Crypto News

SoFi has plans to bring back crypto services for its clients after suspending those operations in 2023 so as not to impede its effort to become a regulated bank. “We're going to re-enter the crypto business, which we had to exit," SoFi CEO Anthony Noto said in an interview. "We'll re-enter the business of allowing our members to invest in cryptocurrency. We want to actually make a bigger, more comprehensive push into cryptocurrency, to include really providing crypto or blockchain capabilities in each product area that we have." The tech company had offered clients access to more than 20 tokens back in 2023 but decided to halt its services as it was in the process of receiving a bank charter in the U.S. during a time when scrutiny...

In the fast-moving world of cryptocurrency and digital assets, innovation often outpaces regulation. While this has led to exciting opportunities and big returns, it’s also opened the door to risk, including the unfortunate reality of crypto platform bankruptcies. Several platforms and exchanges that went bust in the past have marred the crypto market space and given investors good cause to pause before investing in a volatile system. In turn, investors have been left frustrated about how to recoup their losses, unlock their frozen assets, or avoid getting caught up in legalities. If you’ve lost money in the collapse of an exchange, lender, or crypto investment platform, you’re not alone — and there are a few steps you can take to...

Robinhood’s record crypto trading revenue from the last quarter of 2024 may prove hard to repeat, according to JPMorgan analyst Kenneth Worthington, who forecast a drop in digital asset volumes for the first quarter of this year. The online trading platform reports first quarter results after the U.S. market close on Wednesday. The fourth quarter's staggering 700% surge in cryptocurrency trading revenue was behind a sizable jump in HOOD's overall transaction-based revenue. Worthington, however, sees that momentum stalling in the first quarter, citing a decline in both equity and crypto markets, especially in the latter half of the quarter. Worthington and team estimate Robinhood users traded about $52 billion in crypto during the...

Bitcoin has surged past gold and tech stocks alike in April, rekindling the debate over whether the largest cryptocurrency serves as a refuge from market turmoil such as the strife triggered by sweeping US tariffs. President Donald Trump’s announcement of reciprocal tariffs on April 2 sent shockwaves across global markets. The Nasdaq Composite is down 0.2% since the day before, while the Bloomberg Dollar Index slipped around 4%. Gold, a go-to refuge in periods of uncertainty, rallied to a record high of $3,500 an ounce before paring some gains, to return 6.1%. Bitcoin, however, posted a roughly 12% increase since April 1, with advocates saying it acted as an alternative hedge amid growing concerns over US fiscal policy and...

Heading into 2025, artificial intelligence (AI) was expected to be a major investment trend in the crypto sector. Until recently, many top AI cryptos were experiencing significant declines for the year. However, over the past 30 days, some of the most popular AI cryptos have surged by as much as 30%. Is this a sign of a potential comeback for the AI crypto sector, or just a temporary rebound? Let's explore further. The AI crypto sector has been highlighted by Cathie Wood of Ark Invest. In the "Big Ideas 2025" annual report, two key technological innovations, AI and blockchain technology, were emphasized. Despite the potential of this convergence, no cryptocurrency has yet fully capitalized on it. Although Wood did not specify any...

None The stock market is riding the waves of fear and optimism related to President Donald Trump's tariff plans. Further downside may be in the cards in the short term as well as in the long term if the tariffs bring on a recession or exacerbate inflation. But Bitcoin (CRYPTO: BTC) is showing some very interesting behavior at the moment. It might even be confirming a hypothesized part of its investment thesis that wasn't fully supported by the evidence before. And if that is indeed what it's doing, it's another reason to load up on the coin. ### Is this the proof of the coin being a safe asset? One of the main ideas in favor of buying Bitcoin is that it's an asset that isn't tightly correlated with the traditional financial sector...

The BlackRock iShares Bitcoin (BTC) Trust ETF (IBIT) saw $970.9 million in inflows, marking its second-largest net inflow since launching in January 2024, according to Farside data. Monday accounted for $591.2 million in new capital, which saw heavy outflows from competitors: Fidelity’s FBTC lost $86.9 million, Bitwise’s BITB dropped $21.1 million, and ARK’s ARKB saw $226.3 million in outflows. The rise comes alongside a 7.2% rise in BTC over the past seven days with it now trading at $94,900. Since April 22, IBIT has amassed over $4.5 billion in net inflows, bucking the market trend. Meanwhile, in derivatives markets, open interest (OI) on CME Bitcoin Futures continues to fall, now sitting at 132,750 BTC after four consecutive days...

