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- Mastercard’s Push For Crypto Adoption, Revolut's Growing Crypto Influence & More
Mastercard’s Push For Crypto Adoption, Revolut's Growing Crypto Influence & More
Also: Standard Chartered enters the digital asset sector.
Welcome back!
This is J264G and this week I’ve got these titbits for you:
Crypto Ambitions: Revolut partners with Pyth to power DeFi platforms.
Enhancing Trust: Mastercard continues to roll out its crypto credential solution.
Banking Crypto: Standard Chartered announces crypto custody services.
We’re all juggling the New Year’s chaos, so I’ll keep it brief — here’s the one crypto graph you need to see even if you’re short on time today.
Now, let’s jump right into this week’s newsletter!
Click on any underlined heading/hyperlink to learn more.
Spotlight
Skin In The Game
We’re witnessing a growing trend of both large corporations and small-cap companies setting up Bitcoin treasuries.
JUST IN: Corporate demand for #Bitcoin is already outpacing new bitcoin supply this year 👀
Bullish 🚀
— Bitcoin Magazine (@BitcoinMagazine)
5:19 PM • Jan 13, 2025
But let’s be honest: They’re not doing it because they believe in the transformative potential of Bitcoin or because it aligns with their long-term vision. More often than not, it’s a strategic move to boost their stock price, leveraging Bitcoin’s appeal as a speculative asset to excite stakeholders.
Regardless, Bitcoin treasuries represent an important first step — a proverbial Overton window — to engage and educate a small but growing cohort of institutional stakeholders about the true advantages of the onchain economy: Self-sovereignty, powered by self-custody.
Apart from the ideological appeal of self-sovereignty and self-custody, crypto rails offer a range of practical benefits that make them hard for institutions to ignore:
Efficiency & Cost Savings: Crypto rails reduce the reliance on intermediaries, streamlining processes and enabling real-time settlement — while cutting down on costs. In the finance industry, in particular, these efficiencies can be significant.
Transparency & Trust: The decentralised nature of blockchains ensures that data is immutable and transparent. This fosters trust among stakeholders by providing an auditable and tamper-proof record of transactions.
New Markets: Blockchain networks also allow for modern cross-border infrastructure, enabling businesses to transact globally with reduced costs and friction, all while unlocking opportunities in untapped markets.
Customer Experience: As blockchain technology facilitates faster settlements, real-time updates, and streamlined transactions, customer satisfaction can significantly be improved; particularly in sectors such as e-commerce, payments, and remittances, where delays and high fees often hinder the user experience.
Future-Proofing: By engaging with the onchain economy early, corporations can stay ahead of technological disruption, ensuring they remain relevant in an increasingly digital economy.
Remittance App Downloads Falling Sharply as Western Union (-22%) & Moneygram (-27%) Lose Share to Stablecoins
— matthew sigel, recovering CFA (@matthew_sigel)
6:48 PM • Jan 6, 2025
While none of this is new to crypto-natives — who will roll their eyes at how obvious all this is — the reality is that these benefits aren’t as clear to those outside the onchain economy. That’s why it’s crucial for us to communicate them clearly and consistently, any chance we get.
Yes, we’ve successfully piqued the interest of institutions in crypto through Bitcoin. But the challenge now is to deepen their involvement and encourage them to put real skin in the game and help us in reshaping the digital economy. This also means building bridges — not just to corporations, but also to policymakers and capital markets.
So let’s get moving, there’s work to be done.
invested in my friends ai startup, had my wire cancelled twice and spent thirty minutes on the phone with my bank explaining what a SAFE agreement is and that ive known the founders since college and was positively sure it was not a scam
just send me a usdc address please
— mary (@howdymerry)
5:52 PM • Jan 9, 2025
Numbers Of The Week
Just how big was the first year for Bitcoin ETFs?
MASSIVEHere's a list of the largest ETFs 1 year after they launched. Even if you inflation adjust the assets, 4 of the Bitcoin ETFs are in the top 20 US ETF launches of all time. $IBIT, $FBTC, $ARKB, and $BITB
— James Seyffart (@JSeyff)
4:32 PM • Jan 10, 2025
News Bites
Crypto Ambitions: Revolut is doubling down on its crypto strategy. Following the launch of its standalone crypto trading platform, Revolut X, and considerations of introducing its own stablecoin, the company now plans to integrate its digital asset quote and trade data into Pyth price feeds — a pivotal building block for DeFi platforms.
Revolut, the digital banking giant serving 45M users across 200 countries, just became a Pyth Network data publisher!
Real-time price feeds from a fintech giant = better data for builders, more transparency for users.
The future of finance isn't either/or — it's both. 🤝
— Pyth Network 🔮 (@PythNetwork)
3:00 PM • Jan 8, 2025
Market Readiness: Firedancer, an independent Solana validator client, is nearing market readiness. This development is crucial for the Solana network, as the new validator client will enhance reliability and speed, strengthening Solana’s infrastructure for high-demand use cases such as trading and payments.
WANNA SEE SOMETHING COOL??
Watch my node run Firedancer in real time.
👉fd.juicystake.io— knoxtrades | JuicyStake.io (@knox_trades)
8:48 PM • Jan 11, 2025
Enhancing Trust: Mastercard continues to innovate in the onchain economy with its crypto credential solution. This service aims to make cryptocurrency transactions more accessible and secure, streamline processes, and build greater trust in the ecosystem — essential steps toward mainstream adoption.
Banking Crypto: Standard Chartered has entered the digital asset sector, announcing plans to offer cryptocurrency custody services in Europe. This marks a major step for traditional banks, signalling that 2025 could see a broader embrace of crypto services as the line between conventional finance and the onchain economy continues to blur.
Institutional Trading: South Korea’s Financial Services Commission (FSC) is reportedly planning to allow institutional investors to open trading accounts on crypto exchanges. If this move goes through, South Korea — already a leading crypto hub — is set to further solidify its position as a crypto trailblazer.
Platform Wars: Raydium, one of the longest-standing DeFi platforms on Solana, has launched the public beta for its perpetual futures product. With features such as 40x leverage, gas-free trading, and the lowest fees on over 70 trading pairs, this release intensifies competition among DeFi platforms on Solana.
Stablecoin Storytelling: Stablecoins remain crypto’s premier use case, but their importance can sometimes be hard to grasp. If you’re on the fence, this post breaks down why stablecoins are so pivotal.
Caught In 4K
In #Qatar stores are accepting $USDC and $SOL using direct peer to peer @phantom transactions just as I said should be the case everywhere.
The store has a @phantom wallet and a barcode, the customers simply scan the code and pay in seconds. No credit card vendors, no money… x.com/i/web/status/1…
— MartyParty (@martypartymusic)
7:03 PM • Jan 10, 2025
Weekly Take
nvidia mcap: $3.4 trillion
total crypto mcap: $3.3 trillionall of crypto is worth less than nvidia.
yes crypto will have mid-term "tops" & "bottoms", but people are conflating price action with progress.
we're still earlier than you think.
— Psycho (@AltcoinPsycho)
8:49 PM • Jan 9, 2025
Keks & Giggles
When you’re an investment banker vs. when you quit to become an angel investor / struggling afro house DJ
— litquidity (@litcapital)
8:45 PM • Jan 8, 2025
And that's a wrap!
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Talk soon!
DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens/equity.