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Klarna Launches Stablecoin KlarnaUSD on Tempo Blockchain
Fintech Schweiz Digital Finance News· 2025-11-26 07:25
Core Insights - Klarna has launched its first stablecoin, KlarnaUSD, marking a significant shift for the company, which previously had a skeptical stance on cryptocurrency [1] - The stablecoin will be issued on Tempo, a new independent blockchain developed by Stripe and Paradigm, specifically designed for payments [1] - Klarna is the first bank to issue a stablecoin on the Tempo blockchain [1] Group 1: Purpose and Benefits - KlarnaUSD aims to streamline cross-border payments, which currently incur approximately US$120 billion in transaction fees annually [2] - The company views stablecoins as a way to lower costs for both consumers and merchants [2] - CEO Sebastian Siemiatkowski expressed optimism about the current state of cryptocurrency, highlighting its speed, low cost, security, and scalability [2] Group 2: Development and Partnerships - Klarna is building KlarnaUSD on Open Issuance by Bridge, a stablecoin infrastructure platform, and plans to launch it on Tempo's mainnet in 2026 [2] - The stablecoin is currently operational on Klarna's testnet, allowing for advanced testing, prototyping, and integration [3] - The partnership with Stripe enhances the existing collaboration between Klarna and Stripe, which covers payments infrastructure across 26 markets globally [3] - Klarna plans to announce its next partner in the coming weeks as it begins to publicly share its broader crypto initiatives [3]
X @Whale Alert
Whale Alert· 2025-11-26 06:51
🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,739 #BTC (152,494,450 USD) transferred from #Ceffu to #Binancehttps://t.co/VpOP0Qpdg1 ...
X @Whale Alert
Whale Alert· 2025-11-26 06:35
🚨 🚨 🚨 🚨 🚨 101,380,414 #USDT (101,433,892 USD) transferred from #Binance to unknown wallethttps://t.co/uJuMHaSE0u ...
CleanSpark Executive Says Company Will Keep Buying Bitcoin But Is 'Very Strategic' About It: 'We're Not Ideological'
Benzinga· 2025-11-26 06:12
Core Insights - CleanSpark Inc. emphasizes a flexible and strategic approach to managing its Bitcoin holdings, prioritizing monetization and cash generation over ideological commitments [1][3] - The company holds 13,011 BTC valued at $1.14 billion, making it the ninth-largest corporate holder of Bitcoin [2] - CleanSpark is open to selling part of its Bitcoin holdings if market conditions are favorable, contrasting with other companies that maintain a strict hold on their assets [3] Financial Performance - For fiscal 2025, CleanSpark reported revenue of $766.3 million, a significant increase from $379 million year-over-year [5] - The company achieved full-year earnings of $1.25 per share, a turnaround from a loss of 69 cents per share in the previous fiscal year [5] - CleanSpark is evolving into a "compute platform" to optimize value from both AI and Bitcoin workloads [5] Market Activity - As of the latest data, Bitcoin is trading at $87,266.97, reflecting a 0.93% increase in the last 24 hours [6] - CleanSpark's shares experienced a 2.29% drop in after-hours trading to $11.55, following a 2.96% increase during the regular trading session [6] - The company's growth potential is highlighted by a strong Edge Ranking of 99.73/100 in the growth category [6]
X @Cointelegraph
Cointelegraph· 2025-11-26 04:00
🇿🇦 NEW: South Africa's central bank flags crypto and stablecoins as financial risk, citing growing users and increased trading volume. https://t.co/PGV5MzU2SY ...
Cathie Wood Makes Massive Google Stock Purchase Amid AI Chip Shakeup — Ark Loads Up On Meta, Sells Palantir And AMD Shares - Alphabet (NASDAQ:GOOG)
Benzinga· 2025-11-26 03:47
Core Investment Moves - Ark Invest executed significant trades across multiple ETFs, focusing on technology and cryptocurrency-related companies [1] - The total investment in Meta Platforms amounted to approximately $21.5 million, with 33,837 shares purchased [2] - Ark Invest acquired 174,293 shares of Alphabet Inc., totaling around $56.4 million [4] - A purchase of 396,198 shares of CoreWeave Inc. was made, valued at approximately $28.2 million [6] - Ark sold 106,651 shares of Advanced Micro Devices Inc., valued at about $21.98 million [7] - The sale of 354,955 shares of Palantir Technologies was valued at approximately $58.05 million [8] - Ark purchased 212,538 shares of Block Inc., valued at around $13.5 million [11] - The ARKF and ARKW funds acquired 96,200 shares of ARK 21Shares Bitcoin ETF, valued at approximately $2.8 million [12] - The ARKK fund purchased 108,450 shares of Circle Internet Group Inc., valued at approximately $7.60 million [14] Market Reactions and Trends - Meta's stock rose by 3.78% amid speculation of a collaboration with Google on AI chips, despite ongoing investigations into fraudulent ads [3] - Alphabet's shares increased as the company approached a $4 trillion valuation, driven by AI developments [5] - CoreWeave's stock declined by 3.14% due to concerns over reliance on Nvidia GPUs [6] - AMD's shares fell by 4.15% influenced by reports of Meta's potential shift to Google's AI chips [7] - Palantir's stock rebounded due to strong third-quarter results and positive guidance, despite insider selling concerns [9] - Block's stock was bolstered by positive guidance from its recent Investor Day event [11] - Bitcoin prices have collapsed over 23% in the last 30 days, impacting Ark's investment strategy in digital assets [13] - Circle reported significant revenue growth, with a 202% increase in net income year-over-year [15]
Trump Advisor Kevin Hassett Reportedly Leading Fed Chair Race: See What Polymarket, Kalshi Bettors Are Predicting
Benzinga· 2025-11-26 03:18
Group 1 - Kevin Hassett is emerging as the leading candidate for the next Federal Reserve Chair, according to reports [1][2] - Hassett is viewed as a close ally of President Trump and is expected to align with Trump's approach to lowering interest rates [2][5] - The nomination is not final until publicly announced, as Trump is known for making surprise policy decisions [3] Group 2 - Current Fed Chair Jerome Powell has faced criticism from Trump for not cutting interest rates quickly enough, with Trump advocating for rates to drop to 1% or 2% from the current 3.75% to 4.00% [5] - Hassett has expressed a preference for lower interest rates and supported the recent 25-basis-point rate cut by the Fed [6] - Hassett has a background in cryptocurrency, having served on Coinbase's advisory council and disclosed a stake in the company worth at least $1 million [6] Group 3 - Prediction markets show a 52% to 55% chance of Hassett being nominated as the next Fed Chair [4] - Coinbase shares experienced a slight increase in after-hours trading, reflecting investor interest in the company [7]