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BitcoinWorld Strategic WiMi Bitcoin Investment: Nasdaq Firm Commits $212M to Crypto A remarkable development is unfolding in the world of corporate finance, directly impacting the cryptocurrency landscape. WiMi Hologram Cloud , a Nasdaq-listed entity known for its comprehensive holographic cloud technical solutions, recently made headlines with a substantial WiMi Bitcoin investment . This move signifies a growing trend among established companies to embrace digital assets, marking a pivotal moment for both the tech and crypto sectors. What Does This Strategic WiMi Bitcoin Investment Entail? According to a press release disseminated via PR Newswire, WiMi Hologram Cloud has allocated a staggering $212 million towards Bitcoin-related securities derivatives and short-term investments. This is not just a casual dip into the crypto waters; it represents a significant financial commitment from a publicly traded company. Bitcoin-related securities derivatives: These instruments allow WiMi to gain exposure to Bitcoin’s price movements without directly holding the cryptocurrency itself. This can offer flexibility and risk management options. Short-term investments: This portion suggests an intent to capitalize on near-term market opportunities within the Bitcoin ecosystem. This substantial WiMi Bitcoin investment highlights a strategic decision to diversify and potentially leverage the volatility and growth potential inherent in the digital asset space. Why Are More Firms Making Nasdaq Bitcoin Investments? The decision by WiMi Hologram Cloud to allocate such a considerable sum towards Bitcoin-related products is part of a broader trend. Many corporations are exploring cryptocurrency investment for various compelling reasons: Inflation Hedge: Bitcoin is often seen as a hedge against inflation, providing an alternative store of value in uncertain economic times. Diversification: Adding digital assets to a traditional portfolio can help diversify holdings and potentially reduce overall risk. Growth Potential: Despite its volatility, Bitcoin has shown immense long-term growth potential, attracting companies looking for higher returns than traditional assets. Technological Advancement: Investing in crypto can align with a company’s image as an innovator and early adopter of cutting-edge technologies. This growing interest from Nasdaq-listed companies like WiMi underscores the increasing legitimacy and integration of digital assets into mainstream finance. Impact of WiMi Hologram Cloud’s Strategic Move A major Nasdaq Bitcoin investment like WiMi’s sends a strong signal to the market. It suggests that even companies outside the traditional financial sector recognize the value and potential of cryptocurrencies. This kind of institutional adoption can have several positive ripple effects: Increased Legitimacy: When established companies invest, it boosts Bitcoin’s credibility among a wider audience and other corporations. Market Confidence: Large investments can instill greater confidence in the crypto market, potentially attracting more institutional and retail investors. Innovation: Corporate involvement can spur further innovation within the blockchain and crypto space, leading to new products and services. The actions of companies like WiMi Hologram Cloud are gradually reshaping how the corporate world views and interacts with digital currencies, paving the way for more widespread corporate Bitcoin holdings . Navigating the Future of Cryptocurrency Investment While the prospects are exciting, navigating the world of cryptocurrency investment still presents challenges. Volatility remains a key characteristic of the crypto market. Companies undertaking such investments often employ sophisticated strategies to manage risk, utilizing derivatives and short-term positions as WiMi has done. For individuals and institutions considering similar moves, it is crucial to conduct thorough research, understand the underlying technology, and be aware of market dynamics. The landscape is evolving rapidly, offering both significant opportunities and inherent risks. Key Takeaways for Investors: Research Thoroughly: Understand the assets and the market. Risk Management: Employ strategies to mitigate potential losses. Long-Term Vision: Consider the long-term potential of digital assets. WiMi’s substantial WiMi Bitcoin investment exemplifies a bold step by a Nasdaq-listed firm into the digital asset realm. This move not only highlights the growing institutional confidence in Bitcoin but also signals a broader shift in corporate financial strategies. As more companies explore corporate Bitcoin holdings , the line between traditional finance and the crypto world continues to blur, promising an exciting future for digital assets. Frequently Asked Questions (FAQs) 1. What is WiMi Hologram Cloud? WiMi Hologram Cloud is a Nasdaq-listed company that provides comprehensive holographic cloud technical solutions, specializing in augmented reality (AR) and virtual reality (VR) applications. 2. How much did WiMi invest in Bitcoin-related products? WiMi Hologram Cloud announced a total investment of $212 million in Bitcoin-related securities derivatives and short-term investments. 