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Bitcoin purist Jack Dorsey reluctantly gives in to the stablecoin craze

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Block CEO Jack Dorsey said his company would support stablecoins, even though he has long argued that Bitcoin should serve as the internet’s native monetary protocol. In an interview with WIRED, Dorsey acknowledged the change while clarifying that it reflects customer demand rather than a change in personal belief. “I don’t like that we support […]

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Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.

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Prediction market platforms Kalshi and Polymarket are discussing possible fundraising rounds that could value each company at around $20 billion. If concluded at this level, the transactions would roughly double their valuations compared to the end of 2025. The discussions remain preliminary and may not result in finalized investments, according to the Wall Street Journal.

Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion. Read More »

Those who applauded the US Bitcoin reserve spent a year watching Trump’s order languish

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President Donald Trump’s decision to establish what he called a “strategic Bitcoin reserve” within the federal government was met with celebration from the crypto sector early in his administration. The industry hailed it as further cementing the arrival of bitcoin BTC$67,831.20 as a mature asset, but a year has passed and there is still no

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Circle transfers $68 million in internal payments through its own stablecoin to bypass traditional banks

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Circle began using its own stablecoin infrastructure to move money between internal entities, settling $68 million in transfers via USDC, CEO Jeremy Allaire said Saturday. The transactions were executed through Circle Mint, the company’s platform for minting and redeeming USDC. The company’s treasury team used the system to perform intercompany transfer pricing (routine internal payments

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BTC, in Deep Bear Market, Could Crash Another 30%, Investment Firm Says

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Bitcoin BTC$68,042.65 is firmly in the deepest phase of the bear market and the pain could get worse, according to CK Zheng, founder of crypto investment firm ZX Squared Capital. “Bitcoin price is now convincingly in deep bear market territory. We expect another 30% price decline in 2026 as the war in Iran has begun,”

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Why Bitcoin Suffered a $110 Billion Wipe Despite Its Best Wall Street News Week in Months

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Bitcoin briefly pushed toward $74,000 this week, supported by a series of bullish developments that have increasingly linked the crypto industry to traditional finance. Some market watchers have started calling this a bull rally, with one analyst even saying the new trend “has legs.” But the rally did not last. By the end of the

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Financial AI Agent Management Is the Only Skill You’ll Need to Survive AI Layoffs

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AI is infiltrating all layers of society, including finance. What started as asking ChatGPT about your deepest financial worries quickly evolved into agents capable of reasoning, executing, and coordinating across markets with minimal human intervention. The pace of change at the intersection of AI and finance is daily, not weekly. Goldman Sachs warned of AI-fueled

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Strike Wins New York BitLicense, Paving the Way for Bitcoin Financial Services Deployment

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Strike received a BitLicense and money transmitter license from the New York State Department of Financial Services, paving the way for Bitcoin. BTC$68,366.50 financial services company to operate in the state. “Receiving our BitLicense is a milestone for Strike,” said Jack Mallers, Founder and CEO of Strike. “Thanks to our BitLicense, we can now bring

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How Private Credit Cracks at BlackRock and Blue Owl Could Hit the Crypto and DeFi Markets

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Cracks in the global private credit market are rattling investors, raising fears the tensions could spill over to crypto markets. Bloomberg reported Friday that BlackRock’s $26 billion private credit fund had begun limiting withdrawals amid rising redemption requests. The move follows similar tensions at Blue Owl, which sold $1.4 billion in loans last month to

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