XRP goes big in New York

The top U.S. exchange, Gemini, is making the most of its XRP product with a new billboard in the heart of the Big Apple.

• “Spend Dollars, Earn XRP.” That is the message behind the exchange’s massive new billboard in the USA’s biggest city.

Founded by the Winklevoss brothers, the U.S. cryptocurrency exchange has really upped its advertising game for its new XRP card, launched earlier this week. As U.Today reported, this helped Gemini briefly overtake its biggest competitor, Coinbase, on Apple’s App Store.

• Success is questionable. Gemini cards received a mixed response from the XRP community.

Some XRP enthusiasts criticized Gemini’s solution for not really bringing anything new to the table. Despite the negativity, a bunch of Ripple executives and CEO Brad Garlinghouse in particular were not against showing off their XRP cards, which were launched in partnership with the enterprise blockchain company.

Ignoring the backlash from the community, the latest ad campaign shows that Gemini is serious about staying competitive in the U.S. crypto exchange market and sees XRP as a valuable asset in its efforts to compete with Coinbase, Kraken and Binance U.S.

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Star investor Ray Dalio reveals why crypto is real alternative to dollar

The hedge fund veteran says the clock is running out on what he calls the “big debt cycle.” Interestingly, cryptocurrencies — Bitcoin in particular — are at the center of attention, just as Satoshi Nakamoto designed it to be in 2008.

The star investor points to crossroads. If banks step back, it will be the natural market forces that push interest rates higher. That could cool inflation. But it would push households and companies into default as debt would become harder to carry.

The flip side is printing more money through quantitative easing, which might keep the system alive but chips away at trust in fiat, and Dalio warns of a loop where rising debt forces even more money creation, eating into the dollar’s credibility as a safe store of wealth.

He still prefers gold but is also open to crypto, recently saying up to 15% of a portfolio could go into Bitcoin or gold for the best risk-return mix. Some may see it as a far cry from his earlier stance, but the sign that hard-capped assets like BTC are moving up the ladder in Dalio’s playbook is evident.

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Dogecoin rockets 617% in liquidation imbalance as DOGE bulls take $7 million hit

Dogecoin, the “meme coin king,” has started September with $8.11 million in liquidations, hitting bulls the hardest as the DOGE price plunges back to 21 cents.

• What happened? A whopping $8.11 million in liquidations were accounted for by Dogecoin in the last 24 hours, with $6.98 million coming from longs, while shorts lost just $1.13 million — a stunning 617% liquidation imbalance.

According to CoinGlass, this DOGE wipeout was part of a wider $371 million flush-out across the entire crypto market. It was the long positions that suffered the most, showing how fragile all the optimism was. In an evident display of how risky leverage can be in historically choppy September conditions, bulls took the biggest hit.

As market analysts point out, the $0.208 zone has been tested five times and is now seen as a critical support level for the coin. On the upside, $0.225 — a price that lines up with the 50-day moving average — stands as the first major resistance. If Dogecoin breaks above that, a stronger recovery might be in the cards. But there’s a chance that if it keeps being rejected, there could be more selling pressure.

• September promises to be busy. Usually, this month is one of the weakest for crypto, but will 2025 be any different for Dogecoin?

There are quite a few checkpoints that might have the answers you are looking for. The first thing to watch is the Federal Reserve’s policy meeting on Sept. 16-17, which is likely to have a big impact on crypto prices.

With the big picture still looking totally uncertain, it seems like Dogecoin’s next big move might have more to do with how global markets react to the Fed’s message than how much retail investors are feeling it.

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Bridgewater Associates founder Ray Dalio says the US government needs to rethink how it comes up with its economic data.

Over the weekend, President Donald Trump fired the head of the Bureau of Labor Statistics, Erika McEntarfer, because of a large downward revision of job numbers.

On Friday, the BLS revised down the job growth figures for June from 147,000 to 14,000, a 90% drop.

Figures for May were also revised down from 144,000 to 19,000, bringing the combined two-month downward revision to 258,000 jobs.

Some analysts at US banks began citing the data as possible evidence suggesting the economy was slowing down and flashing potential recession signals.

Despite the controversy over firing the BLS Commissioner, in a post on the social media platform X, Ray Dalio says he would have fired her, too.

“I probably would have fired the head of the Bureau of Labor Statistics too.

That’s because its process for making estimates is obviously obsolete and error-prone, and there is no good plan in the works for fixing it. The huge revisions in Friday’s employment numbers are symptomatic of this, especially because the revisions brought the numbers toward private estimates that were in fact much better.

I assure you that this is something that I know a lot about because of how I use data to follow the economy and bet on where it’s going.”

