Crypto News

Major tokens such as Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) slipped more than 5% in the past 24 hours as traders moved to lock in some profits after a strong week-long rally. The broader crypto market surged alongside risk assets last week, fueled by macroeconomic tailwinds and renewed investor optimism, but signs are emerging that some overheated segments may be due for a pause. “Bitcoin has been hovering around the $104,000 level for the sixth day, experiencing increased rotation,” FxPro’s Alex Kuptsikevich noted. “This is quite expected behavior as we approach the all-time highs of December and January, which served as turning points.” “Ether is trading around $2615, having failed to consolidate above the $2700 mark...

ARK Invest's CEO, Cathie Wood, referred to Coinbase (COIN), among some other innovation-focused companies, as being key players in blockchain technology which, according to her, continues to reinvent finance and technology. In a post on May 14, she referred to Tesla (TSLA), Palantir (PLTR), Coinbase (COIN), and Shopify (SHOP) as companies that are "at the tip of the spear" in the transformation of the equity markets. Wood's comments were in response to ARK analyst Frank Downing, who commented on ARK's early investment in Coinbase. He noted that he published a whitepaper with the crypto exchange as far back as January 2017, before they were able to raise its Series D round at a $1.6 billion valuation. Downing praised Coinbase's user...

"XRP has a new shocking target in 2026" Big predictions by XRP army members are creating a serious buzz, with some even suggesting that the cryptocurrency could reach $250 a coin. That's over 100x its current price now. At press time, XRP is trading at $2.55, down by 0.55% over the last 24 hours. The $250 estimates are being parroted, with macro investor Raoul Pal of Real Vision Group believing that a monumental recovery is in the cards for crypto as global liquidity has seen a dramatic downturn and monetary conditions have become more accommodative. In late April 17, he stated that moving forward, policymakers will likely debase (lower in value) the U.S. dollar as it relates to massive debt. This will likely cause a big jump in...

GD Culture Group (Nasdaq: GDC), a tech firm with operations in China, has announced a $300 million funding deal to purchase Bitcoin (BTC) and the Official Trump (TRUMP) meme coin. The New York-based GDC stated that it plans to purchase BTC and TRUMP in order to create a “crypto asset treasury strategy.” The goal is to enhance its balance sheet with "high-performance, scalable digital assets." GDC is an artificial intelligence (AI) company with a market value of approximately $26 million, generating digital avatars using AI to sell products such as home appliances and snacks on TikTok. The company's stock surged over 240% to $5.97 following the announcement but later returned to its previous price level. It was trading at $2.19 at...

NEW YORK (Reuters) - Central banks should still be able to conduct monetary policy effectively and perhaps be even nimbler in a more decentralized financial system, according to the findings of a joint report released on Wednesday by the New York Federal Reserve and the Bank for International Settlements. The report said a prototype system designed to conduct monetary policy in a financial system reliant on new, more automated systems "successfully responded and instantaneously carried out the intended operation under the varying market conditions, consistent with the central bank's desired liquidity environment." The prototype created for the study showed there's even the possibility of central bank monetary policy working even...

Shares of Robinhood Markets, Inc. soared 9% on Tuesday as it announced an agreement to acquire Canada-based WonderFi Technologies Inc. in a C$250 million all-cash deal. The transaction aims to deepen the company’s presence in the Canadian digital asset market. WonderFi, part of Mogo Inc.’s portfolio, operates two of Canada's most prominent regulated crypto platforms—Bitbuy and Coinsquare—managing more than C$2.1 billion in assets under custody. Mogo played a pivotal role in shaping today’s WonderFi, having orchestrated the merger between Coinsquare and WonderFi. This united two of Canada’s most prominent crypto trading platforms. Besides granting regulatory footing in Canada, the transaction strengthens Robinhood’s position in a...

"Chime rings the IPO bell" Fintechs to the rescue. That’s one way of describing the sudden burst of activity in the IPO market. Within the span of a few hours on Tuesday, eToro priced its IPO above its initial range and Chime filed an S-1, setting the stage for its own listing. Chime, a digital banking startup founded in 2012, revealed that its revenue for fiscal year 2024 was $1.67 billion, up from $1.28 billion a year prior. The company’s net loss of $25 million is down substantially from $203 million in 2023, and $470 million in 2022. The company was cofounded by current CEO Chris Britt and Ryan King, and has for years been considered among the leading fintech unicorns gearing up for an IPO. As if to prove that it’s part of a...

