Strategy reported third-quarter earnings per share of $8.42, beating the market expectation of $7.90. The company reported quarterly revenue of $128.7 million, beating analyst estimates of $116.8 million. The company announced operating income of $3.9 billion, net income of $2.8 billion, and earnings per share (EPS) of $8.42. It also reaffirmed its 2025 guidance of
Good Morning, Asia. Here’s what’s making news in the markets: Bitcoin is trading around $109K as Hong Kong begins its business day, as traders continue to digest comments from Fed Chair Jerome Powell that another rate cut isn’t a certain thing, chilling demand for BTC ETFs and other risk assets. Polymarket traders now assign a
Latin American treasuries met in Punta Cana to modernize operations with digital assets and AI tools. El Salvador consolidates its Bitcoin legal tender framework with two major crypto events in November. Official delegations from El Salvador, Argentina, Mexico, Uruguay, Colombia, Bolivia, and nine other Latin American countries gathered in Punta Cana, Dominican Republic, for the
Ripio launches wARS, a stablecoin pegged 1:1 to the Argentine peso on Ethereum and other major blockchain networks. A political investigation into the LIBRA meme coin promoted by President Milei advances to Argentina’s Supreme Court. The Argentine cryptocurrency platform Ripio confirmed the introduction of stablecoins backed one-to-one by major Latin American fiat currencies. Its initial
Venezuela’s Pago Móvil architect is building a regulated banking network for USDT and USDC deposits. Bolivian exchange El Dorado integrates QR code payments to streamline its peer-to-peer transaction process. Rodolfo Gasparri, president of the Venezuelan company Conexus, is developing a banking network based on decentralized technology. This project aims to enable users to make deposits
Coinbase (COIN) posted a stronger-than-expected third quarter, driven by a surge in trading activity, a rebound in asset prices and continued growth in its subscription and services business. The U.S.-based exchange reported total revenue of $1.9 billion, a 58% jump from $1.2 billion in the same period last year. Shares were up 3% in post-market
This is a segment from The Breakdown newsletter. To read full editions, subscribe. Fiat money was invented in colonial America, and to convince people it had value, the colonies that issued it periodically lit their tax revenue on fire. Paper money dates to 11th-century China, but historian Dror Goldberg argues that fiat — money valued
Jurrien Timmer, director of global macro at financial giant Fidelity, has opined that Bitcoin-sensitive equities and gold miners are both competing to be the best performer of the year. Both groups of stocks have secured extremely impressive gains that surpass 150%, meaning that they are very distinct risk assets. Meanwhile, physical gold and meme stocks
At 5pm today in Virginia, Strategy (formerly MicroStrategy) founder Michael Saylor will present his company’s earnings as of the third quarter (Q3) 2025 and beyond any unexpected surprises, investors are looking for answers to several questions. First, they would appreciate an update on the company’s re-application for its common stock (MSTR) to join the S&P