Dalio says if Trump indeed fired the BLS chief purely for political reasons, that may be a “big problem.”

Therefore, the investor says, “It would be good if President Trump made his thinking clear.”

“In any case, we do need big renovations to the ways the government estimates what’s going on in the economy to make them more, not less, accurate.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Billionaire Ray Dalio says investment portfolios should hold a certain percentage of Bitcoin (BTC) or gold as a hedge against the devaluation of the US dollar.

In a new interview with Master Investor podcast host Wilfred Frost, the co-chief investment officer of hedge fund Bridgewater Associates says that a proper diversification of an investment portfolio should include 15% of either gold or Bitcoin as US debt rises and geopolitical tensions increase.

“My own approach is, in my share of my portfolio, I have gold and I have some Bitcoin, but not much… I’m not going to describe my own exactly, but I’ll say the following: if you were neutral on everything, in other words, you didn’t have a point of view, and you were optimizing your portfolio for the best return-to-risk ratio, you would have about 15% of your money in gold or Bitcoin. I’m strongly preferring gold to Bitcoin. But that’s up to you.”

The risk-reward ratio, also known as the risk-return ratio, is used by investors to determine the potential gain for every dollar risked on an investment.

Dalio, who has warned that a 1970s-style period of stagflation may be coming, when there’s high inflation, high unemployment and low economic growth, says Bitcoin or gold may be an effective store of value when the US dollar loses value against other currencies, such as through money printing.

“The issue is the devaluation of money… If you have that issue and times when it occurred, which was in times of excess debt and geopolitical problems – just go back and study history, study the British pound, study the Dutch guilder, study this – you would find that in all such periods, also like the Seventies, [gold’s] an effective diversifier.

So if you had no view, you would have about 15% in that portfolio as a hedge against the other. I hope that that’s somewhat of a guide.”

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Bridgewater Associates founder Ray Dalio says the US could be headed to a financial crash because political leaders are cautious against taking aggressive actions to address America’s budget deficit.

In a post on the social media platform X, the billionaire says senior members of both the Democratic and Republican parties agree that the US needs to reduce its deficit to 3% of the GDP (gross domestic product).

But he says the so-called absolutist policies prevent the adoption of measures such as tax increases and cuts to benefits that can address the debt problem.

“They explained the absolutist policies that must exist and those are that you must make statements like I will absolutely pledge not to raise your taxes or I will absolutely pledge not to reduce your benefits.”

Dalio says it is clear that the US is unlikely to change its debt trajectory and could face painful consequences. He says political leaders may be thrown out by their constituents and face pressure from their parties, so they find it impossible to make compromising statements and actions that can balance the revenue and expenses to produce a good budget.

“That’s the equivalent of saying I will absolutely pledge not to change the trajectory we’re on in order to have a better set of circumstances than the likely financial crash that we’re going to have.”

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The co-chief investment officer of hedge fund Bridgewater Associates, Ray Dalio, is issuing a warning on the US amid the ballooning national debt.

In a new Fox Business interview, Dalio says the US will face an economic catastrophe in a few years unless steps are taken to reduce the national debt, which is now hovering above $36 trillion.

“If you don’t do that [enforce the debt-reduction measures], and we probably will not do that, it is like the plaque building in the heart. And so we are now not going to have not only more debt and more debt service encroaching on our spending, but it’s also going to mean that we are going to have a supply-demand problem. And this is a heart attack, like an economic heart attack. I would guess it’s about three years, give or take…”

According to Dalio, the US has previously managed to successfully extricate itself from a fiscal situation like the one it is currently in, but to do so again would require sacrifices from everyone.

“We are at a juncture right now that if we can, soon, very soon, while the economy is still good, cut the deficit to 3% of GDP. Which is possible… you only have to change a couple of things by… change spending by 4%, change tax income by 4%. Then you have a lower interest rate as a result. This is possible. It was done between 1991 and 1998, that balance. Everybody gives a little bit. There’s a possibility of being able to get it [deficit] down to 3%.”

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Billionaire hedge fund legend Ray Dalio thinks investors aren’t paying attention to obvious factors in meme stock trading.

Dalio says in a new post on X that there’s always a “current most popular meme” that everyone believes in but is bound to lose its status.

“These memes typically are due to a mix of extrapolating what happened before and emotional considerations. Also, most investors typically don’t take into consideration market pricing. In other words, they tend to identify what has been a great investment (e.g., a strongly performing company) as great, and they don’t pay enough attention to its pricing, even though its pricing (whether it is cheap or expensive) is the most important thing.”

Dalio says this behavior sets the stage for potential market missteps, especially in the current economic climate.