None 3 Cryptocurrencies to Buy in a Bear Market A bear market is one of the best opportunities to invest in crypto, with one key caveat: You need to choose your investments very carefully. Bear markets tend to separate the crypto contenders from the pretenders. Many cryptocurrencies never recover from their first downturn. I'm selective about cryptocurrency investments, especially during times of economic uncertainty. Even so, there are a few coins that I think are well-equipped to survive a bear market and deliver outsized long-term returns. 1. Monero Monero (CRYPTO: XMR) is the largest privacy coin, meaning a cryptocurrency that privatizes transactions. Most cryptocurrencies record transactions on a public blockchain that anyone...

President Trump is applauded at the White House Crypto Summit at the White House in Washington, D.C., on March 7, 2025. (Reuters/Evelyn Hockstein) The Trump 2.0 era is producing new crossovers in the financial world as some crypto firms consider applying for banking licenses and some banks consider issuing their own digital assets. The convergence is picking up momentum as the new administration loosens restrictions on both crypto operations and traditional banking giants. The latest evidence of this mashup is that crypto upstarts Circle, BitGo, Coinbase Global (COIN), and Paxos are all either considering or planning to seek a US bank license in some form. "This is something Coinbase is actively considering but has not made any...

Image source: Getty Images. Ark Invest founder Cathie Wood recently reiterated her prediction that Bitcoin's price could reach $1.5 million by 2030. In the innovation-centric investment firm's "Big Ideas 2025" report, Wood claims that institutional interest, rising demand from emerging markets, and a wider view of the crypto as an effective form of "digital gold" will all combine to drive its price much higher. Ark calculated that $1.5 million target by measuring Bitcoin's institutional penetration rates and its adoption as a safe-haven asset across emerging markets, but that outcome would certainly be a bull case scenario. Wood also presented what she described as a base case scenario in which Bitcoin's price would rise to $710,000...

President Donald Trump will soon host a 100-day inauguration celebration rally in Michigan on Apr. 30. This will kick off a fast-paced second term — at least in the cryptocurrency space. Within the first 100 days of his second term, Trump fulfilled his election campaign promise by signing an executive order to establish a Strategic Bitcoin Reserve, thereby officially acknowledging Bitcoin as a key asset of the United States. Secretary of Commerce Howard Lutnick stated that with the help of crypto czar David Sacks, Trump expedited the reserve's establishment, demonstrating the regime's unwavering endorsement of Bitcoin. "We were able to help the President deliver that Bitcoin strategic reserve," Lutnick said. The Trump administration...

There has been much speculation about the real identity of Satoshi Nakamoto. The Bitcoin creator has been far more successful than even the acclaimed author Thomas Pynchon in hiding their identity. At least some photographs of Pynchon exist; but, never one of Satoshi. Even then, there have been several attempts to uncover Satoshi's identity. Recently, Binance founder and former CEO Changpeng "CZ" Zhao was quizzed about the same, and his response was, “Satoshi Nakamoto was an AI from the future." CZ wrote on X on Apr. 27 that he was asked about the Bitcoin founder's identity in an interview from Turkey and he suggested that Satoshi was time-traveller artificial intelligence (AI) from the future. CZ clarified later in the interview...

Bitcoin Holds Tight Despite Dismal Economic Data, Rising India/Pakistan Tensions Bitcoin (BTC) fell early in the U.S. trading session, but mostly held firm as poor macroeconomic news rolled in. The top cryptocurrency late in the day was trading just below $95,000, up 0.5% over the past 24 hours. The CoinDesk 20 — an index of the top 20 largest cryptocurrencies by market capitalization excluding memecoins, exchange coins and stablecoins — was roughly flat over the same time frame. Crypto stocks like Coinbase (COIN), Strategy (MSTR) and the miners were losing modest ground after big gains last week. Notable exceptions included Janover (JNVR) and DeFi Technologies (DFTF), ahead 24% and 6.5%, respectively even as SOL — the token which...

None Ringkasan Trend Pasaran Tiga entiti Abu Dhabi rancang stablecoin disokong bank pusat UAE Stablecoin bakal diguna secara meluas dalam penggunaan harian Dilancarkan oleh ADQ, First Abu Dhabi Bank dan International Holding Co. Menurut laman Bloomberg, tiga entiti besar Abu Dhabi, termasuklah dana kekayaan berdaulat, merancang untuk melancarkan stablecoin yang sepenuhnya dikawal selia oleh bank pusat Emiriah Arab Bersatu dan disokong oleh dirham. Ini adalah satu langkah yang boleh mempercepatkan usaha negara Teluk Parsi ini untuk menerima pakai mata wang digital dan memudahkan pembayaran. Dana kekayaan berdaulat, ADQ bersama dengan pemberi pinjaman terbesar UAE, First Abu Dhabi Bank PJSC, dan International Holding Co., sebuah...

