In this episode of Coin Street headlines, we dive into the latest headlines shaping the cryptocurrency landscape. Join us as we discuss: Michael Saylor’s Bitcoin Bet: Despite a significant drop in share price, Saylor remains confident in his Bitcoin strategy, which continues to outperform major tech stocks. We explore how Polymarket has received the green light to operate a U.S. trading platform, paving the way for new opportunities in the trading space. Discover how Klarna has become the first digital bank to issue a stablecoin on Tempo, a new Layer 1 blockchain developed by Stripe and Paradigm. Learn about U.S. Bancorp’s initiatives in the digital asset space, including their work on stablecoins and the potential for cheaper cross-border transfers. Jane King with the latest from the NYSE.
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Thanks, Remy.
Here's a look at your Coin Street headlines.
Michael Saylor says he won't back down from his Bitcoin bet despite a steep drop in the share price.
Strategy's Bitcoin stack is in the green as it continues to outperform top tech equities over time.
Google Finance data shows that strategy's stock is down almost 60% over the past year and has declined by over 40% year to date.
The stock.
Traded near $300 in October before dropping to about $170.
Pollymarket has won regulatory approval to operate a US trading platform.
The approval came as the US Senate is expected to vote soon on prospective CFTC Chair Michael Selig as a replacement for the acting chair Caroline Pham.
Now, according to Pollymarket, the approval will result in the platform onboarding brokerages and customers.
Directly and facilitating trading on US venues, in the meantime, payments company Clarnap has launched a stablecoin, becoming the first digital bank to issue a token on Tempo, the new layer one blockchain developed by Stripe and Paradigm.
According to the announcement, the new stablecoin is pegged to the US dollar and is currently live on Tempo's Testnet with an upcoming main net launch for 2026.
And West Bank Corp is testing its own stablecoin on the public blockchain Stellar as part of the broader push into digital assets.
Bloomberg reports the bank is working on stablecoins in two areas custody crypto assets, and stablecoin payments.
The prospect of cheaper cross-border transfers and a more lenient regulatory environment has sparked a flood of investment in the area, and that is the latest Coin Street headlines.