News list for " crypto business"
Investment app Public acquired the cryptocurrency business of cryptocurrency IRA provider Alto for $65 million in cash and stock. Alto, a company that allows users to add alternative assets to their retirement accounts, manages about $600 million in assets. According to the agreement, Public will fully integrate Alto's cryptocurrency accounts in 2026, while Alto will continue to operate as a service provider. Alto will continue to operate its other businesses independently, including investment ...
Sony Group's banking arm has formally applied for a US National Bank licence to conduct "specific cryptocurrency-related business" through its subsidiary, Connectia Trust, which will issue US dollar stablecoins, manage corresponding reserve assets and provide digital asset custody and asset management services, according to the filing.
On September 15th, John Egan, the head of Stripe's crypto business, announced his departure and will join Polygon Labs as Chief Product Officer (CPO). Egan has led a number of major crypto acquisitions and businesses of Stripe, including: the acquisition of stablecoin startup Bridge for $1.10 billion (completed in February this year), the acquisition of crypto wallet company Privy and Paradigm to develop its own blockchain Tempo.
On August 25th, according to Bloomberg, the prediction market platform Kalshi recently hired John Wang, the founder of the crypto transformation KOL, as the head of the crypto business to deepen its layout in the digital asset field. Before joining Kalshi, Wang provided consulting services for crypto startups and wrote about cryptocurrency and finance on the social media platform X.
On August 20th, according to the announcement of Futu Group, the total revenue in the second quarter of 2025 5.311 billion Hong Kong dollars (about 677 million US dollars), an increase of 69.7% year-on-year, and the non-GAAP net profit 2.66 billion Hong Kong dollars, an increase of 105.2% year-on-year. The number of registered users was 27.12 million, an increase of 17% year-on-year. In the Q2 quarter, Futu's cryptocurrency business expanded to the US market, and the scale of platform cryptoasse...
Robinhood (HOOD. O) 2025 Q2 crypto revenue of $160 million, the market is expected to 162.10 million dollars.
The TON Foundation has appointed Nikola Plecas, a former Visa crypto executive, as Vice President of Payments. Plecas will be responsible for developing TON's global payments strategy, managing TON and Telegram-based app partnerships, and the Foundation's compliance strategy. He previously held a number of crypto-related positions at Visa, including Head of Crypto Europe and Senior Director of New Product Commercialization at Visa Crypto.
According to Anthony Scaramucci, a short-lived former White House communications director and founder of SkyBridge Capital, US President Donald Trump's meme coin and other crypto businesses have created "pathways" for corruption.
Kyrgyz President Sadyr Zhaparov saw a tweet from Binance Lianchuang CZ at the X platform launch, in which he said that the two sides discussed the development of blockchain technology and digital assets in Kyrgyzstan at Cholpon-Ata, and the cooperation between the two sides will not be limited to Kyrgyzstan itself, but will provide support for the expansion of crypto business in the entire region.
JPMorgan analyst Kenneth Worthington forecasts that Robinhood (HOOD) 's record cryptocurrency trading revenue may not be sustainable in the fourth quarter of 2024, and that digital asset trading volume may decline in Quarter 1 in 2025. The trading platform will report its first-quarter results after hours on May 1, Eastern Time. The report shows that Robinhood's cryptocurrency trading revenue surged 700% in the fourth quarter of last year, pushing...
