Larry Fink spoke alongside Coinbase CEO Brian Armstrong, describing how BlackRock's stance on crypto had evolved over the previous eight years. Larry Fink, chair and CEO of asset management company BlackRock, explained his “big shift” from associating cryptocurrencies with illicit activities to having the largest spot Bitcoin exchange-traded fund. Speaking at The New York Times’ DealBook Summit on Wednesday, Fink addressed questions related to his views on crypto and Bitcoin (BTC) from journalist Andrew Ross Sorkin. The BlackRock CEO said his move from associating crypto primarily with money laundering to having exposure to billions of dollars in BTC was “a very glaring public example of a big shift in [his] opinions.” Read more
Strategy's monthly BTC buys contracted significantly in the second half of 2025 amid a broad downturn in the crypto treasury market. Strategy, the largest corporate holder of Bitcoin, has slowed its rate of cryptocurrency accumulation in 2025, a move analysts at CryptoQuant interpret as preparation for a drawn-out bear market. “Strategy’s Bitcoin buying has collapsed through 2025,” CryptoQuant said in a Wednesday report, noting a dramatic monthly reduction in Bitcoin (BTC) purchases by Strategy since late 2024. According to CryptoQuant: Strategy purchased 8,178 BTC for approximately $835.5 million on Nov. 17 — its largest purchase since July — bringing its total holdings to 649,870 BTC, valued at approximately $58.7 billion at this writing. Read more
Fin, founded by two former Citadel engineers, raised capital to launch a stablecoin app for cross-border payments as banks and fintechs expand into digital assets. Former Citadel engineers Ian Krotinsky and Aashiq Dheeraj have raised $17 million to launch Fin, a stablecoin-powered payments app designed for high-value cross-border transactions. According to Fortune on Wednesday, the startup, previously known as TipLink, closed the round with backing from Pantera Capital, Sequoia and Samsung Next. Fin plans to pilot the app within the next month, targeting import-export businesses that often move hundreds of thousands of dollars at a time. Built around stablecoin rails, Fin will enable users to send funds to other payment apps, bank accounts, and crypto wallets, aiming to reduce costs compared to traditional wire transfers. Read more
Cryptocurrencies show strength despite investors’ concerns about the AI industry and weak US labor and consumer data. Would an acceleration of money printing boost Bitcoin? Key takeaways: Low BTC and ETH leverage appetite contrasts with strong stock markets, highlighting fragile sentiment despite improving liquidity expectations. While economic uncertainty persists, anticipated monetary easing reduces downside risk for cryptocurrencies, favoring a potential bullish momentum. Read more
Crypto deals activity surged to record levels this year, even as the industry continued to face significant market turbulence and macroeconomic headwinds. Crypto merger and acquisition (M&A) activity in 2025 reached $8.6 billion as of November, with companies closing a record 133 deals, marking an all-time high in both deal count and total value. The total dollar amount of business deals exceeded the combined total of the previous four years, according to Bloomberg, citing Pitchbook data. Coinbase led the M&A activity, with six acquisition deals completed in 2025, including the $2.9 billion purchase of Deribit, one of the largest crypto derivatives marketplaces. Read more
At the DealBook Summit, BlackRock CEO Larry Fink acknowledged Bitcoin’s utility, as Coinbase’s Brian Armstrong said the exchange is running pilots with major US banks. Major US banks are running early pilots involving stablecoins, crypto custody and digital-asset trading in partnership with Coinbase, CEO Brian Armstrong said onstage at The New York Times DealBook Summit. According to Bloomberg, Armstrong didn’t name specific institutions but warned that banks slow to adopt crypto “are going to get left behind.” His remarks were made during a joint appearance with BlackRock CEO Larry Fink on a panel at the event. Although Armstrong and Fink haven’t always aligned on crypto, the two struck a notably similar tone on Bitcoin. Armstrong dismissed the idea that Bitcoin could ever fall to zero, while Fink said he now sees a significant “use case” for the asset, though he did caution that Bitcoin is “still heavily influenced by leveraged players.” BlackRock’s iShares Bitcoin Trust (IBIT), launched in January 2024, is...
XRP shows renewed strength as traders crunch the charts to see if a rally into the $2.30 to $2.50 zone is possible. Does the bulk of the move depend on Bitcoin’s short-term performance? XRP (XRP) defended its $2 psychological floor this week, rebounding nearly 6% on Tuesday after a brief liquidity sweep on Monday. While the asset remained in a multimonth downtrend dating back to July, the $2.28–$2.30 resistance band now stands as the defining pivot for bullish continuation. Key takeaways: A bullish daily close above $2.30 would confirm a break of structure and possibly lead to a move to $2.58. Read more