Stripe and Advent International have walked away from their roughly $53 billion attempt to buy PayPal. Had it gone through, the deal would have been the biggest fintech takeover on record. The announcement sent PayPal’s stock down sharply before Friday’s open. Why didn’t Stripe and Advent acquire PayPal? Stripe, the privately held payments firm, and
Bitcoin ($BTC) saw volatility after Friday’s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy. Key points: Bitcoin initially fell during Fed chair Kevin Warsh’s Jackson Hole keynote speech before circling $79,500. Warsh said he sees no trend change in inflation despite recent lower PCE and
According to some metrics, Bitcoin ($BTC) has ended its bear market as a composite $BTC price indicator flips bullish for the first time since October 2025. Key points: Bitcoin has exited its 2026 bear market, Ki Young Ju says as a profitability metric prints a positive reading of 0.042. The breakout from negative to positive
Bitcoin, the leading cryptocurrency, surged above $81,000 during the week, but then dropped to around $78,000 following Federal Reserve Chairman Kevin Warsh’s hawkish speech at Jackson Hole. However, it subsequently recovered back above $79,000. While the market wonders whether $BTC will continue its upward trend, the analysis company Alphractal has shared its updated assessment of
Federal Reserve Chairman Kevin Warsh has begun his highly anticipated address in Jackson Hole, Wyoming. In his first address as Fed Chairman, Warsh addressed inflation as a key issue. He spoke in a hawkish tone, stating that price stability should be the Fed’s priority. Warsh noted that while summer inflation data showed improvement, underlying trends
Federal Reserve Chairman Kevin Warsh says the central bank’s “predominant focus” right now should be on inflation. “The responsibility for 65 months of sustained, elevated inflation sits squarely with the central bank,” said Warsh, delivering his keynote address at the Kansas City’s Fed Jackson Hole symposium. “We must be confident that underlying inflation is moving
Bitcoin has surged above $80,000 in recent days. While some analysts argue this rise signals an early bull run, the latest assessment comes from Grayscale Research Head Zach Pandl. Zach Pandl, discussing the correlation between Bitcoin and gold, noted a remarkable shift in Bitcoin’s behavior in the markets. At this point, Pandl noted that Bitcoin’s
SBI Holdings, a major Japanese financial firm, plans to acquire a $270 million stake in Ajaib Group, a major Indonesian online brokerage, before the end of this month. The deal is part of SBI’s push to expand JPYSC, its yen-denominated stablecoin, across Southeast Asia and build cross-border settlement infrastructure using blockchain technology. Ajaib gives SBI