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- Prediction: XRP Will Be Worth $250 Billion by 2030
The author predicts XRP will reach $4 by 2030, tripling from its current $1.30 and lifting its market cap from $83 billion to $250 billion. That would be a new all-time high, above XRP's previous peaks of $3.84 in 2018 and $3.65 in 2025. The author argues triple-digit growth targets for cryptocurrencies are unrealistic, citing JPMorgan's forecasts of 10% annualized growth for Bitcoin in its base case and 17% in its best case, and expects XRP to grow about 30% annually. The article also notes that stablecoins pegged 1:1 to the U.S. dollar are taking over part of XRP's cross-border payment role, and recent Ripple announcements, including final OCC approval for a national trust bank, highlight Ripple USD rather than XRP.
- Phantom launches Kalshi-powered prediction markets for US users
Crypto wallet Phantom has launched prediction markets for eligible US users through an integration with Kalshi, letting them trade on crypto prices, sports and other real-world events within its app. The offering includes CFTC-regulated event contracts such as short-term Bitcoin price markets that settle every 15 minutes, and trades can be funded with Phantom Cash balances denominated in the CASH stablecoin. Kalshi handles customer verification, account management and trade execution, while Phantom provides access through a new Predict tab, with availability varying by state and market category. The launch follows no-action relief the CFTC granted in March, which lets Phantom connect users to regulated markets without registering as an introducing broker, while the agency sued Utah on Monday after the state challenged Kalshi's event contracts under its gambling laws. Despite the legal dispute, Kalshi recorded $10.8 billion in crypto contract volume over the 30 days ending Oct. 27, up 19.6% from the previous period.
- This Top Investment Strategist Thinks a Bitcoin Supercycle Is Coming Soon. Here's Why He's Wrong.
The article argues a Bitcoin “supercycle” probably isn't coming soon and that past supercycle calls have a poor record. James Thorne, chief market strategist at Wellington-Altus Private Wealth, said in an interview with Bitcoin Magazine on Oct. 15 that he expects a run “for the ages” and that the four-year cycle is no longer relevant. He cites the Genius Act stablecoin law, growing asset tokenization, and spot Bitcoin ETFs that had drawn $57.8 billion in cumulative net inflows as of Oct. 20. The article counters that “supercycle” has no fixed definition and that such predictions often appear early in bull markets and have failed before, and it outlines an approach of accumulating Bitcoin gradually in small amounts, without overweighting it in the portfolio, and holding for at least five years.
- Kalshi To Allow Betting With Bitcoin-Backed Loans
Prediction market Kalshi will let some clients post cryptocurrencies such as Bitcoin, Ethereum and select stablecoins as collateral for leveraged perpetual-futures trades. The arrangement runs through digital-asset custodian BitGo Holdings (NYSE: $BTGO), allowing Kalshi Prime customers to borrow against crypto held there and use the proceeds to fund margin positions on Kalshi's main prediction market. Other custodians are expected to join in the coming months. Analysts say the move could appeal to crypto investors and digital-asset trading firms. Kalshi is privately held, so its stock does not trade on a public exchange.
- Circle Internet Jumps 6% as OCC Finalizes GENIUS Act Stablecoin Rules; Strategy Surges 8%, Coinbase Climbs 5%
Circle Internet rose 6% to $90.65 after the Office of the Comptroller of the Currency (OCC) finalized its GENIUS Act rules for stablecoin issuers, which take effect next January. Strategy climbed 8% to $154.41 and Coinbase rose 5% to $178.86, while the iShares Bitcoin Trust ETF gained 3%. Circle's Q2 2026 revenue rose 6.6% to $701.3 million and average USDC in circulation climbed 25% to $76.5 billion, though its reserve return rate slipped to 3.5%. Coinbase remains down 21% year to date, while Circle is up 14%.
- What Is a Bitcoin-Backed Loan? Borrowing Against BTC Explained
The article explains that Bitcoin-backed loans let holders pledge BTC as collateral to borrow dollars or stablecoins, keeping their Bitcoin exposure and often avoiding a taxable sale, though rules vary by jurisdiction. Loan-to-value ratios typically range from about 30% to 70%, and borrowers face margin calls or liquidation if Bitcoin's price falls sharply. Lenders are either centralized companies such as Ledn, Strike, Unchained, Nexo and Coinbase, or DeFi protocols such as Aave and Morpho. The market has returned in a more cautious form since Celsius and BlockFi went bankrupt in 2022, with published rates still running from about 5.8% to 14%. Galaxy Research put total crypto-backed loan volume at $56.16 billion in Q2 2026, down 16.8% from the previous quarter.
