Crypto exchange Kontigo has frozen US-bank services for its Venezuelan users, cutting off thousands of people who depend on the platform to store and move US dollars in an economy hit by hyperinflation. The San Francisco-based company, which describes itself as “a USDC Smart Neobank for Latinos in the U.S. and Latin America”, said on X on November 21 that its United States-based bank account provider has “ordered a temporary suspension of services.” “We are working on finding a solution for you,” Kontigo ...

Key Points Standard Chartered analyst Geoffrey Kendrick thinks XRP's price could increase at 73% annually during the next three years. Ripple CEO Brad Garlinghouse says XRP could capture 14% of payment volume currently handled by the SWIFT system within five years. The SEC is likely to approve several spot XRP ETFs before the end of 2025, which should boost demand among retail and institutional investors. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) is the fourth-most valuable cryptocurre ...

Core Insights - Coinbase Global (COIN) is expected to report third-quarter 2025 results on October 30, with revenues estimated at $1.7 billion, reflecting a 44.1% year-over-year increase [1] - The consensus estimate for earnings is $1.06 per share, indicating a 71% increase from the previous year [1][2] - The earnings surprise history shows COIN has beaten estimates in three of the last four quarters, with an average surprise of 310.23% [2] Financial Estimates - Current quarter earnings estimate is $1.06 per share, unchanged from the previous week, but up from $1.01 a month ago [2] - The Zacks Consensus Estimate for trading volume is 299 million, representing a 61.6% increase year-over-year [5] - Transaction revenues are estimated at $939 million, indicating a 63.9% increase from the prior year [8] - Subscription and services revenues are projected to be between $665 million and $745 million, with a consensus estimate of $712 million [9] Performance Drivers - Increased volatility in crypto markets is expected to drive higher trading volumes and revenues [5][6] - The addition of Deribit is anticipated to enhance revenue streams and attract institutional investors [7] - Growth in stablecoin adoption and international expansion are likely to support COIN's trading fees and overall revenue [7][17] Cost Management - COIN expects sales and marketing expenses to range between $190 million and $290 million due to increased digital marketing spending [10] - Technology and development expenses are projected to be between $800 million and $850 million, driven by higher headcount [11] - The company is focused on operational efficiency and disciplined cost control to enhance profit margins [19] Market Positioning - Coinbase is positioned to benefit from increased crypto asset volatility and rising prices, with a strategy to expand its market share in both U.S. spot and derivatives markets [17][20] - The company aims to establish itself as a comprehensive exchange for various crypto assets, supported by acquisitions and product diversification [18] - Despite a premium valuation, the company maintains a relatively strong debt position and improving liquidity [19][21]

Binance, the largest cryptocurrency exchange by trading volume, recorded a significant decline in its digital asset reserves over the past week. The top exchange witnessed an $8 billion plunge in its Bitcoin , Ethereum , Tether , and USD Coin reserves over the last seven days, according to an X post by CryptoQuant analyst Julio Moreno. Moreno hinted at the pre-crash market conditions when Binance’s reserve value was “growing” by roughly $14 billion due to inflated asset prices. The CryptoQuant analyst’s ...

Nigel Farage has pledged to slash crypto taxes and establish a UK Bitcoin reserve if elected. Reform UK’s leader declared at the Digital Asset Summit in London on Monday that “when it comes to your industry, when it comes to growth in this industry, then I am your champion.” The proposed legislation would reduce the capital gains tax on crypto investments from 24% to a flat 10% and mandate that the Bank of England establish a Bitcoin reserve using approximately £5 billion worth of Bitcoin currently held f ...

Core Insights - Thumzup Media Corporation has appointed Chris Ensey to its Board of Directors, effective October 14, 2025, as the company prepares for its merger with Dogehash Technologies, Inc. [1][4][8] - Ensey brings over two decades of experience in technology, cybersecurity, and data center development, which positions him well to guide Thumzup's growth [2][3][5]. Company Developments - The appointment of Ensey is seen as pivotal for Thumzup as it transitions into a diversified digital innovation enterprise [1][4]. - Thumzup is expanding its treasury strategy beyond Bitcoin to include other leading cryptocurrencies such as Dogecoin, Litecoin, Solana, Ripple, Ether, and USD Coin, reflecting its commitment to financial agility and innovation [6]. Leadership and Expertise - Ensey has a strong background in blockchain operations and risk management, having previously served as CEO and COO of Riot Blockchain, where he led strategic expansion during a dynamic phase of the crypto market [3][8]. - His experience includes significant roles in cybersecurity and infrastructure programs at major firms like IBM and SafeNet, which will enhance Thumzup's capabilities in executing its post-merger strategy [3][5]. Strategic Vision - Thumzup's CEO, Robert Steele, emphasized that Ensey's expertise aligns with the company's vision as it advances towards the DogeHash merger and aims to expand its presence in the digital asset ecosystem [4][5]. - Ensey expressed enthusiasm about shaping the future of digital marketing and crypto assets, indicating a focus on uniting technology, creativity, and financial innovation [5].