Image source: Getty Images. Spring Clean Your Portfolio: 5 Cryptocurrencies to Offload in 2025 Key Points After months of volatility and uncertainty in the crypto market, it's time to get back to the basics. Instead of chasing losses or doubling down on underperforming investments, it's time to focus on the best-in-class cryptocurrencies capable of powering your portfolio to a winning year in 2025. With that in mind, here's a list of five cryptocurrencies you can safely offload as you spring clean your portfolio. Dogecoin and Shiba Inu Let's start with any speculative meme coin investments you might still have in your portfolio, such as Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB). Even after a huge meme coin rally over...

PayPal Holdings (PYPL) price history over the past twelve months PayPal Holdings (PYPL) stock is marching higher following the end of a highly contentious SEC probe. Since announcing the end of the SEC’s investigation at the start of May, PYPL stock has climbed ~30%. For PayPal, the end of the SEC’s probe removes a key regulatory overhang and paves the way for the leading tech platform to push deeper into blockchain-based payments and crypto. The company launched its branded stablecoin on the Ethereum network in 2023 as a dollar-pegged stablecoin backed by short-term U.S. Treasury bills. Moreover, the good news on the regulator front coincided with the company’s latest Q1 earnings results, which also supported PayPal’s growth...

Image source: Getty Images. Key Points XRP's recent price is about $2.55, but during the next couple of years, there's a real chance that it could roughly double to reach $5 or higher. For that to occur, three things in particular need to happen. Let's examine each so that you can decide whether to invest as these issues play out. 1. Ripple builds out the financial value chain even more Ripple, the company that issues XRP, is also responsible for developing features and platforms that the XRP Ledger can offer to its target users: institutional investors and international banks needing extensive cross-border money transfers. For a cryptocurrency like XRP to provide value, it must address pain points, making core tasks more...

Image source: Getty Images. As Bitcoin surpasses $100,000, the debate over buying or selling remains active. With Bitcoin trending above $104,000 as of May 13, economic, political, regulatory, supply, and social factors are influencing its price. **Why Someone Might Want to Sell** The argument for selling Bitcoin centers on its high price amidst a bearish macroeconomic environment in the U.S., influenced by global trade tensions and potential tariffs that could increase costs for businesses and consumers. This environment could reduce investment funds, impacting riskier assets like Bitcoin. Additionally, with the current Bitcoin price viewed as overextended, some predict a potential reversion to the mean. **The Case for Buying...

"Polkadot Is Still Down More Than 50%. Should You Buy the Dip?" Key Points The Polkadot (CRYPTO: DOT) cryptocurrency is experiencing a surge. The native coin of the Web3 Foundation gained 51.3% from April 9 to May 12. However, on a larger scale, this increase is a minor recovery from a steep decline. The coin's price remains down 52.6% from its 52-week peak in December and over 90% below its all-time high, recorded just before the inflation panic in November 2021. Is Polkadot stuck in a long-term downtrend, or is this crucial Web3 component poised for a significant comeback? Let's explore. Polkadot's Bull Case In the evolving Web3 world, social media networks will no longer dominate online presence as they do today. Content...

**Ethereum Is Now Better Than Ever, but Does That Make It a Buy?** **Key Points** Ethereum's latest technology upgrade, called Pectra, went live on May 7, making the chain potentially the fastest and cheapest it has ever been. With the coin's price rising by almost 70% during the past 30 days, it seems that investors are receiving the upgrade with enthusiasm as developers appreciate the new features. Does that mean you should consider purchasing Ethereum? Below, we'll examine what Pectra changed, why it's important, and how it fits into the long-term thesis for buying this coin. **These New Additions Open Lots of Doors** Here's a quick rundown of the most important new features for end-users: There are also several back-end...

Coinbase COIN shares surged 24% on May 13, 2025, marking their biggest one-day gain since the day after Donald Trump’s election victory, following the announcement that the cryptocurrency exchange will be added to the S&P 500 Index. S&P Global stated late on May 12 that Coinbase would replace Discover Financial Services, which is being acquired by Capital One Financial. **Coinbase-Heavy ETFs in Focus** Coinbase has solid exposure to exchange-traded funds (ETFs), such as First Trust SkyBridge Crypto Industry & Digital Economy ETF CRPT, Global X Blockchain ETF BKCH, Fidelity Crypto Industry and Digital Payments ETF FDIG, and Roundhill COIN WeeklyPay ETF COIW. Each of these ETFs invests more than 10% of its portfolio in COIN shares. CRPT...

