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Stablecoin Issuer Paxos Applies for National Trust Charter After Circle, Ripple

خلاصہ: Stablecoin Issuer Paxos Applies for National Trust Charter After Circle, RipplePaxos has filed a new application with the U.S. Office of the Comptroller of the Currency to secure a national trust charter, seeking to replace its New York state license with federal oversight. The move comes shortly after Circle and Ripple submitted similar filings, marking an intensifying race among stablecoin issuers for national regulatory status.Today, we announced that we have filed an application to convert our NYDFS trust charter into a national trust charter under the Office of the Comptroller of the Currency.https://t.co/gVMdwteuLI— Paxos (@Paxos) August 11, 2025From State to Federal SupervisionIn a Monday statement, Paxos said it plans to convert its New York Department of Financial Services trust charter into a national one, placing the firm under OCC authority. CEO Charles Cascarilla said the change would strengthen “safety and transparency” in its operations.Related: Circle Moves to Become a US National Trust Bank after Bumper IPOThe company issues PYUSD in partnership with PayPal and is part of the consortium behind the Global Dollar (USDG) token. “By applying for a national trust bank charter, we are continuing to offer enterprise partners and consumers the safest, most trusted infrastructure available,” commented Charles Cascarilla, CEO and co-founder of Paxos.Regulatory Momentum BuildsCircle, which issues the $65 billion USDC, and Ripple, issuer of RLUSD, applied for national bank trust charters last month. Their filings came after President Donald Trump signed the GENIUS Act into law, introducing new federal rules for stablecoin issuers.Paxos previously gained conditional approval for a national trust charter in 2021, but the application expired in 2023 before receiving full authorization.Last month, Ripple applied for a national trust charter from the U.S. Office of the Comptroller of the Currency (OCC), a move that would have allowed the crypto firm to expand its services nationwide under federal regulation.True to our long-standing compliance roots, @Ripple is applying for a national bank charter from the OCC. If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.Earlier in the week via… https://t.co/IdiR7x3eWZ— Brad Garlinghouse (@bgarlinghouse) July 2, 2025The application, confirmed by a company spokesperson, marked a strategic shift toward deeper regulatory engagement at the national level. The decision aligned Ripple with a growing list of crypto firms seeking national oversight amid evolving U.S. legislation. This article was written by Jared Kirui at www.financemagnates.com.Source: Finance Magnates

Bitcoin analysts point to ‘manipulation’ as BTC price falls to 17-day low

خلاصہ: Bitcoin analysts point to ‘manipulation’ as BTC price falls to 17-day lowAnalysts say Bitcoin’s price action is looking increasingly orchestrated, as BTC taps its lowest levels since Aug. 3 amid ongoing US selling. Source Information Publisher: Cointelegraph.com Original Source: Read More https://cointelegraph.com/news/bitcoin-analysts-point-to-manipulation-as-btc-price-falls-to-17-day-low?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin analysts point to ‘manipulation’ as BTC price falls to 17-day low

خلاصہ: Bitcoin analysts point to ‘manipulation’ as BTC price falls to 17-day lowAnalysts say Bitcoin’s price action is looking increasingly orchestrated, as BTC taps its lowest levels since Aug. 3 amid ongoing US selling. Source Information Publisher: Cointelegraph.com Original Source: Read More https://cointelegraph.com/news/bitcoin-analysts-point-to-manipulation-as-btc-price-falls-to-17-day-low?utm_source=rss_feed&utm_medium=rss_tag_bitcoin&utm_campaign=rss_partner_inbound

Public Companies Should Be More Valuable Because They Are Becoming More Efficient

