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Coinbase 🛡️· 2025-12-15 19:03
California deserves the same access that 46 other states have.Reality check:→ Staking isn't a security→ No one has ever lost assets by staking on Coinbase→ Californians have already missed out on $110m in potential rewards since 2023Time for change. https://t.co/Wbfx81kZFv ...
UK Supreme Court refuses BSV appeal, narrowing $13 billion lawsuit against crypto exchanges
Yahoo Finance· 2025-12-15 19:03
The U.K.’s Supreme Court refused to hear an appeal in a long-running $13 billion lawsuit brought by Bitcoin Satoshi Vision (BSV) investors, supporting lower-court rulings that narrowed claims against major crypto exchanges over the token’s delisting. In a brief decision released on Dec. 8, the court said BSV Claims Limited's “application does not raise an arguable point of law or a point of law of general public importance”. For exchanges such as Binance, which asked the U.K.’s Competition Appeal Tribun ...
Mark Cuban Called Meme Coins 'Musical Chairs' A Year Ago: As 2025 Ends, The Floor's Dropped From Under Most—Including His Favorite, Dogecoin
Yahoo Finance· 2025-12-15 19:01
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mark Cuban, a Billionaire investor and a vocal Dogecoin (CRYPTO: DOGE) advocate, voiced his skepticism about other memecoins about a year ago, likening them to a “game of musical chairs.” Cuban Not A Fan Of Meme Coins During a podcast aired Dec. 17, 2024, Cuban revealed his lack of enthusiasm for meme coins. “It's just hustle. There's no there there, and so it's like a game of musical chairs with money an ...
Circle vs. Strategy: Which Crypto-Exposed Stock Has an Edge Now?
ZACKS· 2025-12-15 18:41
Core Insights - Circle Internet Group (CRCL) and Strategy (MSTR) are publicly traded companies with stock performance closely linked to the cryptocurrency market, but they utilize different business models to gain exposure [1][2] Company Overview - Circle is a crypto-native financial company known for issuing USDC, a leading U.S. dollar-backed stablecoin, maintaining a 1:1 dollar peg through equivalent U.S. dollar deposits [2] - Strategy operates as a Bitcoin treasury company, holding 640,808 BTC, which constitutes approximately 3.1% of all bitcoins in existence [8][10] Market Projections - The global cryptocurrency market is projected to reach $11.71 billion by 2030, expanding at a 13.1% CAGR, emphasizing the importance of selecting the right crypto-linked business model [3] Circle (CRCL) Analysis - As of September 30, 2025, USDC circulation reached $73.7 billion, up 108% year over year, increasing Circle's stablecoin market share to 29% [4][8] - Circle's on-chain activity surged in Q3 2025, with $9.6 trillion in USDC transaction volume and 6.3 million meaningful wallets, indicating deepening adoption [5] - The Circle Payments Network has annualized transaction volume of $3.4 billion, and the Arc blockchain is in public testnet with over 100 institutional participants [6] - The Zacks Consensus Estimate for CRCL's 2026 earnings has decreased 4.2% to 92 cents per share over the past 30 days, following a reported loss of 87 cents per share in 2025 [7][9] Strategy (MSTR) Analysis - MSTR's net asset value is approximately $71 billion, with an average acquisition cost of $74,032 per BTC [10] - The company raised $19.8 billion year-to-date primarily through preferred equity issuances, reducing reliance on convertible debt [10] - MSTR has delivered a 26% BTC yield and a $12.9 billion gain in BTC value year-to-date, targeting a 30% BTC yield and $20 billion gain for full-year 2025 [11] - The Zacks Consensus Estimate for MSTR's 2026 earnings is pegged at $51.6 per share, indicating a 33.88% decrease from the previous year [12][13] Performance Comparison - In the past six months, CRCL shares have fallen 44.8%, while MSTR shares have seen a 53.8% decline, with CRCL's diversified business model providing relative outperformance [14] - Both companies are currently considered overvalued, with CRCL trading at a forward price-to-earnings ratio of 99.67X compared to MSTR's 3.34X [15] Conclusion - Circle appears better positioned than Strategy, offering more attractive crypto exposure through a diversified, adoption-led business model, with growth in USDC circulation and expanded partnerships reducing reliance on Bitcoin price fluctuations [18]
Crypto.Com to Launch Prediction Market Intelligence Platform with ERShares, Signal Markets
Yahoo Finance· 2025-12-15 18:08
Crypto.com has entered into a strategic partnership with investment solutions firm ERShares and fintech analytics firm Signal Markets to develop and launch a global predictions-market intelligence platform. The partnership will focus on developing a unified prediction market experience for Crypto.com users. Per a Dec. 15 press release, ERShares will oversee information integration, research design, podcast programming, and media distribution while Signal Markets will provide the analytics engine used to p ...
