Strategy (MSTR), Coinbase (COIN) Surge as Bitcoin Pumps Near $73,000 Shares of Strategy, Inc. (MSTR) jumped 12.3% to $148.94 on Wednesday, marking a sharp rebound for the Bitcoin proxy after months of losses. Coinbase Global (COIN) rose 16.2% to $211.84, extending its recent rally, while Robinhood Markets (HOOD) gained 8.5% to $82.50. The moves comes
Western Union, a global giant in consumer cross-border payments, and Crossmint, a blockchain infrastructure provider supporting tokenized assets and digital commerce, have teamed up to support the rollout of the U.S. Dollar Payment Token (USDPT), according to a recent blog post. Introduced last October, USDPT is Western Union’s first dollar-pegged stablecoin built on Solana. The
Monthly inflows into digital asset treasury (DAT) companies have slowed to about $555 million, the lowest levels since October 2024, the month before the 2024 US election pump, according to data from DeFiLlama. Inflows into digital asset treasury companies slipped to about $32.4 million ahead of the election, then rebounded to more than $12.3 billion
Electronic trading company Tradeweb has led a $31 million Series B funding round in institutional crypto trading platform Crossover Markets, valuing the company at $200 million. The round included participation from DRW Venture Capital, Ripple, Virtu Financial, Wintermute Ventures, Illuminate Financial and XTX Markets. According to Wednesday’s announcement, the deal also includes a strategic partnership
Tom Lee, head of Ethereum treasury company BitMine and co-founder of Fundstrat, said in an interview with CNBC that a bottoming out process may have begun in the markets. Lee stated that despite recent geopolitical risks and macroeconomic uncertainties, markets have performed stronger than expected. Lee stated that while no one wants the US to
The Federal Reserve has released its Beige Book report, which offers important insights into the economic outlook. According to the report, economic expectations across the US remain largely optimistic, with moderate to moderate growth projected for most regions in the coming months. According to the Fed’s report, which uses data collected up to February 23,
Another notable acquisition has taken place in the cryptocurrency sector. A prediction market platform… PredictFun announced the strategic acquisition of the on-chain prediction platform Probable. While the financial details of the deal were not disclosed, Binance founder Changpeng Zhao (CZ), a leading figure in the industry, also shared a message of support regarding the development.
Bitcoin’s price continued its upward trend, surpassing the $73,000 level for the first time in three weeks. However, analysts believe that whether this rally is sustainable will largely depend on global liquidity conditions and the trajectory of geopolitical risks. Market experts say that institutional demand and movements in derivatives markets have been particularly influential in