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Globe and Mail
25 minutes ago
- Business
- Globe and Mail
Top Cryptocurrency Stocks to Buy Amid Regulatory Tailwinds
An updated edition of the June 9, 2025 article. Cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, Dogecoin, XRP, Stablecoins and Altcoins are powered by blockchain technology, which comprises complex cryptography and software that creates an immutable and decentralized database. Blockchain's safety and decentralization features have been among the major drivers behind the proliferation of cryptocurrencies. The system offers enhanced security for users, as it maintains a tamper-resistant record of transactions and keeps track of the owner. Positive industry developments like the repeal of an accounting rule by the U.S. Securities and Exchange Commission ('SEC'), and the agency's decision to drop lawsuits against Coinbase COIN and Robinhood HOOD are noteworthy developments. The passing of the GENIUS Act on July 17 provides a legal background to stablecoins. Other pending regulations — The CLARITY Act and The Anti-CBDC Surveillance State Act — bode well for cryptocurrency enthusiasts. Cryptocurrencies have been benefiting from the liberal policies of U.S. President Donald Trump. An executive order by President Trump that directed a working group to study and propose changes to cryptocurrency regulations bodes well for crypto enthusiasts. President Trump's announcement of creating a crypto reserve augurs well for cryptocurrency miners, including IREN Limited IREN, Cipher Mining CIFR, and exchanges like Coinbase and CME Group CME. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. However, volatility remains a headwind. Over the trailing 12 months, Bitcoin has traded between a low of $53,997.96 and a high of $119,963.30. Over the past seven days, Bitcoin has decreased 0.7%, whereas Ethereum, Solana, Cardano, Dogecoin, and XRP have surged 15.9%, 18%, 14.7%, 27% and 16.6%, respectively. Apart from cryptocurrency miners and exchanges, Amazon AMZN and NVIDIA NVDA are attractive choices. Our Cryptocurrencies & Blockchain Screen is an invaluable source for identifying Crypto and blockchain stocks with massive growth prospects. Explore 30 cutting-edge investment themes with Zacks Thematic Screens and uncover your next big opportunity. 3 Crypto & Blockchain Stocks to Buy Right Now Robinhood benefits from higher retail participation in markets that is expected to drive trading revenues. This Zacks Rank #1 (Strong Buy) company's initiative to diversify its product base to acquire new clients and gain market share is noteworthy. You can see the complete list of today's Zacks #1 Rank stocks here. Launch of tokenized stocks in the European Union (EU) in June, prediction markets hub (March 2025), options trading in the U.K., Futures market, Tax Lots feature for its investors, Robinhood Gold Card (March 2024) for its Robinhood Gold customers, thereby venturing into the credit card space, are noteworthy. In October 2024, HOOD launched Index Options and Robinhood Legend to focus on web traders. In November 2024, Robinhood added four cryptocurrencies to its platform, bringing the total number of cryptocurrencies available for trading to 19. However, HOOD operates in a highly regulated industry, and hence it is exposed to regulatory risks, resulting in hefty fines and restrictions that may affect its profitability. Reportedly, the company is under investigation by Lithuania's central bank, its lead regulator in the European Union, regarding the newly launched tokenized equity products. Cipher Mining is expected to benefit from expanding opportunities at Black Pearl and Barbara Lake and longer-term expansion in 2026 and 2027. Black Pearl is the company's 300-megawatt data center in Wink, TX. Phase 1 is currently under construction and will feature 150 megawatts of air-cooled Bitcoin mining rigs. CIFR is evaluating options for the usage of the remaining 150 megawatts of capacity, including plans to build Phase 2 of the data center for Higher Performance Computing (HPC) hosting. This Zacks Rank #2 (Buy) company has inked a partnership with Fortress to develop a next-generation data center at the Barber Lakes site, driven by available capacity of 300 megawatts and 587 acres of surrounding land, in addition to its already energized substation. Cipher Minning plans to expand the facility with an additional 500-megawatt data center adjacent to the current 300-megawatt site. The additional 500 megawatts of capacity are expected to come online by 2029. The latest site acquisition in Andrews County, TX, called Stingray, adds 100 megawatts of front-of-the-meter capacity and 250 acres of land adjacent to the transmission assets. The site is expected to energize in the third quarter of 2026. Another Zacks Rank #2 stock, IREN Limited, is one of the world's largest and lowest-cost Bitcoin miners, achieving 326% year-over-year hashrate growth in third-quarter fiscal 2025. IREN Limited achieved its 50 EH/s installed hashrate target in June. The company paused further expansion to prioritize continued build-out of AI verticals. IREN is benefiting from growing Bitcoin mining revenues. In third-quarter fiscal 2025, Bitcoin Mining revenues jumped 24% year over year to $141.2 million. The momentum is expected to have continued in