Bloomberg Intelligence estimates that Coinbase’s stablecoin revenue, which is largely tied to its USDC revenue share with Circle and already about 19% of total revenue in 2025, could grow by two to seven times if USDC adoption in payments accelerates. Despite reporting a net loss of $667 million in the fourth quarter of 2025, according …
Continue reading “Coinbase USDC revenue could 7x as payments grow, Bloomberg says”
Hong Kong-based stablecoin payments company RedotPay is reportedly weighing a US initial public offering (IPO) that could raise more than $1 billion and value the company at over $4 billion. The company is working with JPMorgan Chase, Goldman Sachs and Jefferies on a potential New York listing that may occur as early as this year, …
Continue reading “RedotPay weighs US IPO that could raise $1B at over $4B valuation: Report”
Bitcoin mining hardware maker Canaan has purchased Cipher Mining’s 49% interest in a trio of Texas mining projects for $39.75 million, expanding its mining interests. The transaction covers joint venture entities Alborz LLC, Bear LLC and Chief Mountain LLC, together known as the “ABC Projects,” according to a Monday announcement. After the deal, Canaan holds …
Continue reading “Canaan buys 49% stake in three Texas mining sites for $40M”
Everything that happened in crypto news in Asia over the past seven days: Asia Express. Bitdeer liquidates entire Bitcoin treasury, holdings fall to zero Bitdeer has sold all of its corporate Bitcoin holdings. The Singapore-headquartered Bitcoin miner said in its weekly report that its “pure holdings,” which excludes customer deposits, has now dropped to zero. …
Continue reading “Bitdeer sells all Bitcoin, Metaplanet rejects misconduct claims: Asia Express”
Shares in leading listed cybersecurity companies have fallen since Anthropic’s launch of Claude Code Security on Friday, an AI-powered code vulnerability scanner. Anthropic launched Claude Code Security on Feb. 20 as a limited research preview. Claude can reason like a skilled security researcher According to the company website, Anthropic’s chatbot Claude “scans your entire codebase …
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Crypto venture firm Framework Ventures has partnered with mortgage services company Better to help it launch a $500 million plan to integrate with the decentralized finance protocol Sky, formerly MakerDAO. Better said on Monday that Framework would help it provide $500 million in credit to Sky’s stablecoin ecosystem, enabling it to launch tokens tied to …
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Blockchain intelligence platform TRM Labs has joined forces with banking infrastructure firm Finray Technologies to create a unified system that monitors both crypto and fiat transactions. Finray’s compliance and decision engine, XZiel, has been integrated with TRM’s blockchain intelligence tools to enable real-time alert triaging, automated escalation, case management, and risk assessment across crypto and …
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The court-appointed administrator overseeing the bankruptcy of crypto company Terraform Labs has sued trading firm Jane Street, accusing it of insider trading that worsened the collapse of the multibillion-dollar Terra ecosystem. On Monday, Todd Snyder, Terraform’s court-appointed administrator, sued Jane Street, its co-founder Robert Granieri, and employees Bryce Pratt and Michael Huang in a Manhattan …
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The US Federal Reserve is seeking to codify a rule removing “reputation risk” from banking supervision, which some have blamed for a wave of crypto debanking in recent years. The Fed initially began making changes in June last year, announcing that it had directed its supervisors to stop pressuring banks to shut down client accounts …
Continue reading “Fed seeks feedback on proposal to end Operation Chokepoint 2.0”
Taylor Lindman, the deputy general counsel at blockchain firm Chainlink Labs, has joined the Securities and Exchange Commission’s Crypto Task Force as its new chief counsel, filling a role left by now-CFTC chair Michael Selig. In an X post on Monday, Chainlink Labs announced Lindman’s departure after five years and confirmed his official appointment to …
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Three Solana-based platforms have announced they are shutting down after a Step Finance hack at the end of January that has been deemed unrecoverable. Solana portfolio dashboard and DeFi aggregator Step Finance announced on Monday that it would be winding down operations. The closure also extends to subsidiaries Solana NFT analytics and the ecosystem media …
Continue reading “3 Solana platforms to shutter following devastating $27M hack”
Crypto trading platform Backpack Exchange on Monday announced that stakers of its forthcoming Backpack token will be able to earn equity in the exchange, as the company moves toward a potential initial public offering. “Users that stake the Backpack token for at least a year will have the opportunity to exchange those tokens for equity …
Continue reading “Backpack pledges 20% equity to token stakers amid IPO plans”
Bitcoin price failed to stay above $66,000 and dipped further. BTC is now consolidating losses and might struggle to recover above $66,000. Bitcoin started a fresh decline and traded below the $66,000 support. The price is trading below $65,500 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance …
Continue reading “Bitcoin Price Sinks to New Weekly Low, Bulls Lose Key Support”
Dogecoin has pushed a cycle-style positioning metric to a level never seen before in its history, and the chart’s context suggests the market has only been in comparable territory twice, both times near major cycle lows.Alphractal founder and CEO Joao Wedson said DOGE has now crossed a key threshold in his “Number of Days Spent …
Continue reading “Dogecoin Sets A New Record In A Key Cycle Indicator: Bottom In?”
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been …
Continue reading “Another $438M In Crypto Longs Gone As Bitcoin, Altcoins Pull Back”
