News & Events zu Fold Holdings Inc (FLD)FLDFold Holdings Inc

Webull to Launch Crypto-Linked Perpetual Futures in November

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.WEBULL TO DEBUT CRYPTO-LINKED PERPETUAL FUTURES:Webullannounced Tuesday it will offerstarting in November, expanding its derivatives offering through access to a growing asset class through a regulated platform. Webull's perpetual futures will be listed on KalshiEX, a CFTC-regulated Designated Contract Market, and cleared through Kalshi Klear, a CFTC-regulated Derivatives Clearing Organization. Webull will begin rolling out perpetual futures in November, with broader availability anticipated before year-end. The initial offering will include bitcoin and other crypto assets, with additional products to follow, subject to applicable regulatory review and exchange listing requirements."Perpetual futures have become a significant part of global derivatives markets, with annual volume reaching more than $90T in 2025," said Anthony Denier, Group President and U.S. CEO. "As this market continues to grow, we believe U.S. investors should have access to perpetual futures through a regulated platform they already know and trust, bringing a product with significant global adoption into the U.S. regulated futures market."SOFI LAUNCHES SOFI EARN TOKENIZED DEPOSIT:SoFi Technologiesannounced Thursday thefor consumers. SoFi members can now earn interest on digital dollars while keeping them ready to use, representing the company's fifth new crypto offering in less than a year. Each SOFIE represents $1 held on deposit at SoFi Bank, earning 4.40% APY with funds FDIC-insured up to applicable FDIC limits. When members are ready to put those funds to work, they can convert SOFIE 1:1 to SoFiUSD, then use the SoFiUSD to buy crypto directly in the SoFi app or move money over blockchain rails 24/7."Too much money in the digital asset ecosystem is sitting idle, leaving massive potential earnings on the table for millions of people," said Anthony Noto, CEO. "We believe your money should keep working for you until the moment you need it. SoFi Earn combines the earning power and protections of a bank deposit with the speed and utility of digital assets, giving people more value, flexibility and control over their money."Truist lowered the firm's price target on SoFi to $16 from $19 and kept a Hold rating on the shares as part of a broader research note updating the firm's models while previewing Q3 earnings among Payments and Fintech names. For the group as a whole, the setup is complicated, as the U.S. macro backdrop remains constructive, though the firm is wary of a slowdown in European consumer spending and the adverse impact of higher rates, the analyst said.COINBASE, THUNES PARTNER FOR STABLECOIN INFRASTRUCTURE:Coinbaseannounced Monday that the company isto connect its stablecoin infrastructure with Thunes' global fiat payout network. Coinbase will power Thunes' stablecoin infrastructure, while Thunes will expand Coinbase's payout reach to local bank accounts and mobile wallets. Together, the companies will support cross-border payments across enterprise supplier payments, gig worker payouts, and international remittances. The company said, "By bringing together Coinbase's stablecoin solutions and Thunes' global payout network, we're connecting digital asset infrastructure with the local financial systems people and businesses use every day. The goal is straightforward: connect stablecoin money movement with the payout options recipients already use."The company also announced Thursday that Coinbase Ireland Limited has cooperated with the Central Bank of Ireland to reach a settlement over its historic safeguarding practices, including the outsourcing of certain safeguarding operations. Under the settlement, CBIE will pay a EUR 3.25M fine.SOLUNA, APPLIED DIGITAL TO DEVELOP AI DATA CENTER:Soluna Holdingsannounced Wednesday that it has entered into awith Applied Digital Corporationto develop a planned 50 MW critical IT data center for AI and HPC at Project Dorothy 3, Soluna's development site near Silverton Texas and the Briscoe Wind Farm. Under the agreement, Soluna is expected to contribute a portion of the Dorothy 3 site, including land and power-related project assets, to the project company, and Applied is expected to provide capital to support the development of the project. Following the closing of the transactions, Applied is expected to hold a 51% interest in the project company, and Soluna is expected to hold the remaining 49% interest. The closing of the transaction is subject to the satisfaction of certain conditions precedent, including the approval of a tax abatement for the project in Briscoe