the fiscal fourth quarter. In April, May and June, IREN reported revenues of $50.1 million, $64.7 million and $65.5 million, respectively, aggregating to $180.3 million for fiscal fourth quarter. The company mined 1,514 Bitcoins in third-quarter fiscal 2025 as compared with 1,347 in the previous quarter. IREN mined 579, 627 and 620 Bitcoins in April, May and June, respectively. AI Cloud revenues are accelerating, which bodes well for IREN Limited. In third-quarter fiscal 2025, AI Cloud services revenues jumped 33% year over year to $3.6 million. The company is supplying white labelled compute to leading US AI cloud providers. In April, May and June, IREN reported revenues of $2 million, $2.2 million and $2.2 million, respectively. Research Chief Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report Cipher Mining Inc. (CIFR): Free Stock Analysis Report IREN Limited (IREN): Free Stock Analysis Report
Yahoo
an hour ago
- Business
- Yahoo
Jim Cramer on CleanSpark: 'You Can Speculate With It'
CleanSpark, Inc. (NASDAQ:CLSK) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock, Cramer made a positive comment about it but noted that it is still speculative. He said: 'Okay, alright, CleanSpark is another one of these stocks that, I mean, frankly, I didn't even know JPMorgan followed that one. I'm not so sure they do. It's another one of those stocks that one headline is going to roll. So, I now say it's okay to have a speculative, look, you can speculate with it as long as you understand that it's speculation and nothing more.' Photo by Bitcoin Executium on Unsplash CleanSpark (NASDAQ:CLSK) operates as a bitcoin mining company and owns data centers that support the Bitcoin network. The company reached its mid-year goal of 50 EH/s in operational hashrate in June 2025, becoming the first Bitcoin miner to achieve this through fully self-operated infrastructure. The milestone reflects a 9.6% monthly increase and improved energy efficiency. The company's CEO commented: 'I want to express my gratitude to our team, especially our COO Scott Garrison and CTO Taylor Monnig, for their grit and leadership. Under their direction, the tireless efforts of our operations and technology teams resulted in the addition of over 10 EH/s of capacity across four states to achieve the ambitious target. With the talent, infrastructure and power contracts in place, CleanSpark is well-positioned to continue scaling.' While we acknowledge the potential of CLSK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. 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
Time of India
2 hours ago
- Business
- Time of India
‘Stop saving Fake $': Rich Dad author Robert Kiyosaki warns of ‘biggest crash in history'; urges investors embrace gold, silver and Bitcoin
Personal finance author Robert Kiyosaki has once again raised alarm over the state of the global financial system, urging investors to abandon fiat currencies and instead turn to real assets like gold, silver, and Bitcoin. Tired of too many ads? go ad free now In a fresh social media post on X, the Rich Dad Poor Dad author reiterated his long-standing criticism of central banks, warning that the US economy is on the brink of a historic collapse. 'Stop saving FAKE $,' Kiyosaki wrote, advising his followers to 'Start saving real gold, silver, Bitcoin.' Referring to his well-known principle, he added: 'Rich Dads Rule: 'Savers are Losers.'' Kiyosaki slammed the US Federal Reserve for repeatedly responding to financial crises by expanding the money supply, calling it a form of 'printing fake money.' He listed several examples including the 1987 market crash, the 1998 collapse of Long-Term Capital Management, the 2019 repo market seizure, the Covid-19 pandemic, and the Silicon Valley Bank crash, claiming that in each instance, the Fed's solution was the same, print more money. 'It's not a new crisis... it's the same crisis getting bigger,' he argued, describing what he sees as a pattern of systemic failure. He warned that America has now become 'the biggest debtor nation in history... because of the FED,' and reaffirmed his belief that 'The Biggest Crash in history is coming… soon.' According to ET, Kiyosaki has consistently positioned himself as a critic of modern monetary policy and a staunch advocate for alternative stores of value. His posts in recent months have included bullish predictions for silver, with the author claiming the metal is still 'significantly undervalued' and suggesting that its price could double. Tired of too many ads? go ad free now Kiyosaki's warnings echo a broader scepticism held by some financial commentators about the sustainability of high debt levels and the long-term value of fiat currency in a low-interest, high-liquidity environment. While his views are controversial, they continue to resonate with a growing number of investors seeking protection from perceived monetary instability. This latest post reaffirms Kiyosaki's core message, steer clear of cash and paper assets and instead prioritise tangible alternatives to safeguard long-term wealth. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
New York Post
2 hours ago
- Business
- New York Post
Krispy Kreme, GoPro and Beyond Meat shares soar in revival of meme stock craze
