Crypto News

Image source: Getty Images. Meta Platforms might operate some of the most popular social media sites in the world, but this didn’t translate into stock success on Friday. On news that a potentially significant product rollout will be delayed, investors traded out of Meta, leaving its shares with a 0.6% price loss on the day. Meanwhile, the S&P 500 index closed higher by roughly the same percentage. Continued delays were reported towards the end of Thursday's trading session. The Wall Street Journal stated that Meta is delaying the launch of its flagship artificial intelligence (AI) model. Citing unnamed sources, it was reported that company engineers are struggling to enhance the functionalities of the model, code-named "Behemoth."...

If you looked at a list of the world's 20 most valuable companies from a decade ago, you'd notice several familiar names: Apple, Microsoft, Google (now Alphabet), and Berkshire Hathaway all made the list back then. But as much as things have stayed the same, there's also been considerable turnover and movement in the ranks. Wells Fargo and Novartis have fallen way down the list over the last decade. Nvidia had only recently climbed out of the mid-cap stock range in 2015, but soared into the top 10 in 2021. All this is to say a lot can change in 10 years. And one "Magnificent Seven" company that's bringing up the rear in that group today is also the one that's best positioned to become the world's most valuable company within the next...

“There’s a famous saying that sometimes the enemy of your enemy is actually your best friend,” Eric Trump told the crowd at Consensus in Toronto, Canada. “That was the Trumps with the crypto community. And I think the banks made the biggest mistake of their lives.” The son of U.S. President Donald Trump and co-founder of bitcoin BTC mining company American Bitcoin is also an adviser to World Liberty Financial (WLF), which recently launched a U.S. dollar-backed stablecoin, USD1, that has already reached $2 billion in market capitalization. Co-founders of WLF joined Trump on stage on Friday as they announced that USD1 was now operable across multiple blockchains through Chainlink’s Cross-Chain Interoperability Protocol (CCIP). Trump...

Image source: Getty Images. Key Points A vivid red number on the bottom line and a revenue miss were the factors pushing down KULR Technology Group (NYSEMKT: KULR) stock on the last trading day of the week. The company's share price eroded by more than 13% across the session, comparing most unfavorably to the S&P 500's rise of 0.7%. For its first quarter of this year, KULR managed to grow its revenue by 40% to $2.45 million. Going in quite the opposite direction was the company's bottom-line result; its net loss deepened considerably, to $18.8 million ($0.07 per share) from the year-ago deficit of slightly over $5 million. On average, analysts tracking the battery technology specialist were projecting a notably higher revenue...

Attorneys for Donald Trump’s World Liberty Financial crypto project have contested potential conflict of interest claims raised by the Democratic head of a Senate investigative subcommittee. The company asserts that it has followed all legal and regulatory requirements diligently. Senator Richard Blumenthal of Connecticut recently sent letters to World Liberty and Fight, Fight, Fight LLC, expressing concerns over the project’s financial benefits for its founders and the Trump family. This followed an event promotion involving the Trump memecoin. Blumenthal is pressing for transparency about possible foreign influences on President Trump through World Liberty Financial. Democratic Senators Elizabeth Warren and Jeff Merkley have asked...

The journey for Bitcoin investors back to all-time highs hasn’t been an easy one. But the world’s largest cryptocurrency by market capitalization has been on a tear since bottoming out in early April. Bitcoin continues to hover near the $100,000 level and looks poised to retest the highs from last year. Outside of owning crypto outright, several stocks are making waves in conjunction with Bitcoin’s ascent. Coinbase, the largest U.S. cryptocurrency exchange, has been a big beneficiary of the latest move. The company offers the primary financial account in the crypto economy, including a brokerage platform with a pool of liquidity for both institutions and retail investors. In addition, Coinbase offers a suite of products granting access...

