Major financial services company Western Union has filed for a trademark covering multiple crypto services just a day after sharing it would launch a stablecoin system on Solana early next year. Western Union Holdings, Inc. filed with the US Patent and Trademark Office to trademark “WUUSD” on Wednesday, covering a range of crypto services related … Read more
Bitwise chief investment officer Matt Hougan says his bullish outlook on layer-1 blockchain Solana stems from two main factors that set it apart from competitors like Ethereum. “I love investments that give me two ways to win,” Hougan said in an X post on Thursday, explaining that Solana (SOL) is making a “bet” the stablecoin and … Read more
Neobank Revolut has introduced a 1:1 conversion between USD and stablecoins, allowing its 65 million users to exchange up to $578,630 every 30 rolling days without incurring fees or spreads. “Today marks the day we remove all anxiety and friction of moving between fiat and crypto,” Revolut’s head of product in crypto, Leonid Bashlykov, posted … Read more
Scandinavia’s largest bank, Nordea, has shifted its stance on crypto in the face of growing adoption and regulatory clarity, announcing its customers can access an external Bitcoin-linked exchange-traded product (ETP) in December. The Bitcoin ETP, developed by digital asset investment firm CoinShares, holds Bitcoin (BTC) as its underlying asset, Nordea stated on Thursday. The ETP … Read more
Strategy chairman Michael Saylor says his company isn’t interested in acquiring other Bitcoin treasury companies, as doing so is fraught with uncertainty, although he didn’t entirely rule it out. “Generally, we don’t have any plans to pursue M&A [merger and acquisition] activity, even if it would look to be potentially accretive,” Saylor told investors on … Read more
Riot Platforms has reiterated its strategy has evolved to “maximizing the value of our megawatts,” rather than just mining Bitcoin, despite posting record revenues in Q3 on the back of a Bitcoin production surge. During a conference call following the release of the firm’s Q3 results on Wednesday, Riot Platform’s vice president of investor relations, … Read more
Coinbase boss Brian Armstrong shook up two prediction markets in the final seconds of Thursday’s third-quarter earnings call by dropping a list of crypto buzzwords that Kalshi and Polymarket users bet would be mentioned in the call, resolving all markets to a “yes.” Several Kalshi and Polymarket users were ecstatic that their bets paid off … Read more
Key takeaways: A sharp Bitcoin decline often triggers systemic contagion, driving altcoins lower through both liquidity and confidence channels. During crises, the market tends to view crypto as a single risk asset rather than valuing individual utility, as seen in the high BTC-ETH and BTC-XRP correlations. Correlation and beta analyses are essential for quantifying how … Read more
Shares in Strategy have risen nearly 6% after hours as the Bitcoin treasury company reported a net income of $2.8 billion for its third quarter, down from the second quarter but still beating analyst expectations. Strategy on Thursday reported diluted earnings per share of $8.42 for the three months ending Sept. 30, beating Wall Street … Read more
Nakamoto Holdings, the Bitcoin treasury firm led by Bitcoin Magazine CEO David Bailey, has seen its stock collapse by over 98% since its May high after a wave of investor selling linked to its $563 million private investment in public equity (PIPE) deals. The company, which merged with Utah-based healthcare operator KindlyMD earlier this year, … Read more