At this time, it is typical for almost everyone to be looking to make money by buying assets that they believe will go up (rather than betting on them going down), and they quite often use leverage.”

Dalio’s meme trading advice follows dire warnings he’s recently issued about the US economy. Earlier this month, Dalio argued in an interview on PBS that the government needs to lower its budget deficit as a percentage of GDP from 7% to 3%.

“It has to be done with three things, and it has to be spread out among these three things, because any one of those three things would be too painful. Those three things are tax revenue, spending cuts and interest rates.

Although Congress and the president in the process does not deal directly with the third of those, right now a trillion dollars – half of our deficit – is interest payments, and not only do we have a trillion dollar interest payment, in the next year, we have nine trillion dollars of debt maturing that has to be either rolled over or sold…

So there’s what I call my 3%, three-part solution, which was very similar to 1991-1998. It was cut by 5% of GDP, the budget deficit, in those years was cut by 5% of GDP by spreading it around. So those are the three things that are needed.”

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Billionaire hedge fund legend Ray Dalio says that the financial situation in the US presents a high likelihood of serious problems moving forward.

In a new interview on PBS’s Amanpour and Company, Dalio, founder of Bridgewater Associates, says that the US government is in a situation where it absolutely must lower its budget deficit as a percentage of GDP from 7% to 3%.

According to Dalio, the government must take a three-step approach to lowering the deficit-to-GDP ratio if it wants to avoid a “very high likelihood of real problems.”

“It has to be done with three things, and it has to be spread out among these three things, because any one of those three things would be too painful. Those three things are tax revenue, spending cuts and interest rates.

Although Congress and the president in the process does not deal directly with the third of those, right now a trillion dollars – half of our deficit – is interest payments, and not only do we have a trillion dollar interest payment, in the next year, we have nine trillion dollars of debt maturing that has to be either rolled over or sold…

So there’s what I call my 3%, three-part solution, which was very similar to 1991-1998. It was cut by 5% of GDP, the budget deficit, in those years was cut by 5% of GDP by spreading it around. So those are the three things that are needed.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Billionaire investor and founder of hedge fund Bridgewater Associates, Ray Dalio, thinks it is not yet time for the Federal Reserve to ease the US monetary policy.

In a new Bloomberg interview, Dalio says the Fed “should not cut interest rates” despite the pressure to do so.

Dalio says that over the longer term, when the current Fed Governor Jay Powell’s term ends in May of 2026, the Fed could, however, end up cutting rates due to political pressure.

“There’s a great deal of uncertainty and there’s a deterioration in sentiment, but really the actual economy. So they (the Fed) are in a difficult position.

I think that when we look farther out, we’re dealing with the political aspects… I think that when there’s a new Fed chair, there will likely be more inclination to cut rates because it’s an old story of conflict between those in power, in political [power], who like stimulation. And because of the enormous impact of interest rates on debt service, because the debts are so large, there’s going to be pressure that way.”

According to Dalio, the aggressive easing of US monetary policy could negatively impact the bond market.

“I think the markets, if they were to see a too aggressive cut in monetary policy, too inappropriate cut, that it would actually be bad for the bond market….

… watch the yield curve. As you get rates rising by long rates and you have also at the same time, let’s say, movement down in the dollar and rises in gold, that kind of dynamic is reflecting a movement out of the bonds. Because the value of money matters a lot.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Iconic investor Ray Dalio is warning that US President Donald Trump’s tariff policies may cause a global economic slowdown.

In a new interview on CNBC, the Bridgewater Associates founder says he has serious concerns that increasing tariffs may wreak macroeconomic havoc at a time when the nation faces several other challenges.

“I agree with the problem. I am very concerned about the solution, the practicality of the solution. In other words, I think that this is going to create not only the problem, the capital markets problem that I’m talking about related to prices going up, costs going up, revenue going down and capital problem, but I also think that this is going to create great sand in the gears of production worldwide.

At the same time, I do agree that this interdependency, this issue of productivity in the world in which we have to be competitive and productive, and we’re not competitive in producing things is a longer-term problem, not an easy one. And I do expect that it is going to have political consequences. This is the nature of the cycle.”

Dalio also says the nation needs to address other systemic challenges, such as lowering the debt and reducing government spending.

“It is coming also at the same time as we have a budget issue. Now, the budget issue is a comparably important issue. So as we look ahead in the months ahead, we have to get the budget deficit down to 3% of gross domestic product. I worry about that at the same time as this is happening. These are not easy problems to solve. I’m concerned because the bigger problems exist, the debt exists. You can’t get around the debt. The overspending exists. You still have that. You still have that competitiveness issue. These have repeated throughout history. We’re in a period that’s very much like the 1930s.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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