Crypto-focused stocks have tumbled this week as macroeconomic concerns and government shutdown fears dampen investor appetite. Major players like Coinbase, Block, and Robinhood saw declines of 11-14%, erasing recent gains despite some positive earnings reports. The selloff highlights the ongoing fragility in crypto-linked equities.
about Crypto Stocks Slide on Macro Fears, Shutdown JittersBlock Inc.
0 in Finance and 0 in Crypto last weekBlock Q3 Earnings Miss Estimates, Shares Drop 12%
Block Inc.’s third-quarter earnings fell short of analyst expectations despite strong performance from its Cash App and Square divisions. The disappointing results triggered an immediate 12% selloff in after-hours trading as investors reacted to the miss on both revenue and earnings per share, compounding concerns about the crypto-friendly fintech’s growth trajectory.
about Block Q3 Earnings Miss Estimates, Shares Drop 12%DC Coffee Shop First to Accept Bitcoin via Square POS
A Washington D.C. coffee chain has become the first merchant globally to process Bitcoin payments through Square’s standard point-of-sale terminal. The demonstration during DC Fintech Week showcased instant transactions using the Lightning Network, marking a significant milestone for crypto adoption in everyday retail and potentially ushering in a new era for Bitcoin as a practical payment method.
about DC Coffee Shop First to Accept Bitcoin via Square POSSquare Launches Zero-Fee Bitcoin Payments for US Merchants
Square, the payments processor owned by Jack Dorsey’s Block Inc., has launched a groundbreaking Bitcoin service that enables US merchants to accept cryptocurrency at checkout with zero transaction fees through 2026. This strategic move represents a significant advancement in Bitcoin’s utility as a practical medium of exchange, allowing businesses to hold Bitcoin in an integrated wallet and automatically convert sales into BTC while providing seamless access through Square’s existing dashboard.
about Square Launches Zero-Fee Bitcoin Payments for US MerchantsBlock’s New Mining Rig Cuts Costs, Extends Lifespan
Block Inc., a Bitcoin-focused fintech company, has launched the Proto Rig, a modular cryptocurrency mining system designed to lower operational costs and extend rig lifespans. Unlike traditional rigs that last three to five years, Proto Rig is built to function for a decade or more, allowing miners to replace individual hashboards instead of entire units. This innovation could reduce upgrade costs by up to 20% per cycle, providing a significant advantage in the capital-intensive mining sector. The move comes as miners face rising expenses and increasing integration of AI in the industry.
about Block's New Mining Rig Cuts Costs, Extends LifespanARK Invest Shifts to Ethereum, Dumps Coinbase & Roblox
ARK Invest has significantly restructured its portfolio, offloading $90.5 million in Coinbase (COIN) shares and $57.7 million in Roblox (RBLX) stock to acquire $174 million worth of Bitmine Immersion Technologies (BMNR) shares. This marks ARK’s first major investment in an Ethereum-native treasury firm, signaling a strategic shift toward ETH. Bitmine, led by Fundstrat’s Tom Lee, holds over 300,000 ETH ($1.1B), making it the second-largest Ether reserve globally. Other firms like Bit Digital Inc. have also transitioned from Bitcoin to Ethereum, raising capital to build ETH treasuries. The move reflects broader institutional interest in Ethereum as a key asset in crypto portfolios.
about ARK Invest Shifts to Ethereum, Dumps Coinbase & RobloxBlock Joins S&P 500, Marking Crypto’s Mainstream Rise
Block Inc., the fintech company founded by Twitter co-founder Jack Dorsey, is joining the S&P 500, following Coinbase’s addition earlier this year. The inclusion signals the growing acceptance of crypto-aligned firms in traditional finance. Block, which allocates 10% of its Bitcoin-related profits to purchasing more BTC, holds over 8,500 BTC on its balance sheet. Industry experts see this as part of a broader trend where regulatory developments, such as the GENIUS Act, are accelerating crypto’s integration into mainstream markets. Block’s strategy includes Bitcoin services via Cash App, open-source development funding, and decentralized infrastructure projects. Analysts view its S&P 500 listing as a milestone for crypto’s legitimacy in TradFi.
