Latest news with #Bitcoin
Yahoo
12 minutes ago
- Business
- Yahoo
Circle Internet (CRCL) Surges 9.3% as Market Enters 'Crypto Week'
We recently published . Circle Internet Group (NYSE:CRCL) is one of Monday's top performers. Circle Internet rebounded from the previous trading day's losses on Monday, gaining 9.27 percent to close at $204.7 apiece as investors took heart from this week's expected passage of three measures that would regulate the framework for digital currencies. Over the next few days, the House of Representatives is expected to pass three measures, namely the Genius Act, the Clarity Act, and the Anti-CBDC Surveillance State Act, which, if passed into law, could support Circle Internet Group's (NYSE:CRCL) aggressive expansion into the digital asset sector. 10 Companies Buying Bitcoin Like There's No Tomorrow Weeks earlier, Circle Internet Group (NYSE:CRCL) announced the official submission of an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank, First National Digital Currency Bank, N.A. If approved, the bank would be authorized to operate as a fully regulated trust institution and would oversee the management of the USDC stablecoin reserve on behalf of Circle. While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
12 minutes ago
- Business
- Economic Times
Cryptocurrency Live News & Updates : Crypto Bills Face Delay in U.S. House Vote
16 Jul 2025 | 12:55:13 AM IST The U.S. House's progress on digital asset legislation stalled due to a procedural vote objection from the House Freedom Caucus, causing uncertainty in the crypto markets. A new vote is scheduled for later today, with bipartisan support still strong for the bills. The U.S. House of Representatives encountered a setback in its efforts to pass crucial cryptocurrency legislation as the House Freedom Caucus raised objections during a procedural vote. This unexpected delay has created uncertainty in the crypto markets, despite strong bipartisan support for the bills, which are expected to be voted on later this week. Meanwhile, JPMorgan's CEO Jamie Dimon announced the bank's intention to engage more with stablecoins, highlighting their growing importance for cross-border payments amid impending U.S. regulations. Citigroup's CEO Jane Fraser also confirmed the bank's exploration of launching its own stablecoin, emphasizing the significance of digital assets in modern finance. Additionally, Bitcoin has shown signs of a potential surge, breaking out from an inverted head-and-shoulders pattern, suggesting it could reach $160,000. Lastly, Marc Vanlerberghe from the Algorand Foundation argues for the need to simplify blockchain experiences for mainstream adoption, advocating for 'gated communities' that make crypto more accessible to everyday users. Show more
Globe and Mail
17 minutes ago
- Business
- Globe and Mail
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
VANCOUVER, British Columbia, July 15, 2025 (GLOBE NEWSWIRE) -- LQWD Technologies Corp. (TSXV:LQWD) (OTCQX: LQWDF) (' LQWD ' or the ' Company ') a Canadian-based Bitcoin-backed company and provider of enterprise-grade infrastructure for the Bitcoin Lightning Network, is pleased to announce the launch of an at-the-market equity program (the ' ATM Program ') that allows the Company to issue up to $10,000,000 of common shares in the capital of the Company (the ' Common Shares ') from treasury to the public from time to time, at the Company's discretion. The ATM Program strengthens LQWD's ability to execute strategically and supports its strategy to rapidly accumulate Bitcoin as a core asset, which the Company uses to fuel and expand its global Lightning Network infrastructure. Bitcoin plays a vital role in LQWD's strategy, powering the Lightning Network and acting as a key long-term asset in the Company's treasury. Distributions of the Common Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement (the ' Equity Distribution Agreement ') dated July 15, 2025 between the Company and Haywood Securities Inc. (the ' Agent '). 'We continue to make strong progress, and with our recent financing now complete and the ATM in place, we're well-positioned to accelerate our next phase of growth,' said Shone Anstey, CEO of LQWD Technologies. ' Our vision is to lead in the Lightning Network ecosystem, with Bitcoin holdings remaining a core pillar of that strategy.' Pursuant to the Equity Distribution Agreement, upon delivery of a placement notice by the Company, if any, the Agent may sell the Common Shares in Canada only, including, without limitation, sales made directly on the TSX Venture Exchange (' TSXV ') or any other recognized marketplace upon which the Common Shares are listed or quoted or where the Common Shares are traded in Canada. No Common Shares will be offered or sold in the United States. The volume and timing of distributions under the ATM Program, if any, will be determined in the Company's sole discretion. The ATM Program will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Program