Business
Stablecoin supply growth is shifting to non-dollar issuers
Euro- and yen-denominated tokens remain tiny in absolute terms, but their growth rate has outpaced dollar tokens for two quarters.
By Tomás Berg · · 4 min read
Section
Business
Business
Exchange revenue is shifting from trading fees to custody and staking
Filings from three listed venues show fee income flat while service revenue grows — a quieter, stickier business.
By Tomás Berg · · 6 min read
Business
Venture funding is concentrating in unglamorous infrastructure
Deal count is down but average cheque size is up, with compliance, custody and settlement taking the largest share.
By Tomás Berg · · 5 min read
Business
Mining firms are selling power contracts, not just hashrate
Three operators have signed multi-year compute agreements, converting energy access into a second, less volatile revenue line.
By André Mensah · · 6 min read
Business
Custody consolidation continues with two acquisitions in a month
Buyers are acquiring licences and client books rather than technology, according to people involved in both deals.
By Keiko Tanaka · · 5 min read