Latest news with #CLARITYActs
Yahoo
29-07-2025
- Business
- Yahoo
Citigroup sees 87% upside for surging tech stock
Citigroup sees 87% upside for surging tech stock originally appeared on TheStreet. Citigroup, the global investment banking and financial services giant, recently hiked its price target for the Coinbase (Nasdaq: COIN) stock from $270 to $505. Given the stock closed at $379.49 on July 28, Citigroup expects COIN to soar more than 30%. Founded in 2012, Coinbase is the largest crypto trading exchange in the U.S. The company, which went public in April 2021, joined the S&P 500 list in May 2025. The S&P 500 is a benchmark stock market index composed of large-cap tech companies. Coinbase is the only crypto stock on the much-coveted list, underlining the confidence investors have finally put in the digital assets not only credits the S&P 500 inclusion but also the progress on key crypto bills such as the GENIUS and CLARITY Acts in the U.S. for raising COIN's price target. The investment bank maintained a "Buy" rating on the stock. Q2 earnings report soon The crypto exchange reported $2 billion in total revenue and $66 million in net income in Q1 2025. The Q2 results are expected after market close on July 31. Zacks, the investment research firm, said Coinbase is likely to have recorded a rise in trading volume in the second quarter due to increased asset volatility and improved cryptocurrency prices. A higher share in the U.S. spot and derivatives markets, an expanded product portfolio, global market presence, and Deribit's acquisition, are also factors behind Coinbase's potential better performance, Zacks wrote. "Coinbase's Earnings ESP is +12.05%." It means Zacks expects the company to beat Wall Street's earnings forecast by around 12%. Citigroup sees 87% upside for surging tech stock first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared. 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
Business Insider
29-07-2025
- Business
- Business Insider
Falcon Finance Unveils Ambitious Roadmap and Reaches 1B in USDf Circulating Supply
Dubai, UAE, July 29th, 2025, Chainwire Falcon Finance today released its strategic roadmap for the next 18 months, marking its evolution from a synthetic-dollar innovator into a full-service financial institution that seamlessly connects traditional banking, centralized crypto and decentralized finance. Since its launch earlier this year, Falcon has reached $1 billion in USDf circulating supply, earning a place among Ethereum's top ten stablecoins by market cap, completed the industry's first live mint of USDf against Superstate's tokenized U.S. Treasury fund, and secured a 116 percent over-collateralization audit from milestones have established Falcon's reputation for institutional rigor and transparent risk management. Building on that foundation, Falcon's priorities for the remainder of 2025 include opening regulated fiat corridors in Latin America, Turkey, the eurozone and additional dollar markets to ensure 24/7 USDf liquidity with sub-second settlement SLAs. A multichain deployment will bring USDf to leading Layer 1 and Layer 2 networks, maximizing cross-chain capital efficiency for corporate treasuries and institutional trading desks. At the same time, Falcon will form partnerships with licensed custodians and payment agents to introduce bankable USDf products, overnight yield cash-management solutions, tokenized money-market funds and physical gold redemption services. Concurrent discussions with U.S. and international regulators aim to secure licenses under the GENIUS and CLARITY Acts and align Falcon's offerings with Europe's MiCA framework. Looking ahead to 2026, Falcon will deploy a modular real-world asset engine capable of onboarding corporate bonds, private credit and securitized USDf funds through SPV-backed structures. The protocol will expand into tokenized equities and USDf-centric investment vehicles on-chain, while developing bank-grade securitizations and licensed rails for automated yield distribution with institutional-level reporting. Falcon will also roll out expanded physical redemption services for gold and other high-value assets in key financial centers including the UAE, the broader MENA region and Hong Kong. Andrei Grachev, Managing Partner at Falcon Finance, said 'Surpassing $1 billion in USDf supply, validating our reserves through third-party audits and delivering the first live RWA mint have proven our ability to marry compliance with innovation. Now, by extending our fiat rails across every major market, modularizing real-world asset tokenization and enabling seamless interoperability between TradFi and CeDeFi, we are creating the connective tissue of tomorrow's financial system. Falcon is building a single, programmable liquidity layer that serves both institutional treasuries and the next generation of decentralized applications.' About Falcon Finance Falcon Finance is building the infrastructure layer that connects capital, collateral, and composability across onchain and offchain financial systems. Our mission is to create a unified framework where institutions, protocols, and capital allocators can transform assets into usable liquidity - transparently, securely, and with strategic flexibility. We enable the use of any yield-generating, custody-ready asset - whether crypto-native, tokenized real-world, or fiat-linked as enforceable collateral for issuing onchain liquidity and unlocking value across different financial domains. By combining legal structure, composable mint/redeem logic, and modular liquidity pathways, Falcon allows capital to move between forms and contexts supporting onchain strategies, institutional deployment, and real-world settlement alike. Learn more: Contact
