Wirex, the global leader in stablecoin payment infrastructure, has announced a strategic partnership with Algorand Foundation to bring USDC on Algorand to more than 7 million Wirex users and 80 million Visa-accepting merchants worldwide. The collaboration marks a significant step toward mainstream adoption of stablecoin payments, combining Wirex’s global card and banking network with Algorand’s
Key Takeaways First Digital Group plans to go public via a SPAC merger with CSLM Digital Asset Acquisition Corp III. First Digital issues the FDUSD stablecoin and manages reserves for TrueUSD, with recent legal disputes involving Techteryx. First Digital Group is preparing to go public through a merger with CSLM Digital Asset Acquisition Corp III,
Key Takeaways Goldman Sachs is acquiring Innovator Capital Management to expand its ETF lineup, adding $28 billion in assets under supervision. The deal positions Goldman Sachs as a top ten active ETF provider, enhancing their offerings in the fast-growing defined outcome ETF category. Goldman Sachs has reached a deal to buy Innovator Capital Management, a
Key Takeaways BlackRock deposited $186 million worth of Bitcoin to Coinbase Prime as part of its ETF management activities. Coinbase Prime serves as an institutional-grade custody and trading platform for handling large-scale crypto transactions. BlackRock, the world’s largest asset manager, deposited $186 million worth of Bitcoin to Coinbase Prime today, continuing its active management of
Key Takeaways Larry Fink, CEO of BlackRock, and COO Rob Goldstein discussed the transformative potential of tokenization in finance, drawing parallels to the early days of the internet. Growth of tokenization is accelerating, with adoption rising fastest outside traditional Western financial centers. Could tokenization spark a boom like the internet did in the 1990s? BlackRock’s
Following the sharp drop in the price of Bitcoin (BTC), cryptocurrency critic and gold advocate Peter Schiff made harsh statements against both Bitcoin and MicroStrategy. BTC’s decline of approximately 7.82% in the last 24 hours to $84,631 brought Schiff’s criticism back to the center of attention. Schiff argued in his assessment that Bitcoin has no
The cryptocurrency market experienced a sharp sell-off again on December 1st. The selling wave, which partially subsided last week following the massive liquidations at the beginning of October, accelerated again as the new week began. Bitcoin fell nearly 7% to below $84,000. Ethereum also fell 7% to below $2,800. Solana saw a nearly 8% drop
Bitcoin (BTC) has entered a critical phase of structural repair, stabilizing near $86,470 after a sharp rejection from the $92,000 resistance band. While the asset has paused its descent, on-chain data reveals a severe “cost basis trap” that could cap upside momentum for weeks. The pullback erased earlier gains and pushed Bitcoin back toward levels
Key takeaways BTC dropped below $86k on Monday mainly due to macro pressures. The leading cryptocurrency could retest the $80k low if the bearish trend persists. BTC dips below $86k Bitcoin, the leading cryptocurrency by market cap, is off to a bearish start in December, as it has lost over 5% of its value in