about Block Joins S&P 500, Marking Crypto's Mainstream RiseMetaplanet Becomes 5th-Largest Corporate Bitcoin Holder
Metaplanet has solidified its position as the fifth-largest corporate Bitcoin holder after purchasing an additional 1,005 BTC for $108 million, bringing its total holdings to 13,350 BTC worth approximately $1.45 billion. The Japanese firm funded the purchase through 0% interest bonds, surpassing Cleanspark, Tesla, and other major players in corporate BTC holdings. Metaplanet now trails only MicroStrategy, Marathon Digital, Twenty One Capital, and Riot Platforms in Bitcoin treasury size, highlighting its aggressive accumulation strategy amid fluctuating market conditions.
about Metaplanet Becomes 5th-Largest Corporate Bitcoin HolderMetaplanet Becomes 8th-Largest Corporate Bitcoin Holder
Metaplanet has solidified its position as a major corporate Bitcoin holder, now ranking eighth globally with over 8,888 BTC after a $117.9 million purchase. The Japanese investment firm acquired an additional 1,088 BTC at an average price of $108,400 per coin, surpassing Galaxy Digital (8,100 BTC) and Block Inc. (8,485 BTC). This move highlights Metaplanet’s commitment to Bitcoin adoption in Asia, as it continues to expand its crypto holdings strategically.
about Metaplanet Becomes 8th-Largest Corporate Bitcoin HolderBitcoin Decouples from US Treasuries as Investors Shift
Recent data from Bitwise reveals that Bitcoin’s 60-day correlation with US 10-Year Treasury Futures has dropped to an all-time low, suggesting investors may be moving away from bonds amid economic uncertainty. Analysts, including Bitwise’s Andre Dragosch, see this as a sign of institutional strategy shifts, with firms like Metaplanet and MicroStrategy increasing Bitcoin holdings. Meanwhile, Bitcoin’s price surge contrasts with Treasury yield volatility, reinforcing its appeal as an alternative asset. The trend is further supported by corporate adoption, such as Block Inc.’s plans for Bitcoin payments, indicating a broader shift toward digital assets despite regulatory challenges.
about Bitcoin Decouples from US Treasuries as Investors ShiftBlackRock Recommends 2% Bitcoin Allocation for Portfolios
BlackRock’s digital assets team, led by Robert Mitchnick, has advised investors to consider allocating 1-2% of their portfolios to Bitcoin, citing years of research. The firm highlights Bitcoin’s potential as a hedge during macroeconomic instability, comparing its long-term behavior to gold. BlackRock’s endorsement is significant given its conservative, research-driven reputation and its successful iShares Bitcoin Trust (IBIT). The recommendation comes amid broader institutional adoption, including Block Inc.’s plans for Bitcoin payments and growing Bitcoin acceptance in sectors like education and media. Bitcoin’s price volatility in 2025 reflects strong investor interest, with some analysts predicting new all-time highs. The increasing open interest and trading volume in Bitcoin options further underscore the asset’s growing prominence in traditional finance.
about BlackRock Recommends 2% Bitcoin Allocation for PortfoliosBlock Inc. to Enable Bitcoin Payments for 4M Merchants
Block Inc. revealed at the Bitcoin 2025 Conference that Square will support Bitcoin payments via the Lightning Network, with a phased rollout beginning in late 2025 and full deployment by 2026. The feature enables QR code-based Bitcoin transactions, with real-time conversion to fiat for merchants. Despite regulatory hurdles and a recent $40M AML fine, Block is pushing forward, targeting its 4M-strong merchant network. The initiative builds on Square’s 2024 Bitcoin Conversion tool and aligns with Dorsey’s goal to prioritize Bitcoin’s utility over speculation. Other firms, like Roxom Global, are also advancing Bitcoin-centric solutions, signaling broader crypto adoption in traditional finance.
about Block Inc. to Enable Bitcoin Payments for 4M Merchants