finance 2 - The Latremie Post

Coinbase Eyes $2B Stablecoin Deal That Could Change Everything

**Coinbase Eyes $2 Billion Stablecoin Deal That Could Change Everything**

Coinbase is in advanced negotiations to acquire stablecoin infrastructure startup BVNK for approximately $2 billion. The exchange secured exclusive negotiating rights after winning a competitive bidding process for the London-based startup. Due diligence is already underway, and the deal could close by the end of this year or early 2026.

Stablecoins currently generate nearly 20% of Coinbase’s total revenue in the third quarter, highlighting the sector’s growing importance to the company. Coinbase Ventures already backs BVNK alongside Citi Ventures, Haun Ventures, and Visa, indicating strong investor confidence in the startup’s potential.

### Exchange Pursues BVNK Acquisition

According to Bloomberg, Coinbase Global Inc. is in negotiations to purchase BVNK, though the transaction terms remain flexible, and changes could still occur before finalization. Insiders confirm that both companies are moving forward with the acquisition process.

Coinbase secured exclusive negotiating rights after winning a competitive bidding process and has been actively exploring ways to strengthen its stablecoin infrastructure. BVNK’s merchant network and compliance systems are expected to enhance Coinbase’s payment capabilities significantly.

The startup’s backers include Coinbase Ventures, Citi Ventures, Haun Ventures, and Visa, all of whom hold stakes in the London-based company. A Coinbase spokesperson stated that the exchange “actively explores opportunities to advance its mission of expanding economic freedom.”

### Stablecoins Drive Revenue Growth

Stablecoins generated nearly 20% of Coinbase’s total revenue in the third quarter, underscoring their vital role in the company’s business model. Coinbase earns income through its partnership with Circle Internet Group, the issuer of USDC, which allows Coinbase to receive a share of interest generated on reserves.

To promote mainstream adoption, Coinbase has integrated USDC into Shopify’s payments ecosystem. Additionally, the company recently partnered with Citigroup to pilot new initiatives aimed at expanding stablecoin usage further.

—

This potential acquisition underlines Coinbase’s strategic focus on the stablecoin payments sector, which continues to grow rapidly. If completed, the deal could significantly enhance Coinbase’s position in the evolving digital payments landscape.
https://bitcoinethereumnews.com/tech/coinbase-eyes-2b-stablecoin-deal-that-could-change-everything/?utm_source=rss&utm_medium=rss&utm_campaign=coinbase-eyes-2b-stablecoin-deal-that-could-change-everything

Grayscale Research Chief Forecasts $5B Inflows for US Solana Spot ETFs

**Solana ETFs Poised for Rapid Growth, Could Rival Bitcoin and Ethereum Products**

*By Zabi*

Zach Pandl, head of research at Grayscale Investments, believes Solana exchange-traded funds (ETFs) could soon rival the success of Bitcoin and Ethereum investment products. He expects that within one to two years, about 5% of all Solana tokens could be held in regulated exchange-traded structures—a share worth over $5 billion at today’s prices.

Pandl made this prediction following the launch of the Grayscale Solana ETF (GSOL) and Bitwise Solana ETF (BSOL) this week. Both products mark a new chapter for the fast-growing market of crypto-based investment vehicles.

—

### Strong Debut for New Solana ETFs

Bitwise’s BSOL began trading on Tuesday, drawing $129 million in inflows within its first two days, according to Bloomberg ETF analyst Eric Balchunas. Grayscale’s GSOL, which launched the next day, recorded $4 million on its first trading day.

Despite being a day behind, analysts described GSOL’s early performance as strong, given the increasingly crowded market. Pandl said Grayscale expects Solana ETFs to become multi-billion-dollar businesses as investor interest broadens.

—

### From Niche to Mainstream: Crypto ETFs Gain Ground

Exchange-traded products (ETPs) allow investors to obtain cryptocurrency exposure through traditional brokerage and retirement accounts. This structure enables participation in the asset class without requiring direct ownership of digital tokens.

According to the Investment Company Institute, U.S.-listed ETFs held over $10 trillion in assets by the end of 2024, accounting for 26% of all managed assets. Crypto ETFs represent only a small fraction of this total, but their growth has been rapid. Bitcoin ETPs currently manage $149 billion, while Ethereum products hold $26 billion, across roughly 20 funds.

—

### Regulation Remains a Concern

Not all financial institutions share Grayscale’s optimism. Earlier this week, Charles Schwab warned that crypto remains lightly regulated, even as the U.S. Securities and Exchange Commission (SEC) continues to approve new ETPs.

