Topic: #business
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Metaplanet sells 10,000 BTC, buys back 11,000 to show rating agencies it can sell
Metaplanet sold 10,000 BTC and bought back 11,000 in the third quarter, a round trip staged to show credit rating agencies it's able and willing to turn its Bitcoin into cash, according to a filing reported by Decrypt.
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HSBC names Hong Kong stablecoin RedCoin, plans P2P and merchant payments first
HSBC has named its planned Hong Kong stablecoin HSBC RedCoin. In a Sept. 20 announcement, the bank said it will first support P2P and person-to-merchant payments, with corporate and institutional uses to follow.
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Cboe, S&P DJI to explore tokenized options in 25-year licensing extension
Cboe Global Markets and S&P Dow Jones Indices said Tuesday they will explore tokenized options contracts as part of a 25-year extension of their exclusive licensing deal, which runs through 2051.
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Coinbase Launches Fixed-Rate Bitcoin Loans via Morpho Protocol
Coinbase rolled out fixed-rate USDC loans backed by Bitcoin, marking the first enterprise deployment of Morpho Midnight and a shift from on-chain lending's variable-rate standard.
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Visa Closes Meme Coin Rewards Loophole After Block Investigation
Visa is moving to block meme coin purchases from being coded as "digital media," ending a rewards arbitrage that let users earn credit card points on crypto buys. The shift follows a Block investigation and comes after banks lost their broader push for stablecoin regulation.
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Strive Reaches 25,000 Bitcoin After $36.6M Stock-Funded Purchase
Strive purchased 469 Bitcoin for $36.6 million between September 8 and 11, bringing its total holdings to 25,000 coins. The entire purchase was funded through SATA preferred stock, pushing the stock's notional value past $1 billion for the first time and raising Strive's amplification ratio to 53.5%.
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Consensys Splits Into MetaMask and Institutional Blockchain Infrastructure
Consensys Software Inc. is splitting its consumer wallet business and institutional infrastructure operations into two separate entities, with the consumer arm rebranding as MetaMask and a newly formed Consensys taking over Ethereum protocols and enterprise blockchain services by year-end 2026.
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Strive Adds $109M Bitcoin; SATA Preferred Stock Nears $1B
Strive, the Vivek Ramaswamy-founded asset manager, purchased 1,375 BTC last week for $109 million, lifting its total holdings to 24,531 BTC ($1.9 billion). Seventy percent of the capital came from SATA preferred shares, which now total $999 million in notional value.
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MicroStrategy halts Bitcoin buying, deploys $176M to stock buybacks
Strategy halted Bitcoin purchases in the week to September 7 and spent $176.3 million repurchasing its own preferred stock instead, while doubling the authorization for its buyback program to $2 billion.
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Alibaba Cloud Revenue Surges 45%, AI Gains Offset by 75% CapEx Jump
Alibaba reported fiscal first-quarter revenue of 268.95 billion yuan (roughly $40 billion), up 9% year-over-year—the fastest growth in three years—driven by 45% acceleration in cloud and triple-digit AI product gains. Yet a 75% jump in capital expenditure and a cash flow reversal sent net income down sharply, extending a run of profit misses.
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MicroStrategy Bitcoin Holdings Swing to $1.4B Gain as BTC Rallies Above $77,000
Strategy's 840,447 BTC holdings have reversed from a $13 billion loss in July to a $1.4 billion unrealized gain, as Bitcoin surged nearly 23% over five consecutive days following regulatory clarity signals from the Trump administration.
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Zhibao Closes $154.7M Raise Entirely in Bitcoin
Nasdaq-listed Zhibao Technology, a Shanghai-based insurance-tech firm, closed a $154.7 million private placement funded entirely in cryptocurrency, with non-U.S. investors contributing 2,380 Bitcoin directly to the company wallet rather than cash.
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Spotify hits 300M paid subscribers despite price hikes in Q2 2026
Spotify crossed 300 million premium subscribers in Q2 2026, adding 7 million during the quarter despite price hikes across several regions. Revenue grew 14% year-over-year to €4.8 billion as the company expands into AI tools, fitness, and audiobooks.
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Hashdex shuts down Bitcoin ETF after failing to gain traction
Hashdex is liquidating its U.S. spot Bitcoin ETF (ticker: DEFI) after the fund accumulated only $14.7 million in assets under management. Trading will end August 17, with cash distributions to shareholders expected by August 28.
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Luno cuts 20% of staff as automation reshapes exchange operations
Crypto exchange Luno is cutting approximately 20% of its workforce, with CEO James Lanigan citing automation and operational improvements. The move marks the second major reduction at the London-based exchange, which serves 16 million users across Africa and Asia-Pacific.
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Visa cuts 7% of workforce to accelerate digital payments strategy
Visa is eliminating roughly 2,600 jobs, or 7% of its workforce, to streamline operations and redirect resources toward high-growth areas including stablecoins and cross-border payments, CEO Ryan McInerney announced ahead of quarterly earnings.
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Samsung Wallet to Add Stablecoin Support, Starting With USDC
Samsung announced stablecoin support for Samsung Wallet at Galaxy Unpacked on July 22, showing a mockup holding Circle's USDC. The company hasn't disclosed launch details, issuers, or whether the feature will be custodial.
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Kraken Parent Payward Expands xStocks to Hong Kong, UK, Europe
Payward, the parent company of Kraken, teamed up with fintech GTN to bring xStocks—blockchain-backed tokenized equities—to Hong Kong, the UK, Europe, and South Korea. The product, which launched in June 2025, has already processed over $35 billion in transaction volume.
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ECB Warns Stablecoins Could Drain Bank Deposits, Pitches Digital Euro
Piero Cipollone, an executive board member of the European Central Bank, warned that stablecoins pose a structural threat to banks' retail deposit base, citing a three-layer erosion from mobile payments, digital startups, and crypto tokens. The ECB is pitching a digital euro as the answer.
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Kenya's CMA Seeks Blockchain Analytics to Combat Crypto Crime
Kenya's Capital Markets Authority is seeking an advanced blockchain analytics platform to monitor over 20 blockchains and detect fraud, money laundering, and sanctions evasion under the country's new Virtual Assets Service Providers Act.
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SBI Holdings acquires Bitbank for $289M, creating Japan's largest crypto exchange
SBI Holdings announced Thursday it will acquire Tokyo-based crypto exchange Bitbank for roughly $289 million, pending regulatory approval. The combined firm would hold $6.8 billion in assets under custody and serve 2.92 million accounts.
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CME sues CFTC over Bitcoin perpetual futures approval
CME Group plans legal action against the CFTC over its decision to approve crypto perpetual futures, arguing the products are swaps under Dodd-Frank and should face stricter oversight. Outgoing CEO Terry Duffy announced the lawsuit Wednesday.
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Strategy Expands Cash Reserves to $1.1B, Buys 1,587 Bitcoin
Strategy increased its USD Reserve to $1.1 billion and purchased 1,587 Bitcoin for $100 million, signaling a second consecutive week of cash accumulation and Bitcoin buying after dipping into reserves last month.
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Gary Gensler Backs States in Prediction Market Regulation Fight
The former SEC and CFTC chair filed an amicus brief with the Sixth Circuit arguing Congress never intended to give the CFTC exclusive authority over sports betting, siding with states against the agency he once led.