Western Union has struck a $500 million deal to buy Intermex, a user of Ripple’s On-Demand Liquidity (ODL) service. The move gives Western Union direct access to Ripple’s technology through Intermex, while also expanding its retail footprint across North America and strengthening its position in fast-growing remittance corridors. Western Union to Acquire Intermex Under the
The crypto exchange-traded funds (ETFs) market continues to smash records, with unprecedented demand recorded in the past couple of months. Futures-based Solana (SOL) and XRP ETFs, for instance, have seen over $1 billion in total inflows since their debut in March and April, respectively, as suggested by recent data provided by FactSet. The milestone comes
South Korean retail investors are pivoting away from Big Tech stocks in the United States into high-risk, high-reward crypto-linked equities. A Yonhap News Agency report citing data from the Korean Center for International Finance (KCIF) said the percentage of crypto-linked stocks in the top 50 net-bought stocks by South Korean investors rose from 8.5% in
Stablecoin issuer firm Paxos has applied for a national bank trust charter with the Office of the Comptroller of the Currency (OCC), making it the latest U.S. stablecoin company to seek federal regulatory oversight. According to a Monday press release, Paxos aims to convert its New York Department of Financial Services (NYDFS) trust charter into
Cryptocurrency research firm QCP reported that Bitcoin (BTC) surpassed $122,000, recouping last week’s losses. Ethereum (ETH) surged 21% in the last seven days, surpassing $4,300 for the first time since 2021. According to the report, BTC is currently highly correlated with US stock markets, with investors’ eyes on the Consumer Price Index (CPI) data to
Bitcoin exchange-traded funds staged a solid recovery last week with $260 million in inflows after two consecutive weeks of outflows, but still fell short of Ethereum fund’s $268 million performance as digital asset products posted $572 million in combined weekly flows. The inflows came in after weathering significant early-week turbulence that saw $1 billion flow
Crypto exchange Bullish has raised the size of its initial public offering to $990 million from $629 million, as the company looks to take advantage of a hot market for crypto firms. CoinDesk is a subsidiary of Bullish. According to a filing with the Securities and Exchange Commission on Monday, Bullish is aiming to sell
ALT5 Sigma Corporation, a Nasdaq-listed fintech that operates crypto trading and payment platforms, plans to raise about $1.5 billion through a stock offering and a WLFI token-funded private placement. The move would place a large portion of World Liberty Financial’s WLFI tokens on ALT5’s balance sheet and bring several of the stablecoin issuer’s executives, including
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack. GM! Today’s top news: Crypto majors sell off after big overnight pump; BTC at $120,500 ETH soars to $4,350 in big weekend run; Punks
Tesla Inc. (TSLA) turned to the biggest holding of Cathie Wood’s flagship ARK Innovation ETF (ARKK). However, Roku Inc. and Coinbase Global Inc. also made it to the top 3 holdings of the ETF, suggesting a solid upward trajectory for these companies. This comes in when ARKK recorded its biggest single-day cash injection ever of