Shares in a donut chain, camera company and meat-substitute maker surged Wednesday in a revival of meme stocks. Krispy Kreme, the North Carolina-based chain with about 350 shops, soared as much as 25% on Wednesday. GoPro, famous for its miniature action cameras, jumped 49% while Beyond Meat rose 11%. 3 Krispy Kreme Cake Batter donuts on display in a Times Square shop. Stephen Yang Shares in Opendoor Technologies, an online platform that buys and sells real estate, plummeted 18% after a wild week in trading – rising more than 300% over the past week. Kohl's shares also fell 13% after gaining about 40% at the start of this week. Social media buzz around the stocks and short squeezes spurred the rally, despite little change in these companies' business fundamentals, according to Daniela Hathorn, senior market analyst at 'Krispy Kreme seems to be the latest addition to the frenzy,' Hathorn said in a note. 'Like the others, there was no significant news to justify the rally, just sheer retail momentum.' It's an apparent comeback for meme stocks, reminiscent of the GameStop chaos four years ago that famously forced Gabe Plotkin to shut down his hedge fund Melvin Capital Management. 3 Shares in Krispy Kreme soared Wednesday. AP Similar to that initial GameStop craze, this latest bout of meme stocks are soaring alongside broader market optimism. The S&P 500 has notched another all-time high and Bitcoin has doubled in less than a year. Call volume on Krispy Kreme skyrocketed Tuesday, hitting a record of over 100,000 contracts trading – about 71 times the average daily volume over the past four years, according to a Bloomberg analysis. Every morning, the NY POSTcast offers a deep dive into the headlines with the Post's signature mix of politics, business, pop culture, true crime and everything in between. Subscribe here! GoPro saw its highest call volume since 2021 with over 56,000 contracts, according to Bloomberg. Traders on the WallStreetBets page on Reddit, known for orchestrating meme stock movements, suggested several companies, including Krispy Kreme. The revival started last week, as shares in Opendoor surged massively – though Eric Jackson, founder and president of EMJ Capital, argued that Opendoor is not a true meme stock. 3 A small GoPro action camera. Gabe Shakour – 'I got into it because this is a real business. It's got a real platform that it's built and it's definitely fallen on hard times, that's why the stock is down like 99% or whatever it is from its all-time highs, but I just think the market got overly pessimistic about this,' Jackson told Bloomberg Podcasts on Tuesday. Kohl's, meanwhile, had more than doubled at one point on Tuesday. Other stocks with relatively high short interest, like The Campbell's Co., Aehr Test Systems, Polaris and Wendy's, also attracted buyers this week.
Cision Canada
2 hours ago
- Business
- Cision Canada
Cango Inc. Announces Completion of Secondary Acquisition and Appointment of New Leadership Team
HONG KONG, /CNW/ -- Cango Inc. (NYSE: CANG) today announced its transformation into a global Bitcoin miner with the appointment of a new Board of Directors (the "Board") and senior management team with deep expertise in digital-asset infrastructure, finance, and energy investments. On July 23, 2025, the Board appointed (i) Mr. Xin Jin as Chairman of the Board and Non-Executive Director, (ii) Mr. Peng Yu as CEO and Director, (iii) Mr. Chang-Wei Chiu as Director, (iv) Mr. Yongyi Zhang as CFO and (v) Mr. Simon Ming Yeung Tang as CIO To strengthen governance, the Board also appointed (i) Mr. Chi Ming Lee, Independent Director, as a member of the Compensation Committee and Nominating and Corporate Governance Committee, (ii) Mr. Yanjun Lin, Independent Director, as Chairman of the Compensation Committee and member of the Nominating and Corporate Governance Committee, and (iii) Mr. Haitian Lu as Chairman of the Nominating and Corporate Governance Committee and member of the Compensation Committee. The Board also accepted the resignations of Mr. Xiaojun Zhang as Director and Chairman, and Mr. Jiayuan Lin as CEO, Interim CFO, and Director. All changes are effective immediately. Mr. Peng Yu, CEO and Director, commented, "This leadership team gives Cango the right mix of skills to execute our next phase of growth. Having successfully transformed into a Bitcoin miner, we have already made remarkable progress in the past 7 months by becoming one of the largest Bitcoin miners in the world. With a strong balance sheet and clear long-term vision, our collective experience will help us scale beyond the 50 EH/s already deployed, not only safeguarding but strategically growing our treasury of more than 4,000 Bitcoins to maximize shareholder value. We will begin developing sustainable, high-performance computing opportunities while strategically expanding upstream into dedicated power resources especially green energy that will create lasting value for shareholders and drive further growth." Mr. Xiaojun Zhang and Mr. Jiayuan Lin resigned as co-founders coinciding with a secondary sale of 10 million Class B shares to Enduring Wealth Capital Limited for US$70 million. They converted their remaining Class B shares into Class A shares, now holding 18.54% of total outstanding shares and 12.07% of voting power. Enduring Wealth Capital Limited now holds about 2.82% of outstanding shares and 36.73% of voting power.. Investor Relations Contact