Bitget has emerged as the third-largest cryptocurrency exchange in terms of trading volume, according to the firm's recently released April 2025 transparency report. Founded in 2018, Bitget is a Seychelles-based cryptocurrency exchange that offers spot and futures trading services to its global user base. Its dynamic copy trading service lets inexperienced traders imitate the trading positions of the most successful and experienced traders on the platform. In April, Bitget recorded a futures trading volume of $757.6 billion and a spot trading volume of $68.6 billion — both remarkable metrics, given the month witnessed market correction and investor caution. The market share of Bitget grew to 7.2% in April, defying broader exchange...

Christy Goldsmith Romero, one of the four commissioners at the Commodity Futures Trading Commission, will depart the federal regulator at the end of the month, she announced Friday. Goldsmith Romero joins fellow Commissioner Summer Mersinger, who announced earlier this week that she would leave on May 30 after being named the next CEO of the Blockchain Association, a Washington, D.C.-based lobbying group for the crypto industry. In a statement, Goldsmith Romero said that derivatives markets, which the agency oversees, "experienced significant growth while remaining resilient and financially stable through times of market stress and volatility" during her time on the Commission. "I wish to also recognize the members of the CFTC...

Zacks Investment Research State Street Corporation’s asset management arm, State Street Global Advisors (SSGA), has entered a strategic alliance with smallcase. The alliance aims to expand global market access for Indian investors and enhance SSGA's presence in India's fintech sector. Notably, smallcase is a fintech platform that offers curated portfolios of stocks and ETFs, enabling retail investors to invest in diversified themes. Since its launch in 2016, the platform has facilitated transactions of over $16 billion and has established itself as a prominent player in India's digital investment market. Details of STT’s Collaboration The partnership will provide SSGA with a distribution opportunity for its SPDR ETFs by featuring...

Galaxy Digital, founded by Mike Novogratz, made its Nasdaq debut on Friday, marking a significant week for cryptocurrency in public markets, alongside Coinbase joining the S&P 500 and retail brokerage eToro also going public. Previously listed on the Toronto Stock Exchange, Galaxy Digital, a crypto investment company also focused on artificial intelligence data center infrastructure, began trading on the Nasdaq at $23.50 per share. Shares were last trading at $24.89. "I think we're at the beginning of the race, not the end of the race," said Novagratz, Galaxy's CEO and a prominent crypto investor. "Sometimes it feels like it's been such a struggle. You ring the bell and you're crossing the finish line, but it really is the starting...

Bitcoin's price has been fluctuating around $104,000 on Friday, May 16, as US President Donald Trump disclosed his tariff plans during his visit to the UAE. The rise in Bitcoin's price brought the majority of altcoins into profitable territory. The market cap of the sector showed fluctuations, claiming a valuation of $3.4 trillion. The United States plans to independently set new tariff rates on many trading partners according to President Trump's plans. In the next two to three weeks, new tariffs will be imposed on many countries. President Trump shared this information in a meeting with business executives in the UAE. He stated that over “150 countries” are looking for trade deals, but forming agreements with each one of them is not...

Peer-to-peer digital payments have become quite popular over the last several years. Rather than paying back friends and family or paying bills via cash or check, you can simply send or request the exact amount of money right from your phone. One of the most popular peer-to-peer payment apps today is Venmo. With millions of users, Venmo is looking to revolutionize peer-to-peer digital payments, and they recently released a new feature you might not know about. Here’s how it works. Venmo Allows Users To Schedule Payments and Requests In October 2024, PayPal Newsroom put out a press release explaining a convenient new feature that might help you take the work out of manually making and requesting payments. It’s now possible for Venmo...

Bitcoin on Track to Hit New High: 3 Crypto-Centric Stocks in Focus Cryptocurrencies are on a rally again, thanks to some encouraging economic data and easing trade tensions, which have given a boost to investors’ confidence. Earlier this week, Bitcoin (BTC) surpassed the $100,000 mark for the first time in nearly five months. Bitcoin is now on track to surpass its all-time high of $106,533 attained on Dec. 22. Bitcoin had a stellar 2024 and experts had predicted that the cryptocurrency could cross $140,000 once global tensions ease. Given this situation, it would be ideal to invest in crypto-focused stocks. We have selected three stocks, namely Visa Inc. V, NVIDIA Corporation NVDA, and PayPal Holdings PYPL. Each of these stocks has...

