hold enough assets to cover all user deposits. However...

Trump issues stark warning to Putin: ‘Playing with fire’ Markets opened mixed Tuesday morning, with Bitcoin (BTC) down slightly to $109,883, while Ethereum (ETH) ticked up 4.1% to $2,663.58, according to Yahoo Finance. XRP, Solana (SOL), and Binance Coin (BNB) all traded higher, reflecting cautious optimism amid heightened geopolitical tensions. Speaking to reporters, U.S. President Donald Trump issued a sharp rebuke of Russian President Vladimir Putin, saying, “Putin is playing with fire!” Trump added, “If it weren’t for me, bad things would have happened to Russia.” The remarks follow renewed Russian military action in Ukraine, prompting fears of further escalation. Crypto markets, known to react quickly to macro and geopolitical...