Business

In brief Robinhood has agreed to purchase WonderFi for $179 million. The acquisition marks Robinhood’s entry into the Canadian market. Robinhood and WonderFi shares popped after the announcement. Robinhood plans to enter the Canadian crypto market by acquiring WonderFi, a Vancouver-based firm backed by Shark Tank personality Kevin O’Leary, the retail brokerage said in a […]

Key Takeaways Robinhood will acquire WonderFi in a $178 million all-cash deal. The acquisition expands Robinhood’s presence in Canada’s digital asset market. Share this article Popular trading platform Robinhood Markets announced Tuesday it had reached an agreement to buy WonderFi, one of Canada’s largest regulated crypto trading ecosystems, for $250 million CAD (approximately $178 million)

Coinbase CEO Brian Armstrong has revealed that the crypto exchange considered putting 80% of its balance sheet into Bitcoin—but decided against it over fears it could “kill the company.” During a question-and-answer session with customers, executives were asked whether they missed an opportunity to start amassing BTC sooner, given the company had an eight-year headstart

Key Takeaways American Bitcoin is merging with Gryphon Digital Mining in a bid to unlock market access. Hut 8 will maintain a majority stake and remain the exclusive infrastructure partner for American Bitcoin. Share this article American Bitcoin, a newly established Bitcoin mining entity backed by Bitcoin miner Hut 8 and Trump-led American Data Centers,

In brief BitGo has become one of the first U.S. firms to receive approval under the EU’s unified crypto rules. The license enables institutional crypto custody services throughout Europe without country-specific approvals. The move comes as Europe irons out the implementation of its comprehensive digital asset framework. BitGo has secured regulatory approval from Germany’s Federal

In brief Beat Holdings raised its Bitcoin investment cap from $6.8 million to $34 million, citing macroeconomic tailwinds. The company holds over 131,000 units of BlackRock’s iShares Bitcoin Trust, with gains exceeding $681,000. The move mirrors Metaplanet’s aggressive Bitcoin strategy, as Japanese firms deepen exposure to digital assets. Publicly-listed Beat Holdings Ltd. said Thursday it

Key Takeaways Coinbase launched 24/7 Bitcoin and Ethereum futures trading, becoming the first CFTC-regulated exchange to provide this service. The expansion includes partnerships with Nodal Clear and Virtu Financial to support continuous leveraged futures trading. Share this article Coinbase Derivatives has officially activated 24/7 trading for Bitcoin and Ethereum futures, becoming the first CFTC-regulated derivatives

In brief Steak ‘n Shake will accept Bitcoin nationwide starting May 16. The rollout gives over 100 million customers a crypto payment option. Few chains have gone beyond pilots, marking the development as a rare full-scale adoption. Bitcoin is coming to the drive-thru.  American fast food chain Steak ‘n Shake said Thursday it will begin

In brief MARA reported a substantial $533 million net loss largely due to Bitcoin valuation adjustments. Revenue grew 30% year-over-year to $214 million but still missed expectations. Its mining output fell 19% despite doubling its hashrate after the 2024 Bitcoin halving, which slashed block rewards. On Thursday, Bitcoin miner MARA Holdings reported a staggering $533