Yueqi Yang

Strategy, Michael Saylor’s bitcoin-holding firm, fell 3.7% Friday amid investor concerns that the stock could get excluded from MSCI indexes. Bitcoin fell 2% and is on track for its worst monthly performance since June 2022. Strategy is down 62% from its peak in July this year while bitcoin has fallen 32% from its high in October. Many of the more speculative cryptocurrencies and the listed

Coinbase is preparing to launch a prediction market to allow its crypto clients to bet on events such as elections and sports, according to two people familiar with the matter. The market will be powered by prediction market company Kalshi and will put Coinbase in a booming but increasingly ...

Blockchain.com, a crypto brokerage and wallet provider, is planning to go public next year, the company’s newly named co-chief executive revealed, aiming to list after several volatile years. The company said it promoted its president Lane Kasselman to be co-CEO, alongside its founder and CEO ...

Bitcoin has tumbled into a bear market, but the real damage is in the companies that have hoarded crypto, hoping to mimic the gains of Michael Saylor’s bitcoin stock, Strategy. Strategy is down 44% since bitcoin peaked in early October. More importantly, it is now trading slightly below the ...

Stablecoin issuer Circle’s revenue jumped 66% in the third quarter, but its shares fell 11% Wednesday, weighed down by concerns over declining interest rates and rising distribution costs to partners like Coinbase. It announced it’s exploring launching a token to incentivize the adoption of its Arc blockchain for stablecoin transactions. Circle reported third-quarter net income of $214

Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto ...

The Federal Reserve is exploring creating a new type of account that could be used by crypto, fintech and other companies to process payments without using banks. Fed governor Chrisopher Waller, speaking at the Fed’s first-ever Payments Innovation Conference, said he has directed Fed staff to explore the idea of creating a “skinny” master account that would provide basic Fed payment services

When a crypto crash ricocheted across markets earlier this month, the spotlight landed on Hyperliquid, an exchange that handles more than $13 billion in trades a day with around 11 employees based largely in Singapore. The two-year-old exchange is little known outside crypto markets but wildly ...

Coinbase and Mastercard have each held advanced talks to buy BVNK, a London-based stablecoin infrastructure firm, in a deal that could value the startup at between $1.5 billion and $2.5 billion, Fortune reported, citing people familiar with the deal. The talks are not finalized and may not result in a deal, but Coinbase appears to have a lead over Mastercard in the bid, the publication

In just over two months, the new stablecoin law has upended crypto markets, giving a group of new competitors a chance to wrest control from the industry’s two dominant companies, Tether and Circle. The biggest disruptor has been Stripe, which is benefiting from its well-timed $1.1 billion ...