Mastercard has finalized its acquisition of BVNK as the payments giant deepens its push into stablecoin and digital asset infrastructure, according to a Monday statement. The acquisition, which was first announced in March, brings BVNK’s on-chain payment technology into Mastercard’s network, allowing businesses and financial institutions to move, manage and convert value across fiat currencies
Morgan Stanley downgraded shares of Circle Internet (CRCL) to underweight from equal-weight on Monday and cut its price target to $38 from $106, citing a weaker long-term earnings outlook. The stock, which slid 6% following the report, has fallen about 30% year-to-date, reflecting growing investor concern over the outlook for $USDC, the company’s dollar-backed stablecoin
The highly anticipated US Clarity Act, which is crucial for Bitcoin and altcoins, has still not been approved. Currently, Senate approval is awaited, and it is stated that future approval could support a rise in BTC and altcoins. At this point, Japanese financial giant SBI Holdings also drew a connection between the decline in $XRP
BlackRock, the world’s largest asset manager, has expanded its tokenized cash platform, introducing a couple of new tokenized money market products, the firm said on Monday. Back in May of this year, BlackRock filed for the new products with the U.S. Securities and Exchange Commission (SEC). BlackRock is offering onchain shares of the BlackRock Select
Zhibao Technology, a Nasdaq-listed Chinese insurtech company, signed a $154.7 million private investment in public equity (PIPE) agreement payable in 2,380 $BTC. If it closes, investors would take control of the board and management. No closing had been disclosed as of Aug. 1. Under the July 31 securities purchase agreement, investors would buy 442 million
Crypto fundraising rebounded sharply in July, with total capital raised reaching $2.235 billion across 46 deals, according to data from RootData. That marks a 148.9% increase from the $889 million recorded in June, signaling renewed investor appetite despite ongoing market volatility. CeFi dominates fundraising activity Centralized finance (CeFi) emerged as the top sector, attracting $1.23
Standard Chartered-backed Anchorpoint Financial has pushed the public rollout of its Hong Kong dollar stablecoin HKDAP into August after the project missed its previously expected second-quarter and end-of-July timelines. According to the local media outlet the Hong Kong Economic Journal, Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen said an
PayPal reported its second-quarter results on July 28, saying total payment volume reached $486.4 billion for the three months ended June 30. That was up 10% from a year earlier, or 9% on a currency-neutral basis. The company also placed stablecoins inside its formal innovation plan and confirmed a three-business structure that includes Payment Services
Rumors that Trade.XYZ has been seeking a $200 million equity financing at a $1.5 billion valuation have sparked conflicting views across the crypto community, with supporters calling the report credible while others have dismissed the claim. According to market chatter circulating on X and Telegram, speculation about the funding round gained traction after several community
Binance APAC Head SB Seker believes India needs its own rupee-pegged stablecoin, arguing it would let Indian users and institutions hedge against dollar volatility instead of remaining exposed to currency swings beyond their control. “Having Indian rupee stablecoins will be critical because it allows users and institutions in India to reduce the exposure they have