The privacy-minded cryptocurrency Monero (CRYPTO: XMR) soared on Monday morning. As of 12:45 p.m. ET, it had gained 14.5% in 24 hours. Unfortunately, this sudden jump was the result of some unsavory financial moves apparently involving a large Bitcoin (CRYPTO: BTC) heist. **The curious case of 3,520 disappearing Bitcoins** Monero started a rapid price gain on Sunday night, and market observers were left with more questions than answers at first. The price gain didn't match up with common catalysts such as a large number of new Monero holders, a meme coin push on social media, or Monero analysis in traditional large-scale media, such as TV channels and newspapers. The mystery ended when the well-known crypto security account ZachXBT...

Cryptocurrency investors waded back into the market last week, riding a surge in Bitcoin. Exchange-traded funds tracking Bitcoin and Ether attracted more than $3.2 billion last week, with the iShares Bitcoin Trust ETF (ticker IBIT) alone seeing a nearly $1.5 billion inflow — the most this year, data compiled by Bloomberg show. Other Bitcoin-focused funds also saw meaningful infusions, with investors adding more than $620 million to the ARK 21Shares Bitcoin ETF (ARKB) and roughly $574 million into the Fidelity Wise Origin Bitcoin Fund (FBTC). Meanwhile, Ether products posted their first net weekly inflows since February, according to data from Wintermute. The rally unfolded alongside a notable rise across risk assets, including the...

Bitcoin to Hit New All-Time High Around $120K in Q2: Standard Chartered Strategic allocation away from U.S. assets by investors could see bitcoin hit a new all-time high in the second quarter of the year, Standard Chartered's Geoff Kendrick said in a report Monday. Kendrick sees the world's largest cryptocurrency as reaching $120,000 this quarter as he reiterated his previous target of $200,000 by the end of 2025. Bitcoin was trading around $95,300 at publication time. Kendrick noted that the U.S. Treasury term premium, which is closely correlated to the bitcoin price, is at a 12-year high. Accumulation by whales has also been strong. In addition, bitcoin time-of-day analysis suggests that American investors may be looking for...

Strategy (MSTR) added another 15,355 BTC to its balance sheet over the past week, spending about $1.42 billion on the purchase, or an average price of $92,737 per bitcoin, according to a filing published on Monday. The company's bitcoin holdings have now risen to 553,555 BTC worth more than $52 billion at bitcoin's current price just north of $95,000. The average purchase price for MSTR's total stack is $64,459 each. This latest acquisition was funded through proceeds from the company's two at-the-market stock offerings, the filing noted. Between April 21 and April 27, Strategy sold over $4 million worth of its Class A common stock and more than 435,000 shares of its preferred stock series, STRK. According to the 8-K filing, only...

Only a handful of cryptocurrencies, such as Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP), have been able to avoid the worst of the declines in response to President Donald Trump's new tariffs. Most top cryptocurrencies are down at least 20% for the year, with two major categories of cryptocurrencies -- Layer 1 blockchain networks and meme coins -- getting slammed especially hard. Let's take a closer look to see whether any of these beaten-down cryptos might be worth buying right now. Layer 1 blockchain networks Layer 1 blockchain networks, such as Ethereum (CRYPTO: ETH), Solana (CRYPTO: SOL), Cardano (CRYPTO: ADA), Sui (CRYPTO: SUI), and Avalanche (CRYPTO: AVAX), have declined significantly. All of them still boast market caps of $9...

Bitcoin has been an unbelievable investment. In the past decade, the price has skyrocketed 37,000% (as of April 22). That monster gain is lightyears ahead of what the S&P 500 index was able to produce during the same time. Investors looking to gain exposure to one of the world's best-performing assets might want to do so in a convenient way. Luckily, there are products on the market for this. Here's a top Bitcoin exchange-traded fund (ETF) to buy now with $100 and hold forever. Making owning Bitcoin extremely convenient Some investors might want access to Bitcoin. However, they may not want to go through the hassle of setting up a cryptocurrency brokerage account, signing up for a wallet, or learning how to do self-custody. These are...