Business

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

Key Takeaways Coinbase acquired Deribit for $2.9 billion to expand its derivatives market presence. CEO Brian Armstrong indicated interest in further acquisitions, especially international ones. Share this article Coinbase is ready to spend more on acquisitions after reaching a $2.9 billion deal to acquire Deribit, said CEO Brian Armstrong on Bloomberg Television today. Deribit is

In brief JPMorgan Chase settled its first transaction on a public blockchain this week. The transaction comes roughly six years after the Financial titan debuted its decentralized platform, JPM Coin. It marks JPMorgan’s deepening push into blockchain technology as institutional investors embrace tokenized real-world assets. JPMorgan Chase has completed its first transaction on a public

Twenty One, a new publicly traded Bitcoin company that will trade on the Nasdaq via a planned SPAC merger with Cantor Equity Partners, already has nearly $459 million worth of Bitcoin waiting for its treasury thanks to a purchase made by stablecoin giant Tether. In an SEC filing Tuesday, Cantor Equity Partners disclosed that Tether—one

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