Key Concept - Maximal Extractable Value (MEV) is the maximum profit a block producer can capture by manipulating transaction order [1] Industry Perspective - The industry questions whether MEV is a necessary incentive or a hidden tax eroding trust in blockchains [1]

Core Insights - Ripple has secured a $500 million strategic investment, elevating its valuation to $40 billion, marking it as one of the most valuable private companies in the crypto sector [2][3] - The investment was co-led by Fortress Investment Group and Citadel Securities, indicating strong institutional confidence in Ripple's blockchain payment solutions [2][3] - Ripple's recent achievements include processing $95 billion in payment volume and holding 75 regulatory licenses globally, showcasing its scale and compliance [4] Investment and Valuation - The $500 million investment significantly boosts Ripple's valuation to $40 billion, reflecting a growing institutional trust in blockchain infrastructure [3] - This funding round is one of the largest single funding events in the crypto industry, highlighting the sector's consolidation and maturation [3] Regulatory Environment and Market Trends - The investment comes at a time of a more favorable regulatory environment in the US, with crypto mergers and acquisitions exceeding $10 billion in Q3 2025, a 100% increase from the previous quarter [5] - This trend allows established players like Ripple to accelerate their initiatives without facing previous legal uncertainties [5] Acquisition Strategy - Ripple has transformed its business through an aggressive acquisition strategy, deploying approximately $4 billion across six deals in two years, including notable acquisitions like Rail, GTreasury, and Hidden Road [6]

Dubai, here I come! Excited to speak and meet everyone at #BinanceBlockchainWeek. https://t.co/6qozwVxnCu ...

Financial Data and Key Metrics Changes - Payoneer reported Q3 revenue of $271 million, a 9% year-over-year increase, with revenue excluding interest income reaching $211 million, up 15% year-over-year, marking a quarterly record [14][15] - Adjusted EBITDA was $71 million, representing a 26% adjusted EBITDA margin, with $12 million in adjusted EBITDA excluding interest income for the quarter [22][23] - Customer funds held by Payoneer increased 17% year-over-year to $7.1 billion, reflecting customer trust and future revenue potential [17][19] Business Line Data and Key Metrics Changes - B2B revenue grew 27% in Q3, now representing roughly 30% of revenue excluding interest, up from 20% in Q1 2023 [8][15] - Average Revenue Per User (ARPU) increased 15% in the quarter and was up 22% excluding interest income, with a total increase of 65% since Q1 2023 [15][6] - The focus on larger customers has resulted in nearly 30% of Q3 revenue coming from customers with over $250,000 in monthly volume [7][33] Market Data and Key Metrics Changes - SMB volume grew 6% year-over-year, with B2B SMB volume up 11% and checkout volume up 46% [16] - Enterprise payouts volume increased 19% year-over-year, driven by strong demand in key travel routes and onboarding of new enterprise customers [16] - The take rate for Q3 was 121 basis points, roughly flat year-over-year, with a 12 basis point increase in the SMB customer take rate [16][20] Company Strategy and Development Direction - The company is focused on profitable growth by refining its customer portfolio and prioritizing larger, more complex customers [6][12] - Payoneer is evolving its platform to capture opportunities in stablecoins and blockchain technology, with plans to offer Stablecoin Wallet functionality in 2026 [10][41] - The strategy includes prudent capital allocation, with nearly $500 million in cash and a $300 million share buyback program [12][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential despite short-term volatility, emphasizing a focus on quality customer acquisition and retention [4][5] - The company anticipates continued growth in customer balances and revenue, driven by the adoption of higher-value products and services [9][25] - Management noted a modest softening in volumes in October but remains optimistic about the upcoming holiday season and overall business performance [40] Other Important Information - Total operating expenses increased 10% to $235 million, driven by labor-related expenses and transaction costs [19][22] - The company has secured approximately $120 million of interest income for 2026 through hedging programs [18][19] - Payoneer is actively managing its transaction costs and leveraging strategic partnerships to improve operational efficiency [20][21] Q&A Session Summary Question: Insights on sustainability of key metrics for 2026 - Management highlighted the sustainability and durability of growth metrics, with ARPU consistently growing above 20% and a resilient business model [30][32] Question: Changes in go-to-market strategy - The company is focusing on acquiring larger, higher-quality customers through organic growth and strategic partnerships, enhancing its market presence [34][36] Question: Impact of macroeconomic factors on SMBs - Management acknowledged the impact of tariffs and macroeconomic volatility on SMB volumes but noted resilience and adaptability among customers [38][40] Question: Demand for stablecoin technology - Management sees stablecoins as a long-term opportunity and is exploring their integration into the platform, driven by customer demand for multi-currency capabilities [41][42] Question: Sustainability of take rate expansion - The company reported a 12 basis point increase in take rate, driven by B2B growth and product adoption, with expectations for continued expansion [47][49] Question: Growth in customer funds - Management indicated that customer funds are expected to grow in line with overall volumes, driven by increased utility and adoption of AP products [54][58] Question: Trends in the checkout business - The transition to a partnership with Stripe is expected to improve cost dynamics, with moderated growth rates anticipated but significant revenue potential [61][62] Question: Update on the Scout acquisition - The workforce management business is experiencing solid growth, expanding the ecosystem of AP capabilities and enhancing the B2B value proposition [67][68]

