Crypto News

DUBAI (Reuters) - Crypto enthusiasts descended on Dubai on Wednesday, gathering under the Gulf's scorching sun and hoping the industry's buoyant mood can keep going despite signs the euphoria around Donald Trump's crypto stance is ebbing. Speakers at the two-day event in the desert city include chief executives at some of the world's major crypto firms, the head of digital assets at BlackRock and Goldman Sachs, as well as the U.S. president's son, Eric Trump, who is set to take the stage on Thursday. Once a crypto sceptic, the U.S. president has vowed to support the industry by easing regulatory curbs and has even launched his own cryptocurrency, in a turnaround for the industry after a series of crypto company collapses in 2022...

An eyeball-scanning crypto project backed by OpenAI CEO Sam Altman has launched in the U.S., Tools for Humanity, the venture’s developer, announced Wednesday evening. Originally dubbed Worldcoin, the project, now rebranded to World, aims to scan human irises through an orb to prove that humans aren’t AI. In return, participants receive a cryptocurrency called WLD. Americans can now access the eyeball-scanning orb, claim cryptocurrency, and use the associated World app. The project is initially rolling out its iris scanners in cities such as Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco, according to a press release. When it first launched in July 2023, World avoided launching its cryptocurrency in the U.S. due to...

As the crypto market recovers from a historic rout, Robinhood, the online brokerage that offers digital assets, stocks, and other investments, is planning to lean into its other offerings, despite becoming increasingly reliant on crypto trading volume in recent years. “It’s going to go up and down in terms of trading volumes,” Robinhood CEO Vlad Tenev said in an earnings call with shareholders on Wednesday, acknowledging crypto’s trademark volatility. “We’re diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes.” Robinhood reported $927 million in Q1 revenue on Wednesday, a slight pullback from the end of last year when revenue surged to a record $1 billion. The dip is...

Nasdaq has submitted a regulatory filing to list and trade shares of the 21Shares Dogecoin ETF, potentially creating a new investment avenue for the popular cryptocurrency as the Securities and Exchange Commission continues to extend review periods for multiple crypto fund applications. According to the filing, the proposed ETF would hold spot Dogecoin and track the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody Trust Company serving as the cryptocurrency custodian for the trust. The application represents another step toward expanding cryptocurrency access through ETFs, which would allow investors to buy Dogecoin exposure through their existing brokerage accounts instead of cryptocurrency exchanges. The filing comes...

President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 in New York City. (Photo by Spencer Platt/Getty Images) President Donald Trump came to office earlier this year promising sweeping change on the economy and what investors hoped would be a pro-growth wave that would propel markets higher. It hasn’t quite worked out that way. Trump’s aggressive, volatile stance on tariffs targeted at adversaries and allies alike has unsettled global markets and thrown Wall Street off balance. Despite a rebound in the latter half of April as he signaled willingness to pursue trade deals and pulled back from his most draconian version of “reciprocal” tariffs, most assets...

President-elect Donald Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 in New York City. (Photo by Spencer Platt/Getty Images) President Donald Trump came to office earlier this year promising sweeping change on the economy and what investors hoped would be a pro-growth wave that would propel markets higher. It hasn’t quite worked out that way. Trump’s aggressive, volatile stance on tariffs targeted at adversaries and allies alike has unsettled global markets and thrown Wall Street off balance. Despite a rebound in the latter half of April as he signaled willingness to pursue trade deals and pulled back from his most draconian version of “reciprocal” tariffs, most assets...

Cryptocurrency-linked stocks rallied in April, riding a surge in the price of Bitcoin to emerge largely unscathed by the turbulence that roiled US equity markets. Shares of Michael Saylor’s Strategy, exchange operator Coinbase Global Inc., and mining firm CleanSpark Inc. all climbed sharply, logging double-digit gains even as the S&P 500 Index slipped 0.8%. The rally propelled them past the tech stocks they often mirror. The momentum came alongside a roughly 15% rally in Bitcoin, which has renewed the debate over its role as a safe haven for investors. Stocks tied to the digital asset are typically more volatile than the token itself, often magnifying gains when prices rise. “The main driver has been obviously the spot price” for...