3. Why are companies like WiMi investing in Bitcoin? Companies are investing in Bitcoin for various reasons, including hedging against inflation, diversifying their corporate treasury, seeking growth potential beyond traditional assets, and aligning with technological innovation. 4. What are Bitcoin-related securities derivatives? Bitcoin-related securities derivatives are financial instruments that allow investors to gain exposure to Bitcoin’s price movements without directly owning the underlying cryptocurrency. They can include futures, options, or exchange-traded products (ETPs). 5. What is the significance of this WiMi Bitcoin investment? This significant investment by a Nasdaq-listed firm like WiMi Hologram Cloud enhances the legitimacy of Bitcoin and the broader cryptocurrency market, potentially encouraging further institutional adoption and investment. Share the Insight! Did you find this article insightful? Share it with your friends, colleagues, and anyone interested in the evolving landscape of corporate cryptocurrency investments! Your shares help us spread valuable information. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin institutional adoption . This post Strategic WiMi Bitcoin Investment: Nasdaq Firm Commits $212M to Crypto first appeared on BitcoinWorld and is written by Editorial Team
In a recent post on X, Levi Rietveld, a prominent figure at Crypto Crusaders, shared a video contrasting Bitcoin and XRP, featuring comments from Ripple CEO Brad Garlinghouse. The post was accompanied by the caption “Bitcoin vs XRP” and a direct appeal to viewers stating, “If you don’t know XRP Army, you really gotta check this out.” The video primarily focused on the environmental concerns surrounding Bitcoin mining and presented XRP’s consensus mechanism as a more energy-conscious alternative. Garlinghouse Criticizes Bitcoin’s Energy Consumption The footage showed Garlinghouse addressing the significant energy demand required for Bitcoin mining , which he said now consumes approximately one percent of global energy usage. He described this figure as a “holy shit moment”, indicating that the scale of Bitcoin’s energy consumption, particularly in light of growing environmental awareness, should be a cause for serious reflection. Garlinghouse emphasized the disconnect between Bitcoin mining practices and the ongoing push by environmental activists and organizations for greener alternatives. He questioned the logic behind continuing to expand Bitcoin’s energy consumption footprint, stating that the practice “makes no sense at all” in the context of modern environmental expectations. #Bitcoin vs #XRP pic.twitter.com/9pzRmxN0E4 — Levi | Crypto Crusaders (@LeviRietveld) August 5, 2025 XRP Ledger Built to Avoid Energy Waste The Ripple CEO acknowledged that the environmental foresight behind the XRP Ledger predated his involvement with the company. He credited the early architects of the XRP Ledger with recognizing the unsustainable trajectory of proof-of-work models. According to him, these engineers foresaw the exponential energy demands associated with proof-of-work mining and intentionally chose to implement a consensus algorithm that did not require high electricity usage for transaction validation. Garlinghouse explained that Bitcoin’s design necessitates increased computational effort as it nears its hard cap of 21 million coins. As more coins are mined, the difficulty level increases, leading to greater energy requirements. He described this compounding energy demand as a structural feature of Bitcoin that the XRP Ledger was specifically built to avoid. Alternative Consensus Mechanism Emphasized According to Garlinghouse’s statements, the XRP Ledger employs a different consensus model that is considerably more efficient. He described it in simplified terms but stressed that the energy implications were a key design decision from the outset. The consensus mechanism used by the XRP Ledger does not rely on mining; therefore, it does not require vast amounts of power to validate and settle transactions. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Rietveld Highlights Growing Crypto Sustainability Debate Rietveld’s decision to share the clip appears intended to highlight XRP’s positioning within the wider debate about cryptocurrency sustainability. By promoting Garlinghouse’s remarks, Rietveld drew attention to the contrast between XRP’s consensus approach and the energy-intensive process associated with Bitcoin. The video serves to reinforce the long-standing narrative within segments of the crypto community that XRP offers a scalable and environmentally viable infrastructure for digital payments, particularly when compared to legacy proof-of-work systems. While Bitcoin continues to be defended by its proponents as a decentralized and censorship-resistant monetary network, the concerns raised in the video bring renewed focus to the ongoing discourse around the environmental impact of blockchain technologies. Garlinghouse’s remarks, as shared by Rietveld, highlight a continued effort by Ripple and its supporters to position XRP and the XRP Ledger as forward-looking and sustainable components of the digital asset ecosystem. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO Highlights XRP’s Advantage Over Bitcoin appeared first on Times Tabloid .