> “The SEC’s hands-off stance means higher risk for investors,” the firm said, noting that the crypto sector lacks the oversight applied to equities and bonds.

—

### GSOL Evolution: From Trust to ETF

Grayscale’s Solana product, GSOL, originally launched as a private trust in 2021, holding around $100 million in Solana tokens. Its conversion to an ETF this week makes the fund more flexible, allowing it to trade closer to the actual value of its holdings.

The shift eliminates the large premiums and discounts often seen in closed-end crypto trusts. Pandl said the conversion opens access to a broader range of investors while improving liquidity and pricing transparency.

—

### Competition and Diversification Ahead

Solana’s debut comes as Hedera and Litecoin ETFs also enter the market, though their inflows remain modest. More than a dozen additional crypto-based funds are expected to seek approval soon.

Pandl expects investor interest to gradually shift toward diversified crypto ETPs, which provide exposure to multiple tokens simultaneously.

> “Many investors will prefer simpler, diversified options that reduce the complexity of evaluating each token,” he said.

—

### Staking Adds a New Source of Yield

Unlike Bitcoin ETFs, Solana investment products can offer staking rewards, a feature unique to proof-of-stake networks. By locking Solana tokens to help secure the blockchain, investors can earn an estimated annual yield of 5.7%, according to Solana Compass.

Pandl confirmed that GSOL will distribute 77% of staking rewards to its holders, calling it “a game changer for crypto demand.” He described staking as a new income stream that could help investors diversify portfolio returns.

—

### Distinct Roles for Solana and Ethereum

Pandl said Solana and Ethereum will likely develop distinct roles in the digital asset ecosystem, despite both being smart contract platforms. He pointed to growing adoption of stablecoins and tokenized assets as key drivers of institutional interest.

> “They differ in design, and that gives each blockchain its own lane,” Pandl explained. “Investors can benefit from holding both as part of a balanced crypto strategy.”

—

### Disclaimer

This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

—

### About the Author

**Zabi** is a crypto enthusiast with more than 10 years of experience in managing Google News-approved finance websites. Zabi has a strong background in finance with a thorough understanding of cryptocurrencies and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

—

### Related Market Insights

– **Market Veteran Targets XRP Rally to $4.50**
Experienced market analyst CasiTrades says XRP is heating up after a bullish breakout, with a new target rally to an all-time high of $4.50.

– **Cardano Falling Wedge Breakout Eyes Run to $1.2 Before Uptick to $2.91**
A well-known crypto chartist suggests Cardano could be looking to break into a four-year peak above $2 after a falling wedge breakout.

– **LMAX Group Strategist Sees Bitcoin Ready for a Full Recovery**
LMAX Group strategist Joel Kruger believes Bitcoin and the crypto market are staging a strong comeback after weeks of struggle following the October 10th market drops.

– **Bitwise Says a 5% Capital Rotation from Gold to Bitcoin Could Push BTC to $242,000**
Bitwise recently shared that even a small reallocation from gold to Bitcoin would more than double Bitcoin’s current price.

– **Ethereum Closes in on Bitcoin Annual Performance Following Strong Q3**
Market data shows Ethereum, the king altcoin, has dramatically closed in on Bitcoin’s annual performance after notable Q3 gains.

– **Citibank Predicts Bitcoin to Hit $231K, Ethereum $7.5K in Coming Months**
Global banking giant Citibank has released new 12-month price targets for the world’s two largest cryptocurrencies.

For more updates and detailed analyses, stay tuned to The Crypto Basic.
https://thecryptobasic.com/2025/10/31/grayscale-research-chief-forecasts-5b-inflows-for-us-solana-spot-etfs/

Form of payment native of 9 or 16 announced Crossword Clue

That should be all the information you need to solve the crossword clue: **Form of payment native of 9 or 16 announced**.

Be sure to check more clues and solutions on our [Crossword Answers](#) section for additional help with your puzzles.

The post **Form of payment native of 9 or 16 announced Crossword Clue** appeared first on Try Hard Guides.
https://tryhardguides.com/form-of-payment-native-of-9-or-16-announced-crossword-clue/

Listen to the Facebook (META) Q3 2025 earnings call here

This afternoon, Facebook (META) will report its earnings for the latest financial quarter. Shortly after, the company will hold an earnings call to discuss the results with investors.

If you’re interested in listening to the conversation, you can join Meta’s Q3 2025 earnings call today, October 29, at 1:30 p.m. PT / 4:30 p.m. ET.

