Business

Key Takeaways Circle is considering a sale to Coinbase or Ripple while still pursuing an IPO. Ripple’s $4-5 billion offer for Circle was rejected as too low. Share this article Circle Internet Financial, the firm behind USDC, the second-largest stablecoin, is exploring a possible sale to Coinbase or Ripple, Fortune Crypto reported Monday, citing four […]

In brief Kraken’s Brett McLain said the exchange was able to embed its service into neobank bunq’s platform within a matter of weeks. Bunq approached Kraken at the “11th hours,” he said. The solution could drive user growth as Kraken eyes an initial public offering. Crypto exchange Kraken is willing to hit some pretty tight

Key Takeaways Galaxy Digital’s direct Nasdaq listing followed a lengthy 1,320-day regulatory process. Galaxy Digital operates primarily in crypto and AI, aiming at institutional adoption. Share this article Galaxy Digital, a prominent financial services and investment management firm led by billionaire Mike Novogratz, started trading on Nasdaq Friday under the ticker GLXY. The company’s stock

In brief Hong Kong-based Avenir increased its holdings of BlackRock’s spot Bitcoin ETF to 14.7 million shares, worth $688 million as of March 31, a financial disclosure from the firm shows. The firm’s IBIT shares increased by 30% in the first quarter. Spot Bitcoin ETFs have recorded record-smashing inflows, despite a dip in trading earlier

In brief Bitcoin ATM operator Bitcoin Depot reported a first-quarter profit of $12.2 million compared with a loss of $4.2 million a year earlier. The company’s stock price popped 22% to $2, but shares remain 79% down from their Nasdaq listing price in July 2023. Democratic lawmakers have called on Bitcoin ATM operators to “curb

Key Takeaways Coinbase offers a $20 million bounty for information leading to the arrest of data breach perpetrators. The data breach affected less than 1% of Coinbase users and no passwords or funds were compromised. Share this article Coinbase has launched a $20 million reward program to identify and bring to justice the perpetrators behind

In brief CoreWeave reported $981.6 million in Q1 revenue, a fivefold increase from the same period last year, but its net loss also deepened to $314 million. Shares rose 6.6% to $67.46 following the report but dropped 7.8% in after-hours trading; the company went public in March at $39 per share. The company forecast up

In brief MoonPay and Mastercard will enable stablecoin payments across 150 million merchants. The deal follows Mastercard’s recent partnerships with OKX, Nuvei, and Circle. Visa is also piloting stablecoin services in six Latin American countries. Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and