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  • 🤫 Meta is thinking to get back in Crypto.

🤫 Meta is thinking to get back in Crypto.

PLUS: Partnering with Stripe instead of minting its own coin, Meta eyes 3B users for cross-border payments, while Bitcoin accumulation stalls, Binance reserves rise, Cipher pivots to AI, and Nvidia sets the market tone.

Meta eyes on Stablecoins, but with more brains

Meta is reentering crypto. No, it's not Libra 2.0

Could this time be different, with more payment utility?

Instead, the company is working on a step toward allowing all of its apps to use dollar-backed stablecoins and connecting more than 3 billion people around the world, those people said. The target is to have something functioning in the second half of 2026.

Its primary partner in the works is Stripe, say those sources.

That makes sense. Stripe acquired the stablecoin start-up Bridge last year for $1.1 billion and has been quietly building out its crypto plumbing. Patrick Collison, a member of Meta’s board.

Meta is trying to put a wallet on top of existing regulated stables. Leave reserves and compliance to somebody else. Meta handles the distribution.

That alone brings a different mood to the Libra season.

Libra was too early

Libra, which was introduced in 2019, came with sky-high hopes and a tidal wave of political opposition. Congress didn’t want Facebook to be in charge of a world currency. The project was renamed Diem. It never made it out alive.

Fast forward to today.

The GENIUS Act regulates stablecoins in America. Not that it’s anywhere near in full swing yet, given that final rules won’t arrive until at least 2027 , but at least there’s already a defined path to get there.

This time, Meta isn’t even including a bet and beat the system: It is actually trying to work within the limits that those laws set up.

This is not a normal "Crypto Launch"

It’ll feel like cheaper payouts.

Think of an Instagram of creators getting paid across borders for no wire fees. Transfers using WhatsApp that feel like a message, not like a bank transfer.

Stablecoins already settle trillions annually. Stripe views them as a next-generation method of transferring money worldwide. Meta brings scale.

The last time Meta attempted a money remake, regulators snuffed it.

This time, Meta seems to simply want to do it better.

But with 3 billion users, even the tiniest adjustment in behavior has colossal repercussions.

Poll: Will Meta succeed where Libra failed?

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šŸ“Š Market Watch

šŸ’³ Stripe eyes PayPal

PayPal soared nearly 7% following reports that Stripe is considering a potential acquisition.

Nothing official. Early talks. But the market reacted instantly.

Stripe’s timing is interesting. It is now valued at $159B, thanks to a secondary share sale. PayPal, by contrast, is down about 30% this year and under scrutiny over growth.

Analysts have noted that PayPal continues to be one of the very few globally recognized payment networks, with about $2T in annual volume through its network and as owner of Venmo.

🐻 Bitcoin accumulation wanes as Binance reserves build

Bitcoin returned briefly to $65K and subsequently lost higher levels. The bigger picture: accumulation has been slowing down.

Glassnode’s accumulation score has remained stuck near neutral, a sign that neither whales nor retail are aggressively buying dips. New address growth is flat. The urgency is gone.

In the meantime, Binance saw its BTC reserves reach a 15-month high, with more than 674K BTC sitting on the exchange. Higher exchange balances are often an indicator that coins are preparing to be sold.

The Fear & Greed Index is at 11, extreme fear.

Derivatives still drive short-term moves. But the spot market appears wary. Buyers seems ready to hold out for even deeper discounts before they step in.

Cipher drops mining, goes all-in on AI data centers

Cipher Q4 revenue of $60M and $55M adjusted net loss miss expectations. But the numbers only tell part of the story.

In a pivot from Bitcoin mining to high-performance computing infrastructure for AI workloads, the company is officially rebranding as Cipher Digital.

It upsized contracts with Google and Fluidstack, inked its first HPC deal with Amazon, and raised $3.73B through senior secured bond offerings to fund Barber Lake and other projects like Black Pearl.

To help fund the transition, Cipher sold its 49% ownership interest in three mining JV sites to Canaan for $40M in stock.

Mining margins are tight. Difficulty just jumped 15%. Cipher isn’t waging that battle anymore.

Instead, it’s gambling on AI demand.

 šŸ„ Top tweets

Are you watching

It’s Nvidia day.

Jensen Gpu GIF by NVIDIA GeForce

The largest company on earth reports earnings after the bell, and markets are leaning bullish into it.

• Dow futures +27

• S&P futures +0.1%

• Nasdaq 100 futures +0.3%

Asia rallied overnight. Japan hit a record. Korea broke 6,000 for the first time. Taiwan notched its fifth straight all-time high.

Bitcoin bounced back to $65K after briefly dipping near $62K.

This isn’t just another earnings print. Nvidia sits at the center of the AI capex story, and the broader question: is the spending boom still justified?

Tonight sets the tone.

Headline picks by our Intern

Snl Internship GIF by Saturday Night Live

Meme of the day

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