Crypto infrastructure firm Bakkt jumps 17% on deeper stablecoin payments push with new deal
The firm said it has agreed to acquire Distributed Technologies Research, a blockchain-based payment infrastructure provider.
Firm
the XRP-linked firm expands its institutional trading push
Ripple said it deepened its relationship with brokerage firm TJM Investments, buying a minority stake that takes it further into the behind-the-scenes infrastructure that institutions use to trade and settle assets. Ripple will support the trading and clearing operations of TJM, a U.S.-regulated broker-dealer, as… Read More
CFTC’s acting chief Pham poised to go to crypto firm MoonPay once Mike Selig lands
With an any-minute-now confirmation of Mike Selig to take over the U.S. Commodity Futures Trading Commission, its stand-in chief, Caroline Pham, is closer to her longstanding plan to jump to crypto firm MoonPay. As CoinDesk reported last month, Pham was said to be planning to… Read More
Vanguard Exec Calls Bitcoin a ‘Digital Labubu’ Even as Firm Opens ETF Trading Access
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$89,237.53 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s… Read More
Strategy (MSTR) CEO Says His Firm Has ‘More Flexibility Than Ever’ to Keep Buying Bitcoin
Strategy CEO Phong Le says the company now has “more flexibility than ever” to continue accumulating bitcoin, citing a capital structure built on long-dated debt, opportunistic equity access, and no short-term refinancing pressure. Speaking on the most recent episode of the “What Bitcoin Did” podcast,… Read More
Shipping Firm OceanPal Adds AI Arm With $120M PIPE Deal, Eyes 10% of NEAR Supply
The move is backed by investors including Kraken and Fabric Ventures, and OceanPal’s shipping business will continue to operate separately.