Citi and Western Union lead Wall Street’s stablecoin charge as Bitcoin miners and lenders shake up the post-halving crypto landscape.
Sam Bourgi
Sam Bourgi is a senior news writer and editor at Cointelegraph, where he covers Bitcoin and the broader digital asset economy. With a background in economics and public policy, he analyzes the intersection of cryptocurrency and traditional finance. He authors the Crypto Biz newsletter, which explores blockchain business and venture capital. Sam has spoken at major tech conferences, including Web Summit, Collision, Blockchain Futurist and Proof of Work. Before joining Cointelegraph, he worked at think tanks, boutique research firms, and other crypto media outlets. He studied economics and public policy and holds a Master’s degree from McMaster University. Sam holds Bitcoin and USDC above Cointelegraph’s disclosure threshold of $1,000.
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Crypto Biz: Corporate stablecoin race heats up with Citi, Western Union at the helm - News
Onchain revenue nears $20B in 2025, marking a maturity test for crypto: Research Blockchain fees are set to reach $19.8 billion this year, demonstrating the technology’s growth beyond speculation into real, user-driven economic activity.
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Nigerian fintech plans African stablecoin payment system with Polygon: Report Flutterwave partners with Polygon Labs to launch a stablecoin-powered cross-border payments network spanning 34 countries across Africa.
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‘Cut-throat’ battle for crypto ETNs erupts in UK after retail ban lifted With retail access restored, crypto exchange-traded notes issuers slash fees to historic lows, signaling an intensifying battle for UK market dominance.
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Ex-FTX US chief bets on ‘perps’ for traditional markets Brett Harrison’s new startup brings perpetual futures — crypto’s signature high-leverage contracts — to stocks, currencies and commodities.
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BitGo expands institutional custody to Canton Network’s native token BitGo’s new custody support for Canton Coin allows regulated institutions to securely hold the Canton Network’s native token in the United States.
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Bitwise SOL staking ETF debuts with $223M assets, shows strong institutional demand Bitwise’s Solana ETF kicked off trading with $223 million in assets, showing US appetite for staking-based crypto ETFs after receiving SEC clarity.
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Coinbase, Figment broaden institutional staking beyond Ethereum The expanded integration lets Coinbase Prime clients stake Solana, Avalanche and other proof-of-stake assets directly from custody.
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OpenAI restructures as public benefit corporation; Microsoft secures 27% stake The move formalizes OpenAI’s ties with Microsoft, granting the tech giant long-term access to its AI models while locking in a $250 billion Azure commitment.
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Citi eyes stablecoin payments through new partnership with Coinbase Citi partnered with Coinbase to pilot stablecoin payments as the bank forecasts a $4 trillion market by 2030, signaling Wall Street’s growing crypto embrace.
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Ledn tops $1B in Bitcoin-backed loan originations as crypto lending surges Ledn has facilitated $2.8 billion in cumulative crypto-backed loans as holders leverage market gains amid the bull market.
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Canada weighs stablecoin rules ahead of federal budget: Report Canada eyes new stablecoin rules in upcoming budget, aiming to modernize payments and follow the US GENIUS Act’s regulatory example.
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ISM Manufacturing PMI suggests Bitcoin cycle may extend beyond historical norm Bitcoin’s market cycles may stretch longer as ISM manufacturing data remains weak, hinting at extended macro headwinds and slower business recovery.
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Mid-tier Bitcoin miners gain ground, reshaping post-halving competition Smaller Bitcoin miners surge in hashrate and debt as competition intensifies post-halving, reshaping the industry’s balance of power.
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Ledger’s new multisig interface sparks backlash over 'cash cow' fees Ledger’s new multisig app earns praise for tech upgrades but sparks backlash over added transaction fees.
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Coinbase stock surges after JPMorgan upgrade of Base, USDC potential JPMorgan sees Coinbase unlocking billions through its Base layer-2 network and USDC rewards overhaul, lifting its price target and fueling a stock rally.
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Crypto Biz: Bitcoin whales trade keys for comfort Early BTC whales shift to ETFs, giving up keys for TradFi perks, as BlackRock conversions rise and onchain self-custody breaks a 15-year uptrend.
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Tether’s stablecoin business set for another record year of profitability Tether projects $15 billion in profit for 2025, extending its dominance in the stablecoin market as investor interest and digital dollar adoption surge.
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Pump.fun expands with Padre acquisition as memecoin market cools Pump.fun acquired the Padre trading terminal to strengthen token liquidity as Solana’s memecoin market cools from its 2024 highs.
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Despite gov’t shutdown, crypto market structure bill ‘90% there’ — Coinbase CEO The remaining “10%” of issues center mainly on DeFi, which Brian Armstrong says lawmakers are addressing carefully to preserve innovation.
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Spark marks first major rotation from US Treasurys into regulated DeFi As Treasury yields sink, Spark’s $100 million move into Superstate’s regulated crypto carry fund signals DeFi’s pivot toward uncorrelated yield sources.
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Binance confirms CZ received presidential pardon from Trump US President Donald Trump signed a pardon for the Binance founder on Wednesday, The Wall Street Journal reported, clearing the way for his possible return to the exchange.
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Citadel discloses massive stake in Solana treasury company Citadel disclosed multimillion-dollar stakes in DeFi Development Corp., signaling rising institutional interest in Solana-linked assets.
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Stablecoins become ‘global macroeconomic force’ as transactions reach $46T: Report A new a16z report finds that stablecoins now account for over 1% of US dollars in circulation as institutions and fintechs get involved.
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Galaxy Digital reports $505M Q3 profit on trading surge, institutional demand Galaxy Digital reported higher quarterly profit as trading volume increased 140%, reflecting stronger institutional activity in crypto markets.
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Bitcoin whales quietly embrace BlackRock ETF following SEC rule change Bitcoin’s biggest holders are moving billions into ETFs like BlackRock’s IBIT, signaling a new phase of institutional adoption.
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X launches market for inactive handles amid push to monetize digital identity Available to Premium X users, the new marketplace could see rare usernames sell for up to seven figures.
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Wise hints at stablecoin ambitions with new digital-asset product lead search Wise is hiring a digital-asset product lead focused on stablecoins, signaling potential expansion into crypto amid shifting global regulations.
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Ripple-linked Evernorth to go public in $1B SPAC to build massive XRP treasury The move could make Evernorth one of the first public companies to anchor its balance sheet in XRP, signaling growing institutional appetite for digital assets.
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Crypto Biz: ‘Sound money’ meets a sound beating as Binance pledges bailout Crypto markets reel from a crash, Binance pledges relief, JP Morgan to offer crypto, and corporations are stacking BTC as Elon Musk praises it.