Stripe makes a big crypto move

Bitcoin breaks out of a key trend

Author

Rich Webb
October 22, 2024 • Read Time: 7 minutes

In a move that’s bound to shake up the cryptocurrency world, fintech titan Stripe is sealing a monumental $1.1 billion deal to acquire Bridge, a stablecoin network founded by ex-Coinbase and Square heavyweights.

This acquisition marks the largest of its kind in crypto history and reignites Stripe’s foray into the crypto payment space. Though stablecoins might not appear to be the most exciting use case of the blockchain, many believe they could be an important first step in mainstream crypto usage. Stripe’s move could be the start of a significant increase in adoption.

In other news, Bitcoin broke a downward trend of weekly closing price, signaling a potential move toward new all-time-highs. Let's dive in!

  • Stripe acquires stablecoin network Bridge for $1.1 billion, marking its largest crypto industry acquisition. — Read More

  • a16z's 2024 report shows crypto user addresses tripling, Solana leads growth, stablecoin volume tops Visa. — Read More

  • Ledn processed $1.67 billion in loans, driven by institutional growth and crypto innovation. — Read More

  • Worldcoin's $WLD struggles despite launching World Chain, as concerns over privacy and security mount. — Read More

  • Experts predict hurdles for crypto ETFs if Kamala Harris wins, hinging on SEC leadership and policy stance. — Read More

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