We’ll be streaming the call on our Twitch and X accounts. Additionally, Meta will host the call on their investor relations website.

Stay tuned to catch all the important updates from Meta’s latest financial performance.
https://www.shacknews.com/article/146569/listen-to-meta-q3-2025-earnings-call

Exclusive-China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say

**Exclusive: China Buys Three U.S. Soybean Cargoes Ahead of Trump-Xi Meeting, Sources Say**

*By Ella Cao and Naveen Thukra | Reuters | October 29, 2025*

China’s state-owned company COFCO purchased three U.S. soybean cargoes this week, according to two trade sources. This marks the country’s first purchases from this year’s U.S. harvest ahead of the upcoming summit between leaders Donald Trump and Xi Jinping.

COFCO bought approximately 180,000 metric tons of soybeans for shipment in December and January through Pacific Northwest port terminals, the sources added.

COFCO did not immediately respond to a Reuters request for comment.

Benchmark Chicago soybean futures prices jumped this week to their highest levels in 15 months. The rise came as prices rebounded from recent five-year lows on hopes for a U.S.-China trade deal.

*Excerpt from Reuters. Read more at msn.com.*

—

*Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by applicable copyrights.*
https://freerepublic.com/focus/f-chat/4349389/posts

“Worth much more” “He’s stuck in Utah”: NHL fans react as Mammoth locks-in Logan Cooley to $80M, 8-year extension

The Utah Mammoth have officially signed forward Logan Cooley to a long-term deal.

On Wednesday, Cooley agreed to an eight-year contract worth $80 million. This comes after he became eligible to sign with the team starting July 1.

The commitment highlights the Mammoth’s confidence in Cooley’s abilities and their plans for the future. Fans can look forward to seeing the talented forward continue to make an impact on the ice for years to come.
https://www.sportskeeda.com/us/nhl/news-worth-much-more-he-s-stuck-utah-nhl-fans-react-mammoth-locks-in-logan-cooley-80m-8-year-extension

Electronic Arts (EA) won’t post earnings results or host conference calls pending leveraged buyout

Electronic Arts (EA) is currently undergoing a significant acquisition, and as a result, the company will not be hosting earnings results for the time being. The ongoing leveraged buyout has effectively put a halt to conference calls and insights into EA’s quarterly performance.

Shacknews confirmed with Monica Roldan, Program Manager and Executive Assistant at Electronic Arts (EA) Investor Relations, that the company will not be posting earnings results or hosting conference calls due to the pending leveraged buyout. Investors and consumers had been eagerly awaiting the Q2 FY26 earnings results, but those updates will be delayed amidst the acquisition process.

EA recently announced a $55 billion sale involving Saudi Arabia’s Public Investment Fund (PIF), Silver Lake, and Affinity Partners. This leveraged buyout is set to be an all-cash transaction, promising to return $210 per share to the company’s stockholders.

However, the deal has not been met with universal approval. Worker unions and several U.S. senators have expressed concerns and pushed back against the acquisition. Their apprehension centers around fears that some studios under EA may be labeled as “less profitable,” despite these studios playing a crucial role in shaping EA’s reputation and contributing significantly to its success.

As the acquisition progresses, more details and updates are expected, but for now, EA’s earnings disclosures remain on hold.
https://www.shacknews.com/article/146563/electronic-arts-ea-wont-post-earnings-results

ASIC Confirms Stablecoins and Tokenised Assets Fall Under Financial Law

**Regulator Grants No-Action Period for Crypto Firms Until June 2026**

The Australian Securities and Investments Commission (ASIC) has introduced a sector-wide no-action position for crypto firms, effective until June 30, 2026. During this period, ASIC will not take enforcement action against unlicensed providers who are making genuine efforts to comply with existing financial regulations. This temporary relief offers stability to the sector as firms adjust ahead of future legislative reforms.

—

### Temporary Relief for Stablecoin and Wrapped Token Distributors

ASIC also plans to provide temporary relief for distributors of stablecoins, wrapped tokens, and custodians of digital assets that qualify as financial products. The regulator is currently seeking public feedback on these draft relief measures until November 12, 2025.

—

### Clarifying How Financial Laws Apply to Digital Assets

This update from ASIC clarifies how current financial laws apply to various digital assets, aiming to give investors stronger protections and provide firms with clearer regulatory guidelines.

ASIC’s new guidance confirms that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are considered financial products under existing laws. Consequently, many providers offering these products will need to hold a financial services licence to operate legally.

