Everything web3, crypto, defi, degen
In brief Nasdaq-listed Fold is partnering with prepaid gift-card provider Blackhawk Network. The deal will result in Fold’s Bitcoin gift cards available in potentially over 400,000 locations. Bitcoin gift cards allow people to pass on the cryptocurrency in physical form. Bitcoin financial services company Fold is working with publicly traded prepaid gift-card provider Blackhawk Network…
In brief Robinhood disclosed $989 million in second-quarter revenue. Profits rose quarter-over-quarter to $386 million. The company’s stock has more than doubled so far this year. Robinhood posted a stronger-than-expected performance in the second quarter, surpassing analyst expectations yet again this year, despite a cooldown in revenue from crypto trading.The retail brokerage posted $989 million…
In brief Interest rates have remained between 4.25% and 4.50% since the last rate cut in December. The Federal Reserve’s has remained cautious amid unsettling inflation signs. Bitcoin has traded largely below $120,000 since reaching a record high near $123,000 earlier this year. Bitcoin ticked down only slightly after the U.S. central bank left the…
In brief A White House official said that Wednesday’s much-anticipated crypto report will make no mention of a federal Bitcoin reserve or digital asset stockpile. They said more information on the topic will come “probably in short order.” President Trump had requested that information about a crypto stockpile be included in today’s report, which was…
In brief Marathon Digital’s AI strategy relies on co-developing platforms with energy firms. The strategy is unproven, according to analysts at Compass Point. The Bitcoin miner is also trying to grow its revenue abroad. Analysts at investment firm Compass Point reiterated a “neutral” rating for Marathon Digital on Wednesday, arguing that the firm’s focus on…
In brief Ethereum has risen nearly 3% this week, defying Bitcoin’s pullback and approaching the $4,000 mark for the fourth time since March 2024. Analysts cite growing ETF inflows, potential approval of staking, and institutional buying as key drivers behind the rally. Market watchers say a favorable macro backdrop, including Fed policy and AI-fueled risk…
In brief Beijing and Washington discussed prolonging the 90-day tariff pause, but no agreement was reached. Bitcoin slipped slightly to $118,000 as traders await clarity on macro policy signals. Focus now shifts to Wednesday’s Fed meeting, with markets pricing in a 65% chance of a September rate cut. Bitcoin and the broader crypto market remained…
In brief Bitcoin treasury Twenty One has added 5,800 Bitcoin to its holdings after acquiring more BTC from Tether. The firm, started by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, will hold 43,500 digital coins. Traditional investors will be able to get exposure to the leading cryptocurrency via the company’s shares. Bitcoin treasury Twenty One Capital…
In brief The SEC has pushed back its decision on whether to approve or deny the Truth Social Bitcoin ETF and Grayscale Solana ETF, according to a pair of filngs. Its new deadlines for the Truth Social Bitcoin ETF and Grayscale Solana ETF are September 18 and October 10, respectively. The SEC has delayed decisions…
Software firm turned Bitcoin treasury company Strategy has been buying Bitcoin for more than five years, pioneering the growing trend of publicly traded firms that are adding cryptocurrencies to their balance sheets.What started as a way to “maximize long-term value for shareholders” has transformed into an industry-shifting paradigm that has been further fueled by greater…