County, Texas, receipt of title policies, obtaining certain corporate approvals, successful negotiation and execution of the operating agreement for the project company, definitive leases, power agreements and other definitive agreements, and other customary conditions. The transactions are expected to close by the end of the calendar year."We have said for a long time that the constraint in AI is energy access, not chips," said John Belizaire, CEO. "We built Soluna to bring load to the generation, so the power would be ready when the demand arrived. Partnering with Applied at Dorothy 3 puts that strategy to work: our site and wind power, combined with a proven builder and operator of AI data centers. We look forward to completing the remaining steps, including the tax abatement process in Briscoe County, and to bringing this project forward with the local community."Rosenblatt lowered the firm's price target on Soluna to $2 from $4 and kept a Buy rating on the shares. Soluna's new joint venture with Applied Digital is "an important first step" in the transition from Bitcoin hosting to HPC leasing, said the analyst, who lowered estimates with the reduced economics, but believes this deal is "a key positive" for Soluna shares.KALSHI, BITGO LAUNCH HODL MARGINING:BitGo Holdingsand Kalshi Prime announced Thursday thethat enables eligible customers to fund fiat margin obligations with crypto holdings, without first selling any crypto assets. BitGo Bank & Trust, National Association, an OCC-regulated digital asset trust bank and subsidiary of BitGo, is the first custodian to join the new network. The HODL Margining network enables eligible customers of Kalshi Prime, the CFTC-registered futures commission merchant, to borrow against digital assets held in qualified custody at BitGo Bank & Trust, or any other custodian participating in the network, to fund margin for perpetual futures and other eligible margin products traded on KalshiEX."We're building a next generation FCM at Kalshi Prime. That means listening to our customers and providing what they need, adapting our model to how they actually hold and manage assets," said Jeff Bandman, CEO of Kalshi Prime. "We've always been crypto friendly, and HODL Margining is a great example of being customer focused: digitally native customers can fund their margin without having to sell their existing holdings. We see this as an exciting practical step in marrying the regulated CFTC framework with on-chain innovation."BitGo Holdings also announced Wednesday the launch of BitGo Labs, a research and innovation unit with a single charge to explore and build the next breakout application for digital assets. The company said, "BitGo Labs' earliest focus is at the intersection of AI and crypto. AI is advancing from chatbots to autonomous agents that research, negotiate, hire, and buy on the open internet. We believe the AI economy needs crypto financial infrastructure to process micropayments, instantly settle, and safely secure trillions of dollars in assets. Traditional financial technology cannot support this next leg of innovation, but BitGo can. At every step toward artificial general intelligence, new ways will open for people to contribute and earn. BitGo Labs believes some of crypto's most important use cases will be found here - and that they are still waiting to be built."OTHER CRYPTO NEWS:Circle Internet, Proof announceBitdeerreportsAI cloud pipeline of 333.5 MWStrategypurchasesreports USD reserve of $4.83B as of October 18, price target raised to $211 from $201 at Clear StreetBitmine ImmersionreportsDeFi DevelopmentaddsStrivepurchasesas of October 16Hyperscale Datareportsreaffirms FY27 revenue guidance of $300M-$350MGalaxy Digitalprice target loweredat Piper Sandler, to $36 from $46 at MaximPiper Sandler lowers Hut 8price targetRiot PlatformstoMara HoldingstoCleanSparkinitiatedSuper Leaguestockholders approve Metaplanet2,100BNB StandardappointsIRENestablishesOlenoxreportsunveils three-phase plan to power, expand BTC mining fleetSolana Companyselected asFoldlaunchesCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin was roughly flat this week at $81,800 in U.S. dollars, according to CoinDesk.

Fold Reports Q2 Revenue of $6.09M, Below Consensus

Reports Q2 revenue $6.09M, consensus $7.67M. "Fold enters the second half of the year with a stronger balance sheet, a growing Credit Card program, expanded banking and distribution capabilities, and much of the infrastructure needed to support our next generation of products," said Fold Chairman and CEO Will Reeves. "Over the next few months, investors will begin to see these investments come together as we build toward our goal of becoming the most rewarding financial platform in America."