and December 31, 2025, unless terminated prior to such date by the Company or the Agent. As Common Shares sold in the ATM Program will be issued and sold at the prevailing market price at the time of the sale, prices may vary among purchasers during the period of the distribution. The Company expects to use the net proceeds from the ATM Program for the continued development and growth of Company and its businesses, including future acquisitions, research and development, and marketing initiatives. Until applied, some or all of the net proceeds of the ATM Program, if any, may be held as cash balances in the Company's bank account or invested at the discretion of the Company. The offering under the ATM Program will be made pursuant to a prospectus supplement dated July 15, 2025 (the ' Prospectus Supplement ') to the Company's short form base shelf prospectus for the province of Québec and the amended and restated short form base shelf prospectus amending and restating the final short form base shelf prospectus dated April 11, 2024, for each of the provinces and territories of Canada, except Québec dated June 30, 2025 (the ' Base Shelf Prospectus '). Completion of the distribution under the Prospectus Supplement in its entirety will constitute a material fact and a material change for the Company in accordance with applicable securities legislation. The Prospectus Supplement, the Base Shelf Prospectus, and the Equity Distribution Agreement can be accessed under the Company's profile on SEDAR+ at and on the Company's website at Alternatively, the Agent will send copies of the Prospectus Supplement, the Base Shelf Prospectus and Equity Distribution Agreement, as applicable, upon request by email at ecm@ No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About LQWD LQWD Technologies Corp. is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity. With a strategic Bitcoin treasury and infrastructure positioned for scalability, LQWD offers investors unique exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution. For further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: ashley@ Website: X: @LQWDTech Forward-Looking Statements This news release contains certain 'forward-looking statements'. All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements reflect the current expectations and beliefs of the Company based on information currently available to the Company. Such forward-looking statements include statements relating to the ATM Program, including the completion and anticipated timing for completion of the ATM Program, the potential size of the ATM Program, the Company's intended use of the net proceeds of the ATM Program, the receipt of all necessary regulatory approvals, including the approvals of the TSXV, and the Company's development and growth plans. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Kuwait Times
23 minutes ago
- Business
- Kuwait Times
Bitcoin climbs to record $123,000
US to debate crypto rules • Crypto market value hits $3.81 trillion SINGAPORE: Bitcoin surpassed $120,000 for the first time on Monday, marking a milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week. Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4 percent higher around $122,000. Later in the day, the US House of Representatives will debate a series of bills to provide the digital asset industry with the nation's regulatory framework it has long demanded. Those demands have resonated with US President Donald Trump, who has called himself the 'crypto president' and urged policymakers to revamp rules in favor of the industry. 'It's riding a number of tailwinds at the moment,' said IG market analyst Tony Sycamore, citing strong institutional demand, expectations of further gains and support from Trump as reasons for the bullishness. 'It's been a very, very, strong move over the past six or seven days and it's hard to see where it stops now. It looks like it can easily have a look at the $125,000 level,' he said. The surge in bitcoin, which is up 30 percent so far this year, has sparked a broader rally across other cryptocurrencies over the past few sessions even in the face of Trump's chaotic tariff policies. Ether, the second-largest token, scaled a more than five-month peak of $3,059.60, while XRP and Solana gained about 3 percent each. The sector's total market value has swelled to about $3.81 trillion, according to data from CoinMarketCap. 'What we find interesting and are watching closely are the signs that bitcoin is now being seen as a long-term reserve asset, not just by retail investors and institutions but even some central banks,' said Gracie Lin, crypto exchange OKX's Singapore CEO. 