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
Bitwise’s 10 Crypto Index ETF ended the first half of 2026 with nearly half the net assets it started with, while its 10-asset basket became more concentrated in Bitcoin. Net assets at BITW fell 48.27%, from $1.03 billion on Dec. 31 to $532.8 million on June 30, according to the fund’s quarterly filing. That contraction
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 $217 million trust tied to its proposed Bitcoin SPAC deal with investment firm Parataxis Holdings. The August 11 meeting is set for 10:00 a.m. Eastern
Dogechain, a separate Ethereum-compatible network from the Dogecoin blockchain, kept producing blocks after its announced 12:00 UTC shutdown on Aug. 8. Its project-run bridge page also remained online, while a Dogechain-specific QuickSwap route continued sending users to Polygon. Dogechain announced the cutoff in July and warned that assets remaining on the chain might become inaccessible
Chain Fusion is the set of protocols that let smart contracts on the Internet Computer ($ICP) read, hold, and sign transactions on Bitcoin and other blockchains directly, without routing funds through a bridge or a wrapped token. Instead of trusting a third-party custodian to lock up Bitcoin and mint a copy somewhere else, $ICP nodes