Bank of America predicts no Fed interest rate cuts before 2026. Moynihan highlights robust consumer spending and credit quality. Continue Reading: Bank of America’s Chief Predicts Fed’s Interest Rate Moves The post Bank of America’s Chief Predicts Fed’s Interest Rate Moves appeared first on COINTURK NEWS .
BitcoinWorld Crucial BSV Lawsuit: Bitcoin SV Investors Challenge Binance Delisting in UK Supreme Court A significant legal battle is unfolding in the cryptocurrency world, grabbing the attention of Bitcoin SV investors and major exchanges alike. A massive £9 billion ($12 billion) crypto class action has reached the UK Supreme Court. This high-stakes case involves investors who are appealing a previous decision regarding the Binance delisting of BSV in 2019. It’s a development that could set a crucial precedent for the entire digital asset industry. What is the BSV Lawsuit All About? At its core, this legal claim is about seeking damages for alleged losses. A group of Bitcoin SV investors initiated the claim against several prominent crypto exchanges, including Binance, Kraken, Bittylicious, and ShapeShift. Their central argument revolves around the 2019 delisting of BSV. The investors believe this action prevented the token from achieving its full price potential. The case has been a long and winding road through the UK legal system. It represents one of the largest cryptocurrency-related legal claims to date. Why are Bitcoin SV Investors Challenging the Binance Delisting? The investors argue that the Binance delisting , alongside similar actions by other exchanges, constituted anti-competitive behavior. They claim these actions essentially stifled the market for BSV, thereby impacting its value and their investments. This is a common concern in the fast-evolving crypto space, where exchange decisions can significantly influence token prices. The investors initially sought substantial damages, believing they were unfairly disadvantaged. They contend that had BSV remained listed, it would have experienced significant price appreciation, similar to other digital assets during that period. The Legal Journey: Reaching the UK Supreme Court The path to the UK Supreme Court has been challenging for the Bitcoin SV investors . Their case has navigated various levels of the British legal system. Previously, the Court of Appeal largely dismissed their claim, finding in favor of the exchanges. However, the investors have shown resilience, now seeking permission to appeal that dismissal to the highest court in the UK. This pursuit highlights the determination of the investors to have their arguments heard at the highest judicial level. The decision by the Supreme Court to grant or deny permission to appeal will be a pivotal moment for this ongoing BSV lawsuit . What are the Broader Implications of This Crypto Class Action? This crypto class action holds significant weight beyond just the parties involved. If the appeal is granted and ultimately successful, it could establish a precedent regarding the responsibilities of crypto exchanges concerning token listings and delistings. This might lead to: Increased scrutiny on how exchanges make listing decisions. Potential legal challenges for future delistings across the industry. A shift in how investors view their rights when an exchange removes a token. Conversely, if the appeal is dismissed, it would reinforce the existing legal framework and potentially limit future class actions based on similar grounds. Therefore, the outcome of this BSV lawsuit is keenly awaited by market participants. The pursuit of this £9 billion legal claim by Bitcoin SV investors against major exchanges like Binance underscores the growing maturity and legal scrutiny within the cryptocurrency market. As the case reaches the UK Supreme Court, the industry watches closely. The decision will not only impact the investors and exchanges involved but could also shape the future landscape of digital asset regulation and investor protection globally. This post Crucial BSV Lawsuit: Bitcoin SV Investors Challenge Binance Delisting in UK Supreme Court first appeared on BitcoinWorld and is written by Editorial Team
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Manufacturers of bitcoin (BTC) mining equipment won't be feeling the pinch of a new round of tariffs the White House has imposed on the semiconductor industry, as the largest chip manufacturers like TSMC and Samsung have an exemption from the new rules due to their investments in the U.S. Officials in Taiwan confirmed to local press that TSMC would have an exemption from the 100% tariffs because of its facilities in Phoenix, which opened in 2023. South Korean officials also confirmed that Samsung would have a similar exemption because of its fabs in Texas . TSMC and Samsung manufacture the Application Specific Integrated Circuits (ASICs) designed by BTC mining companies like Bitmain, Canaan, and Bitdeer. Bitmain and Canaan didn't respond to a request for comment from CoinDesk. A spokesperson for Bitdeer confirmed that they partner with TSMC to manufacture the ASICs used for their miners, and thus wouldn't feel the pinch of tariffs. The spokesperson also said that they expect to bring online a U.S.