Stablecoin issuer Circle CRCL$82.25·Market Closed is defending its business model as Coinbase, its largest distribution partner, backs a rival that aims to give businesses more income from stablecoin reserves. In a blog post on Friday, Chief Commercial Officer Kash Razzaghi wrote that Circle kept about 7 cents in net profit for each dollar in revenue […]
Archives for October 17, 2026
Strive Bitcoin Holdings Reach 35,595 BTC As Wall Street Raises Price Target 27%
TL;DR: TD Cowen reportedly raised its Strive share-price target from $44 to $56 after the Bitcoin treasury company expanded its holdings to 35,595 BTC. Strive is also seeking financing through a substantial preferred-share offering. Bitcoin treasury company Strive is attracting fresh attention from Wall Street after a rapid buying programme took its reported holdings to […]
Pantera Leads $10 Million Fission Funding Round To Solve Tokenized Fund Liquidity Problem
TL;DR: Tokenization infrastructure firm Fission has raised $10 million in a funding round led by Pantera Capital. It wants to make it easier for eligible investors to sell tokenized private-market holdings without waiting for traditional fund redemption periods. The tokenization industry has spent years promising faster transfers of financial assets. Fission now wants to solve […]
Strategy Declares Daily STRC Dividends As Saylor Targets $100 Share Price
TL;DR: Strategy has conditionally declared daily STRC preferred-stock dividends for November 2026. The new cadence remains subject to shareholder approval and is intended to make the security more attractive to investors. Strategy is proposing another adjustment to the financing instruments supporting its Bitcoin treasury business, this time seeking approval to pay dividends on its STRC […]
Circle Reveals $819 Million USDC Payouts As Stablecoin Economics Come Under Scrutiny
TL;DR: Circle says it generated roughly $1.4 billion in first-half 2026 revenue while spending $819 million on distribution partners and related costs. The disclosure highlights the expense of building a widely used stablecoin payment network. Circle’s USDC business is generating substantial revenue, but its latest disclosures show how much of that income is needed to […]
Charles Schwab Opens Bitcoin And Ethereum Transfers As Crypto Rollout Expands
TL;DR: Charles Schwab is expanding its direct Bitcoin and Ethereum services, including phased external wallet transfers. The move brings digital asset ownership further into the company’s conventional brokerage experience. Charles Schwab is moving its cryptocurrency service closer to the features customers expect from a dedicated digital asset platform. The brokerage has been rolling out direct […]
Crypto Giants Feature In $210 Million Political Donations Report As Regulatory Scrutiny Grows
TL;DR: An October 8 Public Citizen report links corporations and individuals benefiting from cancelled federal enforcement actions to approximately $210.5 million in donations and pledges to Trump-aligned political committees. Major cryptocurrency companies feature among the reported contributors. A report examining corporate political donations and changes to federal enforcement has placed several major cryptocurrency businesses under […]
Binance.US Seeks $100 Million Funding Round At $1 Billion Valuation
TL;DR: Binance.US is reportedly seeking up to $100 million from private investors at a proposed valuation of approximately $1 billion. The financing discussions come as the American exchange attempts to rebuild after several difficult years. Binance.US is reportedly pursuing a $100 million fundraising round as it seeks to strengthen its presence in the American cryptocurrency […]
Goldman, Wells Fargo, Morgan Stanley see tokenization as a growth play, not a threat
Wells Fargo, meanwhile, is already processing cross-border payments using tokenized deposits, with money reaching beneficiary accounts in two minutes or less. “This is in production, by the way, and it’s small volume so far,” CFO Michael Santomassimo said. The bigger opportunity for Wells Fargo may be geographic. Unlike some of its global rivals, the bank […]
Arbitrum Courts European Investors Managing €800 Billion With New Revenue Pitch
TL;DR: Arbitrum representatives have presented the network’s infrastructure and revenue model to European financial institutions managing substantial assets. The meetings should not be confused with confirmed investment commitments to ARB. Arbitrum is increasingly pitching itself as a blockchain infrastructure business rather than simply another cryptocurrency ecosystem. During institutional meetings reported on October 16, representatives discussed […]
