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Square Launches 0% Fee Bitcoin Payments Program
Yahoo Finance· 2025-10-09 03:49
Core Insights - Square, a unit of Block Inc., has launched Square Bitcoin, a platform enabling over four million US merchants to accept and manage Bitcoin within their existing systems, marking a shift towards integrating digital assets into everyday business operations [1][2] Group 1: Product Features - Square Bitcoin integrates payments, conversions, and custody into a single interface, allowing merchants to accept Bitcoin at checkout and convert up to 50 percent of daily sales into Bitcoin [2] - The platform will begin processing transactions on November 10, 2025, with zero fees for the first year to encourage merchants to adopt the service without financial barriers [2][3] Group 2: Market Impact - The launch is seen as a pivotal moment for merchants, as it aims to make Bitcoin transactions as seamless as traditional card payments, indicating a shift in perception of Bitcoin from a niche investment to a daily settlement tool [3] - Industry analysts predict that the integration could catalyze wider Bitcoin adoption, with eMarketer forecasting an 82 percent increase in US crypto-payment users from 2024 to 2026 due to simplified merchant tools [4] Group 3: Competitive Landscape - Square's entry into the crypto payments space intensifies competition, as other companies like PayPal, Stripe, and Visa are also exploring digital currency transactions and on-chain settlements [5] - By offering native Bitcoin support and instant fiat conversion, Square may encourage competitors to move beyond stablecoins and adopt decentralized payment systems [5]
SuRo Capital Corp. Third Quarter 2025 Preliminary Investment Portfolio Update
Globenewswire· 2025-10-08 20:05
Core Insights - SuRo Capital anticipates a net asset value between $9.00 and $9.50 per share as of September 30, 2025 [4] - The company invested $5 million in HL Digital Assets, Inc., which is involved in the digital token HYPE [3] - Strong portfolio momentum is attributed to investments in AI and AI infrastructure [2] Investment Portfolio Update - As of September 30, 2025, SuRo Capital held positions in 37 portfolio companies, including 33 privately held and 4 publicly held [5] - Recent investments include a $0.3 million convertible note in Supplying Demand, Inc. and $5 million in preferred shares of HL Digital Assets, Inc. [5] - The company realized $7.2 million from CW Opportunity 2 LP and $0.7 million from GrabAGun Digital Holdings Inc. during the quarter [5] Financial Performance - SuRo Capital's liquid assets were approximately $58.3 million as of September 30, 2025 [7] - The company sold 1,230,984 shares under its at-the-market offering for gross proceeds of approximately $10.8 million [8] - An initial cash dividend of $0.25 per share was declared at the beginning of the third quarter [3][9] Market Position - OpenAI's recent secondary share sale valued the company at $500 billion, reinforcing its status as the most valuable private company globally [3] - SuRo Capital remains committed to investing in next-generation companies, particularly in the AI sector [3]
X @CoinDesk
CoinDesk· 2025-10-08 15:26
RT CoinDesk Indices (@CoinDeskMarkets)Digital Assets: Quarterly Review and Outlook👉 Key trends that shaped the crypto market in Q3👉 Three positive catalysts for Q4👉 The outperformance of @CoinDesk 5 and CoinDesk 20 amid declining bitcoin dominance👉 Dive into BTC, ETH, Solana, Cardano, and XRPGet informed: https://t.co/b3koq1whfK ...