Yahoo
24-07-2025
- Business
- Yahoo
XRP Pulls Back After Technical Surge; Pattern Still Points to $6 Target
XRP traded in a wide $0.11 range between $3.46 and $3.57 during the 24-hour period ending July 23 at 08:00 GMT. The asset posted a 3% swing as bulls drove price to a session high of $3.57 on 106.4 million volume, before profit-taking triggered a reversal back to $3.46. The late decline broke key support at $3.50, which had been retested multiple times overnight. Volume surged as institutional flows reacted to a confluence of catalysts: advancing U.S. crypto legislation, fresh ETF approvals, and long-awaited technical pattern completion. Analysts still point to $6–$15 price targets long term, but warn of short-term consolidation risk. News Background • XRP broke above $3.65 last week, completing a six-year symmetrical triangle.• ProShares launched the first XRP futures ETF, marking a milestone in regulated institutional access.• U.S. Congress advanced the GENIUS and CLARITY Acts, pushing forward crypto regulation clarity, fueling fund flows into large-cap digital assets. Price Action Summary The most aggressive move came at 17:00 GMT on July 22, when XRP jumped from $3.52 to $3.56 in under an hour on 106.4 million volume—over 50% above the daily average of 70.1 million. Resistance formed at the $3.56–$3.57 zone, capping upside and triggering a steady retreat through the overnight session. The final hour (07:10–08:09 GMT) saw a breakdown from $3.47 to $3.46, as volume spiked to 2.5 million between 07:37 and 07:49. That move cracked the previously firm $3.49–$3.51 support band, confirming a short-term trend shift as selling overwhelmed buyers. Technical Analysis • 24-hour trading range: $3.46–$3.57 (3.18%)• Bullish breakout at 17:00 July 22: $3.52 → $3.56 on 106.4M volume• Support zone: $3.49–$3.51 tested multiple times overnight, failed by session close• Resistance zone: $3.56–$3.57 capped rally, now defining next breakout point• Breakdown confirmation: $3.47 → $3.46 on 2.5M volume spike• RSI neutral; MACD turning lower — signals likely consolidation before next directional move What Traders Are Watching Institutional participation remains elevated amid ETF inflows and improving regulatory optics. Despite the near-term rejection at $3.57, analysts continue to flag bullish setups targeting $6.00 and even $15.00 over multi-month timeframes. The $3.50 level now acts as psychological pivot for bulls to defend in upcoming sessions. 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
Yahoo
14-06-2025
- Business
- Yahoo
Pro-XRP lawyer calls 70% shot at big win ahead for Ripple
Pro-XRP lawyer calls 70% shot at big win ahead for Ripple originally appeared on TheStreet. The years-long legal case surrounding the blockchain tech and payments firm Ripple took yet another turn as the crypto firm, along with the Securities and Exchange Commission (SEC), filed a joint motion to the District Court for the Southern District of New York on June 12. The motion renewed the parties' request to Judge Analisa Torres to grant an indicative ruling. It asked the court to dissolve a prior injunction and release $125 million held in an escrow. Earlier, Judge Torres denied a similar motion on May 15, calling it "procedurally improper.' The crypto community will keep a close watch on how she reviews the latest motion. Pro-XRP lawyer John Deaton is, however, 70% confident that Judge Torres will grant the motion that could bring the long legal battle to a final end. The SEC should have acknowledged the "overly aggressive" stance against crypto on the part of its prior leadership, which an appellate court found 'arbitrary and capricious,' Deaton opined. In her last judgment, Judge Torres asked the parties to demonstrate "exceptional circumstances" for her to vacate the ruling. Deaton said the SEC should have included a reference to pending crypto legislation such as the GENIUS and CLARITY Acts as an "exceptional circumstance." Ripple, on its part, should have highlighted how an injunction puts it at a disadvantage against competitors such as Circle (NYSE: CRCL), Deaton added. The argument submitted, the lawyer claimed, could be summed up as: 'Look judge, elections have consequences, and this is one of them.' It was in December 2020 that the SEC sued Ripple for the sale of allegedly unregistered XRP securities worth $1.3 billion. In July 2023, Judge Torres ruled that while the sale of tokens to institutional investors violated securities laws, their sale to retail investors didn't. In the run-up to the 2024 presidential election, Ripple's chief legal officer, Stuart Alderoty, personally donated $300,000 in XRP to Trump's campaign in June 2024. Once Trump won the election, Ripple Labs donated $5 million in XRP to his inaugural committee. Thereafter, Ripple and the SEC reached a settlement on March 25, as per which the company will pay $50 million of the original $125 million penalty, with the remainder refunded from escrow. The regulator has dropped cases against other crypto giants such as Coinbase (Nasdaq: COIN) and Binance. As per Kraken, XRP was trading at $2.16 at press time. Pro-XRP lawyer calls 70% shot at big win ahead for Ripple first appeared on TheStreet on Jun 14, 2025 This story was originally reported by TheStreet on Jun 14, 2025, where it first appeared.
