Today’s CoinStreet headlines covers significant developments in the crypto and fintech sectors. Coinbase, which reported better-than-expected financial results, was driven by a resurgence in both retail and institutional trading. This uptick comes amidst a more favorable regulatory environment under President Trump and improved U.S. and China trade relations.
Flutterwave, Nigeria’s largest fintech company, which is making strides in cross-border payments by leveraging blockchain technology. Their partnership with Polygon Labs aims to streamline payment processes across 34 African countries, potentially transforming the financial landscape on the continent.
We also highlighted a report from venture capital firm 1KX, indicating that on-chain revenue from decentralized finance and consumer apps is projected to reach nearly $20 billion this year, signaling a maturation in the blockchain industry.
Lastly, we touched on the challenges faced by Bitcoin miner Core Scientific, which failed to secure approval for a merger with AI infrastructure company CoreWeave. This news led to a decline in Core Scientific’s shares, reflecting the ongoing volatility in the crypto market.