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- Vertiv Guides for 38% Growth, GE Vernova's Orders Jumped 96%. Which AI Power Stock Is the Better Buy After the Sell-off?
Vertiv and GE Vernova, both suppliers of AI data center infrastructure, beat Wall Street estimates in their third-quarter reports. Vertiv's revenue rose 61% year over year and it expects 38% organic growth for the full year, while GE Vernova's revenue rose 27% and its orders jumped 96% organically, with full-year revenue guided up 22%-25%. Both stocks remain well below their all-time highs from earlier this year (45% and 24% respectively), after the Fed raised benchmark rates for the first time in three years this September. Vertiv faces supply constraints and possible margin pressure from its UtilityInnovation Group acquisition, while GE Vernova's Wind segment remains weak and its planned Trench Group deal could compress margins. The author expects Vertiv's EPS to grow faster (49% CAGR vs 24% from 2025 to 2028) and notes it trades at 25 times next year's earnings versus 37 times for GE Vernova, so if forced to choose one, the author would pick Vertiv.
- Why Robinhood thinks we're at the beginning of a prediction market supercycle
Robinhood CFO Shiv Verma says prediction markets are attractive because they are simple, show probabilities clearly, span many asset classes, and make the brokerage and crypto businesses better. The company recently announced KPI contracts on Apple, such as iPhone shipments, revenue and EPS, letting users express specific views without taking basis risk. Verma says prediction markets are up seven times year over year, with volume of about 6 billion monthly or quarterly, versus about 10 billion a day in Robinhood's equities business. The product currently serves mainly US retail investors, but institutions are making inquiries and the company expects global growth; Verma believes each new product tends to be additive and that over a five to 10 year view the business could become as large as the US equities market.
- More Americans Have Tried Crypto, But Few Are Sticking With It: Survey
An Ipsos survey for the DeFi Education Fund found 22% of U.S. adults have ever owned or used crypto, up from 18% in 2025, but past-year use held flat at 13%, with growth coming mostly from people who had stepped away. Only 4% have high trust in crypto exchanges, versus 42% for large national banks, and only 19% say the financial system is secure. Just 2% of respondents are very familiar with DeFi, though 40% say they would be at least somewhat likely to try it. Interest in learning about stablecoins fell to 7% from 11%, and about DeFi to 8% from 11%, even after the GENIUS Act set federal stablecoin rules. The survey polled 1,545 adults from Sept. 8 to 16 with a margin of error of plus or minus 2.8 percentage points.
- 'Wall Street Cares About Free Cash Flow Now': Bloomberg's Ed Ludlow on Buyouts and AI Spending
Bloomberg Tech host Ed Ludlow said Wall Street's growing demand for free cash flow is pushing Big Tech to cut costs as AI spending soars. He made the comments days after Microsoft Corp. (NASDAQ:MSFT) reportedly offered voluntary buyouts to about 60,000 employees.
- Chipotle Mexican Grill is about to report earnings. Here's what to expect
Chipotle Mexican Grill reports quarterly earnings after the bell on Wednesday. Based on LSEG analysts, the company is expected to post earnings of 29 cents per share and revenue of $3.29 billion, while StreetAccount estimates same-store sales growth of 1.5%. The article says Chipotle appears to have fully rebounded from a weak 2025, when traffic and same-store sales fell. Its shares have fallen nearly 22% this year, bringing market cap to about $36 billion, and Semafor reported the company hired advisors to defend against activist investors or an unwanted takeover.
- Why higher yields are making bonds attractive again
J.P. Morgan Asset Management global market strategist Stephanie Aliaga said higher yields have made fixed income more attractive in portfolios. She noted clients are wary of the AI trade, though she sees its fundamentals, particularly AI-related revenue growth, as still robust, while the market is entering a more discerning phase where higher financing costs separate business models. She still views the outlook for risk assets as constructive but stressed the need for protection in portfolios, as past recessions were largely missed by forecasts. On the Fed's expected December hike and possibly another in Q1 or Q2 next year, she believes this is already priced in; if inflation cools and geopolitical tensions do not flare up, markets could see relief that might also help parts of the AI trade that had become overstretched.
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