Ripple is making a serious move into traditional finance. The company behind XRP has applied for a national banking charter in the United States, aiming to bring its RLUSD stablecoin under direct federal oversight. This isn’t just about checking boxes. It’s a strategic attempt to give RLUSD a stronger foundation and open the door to … Read more
A wave of shock hit the cryptocurrency market and Bitcoin price Saturday evening following news of a successful U.S. strike on Iranian nuclear sites, disclosed by President Trump. As we published on Friday, journalist Seymour Hersh said Trump would bomb on the weekend to avoid a stock market crash. However, that can’t spare crypto, which … Read more
The TikTok official X account denies accusations from Congressman Brad Sherman alleging its ‘Chinese owners’ have bought $300 million worth of TRUMP memecoins to get Trump to prolong its extension. In a recent post, the official account replied to Sherman that appears to criticize President Donald Trump’s Executive Order to extend the deadline for TikTok’s … Read more
Coinbase has become the first U.S.-based crypto exchange to win a MiCA license, giving it legal access to offer services across the European Union. The license was issued by Luxembourg’s financial regulator and opens the door to operating in all 27 EU nations, plus Iceland, Liechtenstein, and Norway. As part of the move, Coinbase will … Read more
Bullish, the Peter Thiel-backed crypto exchange, has confidentially filed for an initial public offering in the United States. The move signals that the company is ready to take another swing at going public after its first attempt, via SPAC, fizzled out during the crypto market’s downturn in 2021. The Bullish IPO is a calculated second … Read more
Treasury Secretary Scott Bessent is making headlines with a bold claim. He says U.S. investors could end up holding a whopping $2 trillion in crypto. His prediction landed right as Bitcoin pushed past $110,000, lighting up a market that’s been searching for direction. Bessent’s $2 trillion crypto prediction means he thinks more Americans will start … Read more
U.S. stock indices edge higher despite rising bond yields and debt concerns. U.S. stock indices inched up on Thursday, even as rising bond yields and concerns over mounting government debt cast uncertainty over the broader economy. On May 22, the Dow Jones Industrial Average traded at 42,013 points, up 153 points or 0.36 percent. The … Read more
U.S. stocks were little changed Monday as investors reacted to Moody’s Ratings stripping the U.S. of its last triple-A credit grade and lawmakers advancing a tax bill expected to add significantly to federal deficits. The S&P 500, coming off a five-day winning streak, rose slightly, while the Nasdaq Composite rose 0.01%. The Dow Jones Industrial Average … Read more
The Dow Jones Industrial Average surged more than 1,100 points on Monday. The S&P 500 also jumped 3.25%, the Nasdaq Composite surged nearly 4.34%, and the Russell 2000 rose 3.56%. Tech and retail stocks, many of which arebeen heavily exposed to China, led the rally. Tesla gained 7%, Apple rose 6%, and Amazon jumped 8%. … Read more
It wouldn’t be crypto without a bold prediction or two, but this one’s turning heads. Market experts have just thrown out a forecast that Bitcoin could climb all the way to $1 million per coin. That’s not a typo. One. Million. Dollars. It’s a jaw-dropping figure, and not just crypto hype. The prediction is backed … Read more