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Visa now supports stablecoin payouts for creators in new 'breakthrough' pilot
Visa now supports stablecoin payouts for creators in new 'breakthrough' pilot

Quick Take Visa has launched a new pilot allowing businesses to send payouts directly in stablecoins, starting with USDC. The pilot supports creators, freelancers, and gig workers, enabling near-instant cross-border payments to “compatible” stablecoin wallets.

The Block·2025/11/11 16:00
VCI Global buys $100 million in OOB token; Tether becomes largest shareholder
VCI Global buys $100 million in OOB token; Tether becomes largest shareholder

Quick Take The Nasdaq-listed firm is acquiring $100 million worth of OOB tokens, the native token of Tether-backed crypto payment firm Oobit. Following the completion of the deal, Tether is expected to become the largest shareholder of VCI Global through its Oobit stake.

The Block·2025/11/11 16:00
Winklevoss-backed Cypherpunk targets 5% of Zcash supply with $58 million treasury seed
Winklevoss-backed Cypherpunk targets 5% of Zcash supply with $58 million treasury seed

Quick Take Cypherpunk’s pivot from biotech to digital assets adds to a growing 2025 trend of small-cap firms adopting crypto-treasury strategies amid tight funding conditions. Winklevoss cast Zcash as a “privacy hedge” to bitcoin, part of a comeback narrative for privacy coins in 2025.

The Block·2025/11/11 16:00
Bitcoin ETFs log best day in a month, add $524 million as cumulative trading volume approaches $1.5 trillion
Bitcoin ETFs log best day in a month, add $524 million as cumulative trading volume approaches $1.5 trillion

Quick Take U.S. spot bitcoin ETFs attracted $524 million worth of net inflows on Tuesday, despite BTC sliding around 3%. BlackRock’s IBIT added $224.2 million alone, marking the best day for the Bitcoin ETFs in more than a month.

The Block·2025/11/11 16:00
Brazil’s New Rules Hit Crypto Firms
Brazil’s New Rules Hit Crypto Firms

Kriptoworld·2025/11/11 16:00
The Daily: SEC's Paul Atkins unveils plan to clarify which tokens count as securities, Circle explores native Arc token, and more
The Daily: SEC's Paul Atkins unveils plan to clarify which tokens count as securities, Circle explores native Arc token, and more

Quick Take Securities and Exchange Commission Chair Paul Atkins unveiled plans for a new “token taxonomy” to clearly define which cryptocurrencies qualify as securities under the agency’s evolving digital asset framework in the months ahead. Circle said it is “exploring the possibility” of a native token for its Arc Layer 1 blockchain, a stablecoin-centric network that launched on public testnet last month.

The Block·2025/11/11 16:00
Flash
20:20
Social platform Snap Inc disclosed that its business was significantly impacted by geopolitical uncertainties in the Middle East during the first quarter of this year.
According to the latest data, in March alone, geopolitical headwinds led to a reduction in company revenue by approximately $20 million to $25 million. This impact mainly stems from the chain reaction of conflicts in the Middle East affecting the digital advertising market. Advertisers generally cut marketing budgets during periods of turmoil, putting direct pressure especially on social media platforms that rely on advertising revenue. As a company that mainly profits from advertising, Snap is particularly sensitive to changes in the geopolitical environment. Notably, the disclosed financial impact only reflects data from March, and the total impact throughout the first quarter may be more complex. The company is closely monitoring the situation and actively adjusting its business strategies to address potential risks.
20:20
On May 5th, the board of directors of Envista Holdings officially approved a brand-new stock repurchase program.
The plan authorizes the company to use up to $300 million to repurchase its own shares over the next few years, with the execution period continuing until December 31, 2029. The launch of this stock buyback program demonstrates management's confidence in the company's long-term development prospects. By repurchasing outstanding shares, the company aims to optimize its capital structure and increase earnings per share, thus creating greater value for shareholders. According to the terms of authorization, the buyback operations can be carried out flexibly based on market conditions, and the specific scale and timing of implementation will depend on multiple factors. It is worth noting that the plan does not require the company to complete the entire authorized buyback amount by the deadline.
20:19
Social media giant Snap Inc recently announced that the company expects to incur pre-tax restructuring charges of $95 million to $130 million.
According to its disclosed financial plan, the majority of these expenditures will be recognized in the second quarter of this year. The estimated range of this restructuring cost reflects the company's ongoing investment in organizational optimization and operational efficiency improvement. Although specific restructuring details have not been fully disclosed, market analysts believe this may involve personnel adjustments, business line integration, and the optimization of global office space layouts. Financial experts point out that such one-time restructuring costs, while placing pressure on short-term profits, are typically seen as necessary investments for a company's long-term healthy development. Through structural adjustments, companies are often able to achieve a more sustainable cost structure and more agile business responsiveness.
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