Chainfeeds Briefing:
Circle and MicroStrategy trigger a cryptocurrency concept stock frenzy. What other companies are worth watching?
Article Source:
https://www.theblockbeats.info/news/58681
Article Author:
kkk
Perspective:
kkk: Coinbase, founded in 2012, serves over 120 million users more than 100 countries. The platform supports trading of multiple crypto assets and provides retail and institutional services, including Coinbase Custody and Prime, managing assets exceeding $200 billion. Coinbase holds licenses in multiple U.S. states and continues to invest in public chains, infrastructure, and payment sectors in the crypto field. Recently, Coinbase's ecosystem has seen multiple significant updates: its Layer2 network Base is has performed impressively, with DeFi TVL surpassing $5 billion, and announced integration of Base DEX into the main app to inject liquon-chain assets; simultaneously, it partnered with Shopify to launch USDC checkout functionality, promoting stablecoin commercial payments; on the consumer side, it also collaborated with American Express to launch the first crypto credit card, Card., introduced CFTC-compliant perpetual contract functions in the U.S. and acquired the options exchange Deribit, accelerating its derivatives market layout. Behind CRCL's surge, the market seems to have overlooked that The biggest winner of this feast. USDC was jointly launched by Circle andbase and in and after the coinbase in the Alliance dissolved in 2023, Coinbase acquired acquired Circle's equity in August of the same year. According to CircleO disclosures, coin, obtains half of the remaining revenue from Circle's USDC reserves, "earning passively" %. MicroStrategy In1998, originally business intelligence software analysis and reporting reporting services. In August 2020, Michael Saylor incorporatedailor incorporated Bitcoin into the company's balance sheet sheetening the company's Bitcoin-based strategy. By continuously adding positions BTC through convertible bond issuance and other methods, by mid-2025, its Bitcoin holdings exceeded ,500,accounting 3circulation, and the company has promised never to sell. This made MicroStrategy a representative of a Bitcoin ETin the U. stock market, with many institutions indirectly allocating BTC by holdingICROSTRATEGY. As Bitcoin's price roseges, MSTR's stock price increased from $ to over $360, a growth of over 30with its market value highly correlated with Bitcoin. Its model has inspired industry imitation, with many enterprises incorporating Bitcoin into corporate reserve assets through note issuance, equity financing, and other methods, driving a wave of listed companies hoarding Bitcoin. Companies like GameTrump Semler Scientific have announced Bitcoin purchase plans, causing significant stock price fluctuations. Since 2025the coin-stock integration model has accelerated, with companies like SharpLinkGaming, DFDV, and TDTH publicly stating plans to use mainstream crypto assets like ETH, SOL, and XRP as corporate financial,aging financing. exampleLink $ 4.25 million at $15 per share to purchase with its stockprice over surging over 650% on the announcement day but quickly fallingating due to market misunderstanding dilandution case, DFDV, taken over by former Kraken executives, transformed into a To a treasury operator, continuously purchasing SOL,, its stock price tprice to increase tenfa month. Trident Digital plans to create the world's first corporate-reserve levelRP reserve,, but its stock price was halved due to insufficient market recognition of XOverall assets corporate reserves are viewed as a valuation reconstruction tool, but its price volatility and regulatory uncertainty amplify financial risks. The MicroStrategy path is from exception to a but whether it market cycles and avoid FOMO-style speculation remains to be verified by market and time.
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5国券交易委SEC准Bit Bit 货币交所 F 的现货 ETF
5. 加国拿密货所 易Coins 裁员 20%，调整业务重点
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