RT Lily Liu (@calilyliu)Crypto has always had dual capitals.Initially it was San Francisco and Shanghai.Then the West searched amongst Zug, Berlin, Lisbon (Paris and France for a hot second). Today it is New York.The East migrated from Shanghai to Hong Kong to Singapore, and today it’s the UAE.The UAE also attracts many from Europe and India and CIS - making it a crossroads for everything in between the Atlantic and the Pacific. ...

Core Insights - Grayscale Investments has waived the sponsor's fee and reduced staking fees for the Grayscale Solana Trust ETF (GSOL) for up to three months or until the fund's AUM reaches $1 billion, whichever comes first [1][4] - GSOL is now staking up to 100% of its SOL at a 7.23% Staking Reward Rate, benefiting both new and existing investors [1][4] - The fund aims to provide long-term benefits through a diversified validator approach, enhancing the staking program [2] Company Overview - Grayscale Investments is the largest digital asset-focused investment platform based on AUM as of November 3, 2025, with a decade-long track record in the digital asset space [4] - GSOL was launched in 2021 as a private placement, listed on OTCQX in 2023, and began staking in October 2025, subsequently uplisting as an ETP [3] - The company enables investors to access the digital economy through various investment products, including single asset, diversified, and thematic exposure [3] Product Features - GSOL offers exchange-listed exposure to Solana, a high-performance, proof-of-stake blockchain known for its high throughput and low fees [2] - The fund's staking program is designed to compound returns over time, with a focus on maximizing investor economics [2][3] - The gross staking return of 7.23% represents the average total annualized return on staked assets for the period from October 10 to November 4, before deducting any staking fees [4]

It's a multi-million dollar heist uh rattling crypto investors this week. A hacker stole over hund00 million from a DeFi a decentralized finance uh platform called Balancer. And joining us now, cyber security expert Chris Krebs. He served as the inaugural director of the US Department of Homeland Security, cyber security and infrastructure security agency.He also uh ran US cyber policy for Microsoft. So Chris, can you let's just get back to to what what what is balancer. It was I guess it used ether or some ...

🚨UPDATE: @TETHER_TO AND DA NANG CITY SIGN MOU TO PROMOTE BLOCKCHAIN-BASED DIGITAL GOVERNANCE AND INFRASTRUCTURE DEVELOPMENT IN VIETNAM ...

Los Angeles, California, Nov. 05, 2025 (GLOBE NEWSWIRE) -- OFA Group (Nasdaq: OFAL) (the “Company”), a global design and technology firm integrating artificial intelligence, digital asset infrastructure, and real-world architecture, today announced the initial closing of a private investment in public equity (PIPE) financing of up to $50 million. The PIPE is led by Greentree Financial Group, Inc. and TriCore Foundation, LLC with R.F. Lafferty & Co. acting as the exclusive placement agent. The participation ...

Core Insights - Europe's largest Bitcoin mining firm, Northern Data Group (NDG), is selling its mining division, Peak Mining, for up to $200 million, marking a significant shift towards artificial intelligence (AI) [1][6] - The sale includes $50 million in upfront cash and up to $150 million in deferred payments based on profit-sharing from its Texas mining site [2] - NDG plans to repurpose its existing mining infrastructure for AI workloads, which are expected to be more profitable than Bitcoin mining [2][4] Industry Trends - The pivot from Bitcoin mining to AI reflects a broader trend in the crypto industry, where miners are adapting to the increasing demand for AI computing as Bitcoin mining profitability declines due to rising energy costs and market conditions [3][6] - AI workloads can generate ten times more revenue per megawatt compared to Bitcoin mining, making this transition crucial for financial sustainability [4] Financial Performance - NDG's AI and cloud revenue tripled in 2024, surpassing €200 million, with expectations of an additional €150 million from AI services in early 2025 [5] - The company's previous strategic moves include selling Texas data centers for $651 million in 2022 and acquiring GPU specialist Decentric for $429 million, enhancing its capabilities for AI [4] Competitive Landscape - NDG is not alone in this transition; competitors like Core Scientific, Hut8, and Iris Energy are also converting their mining operations into AI hosting facilities, indicating a significant shift in the industry [7] - Core Scientific secured a $3.5 billion deal for AI infrastructure, highlighting the competitive nature of the AI market [7] Strategic Implications - The $200 million exit from Bitcoin mining is viewed as a strategic investment in the burgeoning AI sector, positioning NDG to capitalize on the anticipated trillion-dollar AI boom [8]