Strategy skips Bitcoin buys to repurchase stock
Robinhood's prediction markets bet could outpace its crypto revenue by 2026.
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Bitcoin isn't the story today. Everything built around it is.
Visa takes stablecoins into onchain credit, while Robinhood doubles down on prediction markets.
Across the charts, Bitcoin brushes off macro noise as oil prices pull back, and its biggest cheerleader reshuffles its capital stack.
Here's your daily market wrap.
Visa unveils onchain lending model with zero defaults on $2.5B in settlements
Visa processed $2.5B in onchain settlements without a single default.
The payments giant partnered with Credit Coop to blend VisaNet settlement data with blockchain lending infrastructure.
The goal: cheaper working capital for emerging stablecoin-linked payment companies.
If this model scales, it could reshape how the entire payments industry funds itself.
Markets
Oil jitters rattled markets before a late-session recovery
Brent crude flirted with $100 a barrel as Middle East tensions escalated.
That spooked equities and dragged crypto lower early Tuesday.
But prices recovered as oil pulled back and traders refocused on Friday's CPI report.
A 58% chance of a Fed rate hike this month keeps everyone guessing.
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BTC recovered near $79K, XRP climbed past $1.44, ETH held below $2,500, and SOL sat near $104.
Robinhood takes stakes in Crypto.com and its prediction markets business
Robinhood is buying into Crypto.com's CFTC-regulated derivatives exchange and clearinghouse.
The multiyear deal gives Robinhood infrastructure for event contracts, a fast-growing asset class.
Prediction markets could generate more revenue than crypto trading for the brokerage by 2026.
Strategy drops $176 million on STRC, zero on Bitcoin
Strategy spent $176M buying back 1.8 million STRC shares last week.
Its Bitcoin stash stayed untouched at 845,050 BTC, currently worth around $66B.
With $5B in remaining buyback authorization, the company is prioritizing equity management over accumulation.
On Our Radar
Privacy coin shuffle: Here's how to find the best Monero swap rates around.*
Digital Silk Road: Uzbekistan's betting on a state stablecoin for everyday transactions.
Circle's Singapore play: Payments startup scoops up Tazapay to expand in Asia.
*sponsored
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Meme of the Day
Until next time.
Vi
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