Core Insights - Stablecoins have emerged as a popular investment option for risk-averse investors, providing a safer alternative compared to traditional cryptocurrencies [2] - The primary goal of stablecoins is to maintain a value of $1.00, with the majority pegged to the U.S. dollar [3] - Stablecoins can facilitate faster and cheaper cross-border transactions and offer higher yields compared to traditional savings options [4] Comparison of Stablecoins - Ethena USDe and Dai are both pegged to the U.S. dollar but are not backed by actual U.S. dollars or Treasuries, differentiating them from stablecoins like USD Coin and PayPal USD [6] - Ethena USDe utilizes a mix of crypto assets and employs a balancing strategy between long and short positions in crypto to maintain its peg to the U.S. dollar [7][8] - Dai uses smart contracts to hold crypto assets as collateral while maintaining its peg to the U.S. dollar [9]

Core Insights - The Federal Reserve's interest rate cut is expected to benefit Coinbase Global (COIN) as it encourages investors to seek higher returns in riskier assets like cryptocurrencies [1][8] - Coinbase is well-positioned in the crypto market, offering a comprehensive financial account for consumers and a full-service prime brokerage for institutions [3][4] - Increased trading volume, driven by the shift towards equities and digital assets, is likely to enhance COIN's transaction revenues, which constitute over 50% of its top line [4][8] Company Positioning - Coinbase's strategic growth initiatives and its status as a leading "everything exchange" position it to capitalize on market opportunities [4] - The company benefits from a pro-crypto environment under the current administration, which has eased regulatory controls [2] Peer Analysis - Robinhood Markets (HOOD) is expected to see increased trading activity and transaction-driven revenues due to lower yields on traditional savings and bonds [5] - Circle Internet Group (CRCL) may face compressed reserve income from reduced rates but could benefit from increased stablecoin adoption [6] Financial Performance - COIN shares have appreciated by 38.5% year-to-date, outperforming the industry [7][8] - The company's price-to-earnings ratio stands at 52.56, significantly above the industry average of 25.71, indicating a potentially expensive valuation [10] Earnings Estimates - The Zacks Consensus Estimate for COIN's third-quarter 2025 EPS has decreased by 1 cent, while estimates for the fourth quarter and full-year 2025 remain unchanged [11] - Revenue estimates for 2025 and 2026 indicate year-over-year increases, while EPS estimates show a decline [12]

Group 1 - The stablecoin market is projected to reach $2 trillion in the next three years, representing a tenfold increase, driven by regulatory frameworks like the Genius Act [1] - Stablecoins are defined as blockchain-based currencies typically pegged to traditional currencies, offering fast and low-cost payment processing without geographical constraints [2] - Initially serving as a bridge between traditional money and cryptocurrencies, stablecoins are now being explored by banks, retailers, and other entities for integration into their operations [3] Group 2 - The total volume of stablecoins in circulation exceeds $210 billion, surpassing the customer payables of several brokerages [5] - Tether has approximately $150 billion in circulation, while Circle's USD Coin totals nearly $63 billion; in contrast, Robinhood has over $7 billion in liquid assets, and Morgan Stanley has over $200 billion in customer payables [6] - Despite the growth of stablecoin deposits, traditional banks remain dominant, with JPMorgan Chase holding $2.1 trillion in deposits and Bank of America and Wells Fargo combined holding $3.3 trillion [8] Group 3 - If the transaction volume of stablecoins continues to grow at the current rate, they could potentially surpass existing payment systems within a decade, although uncertainties remain regarding the industry's future development [9]

Core Insights - The cryptocurrency market is perceived as highly volatile and risky, resembling an unregulated casino, making it unsuitable for life savings [1] - Investing $1,000 in promising cryptocurrencies like Bitcoin, Ethereum, and USD Coin could be a wise long-term strategy [2] Group 1: Bitcoin - Bitcoin is considered a compelling long-term investment due to its energy-intensive proof-of-work mechanism and a capped supply of 21 million tokens, creating scarcity similar to precious metals [4] - The approval of spot price exchange-traded funds (ETFs) has facilitated easier investment in Bitcoin for both retail and institutional investors [5] - Increasing adoption of Bitcoin as legal tender in various countries and initiatives like the U.S. government's "Strategic Bitcoin Reserve" are contributing to its perception as "digital gold" [5][6] Group 2: Ethereum - Ethereum, the second most valuable cryptocurrency, transitioned to a proof-of-stake mechanism in 2022, making Ether impossible to mine and resulting in a circulating supply of 120.7 million tokens [7] - The Ethereum blockchain supports smart contracts, enabling the development of decentralized applications (dApps), non-fungible tokens (NFTs), and other tokenized assets, which can influence Ether's value [9] - The supply of Ether can be deflationary or inflationary based on network activity, as tokens are burned as transaction fees, affecting its overall value [9]