财务业绩 - 第四季度净收入增长12%至107亿美元，全年净收入达400亿美元，增长11% [1] - 第四季度GAAP净利润为51亿美元，每股收益2.62美元，非GAAP净利润为58亿美元，每股收益2.98美元 [1] - 全年GAAP净利润为201亿美元，每股收益10.20美元，非GAAP净利润达225亿美元，每股收益11.47美元 [1] 业务驱动因素 - 第四季度支付额增长9%，全年增长8%，跨境交易量（不包括欧洲内部）第四季度增长11%，全年增长13% [2] - 第四季度总处理交易量达677亿笔，增长10%，全年处理交易量达2575亿笔，增长10% [2] - 服务收入为46亿美元，增长10%，数据处理收入增长17%至54亿美元，国际交易收入增长10%至38亿美元 [2] 运营与支出 - 第四季度GAAP运营支出为46亿美元，增长40%，主要受诉讼准备金和人员费用增加驱动，非GAAP运营支出增长13% [3] - 全年GAAP运营支出为160亿美元，增长30%，非GAAP运营支出增长11% [3] - 公司产生231亿美元经营活动净现金流，期末现金及投资证券为200亿美元 [3] 资本回报与战略定位 - 公司以182亿美元回购约5400万股A类普通股，平均成本每股335.44美元，并将季度现金股息提高14%至每股0.670美元 [3] - 公司持续投资于Visa as a Service技术栈，旨在成为支付生态系统中的超大规模服务商 [1][3] - 公司认为人工智能驱动的商业、实时资金流动、令牌化和稳定币的融合将重塑商业，其创新和产品开发将引领转型 [1][3]

Trust Stamp announces a Cryptocurrency Initiative including the TSI Wallet™, a biometrically secured digital asset wallet that will both compete with and compliment legacy wallets in the crypto wallet market which is predicted to grow from $14.39B in 2024 to $54.79B in 2029Atlanta, GA, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Trust Stamp (Nasdaq: IDAI): In the wake of recent announcements that the Company has raised in excess of $10M in new capital, the Company announced a cryptocurrency and asset tokenization foc ...

Coinbase is reportedly closer to acquiring stablecoin infrastructure startup BVNK.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.The cryptocurrency exchange is in late-stage discussions on the approximately $2 bil ...

Ethereum price is a turnaround play — and that’s not necessarily a bad thing. While the price of Solana hogs headlines with momentum and “impressive” exchange-traded fund launches, Ethereum is dealing with a different narrative: recovery from depression. But according to Matt Hougan, Bitwise’s chief investment officer, that creates opportunity. “Ethereum is very much staring down $5,000 by the end of the year and doubling or more by the end of the decade,” Hougan told DL News. To get there requires und ...

Tether has revealed that its profit for the first three quarters of 2025 has passed the $10 billion mark. That number puts it ahead of some of the world’s biggest banks when looking at the same stretch of time. Treasury Bills Are Doing the Heavy Lifting The massive revenue comes mainly from the $135 billion in U.S. Treasury bills that Tether holds in its reserves. These reserves back every USDT token in circulation, and when interest rates on Treasuries climb, so does Tether’s profit. The company benefi ...

全球银行业加密资产监管规则修订背景 - 全球银行业监管机构巴塞尔银行监管委员会（BCBS）正筹备全面修订银行处理加密资产特别是稳定币的规则[1] - 修订压力来自主要经济体及行业团体旨在调整原定于明年生效的严格资本要求[1] - 此次讨论针对BCBS在2022年制定的框架该框架曾对银行持有的加密资产施加了最严厉的资本规则之一[1] 现行监管框架的核心内容与影响 - 现行标准要求银行对无担保加密资产如比特币适用1250%的风险权重这意味着银行必须持有与其加密资产敞口全额相等的资本[2] - 这些旨在保护银行免受潜在损失的措施实际上阻碍了大多数机构提供加密相关服务[2] - 高风险的资本分类使得银行在资产负债表上持有加密资产"经济上不可行"迫使交易活动转向不受监管的平台[5][6] - BCBS框架将加密资产分为两组：第一组包括代币化传统资产和具有可靠支持机制的稳定币第二组则涵盖所有其他面临惩罚性资本处理的加密资产[6] - 该全球标准的实施已被推迟一年至2026年1月[7] 推动规则修订的主要动因 - 稳定币的快速崛起以及监管机构和政府对数字资产看法的广泛转变引发了新的辩论[3] - 美国正主导修订的呼吁认为原有标准已过时且与当前加密市场结构不符[4] - 与美元等资产挂钩的稳定币发展迅速新的监管框架如美国GENIUS法案鼓励其用于支付[4] - 在现行规则下无许可稳定币如USDT和USDC尽管在开放区块链网络上运行却面临与比特币等高波动性加密货币相同的沉重资本负担[5] - 高级财务主管表示这种做法使银行无法满足机构对数字资产服务日益增长的需求[5] 监管规则的属性与采纳情况 - 巴塞尔委员会的指南虽不具约束力但其45个成员包括来自28个辖区的监管机构通常会在国内采纳这些标准[8]

Coinbase (Nasdaq: COIN) founder and CEO Brian Armstrong turned the company's Q3 2025 earnings call into a lottery of sorts for crypto traders on prediction markets. Launched by Brian Armstrong in 2012, Coinbase is the leading crypto trading exchange in the U.S. which serves over 100 million users today. The company went public on Nasdaq in 2021 and became the first crypto company to find a spot on the S&P 500 index in May this year. Related: Ex-Goldman Sachs analyst warns of 'spooky, bone-chilling' Hallowe ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. JPMorgan Chase (NASDAQ:JPM) CEO and longtime Bitcoin (CRYPTO: BTC) critic Jamie Dimon has acknowledged that crypto, blockchain, and stablecoins are "real." This marks a notable shift in tone as his bank prepares to let institutional clients use Bitcoin and Ethereum (CRYPTO: ETH) as loan collateral by the end of 2025. Trending: If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with mo ...

The lone analyst with a sell rating on fire serve ahead of the companies crushing stock sell off says the writing was on the wall for months. Rothschild analyst Dominic Ball says he still has the sole sell rating on Fire Serv. We can see that on the Bloomberg terminal using the and our function.When he downgraded the stock earlier this year, he cited issues with its clover product, a point of sale system writing financial solutions is decelerating and so the issue seems more systemic across five serve. And ...

Crypto exchange behemoth Coinbase has reported a net income of $432.6 million for Q3 2025, over a fivefold increase from $75.5 million in the same period last year. Coinbase’s transaction revenue rose to $1 billion for the three months ended September 30, up from $572.5 million in 2024. Per Reuters, the surge follows “heightened volatility” in the crypto market, which boosted trading volumes. “Our institutional trading revenues grew over 120% in the quarter,” said Chief Financial Officer Alesia Haas. Acc ...