SoFi discloses 503,000 crypto products as gross crypto revenue hits $162 million
SoFi broke out crypto products for the first time. Gross crypto revenue rose 20%, while total net revenue hit a record $1.39 billion.
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Ripple, BNY explore using the XRP Ledger to finance approved invoices
BNY adds XRP and RLUSD to its custody platform, as Ripple and C2FO test settling invoice payments on the XRP Ledger.
Galaxy Digital swings to $323 million quarterly profit, announces new $200 million share buyback
Galaxy returned to profitability in the third quarter as trading volumes and lending increased, with a new $200 million buyback authorized.
Bitcoin mining infrastructure firm Luxor raises $16 million to expand AI business
The company plans to expand its AI business and hire about 12 people by year-end, COO Ethan Vera told The Block.
Crypto Market Structure Explained
Crypto market structure is the architecture behind digital asset markets. It explains who participates, where trades happen, how liquidity forms, how prices are discovered, how derivatives and funding rates work, and how market design affects execution, fairness, risk, and resilience.
Zcash co-founder proposes ending grants subsidy, citing $125 million treasury
Zcash co-founder Sean Bowe proposed ending automatic grants funding, citing a treasury valuation of more than $125 million.
Ark Invest buys $5.2 million of Circle shares, sells $15.9 million of its own Bitcoin ETF as BTC grinds lower
Ark Invest rebalanced its fund weightings, adding Circle shares and trimming its Bitcoin ETF holdings as BTC fell below $80,000.
Circle faces up to 20% revenue risk from AI agents, Mizuho says
Mizuho cited 10-20% medium-term reserve revenue downside risk as AI agents steer USDC holders toward higher-yielding fiat alternatives.
StoneX lifts Strive price target 34% as new stock offering bolsters bitcoin strategy
StoneX has raised its price target for bitcoin treasury company Strive to $43 from $32 and reiterated its Buy rating on the stock.
Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight
Ripple's structure places reserve management and custody under federal supervision while leaving issuance with the New York-regulated entity.
BlackRock joins SBI and Startale to link tokenized MMFs with Japanese yen stablecoins
BlackRock, SBI Holdings, and Startale will explore connecting tokenized money market funds with SBI's Japanese yen-pegged stablecoin JPYSC.
CZ pitches BNB Chain’s role in AI as BNB Standard rings Nasdaq bell
CZ sees AI driving crypto use, while BNB Standard plans to expand beyond holding tokens in its treasury.