Ripple to Expand $1.3 Billion RLUSD Stablecoin to Ethereum Layer-2 Networks
Yahoo Finance· 2025-12-15 16:41
Core Insights - Ripple is expanding its RLUSD stablecoin to layer-2 networks on Ethereum, including Optimism, Coinbase's Base, Kraken's Ink, and Uniswap's Unichain, with the integration involving the interoperability protocol Wormhole [1][2] - The company emphasizes that stablecoins are essential for DeFi and institutional adoption, aiming to set a standard for compliance and on-chain efficiency [2] - The XRP Ledger has launched an Ethereum-compatible network, which has seen limited trading volume of $80 over the past week, hosting eight projects including decentralized exchanges and an NFT marketplace [2] Trading Volume and Market Activity - RLUSD generated $32 million in trading volume over the past day, with significant activity on the Bullish exchange, which accounted for $24 million of that volume [3][4] - The presence of RLUSD is also noted on Kraken and Bitstamp, indicating a diversified trading strategy [4] Regulatory and Market Context - Ripple's CEO highlighted the company's conditional approval for a national trust banking charter, which is seen as a significant advancement for the stablecoin, valued at $1.3 billion [5] - The approval from the Office of the Comptroller of the Currency for other stablecoin issuers like Paxos and Circle indicates a competitive regulatory environment [6]
Bitcoin plunges below $86,000 as crypto weakness worsens
Yahoo Finance· 2025-12-15 15:54
Major cryptocurrencies fell during U.S. morning hours Monday, continuing a now crystal-clear pattern of relative poor performance while American stocks trade. Trading fairly flat just below $90,000 overnight, bitcoin (BTC) plunged to $85,600 by early afternoon Eastern Time (ET), down 3.6% over the past 24 hours. Bitcoin's poor relative performance during U.S. market hours suggests at first glance weak demand from American investors, but perhaps it has something to do with the mechanics of the spot bitco ...
Tom Lee's BitMine Keeps Buying Ethereum, Adding $320 Million to ETH Treasury
Yahoo Finance· 2025-12-15 15:41
Core Insights - BitMine Immersion Technologies (BMNR) has added 102,259 ETH valued at approximately $320 million in the last week, bringing its total ETH holdings to 3,967,210 ETH, valued at over $12.4 billion [1][2] - The firm also holds 193 BTC worth around $17 million and has $1 billion in cash [1] - BitMine's Chairman, Tom Lee, expressed confidence that Ethereum has bottomed for the year, indicating a belief in a recovery of crypto prices following the price shock on October 10th [4] Group 1: Company Holdings and Strategy - BitMine continues to accumulate ETH, reinforcing its position as the leading ETH treasury firm amid fluctuating ETH prices [3] - The firm aims for an 'alchemy of 5%' target in its ETH accumulation strategy [3] - In a previous purchase, BitMine acquired approximately $429 million of ETH, marking its largest acquisition since October [4] Group 2: Future Prospects and Revenue Generation - BitMine is developing a bespoke staking solution called The Made in America Validator Network (MAVAN), which is expected to generate up to $400 million in annual staking revenue from its holdings [5] - Positive developments in digital assets, including favorable legislation and Wall Street support, are seen as indicators of a bright future for crypto [3] Group 3: Market Performance - Shares of BMNR have decreased nearly 7% since the opening bell on Monday, trading at $32.48, and have dropped nearly 80% since reaching a yearly peak of $161 on June 30 [6] - ETH has experienced a decline of over 2% in the last 24 hours, trading at approximately $3,010 [6]
Crypto Inflows Hit $864M: BTC, XRP Dominate
Yahoo Finance· 2025-12-15 15:39
Digital asset investment products recorded another week of net inflows. According to CoinShares data, crypto ETPs attracted a total of $864 million in inflows over the past week, the third consecutive week of positive flows. Total assets under management rose to around $180 billion, although this figure remains well below the previous all-time high of $264 billion, noted CoinShares in its digital asset fund flows report. While the US Federal Reserve announced another interest rate cut, price action acro ...
Strive Hikes Preferred Share Dividend Rate as Bitcoin Treasury Companies Continue to Plunge
Yahoo Finance· 2025-12-15 15:36
It's another in what's been a long run of difficult days for bitcoin treasury companies (BTCTCs) as the price of bitcoin (BTC) tumbles below $87,000 in morning U.S. action on Monday. Among those headed lower is Strive (ASST), now down 9% to a record low of $0.78. At the height of the BTCTC mania in the spring, Strive at one point traded above $13. Attempting to mirror Michael Saylor's Strategy, Strive last month issued a perpetual preferred series of stock (SATA), raising $160 million, with a dividend r ...