MoneyGram joins Solana as validator in broader crypto payments push
MoneyGram joins Solana as a validator as Bitcoin reaches $65K, Strategy builds cash reserves and Fomo raises $75M for potential acquisitions.
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Crypto companies are betting the next leg higher starts with infrastructure, accumulation and expansion.
MoneyGram is becoming a Solana validator while Bitcoin pushes back toward $65,000 and Strategy builds a larger cash reserve.
Today’s newsletter is about companies positioning early, before the market fully turns.
MoneyGram is now validating transactions on Solana
MoneyGram just became an active validator on the Solana network, its third blockchain.
The payments giant is staking SOL and joined the Solana Developer Platform as part of a multi-year crypto infrastructure buildout.
When a company that moves billions in remittances starts securing a blockchain, that's not a pilot program.
Markets
Bitcoin climbs to $65K as Strategy keeps stacking
Bitcoin bounced off a weekly low near $62K last Friday and pushed toward $65K by Monday.
Strategy added 520 BTC for $35M last week, bringing its total stash to 847,363 Bitcoin.
The company funded the purchase by selling 2.7 million shares, raising $335M in fresh equity.
BTC traded near $65K, ETH climbed above $1,750, SOL slipped below $74, and XRP held near $1.14.
Trading app Fomo raises $75M at a $550M valuation
Crypto trading app Fomo just closed a $75M round led by Index Ventures and Union Square Ventures.
The funding values the company at $550M as it looks to expand beyond crypto into broader trading.
Top-tier VCs writing nine-figure checks suggests the smart money still sees upside in retail trading infrastructure.
Bitmine buys another $92M in ETH while sitting on a $10B unrealized loss
Tom Lee's Bitmine added 52,203 ETH last week, bringing its total holdings to 5.7 million tokens.
The average cost basis sits around $3,440 per ETH. Current prices put the position roughly $10B underwater.
Either this is the most committed contrarian bet in crypto history, or someone needs to check the risk models.
US spot bitcoin ETFs bleed $227M in sixth straight week of outflows
Spot bitcoin ETFs logged $227M in net outflows last week, extending the streak to six consecutive weeks.
Analysts say the selling wave may be exhausting itself as redemption volumes gradually thin out.
If the outflow pace is truly fading, the next reversal could snap sentiment hard in the other direction.
On Our Radar
The credit shift: Crypto OTC desks are becoming lenders, not just traders.*
Crypto's comeback kid: Franklin Templeton officially enters the digital asset game.
Wall Street meets crypto: NYSE parent and OKX are building tokenized markets together
*sponsored
ICYMI
Meme of the Day
Until next time.
Estéfano
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