Blockhead Daily Digest — Newsletters — Bitcoin — Coinbase — MicroStrategy — Mining — Marathon Digital Holdings
Bitcoin is Pumping Crypto Stocks So Hard That it Even Broke Coinbase
Coinbase is in overdrive as market participants continue to ape into the unstoppable bull market. Meanwhile, Marathon Digital adds another layer(-2) to its mining operations, and Microstrategy's Michael Saylor is $700 million richer over three days
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While Félix Raised $200M to Move Beyond Remittances, Western Union Had Already Closed Its Stablecoin Gap
A new US excise tax on cash transfers favors Félix's digital rails, but Western Union's own stablecoin card shows that advantage may not last long enough to matter as much as Félix's untested move into lending.
Sberbank's $46 Billion Bet: Russia's Regulated Crypto Market Takes Shape
Russia has opened its crypto market to regulated trading, with Sberbank forecasting $46.4 billion in first-year volume as Moscow brings digital assets deeper into its financial system.
Japan's $97 Billion Intervention Fails; Bitcoin's Resilience Faces Critical Test
Japan’s $97 billion yen intervention has slowed the currency’s slide, but done little to change its trajectory. If the BOJ is forced to hike rates, the resulting carry-trade unwind could hit Bitcoin and global liquidity hard.
A Hollow Recovery?
Bitcoin has recovered 31% from its lows, but the capital behind that recovery remains questionable. Whale accumulation is rising while retail distributes, stablecoin growth stays muted and leveraged derivatives drive volume—leaving $77,000 as the next critical test.
Latest
While Félix Raised $200M to Move Beyond Remittances, Western Union Had Already Closed Its Stablecoin Gap
A new US excise tax on cash transfers favors Félix's digital rails, but Western Union's own stablecoin card shows that advantage may not last long enough to matter as much as Félix's untested move into lending.
G20 Finance Ministers Pledge 'Responsible' Digital Asset Rules, Again Without Specifics
The Asheville statement tasks the Financial Stability Board with reviewing cross-border stablecoin risk, but leaves the actual rulebook to individual regulators.
Kraken Parent Payward Delays IPO Again
The postponement, the company's second in six months, lands as BitGo, the only digital-asset custodian to go public this year, trades near a third of its IPO price.
Singapore is Now BitGo's Largest Trading Desk
The expansion arrives as the newly public custodian works to show that revenue growth, up nearly 80 percent last quarter, can translate into profit.