-based factory to assemble the miners within a year. Broadly speaking, the market seems to have shrugged off the new tariffs. In Taipei, the TAIEX, an index of Taiwan's stock market, is set to open trading Friday up 2.3% with TSMC up 3% and approaching record highs. Even the targets of these tariff policies are in the green. SMIC, the Shanghai-based rival to TSMC, which lacks a U.S. facility, is up on the week in Hong Kong, outperforming the Hang Seng index. Market Movers: BTC: Bitcoin has entered a bullish cooldown after hitting a $123K all-time high, now trading at $117,386.04, with softer momentum and weaker on-chain signals pointing to short-term consolidation or mild downside risk, according to a report by CryptoQuant. ETH: Glassnode data shows short-term capital flow has shifted from Solana to Ether, with ETH/SOL at a year-to-date low and ETH/BTC breaking above its 200-day EMA for the first time in two years, as ETH trades at $3,905.42 (+6.43%) and approaches $4K, with open interest at $58B and network activity at record highs. Gold: Gold is trading at $3,387, up 0.5%, as the market weighs the impact of tariffs on India for importing Russian oil. Nikkei 225: Asia-Pacific markets opened mixed Friday, with Japan’s Nikkei 225 up 1.18% and the Topix hitting a record 3,031.78, led by sharp gains in Nippon Chemical Industrial, Miyakoshi Holdings, J-Lease, and Japan Electronic Materials. S&P 500: Stocks rose Wednesday, with the S&P 500 up 0.73% to 6,345.06, as Apple jumped 5% on news it will boost U.S. manufacturing investment by $100B to a total of $600B over four years. Elsewhere in Crypto: SEC's Long-Running Case Against Ripple Officially Over (CoinDesk) Stablecoin Provider Paxos to Pay $26.5M Fine to Settle Charges Related to Binance (Decrypt) Ripple to Buy Stablecoin Payments Firm Rail for $200M to Boost RLUSD (CoinDesk)
Institutional interest in Solana is reaching new heights. Public companies are actively accumulating SOL to earn passive income and gain long-term exposure to the network. Staking rewards of up to 8% are making Solana attractive to treasury strategists. The move marks a shift in how companies manage idle capital in the digital space. Instead of just holding Bitcoin, they are now diversifying into proof-of-stake ecosystems that offer real returns. Three public companies have this week disclosed major SOL acquisitions. Their holdings combined now exceed 3.5 million tokens. As this trend gains momentum, investors are also turning their attention to early-stage opportunities—most notably MAGACOIN FINANCE. Public Companies Move Big into Solana Three publicly listed companies—Bit Mining, Upexi, and DeFi Development Corp.—are leading the current wave of Solana accumulation. Each has made major purchases and plans to stake their holdings to generate yield. Bit Mining, once focused mainly on Bitcoin operations, bought 27,191 SOL this week for $4.5 million. The firm launched its own validator and announced plans to raise $300 million to build out its Solana treasury. This move signals a deliberate pivot toward proof-of-stake assets. Upexi, a U.S. supply chain and brand management company, made the largest move. It raised over $200 million in July and increased its SOL holdings from 735,692 to more than 2 million. Most of the tokens have already been staked, earning the company around $65,000 daily in passive income. DeFi Development Corp., formerly Janover, also joined the race. The company added another 110,466 SOL to its reserves, bringing its total to over 1.2 million tokens. It now plans to stake the full treasury across multiple validators. The firm’s shift to blockchain began after its acquisition by former Kraken executives. These companies now control over $590 million in SOL. Their strategies reflect a growing shift toward blockchain-based yield models in corporate treasury management. XRP Attracts Quiet Institutional Attention XRP is building its own case for institutional inflow as Solana pivots to staking. Ripple’s recent regulatory clarity in the U.S. has helped restore confidence in the token. Analysts note that the real-world use case of XRP in global payments makes it a strategic choice for institutions that want exposure without high volatility. If market conditions stabilize, XRP could attract more capital from investors rotating out of Bitcoin and into altcoins with regulatory strength. MAGACOIN FINANCE Named the Best Crypto Presale As corporate capital crowds into large-cap assets, some investors are looking earlier in the cycle. MAGACOIN FINANCE is gaining attention in that space. Analysts have named it the best crypto presale for the upcoming bull cycle because of its low entry point and focus on decentralized finance. Unlike hype-driven projects, MAGACOIN FINANCE has a roadmap focused on governance tools, staking utilities, and integration into emerging DeFi ecosystems. Its early-stage profile appeals to traders looking to front-run the next wave of adoption. Conclusion Companies are no longer just holding Bitcoin. They’re building active, yield-focused treasuries around Solana. XRP is quietly gaining favor as regulatory clarity improves. Meanwhile, MAGACOIN FINANCE offers early exposure to those seeking value ahead of the next bull market rotation. To learn more about MAGACOIN FINANCE, visit: Website: https://magacoinfinance.com Twitter/X: https://x.com/magacoinfinance Telegram: https://t.me/magacoinfinance Continue Reading: Solana Treasury Race Intensifies—Are Whales Eyeing XRP and This Undervalued Gem Next?