Credit card giant Visa announced the launch of a new product that will let consumers pay with stablecoins in six countries, including Mexico and Argentina. The offering, developed along with the Stripe-owned startup Bridge, is a significant step toward making cryptocurrency part of mainstream commerce for both merchants and consumers. The launch, which Visa intends to expand to other countries, comes as stablecoins—blockchain-based assets pegged to a fiat currency like the dollar—are gaining popularity among traditional financial outlets because of their ease of transfer between accounts and across borders. To illustrate how Visa’s new service will work, senior vice president Rubail Birwadker gave the example of a freelance worker in...

Cryptocurrency-linked stocks rallied in April, riding a surge in the price of Bitcoin to emerge largely unscathed by the turbulence that roiled US equity markets. Shares of Michael Saylor’s Strategy, exchange operator Coinbase Global Inc., and mining firm CleanSpark Inc. all climbed sharply, logging double-digit gains even as the S&P 500 Index slipped 0.8%. The rally propelled them past the tech stocks they often mirror. The momentum came alongside a roughly 15% rally in Bitcoin, which has renewed the debate over its role as a safe haven for investors. Stocks tied to the digital asset are typically more volatile than the token itself, often magnifying gains when prices rise. “The main driver has been obviously the spot price” for...

Robinhood reported a rise in first-quarter profit on Wednesday, helped by robust crypto trading volumes from clients looking to hedge their positions. The retail trading platform's net income attributable to common stockholders came in at $336 million, or 37 cents per share, in the three months ended March 31. That compares to a profit of $157 million, or 18 cents per share, a year earlier. What should I do if the bank or mortgage company won’t accept my payments? First, be sure you’ve followed your mortgage servicer’s instructions for how to submit your mortgage payment, according to the Consumer Financial Protection Bureau (CFPB). Next, call or write a letter to your servicer requesting an explanation. Learn more about how to...

Imagine your investments working around the clock, scanning global markets for the best opportunities — all without you having to lift a finger. Sound futuristic? It’s already a reality. In traditional finance (TradFi), algorithms handle nearly 70% of U.S. stock trades. Now, artificial intelligence (AI) agents are stepping up. These aren't just basic bots but innovative systems that learn, adapt, and make real-time decisions. VanEck predicts the number of AI agents will skyrocket from 10,000 to over a million by the end of 2025. What this means for you AI agents are already at work behind the scenes analyzing market trends, balancing portfolios, and even managing liquidity across decentralized exchange platforms like SaucerSwap and...

One of the many ways President Donald Trump has been making headlines is with his recent net worth increase. The 45th and now 47th president saw his net worth double from $2.3 billion in 2024 to over $5 billion in 2025. How did he do it? Partly with crypto. The president and first lady each launched meme coins earlier this year, and that had something to do with it, as did Trump’s World Liberty Financial project. The bigger question here is how he leveraged his crypto activity to bolster his overall financial gain and what the average investor can learn from it. World Liberty Financial World Liberty Financial isn’t exactly a cryptocurrency, but it functions in a similar fashion. The announcement of Trump’s involvement in the project...

Bitcoin Just Hit Its Highest Price in 60 Days. 3 Reasons Behind the Rally. After months of struggling to gain any sort of momentum, Bitcoin (CRYPTO: BTC) has seemingly turned it around. It recently hit a price of $95,000 -- the first time it has done that since February 25. Bitcoin is now up nearly 15% over the past 30 days and appears ready to retake the $100,000 price level. Spot Bitcoin ETFs One major factor has been the return of investor inflows to the spot Bitcoin ETFs. It might sound simplistic, but if money is flowing into the spot Bitcoin ETFs, the price of Bitcoin is likely to go up. And, conversely, if money is flowing out of the spot Bitcoin ETFs, the price of Bitcoin is likely to go down. That's why many analysts keep...

Crypto prices have collapsed as President Donald Trump's trade war has expanded. Across the board, crypto prices are down for the year, and many show little sign of recovery anytime soon. Against a backdrop of escalating tariffs, investors are moving from risky assets to less risky assets, and that makes any cryptocurrency an easy candidate to drop from a portfolio. But there's one cryptocurrency that could still win, and that's Bitcoin (CRYPTO: BTC). Bitcoin as digital gold During the past 30 days, Bitcoin is up 14%, primarily due to the revival of the digital gold investment thesis. In the eyes of many investors, Bitcoin is starting to behave just like physical gold, and that makes it extraordinarily valuable. During times of...