خلاصہ: Public Companies Should Be More Valuable Because They Are Becoming More EfficientTo investors,It feels like there are two different realities in financial markets right now. You see it in the wealth inequality gap, which is being discussed non-stop across political aisles, but you can also see it in the way retail investors and institutions are behaving.Global Markets Investor writes “The gap between retail and professional investors have rarely been greater: Mom-and-pop investors have purchased ~$190 billion in US equity ETFs so far in 2025. At the same time, institutional investors have sold ~$40 billion. Remarkable divergence.”Now why are people coming to such different conclusions on how to act in the market? A big reason is because retail and institutions are looking at two completely different data sets. Institutions seem to be looking at valuation levels, which are higher than they were over the last few years, but retail investors seem to be looking at earnings. AP Research writes “In the dot-com bubble, valuations outran reality. Today, earnings are doing the outrunning. You can debate the multiple. But it’s hard to call it a bubble when the fundamentals are doing this:”That type of earnings growth is not only impressive, but it highlights something that is fundamentally important in today’s environment — many of the top companies are the greatest businesses ever constructed in human history and they are accelerating their growth. That isn’t supposed to happen when you are a large multi-national company.Use Facebook as an example. They had a blowout earnings report recently. Look at how insane these growth rates are:Revenue: $47.52 billion, up 22% year-over-yearNet Income: $18.34 billion, up 36% year-over-yearDiluted EPS: $7.14, a 38% increase over Q2 2024 and well above analyst estimatesOperating Income: $20.44 billionOperating Margin: 43%, rising from 38% last yearCosts and Expenses: $27.08 billion, up 12% year-over-yearJust ridiculous performance for a nearly $2 trillion business to be growing net income at 36% year-over-year. Add in the fact that headcount is only growing at 7% year-over-year and you start to see an increasing level of efficiency that most companies can only dream of. This data is reinforced by many anecdotal conversations I am having right now. I spoke with the CFO of a $500 million private business yesterday and he told me the focus internally is up-skilling their employee base to become proficient with artificial intelligence. Rather than hire new employees, the goal is to make the existing team more productive. And we saw Palantir mention the exact same thing in their recent earnings call. Perplexity summarized the commentary with the following:“On its most recent earnings call, Palantir leadership made clear that their goal is to dramatically increase revenue with a leaner workforce—thanks to the productivity gains from artificial intelligence integration. CEO Alex Karp said Palantir aims to achieve “10x revenue with 3,600 people” (down from the current 4,100 employees), describing this as a “crazy, efficient revolution.” Rather than conducting mass layoffs, Palantir intends to freeze hiring and “rely on AI to multiply every employee’s productivity,” highlighting that the company's LLM- and AI-driven platforms are now automating many tasks that previously required larger teams.”So it is important to keep your eyes on this situation. Companies are becoming more productive and they are doing it with less employees. This means the companies should be more valuable. Watching company valuations tick up may scare some investors, but only those who don’t realize the AI revolution transforming businesses.Hope you all have a great day. I’ll talk to everyone tomorrow.- Anthony PomplianoFounder & CEO, Professional Capital ManagementWhy Bitcoin & Stocks Are Going Up ForeverAnthony Pompliano & Polina Pompliano discuss short-term outlook for bitcoin, government printing money, what is going on with inflation, the biggest risk in the market, what you should be paying attention to, and are stocks overvalued and due for a crash?Enjoy!Podcast SponsorsFigure – Lowest industry interest rates at 8.91% at 50% LTV and 12 month terms! Take out a Bitcoin Backed Loan today and buy more Bitcoin. Check out Figure and their Crypto Backed Loans! Figure Lending LLC dba Figure. Equal Opportunity Lender. NMLS 1717824. Terms and conditions apply. Visit figure.com for more information.Bitizenship – Get EU citizenship through Portugal’s Golden Visa, maintaining Bitcoin exposure. Book a free strategy call at bitizenship.com/pomp.Bitwise Asset Management - Crypto specialist asset manager with more than $10 billion client assets and more than 30 crypto solutions across ETFs, index funds, alpha strategies, staking, and more. Learn more at bitwiseinvestments.comMaple Finance - Maple enables BTC holders to earn native BTC yield. Learn more at Maple.Finance!Xapo Bank: Fully licensed bank that integrates traditional finance and Bitcoin. Earn up to 3.9% interest in BTC. Spend globally with a debit card that gives 1% cashback in BTC. Borrow up to $1M instantly with Bitcoin-backed loans.Simple Mining offers a premium white-glove Bitcoin mining service. Want to grow your Bitcoin stack? Visit Simple Mining here.Gemini - Invest as you spend with the Gemini Credit Card®. Issued by WebBank.Core - Earn trustless Bitcoin yield. No bridging. No lending. Just HODLing. Begin Staking Your Bitcoin.BitcoinIRA - Buy, sell, and swap 75+ cryptocurrencies in your retirement account. Pay less taxes. Earn up to $1,000 in rewards.Polkadot is a scalable, secure, and decentralized blockchain technology aimed at creating Web3. Innovation leader, making it a preferred choice for big names.You are receiving The Pomp Letter because you either signed up or you attended one of the events that I spoke at. Feel free to unsubscribe if you aren't finding this valuable. Nothing in this email is intended to serve as financial advice. Do your own research. ...

