Bakkt Sheds Loyalty Division as It Doubles Down on Crypto
The firm is selling its loyalty business and raising $75 million as it shifts to crypto custody, trading, and stablecoin infrastructure.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Bitcoin’s $80,000 Return Faces an $82,300 Confirmation Test
Bitcoin broke above $80,000 for the first time since September 7, while more than $183 million in short positions were liquidated...
WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts
WisdomTree and MoonPay will build an access point letting U.S. investors buy shares of WisdomTree's tokenized government money mar...
Grayscale Sees Limited Bitcoin Impact From 25-Basis-Point Hike
The Federal Reserve raised its benchmark interest rate by 25 basis points to a target range of 3.75%–4.00%, and Grayscale Research...
Bitcoin ETFs see cumulative net flows at $55B, down from $63B peak
The fluctuating net flows in Bitcoin ETFs highlight investor sentiment shifts and market volatility, impacting long-term investmen...
Bitcoin Will Hit $1 Million, Says Kevin O’Leary—But There’s a Quantum Catch
Kevin O'Leary believes Bitcoin could hit $1 million if crypto beats its quantum computing problem, and explained why he's ditching...
3-year-old bug triggers $1.3 million drain and forces 10-day blockchain halt
A routine Radix code refactor created a vault flaw that enabled a roughly $1.3 million theft and later forced validators to halt t...