Ripple aims to build the world’s most advanced stablecoin payments network through its $200 million Rail acquisition, targeting global infrastructure, real-time settlement, and institutional-grade compliance. Ripple Acquiring Rail to Build the Ultimate Stablecoin Payments Powerhouse Ripple announced on Aug. 7, 2025, that it will acquire Rail, a payments infrastructure platform focused on stablecoin transactions, in
As Ethereum eyes the $5,000 mark amid renewed bullish momentum across the crypto market, investors are turning their attention to emerging tokens that could shape the next big breakout. While ETH continues to dominate headlines, all eyes are now on Mutuum Finance (MUTM) , a rising DeFi protocol under $1 that’s gaining serious traction for its innovative approach to asset lending. Mutuum Finance is in Phase 6 and is presently valued at $0.035. The next price increase will bring Mutuum Finance to $0.04 in phase 7. Investors in this stage of investment will earn a return on investment of 71.43% once the token goes live at $0.06. Mutuum Finance (MUTM) presale has crossed more than $14.1 million raised and welcomed more than 14,900 distinct holders. Mutuum Finance could outpace Ethereum with 55x gains. Ethereum Eyes $5,000 as Utility Tokens Gain Spotlight Ethereum is currently trading around $3,660, consolidating above key support in the $3,550–$3,700 range after rebounding from recent highs near $3,800. Institutional flows remain robust, with over $150 million in spot ETH ETF inflows recently recorded, even as futures sentiment stays cautious, signaling renewed confidence in the network’s trajectory. Experts forecast ETH could reach $5,000 in Q3 2025, supported by shrinking exchange supply, DeFi demand, and upcoming protocol upgrades. While Ethereum remains central to the DeFi ecosystem, some investor attention is shifting toward smaller utility-based protocols like Mutuum Finance. Mutuum Finance Reveals Phase 6 of Its Presale Mutuum Finance has concluded Phase 5 of its presale and advanced into Phase 6, where its tokens can be bought at $0.035. Its next price increase will be another 14.29% to drive the price of its tokens up to $0.04. Early adopters shall be rewarded with a 71.43% ROI when the token reaches $0.06 upon listing. MUTM presale has already raised over $14.1 million and accumulated over 14,900 individual holders. Mutuum Finance Joins Hands with CertiK to Unveil $50K Bug Bounty Mutuum Finance is in collaboration with CertiK to bring onboard a Bug Bounty Program. The program’s reward fund stands at $50,000 USDT. Four categories i.e. low, minor, major and critical will be rewarded under the program. The program shows the vision of Mutuum Finance to establish community-driven, secure and sustainable ecosystem. The project has also been rigorously audited by Certik on user fund security and security of the blockchain. This is a milestone on Mutuum Finance’s vision for an open institution-grade DeFi protocol. Mutuum Finance Launches MUTM Giveaway Mutuum Finance (MUTM) is giving away a $100,000 giveaway where the users will be rewarded in $10,000 MUTM tokens. Its recently launched leaderboard system will also reward the top 50 Mutuum Finance (MUTM) holders. Ethereum may be headed toward $5,000, but the spotlight is starting to shift. With over $14.1 million already raised and nearly 14,900 early adopters on board, Mutuum Finance (MUTM) is positioning itself as a serious contender in the next wave of DeFi growth. Its unique dual-lending model, strong security focus, and early-stage value under $0.04 have investors eyeing potential 55x gains, returns that even ETH might struggle to match. As the next bull run gains momentum, it may not be the big names that lead, it could be the builders like MUTM. For more information about Mutuum Finance (MUTM) visit the links below: Website: https://mutuum.com/ Linktree: https://linktr.ee/mutuumfinance