Strategy Adds $18M in Bitcoin on Fifth Anniversary of First Purchase as Price Jumps 5%

خلاصہ: Strategy Adds $18M in Bitcoin on Fifth Anniversary of First Purchase as Price Jumps 5%Michael Saylor’s Bitcoin accumulation strategy reached its five-year mark on Monday, with Strategy announcing a fresh purchase of 155 BTC for $18 million. The buy brings the company’s total holdings to 628,946 BTC, valued at nearly $76 billion, or about 3% of bitcoin’s fixed supply.Five-Year Gains Outpace BitcoinStrategy adopted Bitcoin as its primary treasury asset in August 2020. Since then, its stock has gained more than 3,000%, averaging 100% annual returns, compared to Bitcoin’s 1,000% increase. The company funded its purchases through $46 billion in equity and credit, including $8.2 billion in convertible debt and four perpetual preferred stock offerings.Strategy has acquired 155 BTC for ~$18.0 million at ~$116,401 per bitcoin and has achieved BTC Yield of 25.0% YTD 2025. As of 8/10/2025, we hodl 628,946 $BTC acquired for ~$46.09 billion at ~$73,288 per bitcoin. $MSTR $STRC $STRK $STRF $STRDhttps://t.co/WULee6PoNn— Strategy (@Strategy) August 11, 2025MSTR is now among the most actively traded U.S. equities. It records $4.4 billion in daily share volume, just behind Google’s $4.9 billion, and has $90 billion in open interest in options, second only to Google’s $99 billion. The company’s market cap stands at $112 billion.Corporate Bitcoin Holdings ExpandSaylor’s approach has influenced other companies to adopt Bitcoin in their treasuries. Publicly listed firms now hold a combined 964,314 BTC, much of which is financed through capital raises following Strategy’s model.100x growth in 5 years with $BTC. Thinking about the next 5 years... pic.twitter.com/7ZQo2yF2TY— Strategy (@Strategy) August 11, 2025At the time of publication, Bitcoin was changing hands above $120,000, representing a 1% increase in the past day and a 4.55% jump in the past week, according to CoinMarketCap data. Meanwhile, the second-largest cryptocurrency, Ethereum, has risen by 17% in the past week.Related: Why Bitcoin Price Is Surging Today? Bulls Target $140K BTC as Crypto Rally AcceleratesIn May, Bitcoin’s rally past the $110,000 mark prompted fresh buying from Strategy, the corporate Bitcoin holder led by Michael Saylor. The move came as the company faced pressure from legal challenges and insider share sales, which weighed on its stock performance.Between May 19 and 23, Strategy purchased 4,020 Bitcoin for a total of $427.1 million. The average acquisition price was $106,237 per coin, placing the buy just days before Bitcoin reached its all-time high above $110,000 on May 22. The purchase extended Saylor’s policy of adding to holdings regardless of market levels. This article was written by Jared Kirui at www.financemagnates.com.Source: Finance Magnates

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