U.K.-based Coinsilium Group (COIN:AQSE), which became the first blockchain firm to IPO in 2015, has announced a £1.25 million raise as it looks to establish its bitcoin BTC treasury initiative. The raise came alongside a record high in trading volume of Coinsilium Group shares, with 14 million shares changing hands on Friday. Shares are currently trading at £0.04, having risen by 24% over the past 24 hours. The company is advised by CoinDesk analyst, who mentioned that it was "great to see record trading volumes as Coinsilium announces a bitcoin treasury." He added: "I remain focused on helping educate the UK market on bitcoin and helping the UK become a leader in this space." The move to set up a bitcoin treasury follows in the...

Fifth Third Bancorp. began forging relationships with crypto companies about five years ago, but held off on major investments until regulation became clearer. That moment has arrived, according to the bank’s head of strategy. The firm is considering ways it can do more crypto business after building a small portfolio of customers which use its deposit accounts and payments capabilities for operations like sending payroll and receiving revenue, chief strategy officer Ben Hoffman said. The Cincinnati-based lender is also exploring using stablecoins to facilitate cross-border transactions, helping cut costs and make the process of transmitting value more efficient, according to Hoffman. The company, which has significant payments...

Few digital brands have left a cultural imprint like LimeWire. In the early 2000s, it redefined how people discovered and shared media. With its cross-platform interface and easy file search, LimeWire introduced millions to digital music long before streaming was mainstream. Unlike Napster, which faced an early shutdown, or Kazaa, which suffered from malware issues, LimeWire remained a staple until legal battles forced its closure in 2010. Now it’s back, with a new architecture and mandate. LimeWire has rebuilt itself as a Web3-native platform centered around generative AI, decentralized compute, and creator monetization. It’s not just reviving its legacy. It’s rethinking the content stack from the ground up, layer by layer. The new...

Mastercard has partnered with MoonPay, a cryptocurrency payment solutions provider, to allow global stablecoin transactions using Mastercard-branded cards. This move aims to enable users to spend their digital currency at over 150 million locations globally where Mastercard is accepted. The partnership utilises Iron's API-driven stablecoin infrastructure, which MoonPay acquired in March, to facilitate payments for businesses and convert crypto wallets into digital bank accounts for cross-border money transfers. Additionally, it will enable businesses to offer stablecoin-based payments to gig workers, contractors, and creators. By combining Mastercard's international payments network with MoonPay's crypto economy connections, the...

Bitcoin is trading at nearly $104,000, over a 65% jump from just a year ago. Crypto supporters are calling 2025 the year for digital assets, and they’re giving much of the credit to President Donald Trump’s outspoken backing, according to Fortune. Love it or hate it, crypto has reached the financial mainstream with a total market cap topping $3 trillion, reported Fortune. So, what does this mean for investors right now? Whether you’re holding coins, watching from the sidelines, or wondering if it’s too late to jump in the game, here’s what to consider as Wall Street braces for a potential crypto boom. Research. Research. Research. While crypto is a new market compared to other investments, strategies continue to develop. The first...

A smart beta exchange traded fund, the Invesco S&P SmallCap 600 Pure Value ETF (RZV) debuted on 03/01/2006, and offers broad exposure to the Style Box - Small Cap Value category of the market. ### What Are Smart Beta ETFs? The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option 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 for those who prefer choosing...

A smart beta exchange traded fund, the Fidelity Value Factor ETF (FVAL) debuted on 09/12/2016, and offers broad exposure to the Style Box - Large Cap Value category of the market. The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option 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 for those who prefer choosing great stocks in order to beat the market...