Bank of England Plans Exemptions to Stablecoin Limits: Bloomberg
Yahoo Finance· 2025-10-08 11:52
Core Insights - The Bank of England (BoE) is planning to grant exemptions to its proposed limits on stablecoin holdings for certain firms, particularly crypto exchanges [1] - The BoE intends to allow the use of stablecoins for settlement in its Digital Securities Sandbox [1] - Previous reports indicated that the BoE was considering caps on stablecoin holdings, with limits set at £10,000-£20,000 ($13,400-$26,800) for individuals and £10 million ($13.4 million) for firms [2] - The digital asset industry has criticized the proposed caps as unworkable [2] - BoE Governor Andrew Bailey has expressed skepticism about stablecoins, citing potential threats to financial stability [3] - The approach of the BoE appears to be out of sync with other major financial jurisdictions that are embracing stablecoins [4]
Stablecoins may drum up $1.4 trillion of extra dollar demand by 2027, JPM says
Yahoo Finance· 2025-10-08 10:42
Core Insights - The adoption of stablecoins could lead to an additional $1.4 trillion demand for U.S. dollars by 2027 if overseas investors show interest in these digital assets [1][2] - The growth of the stablecoin market is expected to reinforce the dollar's role in global finance rather than accelerate de-dollarisation [2] Market Overview - The current stablecoin market is valued at $260 billion and could potentially grow to $2 trillion in a high-end scenario [3] - Approximately 99% of stablecoins, like Tether, are pegged 1:1 to the dollar, indicating that converting local currency into stablecoins would create new demand for U.S. dollars [3][5] Contextual Information - Stablecoins are digital tokens with stable values against traditional currencies, primarily the dollar, and are backed by reserves such as currency or other assets like Treasuries [4] - Euro zone finance ministers are set to discuss the support for euro-denominated stablecoins, highlighting the growing interest in stablecoin development [4]
Wealth App Stratiphy Partners With 21Shares to Offer Crypto ETNs Under New UK Rules
Yahoo Finance· 2025-10-08 09:15
Core Viewpoint - The partnership between 21Shares and Stratiphy marks a significant shift in the UK's regulatory stance on digital assets, allowing retail investors regulated access to crypto Exchange Traded Notes (ETNs) for the first time [1][2]. Group 1: Partnership and Product Offering - 21Shares has partnered with UK wealth management app Stratiphy to enable retail investors to buy and hold crypto ETNs following the Financial Conduct Authority's (FCA) lifting of its four-year ban on these products [1]. - Stratiphy will be the first UK wealth manager to list 21Shares' products, which include physically backed Bitcoin and Ethereum ETNs [2]. Group 2: Market Context and Demand - The FCA's decision represents a significant change in the UK's approach to digital assets, with 12% of UK adults already holding cryptoassets through largely unregulated platforms [4]. - Investor demand for digital assets is increasing, as highlighted by Daniel Gold, CEO of Stratiphy, who noted that this partnership will provide regulated access to crypto as soon as FCA approval is effective [3]. Group 3: Financial Performance and Growth - 21Shares manages over $11 billion in assets across 50 crypto exchange-traded products listed in Europe, with €26 billion worth of crypto ETPs traded on European exchanges in 2024, reflecting a 300% increase from the previous year [3]. - The regulated nature of these ETNs is expected to make them eligible for inclusion in ISA and SIPP portfolios, providing tax-efficient exposure to cryptoassets [5].
X @Poloniex Exchange
Poloniex Exchange· 2025-10-08 03:00
Daily News 🗞 | Oct 8• Grayscale stakes $150M ETH as SEC altcoin ETF deadlines approach• Over 61% of BTC hasn’t moved in a year• SharpLink Ether holdings near $1B in unrealized gains• S&P unveils Digital Markets 50 index, offering diversified exposure to digital assets• BNB surpasses XRP as third-largest cryptocurrency by market value#CryptoNews #PoloniexNEWS ...
Bank of England Plans Exemptions On Proposed Stablecoin Holding Caps
Yahoo Finance· 2025-10-08 02:07
The Bank of England is preparing to allow exemptions to proposed limits on stablecoin holdings, a move that signals a more flexible stance on digital assets as global competition intensifies. Bloomberg reported Tuesday that the UK’s Bank of England plans to grant waivers to certain firms, such as crypto exchanges that may need to hold large amounts of stablecoins for liquidity and settlement. The bank also intends to permit the use of stablecoins as settlement assets in its Digital Securities Sandbox, of ...
X @Wu Blockchain
Wu Blockchain· 2025-10-08 00:50
U.S. SEC Chair Paul Atkins said SEC plans to formally initiate rulemaking for an “Innovation Exemption” by the end of 2025 or early 2026 to encourage companies to develop digital assets and related technologies in the U.S. He emphasized that while the government shutdown has slowed the SEC’s rulemaking process, the exemption remains a top priority. https://t.co/yfgC4yPXoV ...