—

### ASIC Commissioner Comments

ASIC Commissioner Alan Kirkland highlighted the significance of distributed ledger technology and tokenisation in transforming global finance. He emphasized that ASIC’s guidance provides much-needed clarity, allowing firms to operate confidently within the law. Kirkland also noted that licensing ensures consumers have legal protections and enables ASIC to take action against misconduct that harms the market or consumers.

—

### Public Consultation and Past Behaviour Considerations

In addition to the no-action position, ASIC released a summary of industry feedback from Consultation Paper 381, which focused on digital asset financial products and services. The feedback has helped shape the current guidance, including the proposed relief measures.

While the no-action position provides some leniency, ASIC affirmed that it will continue to take action against serious misconduct or practices causing significant consumer harm. The regulator will also consider the no-action position when evaluating past behaviour from firms in this space.

—

### About ASIC

The Australian Securities and Investments Commission (ASIC) is Australia’s primary regulator for corporate, markets, financial services, and consumer credit. Established under the Australian Securities and Investments Commission Act of 2001, ASIC is empowered to facilitate, regulate, and enforce Australian financial laws. It was initially formed as the Australian Securities Commission based on the 1989 ASC Act.

—

### About the Author

**Tareq Sikder**
A Forex technical analyst and financial writer with 12 years of experience, Tareq Sikder has authored over 1,800 articles covering the latest developments in finance and cryptocurrency.

—

*Stay informed with Finance Magnates Daily Update – Get all the top financial news delivered straight to your inbox.*

[Subscribe Here]

*By subscribing, you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time. This site is protected by reCAPTCHA, and the Google Privacy Policy and Terms of Service apply.*
https://www.financemagnates.com/cryptocurrency/asic-confirms-stablecoins-and-tokenised-assets-fall-under-financial-law/

OpenAI signs deal with PayPal to let users link wallets to ChatGPT for transactions

It appears that ChatGPT will soon make it easier for users with PayPal accounts to buy and sell products and services through the platform. PayPal and OpenAI have announced the signing of a partnership that will allow users to link their PayPal wallets directly to ChatGPT.

This integration and its associated benefits are expected to go live in early 2026. PayPal shared details of the collaboration in a press release published on its newsroom website earlier this week.

As part of the deal, PayPal will adopt the “Agentic Commerce Protocol (ACP)” to connect its payment and commerce system to ChatGPT. This move will enable merchants who use ChatGPT to sell goods and services to seamlessly link their PayPal accounts for transactions.

Moreover, PayPal will integrate its merchant network with ChatGPT, allowing small businesses and brands to conduct transactional business directly within the platform. This integration represents a significant opportunity for PayPal to expand its merchant and commerce markets into a vibrant and active ecosystem.

PayPal President and CEO Alex Chriss highlighted the potential impact of this partnership, emphasizing its importance for the company’s growth and innovation strategies.
https://www.shacknews.com/article/146549/openai-paypal-deal-wallet-chatgpt

CBS News hires WSJ’s Forelle

Charles Forelle, who recently left his role as deputy editor at The Wall Street Journal, has been hired at CBS News in a similar capacity, reports Lachlan Cartwright of Breaker. Forelle had served as deputy editor in chief at The Journal since 2023.

His career at The Wall Street Journal spans over two decades, beginning as an intern in Boston where he covered education and technology companies. Forelle then took on reporting assignments in both the U.S. and Europe, demonstrating a wide range of expertise in financial and international news.

In 2006, he and his colleagues in Boston conducted an in-depth investigation into backdated stock options in corporate America. Their groundbreaking series earned the 2007 Pulitzer Prize for Public Service.

Throughout his career, Forelle has received numerous prestigious honors, including the George Polk Award for business reporting, the Gerald Loeb Award, and the Goldsmith Prize for Investigative Reporting.

In 2007, Forelle moved to Brussels to cover European Union affairs and the European financial crisis. He was part of a team at The Journal that became a finalist for the Pulitzer Prize for International Reporting in 2011. That same year, he and his colleagues received the Overseas Press Club’s Bob Considine Award for international-affairs reporting, as well as the New York Press Club’s award for business reporting.

Forelle relocated to London in 2012 and advanced to Europe finance editor in 2015. By 2018, he had become the financial editor, overseeing The Wall Street Journal’s coverage of financial markets and the financial industry.

With his extensive experience and track record of award-winning journalism, Forelle’s move to CBS News marks a significant addition to their editorial team.
https://talkingbiznews.com/media-news/cbs-news-hires-wsjs-forelle/