Coinbase Introduces AI Agent Feature, MassPay Partners with Coinbase

As bitcoin, ethereum and other cryptocurrencies see major legal, institutional, and technological developments, the financial landscape continues to adapt. Stay up on the crypto news that matters with the "Crypto Currents" weekly from The Fly. Also, join us for your essential daily recap, every day at 2 PM ET on FlyCast radio.COINBASE INTRODUCES COINBASE FOR AGENTS:On Thursday, Coinbaseannounceda feature that connects a user's AI agent directly to their account to enable it to trade, pay and execute workflows on their behalf. The company said, "People are already using Large Language Models for a vast range of investment research and financial questions. But these LLMs often lack full context about your actual financial life and portfolio, and they can't take actions on your behalf. Today, we are changing that. Introducing Coinbase for Agents. Connect your favorite agent directly to your Coinbase account to trade, pay, and operate within limits you control. By giving your AI agent direct access to Coinbase, your agent can now do both financial reasoning and execution. The way people interact with the internet is changing. People are increasingly moving through the world via agents rather than apps — and businesses are rapidly rebuilding their products to be agent-first in turn. As that ecosystem grows, Coinbase for Agents is positioned to be your trading and spending account at the center of it."Additionally on Thursday, MassPay Holdings and Coinbase announced a strategic partnership to bring stablecoin-powered cross-border payout capabilities to businesses worldwide. The partnership combines MassPay's single-API global payout network, covering 180 countries across bank transfer, mobile wallet, and digital asset rails, with Coinbase's regulated digital asset infrastructure, institutional-grade safeguarding of digital assets, and extensive global licensing footprint. Together, they enable enterprise customers to move between fiat currency, USDC, and other digital assets without managing separate crypto infrastructure. "Stablecoin rails are becoming the standard for how global businesses move money, and our partnership with MassPay is a great example of that shift in action. MassPay's enterprise clients can now fund in USD, settle in USDC, and pay recipients globally — all within the infrastructure they already use. Coinbase handles the custody, compliance, and onchain infrastructure in the background, so MassPay can stay focused on delivering high-quality service to their clients." said Alec Lovett, Head of Infrastructure Products at Coinbase.FORWARD PROPOSES ACQUISITION OF BRERA HOLDINGS:Forward Industriesannounced Tuesday that itto Brera Holdingson June 1 to acquire the entire issued and to be issued share capital of SLMT in an all-stock transaction. Under the proposal, SLMT shareholders would receive 1.54 newly-issued shares of Forward Industries common stock for each SLMT share, representing a premium of approximately 30.7% to the volume-weighted average closing price of SLMT's ordinary shares over the ten trading days ended June 1 or $7.19 per share. The board of directors of SLMT chose to not engage in discussion with Forward and rejected the proposal on June 6 on the basis that "it does not consider the proposal to be in the best interest of the company".The company said, "Forward Industries respectfully disagrees and believes that the proposal is in the best interest of SLMT and, equally as importantly, the shareholders of SLMT, and is disappointed that SLMT has chosen to not engage in dialogue with the Forward team. Forward believes it is a strong partner and hopes that SLMT is open to further discussion to create an outcome that would create value for SLMT and its shareholders. We believe Forward's capital structure, its scale as the largest Solana treasury, and its access to capital position can realise and sustain the value embedded in SLMT more effectively than SLMT could on a standalone basis."Brera announced Thursday that itthis week at a price of approximately $64.20, as part of its ongoing strategy to make SOL acquisitions. The purchase was made using Solmate Infrastructure's cash reserves, and the company plans to continue deploying capital for further SOL purchases as it seeks to establish itself as the market leader among publicly traded Solana-focused investment and infrastructure companies.MASSPAY EXPANDS OFFERING VIA CIRCLE PAYMENTS