Stripe’s Crypto Stack Continues Growing
Months after buying stablecoin platform Bridge, the payments giant today announced the acquisition of wallet-infrastructure startup Privy (price undisclosed, last valued at $230 million). Privy lets apps and developers spin up embedded wallets so users can seamlessly connect their crypto wallets without having to log in on a different page. It’s another signal of Stripe’s interest in becoming a go-to vendor for clients interested in adding support for, or launching their own, crypto products. Read more →
Opportunity Cost
While we're on the topic of payments, and fresh off the heels of Coinbase's new marketing campaign (take notes, Solana) showing off the rapid reduction of U.S. home prices based in bitcoin... the folks at TFTC just created a browser-extension that automatically displays fiat prices in BTC or sats on every web page. Overkill? For now, maybe. But we’re fans of anything helping users think in a Bitcoin standard. Read more →
Market Recovery
After reaching a new ATH of $111K last month, BTC encountered meaningful resistance leading to a collapse to the $101K level. But, demand seems to be reemerging, with Bitcoin staging a marked recovery to $110.3k, now just $2.4k off of the ATH (-1.5%). What happens next? According to research firm Glassnode, there are two pivotal levels to watch. 1). $97.6K on the downside 2) $115.4K on the upside. Read more →