Key Points Bitcoin (CRYPTO: BTC) is the world's largest cryptocurrency, with a market capitalization of $1.8 trillion, which represents more than half of the total value of all coins and tokens in circulation across the entire industry. It's in high demand from a growing number of investors, who view it as a legitimate store of value, which could pave the way for significant upside over the long term. XRP (CRYPTO: XRP), on the other hand, was created by a company called Ripple to standardize transactions within its global payments network. Therefore, unlike most cryptocurrencies, it has an actual purpose in the real world, which could drive its value higher over time. Bitcoin and XRP delivered returns of 119% and 235% last year...

None In four of the past five years, Bitcoin has been the top-performing asset in the world, and it hasn't even been close. In 2020, 2023, and 2024, Bitcoin delivered triple-digit returns to investors. Over the past five years, Bitcoin is now up a head-spinning 956%. It might seem unfathomable, then, that any stock could possibly surpass Bitcoin's performance over that time interval. So you might be surprised that Strategy -- the company formerly known as MicroStrategy -- has done exactly that. In 2025, Strategy is up 20% at a time when Bitcoin is struggling. So is it a better buy? Performance comparison It really doesn't matter what time period you look at -- year to date, 12 months, or five years -- Strategy has surpassed the...

The U.S. Securities and Exchange Commission (SEC) delayed approval decisions on spot XRP (XRP) and Dogecoin (DOGE) exchange-traded funds (ETFs) late Tuesday, in line with analyst expectations. The SEC said it will wait until June 15 for the next steps for the Bitwise DOGE ETF and June 17 for the Franklin XRP Fund, separate filings show. The law states the Commission has 45 days from when a proposed rule change is announced to approve it, reject it, or start a process to decide if it should be rejected. These 45 days can be extended to 90 days if the Commission thinks more time is needed. "The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient...

Two recent shepherds of U.S. crypto oversight — Republican former lawmaker Patrick McHenry and Democrat former Commodity Futures Trading Commission chief Rostin Behnam — shared a view that there's a tremendous amount of work still to do on U.S. crypto legislation but that now is the moment to do it. McHenry, in a discussion hosted by Georgetown University's Psaros Center for Financial Markets and Policy, said that Senator Tim Scott, the South Carolina chairman of the Senate Banking Committee, and Representative French Hill, the Arkansas Republican who leads the House Financial Services Committee, present the industry an ideal opportunity to establish sound law. "And I think you should take it," he said, arguing that solid law will...

NEW YORK (AP) — The founder and former CEO of the failed cryptocurrency lending platform Celsius Network should face 20 years behind bars for lying and self-dealing that cost customers billions of dollars in losses, prosecutors told a judge Tuesday. Alexander Mashinsky, 59, told thousands of customers that their money was safe and secure, leading to investors pouring over $20 billion into Celsius by 2021, they wrote in a submission ahead of a scheduled May 8 sentencing in Manhattan federal court. “They were not,” prosecutors said, noting that Celsius declared bankruptcy in 2022 and acknowledged that it could not return to customers what they had invested. Prosecutors said Mashinsky fabricated Celsius' profitability and put customers'...

The crypto market experienced another relatively calm day on Tuesday despite widespread pessimism about the impact of the Trump administration's tariffs on the economy. Bitcoin (BTC) is up 1% in the last 24 hours, trading at almost $95,400 and within sight of topping $96,000 for the first time since the second half of February. The CoinDesk 20 — an index of the top 20 cryptocurrencies by market capitalization except for stablecoins, exchange coins and memecoins — rose 1.1%, with Bitcoin Cash (BCH) outshining the rest of the index by surging 6.3%. Crypto stocks had fairly muted performances Tuesday, with Coinbase (COIN) and Strategy (MSTR) up 0.9% and 3.3%, respectively. Janover (JNVR) continued to benefit from its SOL accumulation...