An updated edition of the June 9, 2025 article.
Cryptocurrencies like Bitcoin, Ethereum, Solana, Cardano, Dogecoin, XRP, Stablecoins, and Altcoins are built on blockchain technology. This intricate system uses cryptography and software to create a decentralized, unchangeable database. Blockchain’s security and distributed nature have been key drivers for crypto’s growth, offering users a tamper-resistant record of transactions and ownership.
- The U.S. SEC repealed an accounting rule and dropped lawsuits against Coinbase and Robinhood.
- The GENIUS Act, passed July 17, provides legal backing for stablecoins.
- President Trump’s policies, including exploring a crypto reserve, benefit miners and exchanges.
- Bitcoin has seen significant price swings but experienced a slight dip recently, while other cryptocurrencies surged.
- Robinhood, Cipher Mining, and IREN Limited are highlighted as investment opportunities.
What’s driving the crypto market forward? Recent positive industry developments, including a significant regulatory shift by the U.S. Securities and Exchange Commission (SEC), are boosting confidence. The SEC repealed an accounting rule and dropped lawsuits against major players like Coinbase and Robinhood. Furthermore, the GENIUS Act, passed on July 17, offers a legal framework for stablecoins. Upcoming legislation, including The CLARITY Act and The Anti-CBDC Surveillance State Act, also signals a more favorable environment for cryptocurrency enthusiasts.
Crypto’s Policy Windfall
Cryptocurrencies are also benefiting from a more supportive policy landscape. U.S. President Donald Trump’s administration has shown a liberal approach. An executive order directing a working group to study cryptocurrency regulations has been viewed positively. President Trump’s announcement about creating a crypto reserve is particularly encouraging for cryptocurrency miners and exchanges such as IREN Limited, Cipher Mining, Coinbase, and CME Group.
Bitcoin’s Volatile Ride
Bitcoin, the leading cryptocurrency, has experienced significant growth. This surge is attributed to its increasing acceptance as a non-sovereign asset and rising institutional and corporate adoption. Despite this positive trend, volatility remains a challenge. Over the past 12 months, Bitcoin’s price has ranged from $53,997.96 to $119,963.30. In the last seven days, Bitcoin saw a 0.7% decrease, while Ethereum, Solana, Cardano, Dogecoin, and XRP reported gains of 15.9%, 18%, 14.7%, 27%, and 16.6%, respectively.
Top Crypto & Blockchain Stocks to Consider
Beyond miners and exchanges, companies like Amazon and NVIDIA are also seen as attractive plays in the crypto and blockchain space. Investors looking for potential growth can explore resources for identifying crypto and blockchain stocks with significant upside.
Robinhood: Expanding Horizons
Robinhood is poised to benefit from increased retail trading activity, which is expected to boost its revenues. The company’s efforts to diversify its offerings and attract new clients are commendable. Recent initiatives include the launch of tokenized stocks in the European Union in June, a prediction markets hub in March 2025, options trading in the U.K., a Futures market, and a Tax Lots feature. In March 2024, Robinhood introduced the Robinhood Gold Card, marking its entry into the credit card market. Further developments include the launch of Index Options and Robinhood Legend for web traders in October 2024, and the addition of four new cryptocurrencies in November 2024, bringing its total to 19.
However, Robinhood operates in a heavily regulated sector. This exposes the company to potential risks, including fines and restrictions that could impact its profitability. Reports indicate that Lithuania’s central bank is investigating the company regarding its new tokenized equity products.
Cipher Mining: Building for the Future
Cipher Mining is expected to see growth from its expanding operations at Black Pearl and Barbara Lake, with further long-term expansion planned for 2026 and 2027. Black Pearl, a 300-megawatt data center in Wink, Texas, is currently building Phase 1, which will house 150 megawatts of air-cooled Bitcoin mining rigs. The company is exploring options for the remaining 150 megawatts, including a potential Phase 2 for Higher Performance Computing (HPC) hosting. Cipher Mining has also partnered with Fortress to develop a new data center at the Barber Lakes site, which has 300 megawatts of available capacity and 587 acres of land. Plans are in motion to add another 500-megawatt data center by 2029. The recent acquisition of the Stingray site in Andrews County, Texas, adds 100 megawatts of capacity and 250 acres, expected to be operational by the third quarter of 2026.
IREN Limited: Mining and AI Synergy
IREN Limited, recognized as one of the world’s largest and most cost-effective Bitcoin miners, achieved 326% year-over-year hashrate growth in the third quarter of fiscal 2025. The company met its 50 EH/s installed hashrate target in June and has paused further expansion to focus on building its AI verticals. IREN has seen a significant increase in Bitcoin mining revenues, with a 24% year-over-year jump to $141.2 million in the third quarter of fiscal 2025. This momentum is projected to continue, with reported revenues of $50.1 million, $64.7 million, and $65.5 million for April, May, and June, totaling $180.3 million for the fiscal fourth quarter. The company mined 1,514 Bitcoins in the third quarter of fiscal 2025, up from 1,347 in the prior quarter. AI Cloud revenues are also accelerating, with a 33% year-over-year increase to $3.6 million in the third quarter of fiscal 2025, as IREN supplies compute services to major U.S. AI cloud providers. Monthly revenues for AI Cloud services were $2 million, $2.2 million, and $2.2 million for April, May, and June, respectively.
Research Chief’s Top Pick
Experts have identified a top stock with the potential to double. This company, targeting millennial and Gen Z demographics, generated nearly $1 billion in revenue last quarter. A recent price pullback presents a potentially opportune moment to invest.