Block Inc., led by Jack Dorsey, lifted its full-year gross profit outlook after delivering a stronger-than-expected second quarter. The jump was powered by Cash App’s lending growth and steady payment volumes across its platforms. The company had previously forecast $9.96 billion in gross profit for 2025. News of the appointment caused Block shares to rise 8% in after-market trade in New York on Thursday. Cash App, Block’s peer-to-peer payment and banking platform, pulled in $1.50 billion gross profit for the quarter—an increase of 16% YoY—topping an expected $1.42 billion by analysts. The signature player here was Borrow, a short-term lending service, Cash App said, which sold faster than anticipated. Card spending also supported the buy now, pay later features. Monthly active users remained steady at around 57 million, but the company expects revenue to climb without adding more users. Chief Financial Officer Amrita Ahuja said revenue acceleration in the year’s second half does not depend on active user growth. Square and efficiency bolster results Square , Block’s merchant-facing division, continued to deliver solid gains in the second quarter, reinforcing its role as the company’s second major growth engine alongside Cash App. The business, best known for its sleek card readers and point-of-sale systems used by coffee shops, restaurants, salons, and small retailers, saw gross payment volume (GPV) climb 10% year-over-year to $64.25 billion. While this fell slightly short of Wall Street’s $66.33 billion forecast, analysts noted the growth was still strong given the challenging macroeconomic environment and tighter consumer spending in some sectors. Higher transaction volumes and broader adoption of value-added services lifted Square’s gross profit 11% over last year. The company’s buy now, pay later (BNPL) service, which enables customers to split payments into installments, is seeing strong growth across merchants and consumers on the platform, driving better sales and customer retention for sellers. Square has also started shipping its Bitcoin mining chips to clients as part of a wider strategy targeting the cryptocurrency infrastructure market over the long term. I say go, and the revenue on these deliveries should be more material as the year progresses. Operation efficiency is also increasingly a core focus for Block, with Square playing a large part. Artificial intelligence tools for product development, fraud detection, personalized merchant servicing, and lower operational costs have been deployed across the company. The savings from all of this will be funneled into Block’s pockets to redeploy that money toward growth initiatives, which the company hopes can increase margins. Perhaps most importantly for Square, the future of the business is clouded in as much uncertainty as ever: Bloomberg Intelligence analysts identified three main growth catalysts for the business -deepening engagement among Cash App users to drive transaction frequency higher, growing Square’s merchant base across not only small and mid-sized businesses but larger enterprises and in geographies outside of its existing markets, and optimizing operations to further profit without sacrificing innovation. If macroeconomic conditions stabilize and small-business spending rebounds in those areas, Block could be better poised for growth starting in 2025. Firm stays upbeat despite headwinds Block reported an adjusted net profit of $385 million for the second quarter, or 62 cents per share, up from 47 cents a year ago. Revenue came in at $6.82 billion, matching market expectations. The company has also enjoyed a boost in investor confidence since joining the S&P 500 in July. CEO Jack Dorsey also addressed the rise of stablecoins, noting their role in remittances. He said if stablecoins became more common in payments, Block would consider entering the space, but he stressed that Bitcoin remains the company’s focus. Dorsey said Bitcoin remained unique as it was entirely new and possessed qualities no stablecoin possessed. He added that the company’s goal was to make Bitcoin a native currency of the internet and to see it used as everyday money. He noted that Block’s strong quarter underscored its position as a leader in digital payments, with growth in Cash App lending and an expanding Square merchant base. He focused on Bitcoin, signaling confidence in the company’s future — a sentiment reflected in Wall Street’s reaction. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More