House Democrats Criticize Donald Trump's "Corrupt" Connections to Cryptocurrency. Should Investors Be Worried? It's no secret that President Donald Trump is heavily invested in cryptocurrencies ranging from Bitcoin and Ethereum to his Official Trump meme coin on Solana, among many others. It's also no secret that the president's focus on cryptocurrency regulation reforms has been a major pillar of his administration's efforts so far. But when those two things combine, political clashes are bound to happen, and at least so far, they aren't frivolous or trivial in nature. On May 6, a hearing on cryptocurrency legislation in the U.S. House of Representatives got contentious, with Democratic Rep. Angie Craig from Minnesota saying: "It's...

For well over three decades, investors have almost always had a game-changing trend or innovation to captivate their attention -- and their wallets. Since late 2022, the rise of artificial intelligence (AI), and the mammoth $15.7 trillion addressable market that accompanies the AI revolution, has been Wall Street's driving trend. However, it's not the only theme responsible for leading the broad-based S&P 500 to an all-time closing high earlier this year. Excitement surrounding stock splits in some of Wall Street's most-influential businesses has played a foundational role in propelling the broader market higher. Investors have gravitated to companies enacting forward stock splits A stock split is a tool public companies can lean on...

Ether (ETH) and dogecoin (DOGE) led major gains on Wednesday with a 9% jump in the past 24 hours, extending a bullish streak that’s seen both tokens gain double digits over the past week. The broader crypto market showed modest gains with total capitalization up 1.7%, with bitcoin (BTC) hovering around $103,700 in Asian morning hours. Ethereum traded above $2,600, with dogecoin around 24 cents. XRP, BNB Chain’s BNB, Cardano’s ADA, and Solana’s SOL gained between 3%-5%. Despite a burst of green across major altcoins, crypto traders are starting to feel the weight of macro markets and warn of profit-taking in the short term. A stronger dollar and renewed trade tensions temper momentum, even as bitcoin flirts with record territory...

Shares of stock and crypto trading platform eToro (ETOR) have debuted at $52 a share after the company hit the Nasdaq exchange. The company raised about $310 million from investors as it sold 6 million shares at a price of $52 each. This listing values the company at $4.2 billion. The price is significantly higher than the marketed range, as the company received a much higher demand than anticipated. eToro becomes the first company to go public after a challenging period in U.S. markets, as discussions around tariffs involved President Donald Trump and global leaders. Because of such market conditions, many companies, including eToro, had delayed going public; however, Bloomberg reported that the trading platform was moving forward...

Fundstrat Global Advisors co-founder and head of research Tom Lee earlier hinted that Bitcoin's bullish movement is a precursor to a strong stock market recovery. Bitcoin has recovered to the pre-"Liberation Day" or Apr. 2 price level when President Donald Trump hiked tariffs on nearly all the countries. Its price action suggested a massive recovery in the stock market soon, Lee said in an interview on CNBC’s Squawk Box on May 5. Prominent assets such as Tesla, the Magnificent Seven, or Bitcoin have begun recovering. Bitcoin's recovery is indicative of S&P recovering towards 5,800 points in the near term, Lee said. Let's see if Lee's prediction came true. On Apr. 2, Bitcoin was around the $87,000 price level, and the cryptocurrency...

Ringkasan Trend Pasaran Tether berkembang pesat di bawah pengaruh Trump. Kerjasama Tether dengan Cantor menguatkan kepercayaannya. Stablecoin meningkat dalam pasaran kewangan global. Menurut laporan Bloomberg, tokoh-tokoh berpengaruh dalam dunia kripto biasanya merupakan pengasas yang unik dan lantang, seperti Changpeng Zhao dari Binance Holdings Ltd., Michael Saylor, dan pasangan kembar Winklevoss. Namun, Richard Heathcote dari United Kingdom, yang bertugas sebagai Ketua Pegawai Pelaburan Tether Holdings SA, lebih suka mengekalkan kehidupan peribadi jauh dari perhatian umum. Tether, penerbit stablecoin, telah menunjukkan perkembangan pesat dengan portfolio aset bernilai hampir $150 bilion ($150 bilion) (MYR 635,109,450,000)...