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Stripe partners with Plasma to develop a multi-currency stablecoin card, aiming to lower cross-border foreign exchange costs.

1 hours ago

Stripe announced a partnership with Plasma to develop multi-currency stablecoin cards, designed to enable individuals and businesses to spend using currencies already held in their accounts, reducing unnecessary currency conversions and foreign exchange costs. Plasma will serve as a design partner, integrating with Stripe’s stablecoin card infrastructure to allow customers to use their account balances for payments via multi-currency cards. The expanded infrastructure will support the U.S. dollar, Brazilian real, euro, Mexican peso, and Colombian peso; stablecoins include USDC, OUSD, and eligible stablecoins compliant with the GENIUS Act. Stripe’s stablecoin card service currently covers more than 30 countries, with plans to expand to over 100 countries by 2027. For example, users holding euros will soon be able to spend directly in euros without first converting to U.S. dollars; businesses can issue cards denominated in currencies aligned with their specific spending needs. Stripe also plans to support cardholders in spending from multiple account balances, automatically selecting the appropriate currency at the time of purchase.

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Bitwise’s Chief Investment Officer (CIO): Bitcoin Likely to Benefit Long-Term, Regardless of AI Boom or Its Bubble Burst

Bitwise Chief Investment Officer Matt Hougan stated in a client report that Bitcoin is likely to benefit in the long run regardless of whether AI drives an economic boom, an investment bubble bursts, or the economy grows only moderately. In the scenario where the AI bubble bursts and triggers a recession similar to 2008, given AI’s geopolitical significance, he puts the probability of subsequent government bailouts at “nearly 100%”. Bitcoin may first face a sell-off before rallying sharply amid a surge in the money supply. If AI significantly lifts productivity and GDP while cutting costs in sectors like software and legal services, Hougan forecasts that scarce assets such as Bitcoin will appreciate. Should the economy sustain 3% growth, 4% interest rates and a near soft landing, Bitcoin will still be supported by ETF inflows, adoption by financial advisors, and allocations on corporate and sovereign balance sheets. He cautioned that Bitcoin will not rise in a straight line, with some scenarios potentially involving difficult initial phases. Threats including quantum computing, coordinated government crackdowns, or renewed fiscal austerity by Western governments could also undermine his thesis; he considers these scenarios unlikely but not impossible.

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Bitcoin rebounds to break through $81,000

According to HTX market data, Bitcoin has rebounded to break through the $81,000 level, with a 1.29% decline in the past 24 hours.

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Bitcoin falls below $80,000

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Nasdaq’s proposed $5 million market capitalization delisting threshold has sparked opposition from small U.S. businesses.

According to Bloomberg, Nasdaq plans to immediately suspend trading of listed companies with a market capitalization below $5 million for 30 consecutive days, followed by delisting, to curb market manipulation such as "pump and dump" schemes in micro-cap stocks. The proposal has faced opposition from small U.S. businesses; regulators put its rollout on hold last month and are soliciting further public comments. Bloomberg data shows more than 190 Nasdaq-listed companies currently have a market cap of no more than $5 million, with roughly one-third based in Asia and nearly half in the U.S. Opposing companies argue that natural price fluctuations stemming from low trading volume are not equivalent to market manipulation, and the proposal could deter financing and harm normally operating businesses. Unlike existing delisting rules for low share prices, which provide a 180-day correction period, the new proposal does not offer an extended grace period. Nasdaq, for its part, stated that securities assigned very low valuations by the market are more prone to volatility, posing an ongoing challenge to fair and orderly trading. NYSE American also proposed a similar $5 million threshold in March this year, and the U.S. Securities and Exchange Commission (SEC) has delayed a final vote as well.

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The Philadelphia Semiconductor Index is on track to erase more than $2 trillion in market capitalization within seven trading days.

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Trump's Artificial Intelligence Task Force will hold a meeting on Thursday.

A spokesperson for the U.S. Federal Trade Commission (FTC) said that Trump's AI Task Force will hold a meeting on Thursday.

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