J Safra Sarasin explores potential takeover of Saxo Bank

Bank J. Safra Sarasin is reportedly exploring a takeover of Saxo Bank, which has been on the market since July. The Danish bank, with significant shareholders including Geely Holding Group and founder Kim Fournais, had previously engaged Goldman Sachs to seek potential buyers. Other interested parties have since withdrawn from the bidding process.

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Record Growth in Crypto Mobile Wallet Users and Stablecoin Adoption

The number of crypto mobile wallet users reached a record 36 million in Q4 2024, reflecting a shift towards active engagement in decentralized finance (DeFi), NFTs, and blockchain applications. Global cryptocurrency ownership hit 560 million, with stablecoin supply increasing by 18% to nearly $200 billion, and trading volume surging to $30 trillion. As regulations for stablecoins expand, the demand for mobile wallets and DeFi services continues to grow, despite ongoing security threats targeting users.

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