The big picture: In an interview on CoinDesk’s Public Keys, Bitwise Head of Research Ryan Rasmussen said investors are underestimating Circle’s opportunity as stablecoins move toward a multi-trillion-dollar market. Rasmussen expects the stablecoin market to grow from roughly $300 billion to between $3 trillion and $5 trillion. He said Circle is particularly well positioned as
Crypto payment card spending shot up to $759 million in July, about 2.5 times the level a year earlier. $USDC, backed by dollars, now accounts for 58% of that volume, according to figures cited by a16z crypto. Dollar stablecoins displace euros in under two years Cardholders made ~9 million purchases in July, compared with about
The People’s Bank of China (PBOC) said it will “steadily develop” the digital yuan over the next five years. The e-CNY is now listed as one of the central bank’s core tasks in a recently published reform blueprint. What provisions has China made for the development of its digital yuan? The People’s Bank of China
American Bitcoin (NASDAQ: ABTC) shares have risen after filings showed board director Justin Mateen spent about $1.9 million buying its stock. Despite being more than 95% down from its high, American Bitcoin stock experienced a 10% increase over a 24-hour period. What is American Bitcoin currently trading at? Following the purchase of $1.9 million worth
What this means: Strategy CEO Phong Le said the company has adjusted its approach after discovering that preferred stock investors put a premium on cash liquidity. Strategy now holds $4.75 billion in cash, providing about 2.7 years of dividend coverage, Le said in an interview on CoinDesk’s Public Keys with Jennifer Sanasie. Le said he
AI Financial Corp. has swapped ALT5 Sigma Canada for a secured note and restricted shares. As a result, only $1 million of note principal is due in the near term, while a separate, conditional $WLFI transferability window approaches. On Aug. 3, the company sold its indirect, wholly owned subsidiary to Prime Delta. Under the terms
SilverBox Corp IV shareholders are scheduled to vote Tuesday on a four-month extension that could prevent the SPAC from liquidating. Even if it passes, however, it would not preserve the $217 million trust tied to its proposed Bitcoin SPAC deal with investment firm Parataxis Holdings. The August 11 meeting is set for 10:00 a.m. Eastern
Deutsche Bank just made its biggest publicly disclosed wager yet on Michael Saylor’s Bitcoin treasury vehicle, and the timing says almost as much as the number itself. The Deutsche Bank MicroStrategy investment now stands at 874,925 shares after a Q2 2026 filing revealed the German banking giant added 90,006 shares during the quarter, pushing the
The audited accounts of DTR, the fintech software group acquired by Bakkt in April, show a business that recorded just €5,315 in other income and lost €8.4 million in 2025. Bakkt had pitched DTR as part of its stablecoin infrastructure push, acquiring it for 11.3 million shares. The accounts classify €5,315 as other income rather
The old traditional portfolio split is looking a little less fashionable in the era of youngsters these days. The data reflects younger investors looking beyond stocks and bonds, with alternatives like crypto’s taking a much larger slice of portfolios, according to Grayscale research. Alternatives Have Quietly Taken More Portfolio Space The global alternatives market has