'We're also seeing increasing participation from Asia-based investors, including family offices and wealth managers. These are strong signs of bitcoin's role in the global financial system and the structural shift in how it is perceived, suggesting that this isn't just another hype-driven rally,' Lin said. Meanwhile, Wall Street fell marginally on Monday as investors ran into President Donald Trump's latest tariff threats against the EU and Mexico, starting a week loaded with economic data and major second-quarter earnings. Trump ramped up trade tensions over the weekend, vowing to slap a 30 percent tariff on most imports from the European Union and Mexico starting August 1 - a move that leaves the clock ticking for last-minute trade deals. The EU extended its pause on retaliatory measures until early August, holding out hope for a negotiated truce. The White House said talks with the EU, Canada and Mexico are still underway. Trump's latest salvo follows last week's tariff offensive, which targeted the United States' close allies like Canada, Japan, and South Korea, and a 50 percent duty on copper. Yet, investors barely flinched, having grown accustomed to Trump's tariff threats and his track record of last-minute reversals. – Reuters
Sydney Morning Herald
32 minutes ago
- Business
- Sydney Morning Herald
‘Bigger than Amazon': Trump's crypto genius is about to hit Aussie bitcoin believers
'Bitcoin has now overtaken silver and Amazon to become the fifth-largest global asset, as investors increasingly see it as a complement to gold. With subdued retail activity, this rally is being led by ETFs, corporates, and long-term holders, not speculation. 'The United States is rapidly cementing its position as the global hub for digital asset investment.' By comparison, some Australian industry participants are becoming frustrated at what they perceive as a glacial pace of innovation. Labor has proposed licensing, sandbox, and stablecoin frameworks – bills that could look similar to the proposed US laws – but is yet to introduce draft legislation. There's also plenty of scepticism to contend with: Reserve Bank governor Michele Bullock last year said bitcoin had 'no role' in the Australian economy or payments system, and ASIC chair Joe Longo has also dismissed bitcoin's rally as an example of 'the bigger fool theory' in which overvalued assets can be resold to naive buyers. Australian senator Gerard Rennick last month enraged the global bitcoin community when he branded the cryptocurrency a 'Ponzi scheme'. Loading Lucas said that while Labor made meaningful progress with cryptocurrency reforms over the past 12 months, patience was beginning to wear thin. 'Institutional capital moves at scale and speed; we need more than consultation papers,' she said. 'The industry is eager to see bold yet balanced implementation to ensure we remain globally competitive. Australia risks falling behind if we don't act with the same urgency [as the US].' David Lavecky, chief executive of blockchain finance firm Canvas, said Australia could use its own 'crypto week' to spur investment. Steps like the Reserve Bank's digital currency pilot 'Project Acacia' should be welcomed, according to Lavecky, but he agreed with Lucas that more urgency is required. 'An Australian 'crypto week' must be about substance, not hype,' he said. 'We would showcase regulated innovation like Project Acacia's tokenised bonds and stablecoins, not just trading chatter. 'The government is making the right moves ... Stablecoin laws and the RBA's Project Acacia are exactly where blockchain should be focused: improving financial markets' efficiency, cutting costs and improving liquidity in financial markets.' While institutional investors are leading the bitcoin frenzy, some retail investors are eager not to miss out. Almost a third (31 per cent) of Australian adults now own cryptocurrency, according to the Independent Reserve Cryptocurrency Index, with Baby Boomers the fastest-growing cohort. Edward Carroll, head of global markets at MHC Digital Group, is urging prospective investors to take a breath, however. 'Bitcoin should be a considered component of a diversified portfolio, not an all-in investment,' he said. Loading 'Rather than reacting to short-term market noise, investors should take a long-term perspective on the asset... We would encourage a dollar-cost averaging strategy to smooth out short-term sentiment-driven swings. Its strong performance reflects broader concerns about a debt-laden financial system, with many investors seeing it as a hedge against inflation and negative real yields in traditional fixed income markets.' For BTC Markets analyst Lucas, not all digital assets are created equal. Bitcoin was the world's first cryptocurrency, and has disparate characteristics to meme coins and other newer digital assets. 'Bitcoin, for example, has a fixed supply of 21 million, that scarcity underpins its investment thesis and role as a potential store of value,' she said. 'Many other tokens don't have that feature, which affects their long-term appeal. 'As always, risk management remains essential. Volatility is part of the asset class. Investors should take a long-term view, diversify sensibly, and ensure they understand what they're investing in.'
