Stripe and Advent Offer $53 Billion for Paypal: Here’s What It Means for Crypto Payments
Payments processor Stripe and private equity firm Advent International have offered to buy Paypal for more than $53 billion, a 28% premium to Tuesday’s close. A deal would unite two of the most aggressive stablecoin players in fintech. A Massive Bid For the Payments Giant Reuters reported the exclusive earlier today, citing sources familiar with […] Powered by...
Morgan Stanley Updates Ethereum and Solana ETF Filings as Coinbase Takes Custody and Staking Role
Morgan Stanley has filed fresh amendments to its spot ether and solana exchange-traded fund (ETF) applications, naming Coinbase as custodian and staking facilitator. The updates mark the banking giant’s third round of revisions since its January debut filings. An Update With Major Implications The Wall Street bank updated its S-1 registration statements for the proposed […] Powered by...
Taiwan Lawmaker Puts Bitcoin Reserve Odds at 80% in Five Years: Here’s His Roadmap
Taiwanese legislator Dr. Ko Ju-chun says there is “roughly an 80% chance” Taiwan establishes a strategic bitcoin reserve within five years if political conditions align and close to 100% within ten. Ushering in Serious Change Dr. Ko, an at-large member of Taiwan’s Legislative Yuan and vice co-chair of the legislature’s US-Taiwan Caucus, has emerged as […] Powered by...
Bitcoin Reclaims $65,000 After Iran Selloff: Here’s What’s Driving the Rebound
Bitcoin climbed to $65,000 on Wednesday, reclaiming the level for the first time since renewed U.S.–Iran hostilities knocked the price below $62,000 earlier this week. The move caps a two-week recovery from a late-June low near $58,000. From $62K Panic to $65K Reclaim Bitcoin pumped to $65,005 during Wednesday’s session, with the reclaim arriving just […] Powered by...
Americans Have Been Paying Less for Bitcoin Than the Rest of the World for 50 Straight Days
Bitcoin has traded at a discount on Coinbase versus Binance for 50 straight days, with the Coinbase Bitcoin Premium Index still negative as of July 7-8, the longest streak on record. The latest reading of -0.0742% shows BTC slightly cheaper on the U.S. exchange, a sign of weaker American demand that has coincided with roughly […] Powered by...
