Key Points The trajectory of interest rates will have a big effect on crypto prices. New data this morning pointed to an economy on sound footing. 10 stocks we like better than XRP › Most cryptocurrencies continued to struggle today after a flash crash earlier this week that may have removed some leverage out of the space. Today, however, investors seem more focused on economic data as they continue to grapple over how many interest rate cuts the Federal Reserve will make between now and the end of ...

Key Points TRON is exposed to upside from the growth of the stablecoin market. Shiba Inu is the more widely known asset, and attention matters for its chances of growth. Both coins face what's likely to be a favorable economy. 10 stocks we like better than TRON › Everyone loves stories of people going from rags to riches, whether they're true or not. And, with the understanding that market history often does rhyme, many investors also love the idea of the future simply repeating the past in perfe ...

This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know. We've also included XRP, as it was one of the largest cryptocurrencies when this series began. According to Wikipedia, a cryptocurrency is "a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of ...

Key Points Cryptocurrencies, known for boom and bust volatility, can dramatically outperform stocks. Does XRP have what it takes for sustainable success? 10 stocks we like better than XRP › Long-term investing is the key to sustainable returns in financial markets because it smooths out the volatility to allow an asset's fundamental story to play out. This concept is crucial for crypto because of its extreme volatility. Let's dig deeper into the pros and cons of an asset like XRP (CRYPTO: XRP) to se ...

Brace yourself, for Wall Street is about to get flooded with crypto exchange-traded funds. “We’re going to get well over a hundred ETFs probably that are going to be involved in the crypto space in the next six to 12 months,” James Seyffart, ETF analyst at Bloomberg Intelligence, said on a podcast Wednesday. The catalyst: new Securities and Exchange Commission rules that lets crypto ETFs launch in 75 days instead of their current 240-day slog through the regulatory mud. Any fund that meets basic criteria, ...

Stablecoin giant Tether is looking to raise between $15 billion and $20 billion for about a 3% stake in the company through a private placement, Bloomberg reported, citing two people familiar with the matter. The massive raise would bring its valuation to around $500 billion, putting it in the same league as OpenAI and SpaceX, Bloomberg reported. Tether would be issuing new equity, and Cantor Fitzgerald is acting as lead adviser. Tether's USDT has market cap of around $172.8 billion, making it the larges ...

Group 1 - Tether is in discussions to raise between $15 billion and $20 billion in a private placement, potentially valuing the company at approximately $500 billion [1] - The company is targeting a 3% stake for the investment, but the final valuation may vary based on the stake offered [1] - Tether's USDT stablecoin has a market capitalization of around $173 billion, indicating its significant presence in the market [2] Group 2 - Tether has established itself as a leading player in the stablecoin market, providing cryptocurrencies pegged to traditional currencies to reduce price volatility [3] - The company has appointed Bo Hines, a former White House crypto policy executive, as a strategic adviser to enhance its expansion efforts in the United States [3] - Tether plans to launch a U.S.-based stablecoin named USAT, aimed at U.S. residents [4]

Group 1 - A trader established bullish positions in major cryptocurrencies, deploying $15 million in USDC on Hyperliquid, focusing on bitcoin (BTC), solana (SOL), Hyperliquid's HYPE token, and PUMP [1] - The cryptocurrency market has seen a decline, with Bitcoin falling over 2% below $113,000, leading to a market value drop to $2.25 trillion [2] - The recent market weakness is attributed to the dollar's resilience following dovish Fed rate cuts, contributing to bearish sentiment in the options market [3] Group 2 - Market volatility is anticipated to rise as several Federal Reserve policymakers, including Chairman Jerome Powell, are scheduled to speak, alongside the upcoming Personal Consumption Expenditures (PCE) inflation report [4] - The FTX bankruptcy recovery trust is set to distribute $1.6 billion in payments to creditors on September 30, providing relief to stakeholders affected by the collapse [5]

Computer network cables. Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging. Ether fell as much as 9% to $4,075 as nearly half a billion dollars of leveraged long positions in the second-largest token were liquidated according to data from Coinglass. Bitcoin declined 3% to $111,998 at one point. Coins like Solana, Algorand and Avalanche also dropped. Most Read from Bloomberg It was the biggest w ...

Key Points Ripple USD runs on the same blockchain as the XRP cryptocurrency. PayPal USD is backed by a vast network of retailers, banks, and PayPal users. Both stablecoins are reliable, but one is a safer investment. 10 stocks we like better than PayPal USD › Most cryptocurrencies are volatile investments that aren't suitable for conservative investors. However, stablecoins -- which are pegged to fiat currencies and other real-world assets -- might be compelling cryptos for investors who can't st ...