The move aims to position Paxos to serve growing institutional demand for on-chain asset issuance and stablecoin payments.
The deal will add stablecoin-based payment tools for merchants and gig workers as crypto payments are rapidly growing.
The broker sees CMPO shares gaining from operational momentum and Arculus’s new trading features, with M&A potential still offering upside.
Circle's IPO and Stripe acquiring stablecoin startup Bridge were the "bitcoin ETF moments" for stablecoin adoption, Utila CEO Bentzi Rabi said in an interview.
MoonPay will handle conversions between digital assets and fiat currency in the upcoming Rumble Wallet.
To claim aidrops, users had to download Magic Eden's wallet, a highly atypical process that industry insiders said threatened to breach security best practices.
According to Chainalysis, real-world tokenized assets and investment vehicles continue to be major drivers of crypto adoption.
Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
Coinbase CEO Brian Armstrong sees the transaction as an “important step to AIs getting useful work done.”
CoinStats said in a July 5 update that it’s still investigating the incident and is taking action to secure its new infrastructure.
ZachXBT flagged seven wallet addresses with $61 million in Bitcoin connected to the Lazarus hacking group.