NETWORK:MassPay announced Tuesday anprovided by Circle Internet Financial. Building on its existing integration with CPN, MassPay now leverages CPN Management Payments for stablecoin-enabled settlement. The integration enables MassPay customers to fund, manage, and send payouts using stablecoins, without directly managing digital assets or blockchain infrastructure."MassPay's expanded use of Circle Payments Network Managed Payments shows payments companies are looking to bring faster, cheaper, and programmable money movement into their core payout operations," said Irfan Ganchi, SVP of Product Management, Payments at Circle. "By leveraging managed infrastructure through CPN, MassPay enables customers to access stablecoin-powered workflows without directly managing digital assets."On Wednesday, Munify announced its integration with the Circle Payments Network to support stablecoin-based payouts into the Philippines. Through the integration, Munify enables users to receive funds globally in USDC and convert them into Philippine pesos for payout to local bank accounts and digital wallets."Munify's integration with CPN supports stablecoin-based payouts into the Philippines," said Ganchi. "By connecting to CPN, Munify enables more efficient conversion of digital dollars into local currency, helping streamline cross-border payment flows for users and businesses."CME GROUP LAUNCHES NASDAQ CME CRYPTO INDEX FUTURES:CME Groupannounced Tuesday the launch of NasdaqCME Crypto Index futures. At expiration, these contracts are financially settled to the value of thewhich measures the performance of the largest and most actively traded cryptocurrencies. As of June 9, the index includes bitcoin and bitcoin cash, ether, SOL, XRP, ADA, LINK, and lumens."With trading now officially underway, our new Nasdaq CME Crypto Index futures represent a major milestone in the expansion of our regulated digital asset marketplace," said Giovanni Vicioso, Global Head of Cryptocurrency Products. "In today's volatile markets, investors are increasingly seeking diversified exposure to the cryptocurrency ecosystem while retaining the capital efficiencies and transparency of a regulated futures marketplace. These contracts give clients a cost-efficient tool to hedge their risk or directly pursue broad-based crypto opportunities."Additionally on Monday, CME announced its new Bitcoin Volatility Index futures are available for trading. First trades were executed as blocks between DV Chain and Monarq Asset Management."The early support we've seen for our new Bitcoin Volatility futures further demonstrates the growing client demand for more innovative tools to more efficiently protect against adverse market moves," said Vicioso. "Our new 24/7 trading framework expands the utility of these contracts, allowing investors to isolate and precisely manage their portfolio's volatility risk and exposure at any hour of the day, any day of the week – unlocking a critical new layer of risk management."TRUMP CRYPTO PROFITS PROBED:A two-part Reuters investigation published Monday estimated the Trump familyincluding American Bitcoinand World Liberty Financial, while outside investors in those same projects suffered equivalent paper losses. The second installment reported that Eric Trump holds approximately 7.5% of American Bitcoin with no evidence he contributed commensurate capital, while the two Trump sons collectively hold approximately 20%, and American Bitcoin shares are down approximately 90% from their September 2025 IPO price. The dual investigation dropped on the same day the House Ways and Means Committee convened its full-committee hearing on digital asset taxation.OTHER CRYPTO NEWS:Strategyacquires, announces approval of STRC semi-monthly dividendsVisaannouncesStrivepurchasesas of June 5BitGolaunches institutionalintroduces Lightning Earn offering, BitGo MENA launches regulated electronic tradingHyperscale Datareports, announces Yorkville transactionBitmine ImmersionreportsEightco HoldingsreportsCore Scientificre-initiatedRiot Platformsprice targetat Keefe BruyetteNakamotosellsCanaanminesAI FinancialprovidesCangominesBitFuFuminesSolunaminesFigure TechnologytoFoldmonetizesZooz PowertoCRYPTO STOCK PLAYS:Publicly traded companies in the space include Bit Digital, Coinbase, Core Scientific, Greenidge Generation, Mara Holdings, Strategy, Riot Platforms and TeraWulf.PRICE ACTION:As of time of writing, bitcoin rose roughly 4% this week to $63,192 in U.S. dollars, according to CoinDesk.